BEACON OF HOPE SERVICES, INC.
120 CALVARY DRIVE
MARSHALL, NC 28753
Year End December 31, 2014
Prepared by:
Edwards Accounting Services
Member:
N.C. Society of Accountants
National Association of Tax Preparers
Beacon of Hope Services, Inc. has engaged the services of
Edwards Accounting Services, 83 Pine Hollow Drive, Marshall, NC to
provide an unbiased opinion and annual review of our company records.
Beacon of Hope Services, Inc.
INDEPENDENT AUDITOR’S REPORT
BEACON OF HOPE SERVICES, INC.
We have completed the annual review of the accompanying financial statements of
BEACON OF HOPE SERVICES, INC. for the 12-month period ending Dec. 31, 2014,
and the related statements of activity and functional expenses for the period then ended.
These financial statements are the responsibility of the organization’s management. Our
responsibility is to express an opinion on the financial statement based on our review.
We conducted our review in accordance with generally accepted accounting principles.
Those standards require that we plan and perform the review to obtain reasonable
assurance about whether the financial statements are free of material misstatement. A
review includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. A review also includes assessing the accounting
principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe our review provides a reasonable
basis for our opinion.
In our opinion, the financial statements referred to above present fairly in all material
respects, the financial position of Beacon of Hope Services, Inc., as of December 31,
2014, and the results of its operations for the period in conformity with generally
accepted accounting principles.
Edwards Accounting Services
Leonard E. Edwards, Accountant
83 Pine Hollow Dr
Marshall, NC 28753
April 30, 2015
Beacon of Hope Services, Inc.
Balance Sheet
12-Month Period Ending 12/31/14
Assets:
Cash in Bank
Equipment
Computer
Copier
Refrigerator
Kitchen Equipment
Freezer & Cooler
Forklift #1
Forklift #2
Box Truck
Cooler
$73,060.23
$ 1,006.00
798.75
500.00
11,000.00
18,189.35
5,500.00
8,500.00
3,000.00
1,169.00
$49,663.10
Land
Building
Total Assets
Liabilities & Capital:
Accounts Payable
Common Stock
Surplus
Total Liabilities & Capital
2,506.00
170,389.68
$ 295,619.01
==========
$
.00
.00
295,619.01
$ 295,619.01
========
Beacon of Hope Services, Inc.
Income & Expense Summary
12-Month Period Ending 12/31/14
Account Balance
January 1, 2014
$ 44,159.18
Total Income
$103,067.66
Total Expenses
$ 74,166.61
Account Balance
December 31, 2014
$ 73,060.23
========
Beacon of Hope Services, Inc.
Statement of Income
12-Month Period Ending 12/31/2014
Income:
Assistance/Crisis
General Purpose
Total Income
Exhibit 1
Exhibit 2
$ 39,613.93
$ 63,453.73
$103,067.66
========
Beacon of Hope Services, Inc.
Statement of Income
12-Month Period Ending 12/31/14
Exhibit 1
Assistance/ Crisis
Angel Fund
Calvary Worship Center
Enon Baptist Church
Easter Gap Baptist Church
Paint Gap Baptist Church
Bright Hope Laurel United Methodist Church
Zion Baptist Church
Food Lion
FEMA
Walmart Foundation
Sam’s Community Giving
People in Need CFWNC
MCCF-THAW
Rotary Club
Individual Donations
$ 2,290.00
550.00
359.00
307.00
500.00
300.00
3,000.00
2,947.00
500.00
500.00
2,000.00
1,600.00
600.00
3,884.54
Individual Donations
$ 1,592.64
Toys
School Supplies
Individual Donations
$
683.75
Total Assistance/Crisis
$39,613.93
=======
Beacon of Hope Services, Inc.
Statement Income
12-Month Period Ending 12/31/14
Exhibit 2
General Purpose Fund:
United Way Grant
JANIRVE Sun Grant
Calvary Worship Center
Paint Gap Baptist Church
Easter Gap Baptist Church
Individual Donations –
Individual Donations-(Counseling Space)
Barrell Donations
Summer Festival
Events/ Special Projects
Other Income(Refunds Sales Tax & Gas Cap)
Thrift Store
Building Fund
Total General Purpose Fund
$ 4,500.00
8,500.00
1,105.01
948.00
422.00
10,304.56
800.00
329.01
2,567.85
1,717.45
737.07
20,982.00
10,540.78
$ 63,453.73
========
Beacon of Hope Services, Inc.
Grants (Memo)
12 –Month Period Ending 12/31/14
Food Lion
FEMA
Walmart Foundation
Sam’s Community Giving
People in Need CFWNC
Rotary Club
MCCF-THAW
United Way
Janirve Sun Grant
$ 3,000.00
2,947.00
500.00
500.00
20,000.00
600.00
1,600.00
4,500.00
8,500.00
Total
$42,147.00
=======
Beacon of Hope Services, Inc.
Statement of Expenses
12-Month Period Ending 12/31/14
Expenses
Operations/Administrative Costs
Fund Raisers
Food Pantry
Assistance
Total Expenses
Exhibit A
Exhibit B
Exhibit C
Exhibit D
$ 47,554.60
2,716.25
556.43
23,339.33
$ 74,166.61
========
Beacon of Hope Services, Inc.
Statement of Expenses
12-Month Period Ending 12/31/14
Exhibit A
OPERATIONS/ADMINISTRATIVE
Administrative Costs
Salaries (Net)
Payroll Taxes –Social Security
-Medicare
-N.C. Tax
-Federal Tax
Advertising
Bank Charges
Fees
Office Supplies
Thrift Shop Supplies
Thrift Shop Clothing Purchased
Food (Volunteer Appreciation)
Janitorial
Utilities - Electricity
- Water
-Sewer
Telephone
Internet Fees
Maintenance & Repairs
Insurance
Lease
Contract Labor
Van Expenses – Maintenance
-Insurance
-Tag
-Gas
$11,905.92
$1,684.80
414.72
689.00
712.00
$ 4,856.41
311.06
288.15
$ 1,086.50
1,122.41
$ 1,966.59
152.04
41.60
1,560.05
3,500.92
820.23
9.60
825.00
2,630.56
684.54
777.50
1,143.65
46.36
5,455.62
713.19
675.25
2,208.91
1.00
600.00
3,720.28
Beacon of Hope Services, Inc.
Statement of Expenses
12-Month Period Ending 12/31/14
Exhibit A ( Continued)
Forklift- Maintenance & Repair
Gas- Gas
Forklift (New)
Box Truck – Maint/Repair
- Insurance
- Gas
- Tag
Total Operations/Administrative Costs
797.25
79.00
646.11
152.04
1,525.07
136.60
876.25
8,500.00
2,459.82
$47,554.60
=======
Beacon of Hope Services, Inc.
Statement of Expenses
12-Month Period Ending 12/31/14
Exhibit B
Fundraiser
Summer Festival
Food
Advertising
Other (Change)
$
198.40
726.53
100.00
$1,024.93
$ 100.00
12.86
1,503.46
30.00
45.00
$1,691.32
Event
Advertising
Concessions
Other-Transfer to Bldg Fund
Madison County Fairground(Change)
Supplies
Total
$2,716.25
========
Beacon of Hope Services, Inc.
Statement of Expense
12-Month Period Ending 12/31/14
Exhibit C
Food Pantry - Costs
Milk Run
Tax
Total
$384.59
171.84
$556.43
======
Beacon of Hope Services, Inc.
Statement of Expense
12-Month Period Ending 12/31/14
Exhibit D
Assistance
Utilities-(Janirve)
(Individual)
Lodging (Individual)
Utilities – (MCCF)
- (Rotary)
-(Individual)
Medicine –Individual
Toys – Individual
School Supplies
Food (Food Lion)
(Program)
(MC Community Fund)
(FEMA)
(Program)
(Walmart)
(Sams Club)
Sales Tax (Forklift)
Total
$ 529.91
159.34
$1,600.00
661.49
207.63
$3,514.82
8,551.85
500.00
2,947.00
295.85
500.00
500.00
$
`689.25
55.88
$ 2,469.12
1,329.26
728.80
683.75
$16,809.52
573.75
$23,339.33
========
Beacon of Hope Services, Inc.
In-Kind Receipts
12-Month Period Ending 12/31/14
Program Services
Manna Food
(341,222 lbs)
Milk (1,536 1/2 Gal .-351 ½ pt -36 Gal.)
Produce -Other Vendors (30,748 lbs)
Hair Cuts
(11)
Back packs
Total Program Services
$ 634,272.84
3,980.61
30,748.00
132.00
400.00
$ 669,533.45
========
Beacon of Hope Services, Inc.
In-Kind Distribution
12-Month Period Ending 12/31/14
Program Services
Food/Milk
Back Packs
Haircuts
$669,001.45
400.00
132.00
Total
$669,533.45
=========
Beacon of Hope Services, Inc.
Cash Flow Analysis
12-Month Period Ending 12/31/14
Beginning Balance January 1, 2014
$ 44,158.18
Income:
Calvary Worship Center
Enon Baptist Church
Easter Gap Baptist Church
Paint Gap Baptist Church
Bright Hope Laurel Methodist Church
Zion Baptist Church
Paint Fork Baptist Church
Food Lion
FEMA
Walmart Foundation
Sam’s Community Giving
People in Need CFWNC
Rotary Club
MCCF-THAW
United Way
Janirve Sun Grant
Griffin Agency
Rice’s Roofing & Sheet Metal
Summer Festival
Events
Individual Donations
Barrell Donations
Thrift Store
Other Income(Refunds)
$ 3,395.01
550.00
1,615.00
2,770.00
750.00
300.00
600.00
3,000.00
2,947.00
500.00
500.00
20,000.00
600.00
1,600.00
4,500.00
8,500.00
150.00
2,000.00
4,071.31
599.45
22,071.81
329.01
20,982.00
737.07
Expenses:
Salary
Contract Labor
Advertising
Bank Charges
Office Supplies
Thrift Shop Supplies
Thrift Shop Clothing
Volunteer Food
Janitorial
Utilities-Facility
$15,406.84
600.00
820.23
9.60
3,455.56
684.54
777.50
1,143.65
46.36
5,455.62
$103,067.66
Beacon of Hope Services, Inc.
Cash Flow Analysis
12-Month Period Ending 12/31/14
Continued
Expenses (Continued)
Telephone
Internet Service
Maintenance/Repairs –Facility & Equip
Insurance – Facility & Equip
Tags
Gas
Lease
Forklift
Fundraisers- Summer Festival
- Events
Food Pantry
Assistance – Utilities
- Lodging
- Medicine
- Toys
-School Supplies
-Food
Sales Tax
Ending Balance December31, 2014
713.19
675.25
4,496.45
1,426.49
178.20
3,164.12
1.00
8,500.00
1,024.93
1,691.32
556.43
3,158.37
55.88
1,329.26
728.80
683.75
16,809.52
573.75
$74,653.61
$73,060.23
========
Beacon of Hope Services, Inc.
Volunteers
12-Month Period Ending 12/31/14
Without dedicated volunteers, it would be impossible for Beacon of Hope to
provide its programs to the community and throughout the service area. None
of these are paid positions. Only workers who are filled with compassion and
concern for the less fortunate in the community contribute their time and
effort. During the prior 12 month period a total of 9,134 volunteer hours were
provided by 41 Volunteers for program services.
The total number of people served was 12,993.
The total number of hours of operation of the Distribution Center for 2014
was 653.5.
Hours of operation are from 9 a.m. – 4:30 p.m. Monday
9 a.m. – 3 p.m. Wednesday.
9 a.m. - 1 p.m. Saturday
Beacon of Hope Services, Inc.
Source of Labor and Supplies
12 –Month Period Ending 12/31/14
Volunteer Personnel currently perform the daily routine for Beacon of Hope Services,
Inc. Through small grants and donations, the Beacon of Hope Services, Inc. has a goal of
a full-time member to provide these daily routines. Currently, some of the services
provided by volunteers are as follows:
Getting the mail.
Paying bills. This consists of sorting and filing invoices, writing the checks.
Addressing, stuffing, and posting envelopes.
Copying invoices and correspondence
Answering and following up on inquires on the telephone
Using the fax machine, copying faxes, and replacing paper rolls.
Recording all data on the computer. This includes income, invoices, check
numbers, and payee data.
Filing and recording back-up data for all mail and telephone inquires, then
determining methods of disposition of the inquiry.
Collection/Distributing Clothing & Food
Preparing applications for grants, posting the applications, calling for follow up,
and then filling out forms for implementation.
Driving/Servicing the Van.
Handling Correspondence & Acknowledgements.
Source of Labor and Supplies (continued)
Food Receiving and Distribution – Includes pickup, loading, delivery, unfolding,
stocking of shelves; preparing food boxes into individual vehicles; pickup of
bread and milk twice monthly; loading, loading, delivery, unloading, sorting of
bread, stocking bread rack; pickup of juice monthly; loading, delivery, unloading;
pickup foods from Food Lion weekly; loading, delivery, and unloading;
sweeping, mopping, taking cardboard and trash to the dump twice monthly, and
general cleanup of the area.
Pickup, loading, delivery and unloading of donated items such as furniture,
appliances, house wares, and clothing.
Repairs and maintenance to the facility.
Screening of all applicants for the emergency assistance program including crisis
intervention, fuel fund, rent and utilities, and taking information and calling a
place of business to do services.
Receiving and sorting of clothing, washing and drying soiled clothing, placing
clothing on racks in the distribution center, sorting of shoes and household items,
sweeping and mopping the receiving area and general cleanup.
Distribution Center – Keeping clothes straightened on hangers in the distribution
center, assisting recipients in crisis situations on an individual basis to get what
they need. Desk duties and paper work with checking out all outgoing items.
Cleaning of the distribution center (sweeping, mopping, taking out trash, and
general cleanup). Decorating the distribution center to the appropriate holiday is
also appropriate.
Volunteer Break Room – Keeping break room clean, washing of all dirty dishes,
and taking out the trash.
Source of Labor and Supplies (continued)
Front Desk – Screening of all applicants, completion of food application
(Government Commodity Foods), keeping a list of all recipients in the month,
maintaining and updating of computer database of all recipients. Answering the
phone, and making copies of food applications and distribution of food slips.
Director – Overseeing of all the operations in the Beacon of Hope recruiting and
orientation process for all volunteers. Overseeing volunteers with adequate
coverage for the different areas. Making sure necessary supplies, and equipment
are in operating condition. Updating and maintaining of all
guidelines/policies/volunteer applications, and necessary forms and procedures as
well as current work processes. Ordering of all Government Foods and State
Nutritional Assistance Foods. Submitting monthly reports, quarterly reports, and
yearly reports to Manna and Second Harvest Food Organization. Submitting
yearly reports to Beacon of Hope Board. Fund raising events, acquiring grants for
the Organization, collaborating with other organizations in the community.
Maintaining barrel ministry by placing barrels in local businesses, monthly pickup
and receipt of donations acquired through these. Monitoring of all expenses and
various other duties to keep the Beacon of Hope operating smoothly.
LIST OF BOARD OF DIRECTORS FOR BEACON OF HOPE SERVICES, INC.
J. Lewis Daniels, Chairman of the Board
112 Laurel Lane
Mars Hill, NC 28754
Phone #828-680-9879
Cell# 828-691-6377
He has Master’s Degree in Business Administration from University of SC. He
worked for St. Joseph’s Hospital as President and CEO and also worked at Mission-St.
Joseph’s as Executive Vice President. Worked at Price/Waterhouse & company as CPA
and Auditor.
Lucille Kirkland, Board Member
2381 Little Pine Dr.
Marshall, NC
Phone #828 649-9567
She is a Certified Coding Specialist at the Mission St. Joseph Center in Asheville,
NC. She is also involved in caring for the elderly.She does active volunteer work at
Beacon of Hope Services.
Charles Ronald Dodson, Board Member
35 Jabez Drive
Weaverville, NC 28787
Phone #828-645-7107
He is Senior Pastor on the Tennelina Church of God. He counsels those in distress
and does Chaplain work at the hospitals and prisons. He is serving on the Franklin
Crusade Board for Western North Carolina.
Donna T. Hagan, Board Secretary//Treasurer
277 Goforth Road
Marshall, NC 28753
Phone #828-649-3132
She is currently employed by the Calvary Worship Center as Secretary/Treasurer
and is also Secretary/Treasurer for the Beacon of Hope Services, Inc. She is also active in
her community by working with the senior citizens to enhance their productivity and has
helped with the phonic program at a local school. She was also owner of Good Enough
Consignment Shop. She works with the less fortunate and ministers to them through an
Emergency Assistance program.
Jeanne Hoffman, Board Member
P.O. Box 490
Mars Hill, NC 28754
Phone# 828-689-4542
She is a broker/realtor, 20 year business owner, Hoffman & associates, Mars Hill,
NC. She is founding president of Madison County Chamber of Commerce. Retired
Educator. Asheville/Buncombe Technical Community College, Buncombe/Madison
County Schools, Mars Hill College instructor. Richard L. Hoffman Foundation treasurer,
1994-present.
Rodney Wallin, Board Member
342 Big Branch Rd
Marshall, NC 28753
Phone#828-649-24109
Cell# 828-712-7024
He is a Vietnam veteran, works for French Broad Electric EMC, foreman for 20
years, currently employed 38 years. He is an instructor of electrical classes at French
Broad EMC, also instructor of electrical classes at Asheville-Buncombe Technical
Community College. He is an instructor at NASH Community College. He builds
electrical power substations. He is a Boy Scout and Cub Scout Master.
Barbara Ashe Stone
4589 Meadows Town Road
Marshall, NC 28753
Phone# 828-649-2941
She is a retired Administrative Assistant: NC State University-Cooperative
Extension Service.
David Brott
466 Forest Street
Mars Hill, NC 28754
He has a BS in Aerospace Engineering- NC State University, Master’s
Mechanical Engineering Catholic University. Retired from OH Glatfelter, Ecusta Paper
Volunteer experience in Madison County: Vice Chairman Habitat, Mars Hill Lions Club,
Neighbors in Need, United Way.
Allen Bradley, CEO and Operational Director .
814 Henry Bradley Road
Marshall, NC 28753
Phone # 828-273-4794
Bachelor of Science degree in Informational Technology, General Associate
Degree from Central Texas. He is retired military. He worked for Lea Industries as an
Information System Manager. He is presently a real estate broker. He is also a computer
network technician and a network instructor. He runs our power point and CD’s and
DVD’s at Calvary Worship Center.