Overview
What is Beacon Of Hope Foster Care Agency Inc?
Beacon Of Hope Foster Care Agency Inc, located in Corpus Christi, Texas, is a nonprofit organization dedicated to providing foster care for children within the foster care system. With a team of seven dedicated individuals, they offer a supportive environment for children in need. The agency's mission is centered around providing essential care and nurturing for these children, ensuring they receive the necessary support during challenging times. The agency's operations are based at 4646 Corona Dr, Corpus Christi, TX 78411.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating
Beacon Of Hope Foster Care Agency Inc has received a rating of 56% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts an entirely independent board and a high program expense ratio of 90.43%, it has notable deficiencies in financial transparency and governance policies. The absence of financial statements and key documents on its website raises questions about its operational transparency.
The organization's accountability is further compromised by missing policies related to whistleblower protections and document retention. Although it demonstrated a material diversion of assets as nonexistent, the liabilities to assets ratio of 136.65% suggests that the agency may be facing financial risks that could impact its long-term sustainability.
In summary, while Beacon Of Hope Foster Care Agency Inc shows strengths in board independence and program expenses, its overall rating reflects serious gaps in financial reporting and governance documentation. Potential donors and stakeholders may want to consider these factors when evaluating the organization’s reliability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Of Hope Foster Care Agency Inc legitimate?
Beacon Of Hope Foster Care Agency Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Of Hope Foster Care Agency 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: $68,959
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,291
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What is the mission statement of Beacon Of Hope Foster Care Agency Inc?
Beacon of Hope Foster Care Agency Inc. is dedicated to providing foster care for children within the foster care system. Their mission is to ensure the well-being and development of these children by offering them a safe and nurturing environment during this challenging period of their lives. The agency strives to provide foster families with the necessary resources and support to effectively care for these children, aiming to make a significant positive impact on their lives. By offering foster care services, Beacon of Hope Foster Care Agency Inc. aims to contribute to the betterment of these children's futures, ultimately helping them to overcome the challenges they face and paving the way for a brighter future.
Who is the CEO of Beacon Of Hope Foster Care Agency Inc?
Adriana Orozco is the President of Beacon Of Hope Foster Care Agency Inc.
What is the revenue of Beacon Of Hope Foster Care Agency Inc?
Beacon Of Hope Foster Care Agency Inc's revenue in 2022 was $897,237.
Who are the executives of Beacon Of Hope Foster Care Agency Inc and what are their salaries?
The average compensation at Beacon Of Hope Foster Care Agency Inc during 2022 was $37,464. There are 7 employees at Beacon Of Hope Foster Care Agency Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $68,958
- Related: $0
- Other: $0
Where can I find the form 990 for Beacon Of Hope Foster Care Agency Inc?
Beacon Of Hope Foster Care Agency Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beacon Of Hope Foster Care Agency Inc
Beacon Of Hope Foster Care Agency Inc is dedicated to providing foster care for children who are part of the foster care system. This nonprofit organization's mission is to offer a nurturing and supportive environment for these children, providing them with a sense of security and stability during a challenging period in their lives. By offering foster care, Beacon Of Hope Foster Care Agency Inc plays a crucial role in ensuring that these children's needs are met and that they receive the care and support they require to thrive. The organization's foster care services are designed to provide a safe and nurturing home environment for children who have been removed from their biological families due to various circumstances. The agency's goal is to help these children heal, grow, and ultimately find permanent homes. In summary, Beacon Of Hope Foster Care Agency Inc is committed to improving the lives of foster children by providing them with high-quality foster care services.
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Impact
July, 2024
Beacon Of Hope Foster Care Agency Inc has a significant impact on providing foster care for children in the foster care system in Corpus Christi, TX. Their work directly impacts the lives of vulnerable children by providing a safe and supportive environment for them to thrive. Through their mission of providing foster care services, they play a crucial role in ensuring the well-being and stability of children who are in need of care and support. The agency's dedication to this cause is evident in the positive outcomes and lasting impact they create for the children they serve.
This information is meant to be a general summary of Beacon Of Hope Foster Care Agency 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.
- Program Service Revenue: $897,237
- Gross Receipts: $897,237
Assets and Liabilities:
- Total Assets: $56,611
- Total Liabilities: $90,795
- Net Assets: -$34,184
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Organization Details
Founding Year
2005
Phone
(361) 334-5357Principal Officer
Adriana Orozco
Main Address
4646 CORONA DR, CORPUS CHRISTI, TX, 78411
NTEE Category
Code: P40 - Human services
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