Childrens Hopechest Inc
- Assets
- $1.2m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Palmer Lake, CO
- Founding
- 03/1995
- Data as of
- 09/2022
- EIN
- 33-0430285
Organization Overview
Childrens Hopechest Inc is located in Palmer Lake, CO. The organization was established in 1995. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2022, Childrens Hopechest Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Hopechest 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 09/2022, Childrens Hopechest Inc generated $5.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $5.7m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOPE AND HELP TO ORPHANS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S HOPECHEST DEVELOPS HIGHLY RELATIONAL, COMMUNITY-TO-COMMUNITY PARTNERSHIPS BETWEEN CHRISTIAN COMMUNITIES IN NORTH AMERICA AND COMMUNITIES OF ORPHANED AND VULNERABLE CHILDREN IN 5 COUNTRIES. WE BELIEVE THE MOST TRANSFORMATIONAL, HOLISTIC, SUSTAINABLE, AND LONG-TERM CHANGE OCCURS WHEN ONE COMMUNITY PARTNERS WITH ANOTHER. CHILDREN'S HOPECHEST ENGAGES CHURCHES, BUSINESSES, AND OTHER CHRISTIAN COMMUNITIES IN LONG-TERM PARTNERSHIPS THAT HELP ORPHANS SURVIVE, THRIVE AND SUCCEED WITHIN THEIR HOME CULTURES BY:* EMPOWERING LOCAL LEADERS TO SHARE THE GOSPEL, REDUCE POVERTY, AND CREATE SELF-SUFFICIENCY FOR EVERY CHILD.* EQUIPPING PARTNERING COMMUNITIES TO DIRECTLY ENGAGE IN HEALTHY, INTERNATIONAL DEVELOPMENT PRACTICES.* ADDRESSING THE COMPLEX CAUSES OF POVERTY, INCLUDING MATERIAL, SPIRITUAL, EMOTIONAL, SOCIAL, ECONOMIC, AND EDUCATIONAL NEEDS.* TENDING TO THE CHILD'S HOLISTIC NEEDS FOR SURVIVAL COMMUNITY, EDUCATION, AND EMPLOYMENT.* TRANSFORMING THE LIVES OF CHILDREN THROUGH A FOCUS ON SUSTAINABILITY, INDEPENDENCE, AND LONG-TERM SELF-SUFFICIENCY,* TRANSFORMING THE LIVES OF THE PARTNERING COMMUNITY MEMBERS THROUGH EXPOSURE, EDUCATION, RELATIONSHIP, AND SERVICE.
DEVELOPMENT PROJECTS INVOLVE THE SETUP OF SUCH INFRASTRUCTURE AS WATER SYSTEMS, CHURCHES, SCHOOLS, AND LIBRARIES. THEY ALSO FUND SUSTAINABILITY - PROMOTING PROGRAMS THAT INCLUDE ARTISANSHIP, AGRICULTURE, MICRO-FINANCE, AND VOCATIONAL BUSINESS LEADERSHIP. THESE PROJECTS HELP HOPECHEST REACH THE BROADEST AUDIENCE SURROUNDING ORPHANED AND VULNERABLE CHILDREN.
HOPECHEST VISION TRIPS AND PARTNER VISITS FACILITATE UP-CLOSE AND HANDS-ON SERVICE AND RELATIONSHIP BUILDING FOR PARTNERS DESIRING THE PERSONAL TOUCH AND EXPERIENCE OF CONNECTING TO THEIR PARTNERED CAREPOINT OR PROJECT. THESE RELATIONSHIP-BUILDING VISITS ARE KEY TO BUILDING TRUST AND INVOLVEMENT IN THE LONG-TERM RELATIONSHIP WITH THESE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Sparks President And CEO | OfficerTrustee | 40 | $151,448 |
Wil Crooks VP Of Strategic Partnerships | 40 | $101,140 | |
Leona Strait Controller | Officer | 40 | $64,786 |
Jeff Wertheim Board Secretary | OfficerTrustee | 1 | $0 |
Sally Townsend Board Chairperson | OfficerTrustee | 1 | $0 |
Jeff Wilson Board Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,778,835 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,778,835 |
| Total Program Service Revenue | $0 |
| Investment income | $2,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,781,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,204,742 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $262,976 |
| Compensation of current officers, directors, key employees. | $161,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,221,169 |
| Pension plan accruals and contributions | $45,064 |
| Other employee benefits | $100,618 |
| Payroll taxes | $81,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $450 |
| Fees for services: Accounting | $17,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $196,216 |
| Advertising and promotion | $11,337 |
| Office expenses | $54,166 |
| Information technology | $84,314 |
| Royalties | $0 |
| Occupancy | $221,558 |
| Travel | $235,297 |
| 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 | $33,873 |
| Insurance | $2,098 |
| All other expenses | $0 |
| Total functional expenses | $5,668,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,152 |
| Savings and temporary cash investments | $610,204 |
| Pledges and grants receivable | $40,495 |
| 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 | $35,271 |
| Net Land, buildings, and equipment | $79,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172,438 |
| Total assets | $1,198,325 |
| Accounts payable and accrued expenses | $103,816 |
| 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 | $173,849 |
| Total liabilities | $277,665 |
| Net assets without donor restrictions | $20,410 |
| Net assets with donor restrictions | $900,250 |
| 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 | $1,198,325 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Childrens Hopechest Inc has recieved totaling $95,341.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $33,296 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Human Services | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,505 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $9,865 |
American Endowment Foundation Hudson, OH PURPOSE: INTERNATIONAL | $6,080 |
Don And Anne Stager Foundation Austin, TX PURPOSE: SUPPORT FOR CHILDREN LIVING IN POVERTY | $3,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bethesda Ministries Colorado Springs, CO | $4,747,799 | $19,748,922 |
Mercy Without Limits Inc Overland Park, KS | $12,804,274 | $19,965,180 |
Humanitarian Experience Inc Salt Lake City, UT | $1,258,081 | $14,822,616 |
Lifting Hands International Salt Lake City, UT | $502,685 | $8,241,355 |
Childrens Hopechest Inc Palmer Lake, CO | $1,198,325 | $5,781,383 |
Opportunity Education Foundation Aurora, CO | $3,852,642 | $9,119,900 |
Educate Denver, CO | $12,591,345 | $6,072,389 |
Free The Oppressed Colorado Springs, CO | $6,590,953 | $9,061,725 |
Love Justice International Lincoln, NE | $1,486,894 | $4,623,371 |
Love In Action Colorado Springs, CO | $123,482,303 | $32,008,733 |
Hope 4 Kids International Phoenix, AZ | $1,831,552 | $4,256,777 |
World Hunger Ecumenical Arizona Task Force Inc Phoenix, AZ | $1,022,972 | $3,945,748 |