HopeKids

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/25/2021. To update the information in this column, please email: info@ministrywatch.com

Summary

HopeKids provides ongoing events, activities and a powerful, unique support community for families who have a child with cancer or some other life-threatening medical condition. They focus on five areas of impact: hope and anticipation, family, community and support, safety and acceptance, and economic support.

Contact information

Mailing address:
HopeKids
PO Box 28471
Scottsdale, AZ 85255

Website: hopekids.org

Phone: (800) 319-5845

Email: info@hopekids.org

Organization details

EIN: 861042378

CEO/President: Josh Taylor

Chairman: Steve Whiteman

Board size: 7

Founder:

Ruling year: 2002

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2014

Purpose

To restore hope and transform the lives of children with life-threatening medical conditions, their families and the communities in which we serve.

Mission statement

HopeKids provides ongoing events, activities and a powerful, unique support community for families who have a child with cancer or some other life-threatening medical condition. We surround these remarkable children and their families with the message that hope can be a powerful medicine.

Statement of faith

Our Guiding Principles:

Our vision, mission and motivation are driven by our desire to serve in the name of Jesus Christ in response to and out of our gratitude to God. (Colossians 3:17) It is through God's love and the eternal hope we find in Jesus that we want to love and offer hope to those in need.

We cling to the promise that "Hope does not disappoint." (Romans 5:5) We also believe that hope comes from God, and provides joy and peace in a way that nothing else can. These biblical truths form our belief that hope is a powerful medicine, and all our activities, resources, and time are to be directed to restoring hope for the future to the children and families we serve.

We strive to promote integrity, honesty, and openness in the manner in which we conduct our daily financial and management operations. We will be good stewards of all resources that God has blessed us with.

The HopeKids program is open to all children with life-threatening medical conditions and their families without regard to background, ethnicity, gender, religion, race, or sexual orientation.

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.

Financial efficiency ratings

Sector: Community Development

Category	Rating	Overall rank	Sector rank
Overall efficiency rating		403 of 1022	30 of 76
Fund acquisition rating		631 of 1024	44 of 76
Resource allocation rating		397 of 1024	27 of 76
Asset utilization rating		339 of 1022	31 of 76

Financial ratios

Funding ratios	Sector median	2020	2019	2018	2017	2016
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions	9%	9%	9%	7%	7%	7%
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue	6%	9%	8%	7%	7%	7%
Contributions reliance Contributions reliance = Total contributions / Total revenue	78%	97%	97%	95%	98%	96%
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses	6%	9%	9%	7%	8%	8%
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue	22%	3%	3%	5%	2%	4%

Operating ratios	Sector median	2020	2019	2018	2017	2016
Program expense ratio Program expense ratio = Program services / Total expenses	79%	83%	86%	88%	88%	88%
Spending ratio Spending ratio = Total expenses / Total revenue	92%	95%	92%	102%	92%	95%
Program output ratio Program output ratio = Program services / Total revenue	73%	79%	79%	90%	81%	84%
Savings ratio Savings ratio = Surplus (deficit) / Total revenue	8%	5%	8%	-2%	8%	5%
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets	10%	6%	15%	-3%	14%	7%
General and admin ratio General and admin ratio = Management and general expense / Total expenses	12%	8%	5%	6%	4%	4%

Investing ratios	Sector median	2020	2019	2018	2017	2016
Total asset turnover Total asset turnover = Total expenses / Total assets	0.81	1.14	1.70	1.63	1.47	1.44
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets	2.04	1.01	1.01	1.01	1.02	1.01
Current asset turnover Current asset turnover = Total expenses / Total current assets	1.73	1.15	1.72	1.65	1.50	1.45

Liquidity ratios	Sector median	2020	2019	2018	2017	2016
Current ratio Current ratio = Total current assets / Total current liabilities	11.12	127.98	56.17	55.54	55.29	118.39
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets	0.08	0.01	0.02	0.02	0.02	0.01
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12)	5.93	10.32	6.87	7.16	7.87	8.20

Solvency ratios	Sector median	2020	2019	2018	2017	2016
Liabilities ratio Liabilities ratio = Total liabilities / Total assets	12%	1%	2%	2%	2%	1%
Debt ratio Debt ratio = Debt / Total assets	3%	0%	0%	0%	0%	0%
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses	97%	87%	58%	60%	67%	69%

Financials

Balance sheet

Assets	2020	2019	2018	2017	2016
Cash	$2,275,757	$2,008,904	$1,584,473	$2,208,797	$2,135,174
Receivables, inventories, prepaids	$48,436	$64,577	$61,451	$87,748	$58,715
Short-term investments	$780,581	$863,379	$837,952	$256,313	$10,350
Other current assets	$0	$0	$0	$0	$0
Total current assets	$3,104,774	$2,936,860	$2,483,876	$2,552,858	$2,204,239
Long-term investments	$0	$0	$0	$0	$0
Fixed assets	$15,096	$24,075	$20,897	$29,683	$10,065
Other long-term assets	$10,000	$10,000	$10,000	$10,000	$10,000
Total long-term assets	$25,096	$34,075	$30,897	$39,683	$20,065
Total assets	$3,129,870	$2,970,935	$2,514,773	$2,592,541	$2,224,304

Liabilities	2020	2019	2018	2017	2016
Payables and accrued expenses	$24,259	$52,285	$44,726	$46,169	$18,618
Other current liabilities	$0	$0	$0	$0	$0
Total current liabilities	$24,259	$52,285	$44,726	$46,169	$18,618
Debt	$0	$0	$0	$0	$0
Due to (from) affiliates	$0	$0	$0	$0	$0
Other long-term liabilities	$0	$0	$0	$0	$0
Total long-term liabilities	$0	$0	$0	$0	$0
Total liabilities	$24,259	$52,285	$44,726	$46,169	$18,618

Net assets	2020	2019	2018	2017	2016
Without donor restrictions	$2,746,540	$2,355,647	$2,223,124	$2,076,144	$1,976,576
With donor restrictions	$359,071	$563,003	$246,923	$470,228	$229,110
Net assets	$3,105,611	$2,918,650	$2,470,047	$2,546,372	$2,205,686

Revenues and expenses

Revenue	2020	2019	2018	2017	2016
Total contributions	$3,634,294	$5,319,044	$3,822,945	$4,099,309	$3,230,845
Program service revenue	$0	$0	$0	$0	$0
Membership dues	$0	$0	$0	$0	$0
Investment income	$19,674	$51,807	$20,850	$9,225	$47,284
Other revenue	$101,149	$92,907	$169,643	$59,733	$81,957
Total other revenue	$120,823	$144,714	$190,493	$68,958	$129,241
Total revenue	$3,755,117	$5,463,758	$4,013,438	$4,168,267	$3,360,086

Expenses	2020	2019	2018	2017	2016
Program services	$2,974,954	$4,342,933	$3,593,177	$3,358,499	$2,819,701
Management and general	$280,451	$241,367	$225,002	$166,161	$137,755
Fundraising	$327,390	$455,606	$269,282	$298,708	$242,195
Total expenses	$3,582,795	$5,039,906	$4,087,461	$3,823,368	$3,199,651

Change in net assets	2020	2019	2018	2017	2016
Surplus (deficit)	$172,322	$423,852	($74,023)	$344,899	$160,435
Other changes in net assets	$0	$0	$0	$0	$0
Total change in net assets	$172,322	$423,852	($74,023)	$344,899	$160,435

Compensation

Name	Title	Compensation
Josh Taylor	President	$170,938

Compensation data as of: 12/31/2020

Response from ministry

No response has been provided by this ministry.

The information below was provided to MinistryWatch by the ministry itself. It was last updated 10/25/2021. To update the information below, please email: info@ministrywatch.com

Question	Response	Score
Does the organization have a statement of faith consistent with historic Christian creeds and is that statement of easily found on its website?	No	0/5
Does the board have no more than 2 non-independent members?	Yes	5/5
Does the board have at least four independent board members for every non-independent member?	Yes	5/5
Does the board contain between 5 and 11 members?	Yes	5/5
Does the organization file a Form 990 and make its Form 990 available to the public?	Yes	10/10
Does the organization make its audit or review (if annual revenue is less than $1-m) available on its website?	Yes	5/5
Is the organization a member of the ECFA?	Yes	10/10
Is the CEO/President's compensation within one standard deviation of the median compensation?	Yes	5/5
Did the organization operate at a net profit (revenue greater than expenses) in the most recent year?	Yes	5/5
Does the organization refrain from owning or leasing a private aircraft, or having fractional interest in one, that is primarily used for travel by the organization's leaders?	Yes	5/5
For the past five years, has the organization been free of any lawsuits or administrative actions filed against it by an employee, client, board member, vendor, donor, or other related party?	Yes	5/5
Are author royalties and speaking engagement fees paid to the organization, and not the individual?	Yes	5/5
Does the organization require its employees to affirm upon hiring the statement of faith of the organization?	Yes	5/5
Is the board chair an independent member of the board, and not the founder and/or CEO/President?	Yes	5/5
Does the board have term limits?	Yes	5/5
Have there been no public accusations of misdeeds against the organization, founder, CEO, senior pastor, or board members in the past five years?	Yes	5/5
Has the organization refrained from the use of non-disclosure agreements?	Yes	5/5
Does the organization have an overall financial efficiency rating of at least 2 stars?	Yes	5/5
Total donor confidence score		95/100