2024-07-15T14:39:36-05:00 2023-08-31 300187276 JEBRAN & ABRAHAM PC 350 E BUTLER AVE SUITE 202 NEW BRITAIN PA 18901 990 2023-01-01 271895442 BOLD HOPE INC BOLD 2675445016 11 WELDEN DR 200 DOYLESTOWN PA 18901 ANDREW JONES EXECUTIVE DIRECTOR 2675449094 2024-07-15 1 ANDREW JONES 999009999 0 CHARLES G JEBRAN CPA P00289187 2674771061 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ANDREW JONES 11 WELDEN DR DOYLESTOWN PA 18901 1737731 0 X WWW.BOLDHOPE.ORG X 2010 PA BOLD HOPE EXISTS TO INSPIRE HOPE BY CONNECTING AND EMPOWERING PEOPLE TO TRANSFORM LIVES WORLDWIDE. WE INITIATE CONNECTION THROUGH SERVICE AND SPONSORSHIP - COLLABORATING TO SUPPORT GOD'S WORK IN ORDER TO IMPACT LIVES GLOBALLY. WE COME ALONGSIDE LOCAL MINISTRY PARTNERS TO PROVIDE SUPPORT FOR THE GOOD WORK ALREADY BEING ACCOMPLISHED, TACKLING EACH PHYSICAL AND EMOTIONAL NEED THAT PRESENTS ITSELF WHILE SHARING THE GOSPEL. A FOCUS ON DISCIPLE-MAKING IS PARAMOUNT; WITHOUT A SAVING KNOWLEDGE OF JESUS CHRIST, THERE CAN BE NO REAL HOPE DESPITE IMPROVED CIRCUMSTANCES. 12 12 12 6 0 0 1723098 1632980 0 0 1558 15147 214985 45519 1939641 1693646 11200 0 0 0 888982 702410 0 0 72024 1122311 1119943 2022493 1822353 -82852 -128707 1239504 1191009 192735 223467 1046769 967542 X BOLD HOPE EXISTS TO COMBAT SPIRITUAL, ECONOMICAL, AND FAMILIAL POVERTY BY PROVIDING HOPE TO SOME OF THE WORLD'S MOST VULNERABLE PEOPLE. THROUGH COMMUNITY ENGAGEMENT, SUSTAINABILITY, AND KINGDOM PREPARATION WE STRIVE TO RESOLVE ALL FORMS OF POVERTY AND MAKE A LASTING IMPACT ON THOSE WE SERVE. WE SEEK TO SERVE NOT ONLY INDIVIDUALS AND FAMILIES, BUT WHOLE COMMUNITIES. OUR PURPOSE IS TO TACKLE EACH PHYSICAL NEED THAT PRESENTS ITSELF, ALL WHILE SHARING THE LOVE OF CHRIST. 0 0 854714 IN 2023, BOLD HOPE TOOK MORE THAN 612 TRIP PARTICIPANTS ON 41 MISSION TRIPS TO 5 COUNTRIES TO SUPPORT THE GOOD WORK THAT OUR PARTNERS FAITHFULLY CARRY OUT YEAR-ROUND. OUR TEAMS SERVED IN VARIOUS WAYS IN IMPOVERISHED COMMUNITIES BY DOING THINGS LIKE EVANGELIZING AMONG MUSLIMS AND HINDUS, LAYING THE FOUNDATION FOR THE FIRST EVANGELICAL CHURCH IN A RURAL VILLAGE, HOSTING MEDICAL CLINICS, BUILDING A COMMUNITY CENTER, AND GETTING A HEALTH POST READY TO REOPEN TO THE PUBLIC. ADDITIONALLY, SCHOOL PROGRAMS, HOME VISITS, COMMUNITY OUTREACH, AND CHILDREN'S MINISTRY WERE MAINSTAYS IN TRIP PROGRAMMING. 629338 OUR CHILD DEVELOPMENT PROGRAMS EXIST TO MEET DAILY NEEDS THAT WOULD OTHERWISE GO UNMET. OUR CONTINUED FOCUS ON CHILD SPONSORSHIP WAS BORN OUT OF A FIRM BELIEF THAT SPONSORSHIP PROVIDES HOPE AND A FUTURE TO CHILDREN AROUND THE GLOBE WHO MIGHT OTHERWISE FIND THEMSELVES IN DESPERATE SITUATIONS. IN MANY COUNTRIES, FAMILIES ARE UNABLE TO PROVIDE FOR THEIR CHILDREN FINANCIALLY, WHICH IN TURN MAKES THEM SUSCEPTIBLE TO SEPARATION OR EXPLOITATION. OUR DESIRE IS TO KEEP FAMILIES TOGETHER BY SUPPORTING IMPORTANT EFFORTS ALREADY BEING MADE IN VULNERABLE COMMUNITIES OR FACILITATING OUR OWN CHILD DEVELOPMENT PROGRAMS IN SOME LOCATIONS. OUR SPONSORSHIP PROGRAMS PROVIDE CHILDREN IN HIGH-RISK POPULATIONS WITH BASIC NECESSITIES INCLUDING ITEMS SUCH AS CLEAN WATER, FOOD, MEDICAL ATTENTION, SHELTER, CLOTHING, EDUCATION, PROTECTION, AND SPIRITUAL DEVELOPMENT. OUR FUNDRAISING EFFORTS IN 2023 ALLOWED US TO CONTINUE TO EXPAND OUR REACH AROUND THE WORLD. THE MONEY RAISED THROUGH VARIOUS EVENTS AND FUNDRAISING CAMPAIGNS WAS USED TO INCREASE THE EFFECTIVENESS OF OUR CHILD DEVELOPMENT PROGRAM, INCLUDING DEVELOPMENT AND EDUCATIONAL WORK IN BELIZE. SOME OF THE FUNDS WERE USED TO HELP FINISH THE ROOF ON A HEALTH CLINIC IN THE IMPOVERISHED COMMUNITY OF GEORGETOWN, BELIZE. HAITI AND THE DOMINICAN REPUBLIC ARE STILL PRIORITIES AS WELL; A PORTION OF THE MONEY RAISED WILL BE USED TO CONTINUE OUR DEDICATION TO PROGRAMS IN THOSE LOCATIONS. ADDITIONALLY, FUNDRAISING HELPS OFFSET OUR ONGOING ADMINISTRATIVE NEEDS GLOBALLY. 1484052 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 12 1 0 1 BH 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MATTHEW JONES 8332653467 11 WELDEN DR STE 200 DOYLESTOWN PA 18901 CHRISTOPHER RAMSDELL VICE CHAIRMAN 1.00 X X 0 0 0 KARIN LEAVER BOARD MEMBER 1.00 X 0 0 0 BRIAN JONES BOARD MEMBER 1.00 X 0 0 0 JEFF HIRSCHOFF CHAIRMAN 1.00 X X 0 0 0 RICHARD B MILLHAM JR BOARD MEMBER 1.00 X 0 0 0 ZUBIN WHITE BOARD MEMBER 1.00 X 0 0 0 MARK WHITE BOARD MEMBER 1.00 X 0 0 0 COURTNEY OLSON BOARD MEMBER 1.00 X 0 0 0 SCOTT GRIFFITH BOARD MEMBER 1.00 X 0 0 0 SARAH CORNWELL BOARD MEMBER 1.00 X 0 0 0 RICHARD TERRY BOARD MEMBER 1.00 X 0 0 0 ANDREW JONES EXECUTIVE DIRECTOR 40.00 X 67279 0 13425 MATTHEW JONES MANAGING DIRECTOR 40.00 X 67279 0 13485 ALBERT BRUCE TREASURER 1.00 X 0 0 0 134558 0 26910 0 0 0 0 0 90140 1542840 1632980 11907 11907 21688 18448 3240 3240 3240 71156 25637 45519 45519 1693646 15147 0 45519 608670 447633 109173 51864 47822 36415 7667 3740 45918 30284 10863 4771 21731 11417 10314 26923 15536 11387 44406 8961 35445 47898 23815 24083 522547 519994 2291 262 5365 5365 24114 24114 18276 10137 8139 PARTNER SUPPORT 195260 195260 MINISTRY AND SUPPLIES 93904 93904 FOOD PROGRAM 42872 42872 BANK FEES 28935 187 28748 47712 47637 75 1822353 1484052 266277 72024 132028 155316 104070 21172 460546 124953 249967 335593 753439 623009 0 55919 1239504 1191009 150000 150000 42735 73467 192735 223467 X 965023 885796 81746 81746 1046769 967542 1239504 1191009 -128707 49480 0 X X 0 1 X 1 0 X 864126 1121917 1365561 1645500 1529330 6526434 864126 1121917 1365561 1645500 1529330 6526434 6526434 482920 18856 17158 1558 11907 532399 7058833 0.92460 0.90590 X PART II, SHORT YEAR EXPLANATION: BOLD HOPE HAS CHANGED FROM A CALENDAR YEAR END TO A FISCAL YEAR END AS OF 2023. BOLD HOPE'S NEW YEAR END IS 08/31. SUBSEQUENTLY, A SHORT FISCAL YEAR FILING FROM 01/01/2023-08/31/2023 IS REQUIRED TO MAKE THE TRANSITION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 76901 76901 84588 84588 299057 124953 174104 335593 EXCHANGE TRADED FUNDS 623009 F 623009 ACCRUED EXPENSES 16182 OPERATING LEASE LIABILITY 23318 OPERATING LEASE LIABILITY LESS CURRENT PORTION 33967 73467 1743126 49480 49480 1693646 0 1693646 1822352 0 1822352 0 1822352 PART X LINE 2: THE ORGANIZATION IS EXEMPT FROM TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PURSUANT TO FASB ACCOUNTING STANDARDS CODIFICATION TOPIC 740, THE ORGANIZATION RECOGNIZES TAX BENEFITS ONLY IF IT IS MORE LIKELY THAN NOT THAT A TAX POSITION (INCLUDING THE ORGANIZATION'S ASSERTION THAT ITS INCOME IS EXEMPT FROM TAX) WILL BE SUBSTAINED UPON EXAMINATION. TAX YEARS 2016 AND FORWARD REMAIN SUBJECT TO EXAMINATION. NO LIABILITY FOR UNCERTAIN TAX POSITIONS WAS RECORDED AS OF SEPTEMBER 30, 2022 OR 2021. 0 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 3 49 PROGRAM SERVICES BOLD HOPE SERVED IMPOVERISHED COMMUNITIES BY DOING THINGS LIKE PROVIDING SCHOOL PROGRAMS AND FAMILY EMPOWERMENT PROGRAMS, HOSTING MEDICAL CLINICS, , AND ASSISTING WOMEN AND CHILDREN IN THE DOMINICAN REPUBLIC WITH OBTAINING THEIR LEGAL DOCUMENTATION WHICH WILL ALLOW THEM TO RECEIVE SERVICES AND APPLY FOR EMPLOYMENT OPPORTUNITIES. 1008346 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES BOLD HOPE SERVED IMPOVERISHED COMMUNITIES BY PROVIDING CHILD SPONSORSHIP. 1631 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES BOLD HOPE SERVED IMPOVERISHED COMMUNITIES BY PROVIDING CHILD SPONSORSHIP. 21816 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES BOLD HOPE SERVED IMPOVERISHED COMMUNITIES BY PROVIDING CHILD SPONSORSHIP. 16311 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM SERVICES BOLD HOPE SERVED IMPOVERISHED COMMUNITIES BY PROVIDING CHILD SPONSORSHIP AND VARIOUS COMMUNITY DEVELOPMENT PROJECTS. 48407 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES PROVIDED DIASTER RELIEF FUNDS TO UKRAINE CRISIS 4592 3 49 0 0 3 49 1101103 0 1101103 0 0 0 0 0 0 PART I, LINE 2: BOLD HOPE'S PROGRAM MANAGERS PERIODICALLY FOLLOWS UP WITH PARTNERS TO MONITOR HOW DISTRIBUTED FUNDS ARE USED. GALA 12288 12288 4533 CLAY SHOOT 35557 35557 8529 1884 3350 1 23311 23311 500 6385 456 71156 71156 9029 8269 8339 25637 45519 X X X X X 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS DID AN INDEPENDENT SURVEY TO ESTABLISH COMPENSATION. FORM 990, PART VI, SECTION A, LINE 2 TWO OF THE BOARD MEMBERS WHO FOUNDED THE ORGANIZATION ARE BROTHERS FORM 990, PART VI, SECTION A, LINE 6 IN NOVEMBER 2022, NEW BYLAWS WERE ADOPTED BY THE BOARD OF DIRECTORS WHICH INCLUDED RESTRUCTURING AND RECLASSIFYING THE EXECUTIVE AND MANAGING DIRECTORS TO BEING MEMBERS OF THE CORPORATION. FURTHER, A PLAN WAS PUT IN PLACE TO REMOVE THESE DIRECTORS FROM BOARD MEMBERSHIP AND ELIMINATE THEIR VOTING AS BOARD MEMBERS. DURING A SIX MONTH TRANSITION PERIOD, THESE DIRECTORS MAINTAINED VOTING PRIVILEGES AND MEMBERSHIP OF THE BOARD UNTIL NEW, VOTING MEMBERS WERE APPOINTED AND VOTED IN. AS OF MAY 22, 2023, THE DIRECTORS OF THE CORPORATION NO LONGER HAVE VOTING RIGHTS AS MEMBERS OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS RETAINS THEIR QUARTERLY, EXECUTIVE OVERSIGHT OF BOLD HOPE. FORM 990, PART VI, SECTION A, LINE 7B THE ELECTION AND REMOVAL OF THE BOARD OF DIRECTORS ARE SUBJECT TO THE APPROVAL OF THE MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING A COPY OF THE 990, THE BOARD OF DIRECTORS RECEIVED A COPY FOR THEIR REVIEW FORM 990, PART VI, SECTION B, LINE 12C BOLD HOPE HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT ALL EMPLOYEES AND MEMBERS OF THE BOARD ARE REQUIRED TO REVIEW AND SIGN ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS OFFICERS COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS AVAILABLE UPON REQUEST AND ON THE COMPANY WEBSITE FORM 990 PART XII LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT.