Flashes Of Hope Inc
- Assets
- $0.0
- Revenue
- $120.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chagrin Falls, OH
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 04-3648694
Organization Overview
Flashes Of Hope Inc is located in Chagrin Falls, OH. The organization was established in 2002. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flashes Of Hope Inc 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 12/2021, Flashes Of Hope Inc generated $120.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.6%) each year. All expenses for the organization totaled $40.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (42.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Flashes Of Hope Inc has awarded 24 individual grants totaling $4,965,194. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FLASHES OF HOPE RAISES FUNDS TO ACCELERATE A CURE FOR CHILDREN'S CANCER WHILE HONORING THE UNIQUE LIFE AND MEMORIES OF EVERY CHILD FIGHTING CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLASHES OF HOPE IS A NATIONAL NONPROFIT ORGANIZATION THAT CREATES UPLIFTING PORTRAITS OF CHILDREN FIGHTING CANCER AND OTHER LIFE THREATENING ILLNESSES AND RAISES MONEY FOR PEDIATRIC CANCER RESEARCH. FAMILIES PHOTOGRAPHED RECEIVE A GENEROUS PORTRAIT PACKAGE, FREE OF CHARGE. THE PHOTOGRAPHS, TAKEN BY AWARD WINNING PHOTOGRAPHERS, HELP CHILDREN FEEL BETTER ABOUT THEIR CHANGING APPEARANCE BY CELEBRATING IT. FOR FAMILIES OF ILL CHILDREN, IT IS ESPECIALLY IMPORTANT TO HAVE A PORTRAIT THAT PRESERVES FOREVER THE MEMORY, BRAVERY, AND DIGNITY OF THEIR CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Clarke Co-Founder | Trustee | 15 | $0 |
Peter Paras Board Member | Trustee | 1 | $0 |
Mark Nasca Board Member | Trustee | 1 | $0 |
Matthew Friedman Board Member | Trustee | 1 | $0 |
Bob Tull Board Member | Trustee | 1 | $0 |
Jane Price Board Member | Trustee | 1 | $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 | $120,416 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,416 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| 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 | $120,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $11,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $627 |
| Information technology | $4,150 |
| Royalties | $0 |
| Occupancy | $1,847 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,448 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $40,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Flashes Of Hope Inc has awarded $1,000,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S TUMOR FOUNDATION PURPOSE: RESEARCH CO-FUNDING | $600,000 |
BEAR NECESSESITIES PEDIATRIC CANCER FOUNDATION PURPOSE: RESEARCH CO-FUNDING | $60,000 |
ALEX'S LEMONADE STAND PEDIATRIC CANCER FOUNDATION PURPOSE: RESEARCH CO-FUNDING | $290,000 |
CLEVELAND CLINIC FOUNDATION PURPOSE: RESEARCH CO-FUNDING | $50,000 |