Virginia Baptist Childrens Home And Family Services
- Assets
- $22.5m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 333
- Location
- Salem, VA
- Founding
- 01/2004
- Data as of
- 09/2022
- EIN
- 54-0515739
Organization Overview
Virginia Baptist Childrens Home And Family Services, operating under the name Hopetree Family Services, is located in Salem, VA. The organization was established in 2004. 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 09/2022, Hopetree Family Services employed 333 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopetree Family Services 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 09/2022, Hopetree Family Services generated $18.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $17.6m during the year ending 09/2022. While expenses have increased by 2.6% 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 MISSION OF THE VIRGINIA BAPTIST CHILDREN'S HOME AND FAMILY SERVICES IS THROUGH GOD'S LOVE, WE FOSTER HOPE BY EMPOWERING FAMILIES, YOUTH AND ADULTS TO LEAD FULFILLING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOSTER CARE AND ADOPTION PROGRAM WITH OFFICES IN SALEM, MARTINSVILLE, CHESTER, AND RICHMOND, VIRGINIA IS LICENSED BY THE VIRGINIA DEPARTMENT OF SOCIAL SERVICES. THE PROGRAM PROVIDES THERAPEUTIC FOSTER HOMES FOR CHILDREN FROM BIRTH UP TO AGE 21 THROUGHOUT THE STATE. A TOTAL OF 145 CHILDREN WERE SERVED DURING THIS TIME PERIOD.
DEVELOPMENTAL DISABILITIES MINISTRY OF HOPETREE FAMILY SERVICES IS LICENSED BY THE VA DEPARTMENT OF BEHAVIORAL HEALTH TO SERVE ADULTS WITH INTELLECTUAL DISABILITIES BY PROVIDING RESIDENTIAL, IN-HOME AND RESPITE SERVICES. A TOTAL OF 78 ADULTS WERE SERVED IN ALL PROGRAMS DURING THIS YEAR.
THE HOPETREE ACADEMY IS A PRIVATE DAY SCHOOL LICENSED BY THE VIRGINIA DEPARTMENT OF EDUCATION AND ACCREDITED BY THE VIRGINIA ASSOCIATION OF INDEPENDENT SPECIALIZED EDUCATION FACILITIES. THE ACADEMY PROVIDES SPECIAL EDUCATION, ALTERNATIVE EDUCATION, AND VOCATION EDUCATION SERVICES FOR STUDENTS 5TH THROUGHOUT 12TH GRADE. A TOTAL OF 38 STUDENTS WERE SERVED DURING THE ENTIRE SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Morris Pres. & CEO | Officer | 40 | $155,042 |
Johnnie Nash COO | Officer | 40 | $118,339 |
Lisa Lambrecht CFO | Officer | 40 | $49,487 |
Dr Herbert O Browning Vice Chairma | OfficerTrustee | $0 | |
Derek T Hicks Treasurer | OfficerTrustee | $0 | |
Rev George Fletcher III Chairperson | OfficerTrustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G&h Contracting Building Contractor | 9/29/15 | $517,446 |
Meriwether-godsey Food Preparation And Service | 9/29/15 | $460,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $500,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,306,800 |
| Noncash contributions included in lines 1a–1f | $2,116 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,806,800 |
| Total Program Service Revenue | $13,927,946 |
| Investment income | $380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,200 |
| Net Income from Fundraising Events | $61,832 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,159,448 |
| 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. | $356,787 |
| Compensation of current officers, directors, key employees. | $356,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,285,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,652,055 |
| 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 | $589,331 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,241,552 |
| Travel | $327,373 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,227 |
| Payments to affiliates | $818,000 |
| Depreciation, depletion, and amortization | $639,643 |
| Insurance | $0 |
| All other expenses | $82,324 |
| Total functional expenses | $17,627,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $876,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,016,894 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,674 |
| Prepaid expenses and deferred charges | $201,728 |
| Net Land, buildings, and equipment | $10,206,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,177,888 |
| Total assets | $22,485,858 |
| Accounts payable and accrued expenses | $990,441 |
| 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 | $0 |
| Total liabilities | $990,441 |
| Net assets without donor restrictions | $11,914,202 |
| Net assets with donor restrictions | $9,581,215 |
| 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 | $22,485,858 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Baptist Childrens Home And Family Services has recieved totaling $5,154.
| Awarding Organization | Amount |
|---|---|
Donor Advised Fund Of The Virginia Baptist Foundation Richmond, VA PURPOSE: GENERAL OPERATING SUPPORT | $5,154 |
Endowment Analysis
| Beg. Balance | $11,802,003 |
| Earnings | -$2,624,115 |
| Ending Balance | $9,177,888 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home Of The Innocents Louisville, KY | $65,936,373 | $44,982,651 |
The Accreditation Commission For Health Care Inc Cary, NC | $50,991,539 | $43,469,636 |
Alexander Youth Network Charlotte, NC | $13,951,988 | $30,286,385 |
Childrens Guild Inc Baltimore, MD | $23,290,601 | $33,432,358 |
Child Trends Incorporated Bethesda, MD | $18,852,217 | $34,169,461 |
Childrens Home Society Of North Carolina Inc Greensboro, NC | $19,407,050 | $27,175,677 |
Childrens Home Society Of West Virginia Charleston, WV | $19,571,379 | $26,416,852 |
Port Health Services Greenville, NC | $13,234,691 | $26,221,937 |
Sunrise Childrens Services Mt Washington, KY | $37,970,472 | $27,965,095 |
Virginia Baptist Childrens Home And Family Services Salem, VA | $22,485,858 | $18,159,448 |
Catholic Charities Of Louisville Inc Louisville, KY | $10,972,807 | $15,581,081 |
Educare Dc Washington Dc, DC | $20,810,624 | $14,867,843 |