Bob And Dolores Hope Charitable Foundation
- Assets
- $87.3m
- Revenue
- $10.9m
- Investments
- $83.3m
- Employees
- 0
- Location
- Burbank, CA
- Founding
- 01/1962
- Data as of
- 12/2021
- EIN
- 95-6048629
Organization Overview
Bob And Dolores Hope Charitable Foundation is located in Burbank, CA. The organization was established in 1962. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bob And Dolores Hope Charitable 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, Bob And Dolores Hope Charitable Foundation generated $10.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Bob And Dolores Hope Charitable Foundation has awarded 248 individual grants totaling $38,144,059. 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
CREATION OF A COLLECTION OF MEMORABILIA, PAPERS, PHOTOS , AWARDS, WARDROBES FROM SHOWS AND MANY THREE-DIMENSIONAL OBJECTS, I.E., STATUES SHOWCASING MEMORABLE MOMENTS FROM BOB HOPE'S LIFE.
RESTORATION OF THE LOS ANGELES VA CHAPEL DEDICATED TO BOB HOPE, LOCATED IN THE LOS ANGELES NATIONAL CEMETERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Montalto Pres./dir. | 35 | $495,000 | |
James Hardy Archivist | 35 | $90,913 | |
John Peter Vp/treasurer | 8 | $70,000 | |
Ken Levy 'til 121 Director | 5 | $65,000 | |
John Peter 'til 121 Treas./dir. | 5 | $65,000 | |
Ken Levy VP Marketing | 8 | $60,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Montalto Cpa Llc | 12/30/15 | $58,333 |
Pkf O'connor Davies Llp | 12/30/15 | $178,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,608,706 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,799,027 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,020,902 |
| Capital Gain Net Income | $1,020,902 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $475,076 |
| Total Revenue | $10,903,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $665,000 |
| Other employee salaries and wages | $371,747 |
| Pension plans, employee benefits | $55,849 |
| Interest | $0 |
| Taxes | $117,782 |
| Depreciation | $0 |
| Occupancy | $132,603 |
| Travel, conferences, and meetings | $22,000 |
| Printing and publications | $0 |
| Other expenses | $209,121 |
| Total operating and administrative expenses | $1,839,238 |
| Contributions, gifts, grants paid | $2,629,703 |
| Total expenses and disbursements | $4,468,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,125 |
| Savings and temporary cash investments | $3,309,691 |
| 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 | $108,531 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,261 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,904,767 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $461,308 |
| Total assets | $87,291,209 |
| Accounts payable and accrued expenses | $42,083 |
| Grants payable | $1,325,000 |
| Deferred revenue | $83,333 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $339,128 |
| Total liabilities | $1,789,544 |
Grants Awarded
Over the last fiscal year, Bob And Dolores Hope Charitable Foundation has awarded $3,824,704 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: NATIONAL WORLD WAR II MUSEUM | $1,418,753 |
BOB HOPE USO PURPOSE: BOB HOPE READING PROGRAM | $379,092 |
MONARCH SCHOOL PURPOSE: GENERAL SUPPORT | $347,609 |
San Antonio, TX PURPOSE: GENERAL SUPPORT | $292,016 |
US VETS PURPOSE: GENERAL SUPPORT | $287,024 |
EASTERSEALS SOUTHERN CALIFORNIA PURPOSE: BOB HOPE VETERANS SUPPORT PROGRAM | $189,546 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |