Overview
What is The Hope Chest Of Pekin Nfp?
The Hope Chest of Pekin NFP is a nonprofit organization situated in Pekin, Illinois. Their primary mission is to assist others in excelling by operating a family-friendly, low-cost thrift store. This store serves as a platform for various life-enhancing experiences, allowing individuals to become their best selves as per God's purpose. The nonprofit's activities include providing essential items at no cost to needy families, recycling, repurposing, or reusing approximately 184,000 pounds of clothing and linens, and distributing bookbags and Christmas gifts to children. The Hope Chest of Pekin NFP employs around 70 individuals, demonstrating its commitment to helping the community.
Official website here: www.thehopechestil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Hope Chest Of Pekin Nfp has received a commendable score of 88%, indicating a strong level of accountability and financial health. The organization boasts a fully independent board, scoring 100% on majority independent board members, and demonstrates solid financial management with a program expense ratio of over 85%. This suggests that a significant portion of their expenditures is directed towards their mission-driven programs.
However, the organization does have some areas that require improvement. Notably, it lacks a whistleblower policy and document retention and destruction policy, which could pose risks regarding transparency and accountability. Additionally, the tax form is not posted on their website, which may affect the accessibility of financial information for potential donors and stakeholders.
Overall, while The Hope Chest Of Pekin Nfp exhibits many strengths in governance and program efficiency, addressing the noted policy gaps could enhance their operational transparency and further bolster donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is The Hope Chest Of Pekin Nfp legitimate?
The Hope Chest Of Pekin Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hope Chest Of Pekin Nfp 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: $52,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $649,366
For more financial information, click here
Official website here: www.thehopechestil.org
What is the mission statement of The Hope Chest Of Pekin Nfp?
The Hope Chest of Pekin NFP aims to assist individuals in excelling in life by operating a family-friendly, low-cost thrift store. This establishment provides numerous opportunities for personal growth, enabling people to fulfill their potential as per God's purpose. The thrift store also offers essential items at no cost to needy families, recycles clothing and linens, and distributes bookbags and Christmas gifts to children.
Official website here: www.thehopechestil.org
What is the revenue of The Hope Chest Of Pekin Nfp?
The Hope Chest Of Pekin Nfp's revenue in 2024 was $1,040,181.
Official website here: www.thehopechestil.org
Who are the executives of The Hope Chest Of Pekin Nfp and what are their salaries?
The average compensation at The Hope Chest Of Pekin Nfp during 2024 was $11,888. There are 59 employees and 70 volunteers at The Hope Chest Of Pekin Nfp.
Here are 12 key members and their salaries:
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Official website here: www.thehopechestil.org
Where can I find the form 990 for The Hope Chest Of Pekin Nfp?
The Hope Chest Of Pekin Nfp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.thehopechestil.org
Learn more at the official website: www.thehopechestil.org
Mission Statement of The Hope Chest Of Pekin Nfp
The Hope Chest of Pekin NFP is dedicated to aiding individuals in their personal growth and fulfillment of their divine potential. They achieve this by operating a family-friendly, low-cost thrift store that offers numerous opportunities for personal development. This thrift store serves as a platform where individuals can find essential items at affordable prices, thereby alleviating financial burdens and allowing them to focus on other aspects of their lives. Moreover, The Hope Chest of Pekin NFP also contributes to the betterment of the global community by recycling, repurposing, or donating approximately 184,000 pounds of clothing and linens.
In addition to its thrift store operations, The Hope Chest of Pekin NFP extends its philanthropic efforts by distributing bookbags and school supplies to over 500 children and providing 290 Christmas gifts to deserving youngsters. This organization's mission goes beyond the transactional aspects of a thrift store, as it aims to uplift and empower individuals, thereby enabling them to become the best versions of themselves, as per God's purpose.
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Impact
July, 2024
The Hope Chest of Pekin NFP has had a significant impact on the community by providing approximately $17,600 worth of items to needy families at no charge. Additionally, they have recycled, repurposed, or reused approximately 184,000 pounds of clothing and linens, contributing to sustainability efforts. The organization has also distributed around 500 backpacks with supplies and 290 Christmas gifts to children in need. Overall, their work has helped improve the lives of individuals and families in Pekin, IL, and their commitment to helping others excel is evident through their various initiatives.
This information is meant to be a general summary of The Hope Chest Of Pekin Nfp. 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 2024.
- Investment Income: $778
- Program Service Revenue: $876,359
- Gross Receipts: $1,040,181
Assets and Liabilities:
- Total Assets: $425,808
- Total Liabilities: $79,738
- Net Assets: $346,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE
Revenue
$876,359
Organization Details
Founding Year
2012
Principal Officer
Laurie Haas
Website
www.thehopechestil.orgNTEE Category
Code: P29 - Human services
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