Overview
What is Love Builds Hope Foundation?
Love Builds Hope Foundation is a nonprofit organization based in Brownsville, Texas, with a single employee. Initially, their focus was on planning and preparing a comprehensive campaign to raise funds for Catholic parishes, schools, ministries, and agencies within the Diocese of Brownsville. They hired a team and produced campaign materials to achieve this goal, aiming for a transformative impact on the local community. However, due to the COVID-19 pandemic, church gatherings were suspended, and the campaign was put on hold. The foundation then shifted its efforts to raising lead gifts to aid parishes and schools recover from financial losses and support the colonias communities they serve. As a result, the RGV Crisis Response Fund was established, and over $1.3 million has been pledged to it. Overall, Love Builds Hope Foundation supports the spiritual, educational, and social needs of the community through financial contributions to pastoral and charitable work within the Diocese of Brownsville.
Official website here: www.lovebuildshope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Love Builds Hope Foundation has received an 83% rating from Charity Navigator, reflecting a solid performance in the area of Accountability & Finance. This rating is based solely on this category, indicating that the organization emphasizes transparency and responsible financial practices.
The foundation boasts a fully independent board of directors, which is a positive indicator of governance. It has scored top marks in several key areas such as the absence of material diversion of assets and a favorable liabilities-to-assets ratio. The organization also maintains a good program expense ratio, with over 71% of its expenditures directed towards its mission-related activities.
However, there are some limitations in the organization’s policies, particularly regarding the absence of a whistleblower policy and document retention and destruction policies. These gaps may raise concerns about internal controls and governance practices. Overall, while Love Builds Hope Foundation demonstrates strong financial accountability, it could enhance its governance by addressing these missing policies.
This AI summary has been generated from information found on Charity Navigator.
Is Love Builds Hope Foundation legitimate?
Love Builds Hope Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love Builds Hope Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,310
For more financial information, click here
Official website here: www.lovebuildshope.org
What is the mission statement of Love Builds Hope Foundation?
The Love Builds Hope Foundation's primary mission is to financially aid in addressing the spiritual, educational, and social needs of the community. This is accomplished through the procurement and construction of funds, supporting pastoral and charitable work within the geographical area governed by the Catholic Diocese of Brownsville. Initially, the foundation focused on a diocesan campaign with a goal of raising $24 million to sustain and promote various Catholic entities. However, due to the COVID-19 pandemic, the foundation shifted its focus to raising lead gifts for parishes and schools to help them recover from income loss and meet community needs. The foundation has successfully raised over $1.3 million towards this new priority, demonstrating its commitment to the well-being of the community.
Official website here: www.lovebuildshope.org
Who is the CEO of Love Builds Hope Foundation?
Jack Graham is the Chairperson of Love Builds Hope Foundation.
Official website here: www.lovebuildshope.org
What is the revenue of Love Builds Hope Foundation?
Love Builds Hope Foundation's revenue in 2022 was $532,501.
Official website here: www.lovebuildshope.org
Who are the executives of Love Builds Hope Foundation and what are their salaries?
The average compensation at Love Builds Hope Foundation during 2022 was $45,310. There is 1 employee at Love Builds Hope Foundation.
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Official website here: www.lovebuildshope.org
Where can I find the form 990 for Love Builds Hope Foundation?
Love Builds Hope Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lovebuildshope.org
Learn more at the official website: www.lovebuildshope.org
Mission Statement of Love Builds Hope Foundation
The Love Builds Hope Foundation is an organization dedicated to financially supporting the spiritual, educational, and social needs of the community. Its mission is carried out through the procurement and construction of funds for the preservation and promotion of pastoral and charitable work within the geographical area covered by the Catholic Diocese of Brownsville. The foundation initially focused on strategic planning and preparation for a comprehensive diocesan campaign with a goal to raise $24 million to sustain and promote Catholic parishes, missions, schools, ministries, and agencies. A campaign team was established and trained to animate the campaign, resulting in new hires and contracted staff from Greater Mission. However, due to the COVID-19 pandemic, churches were closed, and the campaigns had to be suspended. The Love Builds Hope Foundation then pivoted its efforts to raising lead gifts for the new priority of helping its parishes and schools recover from a significant income loss and meet the needs of the communities they serve. The RGV Crisis Response Fund was established, and over $1.3 million has already been pledged towards it, despite the challenging economic conditions in the Rio Grande Valley and the need to conduct most solicitations through online group events via Zoom.
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Impact
July, 2024
The Love Builds Hope Foundation has had a significant impact on the community by financially supporting spiritual, educational, and social needs. Their work involves raising funds to sustain and promote Catholic parishes, schools, ministries, and agencies within the Diocese of Brownsville. Despite challenges such as the COVID-19 pandemic, the foundation has adapted its focus to address the immediate needs of its parishes and schools, particularly in communities facing economic struggles. Through initiatives like the RGV Crisis Response Fund, the foundation has raised over $1.3 million to help these communities recover and thrive. This commitment to serving others has positioned the Diocese of Brownsville for long-term success in its mission to support and uplift the region.
This information is meant to be a general summary of Love Builds Hope Foundation. 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: $532,501
Assets and Liabilities:
- Total Assets: $289,547
- Total Liabilities: $319,063
- Net Assets: -$29,516
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Organization Details
Founding Year
2019
Phone
(956) 541-4914Principal Officer
Jack Graham
Main Address
1910 EAST UNIVERSITY BLVD, BROWNSVILLE, TX, 78521
Website
www.lovebuildshope.orgNTEE Category
Code: X22 - Religion related
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