Hearts For Moms Inc
- Assets
- $256.7k
- Revenue
- $327.2k
- Investments
- $100.0k
- Employees
- 4
- Location
- West Palm Beach, FL
- Founding
- 03/2018
- Data as of
- 06/2022
- EIN
- 82-1615669
Organization Overview
Hearts For Moms Inc is located in West Palm Beach, FL. The organization was established in 2018. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2022, Hearts For Moms Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts For Moms 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 06/2022, Hearts For Moms Inc generated $327.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 67.2% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES TO ENRICH THE LIVES OF SINGLE MOMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTANCE AND RESOURCES PROVIDED SUCH AS TRANSPORTATION, CHILD CARE, DIAPERS, EDUCATION, HOUSING AND OTHER NEEDS PROVIDED FOR THIRTEEN SINGLE MOMS. TWO MOMS RECEIVED CARS (USED CARS). RENT SUBSIDIES WAS PROVIDED FOR TEN MOMS. CHILD CARE HELP WAS PROVIDED FOR 10 CHILDREN. FOUR MOMS RECEIVED ASSISTANCE WITH EDUCATIONAL EXPENSES. FOOD AND DIAPER EXPENSES WERE ALSO PROVIDED AS NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marj Witham Treasurer | Officer | 5 | $0 |
Angela Ball President | Officer | 40 | $0 |
Denny Megginson Secretary | Officer | 2 | $0 |
Julie Mullins Pastor Director | Trustee | 2 | $0 |
Renee Cole Director | Trustee | 2 | $0 |
Gilda D Green Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $138,542 |
| Related organizations | $0 |
| Government grants | $188,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $69,714 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,160 |
| Total Program Service Revenue | $0 |
| 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 | $327,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $179,342 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $22,600 |
| Compensation of current officers, directors, key employees. | $22,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,640 |
| Advertising and promotion | $12,023 |
| Office expenses | $11,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,061 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,933 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $758 |
| Insurance | $952 |
| All other expenses | $3,042 |
| Total functional expenses | $332,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $740 |
| 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 | $3,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550 |
| Total assets | $256,747 |
| Accounts payable and accrued expenses | $1,540 |
| 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 | $1,540 |
| Net assets without donor restrictions | $0 |
| 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 | $255,207 |
| Total liabilities and net assets/fund balances | $256,747 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hearts For Moms Inc has recieved totaling $56,500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $53,000 |
Owen Charitable Foundation Jupiter, FL PURPOSE: GENERAL PURPOSE | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health And Palliative Services Of The Treasure Coast Inc Stuart, FL | $2,374,554 | $13,582,731 |
Cathedral Foundation Of Jacksonville Inc Jacksonville, FL | $15,816,927 | $6,127,257 |
Adoption Related Services Of Pinellas Inc Pinellas Park, FL | $637,716 | $1,890,069 |
Residential Housing Affiliates Inc Atlanta, GA | $2,579,357 | $247,752 |
Gwinnett Coalition For Health And Human Services Inc Lawrenceville, GA | $2,294,676 | $969,133 |
Families Of Children Under Stress Inc Atlanta, GA | $1,368,469 | $930,849 |
Seafarers House Inc Fort Lauderdale, FL | $3,967,685 | $1,051,675 |
Sheridan House Inc Davie, FL | $22,678,672 | $1,630,065 |
I Love Venezuela Foundation Inc Miami, FL | $44,861 | $527,831 |
Live Like Jake Foundation Inc Palm Beach Gardens, FL | $613,852 | $590,412 |
Simple Needs Ga Marietta, GA | $300,184 | $480,188 |
Hearts For Moms Inc West Palm Beach, FL | $256,747 | $327,160 |