Boys Hope Girls Hope
- Assets
- $1.3m
- Revenue
- $620.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Detroit, MI
- Founding
- 12/1979
- Data as of
- 06/2022
- EIN
- 38-2536444
Organization Overview
Boys Hope Girls Hope is located in Detroit, MI. The organization was established in 1979. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Boys Hope Girls Hope employed 17 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Boys Hope Girls Hope 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 06/2022, Boys Hope Girls Hope generated $620.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $791.4k during the year ending 06/2022. 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
TO NURTURE AND GUIDE MOTIVATED YOUNG PEOPLE IN NEED TO BECOME WELL- EDUCATED, CAREER-READY MEN AND WOMEN FOR OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO NURTURE AND GUIDE MOTIVATED YOUNG PEOPLE IN NEED TO BECOME WELL- EDUCATED, CAREER-READY MEN AND WOMEN FOR BOYS HOPE GIRLS HOPE HELPS ACADEMICALLY CAPABLE AND MOTIVATED YOUNG PEOPLE IN NEED TO MEET THEIR FULL POTENTIAL AND BECOME WELL-EDUCATED, CAREER-READY MEN AND WOMEN FOR OTHERS BY PROVIDING VALUE-CENTERED, FAMILY-LIKE HOMES, OPPORTUNITIES AND EDUCATION THROUGH COLLEGE. OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Limbaugh Executive Director | Officer | 1 | $93,000 |
Mark Hebert Director | Trustee | 1 | $0 |
Paul Garwood Director | Trustee | 1 | $0 |
Daniel J Dulworth Director | Trustee | 1 | $0 |
David Noonan Director | Trustee | 1 | $0 |
Bryan Marx Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $135,201 |
| Related organizations | $30,771 |
| Government grants | $98,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $307,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,558 |
| Total Program Service Revenue | $0 |
| Investment income | $10,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,931 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $620,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $67,655 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,000 |
| Compensation of current officers, directors, key employees. | $17,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,192 |
| Payroll taxes | $32,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,055 |
| Advertising and promotion | $0 |
| Office expenses | $7,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,417 |
| Travel | $0 |
| 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 | $41,905 |
| Insurance | $39,236 |
| All other expenses | $0 |
| Total functional expenses | $791,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,120 |
| 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 | $2,083 |
| Net Land, buildings, and equipment | $217,165 |
| Investments—publicly traded securities | $591,736 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,312,386 |
| Accounts payable and accrued expenses | $8,371 |
| 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 | $53,924 |
| Other liabilities | $0 |
| Total liabilities | $62,295 |
| Net assets without donor restrictions | $1,185,091 |
| Net assets with donor restrictions | $65,000 |
| 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 | $1,312,386 |