Hearts With Hope Foundation
- Assets
- $1.7m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Spring, TX
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 20-8411878
Organization Overview
Hearts With Hope Foundation is located in Spring, TX. The organization was established in 2008. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Hearts With Hope Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts With Hope Foundation 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, Hearts With Hope Foundation generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING AND TRAINING FOR TROUBLED AND ABUSED BOYS. FOR THE STATE OF TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING AND TRAINING FOR TROUBLED AND ABUSED BOYS FOR THE STATE OF TEXAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | Trustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,403,525 |
| Investment income | $0 |
| 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 | $1,403,525 |
| 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. | $244,275 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,414 |
| Pension plan accruals and contributions | $13,128 |
| Other employee benefits | $28,791 |
| Payroll taxes | $70,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $14,540 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,879 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,492 |
| Insurance | $35,077 |
| All other expenses | $165,618 |
| Total functional expenses | $1,476,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,797 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,645 |
| 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 | $20,188 |
| Net Land, buildings, and equipment | $1,194,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,600 |
| Total assets | $1,745,827 |
| Accounts payable and accrued expenses | $49,203 |
| 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 | $511,907 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $561,110 |
| Net assets without donor restrictions | $1,184,717 |
| 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 | $1,745,827 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hearts With Hope Foundation has recieved totaling $5,847.
| Awarding Organization | Amount |
|---|---|
Texas Center For Child And Family Studies Austin, TX PURPOSE: PROVIDE ASSISTANCE FOR ADDITIONAL EXPENDITURES RELATED TO COVID-19 VIRUS. | $5,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Behavioral Wellness Centers Inc Ardmore, OK | $12,368,374 | $20,481,854 |
Youth Home Inc Little Rock, AR | $11,673,372 | $14,235,116 |
Family And Child Guidance Centers Dallas, TX | $7,706,569 | $12,795,747 |
Santa Maria Hostel Inc Houston, TX | $4,699,016 | $11,416,732 |
Inspired Behavioral Health Inc Rosenberg, TX | $5,761,942 | $13,253,638 |
High Sky Childrens Ranch Midland, TX | $19,707,547 | $6,571,730 |
Settlement Club Austin, TX | $6,964,165 | $6,077,333 |
Familylink Treatment Services Inc Gonzales, TX | $9,581,340 | $5,658,083 |
Teen Challenge Ranch Of Northwest Arkansas Inc Morrow, AR | $4,647,036 | $4,922,534 |
Burke Foundation Driftwood, TX | $9,445,597 | $5,968,071 |
Garvin County Community Living Center Inc Pauls Valley, OK | $1,977,625 | $4,309,436 |
Magnificat Houses Inc Houston, TX | $4,955,982 | $2,542,729 |