Hope Elizabeth Foundation
- Assets
- $3.3m
- Revenue
- $120.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 75-2627591
Organization Overview
Hope Elizabeth Foundation is located in Fort Worth, TX. The organization was established in 1996. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Elizabeth Foundation 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 12/2023, Hope Elizabeth Foundation generated $120.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $120.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS IN THE INFANCY STAGES OF DEVELOPING A YOUTH CAMP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wesley Pastusek Chairman | 5 | $0 | |
Michael John Pastusek Director | 2 | $0 | |
Anna Leigh Pastusek Director | 2 | $0 | |
Kimberly Leigh Phelps Director | 2 | $0 | |
Lisa Kay Hilgemeier Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,048 |
| Interest on Savings | $444 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,021 |
| Depreciation | $82,317 |
| Occupancy | $28,456 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,164 |
| Total operating and administrative expenses | $120,808 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $120,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,464 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,176,299 |
| Other assets | $0 |
| Total assets | $3,293,763 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $165,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $165,000 |
Grants Awarded
Over the last fiscal year, Hope Elizabeth Foundation has awarded $2,600 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS BAPTIST UNIVERSITY PURPOSE: BIG IDEA CHALLENGE | $1,100 |
JESSE WEBB PURPOSE: SCHOLARSHIP | $1,500 |