Overview
What is Children's Hopechest?
Children's Hopechest is a nonprofit organization based in Palmer Lake, Colorado. Their mission, inspired by Christian values, is to empower local leaders and communities in five countries to overcome poverty and provide a self-sufficient future for orphaned and vulnerable children. They foster long-term partnerships between North American Christian communities and these disadvantaged areas, addressing various aspects of poverty such as material, spiritual, emotional, social, economic, and educational needs. The main focus is on nurturing the holistic growth of these children, ensuring their survival, education, and eventual employment, ultimately fostering sustainability and independence. The organization's activities and mission are centered around releasing the potential within these communities, starting with the children themselves. Children's Hopechest employs a team of 20 individuals to carry out its mission.
Official website here: www.hopechest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%
Children's Hopechest has received a Four-Star out of Four Star rating from Charity Navigator, reflecting high standards in accountability and finance. The organization scores particularly well in areas such as independent board membership and financial oversight. With 85% of board members being independent and a strong emphasis on transparency, it demonstrates a commitment to effective governance.
User feedback highlights strong support for the charity's mission and operations. A donor review praises its credibility, referencing its high rating on a respected charity watchdog site. This positive user sentiment aligns with the organization's financial metrics, which show a solid program expense ratio of 81.80%, indicating that a significant portion of funds is directed towards its programs.
While the overall ratings are impressive, the working capital ratio could be improved as it currently stands at 0.20 years. This suggests potential liquidity concerns that may warrant further attention. Nonetheless, the charity's robust financial health and governance practices position it as a trustworthy organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Children's Hopechest legitimate?
Children's Hopechest is a legitimate nonprofit organization registered as a 501(c)(3) entity. Children's Hopechest 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: $302,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,270,950
For more financial information, click here
Official website here: www.hopechest.org
What is the mission statement of Children's Hopechest?
Children's Hopechest, inspired by Christian values, aims to unlock the potential within vulnerable communities, particularly focusing on children. Through the establishment of community-to-community partnerships between North American Christian communities and those in five countries with orphaned and vulnerable children, they strive for transformational, holistic, sustainable, and long-term change. This is achieved by empowering local leaders, equipping partnering communities, addressing the multifaceted causes of poverty, tending to the child's survival, community, education, and employment needs, and ultimately, promoting self-sufficiency. The organization's work also extends to positively impacting the lives of partnering community members through exposure, education, relationships, and service.
Official website here: www.hopechest.org
Who is the CEO of Children's Hopechest?
Ken Sparks is the President And Ceo of Children's Hopechest. The CEO's salary of Children's Hopechest is $158,891 and their total compensation is $182,584.
Official website here: www.hopechest.org
What is the revenue of Children's Hopechest?
Children's Hopechest's revenue in 2023 was $6,414,523.
Official website here: www.hopechest.org
Who are the executives of Children's Hopechest and what are their salaries?
The average compensation at Children's Hopechest during 2023 was $78,683. There are 20 employees and 800 volunteers at Children's Hopechest.
Here are 9 key members and their salaries (Children's Hopechest's CEO's salary is $158,891 and their total compensation is $182,584):
- Compensation: $158,891
- Related: $0
- Other: $23,693
- Compensation: $74,950
- Related: $0
- Other: $30,838
- Compensation: $107,468
- Related: $0
- Other: $12,965
- 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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hopechest.org
Where can I find the form 990 for Children's Hopechest?
Children's Hopechest's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hopechest.org
Learn more at the official website: www.hopechest.org
Mission Statement of Children's Hopechest
Children's Hopechest, inspired by Christ's love, strives to unlock the potential within vulnerable communities, focusing on children as its primary recipients. The organization's mission is to establish long-lasting, relationship-driven partnerships between Christian communities in North America and communities of orphaned and vulnerable children in five different countries. By fostering these partnerships, Children's Hopechest aims to empower local leaders to spread the Gospel, combat poverty, and cultivate self-sufficiency for every child.
In these partnerships, Children's Hopechest encourages the participating communities to engage directly in international development practices, addressing the intricate causes of poverty. The organization addresses various aspects of a child's life, including material, spiritual, emotional, social, economic, and educational needs. By focusing on the child's holistic needs for survival, community, education, and employment, Children's Hopechest aims to help these children thrive within their own cultures.
Furthermore, Children's Hopechest seeks to transform the lives of the partnering communities through exposure, education, and service. By working together, both the children and the partnering communities gain from these relationships, leading to sustainable and independent lives for children and personal growth for community members.
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Impact
October, 2024
Children's HopeChest has a significant impact on vulnerable communities by fostering transformational partnerships between North American churches and communities of orphaned and vulnerable children in five countries. By focusing on holistic and sustainable change, they empower local leaders to address the complex causes of poverty while sharing the Gospel.
Through long-term collaborations, Children's HopeChest equips communities to engage in healthy development practices that prioritize the needs of children. Their efforts address not only material needs but also spiritual, emotional, social, economic, and educational aspects. By tending to the whole child and their environment, they help ensure survival, community, education, and employment opportunities.
Children's HopeChest prioritizes self-sufficiency and sustainability, enabling children and their communities to thrive independently. This approach not only transforms the lives of the children they serve but also enriches the lives of the partnering community members through exposure to new perspectives, education, and the opportunity to serve. The result is a ripple effect of positive change that strengthens entire communities, fostering hope and a brighter future for all involved.
This information is meant to be a general summary of Children's Hopechest. 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.
- Investment Income: $12,985
- Gross Receipts: $6,414,523
Assets and Liabilities:
- Total Assets: $1,493,041
- Total Liabilities: $306,965
- Net Assets: $1,186,076
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Organization Details
Founding Year
1990
Phone
(719) 487-7800Principal Officer
Ken Sparks
Main Address
PO Box 1190, Palmer Lake, CO, 80133
Website
www.hopechest.orgNTEE Category
Code: Q330 - International
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