Hope Scarves Inc
- Assets
- $1.0m
- Revenue
- $713.9k
- Investments
- $15.0k
- Employees
- 7
- Location
- Louisville, KY
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 45-3578278
Organization Overview
Hope Scarves Inc is located in Louisville, KY. The organization was established in 2012. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Hope Scarves Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Scarves 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, Hope Scarves Inc generated $713.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $633.2k during the year ending 12/2023. While expenses have increased by 13.0% per year over the past 9 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 2017, Hope Scarves Inc has awarded 24 individual grants totaling $1,215,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HOPE SCARVES IS TO SHARE SCARVES, STORIES AND HOPE WITH WOMEN FACING CANCER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE SCARVES SHARES HEAD SCARVES WITH WOMEN WITH CANCER ALONG WITH THE STORIES OF THOSE WHO HAVE FACED CANCER WHO WORE THE SCARVES BEFORE THEM. THE ORGANIZATION HAS SENT OVER 30,000 SCARVES TO EVERY STATE AND MULTIPLE FOREIGN COUNTRIES TO PEOPLE FACING OVER 90 DIFFERENT TYPES OF CANCER. THE HOPE SCARF COLLECTION CONTAINS THOUSANDS OF SCARVES AND STORIES COLLECTED.
HOPE SCARVES MAINTAINS A METASTATIC BREAST CANCER RESEARCH FUND TO BROADEN HOW THE ORGANIZATION BRINGS HOPE TO PEOPLE FACING CANCER. A PORTION OF EACH DOLLAR DONATED TO HOPE SCARVES GOES TOWARD TRANSLATIONAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Frey Chair | OfficerTrustee | 1 | $0 |
Cate Darmstadt Director | Trustee | 1 | $0 |
Morgan Wade Director | Trustee | 1 | $0 |
Sanjhi Agrawal Treasurer | OfficerTrustee | 1 | $0 |
Kerrie Fullen Director | Trustee | 1 | $0 |
Kelley Thomas Vice-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $371,146 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,389 |
| Noncash contributions included in lines 1a–1f | $5,350 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $560,535 |
| Total Program Service Revenue | $183,660 |
| Investment income | $16,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$51,849 |
| Net Income from Gaming Activities | $7,850 |
| Net Income from Sales of Inventory | -$2,309 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $713,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $175,000 |
| 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. | $67,500 |
| Compensation of current officers, directors, key employees. | $13,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,687 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $745 |
| Fees for services: Accounting | $4,223 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $600 |
| Office expenses | $44,415 |
| Information technology | $11,699 |
| Royalties | $0 |
| Occupancy | $14,400 |
| Travel | $179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,188 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,728 |
| Insurance | $2,152 |
| All other expenses | $744 |
| Total functional expenses | $633,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,231 |
| Savings and temporary cash investments | $191,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,740 |
| Prepaid expenses and deferred charges | $420 |
| Net Land, buildings, and equipment | $3,663 |
| Investments—publicly traded securities | $710,861 |
| Investments—other securities | $14,990 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $1,019,140 |
| Accounts payable and accrued expenses | $185,059 |
| 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 | $185,059 |
| Net assets without donor restrictions | $834,081 |
| 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 | $1,019,140 |
Grants Awarded
Over the last fiscal year, Hope Scarves Inc has awarded $175,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DANA FARBER CANCER INSTITUTE PURPOSE: METASTATIC BREAST CANCER RESEARCH | $75,000 |
THE JOHNS HOPKINS UNIVERSITY PURPOSE: METASTATIC BREAST CANCER RESEARCH | $75,000 |
UOFL FOUNDATION PURPOSE: METASTATIC BREAST CANCER RESEARCH | $25,000 |