Hope 2 Others Foundation
- Assets
- $5.6m
- Revenue
- $413.3k
- Investments
- $3.3m
- Employees
- 0
- Location
- Weslaco, TX
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 46-3579283
Organization Overview
Hope 2 Others Foundation is located in Weslaco, TX. The organization was established in 2013. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope 2 Others Foundation 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 12/2022, Hope 2 Others Foundation generated $413.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $916.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hope 2 Others Foundation has awarded 89 individual grants totaling $4,724,787. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abraham Tanus President & Director | 3 | $0 | |
Rocio Tanus Vice-President & Director | 3 | $0 | |
Sarah Tanus Treasurer & Director | 3 | $0 | |
Rocio P Tanus Secretary & Director | 3 | $0 | |
Samuel Lugo Director | 3 | $0 | |
Ricardo Villarreal Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $611,800 |
| Interest on Savings | $0 |
| Dividends & Interest | $127,502 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$326,034 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $413,268 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $153,462 |
| Pension plans, employee benefits | $19,046 |
| Interest | $0 |
| Taxes | $14,550 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $141,175 |
| Total operating and administrative expenses | $333,340 |
| Contributions, gifts, grants paid | $583,399 |
| Total expenses and disbursements | $916,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,242,241 |
| Net Accounts receivable | $125,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,267,485 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,634,726 |
| Accounts payable and accrued expenses | $26,269 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $610 |
| Total liabilities | $26,879 |
Grants Awarded
Over the last fiscal year, Hope 2 Others Foundation has awarded $583,399 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AURORA HOUSE FOUNDATION PURPOSE: CHARITABLE | $148,098 |
SU CASA DE ESPERANZA PURPOSE: CHARITABLE | $15,200 |
MUSEUM OF SOUTH TEXAS HISTORY PURPOSE: CHARITABLE | $1,500 |
GEORGIA INSTITUTE OF TECHNOLOGY PURPOSE: SCHOLARSHIP | $48,654 |
ST THOMAS AQUINAS HIGH SCHOOL PURPOSE: CHARITABLE | $1,000 |
THE FRYDERYK CHOPIN SOCIETY OF TEXAS INC PURPOSE: CHARITABLE | $17,000 |