Overview
What is The Hope Effect?
The Hope Effect is a nonprofit organization, headquartered in Peoria, Arizona, dedicated to revolutionizing the way orphans are cared for globally. They specialize in implementing innovative family-based solutions, such as family-style care, which offers each child a chance to flourish and thrive within a loving family environment. By working in partnership with the government, they have established the first nonprofit in Sonora, Mexico, approved to provide family-style care, helping children leave orphanages and join loving families. The Hope Effect recruits, assesses, and trains families, assists with child placements, and offers meaningful follow-ups to families who welcome children into their homes. With a small team of three dedicated individuals, this organization strives to make a significant impact in the lives of orphans.
Official website here: www.hopeeffect.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating.
The Hope Effect has achieved an impressive score of 95%, indicating a high level of trustworthiness and efficiency in its operations. The rating reflects strong performance in areas of accountability and finance, with a score of 96%. Key strengths include a fully independent board and transparency in financial reporting, showcasing the organization's commitment to responsible governance.
In addition to its financial health, The Hope Effect excels in leadership and adaptability, scoring a perfect 100%. This suggests that the organization is not only effective in its current operations but is also well-prepared to respond to changing circumstances and challenges in the nonprofit landscape. Their investment in leadership development is particularly highlighted, signaling a focus on long-term growth and sustainability.
However, while the organization has a high accountability score, its lower ratings in leadership and culture suggest there may be areas for improvement. Despite this, the overall financial and operational metrics indicate that The Hope Effect is a reliable and impactful nonprofit that effectively allocates resources towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Hope Effect legitimate?
The Hope Effect is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hope Effect 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: $101,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,494
For more financial information, click here
Official website here: www.hopeeffect.com
What is the mission statement of The Hope Effect?
The Hope Effect is a nonprofit organization committed to revolutionizing the way the world cares for orphans. They achieve this by implementing innovative family-based solutions. Their mission is to provide each child with an opportunity to flourish and thrive in a family environment. Through family-style care, they aim to help children transition out of orphanages and into loving families. The organization recruits, evaluates, and trains families to provide care, assists with child placement, and offers meaningful follow-up to families who welcome children into their homes. In summary, The Hope Effect strives to improve the lives of orphans by promoting family-based care solutions.
Official website here: www.hopeeffect.com
Who is the CEO of The Hope Effect?
Joseph Darago is the Executive Director of The Hope Effect. The CEO's salary of The Hope Effect is $0 and their total compensation is $0.
Official website here: www.hopeeffect.com
What is the revenue of The Hope Effect?
The Hope Effect's revenue in 2022 was $540,955.
Official website here: www.hopeeffect.com
Who are the executives of The Hope Effect and what are their salaries?
The average compensation at The Hope Effect during 2022 was $51,060. There are 3 employees and 7 volunteers at The Hope Effect.
Here are 7 key members and their salaries (The Hope Effect's CEO's salary is $0 and their total compensation is $0):
- Compensation: $98,300
- Related: $0
- Other: $3,385
- 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.hopeeffect.com
Where can I find the form 990 for The Hope Effect?
The Hope Effect's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopeeffect.com
Learn more at the official website: www.hopeeffect.com
Mission Statement of The Hope Effect
The Hope Effect is a nonprofit organization that aims to revolutionize the way the world cares for orphans by implementing innovative family-based solutions. It facilitates family-style care, offering each child the opportunity to flourish and thrive in a nurturing family environment. This mission is carried out by establishing partnerships with governments and implementing family-style care programs, helping children transition from orphanages into loving family homes. In Sonora, Mexico, The Hope Effect was the first nonprofit to receive government approval for such a program. They recruit, evaluate, and train families to provide care, assist with child placement, and offer meaningful follow-up support to families who welcome children into their homes. The organization's goal is to provide a family environment for these children, fostering their growth and well-being.
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Impact
July, 2024
The Hope Effect is revolutionizing how orphans are cared for by implementing innovative family-based solutions. Their Sonora Family-Style Care Program in Mexico is the first of its kind to receive government approval, focusing on transitioning children out of orphanages and into loving families. By recruiting, evaluating, and training families to provide care, as well as offering ongoing support, The Hope Effect is making a significant impact on creating a nurturing environment for children to flourish and thrive.
This information is meant to be a general summary of The Hope Effect. 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: $665
- Gross Receipts: $550,369
Assets and Liabilities:
- Total Assets: $331,912
- Total Liabilities: $8,788
- Net Assets: $323,124
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Organization Details
Founding Year
2014
Phone
(623) 341-8342Principal Officer
Joseph Darago
Main Address
12123 W ASHBY DR, PEORIA, AZ, 85383
Website
www.hopeeffect.comNTEE Category
Code: P30 - Human services
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