Arms Of Hope
- Assets
- $308.2k
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Medina, TX
- Founding
- 11/2018
- Data as of
- 06/2022
- EIN
- 51-0416193
Organization Overview
Arms Of Hope is located in Medina, TX. The organization was established in 2018. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Arms Of Hope employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arms Of Hope 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 06/2022, Arms Of Hope generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 0.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS OPERATED TO PROVIDE CHARITABLE SERVICES TO INDIGENT CHILDREN AND FAMILIES OR OVERSEES SIMILAR SERVICES THAT ARE PROVIDED BY BOLES CHILDREN'S HOME AND MEDINA CHILDREN'S HOME, ITS RELATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED AND OPERATED TO PROVIDE CHARITABLE SERVICES TO INDIGENT CHILDREN AND FAMILIES OR OVERSEES SIMILAR SERVICES THAT ARE PROVIDED BY BOLES CHILDREN'S HOME AND MEDINA CHILDREN'S HOME, ITS RELATED ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Robertson President/ceo | Officer | 13 | $196,419 |
Nathalie Mcdonald Chief Development Officer | Officer | 13 | $157,816 |
Scott Stumbo Chief Financial Officer | Officer | 13 | $153,016 |
Jerry Cox Chairman Of The Board | OfficerTrustee | 1 | $0 |
Kevin Mcdonald Director | Trustee | 1 | $0 |
Dr Tom Winkler Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ty Squiers General Contractor | 6/29/20 | $219,551 |
Willard R Bass Pump Service | 6/29/20 | $135,074 |
Ty Squiers General Contractor | 6/29/20 | $219,551 |
Willard R Bass Pump Service | 6/29/20 | $135,074 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $90,100 |
| Related organizations | $0 |
| Government grants | $191,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,175,126 |
| Noncash contributions included in lines 1a–1f | $996,947 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,456,908 |
| Total Program Service Revenue | $0 |
| Investment income | $9,586 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$35,331 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,431,163 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $546,755 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,715 |
| Pension plan accruals and contributions | $50,340 |
| Other employee benefits | $44,275 |
| Payroll taxes | $65,963 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,308 |
| Fees for services: Accounting | $76,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,232 |
| Advertising and promotion | $0 |
| Office expenses | $111,790 |
| Information technology | $86,086 |
| Royalties | $0 |
| Occupancy | $591 |
| Travel | $21,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $151 |
| Interest | $292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,183 |
| All other expenses | $43,989 |
| Total functional expenses | $2,200,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,886 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,285 |
| Prepaid expenses and deferred charges | $295,489 |
| Net Land, buildings, and equipment | $2,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $308,236 |
| Accounts payable and accrued expenses | $262,899 |
| 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 | $30,906,302 |
| Total liabilities | $31,169,201 |
| Net assets without donor restrictions | -$30,860,965 |
| 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 | $308,236 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Arms Of Hope has recieved totaling $583,640.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $296,000 |
Harvey E Najim Charitable Foundation San Antonio, TX PURPOSE: ASSIST CHILDREN | $75,000 |
The Community Foundation Of The Texas Hill Country Inc Kerrville, TX PURPOSE: GENERAL SUPPORT | $41,600 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $28,270 |
Paticum Foundation Dallas, TX PURPOSE: RELIGIOUS | $25,250 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunbeam Family Services Inc Oklahoma City, OK | $29,685,111 | $20,512,660 |
Gulf Coast Teaching Family Services Incorporated Metairie, LA | $8,813,901 | $14,214,700 |
All Faiths Albuquerque, NM | $12,930,132 | $9,403,704 |
Family Service Center At Houston And Harris County Houston, TX | $4,044,292 | $5,375,449 |
Parent Child Center Of Tulsa Inc Tulsa, OK | $4,040,349 | $4,809,536 |
New Orleans Family Justice Alliance Inc New Orleans, LA | $1,660,298 | $4,581,133 |
Jones Center For Families Inc Springdale, AR | $19,146,253 | $5,651,307 |
American Indian Cultural Center Foundation Oklahoma City, OK | $17,807,997 | $4,962,101 |
Community Family Centers-Centros Familiares De La Comunidad Houston, TX | $5,360,893 | $3,588,597 |
Seasons Of Life Arlington, TX | $712,959 | $3,744,125 |
Centers For Children And Families Inc Midland, TX | $6,206,275 | $3,508,167 |
Schmieding Foundation Term Springdale, AR | $20,489,338 | $1,907,097 |