Overview
What is Hearts With Hope Foundation Inc?
Hearts With Hope Foundation Inc is a nonprofit organization based in Spring, Texas, dedicated to providing housing and training for troubled and abused boys within the state. Their mission involves offering a supportive environment, aiming to empower and rehabilitate these boys. With a team of 14 employees, they strive to provide comprehensive care, focusing on their physical, emotional, and mental well-being. Their services extend to offering training programs to help these boys develop essential life skills and prepare them for a successful future.
Official website here: www.heartswithhopefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: Two-Star out of Four Stars
Hearts With Hope Foundation Inc has received a 65% rating, which reflects a significant focus on accountability and finance. The organization has maintained a strong independent board, with all members being independent, and it has demonstrated a healthy liabilities to assets ratio. Additionally, it allocates a high percentage of its expenses towards programs, indicating efficiency in its financial management.
However, the foundation has notable gaps in transparency, as indicated by missing financial statements and several key policies, including those for conflict of interest and whistleblower protection. These deficiencies contribute to the overall low score in the accountability section, suggesting that while the organization performs well in certain financial aspects, there are areas that require improvement to enhance trust and transparency with donors and stakeholders.
Prospective donors and supporters should consider both the strong performance in program expenses and the weaknesses in financial documentation when evaluating their support for Hearts With Hope Foundation Inc. Addressing these limitations could potentially elevate the organization's standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Hearts With Hope Foundation Inc legitimate?
Hearts With Hope Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearts With Hope Foundation Inc 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: $222,565
Professional Fundraising Fees: $0
Other Salaries and Wages: $895,779
For more financial information, click here
Official website here: www.heartswithhopefoundation.org
What is the mission statement of Hearts With Hope Foundation Inc?
The Hearts With Hope Foundation Inc's mission is centered around providing housing and training for troubled and abused boys. This organization is dedicated to offering a safe and nurturing environment, aiming to help these boys overcome their challenges and rebuild their lives. The foundation's efforts are focused on empowering these boys to regain their confidence and develop the skills necessary for a brighter future. They strive to equip these boys with the tools they need to reintegrate into society and lead fulfilling lives.
Official website here: www.heartswithhopefoundation.org
What is the revenue of Hearts With Hope Foundation Inc?
Hearts With Hope Foundation Inc's revenue in 2023 was $2,487,686.
Official website here: www.heartswithhopefoundation.org
Who are the executives of Hearts With Hope Foundation Inc and what are their salaries?
The average compensation at Hearts With Hope Foundation Inc during 2023 was $46,598. There are 24 employees and 10 volunteers at Hearts With Hope Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $113,013
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $109,552
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.heartswithhopefoundation.org
Where can I find the form 990 for Hearts With Hope Foundation Inc?
Hearts With Hope Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.heartswithhopefoundation.org
Learn more at the official website: www.heartswithhopefoundation.org
Mission Statement of Hearts With Hope Foundation Inc
The Hearts With Hope Foundation Inc, a non-profit organization, is dedicated to providing housing and training for troubled and abused boys. This mission is specifically focused on boys residing within the state of Texas. The Foundation offers a nurturing environment, where these young boys can receive the care, guidance, and education they need to overcome their challenges and rebuild their lives. Through its comprehensive programs, the Foundation aims to empower and transform the lives of these boys, helping them regain their self-worth and confidence, and setting them on a path towards a brighter future.
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Impact
June, 2024
Hearts With Hope Foundation Inc provides housing and training for troubled and abused boys in the state of Texas. Their impact can be seen in the improved mental health and well-being of these boys who have experienced trauma and difficulties. By offering a safe and supportive environment, along with necessary skills training, the organization is helping these boys overcome their challenges and build a better future for themselves.
This information is meant to be a general summary of Hearts With Hope Foundation Inc. 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 2023.
- Program Service Revenue: $2,487,686
- Gross Receipts: $2,487,686
Assets and Liabilities:
- Total Assets: $1,779,386
- Total Liabilities: $560,344
- Net Assets: $1,219,042
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TITLE IV-E GRANT
Revenue
$2,487,686
Organization Details
Founding Year
2007
Principal Officer
Patrick Chapman
NTEE Category
Code: F33 - Mental health
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