Hands For Hope
- Assets
- $137.9k
- Revenue
- $404.7k
- Investments
- $0.0
- Employees
- 14
- Location
- North Hollywood, CA
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 95-4791662
Organization Overview
Hands For Hope is located in North Hollywood, CA. The organization was established in 2000. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Hands For Hope employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hands For Hope 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 12/2022, Hands For Hope generated $404.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $412.0k during the year ending 12/2022. While expenses have increased by 13.6% per year over the past 7 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
A PLANNED AFTER-SCHOOL ENRICHMENT PROGRAM TO ASSIST ABOUT 153 UNDERPRIVILEGED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MAIN PROGRAMS INCLUDE: AFTERSCHOOL ENRICHMENT PROGRAMS FOR CHILDREN AGES 8-14 - WE CULTIVATE THE TALENTS OF EACH YOUTH, WHEREVER THEIR INTERESTS LIE - MUSIC, ART, DANCE, RECORDING, FILMMAKING, COMPUTER TECHNOLOGY, TUTORING, HOMEWORK ASSISTANCE, PHYSICAL FITNESS, NUTRITION, AND HEALTHY COOKING CLASSES. AFTERSCHOOL ENRICHMENT FOR OLDER YOUTH TEENS AGES 15+ - WE ALSO OFFER TEENS SAT PREPARATION CLASSES, COLLEGE GUIDANCE, DRIVER SAFETY, AND FINANCIAL LITERACY CLASSES. ACADEMIC SUMMER PROGRAMS FOR YOUTH AGES 8-14 WITH COMMUNITY SERVICE LEADERSHIP OPPORTUNITIES FOR TEENS AGES 15+. PARENT SUPPORT PROGRAMS TO ASSIST THE FAMILIES OF THE CHILDREN - WORKSHOPS, SPA DAYS, REFERRALS TO RESOURCES, AND OTHER ASSISTANCE. AFTER THE COVID-19 PANDEMIC BEGAN IN THE SPRING OF 2020, ALL PROGRAMS WERE CONDUCTED VIRTUALLY. AS RESTRICTIONS WERE RELEASED IN 2021 AND 2022, IN- PERSON PROGRAMS WERE SLOWLY RESUMED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lydia Floyd CEO | OfficerTrustee | 40 | $46,360 |
Beverly Murray Secretary | OfficerTrustee | 2 | $0 |
Chris Peterson Director | Trustee | 1 | $0 |
Pasquale Petix Director | Trustee | 1 | $0 |
Willie Otis Robson Board Vice C | OfficerTrustee | 2 | $0 |
Denise Rodine Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,581 |
| Related organizations | $0 |
| Government grants | $181,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,113 |
| Total Program Service Revenue | $3,541 |
| 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 | -$3,988 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,666 |
| 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. | $46,360 |
| Compensation of current officers, directors, key employees. | $9,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $244,573 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,402 |
| Payroll taxes | $23,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $494 |
| Office expenses | $10,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,150 |
| Travel | $3,653 |
| 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 | $5,246 |
| Insurance | $0 |
| All other expenses | $2,391 |
| Total functional expenses | $412,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,736 |
| Savings and temporary cash investments | $5,000 |
| Pledges and grants receivable | $25,500 |
| Accounts receivable, net | $48,807 |
| 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 | $14,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,850 |
| Accounts payable and accrued expenses | $19,539 |
| 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 | $19,539 |
| Net assets without donor restrictions | $118,311 |
| 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 | $137,850 |