Pure Hope Foundation
- Assets
- $6.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Mt Vernon, TX
- Founding
- 03/2015
- Data as of
- 12/2020
- 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 12/2021, Pure Hope Foundation employed 17 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 12/2020, Pure Hope Foundation generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.3% each year . All expenses for the organization totaled $493.8k during the year ending 12/2020. While expenses have increased by 29.7% per year over the past 6 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
2020
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
DURING 2021, PURE HOPE FOUNDATION SERVED MORE THAN 20 SURVIVORS WITH DIRECT SERVICES EITHER IN HOPE HOME RESIDENTIAL PROGRAMMING OR WITH OUTSIDE RESOURCES OR PLACEMENT. THIS YEAR, THE ORGANIZATION BEGAN CONSTRUCTION ON A TRANSITIONAL LIVING COTTAGE FOR GRADUATES OF THE HOPE HOME PROGRAM. THE ORGANIZATION CREATED PROGRAMMING FOR AND FACILITATED SOCIAL ENTERPRISE OPPORTUNITIES FOR WOMEN OF HOPE HOME TO PURCHASE, ASSEMBLE, MARKET AND SELL JEWELRY, ORNAMENTS AND OTHER ITEMS TO CUSTOMERS AROUND THE NATION. THE ORGANIZATION ALSO REACHED THOUSANDS WITH STORIES OF HOPE AND RESTORATION THROUGH CREATION AND DISTRIBUTION OF DIGITAL MEDIA.
IN 2021, THE ORGANIZATION LAUNCHED RETREATS FOR CORPORATIONS, NONPROFITS AND OTHER GROUPS AND SUCCESSFULLY HOSTED MORE THAN 500 INDIVIDUALS AT THE INN AT PURE HOPE RANCH. OPERATING THIS FACILITY PROVIDES OPPORTUNITIES FOR THE ORGANIZATION TO CREATE JOB TRAINING PROGRAMS IN THE HOSPITALITY INDUSTRY FOR THE SURVIVORS PARTICIPATING IN THE OTHER ORGANIZATIONAL PROGRAMMING AS WELL AS PROVIDE INCOME FOR SURVIVORS AS THEY PREPARE TO LAUNCH INTO INDEPENDENCE UPON GRADUATION FROM PHF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Morris Exec Dir | Officer | 40 | $81,400 |
Miriam Blankenship Secretary/di | OfficerTrustee | 1 | $0 |
Kathy Crockett Chairperson/ | OfficerTrustee | 1 | $0 |
Mike Quayle Treasurer/di | OfficerTrustee | 1 | $0 |
Michael Lee CFO | Officer | 40 | $0 |
Tonya Carruthers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,520,775 |
| Investment income | $2,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,967 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $177 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,558,818 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $10,280 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $72,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,505 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,615 |
| Advertising and promotion | $2,380 |
| Office expenses | $25,340 |
| Information technology | $2,818 |
| Royalties | $0 |
| Occupancy | $29,465 |
| Travel | $17,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,264 |
| Insurance | $3,863 |
| All other expenses | $0 |
| Total functional expenses | $493,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,834 |
| Savings and temporary cash investments | $177,304 |
| 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 | $500 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,664 |
| Total assets | $6,579,992 |
| 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 | $1,707,017 |
| Unsecured mortgages and notes payable | $20,701 |
| Other liabilities | $0 |
| Total liabilities | $1,727,718 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,852,274 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Pure Hope Foundation has recieved totaling $836,372.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $450,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $327,168 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $30,000 |
Halbert Harmon Foundation Inc Colleyville, TX PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $984 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Haven For Hope Of Bexar County San Antonio, TX | $88,179,557 | $28,550,181 |
Star Of Hope Mission Houston, TX | $82,904,713 | $27,561,115 |
Presbyterian Night Shelter Of Tarrant County Fort Worth, TX | $53,230,417 | $14,049,509 |
Heading Home Albuquerque, NM | $3,839,726 | $7,660,261 |
Family Gateway Inc Dallas, TX | $4,760,688 | $5,756,628 |
Promise House Inc Dallas, TX | $2,582,966 | $6,657,110 |
Tulsa Day Center Inc Tulsa, OK | $24,852,290 | $5,725,304 |
Homeless Alliance Oklahoma City, OK | $7,046,027 | $5,204,713 |
The Arlington Life Shelter Arlington, TX | $13,090,653 | $3,657,043 |
Dallas Mission For Life Inc Dallas, TX | $12,842,578 | $4,044,639 |
Housing Crisis Center Inc Dallas, TX | $949,775 | $3,183,683 |
Ozanam Inn New Orleans, LA | $7,390,510 | $3,165,767 |