Hope Stone Inc
- Assets
- $191.6k
- Revenue
- $345.7k
- Investments
- $0.0
- Employees
- 52
- Location
- Houston, TX
- Founding
- 10/1997
- Data as of
- 05/2023
- EIN
- 76-0519238
Organization Overview
Hope Stone Inc is located in Houston, TX. The organization was established in 1997. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2023, Hope Stone Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Stone 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 05/2023, Hope Stone Inc generated $345.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $345.0k during the year ending 05/2023. While expenses have increased by 5.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOPE STONE, INC. UNLOCKS THE INNATE CREATIVITY OF YOUNG PEOPLE AND ADULTS THROUGH OUR OUTREACH PROGRAMS WITH A VISION OF ART FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTS OUTREACH EDUCATION CLASSES: THE HOPE PROJECT IS AN ARTS OUTREACH EDUCATION PROGRAM REACHING DIVERSE POPULATIONS, AT-RISK SCHOOL CHILDREN AGES 2-18, HOMELESS YOUTH AND THE ELDERLY. STUDENTS PARTICIPATE IN DANCE, MUSIC, & THEATER CLASSES TAUGHT BY PROFESSIONAL WORKING ARTISTS. THE GOAL OF THIS PROGRAM IS TO DEVELOP CREATIVE CITIZENS WHO LEARN TEAMWORK, COMPASSION AND PROBLEM-SOLVING SKILLS THAT ARE ESSENTIAL TO THE SUCCESS OF OUR GROWING COMMUNITIES AND BUSINESSES.
HOPE STONE DANCE, CREATED IN 1997 AND BASED IN HOUSTON, TX, STAGES COMPELLING AND ACCESSIBLE NEW WORKS THAT CHALLENGE, ENTERTAIN AND EDUCATE AUDIENCES. THEIR PERFORMANCES ARE POWERFUL, JOYFUL, AND INTIMATELY HUMAN, CONNECTING TO BOTH CHILDREN AND ADULTS THROUGH THE POWER OF LIVE AND ACCESSIBLE ART IN ACCESSIBLE PLACES. WITH OUR VISION OF "ART FOR ALL", WE BELIEVE THAT ART CAN BE PERFORMED ANYWHERE, WHICH OPENS THE DOOR FOR ANYONE TO VIEW AND EXPERIENCE IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Newman Chair | OfficerTrustee | 1 | $0 |
Jessica Feist-Henderson Vice Chair | OfficerTrustee | 1 | $0 |
Gabrielle Greiner Secretary | OfficerTrustee | 1 | $0 |
Lisa Shorb Treasurer | OfficerTrustee | 1 | $0 |
Lauren Anderson Director | Trustee | 1 | $0 |
Monica Rhodes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $296,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,619 |
| Total Program Service Revenue | $32,075 |
| Investment income | $0 |
| 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 | $345,694 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $1,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,447 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,449 |
| Payroll taxes | $20,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,717 |
| Advertising and promotion | $270 |
| Office expenses | $2,705 |
| Information technology | $4,356 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162 |
| Insurance | $7,761 |
| All other expenses | $24,357 |
| Total functional expenses | $345,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,585 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,557 |
| Accounts payable and accrued expenses | $2,004 |
| Grants payable | $0 |
| Deferred revenue | $37,620 |
| 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 | $39,624 |
| Net assets without donor restrictions | $151,933 |
| 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 | $191,557 |