Cy-Hope Inc
- Assets
- $9.5m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 105
- Location
- Cypress, TX
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 45-2346150
Organization Overview
Cy-Hope Inc is located in Cypress, TX. The organization was established in 2019. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Cy-Hope Inc employed 105 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Cy-Hope 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 12/2023, Cy-Hope Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 25.8% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE LIFE BETTER FOR KIDS. OUR VISION IS TO MOBILIZE ENTIRE COMMUNITIES (CONT'D ON SCH O)TO PROVIDE OPPORTUNITIES FOR VULNERABLE CHILDREN TO OVERCOME BARRIERS TO SUCCESS; TODAY'S KIDS BECOME TOMORROW'S LEADERS. INSTILL HOPE IN UNDERSERVED CHILDREN, NURTURING THEIR POTENTIAL TO BECOME EDUCATED AND EMPOWERED INDIVIDUALS WHO CONTRIBUTE POSITIVELY TO THEIR COMMUNITY, FOSTERING LASTING LIFE TRANSFORMATIONS. WE BRING NEEDS AND SOLUTIONS TOGETHER AND SUPPORT AND ENCOURAGE STUDENTS, TEACHERS AND SCHOOL ADMINISTRATIONS TO BE THE BEST THEY CAN BE.
Describe the Organization's Program Activity:
COUNSELING CENTER - CY-HOPE COUNSELING OFFERS A VARIETY OF SERVICES. SERVICES INCLUDE WORKING WITH YOUNG CHILDREN THROUGH PLAY THERAPY, BEHAVIORAL THERAPY, FILIAL THERAPY, AND PARENT CONSULTATION. IN ADDITION, CY-HOPE COUNSELING SPECIALIZES IN CHILD, ADOLESCENT, AND TWEEN COUNSELING, DESIGNED WITH EACH CHILD'S SPECIFIC NEEDS. CY-HOPE COUNSELING ALSO PROVIDES COUPLES COUNSELING, PREMARITAL THERAPY, FAMILY COUNSELING, AND GROUP COUNSELING. ADULT THERAPY IS ALSO OFFERED TO WORK ON A VARIETY OF ISSUES INCLUDING ANXIETY, DEPRESSION, EXISTENTIAL CONCERNS, LIFE TRANSITIONS, AND ANGER MANAGEMENT. THERAPISTS HAVE EXPERTISE WORKING WITH CHILDREN ON THE AUTISM SPECTRUM, OFFERING INDIVIDUAL SUPPORT, SOCIAL SKILLS THERAPY, AND PARENT CONSULTATION.
HOPE CENTERS - CY-HOPE, INC. CURRENTLY OPERATES 4 HOPE CENTERS LOCATED IN LONGHORN, WINDFERN, WILLOW GREEN, AND WALLER, IN ADDITION TO A MOBILE HOPE CENTER (MOBILE STEM BUS). THE CENTERSPROVIDE HOMEWORK HELP, LIFE SKILLS CLASSES, ART/CRAFTS, STORYTELLING, TUTORING AND DAY CAMPS TO APPROXIMATELY 191 CHILDREN. THROUGH CAMP LEMONADE, CY-HOPE IS ALSO ABLE TO PROVIDE AN ENRICHING SUMMER CAMP EXPERIENCE FOR UNDERSERVED YOUTH. CAMP LEMONADE IS A CHRISTIAN BASED 5 DAY, 4 NIGHT CAMP AT STONE CREEK RANCH IN NEW ULM, TEXAS. ALSO OFFERED ARE ADULT BIBLE STUDIES, CITIZENSHIP CLASSES, AND ESL CLASSES TO APPROXIMATELY 25 ADULTS. DIERKER'S CHAMPS - A PROGRAM FOR CHILDREN TO RECEIVE BASEBALL INSTRUCTION UTILIZING TRANSFORMATIONAL COACHING WITHIN CY-FAIR SPORTS ASSOCIATION. 207 KIDS PLAYED AT ALL LEVELS.IN SCHOOL SUPPORT - CY-HOPE, INC. IS COMMITTED TO PARTNERING WITH SCHOOLS AND OFFERING MINISTRY OF SUSTENANCE, MENTORING, TUTORING, VOLUNTEERS AND EMPOWERMENT FOR LONG-TERM SELF-SUFFICIENCY.POP SCHOLARSHIP (PROVIDING OPPORTUNITIES PROGRAM) - THROUGH OUR PROVIDING OPPORTUNITIES PROGRAM (POP), CY-HOPE HELPS COVER FEES FOR UNDERSERVED STUDENTS TAKING COLLEGE CREDIT COURSES IN MIDDLE AND HIGH SCHOOL OR PURSUING VOCATIONAL CERTIFICATIONS THROUGH CAREER AND TECHNOLOGY EDUCATION (CTE) CLASSES.DEVINE VIRTUOSOS PROGRAM - CY-HOPE, INC. ESTABLISHED AN ONGOING COLLABORATIVE WORKING RELATIONSHIP WITH CFISD CURRICULUM LEADERS TO SUPPORT STUDENTS IN THE AREA OF FINE ARTS BY IDENTIFYING TEACHERS' CLASSROOM NEEDS, ESPECIALLY AT CAMPUSES WITH HIGHER RATES OF LOW INCOME STUDENTS.
RESALE MARKETS - THE HOPE CHEST RESALE MARKETS ARE EACH A 25,000 SQUARE FOOT WAREHOUSE AND SHOPPING AREA WHICH SELL DONATED ITEMS. ALL FUNDS BENEFIT THE PROGRAMS OF CY-HOPE, MAKING LIFE BETTER FOR KIDS IN THE COMMUNITY.
BACKPACK PROGRAM - IN AN EFFORT TO PREVENT CHILDHOOD HUNGER AND TO PROVIDE EACH CHILD THE OPPORTUNITY TO SUCCEED IN SCHOOL AND LIFE, THE BACKPACK PROGRAM PROVIDES FOOD FOR NEEDY SCHOOL CHILDREN EACH WEEKEND. IN EACH BAG, CHILDREN FIND FOOD THAT WILL HELP SUSTAIN THEM THROUGH THE WEEKENDS WHEN SCHOOL FOOD IS NOT ACCESSIBLE. CY-HOPE, INV. CURRENTLY SERVES 74 SCHOOLS WHICH INCLUDES OVER 1,200 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Crumrine Chair | OfficerTrustee | 4 | $0 |
Al Williams Vice Chair Of Board | OfficerTrustee | 4 | $0 |
Adrian Dominguez Treasurer Of Board | OfficerTrustee | 4 | $0 |
Onica Mayers Secretary Of Board | OfficerTrustee | 4 | $0 |
Dr Godfrey Hubert Past Vice Chair | OfficerTrustee | 4 | $0 |
Lynda Dierker Executive Director | OfficerTrustee | 40 | $100,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $212,172 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,362,630 |
| Noncash contributions included in lines 1a–1f | $74,027 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,574,802 |
| Total Program Service Revenue | $1,486,051 |
| Investment income | $33,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$147,707 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $40,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,946,183 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,933,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,065 |
| 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. | $101,683 |
| Compensation of current officers, directors, key employees. | $10,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,643,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $175,702 |
| Payroll taxes | $207,897 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,149 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,911 |
| Advertising and promotion | $43,849 |
| Office expenses | $186,316 |
| Information technology | $52,583 |
| Royalties | $0 |
| Occupancy | $811,684 |
| Travel | $17,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,994 |
| Interest | $11,434 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,947 |
| Insurance | $75,002 |
| All other expenses | $21,807 |
| Total functional expenses | $4,621,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,559,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $996,232 |
| Accounts receivable, net | $20,535 |
| 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 | $229,022 |
| Net Land, buildings, and equipment | $1,609,009 |
| Investments—publicly traded securities | $1,300,062 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,738,419 |
| Total assets | $9,453,114 |
| Accounts payable and accrued expenses | $106,996 |
| Grants payable | $0 |
| Deferred revenue | $34,483 |
| 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 | $470,274 |
| Other liabilities | $3,883,605 |
| Total liabilities | $4,495,358 |
| Net assets without donor restrictions | $3,296,359 |
| Net assets with donor restrictions | $1,661,397 |
| 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 | $9,453,114 |
Grants Awarded
Over the last fiscal year, Cy-Hope Inc has awarded $27,002 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CY FAIR ISD PURPOSE: AP Scholarships | $9,375 |
HOLBROOK ELEMENTARY PURPOSE: Equipment purchase | $7,150 |
CY FAIR ISD PURPOSE: CTE Scholarships | $10,477 |