Overview
What is The Reason For Our Hope Foundation?
The Reason for Our Hope Foundation, situated in Erie, Pennsylvania, is a nonprofit organization with a mission to propagate the teachings of Jesus Christ. They achieve this mission by organizing conferences, retreats, and selling related media products. Their primary objective, as stated in their mission description, is to "go and make disciples." The foundation also provides Catholic speakers who are effective instruments of this evangelization, furthering their mission through various multimedia resources. With a dedicated workforce of five individuals, they strive to spread the good news of Jesus Christ and his church.
Official website here: www.thereasonforourhope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning a Two-Star out of Four Star rating.
The Reason For Our Hope Foundation has received a 64% rating from Charity Navigator, which indicates a moderate level of accountability and financial health. The organization has shown strong governance with 100% independent board members and well-maintained financial statements. However, it does have some areas needing improvement, particularly in its whistleblower and document retention policies.
While the foundation's liabilities to assets ratio is very low at 0.24%, suggesting a healthy financial position, its program expense ratio is concerning at only 50.48%, which signals that a significant portion of funds may not be directly supporting its programs. This could raise questions among potential donors regarding how effectively their contributions are being utilized for the intended mission.
Overall, while there are positive attributes, such as strong board independence and financial oversight, the missing policies and low program spending highlight significant areas for improvement. Stakeholders may want to consider these factors when evaluating their support and engagement with the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is The Reason For Our Hope Foundation legitimate?
The Reason For Our Hope Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Reason For Our Hope Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $105,530
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,871
For more financial information, click here
Official website here: www.thereasonforourhope.org
What is the mission statement of The Reason For Our Hope Foundation?
The Reason For Our Hope Foundation's mission is centered around fulfilling Christ's command to "go and make disciples." This is achieved through various multimedia resources and by making available Catholic speakers who are powerful instruments of evangelization. The organization spreads the gospel by conducting and providing speakers for conferences and retreats, as well as through the sales of related media products.
Official website here: www.thereasonforourhope.org
Who is the CEO of The Reason For Our Hope Foundation?
Maureen Trabold is the President of The Reason For Our Hope Foundation.
Official website here: www.thereasonforourhope.org
What is the revenue of The Reason For Our Hope Foundation?
The Reason For Our Hope Foundation's revenue in 2022 was $550,938.
Official website here: www.thereasonforourhope.org
Who are the executives of The Reason For Our Hope Foundation and what are their salaries?
The average compensation at The Reason For Our Hope Foundation during 2022 was $34,880. There are 5 employees at The Reason For Our Hope Foundation.
Here are 11 key members and their salaries:
- Compensation: $34,490
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $32,467
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $38,573
- Related: $0
- Other: $0
Official website here: www.thereasonforourhope.org
Where can I find the form 990 for The Reason For Our Hope Foundation?
The Reason For Our Hope Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thereasonforourhope.org
Learn more at the official website: www.thereasonforourhope.org
Mission Statement of The Reason For Our Hope Foundation
The Reason for Our Hope Foundation is a nonprofit organization with a mission to fulfill the command of Christ as stated in Matthew 28:19-20, which is to "go and make disciples." The core objective of this organization is to spread the good news of Jesus Christ and His church. They accomplish this by utilizing various multimedia resources and making Catholic speakers available. These speakers are instrumental in carrying out the evangelization efforts of the foundation. The Reason for Our Hope Foundation achieves its mission by conducting and providing speakers for conferences and retreats, as well as through the sales of related media products.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Reason For Our Hope Foundation impacts lives by spreading the good news of Jesus Christ and his church through various multimedia resources. The organization fulfills the command of Christ to "go and make disciples" by conducting conferences, providing speakers for retreats, and offering sales of related media products. Through these efforts, the foundation effectively evangelizes and brings hope to individuals seeking spiritual guidance and inspiration.
This information is meant to be a general summary of The Reason For Our Hope Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $34
- Program Service Revenue: $112,906
- Gross Receipts: $551,713
Assets and Liabilities:
- Total Assets: $1,130,703
- Total Liabilities: $2,746
- Net Assets: $1,127,957
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPEAKING/MISSION REVEN
Revenue
$87,310
CONFERENCE REVENUE
Revenue
$13,165
RETREAT INCOME
Revenue
$12,431
Organization Details
Founding Year
2004
Phone
(814) 455-7364Principal Officer
Maureen Trabold
Main Address
4506 MILLER AVENUE, ERIE, PA, 16509
Website
www.thereasonforourhope.orgNTEE Category
Code: X22 - Religion related
If you are a representative of The Reason For Our Hope Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.