Love Builds Hope Foundation

Organization Overview

Love Builds Hope Foundation is located in Brownsville, TX. As of 06/2021, Love Builds Hope Foundation employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Love Builds Hope 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 06/2021, Love Builds Hope Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 41.7% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 37.6% per year over the past 2 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.

Since 2021, Love Builds Hope Foundation has awarded 40 individual grants totaling $766,191. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE LOVE BUILDS HOPE FOUNDATION IS TO FINANCIALLY SUPPORT THE SPIRITUAL, EDUCATIONAL, AND SOCIAL NEEDS OF THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE INITIAL WORK OF THE FOUNDATION INVOLVED STRATEGIC PLANNING AND PREPARATION FOR A COMPREHENSIVE DIOCESAN CAMPAIGN WITH A GOAL TO RAISE $24 MILLION TO SUSTAIN AND PROMOTE CATHOLIC PARISHES, MISSION, SCHOOLS, MINISTRIES, AND AGENCIES. A CAMPAIGN TEAM WAS DEVELOPED AND TRAINED TO ANIMATE THE CAMPAIGN. THIS REPRESENTED NEW HIRES FOR THE LOVE BUILDS HOPE FOUNDATION AND CONTRACTUALLY ENGAGING STAFF FROM GREATER MISSION LED BY THEIR PRESIDENT, THOMAS SONNI. DIGITAL AND PRINT CAMPAIGN MATERIALS WERE DESIGNED AND PRODUCED FOR THE CAMPAIGN. THE CAMPAIGN IS POSITIONED TO HAVE A TRANSFORMATIONAL IMPACT ON THE LIFE OF THE CHURCH AT THE PARISH, SCHOOL, AND DIOCESAN LEVELS, EXPANDING AND ENHANCING HOW ONE OF THE POOREST REGIONS IN THE NATION IS MINISTERED AND SERVED. THE INVESTMENT IN THIS EFFORT WAS MADE BY THE DIOCESE OF BROWNSVILLE THROUGH THE CATHOLIC FOUNDATION OF THE RIO GRANDE VALLEY. GIVEN THE COVID-19 PANDEMIC, CHURCHES WERE SHUT DOWN AND THE CAMPAIGNS DESIGNED TO TAKE PLACE IN EVERY PARISH OVER A SERIES OF THREE TO FOUR WAVES WAS SUSPENDED. THE LOVE BUILDS HOPE FOUNDATION PIVOTED TO FOCUS ON RAISING LEAD GIFTS FOR THE NEW PRIORITY OF HELPING ITS PARISHES AND SCHOOLS TO RECOVER FROM A DRAMATIC LOSS IN THEIR INCOME, AS WELL AS MEET THE NEEDS OF PEOPLE IN THE "COLONIASCOMMUNITIES WHERE THEY SERVE. THE RGV CRISIS RESPONSE FUND WAS ESTABLISHED AND MORE THAN $1.3 MILLION HAS ALREADY BEEN PLEDGED TOWARD IT, DESPITE THE SEVERE ECONOMIC DOWNTURN IN THE RIO GRANDE VALLEY AND THE REQUIREMENT TO CONDUCT MOST SOLICITATIONS THROUGH ONLINE GROUP EVENTS VIA ZOOM. THAT SUCCESS HAS ALSO HELPED POSITION THE DIOCESE OF BROWNSVILLE FOR SUCCESS IN ITS PARISH LEAD GIFTS AND FULL CAMPAIGN EFFORTS ONCE THEY CAN BE RESUMED.


DUE TO THE COVID-19 PANDEMIC, THE LOVE BUILDS HOPE FOUNDATION HAS SHIFTED ITS FOCUS FROM AN OVERARCHING CAPITAL CAMPAIGN TO A TARGETED CRISIS RESPONSE FUND, ADDRESSING THE MOST URGENT NEEDS OF OUR PARISHES, SCHOOLS AND DIOCESAN AGENCIES AFFECTED BY THE PANDEMIC. THE CRISIS RESPONSE FUND IS ACTIVELY WORKING TO PROVIDE ASSISTANCE AND RELIEF TO 60 PARISHES AND 9 CATHOLIC SCHOOLS WITHIN THE CATHOLIC DIOCESE OF BROWNSVILLE.


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Board, Officers & Key Employees

Name (title)Compensation
Bishop Daniel E Flores
President
$0
Bishop Mario A Aviles
Vice President
$0
Jack Graham
Secretary/treasurer
$0
Israel Ramon
Member
$0
Lorena Castillo
Member
$0
Rosvel Pruneda
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$74,256
Government grants $7,000
All other contributions, gifts, grants, and similar amounts not included above$1,027,995
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,109,251
Total Program Service Revenue$0
Investment income $0
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 $1,109,251

Grants Awarded

Over the last fiscal year, Love Builds Hope Foundation has awarded $766,191 in support to 40 organizations.

Grant RecipientAmount

MOTHER CABRINI CHURCH (PHARR)

Org PageRecipient Profile

Pharr, TX

PURPOSE: HELP PARISHES PAY ESSENTIAL EXPENSES SUCH AS STAFFING, UTILITIES, AND PROPERTY INSURANCE AND CONTINUE THEIR DAILY MINISTRY OPERATIONS.

$71,427

ST ANNE CHURCH (PHARR)

Org PageRecipient Profile

Pharr, TX

PURPOSE: REPLACEMENT METAL ROOF FOR CHURCH

$69,091

ST THERESA CHURCH (EDCOUCH)

PURPOSE: HELP PARISHES PAY ESSENTIAL EXPENSES SUCH AS STAFFING, UTILITIES, AND PROPERTY INSURANCE AND CONTINUE THEIR DAILY MINISTRY OPERATIONS.

$50,800

HOLY FAMILY CHURCH (LA GRULLA)

Org PageRecipient Profile

La Grulla, TX

PURPOSE: EMERGENCY REPAIRS IN PARISH OFFICES

$46,084

SAN MARTIN DE PORRES SCHOOL (WESLACO)

Org PageRecipient Profile

Weslaco, TX

PURPOSE: FUNDS DESIGNATED TO HELP CATHOLIC SCHOOLS CONTINUE THEIR SOCIAL AND PASTORAL WORK TO THEIR STUDENTS, FAMILIES, AND COMMUNITIES.

$42,463

OUR LADY QUEEN OF THE UNIVERSE (SAN BENITO)

PURPOSE: HELP PARISHES PAY ESSENTIAL EXPENSES SUCH AS STAFFING, UTILITIES, AND PROPERTY INSURANCE AND CONTINUE THEIR DAILY MINISTRY OPERATIONS.

$28,794
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