Pure Hope Foundation
- Assets
- $5.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 34
- Location
- Mt Vernon, TX
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-3031006
Organization Overview
Pure Hope Foundation is located in Mt Vernon, TX. The organization was established in 2015. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Pure Hope Foundation employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pure 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, Pure Hope Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 20.7% 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
STRENGTHEN FAMILIES AND RESTORE SURVIVORS OF SEX TRAFFICKING THROUGH THE OPERATION OF A PROGRAMMING FACILITY & HOSTING OF RETREATS AND SPONSORING EDUCATION AND AWARENESS EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, PURE HOPE FOUNDATION SERVED DOZENS OF SURVIVORS OF TRAFFICKING THROUGH THE PROVISION OF RESOURCES, COUNSELING, PLACEMENT INTO CARE FACILITIES, ETC. THE TEAM ALSO HOUSED AND FACILITATED 6 SURVIVORS THROUGH IMMERSIVE, LONG-TERM RESTORATIVE CARE WITHIN HOPE HOME AND TRANSITIONAL LIVING FACILITIES. THE ORGANIZATION BEGAN CONSTRUCTION ON THE 2ND HOPE HOME AT PURE HOPE RANCH TO EXTEND THE ACCESS TO THIS PROGRAM TO OTHER SURVIVORS. ASSISTANCE WAS PROVIDED TO SURVIVORS IN GAINING EDUCATION AND TRAINING TO ENABLE THEM TO BE SUCCESSFUL AND THRIVE IN EVERY DAY LIFE. ASSISTANCE INCLUDED HELPED SURVIVORS RECEIVE CAREER TRAINING IN THE FIELDS OF NURSING, WELDING AND DENTISTRY. THE ORGANIZATION CELEBRATED NUMEROUS HEALTHCARE WINS FOR SURVIVORS NEEDING MEDICAL, DENTAL, AND EMOTIONAL CARE DUE TO TRAUMA AND ABUSE. PROMISING THE ABILITY TO INCREASE PROGRAMS INVOLVING EQUINE THERAPY, THE ORGANIZATION CELEBRATED CERTIFICATION IN THERAPEUTIC EQUINE COACHING BY 3 STAFF MEMBERS AND 1 SURVIVOR.
THE ORGANIZATION OPERATES A RETREAT CENTER THAT IS OPEN TO CORPORATE AND OTHER TYPES OF EVENTS. WHILE THE OPERATION OF THE RETREAT CENTER IS CONSIDERED AN UNRELATED TRADE OR BUSINESS, ITS OPERATION ENABLES THE ORGANIZATION TO CREATE TRAINING PROGRAMS TO TEACH VALUABLE LIFE SKILLS TO SURVIVORS IN ITS OTHER PROGRAMS AND TO WORK IN A SAFE ENVIRONMENT EARNING FUNDS FOR THE FUTURE. IN 2023, THE ORGANIZATION HOSTED 40 EVENTS AT THE RETREAT CENTER WHERE SURVIVORS WORK AND TRAIN WHILE LEARNING CRITICAL CAREER/LIFE SKILLS LIKE HOSPITALITY, FOOD SERVICE, EVENT HOSTING, CLEANING, GARDEN PREPARATION AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Morris Exec Dir | Officer | 40 | $91,896 |
Michael Lee CFO | Officer | 40 | $43,643 |
Curt Beavers Director | Trustee | 1 | $0 |
Miriam Blankenship Secretary/di | OfficerTrustee | 1 | $0 |
Tonya Carruthers Director | Trustee | 1 | $0 |
Kathy Crockett Chairperson/ | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $993,406 |
| Noncash contributions included in lines 1a–1f | $4,380 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $993,406 |
| Total Program Service Revenue | $0 |
| Investment income | $777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,557 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,233,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,464 |
| Grants and other assistance to domestic individuals. | $16,124 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,540 |
| Compensation of current officers, directors, key employees. | $40,201 |
| Compensation to disqualified persons | $61,179 |
| Other salaries and wages | $219,153 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,763 |
| Advertising and promotion | $12,561 |
| Office expenses | $19,117 |
| Information technology | $5,529 |
| Royalties | $0 |
| Occupancy | $150,984 |
| Travel | $16,200 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,644 |
| Insurance | $45,819 |
| All other expenses | $0 |
| Total functional expenses | $1,067,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,129 |
| Savings and temporary cash investments | $50,565 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $74,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,943 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,826,775 |
| Investments—publicly traded securities | $13,892 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $292,235 |
| Total assets | $5,494,812 |
| Accounts payable and accrued expenses | $10,975 |
| 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 | $99,724 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $110,699 |
| Net assets without donor restrictions | $5,259,281 |
| Net assets with donor restrictions | $124,832 |
| 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 | $5,494,812 |