The Foundation For Hope Village
- Assets
- $13.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 63
- Location
- Friendswood, TX
- Founding
- 11/1967
- Data as of
- 12/2021
- EIN
- 74-6087577
Organization Overview
The Foundation For Hope Village is located in Friendswood, TX. The organization was established in 1967. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Foundation For Hope Village employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Hope Village 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 12/2021, Foundation For Hope Village generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES HOUSING, CAFE, JOB TRAINING AND RECREATIONAL ACTIVITIES TO APPROXIMATELY 49 INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN FIVE HOMES ON IT'S 18 ACRE COMPLEX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HOUSING AND RECREATIONAL ACTIVITIES TO APPROXIMATELY 55 INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN FIVE HOMES ON IT'S 18 ACRE COMPLEX.
THE ORGANIZATION PROVIDES JOB TRAINING TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH OPERATION OF A WORKSHOP AND CERAMIC SHOP WHERE THESE INDIVIDUALS PRODUCE GOODS FOR SALE THROUGH THE ORGANIZATION'S CAFE AND GIFT SHOP.
THE ORGANIZATION OPERATES A CAFE AND RESALE SHOP TO PROVIDE RESIDENTS WITH JOB OPPORTUNITIES, TO RAISE FUNDS FOR IT'S OPERATIONS AND TO CREATE COMMUNITY AWARENESS OF IT'S ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Hillenburg Director | Trustee | 2 | $0 |
Kim Brizendine Vice President | OfficerTrustee | 2 | $0 |
Maurice Estlinbaum Director | Trustee | 2 | $0 |
William G Neumann Jr President | OfficerTrustee | 2 | $0 |
Larry Taylor Director | Trustee | 2 | $0 |
Dr Reagan Ratcliff Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,023,515 |
| Investment income | $162,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,250 |
| Net Gain/Loss on Asset Sales | $258,231 |
| Net Income from Fundraising Events | $65,561 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,746,848 |
| Statement of Expenses | |
|---|---|
| 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. | $355,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,263,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,707 |
| Payroll taxes | $130,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $47,333 |
| Fees for services: Investment Management | $37,173 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,828 |
| Office expenses | $12,122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292,143 |
| Insurance | $295,102 |
| All other expenses | $0 |
| Total functional expenses | $2,747,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,793 |
| Savings and temporary cash investments | $464,314 |
| Pledges and grants receivable | $107,358 |
| Accounts receivable, net | $3,200 |
| 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 |
| Investments—publicly traded securities | $6,646,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,170,266 |
| Total assets | $13,658,465 |
| Accounts payable and accrued expenses | $19,609 |
| 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 | $87,450 |
| Total liabilities | $107,059 |
| Net assets without donor restrictions | $13,506,406 |
| Net assets with donor restrictions | $45,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,551,406 |