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Hope Strengthens Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 271653356 ✦ Marblehead, MA ✦ Designated as a 501(c)(3)

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Overview

What is Hope Strengthens Foundation?

Hope Strengthens Foundation is a nonprofit organization that alleviates the financial burdens faced by individuals and families dealing with life-threatening illnesses, disabilities, or recovering from traumatic injuries. Through direct financial assistance, the foundation covers medical bills, specialized treatments, and equipment not fully covered by insurance. The foundation's mission is to offer targeted financial support, ensuring access to essential care for those in need.


Official website here: www.hopestrengthens.org

Is Hope Strengthens Foundation legitimate?

Hope Strengthens Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Strengthens Foundation submitted a form 990EZ, 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.


Official website here: www.hopestrengthens.org

What is the mission statement of Hope Strengthens Foundation?

The Hope Strengthens Foundation focuses on alleviating financial burdens for individuals and families dealing with a life-threatening illness, disability, or recovery from traumatic injuries. Through direct financial support, the organization covers medical bills, specialized equipment, and treatments not fully covered by insurance. The mission is to provide targeted assistance and ease the financial stress for those in need during challenging times. The foundation's efforts aim to improve the quality of life and wellbeing of the beneficiaries, allowing them to focus on their recovery and healing.


Official website here: www.hopestrengthens.org

Who is the CEO of Hope Strengthens Foundation?

Jacob Ferreira is the Executive Director of Hope Strengthens Foundation.


Official website here: www.hopestrengthens.org

What is the revenue of Hope Strengthens Foundation?

Hope Strengthens Foundation's revenue in 2022 was $95,254.


Official website here: www.hopestrengthens.org

Who are the executives of Hope Strengthens Foundation and what are their salaries?


Here are 10 key members and their salaries:


Jacob Ferreira (Executive Director)
  • Compensation: $50,000
  • Related: $0
  • Other: $0
James Fahey (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Merry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kerry Brothers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Cook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Grady (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Steinberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aditya Gangopadhyay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Cullen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Magali Flores Nuez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hopestrengthens.org

Where can I find the form 990EZ for Hope Strengthens Foundation?

Hope Strengthens Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.hopestrengthens.org

Learn more at the official website: www.hopestrengthens.org

Mission Statement of Hope Strengthens Foundation

Hope Strengthens Foundation is a charitable organization that alleviates the financial burdens associated with life-threatening illnesses, disabilities, and traumatic injuries. By directly paying for medical bills, specialized equipment, and treatments that insurance does not fully cover, the Foundation offers crucial support to individuals and families in their time of need. The mission of Hope Strengthens Foundation is geared towards providing targeted financial assistance to those facing significant health challenges or recovering from traumatic injuries. The organization's efforts are focused on strengthening the financial position of its beneficiaries, allowing them to focus on their recovery and well-being rather than being weighed down by financial stress. By bridging the gap between what insurance covers and the actual costs of treatment and care, Hope Strengthens Foundation empowers its recipients to face their health battles with greater ease and confidence.

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Impact




October, 2024

Hope Strengthens Foundation makes a significant impact by alleviating the financial burdens that individuals and families face due to life-threatening illnesses, disabilities, or recovery from traumatic injuries. By directly covering medical bills, specialized equipment, and treatments that insurance does not fully address, the foundation offers crucial support to those navigating difficult health challenges. This targeted financial assistance allows beneficiaries to focus on their recovery and well-being, rather than the stress of mounting medical expenses. In doing so, Hope Strengthens Foundation plays a vital role in enhancing the quality of life for many and helping them regain stability during some of their most challenging times.




This information is meant to be a general summary of Hope Strengthens 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.

Revenue
$95,254 (2022)
Expenses
$127,879 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $113,996

Assets and Liabilities:

  • Total Assets: $139,402
  • Total Liabilities: $0
  • Net Assets: $139,402

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Organization Details

Principal Officer

Jacob Ferreira

Main Address

37R ELM ST, MARBLEHEAD, MA, 01945

NTEE Category

Code: D60 - Animals

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