Endless Hope Private Foundation Inc
- Assets
- $6.1m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-3442356
Organization Overview
Endless Hope Private Foundation Inc is located in Dallas, TX. The organization was established in 2016. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Endless Hope Private Foundation Inc 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, Endless Hope Private Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Endless Hope Private Foundation Inc has awarded 91 individual grants totaling $3,947,149. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECONDARY EDUCATION- SCHOLARSHIP PROGRAM: FUNDS TO ASSIST UNDERPRIVILEGED INDIVIDUALS IN COMPLETING AN UNDERGRADUATE OR GRADUATE DEGREE. RECIPIENTS MUST BE APPROVED BY SELECTION COMMITTEE.
DONATIONS TO OTHER NON-PROFIT ORGANIZATIONS WITH SIMILIAR EXEMPT PURPOSE. FUNDS WERE DISTRIBUTED TO THOSE IN NEED OF FINANCIAL ASSISTANCE WENT FOR THOSE IN NEED AND FOR EDUCATION ASSISTANCE.
DONATIONS OF CASH AND DIRECT PAYMENT OF CONSTRUCTION EXPENSES TO ASSIST THE BUILDING OF NEW CHURCH FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Assaad Director | 1 | $0 | |
Bassam Assaad Director | 2 | $0 | |
Sarah Assaad Director | 1 | $0 | |
Maha Assaad Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,018,826 |
| Interest on Savings | $345 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,019,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $16,187 |
| Pension plans, employee benefits | $0 |
| Interest | $19,606 |
| Taxes | $7,096 |
| Depreciation | $7,329 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,816 |
| Total operating and administrative expenses | $73,876 |
| Contributions, gifts, grants paid | $2,934,483 |
| Total expenses and disbursements | $3,008,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,410,112 |
| Savings and temporary cash investments | $3,500,387 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $197,989 |
| Other assets | $0 |
| Total assets | $6,108,488 |
| Accounts payable and accrued expenses | $61,800 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $49,542 |
| Mortgages and other notes payable | $2,480,950 |
| Other liabilities | $2,152 |
| Total liabilities | $2,594,444 |
Grants Awarded
Over the last fiscal year, Endless Hope Private Foundation Inc has awarded $2,934,483 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Carrollton, TX PURPOSE: SUPPORT TO CHURCH; CASH AND DIRECT PAYMENT OF CONSTRUCTION EXPENSES OF NEW FACILITIES | $2,703,305 |
MARIA ASSAAD PURPOSE: ASSISTANCE WITH SECONDARY EDUCATION TUITION | $78,464 |
MISC DONATIONS PURPOSE: ASSISTANCE TO OTHER PUBLIC CHARITIES THAT SUPPORT SIMILAR EXEMPT CAUSES | $20,681 |
HUSSAIN LOAY FREIH SWEISS PURPOSE: ASSISTANCE WITH SECONDARY EDUCATION TUITION | $16,567 |
Fort Worth, TX PURPOSE: ASSISTANCE WITH PAYMENT OF MEDICAL EXPENSES FOR LOW INCOME FAMILIES | $15,429 |
CHILDREN'S MIRACLE NETWORK HOSPITAL PURPOSE: ASSISTANCE WITH PAYMENT OF MEDICAL EXPENSES FOR LOW INCOME FAMILIIES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |
Greehey Family Foundation San Antonio, TX | $169,607,829 | $20,192,503 |
Eula Mae And John Baugh Foundation Jersey Village, TX | $172,592,135 | $27,686,076 |