Overview
What is Services Of Hope Entities Inc Services Of Hope?
Services of Hope Entities Inc, specifically Services of Hope, is a nonprofit organization situated in Dallas, Texas. With a focus on underserved and under-resourced communities, their mission is to uplift low to moderate income students and their families through faith-based educational programs and services. They have a dedicated workforce of 17 individuals, all committed to making a positive impact in these communities. Their activities are centered around providing transformative educational opportunities that aim to improve the lives of those in need.
Official website here: www.servicesofhope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star Rating
Services Of Hope Entities Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 66%. This rating indicates that while the organization has strengths in certain accountability and finance areas, there are significant concerns regarding its financial health, particularly the high liabilities to assets ratio, which stands at 113.98%.
The organization demonstrates solid governance practices, with a fully independent board of directors and sound policies in place, including conflict of interest and whistleblower policies. Additionally, it has a program expense ratio of 85.36%, which suggests a significant portion of its funds is directed towards its programs rather than administrative costs. This is a positive sign for potential donors looking for effective use of their contributions.
However, the high liabilities to assets ratio raises red flags about the organization’s financial stability and sustainability. While the accountability practices are commendable, the financial concerns may warrant caution for those considering support. Overall, potential donors should weigh both the strengths and limitations before making a decision.
This AI summary has been generated from information found on Charity Navigator.
Is Services Of Hope Entities Inc Services Of Hope legitimate?
Services Of Hope Entities Inc Services Of Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Services Of Hope Entities Inc Services Of Hope 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: $209,009
Professional Fundraising Fees: $0
Other Salaries and Wages: $408,527
For more financial information, click here
Official website here: www.servicesofhope.org
What is the mission statement of Services Of Hope Entities Inc Services Of Hope?
The mission of Services of Hope Entities Inc, commonly known as Services of Hope, is centered around transforming the lives of low to moderate income students and their families. This is achieved through the implementation of faith-based educational programs and services in underserved and under-resourced communities. The organization's primary goal is to offer these life-changing opportunities to individuals who may not otherwise have access to such resources. Services of Hope strives to make a significant impact in these communities, aiming to uplift and empower both the students and their families.
Official website here: www.servicesofhope.org
Who is the CEO of Services Of Hope Entities Inc Services Of Hope?
Daniel B Prescott Jr is the President/Ceo of Services Of Hope Entities Inc Services Of Hope. The CEO's salary of Services Of Hope Entities Inc Services Of Hope is $138,462 and their total compensation is $138,462.
Official website here: www.servicesofhope.org
What is the revenue of Services Of Hope Entities Inc Services Of Hope?
Services Of Hope Entities Inc Services Of Hope's revenue in 2022 was $1,677,107.
Official website here: www.servicesofhope.org
Who are the executives of Services Of Hope Entities Inc Services Of Hope and what are their salaries?
The average compensation at Services Of Hope Entities Inc Services Of Hope during 2022 was $36,326. There are 17 employees and 10 volunteers at Services Of Hope Entities Inc Services Of Hope.
Here are 9 key members and their salaries (Services Of Hope Entities Inc Services Of Hope's CEO's salary is $138,462 and their total compensation is $138,462):
- Compensation: $138,462
- Related: $0
- Other: $0
- Compensation: $70,547
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.servicesofhope.org
Where can I find the form 990 for Services Of Hope Entities Inc Services Of Hope?
Services Of Hope Entities Inc Services Of Hope's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.servicesofhope.org
Learn more at the official website: www.servicesofhope.org
Mission Statement of Services Of Hope Entities Inc Services Of Hope
Services of Hope Entities Inc, a nonprofit organization, is committed to transforming the lives of low-income students and their families in underserved and under-resourced communities. Their mission is centered around providing proven faith-based educational programs and services. This nonprofit organization aims to make a significant impact in these communities by offering its resources to help improve the lives of those who are in need. Through their programs and services, Services of Hope Entities Inc seeks to uplift and empower individuals and families, offering them the opportunity to break the cycle of poverty and build better futures for themselves.
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Impact
October, 2024
Services Of Hope Entities Inc has a profound impact on low to moderate income students and their families in underserved and under-resourced communities. By implementing proven faith-based educational programs, they address critical gaps in educational access and resources. Their initiatives not only enhance academic performance but also foster personal growth, resilience, and a sense of community among the participants.
Through workshops, mentoring, and support services, Services of Hope cultivates an environment where students can thrive academically and personally. They empower families by providing them with the tools and resources necessary for success, creating a ripple effect that uplifts entire communities. This multifaceted approach contributes to breaking the cycle of poverty, instilling hope, and enabling sustainable growth and development for future generations.
This information is meant to be a general summary of Services Of Hope Entities Inc Services Of Hope. 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: $681
- Program Service Revenue: $1,193,983
- Gross Receipts: $1,677,107
Assets and Liabilities:
- Total Assets: $704,308
- Total Liabilities: $802,805
- Net Assets: -$98,497
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service Fees
Revenue
$1,193,983
Organization Details
Founding Year
2004
Phone
(214) 276-0235Principal Officer
Daniel B Prescott Jr
Main Address
P O Box 227252, Dallas, TX, 75222
Website
www.servicesofhope.orgNTEE Category
Code: O50 - Youth development
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