Hopeful Hearts Foundation
- Assets
- $989.0k
- Revenue
- $361.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Louisville, KY
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 75-3003999
Organization Overview
Hopeful Hearts Foundation is located in Louisville, KY. The organization was established in 2002. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeful Hearts Foundation 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, Hopeful Hearts Foundation generated $361.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $306.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. 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
PROVIDE SUPPORT TO ORPHANED AND AT RISK CHILDREN THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FOOD, MEDICINE, CLOTHING AND OTHER NECESSITIES TO OVER 390 ORPHANED AND AT RISK CHILDREN LIVING IN MYANMAR, OVER 30 CHILDREN LIVING IN INDIA, OVER 45 CHILDREN LIVING IN INDONESIA, OVER 45 CHILDREN LIVING IN SRI LANKA, OVER 25 CHILDREN LIVING IN HAITI, AND OVER 85 CHILDREN LIVING IN KENYA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Keith Executive Director | Trustee | 40 | $73,000 |
Luther Bakken Chairman | Officer | 8 | $0 |
Roger Garland Treasurer | Officer | 2 | $0 |
Christopher Diehl Secretary | Officer | 2 | $0 |
Jeff Bellucci Director | Trustee | 2 | $0 |
Shane Harstine Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $79,065 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $279,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $358,764 |
| Total Program Service Revenue | $0 |
| Investment income | $2,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,189 |
| 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 | $196,651 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,000 |
| Compensation of current officers, directors, key employees. | $5,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $2,190 |
| Other employee benefits | $1,815 |
| Payroll taxes | $5,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,050 |
| Travel | $1,175 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $305,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,585 |
| Savings and temporary cash investments | $709,341 |
| 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 | $6,120 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $989,046 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $989,046 |
| Total liabilities and net assets/fund balances | $989,046 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hopeful Hearts Foundation has recieved totaling $23,546.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $10,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,925 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kinnect Cleveland, OH | $1,973,106 | $10,701,974 |
Heartbeat International Inc Columbus, OH | $3,966,225 | $7,256,822 |
Shaohannahs Hope Inc Franklin, TN | $15,328,618 | $10,121,458 |
Harmony Family Center Inc Knoxville, TN | $2,827,338 | $6,099,153 |
Loving Shepherd International Services And Foundation Inc Bluffton, IN | $8,964,862 | $6,717,306 |
Cradle Society Evanston, IL | $19,568,827 | $5,191,251 |
Hoping Hearts Foundation Inc Waynesville, OH | $3,389,539 | $3,262,277 |
Gift Of Adoption Fund Inc Northbrook, IL | $3,486,215 | $3,630,758 |
Greenlight Family Services Chicago, IL | $1,290,950 | $2,398,655 |
Northeast Ohio Adoption Services Warren, OH | $885,923 | $1,874,241 |
Hope Rising Pregnancy Center Inc Dayton, OH | $2,054,594 | $1,567,674 |
Sacred Selections Murfreesboro, TN | $2,145,758 | $2,474,312 |