Hoping Hearts Foundation Inc
- Assets
- $3.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Waynesville, OH
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-1966036
Organization Overview
Hoping Hearts Foundation Inc is located in Waynesville, OH. The organization was established in 2010. According to its NTEE Classification (P31) the organization is classified as: Adoption, under the broad grouping of Human Services and related organizations. As of 12/2021, Hoping Hearts Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hoping Hearts 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 12/2021, Hoping Hearts Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 5.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HOPING HEARTS FOUNDATION WAS CREATED TO BRING FOCUS TO THE GROWING WORLD-WIDE ORPHAN PROBLEM, ADDRESS THE CAUSES LEADING TO CHILDREN BECOMING ORPHANS, AND SUPPORT FAMILIES IN THEIR QUEST TO ADOPT WITH FINANCIAL ASSISTANCE AND TIMELY INFORMATION TO FACILITATE THE ADOPTION PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADOPTION ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles L Fortener Founder/president And Boar | OfficerTrustee | 25 | $60,000 |
Michael D Grimes Board Member | Trustee | 0.25 | $0 |
Connie Rotterman Board Member | Trustee | 0.25 | $0 |
Thomas J Rotterman Board Member | Trustee | 0.25 | $0 |
Daniel Chip James Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,085,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,113,204 |
| 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 | $149,073 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,262,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,725,195 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,338 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,100 |
| Fees for services: Accounting | $17,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,175 |
| Advertising and promotion | $3,188 |
| Office expenses | $5,718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,156,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,983 |
| Savings and temporary cash investments | $2,644,792 |
| Pledges and grants receivable | $482,764 |
| 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 | $3,389,539 |
| Accounts payable and accrued expenses | $11,762 |
| 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 | $11,762 |
| Net assets without donor restrictions | $3,377,777 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,389,539 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Hoping Hearts Foundation Inc has recieved totaling $2,769,352.
| Awarding Organization | Amount |
|---|---|
Pure Inc Bentonville, AR PURPOSE: GENERAL SUPPORT | $2,600,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $60,708 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $39,325 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $30,500 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $12,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kinnect Cleveland, OH | $1,973,106 | $10,701,974 |
Heartbeat International Inc Columbus, OH | $3,966,225 | $7,256,822 |
Loving Shepherd International Services And Foundation Inc Bluffton, IN | $8,964,862 | $6,717,306 |
Adoptions From The Heart Inc Wynnewood, PA | $4,106,626 | $4,132,540 |
Lutheran Adoption Services Inc Detroit, MI | $2,453,871 | $3,808,020 |
Adoption And Foster Care Specialist Inc Swartz Creek, MI | $2,643,450 | $3,544,160 |
Hands Across The Water Inc Ann Arbor, MI | $1,450,759 | $3,266,574 |
Childrens Aid Home Programs Of Somerset County Inc Somerset, PA | $454,918 | $3,534,315 |
Three Rivers Adoption Council Pittsburgh, PA | $2,802,890 | $3,351,442 |
Hoping Hearts Foundation Inc Waynesville, OH | $3,389,539 | $3,262,277 |
Adoption Option Inc Midland, MI | $1,274,352 | $2,305,089 |
Adoption Connection Pa Beaver, PA | $2,468,328 | $2,346,082 |