Chance For Hope Foundation
- Assets
- $938.2k
- Revenue
- $567.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Pearland, TX
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-5359628
Organization Overview
Chance For Hope Foundation is located in Pearland, TX. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chance For Hope 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 12/2023, Chance For Hope Foundation generated $567.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $344.7k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 5 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
PROVIDE SUPPORTING SERVICES FOR CHILDREN WITH CANCER, AND THE FAMILIES OF THOSE CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHANCE FOR HOPE FOUNDATION SIGNED ITS FIRST APARTMENT LEASE IN NOVEMBER 2014 AND NOW HAS MULTIPLE RESIDENCES PROVIDING OVER 2,100 NIGHTS OF FREE LODGING ANNUALLY. THE CHANCE FOR HOPE RESIDENCES ARE FULLY FURNISHED ONE-BEDROOM APARTMENTS IN THE TEXAS MEDICAL CENTER, PROVIDED AT NO COST TO FAMILIES TRAVELING TO HOUSTON FOR PEDIATRIC CANCER TREATMENTS. THE RESIDENCES ARE PROVIDED ON A FIRST COME, FIRST SERVE BASIS, AND OFFER A SHUTTLE SERVICE THAT PROVIDES QUICK ACCESS TO TEXAS CHILDREN'S HOSPITAL AND THE UNIVERSITY OF TEXAS MD ANDERSON CHILDREN'S CANCER HOSPITAL AND PROTON THERAPY CENTER. IN 2023, THIS PROGRAM SERVED 34 FAMILIES.
THE CHANCE FOR HOPE FOUNDATION FUNDS AND MONITORS RESEARCH INITIATIVES DESIGNED TO IMPROVE TREATMENT PROTOCOLS AND ULTIMATELY TO FIND A CURE FOR CHILDHOOD CANCER, WITH A FOCUS ON CANCER OF THE BRAIN AND CENTRAL NERVOUS SYSTEM, WHICH IS NOW THE DEADLIEST FORM OF CANCER IN CHILDREN AND COMPRISES 18% OF ALL PEDIATRIC CANCER DIAGNOSES.
THE FOUNDATION PROVIDES MEAL DELIVERIES TO FAMILIES AT TEXAS CHILDREN'S HOSPITAL AND MD ANDERSON TWICE MONTHLY. IN 2023, THIS PROGRAM SERVED 4,142 INDIVIDUALS. OUR SNACK CART PROGRAM SERVES CHILDREN UNDERGOING OUTPATIENT CANCER TREATMENT AT TEXAS CHILDREN'S CANCER CLINIC, AND THE MD ANDERSON CHILDREN'S CANCER CLINIC AND PROTON THERAPY CENTER. THE SNACK CART WILL PROVIDE REFRESHMENTS FOR KIDS DURING CHALLENGING AND SOMETIMES LENGTHY CHEMOTHERAPY, RADIATION, BLOOD TRANSFUSIONS AND OTHER OUTPATIENT MEDICAL TREATMENTS. THIS CART GETS REPLENISHED MONTHLY WITH A LARGE ASSORTMENT OF SNACKS. IN 2023 THE SNACK CART SERVED OVER 19,000 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Davidson President | OfficerTrustee | 30 | $0 |
Scott Davidson Secretary | OfficerTrustee | 5 | $0 |
Natalie Aloia Director | Trustee | 2 | $0 |
Marie Davidson Director | Trustee | 2 | $0 |
Joseph Davidson Director | Trustee | 2 | $0 |
Keely Moore Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $197,455 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,625 |
| Noncash contributions included in lines 1a–1f | $27,193 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $523,080 |
| Total Program Service Revenue | $0 |
| Investment income | $17,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,460 |
| Net Income from Gaming Activities | $15,945 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $567,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| Grants and other assistance to domestic individuals. | $216,282 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,568 |
| Advertising and promotion | $0 |
| Office expenses | $23,180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,390 |
| All other expenses | $19,295 |
| Total functional expenses | $344,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,279 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $26,995 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $652,893 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $938,167 |
| Accounts payable and accrued expenses | $11,430 |
| Grants payable | $0 |
| Deferred revenue | $9,498 |
| 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 | $20,928 |
| Net assets without donor restrictions | $917,239 |
| 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 | $938,167 |