Childrens Flight Of Hope Inc
- Assets
- $2.7m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Raleigh, NC
- Founding
- 11/1991
- Data as of
- 12/2023
- EIN
- 56-1762824
Organization Overview
Childrens Flight Of Hope Inc is located in Raleigh, NC. The organization was established in 1991. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. As of 12/2023, Childrens Flight Of Hope Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Flight Of Hope Inc 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, Childrens Flight Of Hope Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 20.7% per year over the past 9 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
CHILDREN'S FLIGHT OF HOPE PROVIDES FLIGHTS TO SPECIALIZED MEDICAL CARE FOR CHILDREN IN NEED AND ENSURES THAT DISTANCE AND THE COST OF TRAVEL ARE NOT BARRIERS TO LIFE-CHANGING, LIFE-SUSTAINING, OR LIFE-SAVING CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S FLIGHT OF HOPE (CFOH) PROVIDES AIR TRANSPORTATION TO SPECIALIZED CARE FOR CHILDREN IN NEED. THROUGH THE GENEROSITY OF SPONSORS, DONORS, AND PARTNERS, CFOH PROVIDES FLIGHTS FOR CHILDREN AND A PARENT OR GUARDIAN AS MANY TIMES AS NEEDED FOR THE DURATION OF THE HEALTHCARE JOURNEY. WHILE OUR ROOTS BEGAN WITH A PRIVATE FLIGHT MODEL, THE MAJORITY OF OUR CHILDREN TRAVEL VIA COMMERCIAL AIRLINES, ALLOWING US TO BETTER USE RESOURCES TO SERVE AS MANY CHILDREN AS POSSIBLE. WITHOUT CFOH MANY FAMILIES WOULD BE FORCED TO POSTPONE CARE, DRIVE THOUSANDS OF MILES, OR FORGO TREATMENT ALTOGETHER. WE BELIEVE THAT NEITHER DISTANCE NOR EXPENSE SHOULD PREVENT CHILDREN FROM RECEIVING LIFE SUSTAINING, LIFE ALTERING, OR LIFESAVING CARE. ALL CHILDREN SERVED BY CFOH EXPERIENCE IMPROVED ACCESS TO SPECIALIZED HEALTH CARE OTHERWISE NOT AVAILABLE IN THEIR LOCAL COMMUNITIES. THEY ARE TREATED BY THE BEST OF THE BEST AT NATIONALLY TOP RANKED HOSPITALS AND HEALTHCARE CENTERS. THE WORDS OF NEED AND GRATITUDE DRIVE THE CFOH COMMUNITY TO SUPPORT EVERY FAMILY THAT TURNS TO US. IN 2023 WE SERVED FAMILIES FROM 48 STATES AND 27 COUNTRIES PROVIDING FLIGHTS AS OFTEN AS THEY NEED WHETHER EVERY FEW WEEKS OR JUST ONE TIME. OUR APPLICATION PROCESS VERIFIES MEDICAL AND FINANCIAL HARDSHIP WHICH MUST BE VERIFIED ANNUALLY TO ENSURE WE FULFILL OUR NONPROFIT COMMITMENT AND EFFECTIVELY AND EFFICIENTLY USE THE RESOURCES DONATED TO US THROUGH THE KINDNESS OF OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Wade Board Chair | OfficerTrustee | 4 | $0 |
Deborah Nunn Secretary | OfficerTrustee | 4 | $0 |
Rick Gardner Immediate Past Chair | OfficerTrustee | 2 | $0 |
Joe Dillon Treasurer & Incoming Chair | OfficerTrustee | 4 | $0 |
Matt Callahan Board Member | Trustee | 1 | $0 |
Jeff Causey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,362,287 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,372,965 |
| Noncash contributions included in lines 1a–1f | $873,389 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,735,252 |
| Total Program Service Revenue | $0 |
| Investment income | $67,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $293,808 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,116,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,195,504 |
| Grants and other assistance to Foreign Orgs/Individuals | $624,779 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $167,235 |
| Compensation of current officers, directors, key employees. | $42,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,017 |
| Payroll taxes | $37,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,085 |
| Advertising and promotion | $38,904 |
| Office expenses | $29,405 |
| Information technology | $21,325 |
| Royalties | $0 |
| Occupancy | $44,632 |
| Travel | $32,023 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,278 |
| Insurance | $16,171 |
| All other expenses | $0 |
| Total functional expenses | $2,809,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,868,988 |
| Savings and temporary cash investments | $818,958 |
| Pledges and grants receivable | $31,512 |
| Accounts receivable, net | $10,296 |
| 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 | $12,015 |
| Net Land, buildings, and equipment | $2,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,872 |
| Total assets | $2,746,780 |
| Accounts payable and accrued expenses | $56,349 |
| 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 | $56,349 |
| Net assets without donor restrictions | $2,615,431 |
| Net assets with donor restrictions | $75,000 |
| 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 | $2,746,780 |