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Hope Factory Inc

The Hope Factory

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

EIN: 453788384 ✦ Cherokee, TX ✦ Designated as a 501(c)(3)

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Overview

What is Hope Factory Inc?

Hope Factory Inc is a nonprofit organization committed to breaking the cycle of poverty. They specialize in assisting disadvantaged, orphaned, and vulnerable children, empowering them to lead fulfilling lives. By recognizing their inherent skills and talents, Hope Factory encourages these children to become self-sufficient individuals. Ultimately, their goal is to inspire these children to contribute positively to their communities. The organization's mission is carried out through various activities, although the specifics are not provided in the given information.


Official website here: www.thehopefactory.us

Is Hope Factory Inc legitimate?

Hope Factory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Factory 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: $0

For more financial information, click here


Official website here: www.thehopefactory.us

What is the mission statement of Hope Factory Inc?

Hope Factory Inc's mission is centered around breaking the cycle of poverty. By providing resources and opportunities, the organization seeks to empower disadvantaged, orphaned, and vulnerable children. Their goal is to help these children discover and utilize their inherent talents, ultimately enabling them to contribute positively to their communities.


Official website here: www.thehopefactory.us

Who is the CEO of Hope Factory Inc?

Mary Catherine Holley is the President of Hope Factory Inc.


Official website here: www.thehopefactory.us

What is the revenue of Hope Factory Inc?

Hope Factory Inc's revenue in 2022 was $83,388.


Official website here: www.thehopefactory.us

Who are the executives of Hope Factory Inc and what are their salaries?


Here are 7 key members and their salaries:


Mary Catherine Holley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Holley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Emerson May (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Shanklin (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Black (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Upham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Upham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.thehopefactory.us

Where can I find the form 990 for Hope Factory Inc?

Hope Factory Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thehopefactory.us

Learn more at the official website: www.thehopefactory.us

Mission Statement of Hope Factory Inc

Hope Factory Inc, a nonprofit organization, strives to break the cycle of poverty for disadvantaged, orphaned, and other vulnerable children. By equipping these children with essential skills and recognizing their inherent abilities, the Hope Factory empowers them to lead fulfilling lives and contribute positively to their communities. Their mission is grounded in the belief that every child has a divine purpose and talent, which, when nurtured, can lead to a life of productivity and selflessness.

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Impact




October, 2024

Hope Factory Inc has a significant impact on the lives of disadvantaged, orphaned, and vulnerable children in Cherokee, TX, and beyond. By equipping these children with essential skills and opportunities, the organization addresses the root causes of poverty and empowers individuals to lead productive lives.

Through its programs, Hope Factory Inc helps children discover and develop their unique gifts and talents, fostering personal growth and confidence. This empowerment enables them not only to uplift themselves but also to contribute positively to their communities, thereby creating a ripple effect of positive change. The commitment to breaking the cycle of poverty helps to foster a new generation that is equipped to overcome challenges and support one another, ensuring a brighter future for all involved.




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

Revenue
$83,388 (2022)
Expenses
$63,795 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $83,388

Assets and Liabilities:

  • Total Assets: $47,430
  • Total Liabilities: $0
  • Net Assets: $47,430

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Organization Details

Founding Year

2011

Principal Officer

Mary Catherine Holley

Main Address

PO BOX 10, CHEROKEE, TX, 76832

NTEE Category

Code: Q33 - International

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