Overview
What is Hope Institute?
Hope Institute is a nonprofit organization situated in Jefferson City, Tennessee, with an address at 919 W Jefferson Street. Its primary mission is to positively impact the lives of vulnerable children worldwide by enhancing the care systems they reside in. Specifically, the institute aims to transform the lives of high-risk orphans by improving the quality of care at orphanages globally. This is achieved through the dissemination of evidence-based protocols and methodologies, which have been proven effective through research and practical experience. The Hope Institute, with a workforce of four dedicated individuals, strives to make a tangible difference in the lives of these children, ensuring they receive the care they deserve.
Official website here: www.hopeforovc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Hope Institute has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in key areas of accountability and finance. The organization excels with an impressive 100% independent board, demonstrating a robust governance structure. Additionally, it has a high program expense ratio of 79.23%, suggesting that a significant portion of its funds is directed toward its charitable programs.
While the financial aspects of the organization are commendable, there are some limitations in its administrative policies. Notably, the Hope Institute does not have a whistleblower policy or a document retention and destruction policy in place, which affects its overall accountability score. Despite these gaps, the organization earned a good culture and community score, with perfect feedback metrics, indicating that it actively seeks and utilizes constituent feedback.
Overall, Hope Institute shows strengths in governance and program funding, while also presenting areas for improvement in its policy framework. Addressing these limitations could enhance its overall ratings and further solidify its commitment to transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Institute legitimate?
Hope Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Institute 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: $160,505
Professional Fundraising Fees: $0
Other Salaries and Wages: $205,914
For more financial information, click here
Official website here: www.hopeforovc.org
What is the mission statement of Hope Institute?
The Hope Institute's mission is centered around improving the lives of high-risk orphans and vulnerable children worldwide. They aim to achieve this by enhancing the quality of care at orphanages globally. This is accomplished through the sharing and replication of evidence-based, research-proven protocols and methodologies that have been proven effective. The ultimate goal is to transform the care systems in which these children live, thereby significantly impacting their lives for the better.
Official website here: www.hopeforovc.org
Who is the CEO of Hope Institute?
David Nowell is the Board Member of Hope Institute.
Official website here: www.hopeforovc.org
What is the revenue of Hope Institute?
Hope Institute's revenue in 2022 was $555,894.
Official website here: www.hopeforovc.org
Who are the executives of Hope Institute and what are their salaries?
The average compensation at Hope Institute during 2022 was $91,605. There are 4 employees and 12 volunteers at Hope Institute.
Here are 12 key members and their salaries:
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- Compensation: $124,176
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- Other: $41,536
Official website here: www.hopeforovc.org
Where can I find the form 990 for Hope Institute?
Hope Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopeforovc.org
Learn more at the official website: www.hopeforovc.org
Mission Statement of Hope Institute
The Hope Institute, a nonprofit organization, is committed to transforming the lives of high-risk orphans and vulnerable children worldwide. Their mission is achieved by improving the quality of care at orphanages globally through the sharing and replication of evidence-based protocols and methodologies, which have been proven effective through research and experience. By altering the care systems in which these children reside, Hope Institute aims to positively impact the lives of orphans and vulnerable children, ultimately changing their trajectories for the better.
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Impact
July, 2024
Hope Institute's impact is significant in transforming the lives of high-risk orphans and vulnerable children worldwide. By improving the quality of care at orphanages through the sharing and replication of experience-garnered, research-proven protocols and methodologies, Hope Institute is making a real difference in the lives of these children. Through their philanthropic efforts, Hope Institute is changing the narrative for orphaned and vulnerable children, providing them with a brighter future and a chance for a better life.
This information is meant to be a general summary of Hope Institute. 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: -$18
- Gross Receipts: $570,849
Assets and Liabilities:
- Total Assets: $151,436
- Total Liabilities: $17,420
- Net Assets: $134,016
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Organization Details
Founding Year
2017
Phone
(865) 548-6743Principal Officer
David Nowell
Main Address
919 W JEFFERSON ST, JEFFERSON CITY, TN, 37760
Website
www.hopeforovc.orgNTEE Category
Code: T50 - Philanthropy
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