Claras Hope
- Assets
- $394.8k
- Revenue
- $288.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Fenton, MI
- Founding
- Data as of
- 12/2023
- EIN
- 84-2467379
Organization Overview
Claras Hope is located in Fenton, MI. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Claras Hope employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Claras Hope 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 12/2023, Claras Hope generated $288.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $262.0k during the year ending 12/2023. 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 HELP LOCAL FOSTER AND ADOPTEE FAMILIES ACHIEVE SUCCUESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLARA'S HOPE PROVIDES SUPPORT SERVICES TO FOSTER AND ADOPTIVE FAMILIES IN GENESEE AND LIVINGSTON COUNTIES. SERVICES INCLUDE HOME BASED SUPPORT WITH AN EXPERIENCED SOCIAL WORKER, SCHOLARSHIPS FOR TRAUMA/ATTACHMENT THERAPY, ASSISTANCE WITH TANGIBLE ITEMS NEEDED FOR NEW OR ONGOING CHILD PLACEMENTS, FAMILY EVENTS, AND VOLUNTEER RECRUITMENT AND CONNECTION FOR ADDITIONAL SUPPORT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Kromer Founder & Di | Officer | 40 | $20,257 |
Joanne Adams President | OfficerTrustee | 1.38 | $0 |
Karen Byrne Secretary | OfficerTrustee | 1.36 | $0 |
Trisia Gotham Member | Trustee | 0.3 | $0 |
Alexa Hofstra Treasurer | OfficerTrustee | 0.88 | $0 |
Kevin Johnson Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,453 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,188 |
| Noncash contributions included in lines 1a–1f | $53,234 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,641 |
| Total Program Service Revenue | $0 |
| Investment income | $4,978 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,324 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $288,943 |
| 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. | $20,257 |
| Compensation of current officers, directors, key employees. | $10,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,081 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,043 |
| Payroll taxes | $8,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,234 |
| Advertising and promotion | $904 |
| Office expenses | $4,173 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,001 |
| Travel | $0 |
| 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 | $9,785 |
| Insurance | $4,398 |
| All other expenses | $2,179 |
| Total functional expenses | $261,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,064 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $11,452 |
| Net Land, buildings, and equipment | $810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,459 |
| Total assets | $394,785 |
| Accounts payable and accrued expenses | $6,671 |
| Grants payable | $0 |
| Deferred revenue | $17,700 |
| 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 | $95,459 |
| Total liabilities | $119,830 |
| Net assets without donor restrictions | $274,955 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $394,785 |