Hope Center At Pullen Inc
- Assets
- $1.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 34
- Location
- Raleigh, NC
- Founding
- 01/2009
- Data as of
- 12/2023
- EIN
- 61-1570567
Organization Overview
Hope Center At Pullen Inc is located in Raleigh, NC. The organization was established in 2009. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Hope Center At Pullen Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Center At Pullen 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, Hope Center At Pullen Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 11.4% 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
THE HOPE CENTER AT PULLEN EMPOWERS EMERGING ADULTS WHO ARE TRANSITIONING OUT OF FOSTER CARE IN WAKE COUNTY WITH THE SUPPORT AND CONNECTIONS NEEDED FOR A SAFE AND STABLE ADULTHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE BEGIN WORKING WITH FOSTER YOUTH WHEN THEY TURN 13. OUR YOUTH PROGRAMS OFFER TUTORING, MENTORS, INTERNSHIP OPPORTUNITIES AND LIFE SKILLS CLASSSES TO TEENS IN FOSTER CARE. OUR WORK CONTINUES THROUGH OUR TRANSITION PROGRAM WHICH SERVES YOUTH AGES 18-24 (27 IF THEY ARE PARENTING). OUR STAFF USES TRAUMA-INFORMED CARE AND FOLLOWS HOUSING FIRST BEST PRACTICES TO HELP FORMER FOSTER YOUTH ACHIEVE AND MAINTAIN SAFE, STABLE HOUSING WHILE COACHING THEM ON THEIR JOURNEY TO ADULTHOOD. ONCE OUR YOUTH ARE STABLY HOUSED WE ARE ABLE TO HELP THEM ACHIEVE THEIR EDUCATIONAL AND EMPLOYMENT GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn King Director | Trustee | 1 | $0 |
Y Canaan Huie Director | Trustee | 1 | $0 |
Katie Test Davis Director | Trustee | 1 | $0 |
Warren Ludwig Director | Trustee | 1 | $0 |
Asif Samad Chair | OfficerTrustee | 1 | $0 |
Cathy Tamsberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $100,952 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $319,622 |
| All other contributions, gifts, grants, and similar amounts not included above | $689,269 |
| Noncash contributions included in lines 1a–1f | $14,616 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,109,843 |
| Total Program Service Revenue | $0 |
| Investment income | $9,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,400 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $98,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,219,820 |
| 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. | $93,568 |
| Compensation of current officers, directors, key employees. | $10,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,340 |
| Pension plan accruals and contributions | $5,853 |
| Other employee benefits | $63,869 |
| Payroll taxes | $41,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,454 |
| Advertising and promotion | $3,552 |
| Office expenses | $27,918 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,604 |
| Travel | $0 |
| 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 | $4,982 |
| Insurance | $9,560 |
| All other expenses | $0 |
| Total functional expenses | $1,163,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,901 |
| Savings and temporary cash investments | $483,918 |
| Pledges and grants receivable | $172,799 |
| Accounts receivable, net | $3,206 |
| 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 | $24,478 |
| Net Land, buildings, and equipment | $16,107 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150,247 |
| Total assets | $1,301,656 |
| Accounts payable and accrued expenses | $27,740 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| 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 | $148,734 |
| Total liabilities | $177,974 |
| Net assets without donor restrictions | $1,033,825 |
| Net assets with donor restrictions | $89,857 |
| 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 | $1,301,656 |