Hope And A Future Inc
- Assets
- $6.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Phoenix, AZ
- Founding
- 08/2005
- Data as of
- 07/2023
- EIN
- 42-1651764
Organization Overview
Hope And A Future Inc is located in Phoenix, AZ. The organization was established in 2005. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 07/2023, Hope And A Future Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope And A Future 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 07/2023, Hope And A Future Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.0m during the year ending 07/2023. While expenses have increased by 8.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOPE AND A FUTURE, INC. SERVES ABUSED AND NEGLECTED CHILDREN IN THE ARIZONA FOSTER (SEE SCHEDULE O) CARE SYSTEM BY HELPING THEM REACH THEIR POTENTIAL AND ACHIEVE THEIR DREAMS. IN THE LAST FISCAL YEAR, THE ORGANIZATION SERVED 4,000 FOSTER CHILDREN THROUGH ITS PROGRAMS WITH OVER 1300 VOLUNTEERS SUPPORTING THE VARIOUS PROGRAMS. THE ESTIMATED VALUE OF VOLUNTEER TIME FOR CAMP PROGRAMS AND LIFE 360 PROGRAM EXCEEDS $1,800,000.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEEN REACH ADVENTURE CAMP (TRAC) IS A SUMMER CAMP FOR CHILDREN IN FOSTER CARE WHO ARE 12 TO 15 YEARS OLD AND ROYAL FAMILY KIDS CAMP (RFKC) IS A CAMP FOR FOSTER CHILDREN FROM 7 TO 11 YEARS OLD. THESE CAMPS ARE POSITIVE, FAITH-BASED SUMMER CAMP EXPERIENCES THAT OFFER HOPE AND ENCOURAGEMENT TO FOSTER CHILDREN THAT MAY HAVE SUFFERED ABUSE, NEGLECT OR ABANDONMENT. THESE CAMPS ARE SPECIFICALLY DESIGNED TO ENSURE THE SUCCESS OF EVERY FOSTER CHILD WHO ATTENDS CAMP. THE CAMP ALSO PROVIDES MEALS, SHELTER, CLOTHING AND CHILDCARE WHILE CAMPERS ATTEND THE CAMP.(SEE SCHEDULE O)A TOTAL OF 332 FOSTER CHILDREN PARTICIPATED IN SUMMER CAMP AND 491 VOLUNTEERS. THE ESTIMATED VALUE OF VOLUNTEER TIME FOR THE CAMPS EXCEEDS $2,000,000.
EACH YEAR OVER 800 CHILDREN "AGE OUT" OF THE SYSTEM WHEN THEY TURN 18. ACCORDING TO STATISTICS, ONE OUT OF FIVE WILL BECOME HOMELESS, ONE OUT OF FOUR BECOME INCARCERATED, 33% GRADUATE HIGH SCHOOL AND ONLY 3% WILL EVER GRADUATE FROM COLLEGE. THE GOAL OF LIFE 360 IS TO CHANGE THESE STATISTICS AND PROVIDE HOPE TO THESE CHILDREN THAT RESIDE IN THE FOSTER CARE SYSTEM. THROUGH THIS MENTORING PROGRAM, FOSTER CHILDREN FOCUS ON BASIC SKILLS LIKE MONEY MANAGEMENT, HOUSEHOLD MANAGEMENT, PLANNING FOR COLLEGE, JOB SKILLS, AND PERSONAL HEALTH. THE PROGRAM PROVIDES CLOTHING, CASH ASSISTANCE, AND HELP WITH VARIOUS BASIC NEEDS ALONG WITH TRAINING THAT FOSTER CHILDREN NEED IN ORDER TO PROVIDE A PATHWAY OF SUCCESS IN THEIR CHOSEN CAREERS. (SEE SCHEDULE O)THIS YEAR, 348 FOSTER CHILDREN AND 152 VOLUNTEERS PARTICIPATED IN THE LIFE 360 PROGRAM. THE ESTIMATED VALUE OF VOLUNTEER TIME FOR THE LIFE 360 PROGRAM EXCEEDS $200,000.
THE ANNUAL CHRISTMAS CELEBRATION IS A FESTIVE GATHERING FOR OUR CHILDREN AND THEIR LOVED ONES, INCLUDING ARTS, CRAFTS AND PRESENTS FOR YOUNG AND OLD, AVAILABLE TO CHILDREN WHO HAVE ATTENDED OUR PROGRAMS, THEIR FOSTER FAMILIES AND OUR VOLUNTEERS. CHILDREN AND THEIR FAMILIES RECEIVE A MEAL AND GIFTS, INCLUDING CLOTHING AS PART OF THE EVENT.THIS YEAR, APPROXIMATELY 500 VOLUNTEERS, FOSTER CHILDREN AND FAMILIES PARTICIPATED IN THE CHRISTMAS PROGRAM AND OVER 3,000 GIFTS WERE DISTRIBUTED TO ARIZONA FOSTER CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Brewer President & CEO | OfficerTrustee | 50 | $187,648 |
Jesse Curry Vice President | OfficerTrustee | 1 | $0 |
Kevin Tyne Secretary/treasurer | OfficerTrustee | 1 | $0 |
William Ridenour Director | Trustee | 1 | $0 |
Scott Smith Director | Trustee | 1 | $0 |
Janice Brewer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $29,828 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,561,927 |
| Noncash contributions included in lines 1a–1f | $387,394 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,591,755 |
| Total Program Service Revenue | $16,286 |
| Investment income | $99,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$657,415 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,049,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $197,809 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,281 |
| Compensation of current officers, directors, key employees. | $31,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,864 |
| Pension plan accruals and contributions | $4,678 |
| Other employee benefits | $12,942 |
| Payroll taxes | $27,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,139 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,500 |
| Fees for services: Other | $79,459 |
| Advertising and promotion | $147,534 |
| Office expenses | $100,899 |
| Information technology | $10,888 |
| Royalties | $0 |
| Occupancy | $22,008 |
| Travel | $35,550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,480 |
| Interest | $318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,872 |
| Insurance | $6,251 |
| All other expenses | $0 |
| Total functional expenses | $2,030,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,120 |
| Savings and temporary cash investments | $778,486 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $309,955 |
| 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 | $380,200 |
| Investments—publicly traded securities | $3,916,595 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,010,356 |
| Accounts payable and accrued expenses | $66,431 |
| 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 | $162,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $228,431 |
| Net assets without donor restrictions | $5,781,925 |
| 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 | $6,010,356 |
Grants Awarded
Over the last fiscal year, Hope And A Future Inc has awarded $713,069 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TEEN REACH ADVENTURE CAMP PURPOSE: TRAC PROGRAM SUPPORT | $15,000 |
HARVEST COMPASSION CENTER MITCHELL SWABACK CHARTIES INC PURPOSE: SCHOOL SUPPLIES FOR SCHOOLS AND FAMILIES IN NEED | $698,069 |