Love Hope Strength Inc
- Assets
- $229.7k
- Revenue
- $195.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 02/2008
- Data as of
- 06/2022
- EIN
- 26-0528852
Organization Overview
Love Hope Strength Inc is located in Austin, TX. The organization was established in 2008. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love Hope Strength 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 06/2022, Love Hope Strength Inc generated $195.8k 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 (15.6%) each year. All expenses for the organization totaled $135.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (20.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LHS IS AN INTERNATIONAL MUSIC-CENTRIC CANCER CHARITY DEDICATED TO ADDING POTENTIAL DONORS TO THE INTERNATIONAL MARROW DATABASE AND BUILDING CANCER TREATMENT CENTERS IN OFT OVERLOOKED THIRD WORLD LOCATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE BUILD INTERNATIONAL MARROW DATABASES BY HOSTING BONE MARROW DRIVES AT GLOBAL MUSIC-CENTRIC EVENTS, ENCOURAGING PEOPLE TO "GET ON THE LIST" WE RAISE FUNDING AND AWARENESS OF OVERLOOKED CANCER TREATMENT CENTERS VIA HIKES AND CLIMBS AS WELL AS CONCERT EVENTS
OTHER MISCELLANEOUS EXEMPT FUNCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Chippendale Chairman | OfficerTrustee | 5 | $0 |
Elliot Berke Director | Trustee | 5 | $0 |
Jules Peters Director | Trustee | 5 | $0 |
Mike Peters Director | Trustee | 5 | $0 |
Richard Rees Director | 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 | $195,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,664 |
| Total Program Service Revenue | $0 |
| 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 | $100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| 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 | $0 |
| 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 | $4,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,513 |
| Advertising and promotion | $0 |
| Office expenses | $1,527 |
| Information technology | $4,376 |
| Royalties | $0 |
| Occupancy | $1,479 |
| 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 | $0 |
| Insurance | $4,295 |
| All other expenses | $60 |
| Total functional expenses | $135,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,684 |
| 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 | $229,684 |
| 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 | $229,684 |
| Total liabilities and net assets/fund balances | $229,684 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Love Hope Strength Inc has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $100,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kelsey Research Foundation Houston, TX | $10,072,702 | $2,621,345 |
San Antonio Cancer Foundation San Antonio, TX | $28,212,911 | $2,248,713 |
Mission Clinical Services Hot Springs, AR | $679,407 | $1,180,610 |
Texas 4000 For Cancer Austin, TX | $778,162 | $1,006,921 |
Triumph Over Kid Cancer Foundation Corpus Christi, TX | $1,064,676 | $789,744 |
Careity Foundation Fort Worth, TX | $2,308,296 | $1,614,148 |
Birds For Sofia Inc Frisco, TX | $0 | $0 |
Burning Limb Foundation Frisco, TX | $234,079 | $770,072 |
Sadie Keller Foundation Argyle, TX | $96,097 | $613,495 |
Cheyanna Foundation For Children Austin, TX | $980,670 | $718,140 |
Knapp Medical Center Foundation Inc Weslaco, TX | $12,401,741 | $1,617,711 |
Golfers Against Cancer Inc Houston, TX | $82,477 | $408,112 |