Kids N Hope Foundation Inc
- Assets
- $355.7k
- Revenue
- $596.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 23-2859981
Organization Overview
Kids N Hope Foundation Inc is located in Philadelphia, PA. The organization was established in 1997. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kids N Hope Foundation Inc 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 12/2022, Kids N Hope Foundation Inc generated $596.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $612.4k during the year ending 12/2022. While expenses have increased by 29.0% per year over the past 7 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 2017, Kids N Hope Foundation Inc has awarded 25 individual grants totaling $1,662,207. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILDREN'S HEALTH AND LIFE SERVICES, SPECIFICALLY MUSIC THERAPY AT THE CHILDREN'S HOSPITAL OF PHILADELPHIA AND OTHER LOCAL HOSPITALS AND NON-PROFIT ORGANIZATIONS WITHIN AMERICAN HERITAGE FCU'S WORKPLACE PARTNERSHIP PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT CHILDREN'S HOSPITAL OF PHILADELPHIA'S MUSIC THERAPY PROGRAM WHICH IS THE PRESCRIBED USE OF MUSIC BY A QUALIFIED PERSON TO EFFECT POSITIVE CHANGES IN THE PSYCHOLOGICAL, PHYSICAL, COGNITIVE, OR SOCIAL FUNCTIONING OF INDIVIDUALS WITH HEALTH OR EDUCATIONAL PROBLEMS.
ALL OTHER PROGRAM SERVICES INCLUDE DONATIONS TO SPIN, CATHOLIC COMMUNITY SERVICES, CORA SERVICES, KENCREST CENTERS, PROVIDENCE CENTER, ST. MARY MEDICAL CENTER, FEDERAL EARLY LEARNING SERVICES, AND DOYLESTOWN HOSPITAL FOUNDATIONS. INDIVIDUAL DONATIONS RANGED FROM $5,000 TO $7,500 AND ALL SUPORTED MUSIC AND MUSIC THERAPY AT THE LISTED ORGANIZATIONS.
TO SUPPORT GRAND VIEW HEALTH'S VISITING MUSIC PROGRAM AT THEIR CHILDREN'S CENTER.
TO SUPPORT THE MUSIC THERAPY PROGRAMS IN PLACE AT JEFFERSON HEALTH FOUNDATION'S FRANKFORD AND TORRESDALE LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Foulke President | OfficerTrustee | 1 | $0 |
Brian Schmitt Treasurer | OfficerTrustee | 1 | $0 |
Brian Hahn Chief Operating Officer | OfficerTrustee | 1 | $0 |
Todd Kimball Vice Chairperson | Trustee | 0.05 | $0 |
Lisa Perry Harley Secretary | Trustee | 0.05 | $0 |
Arthur Jones Development Officer | Trustee | 0.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $121,139 |
| Fundraising events | $196,644 |
| Related organizations | $294,561 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,631 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,975 |
| Total Program Service Revenue | $0 |
| Investment income | $583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$35,211 |
| Net Income from Gaming Activities | $8,430 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $562,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $33,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $536 |
| Advertising and promotion | $6,169 |
| Office expenses | $0 |
| Information technology | $4,710 |
| Royalties | $0 |
| Occupancy | $10 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,468 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $250 |
| Total functional expenses | $612,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $355,738 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $355,738 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $355,738 |
| Total liabilities and net assets/fund balances | $355,738 |
Grants Awarded
Over the last fiscal year, Kids N Hope Foundation Inc has awarded $532,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL OF PHILADELPHIA PURPOSE: MUSIC THERAPY PROGRAM | $500,000 |
JEFFERSON HEALTH NORTHEAST FOUNDATION PURPOSE: MUSIC THERAPY | $10,000 |
ST MARY MEDICAL CENTER FOUNDATION PURPOSE: PEDIATRIC MUSIC THERAPY | $7,500 |
GRAND VIEW HEALTH FOUNDATION PURPOSE: VISITING MUSIC PROGRAM | $7,500 |
DOYLESTOWN HEALTH FOUNDATIONS PURPOSE: MUSIC THERAPY | $7,500 |