Hope Rising
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Brenham, TX
- Founding
- 02/2014
- Data as of
- 06/2022
- EIN
- 46-0973280
Organization Overview
Hope Rising, operating under the name Hope Rising Ministries, is located in Brenham, TX. The organization was established in 2014. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Hope Rising Ministries employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Rising Ministries 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, Hope Rising Ministries generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. 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
HOPE RISING GIVES HOPE TO VICTIMS OF SEX TRAFFICKING BY OFFERING A SPECIAL TRAUMA-INFORMED CONTINUUM OF CARE THROUGH ITS FOSTER HOME PROGRAM AND IS PREPARING TO OFFER STABILIZATION AND ASSESSMENT SERVICES TO THIS VERY SPECIALIZED POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE RISING IS A LICENSED TEXAS FOSTER CARE AND CHILD PLACING AGENCY THAT SERVES COUNTIES WITHIN A 150-MILE RADIUS OF ITS OFFICE IN HOUSTON, TX. THE ORGANIZATION PRIMARILY SERVES CHILDREN WHO HAVE SUFFERED SEXUAL TRAUMA AND EXPLOITATION. SPECIALIZING IN AID PROVIDED TO SURVIVORS OF HUMAN SEX TRAFFICKING, HOPE RISING IS DEDICATED TO THE RESTORATION OF RESCUED MINORS BY PROVIDING A SPECIALIZED TRAUMA-INFORMED CONTINUUM OF CARE THROUGH THE SURVIVOR'S SPECIALIZED FOSTER CARE ASSIGNMENT AND LATER TRANSITIONAL LIVING AND SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Webb Chair | OfficerTrustee | 5 | $0 |
Jennifer Hohman Vice-Chair | OfficerTrustee | 3 | $0 |
Al Bachman Secretary | OfficerTrustee | 3 | $0 |
Barry Wood Treasurer | OfficerTrustee | 3 | $0 |
Amy Leggio CEO | Officer | 40 | $84,658 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tracy Conwell Legal Services | 6/29/21 | $188,871 |
Redhead Construction Building Renovations | 6/29/21 | $147,013 |
American Fire Systems Inc Fire Sprinkler System | 6/29/21 | $103,507 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $758,581 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,224 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,036,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $9,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $140,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,829 |
| Pension plan accruals and contributions | $1,859 |
| Other employee benefits | $9,935 |
| Payroll taxes | $26,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,217 |
| Fees for services: Accounting | $79,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,880 |
| Advertising and promotion | $548 |
| Office expenses | $28,156 |
| Information technology | $13,260 |
| Royalties | $0 |
| Occupancy | $81,187 |
| Travel | $35,711 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,217 |
| Interest | $1,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,490 |
| Insurance | $51,229 |
| All other expenses | $0 |
| Total functional expenses | $1,000,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,971 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,850 |
| 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 | $5,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,680 |
| Total assets | $1,206,946 |
| Accounts payable and accrued expenses | $5,601 |
| Grants payable | $0 |
| Deferred revenue | $37,229 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $192,830 |
| Net assets without donor restrictions | $1,009,474 |
| Net assets with donor restrictions | $4,642 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,014,116 |