Hope Center Foundation
- Assets
- $50.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 26-1590757
Organization Overview
Hope Center Foundation is located in Plano, TX. The organization was established in 2008. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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 Center 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, Hope Center Foundation generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOPE CENTER FOUNDATION OPERATES A MULTI-TENANT NON-PROFIT FACILITY FOR 501(C)(3) CHRISTIAN ORGANIZATIONS FOR THE PURPOSES OF RELIGIOUS WORSHIP, EDUCATION, FELLOWSHIP, AND ADMINISTRATION. THE MISSION OF THE HOPE CENTER FOUNDATION IS TO STRENGTHEN THE IMPACT OF CHRISTIAN MINISTRIES - WORLDWIDE. THE VISION IS TO PROCLAIM TO THE WHOLE WORLD OUR HOPE IN JESUS CHRIST ALONE. ALL ACTIVITIES AT THE HOPE CENTER ARE DEFINED BY THESE DISTINCT PRIORITIES IN ACCORDANCE WITH THE HOPE CENTER STATEMENT OF FAITH, WHICH IS INCORPORATED FOR REFERENCE. THE 185,000 SQUARE FOOT FACILITY IS OFFICE HOME TO OVER 60 MINISTRIES WHO ENGAGE IN LOCAL AND GLOBAL ACTS OF SERVICE AND WORSHIP IN CONJUNCTION WITH CHRISTIAN MINISTRIES COMMITTED TO CARRYING OUT THE GREAT COMMISSION OF JESUS CHRIST. COLLECTIVELY, THE MINISTRIES HAVE SHARED THE LOVE OF CHRIST TO OVER 120 CITIES IN TEXAS AND ALMOST EVERY COUNTRY IN THE WORLD.
SERVICE: PROVIDE ON-SITE CONFERENCES AND EVENT SPACES, AVAILABLE FOR FREE TO MINISTRY TENANTS AND FOR AN AFFORDABLE PRICE TO MISSION CONSISTENT NON-TENANT MINISTRIES. THIS VISIBILITY AND INTERACTION ENHANCES THE TENANT AND NON-TENANT MINISTRIES IN EXPOSURE FOR DONORS, VOLUNTEERS, AND THOSE RECEPTIVE TO THE GOSPEL OF JESUS CHRIST.
STEWARDSHIP: THE HOPE CENTER MANAGES MANY DAY-TO-DAY SUPPORT AND SYNERGY BUILDING ACTIVITIES FOR THE NON-PROFIT TENANTS, PROVIDING SUCH THINGS AS INTERNET AND WIRELESS CONNECTIVITY, TELEPHONE, ON-SITE TECHNOLOGY HELP SERVICES AND LEASE RATES ALL AT MINISTRY AFFORDABLE LEVELS. THIS PROVIDES MINISTRIES MORE EFFICIENT TIME, ENERGY, AND RESOURCE ALLOCATION IN ORDER TO FOCUS ON THEIR CORE MISSIONS AND CHRISTIAN MINISTRY PASSIONS RATHER THAN THE COSTLY CHALLENGE OF MANAGING DAY-TO-DAY OPERATIONS OF NON-CORE AREAS.
SYNERGY: OVER 15 SYNERGY GROUPS, ESSENTIALLY BUILDING-WIDE MONTHLY COLLABORATIVE GROUPS CENTERED ON A SPECIFIC MINISTRY TOPIC, COMMENCED IN 2015 AND COLLECTIVELY NOW BENEFIT FROM OVER 220 MEMBER PARTICIPANTS. THESE GROUPS FOSTER COLLABORATIVE RELATIONSHIPS BETWEEN MINISTRIES, WHICH HAVE CONTRIBUTED TO IMPACT ALMOST EVERY COUNTRY IN THE WORLD.
THE HOPE CENTER FOUNDATION OPERATES A MULTI-TENANT NON-PROFIT FACILITY FOR 501(C)(3) CHRISTIAN ORGANIZATIONS FOR THE PURPOSES OF RELIGIOUS WORSHIP, EDUCATION, FELLOWSHIP, AND ADMINISTRATION. THE MISSION OF THE HOPE CENTER FOUNDATION IS TO STRENGTHEN THE IMPACT OF CHRISTIAN MINISTRIES - WORLDWIDE. THE VISION IS TO PROCLAIM TO THE WHOLE WORLD OUR HOPE IN JESUS CHRIST ALONE. ALL ACTIVITIES AT THE HOPE CENTER ARE DEFINED BY THESE DISTINCT PRIORITIES IN ACCORDANCE WITH THE HOPE CENTER STATEMENT OF FAITH, WHICH IS INCORPORATED FOR REFERENCE. THE 185,000 SQUARE FOOT FACILITY IS OFFICE HOME TO OVER 60 MINISTRIES WHO ENGAGE IN LOCAL AND GLOBAL ACTS OF SERVICE AND WORSHIP IN CONJUNCTION WITH CHRISTIAN MINISTRIES COMMITTED TO CARRYING OUT THE GREAT COMMISSION OF JESUS CHRIST. COLLECTIVELY, THE MINISTRIES HAVE SHARED THE LOVE OF CHRIST TO OVER 120 CITIES IN TEXAS AND ALMOST EVERY COUNTRY IN THE WORLD.
SERVICE: PROVIDE ON-SITE CONFERENCES AND EVENT SPACES, AVAILABLE FOR FREE TO MINISTRY TENANTS AND FOR AN AFFORDABLE PRICE TO MISSION CONSISTENT NON-TENANT MINISTRIES. THIS VISIBILITY AND INTERACTION ENHANCES THE TENANT AND NON-TENANT MINISTRIES IN EXPOSURE FOR DONORS, VOLUNTEERS, AND THOSE RECEPTIVE TO THE GOSPEL OF JESUS CHRIST.
STEWARDSHIP: THE HOPE CENTER MANAGES MANY DAY-TO-DAY SUPPORT AND SYNERGY BUILDING ACTIVITIES FOR THE NON-PROFIT TENANTS, PROVIDING SUCH THINGS AS INTERNET AND WIRELESS CONNECTIVITY, TELEPHONE, ON-SITE TECHNOLOGY HELP SERVICES AND LEASE RATES ALL AT MINISTRY AFFORDABLE LEVELS. THIS PROVIDES MINISTRIES MORE EFFICIENT TIME, ENERGY, AND RESOURCE ALLOCATION IN ORDER TO FOCUS ON THEIR CORE MISSIONS AND CHRISTIAN MINISTRY PASSIONS RATHER THAN THE COSTLY CHALLENGE OF MANAGING DAY-TO-DAY OPERATIONS OF NON-CORE AREAS.
SYNERGY: OVER 15 SYNERGY GROUPS, ESSENTIALLY BUILDING-WIDE MONTHLY COLLABORATIVE GROUPS CENTERED ON A SPECIFIC MINISTRY TOPIC, COMMENCED IN 2015 AND COLLECTIVELY NOW BENEFIT FROM OVER 220 MEMBER PARTICIPANTS. THESE GROUPS FOSTER COLLABORATIVE RELATIONSHIPS BETWEEN MINISTRIES, WHICH HAVE CONTRIBUTED TO IMPACT ALMOST EVERY COUNTRY IN THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Dixon Chief Operations Off | 40 | $138,751 | |
Allen B West President & Ceo, Director (part Year) | 40 | $92,500 | |
April Chastain Operations & Events | 40 | $90,731 | |
Cynthia Obregon Operations Assistant | 40 | $62,831 | |
Michelle Leigh Fuquay Dev. Exec, Asst. & D | 40 | $54,882 | |
June Hunt Board Chair, Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Starlight Cleaning Services | 12/30/21 | $170,894 |
Salmon Sims Thomas & Associates | 12/30/21 | $171,120 |
Spice Concessions Llc | 12/30/21 | $133,308 |
Salmon Sims Thomas & Associates | 12/30/21 | $171,120 |
Integris Llc | 12/30/21 | $168,315 |
Verias General Constructors Llc | 12/30/21 | $234,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $597,696 |
| Interest on Savings | $5,021 |
| Dividends & Interest | $0 |
| Net Rental Income | $2,289,402 |
| 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 | $265,745 |
| Total Revenue | $3,157,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,500 |
| Other employee salaries and wages | $513,555 |
| Pension plans, employee benefits | $57,163 |
| Interest | $186,351 |
| Taxes | $47,934 |
| Depreciation | $1,100,303 |
| Occupancy | $943,796 |
| Travel, conferences, and meetings | $4,212 |
| Printing and publications | $13,163 |
| Other expenses | $219,533 |
| Total operating and administrative expenses | $3,779,191 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,779,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,700 |
| Savings and temporary cash investments | $1,539,218 |
| Net Accounts receivable | $3,134 |
| Net Pledges Receivable | $10,728,113 |
| Grants receivable | $159,648 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,825 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $38,122,971 |
| Other assets | $0 |
| Total assets | $50,591,609 |
| Accounts payable and accrued expenses | $103,590 |
| Grants payable | $0 |
| Deferred revenue | $160,271 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $11,057,266 |
| Other liabilities | $250,149 |
| Total liabilities | $11,571,276 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope Center Foundation has recieved totaling $56,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $46,000 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nelda C And H J Lutcher Stark Foundation Orange, TX | $0 | $13,068,953 |
The Lanier Theological Library Foundation Houston, TX | $165,460,506 | $161,744,141 |
Kemper And Leila Williams Foundation New Orleans, LA | $0 | $33,926,761 |
Tom T East Sr & Alice K East & Alice H East & Robert C East Wildl San Antonio, TX | $502,937,323 | $12,880,402 |
The Caldwell Foundation Tyler, TX | $113,613,733 | $12,178,826 |
Jones Trust Springdale, AR | $87,208,961 | $7,926,357 |
Whole Kids Foundation Austin, TX | $20,924,486 | $5,788,036 |
Carl And Marilynn Thoma Art Foundation Santa Fe, NM | $0 | $36,422,281 |
Hope Center Foundation Plano, TX | $50,591,609 | $3,157,864 |
Brian D Patterson Usa - International Foundation Burkburnett, TX | $91,124 | $1,600,664 |
Shearn Moody Plaza Corporation Galveston, TX | $0 | $2,031,035 |
Dhr Health Institute For Research & Development Edinburg, TX | $765,777 | $2,008,327 |