Overview
What is There Is Hope Inc?
There Is Hope Inc, located in Upland, California, is a family-focused nonprofit organization with a mission to provide foster care for children of various ages. They offer educational resources, such as brochures and publications, to support their cause. The organization plays a crucial role in guiding and supervising foster parents, ensuring they can offer the best possible care to the children in their charge. With a dedicated workforce of 24 individuals, They strive to make a positive impact on the lives of these children and their families.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (50%)
There Is Hope Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scores poorly in areas such as governance, with no independent board members and missing essential policies, which raises questions about transparency and oversight.
On a positive note, the charity demonstrates a strong program expense ratio of 90.24%, suggesting a commitment to directing most funds toward its programs rather than administrative costs. Additionally, the financial statements show no material diversion of assets, which reflects integrity in financial management.
However, the lack of standard governance practices, such as a conflict of interest policy and publicly accessible tax documents, highlights considerable limitations. With an 86.79% liabilities to assets ratio, the organization also shows potential financial strain. Overall, while There Is Hope Inc may be effectively utilizing its funds for its programs, critical governance issues require attention for improved trust and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is There Is Hope Inc legitimate?
There Is Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. There Is Hope 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: $126,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $493,741
For more financial information, click here
What is the mission statement of There Is Hope Inc?
There Is Hope Inc, as a family agency, focuses on placing children of various ages into foster homes. Beyond this, they provide educational materials such as publications and brochures for further support. The agency also offers guidance, instructions, and monitoring to the foster parents, ensuring a conducive environment for the children's well-being. Their mission is essentially to facilitate the foster care process, providing necessary resources and support to both the children and their foster parents.
Who is the CEO of There Is Hope Inc?
Unavailable
What is the revenue of There Is Hope Inc?
There Is Hope Inc's revenue in 2022 was $1,983,205.
Who are the executives of There Is Hope Inc and what are their salaries?
The average compensation at There Is Hope Inc during 2022 was $25,823. There are 24 employees at There Is Hope Inc.
Here are 2 key members and their salaries:
- Compensation: $78,000
- Related: $0
- Other: $0
- Compensation: $48,000
- Related: $0
- Other: $0
Where can I find the form 990 for There Is Hope Inc?
There Is Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of There Is Hope Inc
There Is Hope Inc, as a family agency, is committed to placing children of various ages in foster homes. Beyond this, the organization offers educational materials, brochures, and resources to foster parents. Moreover, It provides guidance, direction, and ongoing monitoring to these foster parents, ensuring the well-being and care of the children under their charge. The mission of There Is Hope Inc is to support and empower these families, offering them the tools and resources they need to provide a nurturing and safe environment for the children in their care.
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Impact
July, 2024
There Is Hope Inc's impact can be seen in the lives of children of various ages who are placed in foster homes through their family agency. They provide educational publications, brochures, and guidance to foster parents, ensuring that these children receive the care and support they need. Their work helps create stable and nurturing environments for vulnerable children, positively impacting their well-being and future prospects.
This information is meant to be a general summary of There Is Hope 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: $1,971,388
- Gross Receipts: $1,983,205
Assets and Liabilities:
- Total Assets: $808,243
- Total Liabilities: $701,530
- Net Assets: $106,713
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOSTER CARE REVENUE
Revenue
$1,035,388
UNACCOMPANIED MINORS
Revenue
$936,000
Organization Details
Founding Year
2003
Phone
(909) 982-5050Main Address
299 W FOOTHILL BLVD 111, UPLAND, CA, 91786
NTEE Category
Code: P32 - Human services
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