Helping Hands For Single Moms
- Assets
- $846.2k
- Revenue
- $1.3m
- Investments
- $308.5k
- Employees
- 5
- Location
- Phoenix, AZ
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 68-0489835
Organization Overview
Helping Hands For Single Moms is located in Phoenix, AZ. The organization was established in 2002. According to its NTEE Classification (S81) the organization is classified as: Womens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Helping Hands For Single Moms employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helping Hands For Single Moms 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 12/2022, Helping Hands For Single Moms generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $952.3k during the year ending 12/2022. While expenses have increased by 7.7% 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
HELPING HANDS FOR SINGLE MOMS PROGRAM ASSISTS LOW-INCOME SINGLE MOM FAMILIES WHILE THE MOTHER PURSUES A POST-SECONDARY EDUCATION, FINANCIAL INDEPENDENCE AND A POSITIVE FAMILY LEGACY. OUR SCHOLARSHIP PLUS PROGRAM PROVIDES AN ANNUAL 3,000 SCHOLARSHIP WITH EXTENSIVE WRAPAROUND SERVICES, ADDRESSING THE UNIQUE CHALLENGES FACED BY SINGLE MOM COLLEGE STUDENTS. THESE SERVICES INCLUDE: AUTO REPAIR, DENTAL AND OPTICAL CARE, PROFESSIONAL AND LEGAL COUNSELING SERVICES, COMPUTER TECH ASSISTANCE, CARPET CLEANING, TICKETS TO PROFESSIONAL EVENTS, HOLIDAY GIFTS, MENTORING, FINANCIAL MANAGEMENT WORKSHOPS, AND MONTHLY SINGLE MOMS NETWORK MEETINGS. SINCE 2002, HELPING HANDS HAS ASSISTED MORE THAN 550 SINGLE MOM POST-SECONDARY EDUCATION STUDENTS (AND THEIR CHILDREN) AS THEY HAVE PURSUED A COLLEGE OR TECHNICAL DEGREE. 357 SINGLE MOMS HAVE GRADUATED WITH AN AVERAGE STARTING SALARY OF OVER 63,000.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE TO SINGLE MOTHERS IN ATTAINING THE EDUCATION AND JOB SKILLS THAT WILL EMPOWER THEM TO PROVIDE FOR THEMSELVES AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Hudak President | OfficerTrustee | 1 | $0 |
Imad Hatoum Treasurer | OfficerTrustee | 1 | $0 |
Rachel Martin Secretary | OfficerTrustee | 1 | $0 |
Dr Rick Knopf Director | Trustee | 1 | $0 |
Jason Castle Director | Trustee | 1 | $0 |
Michelle Jordan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,168,149 |
| Noncash contributions included in lines 1a–1f | $254,511 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,168,149 |
| Total Program Service Revenue | $0 |
| Investment income | $3,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $770 |
| Net Income from Fundraising Events | $92,916 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,267,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,800 |
| Grants and other assistance to domestic individuals. | $236,213 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,288 |
| Compensation of current officers, directors, key employees. | $6,329 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,892 |
| Payroll taxes | $16,079 |
| 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 | $1,872 |
| Fees for services: Other | $63,972 |
| Advertising and promotion | $15 |
| Office expenses | $9,080 |
| Information technology | $15,081 |
| Royalties | $0 |
| Occupancy | $5,803 |
| Travel | $8,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,053 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,327 |
| All other expenses | $76,172 |
| Total functional expenses | $952,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,252 |
| Savings and temporary cash investments | $446,252 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $308,459 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,217 |
| Total assets | $846,180 |
| Accounts payable and accrued expenses | $40,910 |
| 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 | $40,910 |
| Net assets without donor restrictions | $746,373 |
| Net assets with donor restrictions | $58,897 |
| 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 | $846,180 |