Springs of Hope Kenya Inc
Nonprofit profile at a glance
- EIN
- 263955826
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-EZ 2012
- Location
- St Petersburg, FL, USA
- Phone
- 7277979000
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Relief
- Affiliation
- Christianity
Reported finances
- Revenue
- $248,528
- Expenses
- $278,060
- Assets
- $291,849
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Molly Waits (President)
People named in this filing
- Tony Griffith (Director)
- Dede Jones (Director)
- Richard J Callahan Jr (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Springs of Hope Kenya is a Christian based ministry with a mission to serve the needs of 63 orphaned children in the Nakuru Kenya area. Through donations and fund raising efforts, Springs of Hope Kenya plans to build a care center that will provide housing, education, nutrition and healthcare for orphaned children and their caregivers by providing beds, food, shelter, education and nurturing for the children. Additional goals include establishing a foster program for orphans. By supporting the community in this endeavor, we can help supplement the families so they can take on this additional burden of caring for the children and avoid having them placed in orphanages. These activities will be carried out by Spring of Hope's directors and through local support in the form of a facilities manager, a social worker, matrons and a cook.
What it reported doing in 2024
Kambi Amani Eco Camp - The proceeds for this Kambi Amani go towards our children at SOHK and at risk youth and the community in the following ways: Creating jobs for our former street children and orphans through training and through tourism and hospitality. Serving the local community through this endeavor through employment opportunities Revenue from this project will go to the future education of our children By building a basic camping and luxury camping experience for tourist and missionaries. This in turn will bring awareness to SOHK and the orphans of Kenya, and the beautiful natural environment of Kenya. SOHK will use the camp in down times for locals to rent for weddings, company retreats and other events. This will ensure we are able to raise funds year round and not just in high seasons.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 90
- Accountability: 64
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -11.9%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 1.1% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 1 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $278K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 6 not reported.
- High — Sustainability: Operating margin scored 20/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.