2025-12-22T12:55:50-06:00 2024-08-31 300187276 JEBRAN & ABRAHAM PC 350 E BUTLER AVE SUITE 202 NEW BRITAIN PA 18901 990 2023-09-01 271895442 BOLD HOPE INC BOLD 2675445016 11 WELDEN DR 200 DOYLESTOWN PA 18901 ANDREW JONES EXECUTIVE DIRECTOR 2675449094 2025-12-22 1 0 CHARLES G JEBRAN CPA P00289187 2674771061 2023 2025-03-06 01:10:19Z X ANDREW JONES 11 WELDEN DR DOYLESTOWN PA 18901 2439050 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. 11 11 12 21 0 0 1632980 2233107 0 0 15147 650 45519 146558 1693646 2380315 0 0 0 0 702410 1225932 0 0 96349 1119943 1409318 1822353 2635250 -128707 -254935 1191009 1097620 223467 264325 967542 833295 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 1476840 MISSION TRIPS - IN FISCAL YEAR 2024, BOLD HOPE TOOK 655 TRIP PARTICIPANTS ON 48 MISSION TRIPS TO 7 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, CONTINUING WORK ON THE CONSTRUCTION OF THE FIRST EVANGELICAL CHURCH IN A RURAL VILLAGE, HOSTING MEDICAL CLINICS, AND BUILDING A WELLHOUSE FOR A NEWLY INSTALLED WELL TO PROVIDE WATER ACCESS TO AN ENTIRE COMMUNITY. ADDITIONALLY, SCHOOL PROGRAMS, HOME VISITS, COMMUNITY OUTREACH, AND CHILDREN'S MINISTRY WERE MAINSTAYS IN TRIP PROGRAMMING. 741478 FAMILY DEVELOPMENT PROGRAMWE HAVE TRANSITIONED FROM A CHILD DEVELOPMENT PROGRAM TO A FAMILY DEVELOPMENT PROGRAM. THIS TRANSITION TO A MORE HOLISTIC MINISTRY APPROACH WAS BORN OUT OF THE BELIEF THAT BEHIND EVERY CHILD IS A FAMILY, AND BEHIND THAT FAMILY IS A COMMUNITY. IN A BROADER VIEW, IT BECOMES CLEAR THAT BROKENNESS IN A COMMUNITY AND BROKENNESS IN A FAMILY AFFECTS THE MOST VULNERABLE PIECE OF ANY SOCIETY - THE CHILD. OUR FAMILY DEVELOPMENT PROGRAM CONTINUES TO EXIST TO MEET DAILY NEEDS THAT WOULD OTHERWISE GO UNMET. THE MEANS THROUGH WHICH WE ACCOMPLISH THIS IS CHILD SPONSORSHIP. 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 FAMILY DEVELOPMENT PROGRAMS IN SOME LOCATIONS. OUR SPONSORSHIP PROGRAMS PROVIDE FAMILIES IN HIGH-RISK POPULATIONS WITH BASIC NECESSITIES INCLUDING ITEMS SUCH AS CLEAN WATER, FOOD, MEDICAL ATTENTION, SHELTER, CLOTHING, EDUCATION, PROTECTION, AND SPIRITUAL DEVELOPMENT. EVENTS/FUNDRAISING CAMPAIGNSOUR FUNDRAISING EFFORTS IN FISCAL YEAR 2024 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 FAMILY DEVELOPMENT PROGRAM, INCLUDING DEVELOPMENT AND EDUCATIONAL WORK IN BELIZE. SOME OF THE FUNDS WERE USED TO PURCHASE A NEW VEHICLE, START A SUSTAINABLE GOAT PROJECT, EXPAND THE PROFESSIONAL/VOCATIONAL SCHOOL AND SAVINGS PROGRAM IN HAITI. WE ALSO HELD A SPECIAL CAMPAIGN FOR HAITI THAT HELPED REINFORCE SAFETY AND SECURITY. IN THE DOMINICAN REPUBLIC WE WERE ABLE TO CONTINUE CONSTRUCTION ON PHASE 1 OF THE AUTOVIA COMMUNITY CENTER AND WERE ABLE TO HIRE TWO ADDITIONAL STAFF MEMBERS TO SUPPORT OUR PROGRAMS. WE ARE ALSO ABLE TO FUND THE SHORTFALL IN BELIZE WHICH WAS UNDERFUNDED IN BOTH PROGRAM AND ADMINISTRATIVE COSTS. ADDITIONALLY, FUNDRAISING HELPS OFFSET OUR ONGOING ADMINISTRATIVE NEEDS GLOBALLY. 2218318 1 1 0 0 0 0 0 0 0 0 1 1 0 1 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 DR 0 0 0 1 1 0 0 0 0 X 11 11 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 (TO 12.31.23) 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 SECRETARY (FROM 01.08.24) 1.00 X X 0 0 0 RICHARD TERRY BOARD MEMBER 1.00 X 0 0 0 RACHEL MILLER SECRETARY (TO 01.08.24) 0.00 X X 0 0 0 ANDREW JONES EXECUTIVE DIRECTOR 40.00 X 109290 0 19837 MATTHEW JONES MANAGING DIRECTOR 40.00 X 109290 0 19660 ALBERT BRUCE TREASURER (TO 12.31.24) 1.00 X 0 0 0 CHRISTOPHER DAUGAARD MARKETING&WEBSITE SPECIALIST 40.00 X 100807 0 13327 319387 0 52824 3 0 0 0 0 2233107 2233107 650 650 205293 58735 146558 146558 2380315 650 0 146558 1061756 889363 105344 67049 85163 70113 7746 7304 79013 61048 12381 5584 32769 16198 16571 64306 47894 16412 50277 11634 38643 88238 55971 32267 587611 585296 2315 7540 7540 46846 46846 28347 18830 9517 PARTNER SUPPORT 224344 224344 MINISTRY AND SUPPLIES 101702 101702 FOOD PROGRAM 53633 53633 EDUCATIONAL DEVELOPMENT 48140 48140 75565 34152 41413 2635250 2218318 320583 96349 155316 94265 21172 14402 498430 171799 335593 326631 623009 572625 55919 89697 1191009 1097620 150000 149848 73467 114477 223467 264325 X 885796 758732 81746 74563 967542 833295 1191009 1097620 -254935 120688 0 X X 0 1 X 1 0 X 1121917 1365561 1645500 1529330 1865197 7527505 1121917 1365561 1645500 1529330 1865197 7527505 7527505 18856 17158 1558 11097 650 49319 7576824 0.99350 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 104590 104590 316939 171799 145140 326631 EXCHANGE TRADED FUNDS 572625 F 572625 OPERATING LEASE RIGHT OF USE ASSETS 31953 VEHICLE DEPOSIT 57744 89697 ACCRUED EXPENSES 80510 OPERATING LEASE LIABILITY 25117 OPERATING LEASE LIABILITY LESS CURRENT PORTION 8850 114477 2501003 120688 120688 2380315 0 2380315 2635250 0 2635250 0 2635250 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 63 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. 813367 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES BOLD HOPE SERVED IMPOVERISHED COMMUNITIES BY PROVIDING CHILD SPONSORSHIP. 4759 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 PROGRAM SERVICES BOLD HOPE SERVED IMPOVERISHED COMMUNITIES BY PROVIDING CHILD SPONSORSHIP. 56637 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES BOLD HOPE SERVED IMPOVERISHED COMMUNITIES BY PROVIDING CHILD SPONSORSHIP. 22302 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. 69455 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 PROGRAM SERVICES PROVIDED DIASTER RELIEF FUNDS TO UKRAINE CRISIS 4592 3 63 0 0 3 63 971112 0 971112 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 168377 168377 22504 19138 CLAY SHOOT 24259 24259 5323 1260 2356 3 12657 12657 6079 1352 723 205293 205293 11402 25116 22217 58735 146558 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 EXECUTIVE DIRECTOR AND THE BOARD WILL 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 REVIEW THE COMPENSATION OF MATTHEW AND ANDREW JONES. OTHER STAFF COMPENSATION IS DETEREMINED BY FMV OF POSITION IN LOCAL AREA. 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. REASON FOR AMENDMENT FORM 990 WAS AMENDED TO INCORPORATE THE FINALIZED AUDITED FINANCIAL STATEMENTS. DURING THE AUDIT, IT WAS IDENTIFIED THAT A GRANTEE'S EXPENSES FOR ONE MONTH HAD NOT BEEN RECORDED IN THE ACCOUNTING SYSTEM. AS A RESULT, ADJUSTMENTS WERE MADE TO THE FOLLOWING SECTIONS OF FORM 990: PART X CASH AND NET ASSETS WITHOUT DONOR RESTRICTIONS PART IX PROGRAM SERVICE EXPENSES SCHEDULE D, PARTS XI AND XII