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Category: Mental Health and Crisis Services

INHERITANCE OF HOPE INC

 

Pisgah Forest, NC

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INHERITANCE OF HOPE INC

Physical Address:
Pisgah Forest, NC 28768 0090
EIN:
75-3243566
Web URL:
www.InheritanceOfHop...
Leadership:
Mr. Deric Milligan, Chief Executive

Legitimacy Information

  • This organization is registered with the IRS.
  • This organization is required to file an IRS Form 990 or 990-EZ.

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Forms 990 from IRS Additional Information IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar Web site is an ongoing process.

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Fiscal Year Starting: Jan 1, 2011
Fiscal Year Ending: Dec 31, 2011
Revenue
Total Revenue $836,742
Expenses
Total Expenses $803,592

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Basic Organization Information

INHERITANCE OF HOPE INC

Physical Address:
Pisgah Forest, NC 28768 0090
EIN:
75-3243566
Web URL:
www.InheritanceOfHop... 
NTEE Category:
P Human Services 
P40 Family Services 
Year Founded:
2007 
Ruling Year:
2007 

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Mission Statement

Inheritance of Hope's mission is to improve well-being in the lives of children and families with a parent diagnosed with a life-threatening illness.

Expert Reviews

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Impact Statement from Nonprofit

The number of families served at Inheritance of Hope Legacy Retreats doubled in 2010 and again in 2011.  To date, 100 families from 33 states have experienced these life-changing events.

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Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Revenue and Expenses

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Balance Sheet

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Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Organizational Statistics

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Chief Executive

Mr. Deric Milligan

Term:

Since May 2007

Chief Executive Profile:

Deric Milligan co-founded Inheritance of Hope and has been involved in every phase of the organization, from the business plan (NYU Business Plan Competition Semifinalist) to the present.  He received an MBA (with distinction) from NYU's Stern School of Business, where he was the Abraham and Julienne Krasnoff Scholar, Stern Scholar, and Beta Gamma Sigma inductee. 
 
Before working with Inheritance of Hope, Milligan was a trumpeter in the West Point Band, where he was responsible for Army football halftime shows.  During his tenure, Milligan performed with the Boston Pops, appeared on 60 Minutes, The Today Show, and Fox Morning News, and performed taps at more than 500 military funerals.

Board Chair

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Board of Directors

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Officers for Fiscal Year

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Highest Paid Employees & Their Compensation

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Program: Legacy Retreats

Budget:
$175,000
Category:
Human Services
Population Served:
Children and Youth (infants - 19 years.)
Adults

Program Description:

Legacy Retreats are four-day, all-expenses-paid experiences for young families who have a parent with a life-threatening illness to help them create memories and build a community of support. Inheritance of Hope provides an opportunity for a distressed family to learn and offers tools to help each member of the family successfully navigate this difficult period in their lives.

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:

Program: Legacy Scholarship

Budget:
$1,000
Category:
Education
Population Served:
Youth/Adolescents only (14 - 19 years)

Program Description:

   

Program Long-Term Success:

Program Short-Term Success:

Program Success Monitored by:

Program Success Examples:


Funding Needs


Volunteer Needs


Request for In-Kind Contributions


News

August 05, 2010

Southwest Airlines Salutes the Inheritance of Hope

Nick Smith and his family recently traveled from Shelton, Washington, to Lake George, New York, to participate in an Inheritance of Hope Legacy Retreat.  Legacy Retreats are four-day, all-expenses-paid experiences for young families who have a parent with a life-threatening illness to help them create memories and build a community of support (see group photo).  Inheritance of Hope provides an opportunity for a distressed family to learn and offers tools to help each member of the family successfully navigate this difficult period in their lives.

Inheritance of Hope Legacy Retreat Fun Group.jpg

Nick is a 41-year-old single father who is living with a brain tumor that has affected his speech, memory, hearing and eyesight.  He's also paralyzed on the right side of his body, leaving him wheelchair-bound.  Nick was joined on the Inheritance of Hope Legacy Retreat by his older brother Ron, who has moved to help care for him; his daughter Raquel (15); and sons Javon (10); and Damon (5).

Smith family prepares to raft.jpg

Southwest Airlines made it possible for the Smith family to fly from Seattle to Albany, N.Y., on Wednesday, June 23rd by donating tickets to Inheritance of Hope.  After resting overnight in an airport hotel and adjusting to Eastern Time, the Smiths were picked up by Inheritance of Hope staff and driven to the Six Flags Great Escape Lodge and Indoor Waterpark in Lake George.  Six Flags partners with Inheritance of Hope through its Six Flags Friends program.

Nick and his family cooled off in the lodge’s indoor waterpark on Thursday afternoon before meeting six other families from around the country who attended the Legacy Retreat.  Following dinner, adults shared time together with a counselor while their children worked through activities and games under the guidance and supervision of a licensed counselor.  “I get choked up when I think about it ... but what you guys have going on is really awesome.  I am so thankful to be a part of it,” shared Ron Smith, Nick’s older brother.
On Friday, a gorgeous day to be outdoors, the Smiths spent time together as a family at the Six Flags Great Escape Theme Park.  On Saturday, they went whitewater rafting on the Sacandaga River (see attached picture).

This proved to be an especially big deal for Nick, who was concerned and even reluctant to participate because the entire right side of his body is paralyzed.  But he was thrilled by the experience, and even more excited to share the joy of that time together with his children and brother. For an afternoon, at least, Nick was not defined or even limited by his illness.

Later Saturday afternoon, Nick recorded a Legacy Video for his children.  Inheritance of Hope set up a recording room and left Nick alone with the camera to share his wisdom, advice, hopes and dreams with his children.  On Saturday night, Nick and Ron spent time alone together while the children hung out with Inheritance of Hope's amazing volunteers at "Kid's Night Out."

SWA employees with Inheritance of Hope families.jpg

Following a closing service on Sunday, the Smith’s returned to Seattle on Southwest Airlines.  Before leaving, Damon said “I wish I could stay here forever.”  Nick added, “The Inheritance of Hope Legacy Retreat was a dream come true for me and my family.  Thanks to Southwest Airlines for helping make it possible.”

About Inheritance of Hope

Inheritance of Hope was founded in by Kristen and Deric Milligan following several years of coping with the challenges of raising three young children while battling a terminal illness. Inheritance of Hope serves young families who have a parent with a life-threatening illness through Legacy Retreats, four day all-expense-paid events for families to make memories and build a community of support.  Since starting in 2007, Inheritance of Hope has hosted families from 18 states at their Legacy Retreats.