Hope Choice Inc
- Assets
- $4.2m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 36
- Location
- Amarillo, TX
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 75-2195169
Organization Overview
Hope Choice Inc, operating under the name Carenet Pregnancy Centers, is located in Amarillo, TX. The organization was established in 1988. According to its NTEE Classification (E40) the organization is classified as: Reproductive Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Carenet Pregnancy Centers employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carenet Pregnancy Centers 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, Carenet Pregnancy Centers generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 5.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HOPE CHOICE, INC. IS TO EQUIP, MENTOR, AND STRENGTHEN FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREGNANCY TESTS AND SUPPORT SERVICES ARE PROVIDED FREE TO THE GENERAL PUBLIC.
ABSTINENCE & MENTORING PROGRAMS: PRESENTATIONS GIVEN ON ABSTINENCE, CHARACTER, AND LEADERSHIP TO SCHOOLS, CHURCHES, AND CIVIC ORGANIZATIONS, AND THROUGH RETREATS.
CHRISTIAN COMMUNITY FOR COLLEGE STUDENTS FOCUSED ON REACHING THE LOST AND PREPARING STUDENTS TO LIVE A POWERFUL LIFE WORTHY OF THE GOSPEL OF CHRIST VIA EVENTS, WEEKLY ACTIVITIES AND MEETINGS, MISSION TRIPS, AND BIBLE STUDIES.
BENEVOLENCE PROGRAM: PROVIDED BABY CLOTHES, CRIBS, CAR SEATS, DIAPERS, ETC. TO CLIENTS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Gibbs Exec. Dir | Officer | 40 | $166,000 |
Jeff Sumpter Treasurer | OfficerTrustee | $0 | |
Josh Wood Vice Preside | OfficerTrustee | $0 | |
Michael Haning President | OfficerTrustee | $0 | |
Brandon Wing Secretary | OfficerTrustee | $0 | |
Kristin Deright Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,569 |
| Membership dues | $0 |
| Fundraising events | $559,324 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,553,575 |
| Noncash contributions included in lines 1a–1f | $95,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,116,468 |
| Total Program Service Revenue | $16,920 |
| Investment income | $1,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$52,846 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,491 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,085,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,589 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,000 |
| Compensation of current officers, directors, key employees. | $29,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $761,365 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $69,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $555 |
| Fees for services: Accounting | $9,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $50,305 |
| Advertising and promotion | $12,858 |
| Office expenses | $20,243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,883 |
| Travel | $18,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,016 |
| Interest | $2,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,095 |
| Insurance | $40,637 |
| All other expenses | $28,251 |
| Total functional expenses | $1,598,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $733,252 |
| Savings and temporary cash investments | $1,034,153 |
| Pledges and grants receivable | $5,671 |
| 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 | $32,502 |
| Net Land, buildings, and equipment | $2,431,814 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,900 |
| Other assets | $0 |
| Total assets | $4,247,292 |
| Accounts payable and accrued expenses | $168,919 |
| 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 | $189,498 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $358,417 |
| Net assets without donor restrictions | $3,365,299 |
| Net assets with donor restrictions | $523,576 |
| 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 | $4,247,292 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Hope Choice Inc has recieved totaling $305,508.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $205,500 |
Amarillo Area Foundation Inc Amarillo, TX PURPOSE: GENERAL SUPPORT | $78,328 |
American Endowment Foundation Hudson, OH PURPOSE: HEALTH, GENERAL | $11,000 |
Harrington Cancer And Health Foundation Amarillo, TX PURPOSE: PROMOTE HEALTH | $6,000 |
Textron Charitable Trust 540 008 Providence, RI PURPOSE: MATCHING GIFT TO CIVIC AGENCY | $4,300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $380 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Planned Parenthood San Antonio San Antonio, TX | $1,582,784 | $3,592,954 |
Lubbock Childrens Health Clinic Lubbock, TX | $3,696,195 | $2,667,057 |
Permian Basin Womens Resource Center Inc Midland, TX | $4,240,785 | $2,858,430 |
Care Net Pregnancy Center Of Central Texas Waco, TX | $6,336,415 | $2,798,209 |
Austin Lifecare Inc Austin, TX | $2,522,938 | $3,821,105 |
Wholelife Authentic Care Provider Network Fort Worth, TX | $500,134 | $1,711,685 |
Dar A Luz Birth & Health Center Los Ranchos, NM | $694,087 | $2,082,699 |
Hope Choice Inc Amarillo, TX | $4,247,292 | $2,085,861 |
Corpus Christi Pregnancy Center Inc Corpus Christi, TX | $2,210,110 | $2,049,626 |
Arlington Pregnancy Center Inc Arlington, TX | $6,428,213 | $2,479,473 |
Involved For Life Inc Dallas, TX | $1,773,255 | $1,503,064 |
Woman To Woman Pregnancy Resource Center Inc Denton, TX | $742,063 | $1,282,569 |