Overview
What is Hope Chest Inc?
Hope Chest Inc is a nonprofit organization situated in La Grange, Illinois, renowned for operating an upscale thrift shop. The primary purpose of this shop is to generate funds, which are then directed towards Constance Morris House (CMH), a domestic violence shelter that is part of Pillars Community Health. Additionally, the thrift shop's profits are utilized to procure clothing and household items for CMH as necessary and to cover certain utility bills for the shelter. The Constance Morris House serves as an emergency residential shelter, offering refuge for women and children escaping family violence. The shelter can provide shelter to 25 women and children at a time. With a team of 13 dedicated individuals, Hope Chest Inc plays a crucial role in supporting survivors of domestic violence.
Official website here: www.thehopechest.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Hope Chest Inc demonstrates a strong commitment to accountability and finance, as reflected in its 76% score. The charity has a fully independent board with seven members, showcasing a robust governance structure which is essential for transparency and ethical management. Additionally, the organization maintains a low liabilities to assets ratio of 4.68%, indicating solid financial health.
Despite these strengths, there are notable areas for improvement. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy raises concerns about governance practices. While the charity excels in program expenses, dedicating 97.54% of its budget to its programs, enhancing its policy framework would bolster its overall accountability and trustworthiness among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Chest Inc legitimate?
Hope Chest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Chest 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,451
For more financial information, click here
Official website here: www.thehopechest.net
What is the mission statement of Hope Chest Inc?
Hope Chest Inc's mission is centered around supporting Constance Morris House (CMH), a domestic violence shelter, through the operation of an upscale thrift shop. The thrift shop serves dual purposes: it provides financial aid to CMH and utilizes its profits to purchase necessary clothing and household items for the shelter, as well as covering certain utility bills. CMH is an emergency residential shelter that accommodates 25 women and children fleeing from family violence. The overall objective of Hope Chest Inc is to provide essential aid and support to this shelter, thereby contributing to the well-being and safety of vulnerable individuals.
Official website here: www.thehopechest.net
Who is the CEO of Hope Chest Inc?
Catherine A Washburn is the Board Member of Hope Chest Inc.
Official website here: www.thehopechest.net
What is the revenue of Hope Chest Inc?
Hope Chest Inc's revenue in 2023 was $462,063.
Official website here: www.thehopechest.net
Who are the executives of Hope Chest Inc and what are their salaries?
The average compensation at Hope Chest Inc during 2023 was $6,727. There are 13 employees and 75 volunteers at Hope Chest Inc.
Here are 11 key members and their salaries:
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Official website here: www.thehopechest.net
Where can I find the form 990 for Hope Chest Inc?
Hope Chest Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thehopechest.net
Learn more at the official website: www.thehopechest.net
Mission Statement of Hope Chest Inc
Hope Chest Inc, a nonprofit organization, supports the Constance Morris House (CMH), a domestic violence shelter that is part of Pillars Community Health. Through the operation of an upscale thrift shop, Hope Chest raises funds for the shelter. The profits from the thrift shop are not only used to fund the shelter but also to purchase necessary clothing and household items for CMH and to cover certain utility bills. The Constance Morris House serves as an emergency residential shelter for women and children fleeing from family violence, accommodating up to 25 individuals at a time. Hope Chest Inc's mission is to provide financial and material support to this vital shelter, ensuring it can continue to offer a safe haven to those in need.
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Impact
July, 2024
Hope Chest Inc's impact is profound in providing crucial funding and support to the Constance Morris House (CMH), a domestic violence shelter under Pillars Community Health. The organization operates a high-end thrift shop that generates revenue to sustain CMH's operations, including purchasing clothing and household items for residents and covering certain utility bills. By contributing to CMH's mission of offering emergency residential shelter to women and children escaping family violence, Hope Chest Inc plays a vital role in supporting and empowering survivors in their time of need.
This information is meant to be a general summary of Hope Chest 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: $440,176
- Gross Receipts: $462,063
Assets and Liabilities:
- Total Assets: $126,837
- Total Liabilities: $5,944
- Net Assets: $120,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT SHOP
Revenue
$440,176
Organization Details
Founding Year
1994
Phone
(708) 482-0359Principal Officer
Catherine A Washburn
Main Address
305 WEST HILLGROVE AVE, LA GRANGE, IL, 60525
Website
www.thehopechest.netNTEE Category
Code: P29 - Human services
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