The Family Hope Foundation Inc
- Assets
- $923.7k
- Revenue
- $282.2k
- Investments
- $693.6k
- Employees
- 2
- Location
- Jenison, MI
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 26-4505914
Organization Overview
The Family Hope Foundation Inc is located in Jenison, MI. The organization was established in 2010. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Family Hope Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Hope Foundation 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, Family Hope Foundation Inc generated $282.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $255.3k during the year ending 12/2021. While expenses have increased by 10.8% 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.
Since 2016, Family Hope Foundation Inc has awarded 26 individual grants totaling $296,506. 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
INVESTING IN CHILDREN WITH SPECIAL NEEDS THROUGH FAMILY SUPPORT, ENGAGING COMMUNITY EXPERTS, ADVOCACY THROUGH COLABRORATION, AND FNANCIAL ASSISTANCE TO PROVIDE ACCESS TO THERAPIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL ASSISTANCE THROUGH OFFERING GRANTS THAT WOULD ENABLE CHILDREN WITH SPECIAL NEEDS TO RECEIVE THERAPY.
PROVIDE FINANCIAL ASISTANCE THROUGH OFFERING GRANTS THAT WOULD ENABLE CHILDREN WITH SPECIAL NEEDS TO RECEIVE THERAPY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Graham Secretary | OfficerTrustee | $0 | |
Erica Babbs Treasurer | OfficerTrustee | $0 | |
Peg Beall Vice Chair | OfficerTrustee | $0 | |
Matt Lepard Chair | OfficerTrustee | $0 | |
Sarah Vander Baan Member | Trustee | $0 | |
Kim Koele Member | Trustee | $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 | $256,248 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,248 |
| Total Program Service Revenue | $0 |
| Investment income | $22,182 |
| 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 | $282,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $124,085 |
| 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 | $44,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,451 |
| 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 | $3,912 |
| Advertising and promotion | $36,771 |
| Office expenses | $30,111 |
| Information technology | $4,186 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,462 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $255,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,265 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $762 |
| 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 | $109 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $693,611 |
| Investments—program-related | $0 |
| Intangible assets | $16,922 |
| Other assets | $0 |
| Total assets | $923,669 |
| 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 | $179,631 |
| Net assets with donor restrictions | $744,038 |
| 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 | $923,669 |
Grants Awarded
Over the last fiscal year, The Family Hope Foundation Inc has awarded $72,260 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR CHILDHOOD DEVELOPMENT PURPOSE: THERAPY SCHOLARSHIP | $28,350 |
RENEW THERAPAEUTIC RIDING CTR PURPOSE: THERAPY | $9,510 |
ROOTS AND WINGS PURPOSE: THERAPY | $8,900 |
SPEECH AND VOICE SOLUTIONS PURPOSE: THERAPY SCHOLARSHIP | $7,250 |
BRAINS PURPOSE: THERAPY | $6,850 |
SENSES IN MOTION LLC PURPOSE: THERAPY | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that The Family Hope Foundation Inc has recieved totaling $47,871.
| Awarding Organization | Amount |
|---|---|
Communtiy Foundation Of The Holland Zeeland Area Holland, MI PURPOSE: 2019 ANNUAL PROGRAM SUPPORT | $24,726 |
Howard Miller Foundation Zeeland, MI PURPOSE: SUPPORT FOR GENERAL OPERATIONS | $9,000 |
Louis And Helen Padnos Foundation Holland, MI PURPOSE: PROGRAM SERVICE | $7,145 |
Ed And June Prein Foundation Grand Rapids, MI PURPOSE: GENERAL | $3,000 |
Mall Family Foundation Rockford, MI PURPOSE: MINISTRY | $3,000 |
Dewitt Families Conduit Foundation Holland, MI PURPOSE: ANNUAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $620,477 |
| Earnings | $73,133 |
| Ending Balance | $693,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Living Services Inc Wayne, MI | $19,179,653 | $79,826,108 |
Damar Services Inc Indianapolis, IN | $55,415,839 | $82,679,779 |
I Am Boundless Inc Worthington, OH | $27,185,740 | $70,512,439 |
Hattie Larlham Center For Children With Disabilities Mantua, OH | $39,938,774 | $55,930,058 |
Easter Seals-Michigan Inc Auburn Hills, MI | $35,605,524 | $58,398,151 |
Our Lady Of The Wayside Inc Avon, OH | $10,359,870 | $35,724,154 |
The Arc Of Northeast Indiana Inc Fort Wayne, IN | $28,082,191 | $36,152,112 |
Logan Community Resources Inc South Bend, IN | $29,321,559 | $31,910,225 |
Heinzerling Community Columbus, OH | $30,614,950 | $27,058,403 |
Stone Belt Arc Inc Bloomington, IN | $12,807,794 | $25,404,232 |
Hope Network Grand Rapids, MI | $12,436,110 | $11,996,326 |
Knox County Association For Remarkable Citizens Inc Vincennes, IN | $24,536,291 | $19,956,533 |