Hope for Children Foundation

“The physical location of Hope for Children Foundation was changed from 4925 Greenville Ave Ste 200 Dallas, TX 75206 to the new loacation of 4131 N Central Expressway Suite 973 Dallas, TX 75204. Pamela Mason accepted her nomination as a member of the board of directors. The vote when taken was unanimous toelect Pamela Mason as a member of the board of directors for Hope for Children Foundation.”

“The board of directors are emailed the 990 prior to submitting the final 990 to the IRS to respond, view, and offer a suffestion if they have one. Although, none of the board members are CPAs nor accountants and none of us give a professional opinion as a CPA would.”

“During board meetings, should a board member have a conflict of interest, the board member with the conflict of interest on the conflict of interest matter does not participate in the vote when considering matters before the board of directors for a vote.”

“Compensation of verious workers are taken into consideration before the annual budget is approved. The salary amount is compared to other non profit organizaitions within the community as welll as on a national basis. Then those amounts are usued within the budget and the budget is voted to either pass or reject the budget considered before the board of directors.”

“We provide such policies on the Website of hopeforchildrenfoundation.org”

“Form 990, Part III, Line 4b. The IRS requires NON CASH advertising grants not to be counted as income. We received a NON CASH advertising grant in the amount of $25,667.00 in 2024; and did not include this amount as income or expense due to the IRS instructions. This grant was usesd for advertising online training hosted on the website of Hope for Children Foundation. The free training is offered to the general ublic nationwide at no charge. The training is intended to enhance the lives of children, teens, families and other adults by reducing crimes of sexual assault and domestic violence.”

“Patricia L Hope Kirby Rasmussen, Founder, President, Treasurer, and her husband, Edward Rasmussen loaned Hope for Children Foundation funds to operate for the past several years through the end of 12/31/2023. These funds were loaned without charging any interest on the loan. Hope for Children Foundation partially paid Patricia and Ed Rasmussen $2,975.00 to partially reduce the existing loan. In addition to this transaction, Hope for Children Foundation was sent an Invoice in the amount of $200.00 from an Independent Contractor for providing technology/social media work to this charity, via PayPal. The Hope for Children Foundation credit card linked to the PayPAL account was not working. In order to pay the Invoice quickly, Patricia Rasmussen loaned the organization another $200 by paying the $200 from her personal account as an additional loan to Hope for Children Foundation.”

“$2,975. was a partial payment paid to Patricia and Ed Rasmussen to reduce the loan balance by the amount of $2,975. Another $200 was loaned to Hope for Children Foundation to pay a Information Technology invoice. The loan of $200 dollars was paid from the personal account of Patricia Rasmussen as a loan to Hope for Children Foundation, due to the credit card belonging to Hope for Children Foundation failed to work via PayPal. The calculation with the "+" positive $2,975. and the "-" negative $200 loan amount equals the $2,775. entered on this line item.”