Hope Supply Co
- Assets
- $2.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Dallas, TX
- Founding
- 11/1989
- Data as of
- 12/2022
- EIN
- 75-2284779
Organization Overview
Hope Supply Co is located in Dallas, TX. The organization was established in 1989. 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 12/2022, Hope Supply Co employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Supply Co 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, Hope Supply Co generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 5.4% 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
HOPE SUPPLY CO., HEREIN THE ORGANIZATION, IS A NOT-FOR-PROFIT CORPORATION WHICH PROVIDES ESSENTIALS SUCH AS DIAPERS, WIPES, HYGIENE ITEMS, SCHOOL SUPPLIES, CLOTHING AND TOYS TO HOMELESS AND AT-RISK CHILDREN IN THE DFW METROPLEX AND SURROUNDING NORTH TEXAS COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE SUPPLY CO.'S CRITICAL NEEDS PROGRAM PROVIDES NECESSITIES FOR BABIES AND TODDLERS IN NEED. THIS INCLUDES BUT IS NOT LIMITED TO DIAPERS, WIPES, RASH CREAM, HYGIENE ITEMS, WINTER COATS, CLOTHING, BABY FOOD AND FORMULA. STUDIES SHOW THAT HAVING THE BASICS HELPS BABIES TO THRIVE AND IMPROVES HEALTH OUTCOMES DRAMATICALLY FOR BOTH BABY AND MOTHER. WORKING THROUGH VETTED PARTNER AGENCIES WITH ALIGNED MISSIONS, HOPE SUPPLY CO. IS ABLE TO HELP BREAK THE CYCLE OF HOMELESSNESS AND POVERTY BY ALLOWING PARTNER AGENCIES TO CONCENTRATE ON THEIR WRAP AROUND SERVICES SUCH AS COUNSELING AND MENTAL HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Johnson CEO | Officer | 45 | $152,666 |
Rob Snyder Chair | OfficerTrustee | 3 | $0 |
Grant Ferrell Vice-Chairman | OfficerTrustee | 3 | $0 |
Kim Hext Vice-Chairman | OfficerTrustee | 3 | $0 |
Justin C Bauer Secretary | OfficerTrustee | 3 | $0 |
Eric Williams Treasurer | OfficerTrustee | 3 | $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 | $4,157,783 |
| Noncash contributions included in lines 1a–1f | $2,816,333 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,157,783 |
| Total Program Service Revenue | $146,124 |
| Investment income | $16,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $103,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,423,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,594,785 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,666 |
| Compensation of current officers, directors, key employees. | $3,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $398,561 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,602 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,687 |
| Advertising and promotion | $0 |
| Office expenses | $30,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,666 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,008 |
| Insurance | $11,227 |
| All other expenses | $61,827 |
| Total functional expenses | $4,424,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,695 |
| Savings and temporary cash investments | $1,446,917 |
| 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 | $189,482 |
| Prepaid expenses and deferred charges | $12,449 |
| Net Land, buildings, and equipment | $193,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $316,290 |
| Total assets | $2,698,583 |
| Accounts payable and accrued expenses | $98,065 |
| Grants payable | $0 |
| Deferred revenue | $10,807 |
| 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 | $311,867 |
| Total liabilities | $420,739 |
| Net assets without donor restrictions | $2,038,759 |
| Net assets with donor restrictions | $239,085 |
| 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 | $2,698,583 |