Overview
What is Hopes Closet Inc?
Hopes Closet Inc, situated in Cincinnati, Ohio, serves as a vital support system for foster and kinship children. As a nonprofit organization, they offer a clothing boutique, educational classes, support groups, family events, and actively work towards recruiting foster parents. Their mission is to provide critical resources and assistance to foster families, thereby enhancing their ability to care for children in need. By offering these comprehensive services, Hopes Closet Inc plays a significant role in strengthening the foster care system and ensuring the well-being of these vulnerable children.
Official website here: www.hopes-closet.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Hopes Closet Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based entirely on its Accountability & Finance score, reflecting strong governance practices, including 100% independent board members and no material diversion of assets. However, the organization lacks certain policies, such as a whistleblower policy and document retention policy, which could enhance its transparency.
User feedback highlights the significant impact Hopes Closet has on foster families, with many clients expressing deep gratitude for the support received. Reviewers describe the organization as a "God Send," providing essential clothing and resources to children entering foster care with little to no belongings. The personal touch of volunteers, particularly in assisting families during challenging times, is frequently praised.
While the organization excels in community support and meets many accountability standards, users noted the absence of specific policies that could improve overall governance. Nevertheless, the strong emotional and practical support provided to families in need has garnered overwhelming positive acclaim, showcasing Hopes Closet's vital role in the foster care community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Hopes Closet Inc legitimate?
Hopes Closet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hopes Closet 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: $36,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,707
For more financial information, click here
Official website here: www.hopes-closet.net
What is the mission statement of Hopes Closet Inc?
Hopes Closet Inc, as a foster care support organization, is committed to delivering essential services to foster and kinship children. This is achieved through various means, including a clothing boutique, educational training classes, support groups, family events, and the recruitment of foster parents. The organization's mission is to provide these critical services, aiming to support both the children and the individuals who care for them. By doing so, Hopes Closet Inc seeks to enhance the lives of foster children and ensure the retention and recruitment of foster parents, thereby fostering a nurturing environment for these children.
Official website here: www.hopes-closet.net
Who is the CEO of Hopes Closet Inc?
Mark Phair is the Executive Director of Hopes Closet Inc.
Official website here: www.hopes-closet.net
What is the revenue of Hopes Closet Inc?
Hopes Closet Inc's revenue in 2022 was $481,719.
Official website here: www.hopes-closet.net
Who are the executives of Hopes Closet Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $36,534
- Related: $0
- Other: $0
- Compensation: $16,365
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hopes-closet.net
Where can I find the form 990 for Hopes Closet Inc?
Hopes Closet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopes-closet.net
Learn more at the official website: www.hopes-closet.net
Mission Statement of Hopes Closet Inc
Hopes Closet Inc, a foster care support organization, is dedicated to providing vital services to foster and kinship children, as well as supporting the recruitment and retention of foster parents. Their mission is achieved through a variety of means, including a clothing boutique, training classes, support groups, and family events. This nonprofit aims to offer essential resources to these children, ensuring they have the necessary clothing and support during challenging times. Furthermore, Hopes Closet Inc is committed to fostering a community of foster parents by providing training classes and support groups, which can help retain and recruit individuals to take on this important role.
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Impact
July, 2024
Hopes Closet Inc's impact can be seen in the positive change it brings to the lives of foster and kinship children, as well as foster parents. By providing clothing and resources to those in need, and offering crucial support services such as training classes, support groups, and family events, Hopes Closet Inc plays a vital role in enriching and strengthening families within the foster care system. Additionally, their efforts in recruiting and retaining foster parents contribute to the overall well-being of children in need of stable and caring homes. This organization's dedication to supporting and serving its community truly makes a difference in the lives it touches.
This information is meant to be a general summary of Hopes Closet 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 2022.
- Gross Receipts: $481,719
Assets and Liabilities:
- Total Assets: $317,909
- Total Liabilities: $12,550
- Net Assets: $305,359
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Organization Details
Founding Year
2017
Principal Officer
Mark Phair
Main Address
9850 Princeton-Glendale Road STE C, Cincinnati, OH, 45246
Website
www.hopes-closet.netNTEE Category
Code: P32 - Human services
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