The Hope Effect
- Assets
- $323.0k
- Revenue
- $409.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Peoria, AZ
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2624962
Organization Overview
The Hope Effect is located in Peoria, AZ. The organization was established in 2015. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Hope Effect employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Effect 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 Effect generated $409.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $449.7k during the year ending 12/2021. While expenses have increased by 34.5% 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 HOPE EFFECT IS A NONPROFIT ORGANIZATION CHANGING HOW THE WORLD CARES (CONTINUED ON SCHEDULE O) FOR ORPHANS BY IMPLEMENTING INNOVATIVE FAMILY-BASED SOLUTIONS. WE FACILITATE FAMILY-STYLE CARE THAT PROVIDES OPPORTUNITY FOR EACH CHILD TO FLOURISH AND THRIVE IN A FAMILY ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SONORA FAMILY-STYLE CARE PROGRAM: IN SONORA, MEXICO, WE BECAME THE FIRST NONPROFIT TO RECEIVE GOVERNMENT APPROVAL TO PROVIDE FAMILY-STYLE CARE. WE ARE PARTNERING WITH THE GOVERNMENT TO IMPLEMENT THEIR NEWLY-ESTABLISHED FAMILY-STYLE CARE PROGRAM, WHICH HELPS CHILDREN GET OUT OF ORPHANAGES AND INTO LOVING FAMILIES. WE RECRUIT, EVALUATE, AND TRAIN FAMILIES TO PROVIDE CARE, ASSIST WITH CHILD PLACEMENT, AND PROVIDE MEANINGFUL FOLLOW-UP TO FAMILIES WHO WELCOME CHILDREN INTO THEIR HOMES.
CHIHUAHUA FAMILY-STYLE CARE PROGRAM: IN COOPERATION WITH OUR PARTNER ORGANIZATION, FAMILIA LIGHTSHINE, WE ASSIST THE LOCAL GOVERNMENT WITH THEIR FAMILY-STYLE CARE PROGRAM. WE ARE EXPANDING FAMILY-STYLE CARE FARTHER, FASTER. WE RECRUIT, EVALUATE, AND TRAIN FAMILIES TO PROVIDE CARE, ASSIST WITH CHILD PLACEMENT, AND PROVIDE MEANINGFUL FOLLOW-UP TO FAMILIES WHO WELCOME CHILDREN INTO THEIR HOMES.
MICHOACAN FAMILY-STYLE CARE PROGRAM: IN MICHOACAN, MEXICO, WE BECAME THE FIRST NONPROFIT TO RECEIVE GOVERNMENT APPROVAL TO PROVIDE FAMILY-STYLE CARE. WE ARE PARTNERING WITH THE GOVERNMENT TO IMPLEMENT THEIR NEWLY-ESTABLISHED FAMILY-STYLE CARE PROGRAM, WHICH HELPS CHILDREN GET OUT OF ORPHANAGES AND INTO LOVING FAMILIES. WE RECRUIT, EVALUATE, AND TRAIN FAMILIES TO PROVIDE CARE, ASSIST WITH CHILD PLACEMENT, AND PROVIDE MEANINGFUL FOLLOW-UP TO FAMILIES WHO WELCOME CHILDREN INTO THEIR HOMES.
IN CHIANG MAI, THAILAND, WE ARE HELPING ORPHANED AND VULNERABLE CHILDREN GET OUT OF ORPHANAGES AND INTO LOVING FAMILIES. THE NUMBER ONE REASON FOR FAMILY SEPARATION IN THAILAND IS POVERTY. WITH OUR PARTNERS, JOJO'S SANCTUARY, WE ARE FOCUSING ON TWO KEY AREAS: REINTEGRATION AND PREVENTION.IN SANTA ROSA DE COPAN, HONDURAS, WE ARE EXPANDING FAMILY-STYLE CARE AND HELPING GET MORE KIDS IN LOVING FAMILIES THAN EVER BEFORE. WITH OUR PARTNERS, LEGACY OF HOPE, WE ARE ON THE LEADING EDGE OF PROVIDING THIS INNOVATIVE TYPE OF ORPHAN CARE IN HONDURAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Darago Executive Director | OfficerTrustee | 40 | $87,092 |
Joshua Becker President/ceo | OfficerTrustee | 2 | $0 |
Jeff Van Egdom Secretary | OfficerTrustee | 2 | $0 |
Bk Grayson Treasurer | OfficerTrustee | 2 | $0 |
Dr Misty Adame Director Until 6-28-21 | Trustee | 2 | $0 |
Debora Garcia Director Since 10-18-21 | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,135 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $378,597 |
| Noncash contributions included in lines 1a–1f | $42,180 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $408,432 |
| Total Program Service Revenue | $0 |
| Investment income | $935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $409,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $170,449 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,373 |
| Compensation of current officers, directors, key employees. | $4,519 |
| Compensation to disqualified persons | $638 |
| Other salaries and wages | $41,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,599 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $945 |
| Advertising and promotion | $679 |
| Office expenses | $15,466 |
| Information technology | $16,386 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,768 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $618 |
| Insurance | $412 |
| All other expenses | $0 |
| Total functional expenses | $449,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,878 |
| Savings and temporary cash investments | $299,429 |
| 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 | $1,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,132 |
| Total assets | $323,027 |
| 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 | $9,939 |
| Total liabilities | $9,939 |
| Net assets without donor restrictions | $107,114 |
| Net assets with donor restrictions | $205,974 |
| 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 | $323,027 |
Grants Awarded
Over the last fiscal year, The Hope Effect has awarded $66,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: GENERAL SUPPORT FOR MISSION IN CHIHUAHUA, MEXICO | $45,000 |
Wilmington, DE PURPOSE: GENERAL SUPPORT FOR MISSION IN HONDURAS | $21,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Hope Effect has recieved totaling $10,621.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,324 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $245 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hathaway-Sycamores Child And Family Services Los Angeles, CA | $28,384,086 | $61,200,132 |
Childrens Cabinet Inc A Child And Family Resource Reno, NV | $35,960,816 | $54,256,092 |
Cocokids Inc Concord, CA | $10,471,686 | $53,023,141 |
Childhelp Inc Scottsdale, AZ | $27,663,489 | $48,183,793 |
Childrens Bureau Of Southern Calif Los Angeles, CA | $50,531,468 | $47,479,306 |
Para Los Ninos Los Angeles, CA | $25,620,640 | $46,741,167 |
Jewish Family & Childrens Service Phoenix, AZ | $35,725,821 | $43,815,904 |
Solano Family & Childrens Council Fairfield, CA | $6,189,383 | $38,720,449 |
Community Child Care Council Of Santa Clara County Inc San Jose, CA | $1,636,421 | $36,793,456 |
Larkin Street Youth Services San Francisco, CA | $40,568,485 | $46,585,374 |
Child And Family Guidance Center Northridge, CA | $11,291,544 | $29,685,186 |
Childnet Youth And Family Services Inc Long Beach, CA | $44,773,984 | $33,626,452 |