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Hopes Closet Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473922125 ✦ Cincinnati, OH ✦ Designated as a 501(c)(3)

Overview

What is Hopes Closet Inc?

Hopes Closet Inc, situated in Cincinnati, Ohio, serves as a vital support system for foster and kinship children. As a nonprofit organization, they offer a clothing boutique, educational classes, support groups, family events, and actively work towards recruiting foster parents. Their mission is to provide critical resources and assistance to foster families, thereby enhancing their ability to care for children in need. By offering these comprehensive services, Hopes Closet Inc plays a significant role in strengthening the foster care system and ensuring the well-being of these vulnerable children.


Official website here: www.hopes-closet.net

Is Hopes Closet Inc legitimate?

Hopes Closet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hopes Closet Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $36,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,707

For more financial information, click here


Official website here: www.hopes-closet.net

What is the mission statement of Hopes Closet Inc?

Hopes Closet Inc, as a foster care support organization, is committed to delivering essential services to foster and kinship children. This is achieved through various means, including a clothing boutique, educational training classes, support groups, family events, and the recruitment of foster parents. The organization's mission is to provide these critical services, aiming to support both the children and the individuals who care for them. By doing so, Hopes Closet Inc seeks to enhance the lives of foster children and ensure the retention and recruitment of foster parents, thereby fostering a nurturing environment for these children.


Official website here: www.hopes-closet.net

Who is the CEO of Hopes Closet Inc?

Mark Phair is the Executive Director of Hopes Closet Inc.


Official website here: www.hopes-closet.net

What is the revenue of Hopes Closet Inc?

Hopes Closet Inc's revenue in 2022 was $481,719.


Official website here: www.hopes-closet.net

Who are the executives of Hopes Closet Inc and what are their salaries?

Here are 8 key members and their salaries:

    Mark Phair (Executive Director)
  • Compensation: $36,534
  • Related: $0
  • Other: $0

    • Judy Nelson (Member) [Trustee/Director]
  • Compensation: $16,365
  • Related: $0
  • Other: $0

    • William Morrison (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Vogsberger (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erika J Kalnai (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Low-Geoppinger (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Hutzelman (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melanie Bauer (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hopes-closet.net

    Where can I find the form 990 for Hopes Closet Inc?

    The Hopes Closet Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.hopes-closet.net

    Learn more at the official website: www.hopes-closet.net

    Mission Statement of Hopes Closet Inc

    Hopes Closet Inc, a foster care support organization, is dedicated to providing vital services to foster and kinship children, as well as supporting the recruitment and retention of foster parents. Their mission is achieved through a variety of means, including a clothing boutique, training classes, support groups, and family events. This nonprofit aims to offer essential resources to these children, ensuring they have the necessary clothing and support during challenging times. Furthermore, Hopes Closet Inc is committed to fostering a community of foster parents by providing training classes and support groups, which can help retain and recruit individuals to take on this important role.

    Impact

    This information is meant to be a general summary of Hopes Closet Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Hopes Closet Inc's impact can be seen in the positive change it brings to the lives of foster and kinship children, as well as foster parents. By providing clothing and resources to those in need, and offering crucial support services such as training classes, support groups, and family events, Hopes Closet Inc plays a vital role in enriching and strengthening families within the foster care system. Additionally, their efforts in recruiting and retaining foster parents contribute to the overall well-being of children in need of stable and caring homes. This organization's dedication to supporting and serving its community truly makes a difference in the lives it touches.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $0
  • Gross Receipts: $481,719

    • Assets and Liabilities:
  • Total Assets: $317,909
  • Total Liabilities: $12,550
  • Net Assets: $305,359
  • Organization Details

    Founding Year

    2017

    Principal Officer

    Mark Phair

    Main Address

    9850 Princeton-Glendale Road STE C, Cincinnati, OH, 45246

    NTEE Category

    Code: P32 - Human services

    If you are a representative of Hopes Closet Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.