Favre 4 Hope Inc
- Assets
- $1.4m
- Revenue
- $120.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Gulfport, MS
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 64-0870371
Organization Overview
Favre 4 Hope Inc is located in Gulfport, MS. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Favre 4 Hope 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, Favre 4 Hope Inc generated $120.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $172.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Favre 4 Hope Inc has awarded 74 individual grants totaling $1,112,492. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CHARITABLE ORGANIZATIONS WHOSE FOCUS IS TO PROVIDE SUPPORT FOR DISADVANTAGED CHILDREN WHO RESIDE IN MISSISSIPPI, WISCONSIN, AND MINNESOTA. THE PROCEEDS FROM THE FOUNDATION'S FUNDRAISERS WILL BE DISTRIBUTED TO CHARITABLE ORGANIZATIONS IN MISSISSIPPI, WISCONSIN, AND MINNESOTA WHO MEET THIS CRITERIA. ADDITIONALLY, THE FOUNDATION PROVIDES SUPPORT TO NON PROFITS THAT PROVIDE ASSISTANCE TO BREAST CANCER PATIENTS IN MISSISSIPPI, WISCONSIN, AND MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROCEEDS FROM CONTRIBUTIONS AND SPECIAL EVENTS ARE DISTRIBUTED TO OUR NONPROFIT CHARITY PARTNERS IN MISSISSIPPI AND WISCONSIN TO PROVIDE AID TO DISADVANTAGED AND DISABLED CHILDREN. ADDITIONALLY, THE FOUNDATION PROVIDES SUPPORT TO NONPROFITS THAT PROVIDE ASSISTANCE TO BREAST CANCER PATIENTS IN MISSISSIPPI AND WISCONSIN.
THE PROCEEDS FROM CONTRIBUTIONS AND SPECIAL EVENTS ARE DISTRIBUTED TO OUR NONPROFIT CHARITY PARTNERS IN MISSISSIPPI AND WISCONSIN TO PROVIDE AID TO DISADVANTAGED AND DISABLED CHILDREN. ADDITIONALLY, THE FOUNDATION PROVIDES SUPPORT TO NONPROFITS THAT PROVIDE ASSISTANCE TO BREAST CANCER PATIENTS IN MISSISSIPPI AND WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Favre Chairman | OfficerTrustee | $0 | |
Deanna Favre President/ce | OfficerTrustee | $0 | |
Mike Daniels Director | Trustee | $0 | |
Frank Bertucci Jr Director | Trustee | $0 | |
Susan Walker Director | Trustee | $0 | |
Robert L Culumber Director | Trustee | $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 | $40,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,349 |
| Total Program Service Revenue | $0 |
| Investment income | $32,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,078 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,482 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,314 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $130,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,091 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $482 |
| Travel | $144 |
| 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 | $144 |
| Insurance | $0 |
| All other expenses | $207 |
| Total functional expenses | $172,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,432 |
| Savings and temporary cash investments | $20,620 |
| 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 | $3,112 |
| Investments—publicly traded securities | $1,251,321 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,378,485 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,378,485 |
| 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 | $1,378,485 |
Grants Awarded
Over the last fiscal year, Favre 4 Hope Inc has awarded $125,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Marquette, MI | | $25,000 |
Hattiesburg, MS PURPOSE: HEALTH | $10,000 |
SPECIAL OLYMPICS OF MS PURPOSE: HEALTH | $10,000 |
Waveland, MS PURPOSE: CHILDREN'S HEALTH | $10,000 |
New London, WI PURPOSE: MENTAL HEALTH SVCS | $10,000 |
Hattiesburg, MS PURPOSE: HEALTH AND EDUCATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Favre 4 Hope Inc has recieved totaling $15,600.
| Awarding Organization | Amount |
|---|---|
Gulf Coast Community Foundation Inc Gulfport, MS PURPOSE: GENERAL SUPPORT | $15,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |
Chattanooga Chamber Foundation Chattanooga, TN | $7,015,826 | $5,758,264 |
Community Foundation Of Southwest Louisiana Lake Charles, LA | $22,288,301 | $3,534,763 |
Youth Programs Inc Memphis, TN | $5,211,246 | $2,447,133 |
Birmingham Civil Rights Institute Birmingham, AL | $869,585 | $2,120,246 |
Slingshot Memphis Inc Memphis, TN | $2,015,540 | $2,902,886 |
Nashville Predators Foundation Nashville, TN | $2,368,851 | $1,691,719 |
Womens Fund Of Greater Birmingham Birmingham, AL | $6,816,261 | $4,344,648 |