Hope And Home
- Assets
- $15.1m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 99
- Location
- Colorado Springs, CO
- Founding
- 10/1998
- Data as of
- 08/2023
- EIN
- 84-1467476
Organization Overview
Hope And Home is located in Colorado Springs, CO. The organization was established in 1998. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 08/2023, Hope And Home employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope And Home 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 08/2023, Hope And Home generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $7.6m during the year ending 08/2023. While expenses have increased by 12.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO END HOMELESSNESS FOR CHILDREN IN EL PASO COUNTY, COLORADO AND SURROUNDING AREAS THROUGH TIMELY, PERMANENT REUNIFICATION OF FOSTER CHILDREN WITH THEIR FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOPE AND A HOME TO ABANDONED CHILDREN BY PLACING THEM IN SAFE, HEALTHY FOSTER HOMES OR THROUGH ADOPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Laubach Chairman | OfficerTrustee | 3 | $0 |
Teresa Tirona Vice Chairman | OfficerTrustee | 2 | $0 |
Kelly Duffy Director | Trustee | 1 | $0 |
Dr Mateen Elass Director | Trustee | 1 | $0 |
Cheryl Johnson Director | Trustee | 1 | $0 |
Dr George Cresswell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,393 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $879,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $949,603 |
| Total Program Service Revenue | $8,377,751 |
| Investment income | $264,415 |
| 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 | $9,594,180 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,436 |
| Compensation of current officers, directors, key employees. | $49,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,357,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $187,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,165 |
| Office expenses | $175,528 |
| Information technology | $57,935 |
| Royalties | $0 |
| Occupancy | $53,711 |
| Travel | $60,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $61,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,576 |
| Insurance | $122,309 |
| All other expenses | $87,320 |
| Total functional expenses | $7,557,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,898 |
| Savings and temporary cash investments | $1,195,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $492,234 |
| 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 | $88,620 |
| Net Land, buildings, and equipment | $2,123,018 |
| Investments—publicly traded securities | $9,945,211 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $623,009 |
| Total assets | $15,066,637 |
| Accounts payable and accrued expenses | $573,382 |
| 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 | $1,228,533 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $623,009 |
| Total liabilities | $2,424,924 |
| Net assets without donor restrictions | $12,503,967 |
| Net assets with donor restrictions | $137,746 |
| 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 | $15,066,637 |