Mothers Hope Foundation
- Assets
- $875.4k
- Revenue
- $222.3k
- Investments
- $840.6k
- Employees
- 2
- Location
- Pittsburgh, PA
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 25-1810968
Organization Overview
Mothers Hope Foundation is located in Pittsburgh, PA. The organization was established in 2002. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2021, Mothers Hope Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mothers 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, Mothers Hope Foundation generated $222.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $124.7k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EASE THE SUFFERING OF SICK ADN DISADVANTAGED CHILDREN IN BOTH PENNSYLVANIA AND IN BOSNIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EASE THE SUFFERING OF SICK AND DISADVANTAGED CHILDREN BY CONDUCTING FUNDRAISERS AND FORWARDING THE NET PROCEEDS TO NON-RELATED CHARITABLE ORGANIZATIONS WHO PROVIDE FOR THE IMMEDIATED NEEDS OF SUCH CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine M Howe Executive Di | Officer | 16 | $20,000 |
Chelsea H Farrell Director | Trustee | 1 | $6,000 |
James J Howe Treasurer | Officer | 1 | $0 |
J Christopher Howe Director | Trustee | 1 | $0 |
Andy Wisniewski Director | Trustee | 1 | $0 |
Anthony Capriotti Director | 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 | $2,782 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,782 |
| Total Program Service Revenue | $0 |
| Investment income | $16,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,537 |
| Net Income from Fundraising Events | $2,829 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $21,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,272 |
| Fees for services: Other | $0 |
| Advertising and promotion | $986 |
| Office expenses | $371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,346 |
| 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 | $0 |
| Insurance | $749 |
| All other expenses | $201 |
| Total functional expenses | $124,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,447 |
| Savings and temporary cash investments | $5,825 |
| 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 | $1,221 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,296 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $840,630 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $875,419 |
| 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 | $1,516 |
| Total liabilities | $1,516 |
| Net assets without donor restrictions | $873,903 |
| 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 | $875,419 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mothers Hope Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Kathryn J Dinardo Tr Fund Pittsburgh, PA PURPOSE: ASSISTANCE TO FAMILIES WITH CANCER | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hearthstone Senior Communities Inc Bala Cynwyd, PA | $23,952,064 | $83,448,118 |
University Of Maryland Faculty Physicians Inc Baltimore, MD | $357,134,333 | $108,138,580 |
Albert Einstein Healthcare Network Philadelphia, PA | $101,892,525 | $75,155,441 |
Northwell Health Foundation Westbury, NY | $461,901,470 | $139,689,097 |
Penn Highlands Healthcare Dubois, PA | $174,985,367 | $81,650,655 |
Good Shepherd Rehabilitation Network Allentown, PA | $439,427,307 | $71,655,842 |
Catholic Health System Of Long Island Rockville Centre, NY | $580,308,381 | $30,450,419 |
Elizabeth Gamble Deaconess Home Association Cincinnati, OH | $1,636,339,650 | $77,696,826 |
United Breast Cancer Foundation Inc Huntington, NY | $11,258,240 | $32,891,411 |
Johns Hopkins Hospital Endowment Fund Incorporated Baltimore, MD | $745,035,781 | $11,088,977 |
Cancer Research Fund Of The Damon Runyon-Walter Winchell Foundation New York, NY | $175,580,654 | $20,562,891 |
Doylestown Health Foundation Doylestown, PA | $88,236,207 | $10,269,180 |