HOPEworldwide FinancialsSep 2nd, 2010 | By admin | Category: Affidavit, Apology, Documents, Finances, Hope Worldwide World Sector, World Sector
April 15, 2003 – Bob Gempel sends a confidential memo to disciples of the International Churches of Christ
“In my discussions with church leaders in recent weeks, I’ve learned that from a financial perspective, the corporate operation of HOPEworldwide is a mystery. They tell me that they have no idea how their money is being used and that, in the absence of feedback, it is becoming increasingly difficult to justify continued support….I deeply apologize for having taken you and your tremendous sacrifices for granted and want to communicate that HOPEworldwide is committed to changing our relationship with you.”
May 16, 2003 – Bob Gempel admitted that 100% of the money collected from ICOC churches never went to help the poor. It was ALL used for salaries and administrative overhead.
“Mr. Gempel explained that HOPE collected funds from all ICOC churches through what was known as a Management Fee. This fee was 4% of each churches local budget. He explained that various churches would collect this fee from their individual members in various methods, from annual fund-raising events, weekly Poor Contributions, or through a line-item budget entry. HOPE considered this collection taken from the ICOC churches to be “unrestricted” donations.
Mr. Gempel explained the meaning of “unrestricted” versus “restricted” funds with HOPE. Restricted funds were to be used for specific programs within HOPE, unrestricted funds were used for salary and administrative overhead. HOPE would then solicit donations from corporations and promised these corporate donors that 100% of their donation would go to fund specific programs because the administrative costs were covered by the ICOC donations, therefore making it more attractive to the corporate donor. He mentioned that by doing this, HOPE was actually able to raise seven times the amount raised from the ICOC “seed” money.”
A list of various HOPEworldwide documents including 990 and Annual Reports.
2007 – HOPEworldwide 990
2006 – HOPEworldwide 990
2005 – HOPEworldwide 990
2005 – HOPEworldwide Newsletter
2004 – HOPEworldwide 990
2004 – HOPE Annual Report
2003 – HOPE worldwide 990
2003 – HOPE Annual Report
2002 – HOPEworldwide 990
2002 – HOPEworldwide Annual Report
2001 – HOPE worldwide 990
2001 – HOPEworldwide Annual Report
2000 – HOPEworldwide 990
1998 – HOPEworldwide 990
1997 – HOPEworldwide 990