Hope For The Future Charity
- Assets
- $111.2k
- Revenue
- $35.9k
- Investments
- $81.1k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 20-8106779
Organization Overview
Hope For The Future Charity is located in Houston, TX. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public 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. Hope For The Future Charity 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, Hope For The Future Charity generated $35.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $35.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hope For The Future Charity has awarded 14 individual grants totaling $153,196. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Meacham Director | 0 | $0 | |
Randy Meacham Director | 0 | $0 | |
Randy Meacham Director | 0 | $0 | |
Susan Meacham Director | 0 | $0 | |
Kristyn Meacham Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,000 |
| Interest on Savings | $0 |
| 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 | -$112 |
| Total Revenue | $35,888 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $612 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $647 |
| Contributions, gifts, grants paid | $34,318 |
| Total expenses and disbursements | $34,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,852 |
| Savings and temporary cash investments | $0 |
| 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 | $15,300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $81,077 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $111,229 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hope For The Future Charity has awarded $34,318 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COMPASSION INTERNATIONAL PURPOSE: CONTRIBUTION | $2,144 |
FELLOWSHIP OF THE WOODLANDS PURPOSE: CONTRIBUTION | $25,000 |
HOPE MEDIA GROUP PURPOSE: CONTRIBUTION | $2,562 |
KSBJ PURPOSE: CONTRIBUTION | $2,500 |
WORLD VISION PURPOSE: CONTRIBUTION | $2,112 |