The Hope Effect
- Assets
- $293.4k
- Revenue
- $729.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Peoria, AZ
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-2624962
Organization Overview
The Hope Effect is located in Peoria, AZ. The organization was established in 2015. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Hope Effect employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Effect 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 Effect generated $729.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $770.8k during the year ending 12/2023. While expenses have increased by 38.6% per year over the past 8 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
THE HOPE EFFECT IS A NONPROFIT ORGANIZATION CHANGING HOW THE WORLD CARES (CONTINUED ON SCHEDULE O) (CONTINUED FROM 990 PAGE 1) FOR ORPHANS BY IMPLEMENTING INNOVATIVE FAMILY-BASED SOLUTIONS. WE FACILITATE FAMILY-STYLE CARE THAT PROVIDES OPPORTUNITY FOR EACH CHILD TO FLOURISH AND THRIVE IN A FAMILY ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SONORA FAMILY-STYLE CARE PROGRAM: IN SONORA, MEXICO, WE ESTABLISHED THE FIRST NONPROFIT TO RECEIVE GOVERNMENT APPROVAL TO PROVIDE FAMILY-STYLE CARE. THIS NONPROFIT PARTNERS WITH THE GOVERNMENT TO IMPLEMENT THEIR NEWLY-ESTABLISHED FAMILY-STYLE CARE PROGRAM, WHICH HELPS CHILDREN GET OUT OF ORPHANAGES AND INTO LOVING FAMILIES. THEY RECRUIT, EVALUATE, AND TRAIN FAMILIES TO PROVIDE CARE, ASSIST WITH CHILD PLACEMENT, AND PROVIDE MEANINGFUL FOLLOW-UP TO FAMILIES WHO WELCOME CHILDREN INTO THEIR HOMES.
IN CHIANG MAI, THAILAND, AND BATTAMBANG, CAMBODIA, WE ARE FOCUSING ON REINTEGRATION AND PREVENTION. IN SANTA ROSA DE COPAN, HONDURAS, WE HELPED GET MORE KIDS IN LOVING FAMILIES.
CAMBODIA FAMILY STYLE CARE PROGRAM: IN BATTAMBANG, CAMBODIA, OUR APPROACH IS TWOFOLD AS WE FOCUS ON REINTEGRATION AND PREVENTION. WE ARE HELPING FACILITATE THE REINTEGRATION OF CHILDREN WHO ARE CURRENTLY LIVING IN ORPHANAGES BACK INTO THEIR LOVING FAMILIES AND PROVIDING EDUCATION AND RESOURCES TO STRENGTHEN FAMILIES AND PREVENT THEM FROM SURRENDERING THEIR CHILDREN TO AN ORPHANAGE.
MICHOACAN FAMILY-STYLE CARE PROGRAM: IN MICHOACAN, MEXICO, WE BECAME THE FIRST NONPROFIT TO RECEIVE GOVERNMENT APPROVAL TO PROVIDE FAMILY-STYLE CARE. WE ARE PARTNERING WITH THE GOVERNMENT TO IMPLEMENT THEIR NEWLY-ESTABLISHED FAMILY-STYLE CARE PROGRAM, WHICH HELPS CHILDREN GET OUT OF ORPHANAGES AND INTO LOVING FAMILIES. WE RECRUIT, EVALUATE, AND TRAIN FAMILIES TO PROVIDE CARE, ASSIST WITH CHILD PLACEMENT, AND PROVIDE MEANINGFUL FOLLOW-UP TO FAMILIES WHO WELCOME CHILDREN INTO THEIR HOMES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Darago Executive Director | OfficerTrustee | 40 | $113,564 |
Debora Garcia Director | Trustee | 2 | $0 |
Jillian Johnsrud Director | Trustee | 2 | $0 |
Kathryn Jo Lincoln Director | Trustee | 2 | $0 |
Joshua Becker President/ceo | OfficerTrustee | 2 | $0 |
Jeff Van Egdom Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $216 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,860 |
| Noncash contributions included in lines 1a–1f | $56,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,076 |
| Total Program Service Revenue | $0 |
| Investment income | $1,834 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,077 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $728,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $402,783 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,062 |
| Compensation of current officers, directors, key employees. | $3,014 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,999 |
| Advertising and promotion | $8,172 |
| Office expenses | $22,600 |
| Information technology | $17,668 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $86,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,279 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,860 |
| Insurance | $711 |
| All other expenses | $0 |
| Total functional expenses | $770,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,815 |
| Savings and temporary cash investments | $238,398 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,233 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $293,446 |
| Accounts payable and accrued expenses | $0 |
| 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 | $12,126 |
| Total liabilities | $12,126 |
| Net assets without donor restrictions | $224,124 |
| Net assets with donor restrictions | $57,196 |
| 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 | $293,446 |
Grants Awarded
Over the last fiscal year, The Hope Effect has awarded $66,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTSHINE A LIVING HOPE PURPOSE: GENERAL SUPPORT FOR MISSION IN CHIHUAHUA, MEXICO | $45,000 |
LEGADO DE ESPERANZA FOUNDATION SPANGLER PURPOSE: GENERAL SUPPORT FOR MISSION IN HONDURAS | $21,000 |