Hope Center Inc
- Assets
- $1.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 28
- Location
- Denver, CO
- Founding
- 04/1967
- Data as of
- 06/2022
- EIN
- 84-0564484
Organization Overview
Hope Center Inc, operating under the name Hope Center, is located in Denver, CO. The organization was established in 1967. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Hope Center employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Center 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, Hope Center generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 8.2% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES CHILDCARE, PRESCHOOL PROGRAMS, GIFTED PROGRAMS, VOCATIONAL TRAINING, AND THERAPY FOR THE DEVELOPMENTALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING TRAINING FOR THE DEVELOPMENTALLY DELAYED/DISABLED, CHILDCARE, PRESCHOOL PROGRAMS, GIFTED PROGRAMS, VOCATIONAL TRAINING, AND PLACEMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassandra P Johnson President/ceo | OfficerTrustee | 40 | $103,740 |
Antoinette N Massey Board Chair | OfficerTrustee | 0 | $0 |
Ladawn Sullivan Treasurer | OfficerTrustee | 4 | $0 |
Rochelle L Cason Wilkerson Board Member | Trustee | 4 | $0 |
Mary Davis Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $63,472 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $455,905 |
| Noncash contributions included in lines 1a–1f | $7,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $519,377 |
| Total Program Service Revenue | $2,246,445 |
| 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 | $2,765,822 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $2,031,248 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $115,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $62,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,709 |
| Travel | $660 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,670 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,885 |
| Insurance | $185,863 |
| All other expenses | $354,303 |
| Total functional expenses | $2,970,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $665,209 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $268,205 |
| 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 | $537,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,470,455 |
| Accounts payable and accrued expenses | -$5,725 |
| 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 | -$5,725 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,470,455 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Hope Center Inc has recieved totaling $894,279.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: STRENGTHEN COMMUNITY HEALTH | $358,125 |
The Colorado Health Foundation Denver, CO PURPOSE: STRENGTHEN COMMUNITY HEALTH | $272,000 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: THE EARLY CHILDHOOD EDUCATION PROGRAM | $70,000 |
Mile High United Way Inc Denver, CO PURPOSE: SIG, DESIGNATION | $60,756 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $45,500 |
Oak Hill Fund Charlottesville, VA PURPOSE: CONTINUED SUPPORT FOR THEIR EARLY CHILDHOOD EDUCATION PROGRAMS: SPECIAL NEEDS PRESCHOOL, COLORADO PRESCHOOL PROJECT, EXTENDED CARE PROGRAM, AND GIFTED PROGRAM. HOPE CENTER PREPARES 200 YOUNG CHILDREN WITHIN THE DENVER INNER-CITY TO ENTER KINDERGARTEN WITH LANGUAGE, COGNITIVE, SOCIALIZATION AND EARLY READING SKILLS NEEDED FOR SUCCESS. | $30,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Continuum Of Colorado Inc Aurora, CO | $7,927,832 | $19,747,791 |
Foothills Gateway Inc Fort Collins, CO | $11,957,913 | $17,913,826 |
Arrowhead West Inc Dodge City, KS | $12,929,703 | $15,687,113 |
Mesa Developmental Services Grand Junction, CO | $19,209,957 | $17,139,277 |
Home Of Hope Inc Vinita, OK | $9,542,630 | $17,584,477 |
Developmental Services Of Northwest Kansas Inc Hays, KS | $13,204,189 | $17,644,441 |
Mid-Nebraska Individual Services Inc Hastings, NE | $6,878,685 | $14,396,067 |
Arizona Autism United Inc Phoenix, AZ | $8,096,794 | $16,189,376 |
Kansas Elks Training Center For The Handicapped Inc Wichita, KS | $9,783,994 | $13,040,974 |
Tarc Inc Topeka, KS | $6,858,810 | $12,664,553 |
Parc Community Partnership Foundation Clearfield, UT | $12,757,912 | $10,698,488 |
People Inc Of Sequoyah County Sallisaw, OK | $18,580,641 | $13,102,902 |