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Hope Local

Tax-deductible

Fort Worth, TX501(c)(3)Religion EIN 47-4761927Revenue $430K in FY2024

On file with the IRShopelocal.comPo Box 122327, 76121-2327 · Fort Worth, TXTax-exempt since Jan 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Hope Local helps vulnerable kids and families through advocation initiatives and training for Local faith-based organizations.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $47K a year · 15% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $33K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$430K
+91% vs prior year
Spent
$493K
To programs
68%
Net assets
$76K
By yearFY2020–FY2024
Revenue
$430K
FY2024▲ +91%
Tap a bar for its year
Revenue by fiscal year
FY2020$175K
FY2022$380K
FY2023$225K
FY2024$430K
Expenses
$493K
FY2024▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2022$341K
FY2023$344K
FY2024$493K
Net assets
$76K
FY2024▼ -46%
Tap a bar for its year
Net assets by fiscal year
FY2020$13K
FY2022$258K
FY2023$139K
FY2024$76K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $333K Management & general 8% · $37K Fundraising 25% · $123K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Mark Reidland
President
$0Pt VII · Sec A
$0Pt VII · Sec A
David Simpson
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hope Local executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for vulnerable children and families, training faith-based groups.

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Provided by the organization

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1 program · $333K · in their own filed words · FY2024
01

The organization provided family adoption assistance, church leadership training, consultations with church staff to develop orphan care ministries, assisted with dealing with various child advocacy agencies by engaging with local churches, the community, and national and international child advocacy agencies.

$333Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$25K
Kingdom Development INCFY2024$8K
Total grants receivedfrom 2 funders$33K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$430K
Ln 12
Gifts and grantsLn 1h$428K
Investment incomeLn 3$2K
Money outPt IX
$493K
Ln 25
Programscol B$333K
Managementcol C$37K
Fundraisingcol D$123K
Owns and owesPt X
$76K
net assets · Ln 32
Cash and savingsLn 1–2$70K
Total assetsLn 16$81K
LiabilitiesLn 26$5K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$428K
Government grantsLn 1e$61K
Fundraising eventsLn 1c$143K
Investment incomeLn 3$2K
Total revenueLn 12$430K
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$3K
Cash and savings togetherLn 1–2$70K
Other assetsLn 15$10K
Total assetsLn 16$81K
LiabilitiesLn 26$5K
Net assetsLn 32$76K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$42K$70K
Total assetsLn 16$144K$81K
LiabilitiesLn 26$6K$5K
Net assetsLn 32$139K$76K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Grants to domestic individualsLn 2$582$582
Pay of current officers, directors and key staffLn 5$85K$76K$4K$4K
Other salaries and wagesLn 7$183K$170K$11K$2K
Other employee benefitsLn 9$52K$42K$7K$3K
Payroll taxesLn 10$14K$13K$839$184
Other fees for servicesLn 11g$7K$2K$5K
Advertising and promotionLn 12$7K$7K$208
Office expensesLn 13$14K$4K$10K$18
TravelLn 17$5K$5K$35
Conferences, conventions and meetingsLn 19$10K$9K$876$447
InterestLn 20$112$112
InsuranceLn 23$633$633
Other expenses (24a–d)Ln 24$113K$5K$108K
All other expensesLn 24e$120$120
Total functional expensesLn 25$493K$333K$37K$123K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $430K$493K−$63K$76K 990 PDF
FY2023 $225K$344K−$119K$139K 990 PDF
FY2022 $380K$341K$39K$258K 990 PDF
FY2021 Not on file
FY2020 $175K$220K−$45K$13K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $430,052 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $220,750$427,936
I-9 Program service revenue$0
I-10 Investment incomePrior year $4,686$2,116
I-11 Other revenue$0
I-12 Total revenuePrior year $225,436$430,052
I-13 Grants and similar amounts paidPrior year $6,700$2,965
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $289,099$333,649
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $48,391$156,641
I-18 Total expensesPrior year $344,190$493,255
I-19 Revenue less expensesPrior year −$118,754−$63,203
Part VI · Governance 4 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $430,052 across 7 lines filed
VIII-1c Fundraising events$142,973
VIII-1e Government grants$60,625
VIII-1f All other contributions, gifts and grants$224,338
VIII-1h Total contributions, gifts and grants$427,936
VIII-3 Investment incomeExcluded from tax $2,116$2,116
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,116$430,052
Part IX · Statement of functional expenses $493,255 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $2,383$2,383
IX-2 Grants to domestic individualsPrograms $582$582
IX-5 Pay of current officers, directors and key staffPrograms $76,500 · Management $4,250 · Fundraising $4,250$85,000
IX-7 Other salaries and wagesPrograms $169,674 · Management $10,966 · Fundraising $2,400$183,040
IX-9 Other employee benefitsPrograms $41,796 · Management $6,900 · Fundraising $2,910$51,606
IX-10 Payroll taxesPrograms $12,980 · Management $839 · Fundraising $184$14,003
IX-11g Other fees for servicesManagement $2,254 · Fundraising $4,890$7,144
IX-12 Advertising and promotionPrograms $6,542 · Management $208$6,750
IX-13 Office expensesPrograms $4,412 · Management $9,861 · Fundraising $18$14,291
IX-17 TravelPrograms $4,807 · Fundraising $35$4,842
IX-19 Conferences, conventions and meetingsPrograms $8,789 · Management $876 · Fundraising $447$10,112
IX-20 InterestManagement $112$112
IX-23 InsuranceManagement $633$633
IX-24 Other expenses (24a–d)Programs $4,749 · Fundraising $107,888$112,637
IX-24e All other expensesManagement $120$120
IX-25 Total functional expensesPrograms $333,214 · Management $37,019 · Fundraising $123,022$493,255
Part X · Balance sheet $80,786 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $12,325$67,476
X-2 Savings and temporary cash investmentsStart of year $29,907$3,008
X-15 Other assetsStart of year $102,232$10,302
X-16 Total assetsStart of year $144,464$80,786
X-17 Accounts payable and accrued expensesStart of year $5,712$5,237
X-26 Total liabilitiesStart of year $5,712$5,237
X-32 Total net assets or fund balancesStart of year $138,752$75,549
X-33 Total liabilities and net assetsStart of year $144,464$80,786
Part XI · Reconciliation of net assets $75,549 net assets at year end
XI-1 Total revenue$430,052
XI-2 Total expenses$493,255
XI-3 Revenue less expenses−$63,203
XI-4 Net assets at start of year$138,752
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$75,549

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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