Overview
What is Hope Cottage Inc?
Hope Cottage Inc, founded in 1918, is a reputable nonprofit organization based in Dallas, Texas. With a mission to transform lives with the love of family, Hope Cottage provides essential services such as adoption, foster care, education, and parenting support. They collaborate with the Texas Department of Family & Protective Services to screen and verify families, offering foster care for children aged 0-17 who have been removed due to neglect or abuse. In the year 2022, Hope Cottage placed 29,202 children in foster homes, welcomed 1,920 new foster families, and provided 3,368 days of care for foster children. The organization's vision is to ensure a safe, loving family for everyone. Additionally, Hope Cottage supports biological, adoptive, and foster parents in creating nurturing homes for their children, providing education to help youth develop healthy relationships. With a dedicated workforce of 33 individuals, Hope Cottage is committed to making a profound impact on families' lives.
Official website here: www.hopecottage.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Hope Cottage Inc has received an 81% rating from Charity Navigator, indicative of a generally strong performance in accountability and finance as well as leadership and adaptability. With a score of 96 in accountability and finance, the organization demonstrates robust financial health and responsible management practices, including a fully independent board of 11 members. The program expense ratio of 75.08% reflects a commitment to channeling funds into programs that fulfill its mission.
However, the organization's impact and measurement score of 65 highlights some areas for improvement in evaluating its effectiveness and outcomes. While Hope Cottage has structured policies in place such as a conflict of interest policy and a whistleblower policy, the lower score in impact evaluation suggests that the charity could benefit from enhancing its methods of assessing the long-term effects of its services. Overall, while the charity is performing well in governance and financial management, there is an opportunity for growth in measuring and demonstrating its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Cottage Inc legitimate?
Hope Cottage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Cottage 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: $264,126
Professional Fundraising Fees: $0
Other Salaries and Wages: $788,748
For more financial information, click here
Official website here: www.hopecottage.com
What is the mission statement of Hope Cottage Inc?
Hope Cottage Inc's mission is centered around transforming lives with the love of family. This is achieved through adoption, foster care, education, and parenting support. Their vision is to provide a safe and loving family for everyone. The organization supports biological, adoptive, and foster parents in creating nurturing homes for their children. Additionally, Hope Cottage Inc provides education to youth to help them develop healthy relationships. In the realm of foster care, they collaborate with the Texas Department of Family & Protective Services to screen and verify families, providing foster care for children who have been removed from their birth parents due to neglect or abuse. They monitor the progress of the children and offer support to foster parents through home visits and telephone contact. In 2022, they placed 29,202 children in foster homes, welcomed 1,920 new foster families, and provided 3,368 days of care for foster children. Furthermore, 9 children were adopted by their foster parents during the same year.
Official website here: www.hopecottage.com
Who is the CEO of Hope Cottage Inc?
Stephanie Bohan is the Ceo of Hope Cottage Inc. The CEO's salary of Hope Cottage Inc is $12,608 and their total compensation is $13,923.
Official website here: www.hopecottage.com
What is the revenue of Hope Cottage Inc?
Hope Cottage Inc's revenue in 2022 was $1,632,610.
Official website here: www.hopecottage.com
Who are the executives of Hope Cottage Inc and what are their salaries?
The average compensation at Hope Cottage Inc during 2022 was $31,905. There are 33 employees and 24 volunteers at Hope Cottage Inc.
Here are 15 key members and their salaries (Hope Cottage Inc's CEO's salary is $12,608 and their total compensation is $13,923):
- Compensation: $110,865
- Related: $0
- Other: $231
- Compensation: $90,050
- Related: $0
- Other: $2,874
- Compensation: $44,667
- Related: $0
- Other: $1,516
- Compensation: $12,608
- Related: $0
- Other: $1,315
- Compensation: $0
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- Other: $0
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- Other: $0
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Official website here: www.hopecottage.com
Where can I find the form 990 for Hope Cottage Inc?
Hope Cottage Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hopecottage.com
Learn more at the official website: www.hopecottage.com
Mission Statement of Hope Cottage Inc
Hope Cottage Inc, established in 1918, is dedicated to transforming lives through the power of family. Their mission, expressed in the third person, is to provide support for biological, adoptive, and foster parents, enabling them to create nurturing homes for their children. The organization extends its reach further by offering educational programs to youth, teaching them essential skills for building healthy relationships.
At the heart of Hope Cottage Inc's mission is its commitment to foster care services. The nonprofit collaborates with the Texas Department of Family & Protective Services to evaluate and approve families who can provide a safe and loving environment for children, aged 0 to 17, who have been removed from their birth parents due to neglect or abuse. Hope Cottage Inc closely monitors the progress of these children and offers ongoing support to foster parents through regular home visits and telephone contact. In 2022, the organization successfully placed 29,202 children in foster homes and welcomed 192 new foster families into its network, providing a total of 3,368 days of care for these vulnerable children.
In addition to foster care services, Hope Cottage Inc also plays a significant role in the adoption process. The organization supports birth parents and adoptive families throughout this life-changing journey, offering guidance and resources to ensure a successful adoption. In 2022, Hope Cottage Inc facilitated the adoption of 9 children by their foster parents, contributing to the creation of loving, permanent families for these children. By combining its foster care and adoption services with educational programs and parenting support, Hope Cottage Inc is truly dedicated to transforming lives with the love of family.
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Impact
July, 2024
Hope Cottage Inc's impact is significant in transforming lives through adoption, foster care, education, and parenting support. They provide vital services, such as screening and verifying families to offer foster care for children who have been removed from their birth parents due to neglect and/or abuse. In 2022 alone, they placed 292 children in foster homes, welcomed 192 new foster families, and provided 3,368 days of care for foster children. Additionally, 9 children were adopted by foster parents in that year. Hope Cottage's dedication to creating safe and loving families for everyone demonstrates their profound commitment to improving the lives of children and families in Dallas, Texas.
This information is meant to be a general summary of Hope Cottage 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.
- Investment Income: $225,746
- Program Service Revenue: $560,869
- Gross Receipts: $2,300,950
Assets and Liabilities:
- Total Assets: $8,528,161
- Total Liabilities: $190,317
- Net Assets: $8,337,844
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$560,869
Organization Details
Founding Year
1922
Phone
(214) 526-8721Principal Officer
Stephanie Bohan
Main Address
PO BOX 140459, DALLAS, TX, 75214
Website
www.hopecottage.comNTEE Category
Code: P31Z - Human services
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