Fort Worth Hope Center
- Assets
- $607.0k
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Fort Worth, TX
- Founding
- 11/2004
- Data as of
- 12/2023
- EIN
- 01-0801061
Organization Overview
Fort Worth Hope Center is located in Fort Worth, TX. The organization was established in 2004. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Fort Worth Hope Center employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Hope Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Fort Worth Hope Center generated $7.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $7.3m during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FORT WORTH HOPE CENTER IS TO FIGHT HUNGER AND FEED HOPE BY MEETING PEOPLES' IMMEDIATE NUTRITION NEEDS WHILE ALSO HELPING AS MANY AS POSSIBLE TO BECOME SELF-SUFFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD & NECESSITIES DISTRIBUTION: THE FORT WORTH HOPE CENTERS MISSION IS TO FIGHT HUNGER AND FEED HOPE IN THE LIVES OF LOW-INCOME INDIVIDUALS WHO STRUGGLE TO MAKE ENDS MEET AND HAVE ENOUGH FOOD TO FEED THEIR FAMILIES. WE FIGHT HUNGER BY DISTRIBUTING OVER $10 MILLION WORTH OF FOOD EACH YEAR BOTH FROM OUR FACILITY AND THROUGH 40 OTHER ORGANIZATIONS AS THEY ALSO FEED INDIVIDUALS THROUGH THEIR FACILITIES. IN TOTAL, MORE THAN 427,000 FAMILIES WERE SERVED IN 2023. DURING THE THANKSGIVING AND CHRISTMAS HOLIDAYS, EXTRA EFFORT IS MADE TO PROVIDE HOLIDAY FOODS SO OUR FAMILIES CAN HAVE A GREAT MEAL ON THANKSGIVING AND CHRISTMAS. WE MOSTLY PROVIDE FRESH AND FROZEN FOODS GIVING THE FAMILIES HIGH QUALITY AND NUTRITIOUS FOOD.
THE SCHOOL OF HOPE: THE SCHOOL IS A PLACE WHERE UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS CAN GAIN SKILLS TO GET A JOB WORKING IN THE WAREHOUSE INDUSTRY. THE SCHOOLIS EQUIPED WITH 6 DIFFERENT WAREHOUSE MATERIAL HANDLEING MACHINES ON WHICHSTUDENTS CAN RECIEVE OSHA-COMPLIANT TRAINING. MSSC LOGISTICS COURSES ARE ALSO TAUGHT,LEADING TO NATIONALLY RECOGNIZED CLA AND CLT LOGISTICS CERTIFICATIONS. WAREHOUSE JOBSARE PLENTIFUL IN DFW BECAUSE IT IS A MAJOR SHIPPING HUB. THE LOGISTICS COURSES AREAPPROVED THROUGH THE TEXAS WORKFORCE COMMISSION AND OUR CLASSES ARE LISTED ON THESTATE APPROVED TRAINING LIST. THESE CLASSES ARE SUPPORTED THROUGH A VARIETY OFFUNDING SOURCES, INCLUDING DONATIONS BY FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS. SELF-PAYERS ARE ALSO ACCEPTED. 105 PEOPLE RECEIVED TRAINING IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pastor Orlando Reyes President | OfficerTrustee | 20 | $0 |
Robert Ballance Vice President | OfficerTrustee | 10 | $0 |
Attorney Bill Sheetz Secretary | OfficerTrustee | 10 | $0 |
David Honeycutt Treasurer | OfficerTrustee | 10 | $0 |
Cindy Blanco Director | Trustee | 10 | $0 |
Joe Tate Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,146,551 |
| Noncash contributions included in lines 1a–1f | $6,765,384 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,146,551 |
| Total Program Service Revenue | $32,630 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,179,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,771,347 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $355 |
| Payroll taxes | $17,963 |
| Fees for services: Management | $2,564 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,920 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,810 |
| Advertising and promotion | $768 |
| Office expenses | $4,967 |
| Information technology | $20,514 |
| Royalties | $0 |
| Occupancy | $45,274 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $844 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,262 |
| Insurance | $9,277 |
| All other expenses | $0 |
| Total functional expenses | $7,263,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,729 |
| Savings and temporary cash investments | $847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $294,425 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $247,035 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $607,036 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $165,019 |
| Other liabilities | $4,158 |
| Total liabilities | $169,177 |
| Net assets without donor restrictions | $437,859 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $607,036 |