Civic Intelligence

Hope'S Promise Inc

EIN 84-1156963 • 501(c)3 • Castle Rock, CO

Pub. 78 Eligible

Profile

To transform lives through the christian ministry of foster care, adoption and orphan care.

1585 S Perry Street Suite ECastle Rock, CO 80104

www.hopespromise.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.45x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.44x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

24th percentile

-8.6%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

17th percentile

-8.6%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,263,566

Down $81,338 (-6.0%) from 2023

Liabilities

Up

$615,295

Up $13,541 (+2.3%) from 2023

Net Assets

Down

$648,271

Down $94,879 (-13%) from 2023

Revenue

Up

$1,422,407

Up $63,249 (+4.7%) from 2023

Expenses

Up

$1,517,286

Up $41,788 (+2.8%) from 2023

Net Income

Up

-$94,879

Up $21,461 (+18%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $530,250Liabilities 2010: $83Net Assets 2010: $530,1672010Assets 2011: $607,239Liabilities 2011: $3,555Net Assets 2011: $603,6842011Assets 2012: $530,512Liabilities 2012: $3,737Net Assets 2012: $526,7752012Assets 2013: $509,681Liabilities 2013: $7,885Net Assets 2013: $501,7962013Assets 2014: $397,846Liabilities 2014: $49,533Net Assets 2014: $348,3132014Assets 2015: $423,435Liabilities 2015: $41,053Net Assets 2015: $382,3822015Assets 2016: $488,250Liabilities 2016: $38,207Net Assets 2016: $450,0432016Assets 2017: $536,463Liabilities 2017: $67,391Net Assets 2017: $469,0722017Assets 2018: $604,920Liabilities 2018: $58,937Net Assets 2018: $545,9832018Assets 2019: $569,424Liabilities 2019: $51,020Net Assets 2019: $518,4042019Assets 2020: $708,613Liabilities 2020: $158,860Net Assets 2020: $549,7532020Assets 2021: $1,602,500Liabilities 2021: $648,469Net Assets 2021: $954,0312021Assets 2022: $1,471,963Liabilities 2022: $612,473Net Assets 2022: $859,4902022Assets 2023: $1,344,904Liabilities 2023: $601,754Net Assets 2023: $743,1502023Assets 2024: $1,263,566Liabilities 2024: $615,295Net Assets 2024: $648,2712024

Highlighted filing

2024

Assets$1,263,566
Liabilities$615,295
Net Assets$648,271

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $895,6562010Expenses 2011: $1,072,8722011Expenses 2012: $1,062,8972012Revenue 2013: $949,516Expenses 2013: $974,495Net Income 2013: -$24,9792013Revenue 2014: $941,865Expenses 2014: $1,095,149Net Income 2014: -$153,2842014Revenue 2015: $982,534Expenses 2015: $948,465Net Income 2015: $34,0692015Revenue 2016: $921,547Expenses 2016: $862,170Net Income 2016: $59,3772016Revenue 2017: $954,807Expenses 2017: $935,786Net Income 2017: $19,0212017Revenue 2018: $1,053,937Expenses 2018: $977,026Net Income 2018: $76,9112018Revenue 2019: $1,054,616Expenses 2019: $1,082,195Net Income 2019: -$27,5792019Revenue 2020: $1,012,903Expenses 2020: $981,554Net Income 2020: $31,3492020Revenue 2021: $1,512,971Expenses 2021: $1,108,693Net Income 2021: $404,2782021Revenue 2022: $1,201,727Expenses 2022: $1,296,268Net Income 2022: -$94,5412022Revenue 2023: $1,359,158Expenses 2023: $1,475,498Net Income 2023: -$116,3402023Revenue 2024: $1,422,407Expenses 2024: $1,517,286Net Income 2024: -$94,8792024

Highlighted filing

2024

Revenue$1,422,407
Expenses$1,517,286
Net Income-$94,879

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.26$0.62$0.65$1.42$1.52$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.34$0.60$0.74$1.36$1.48$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.47$0.61$0.86$1.20$1.30$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.60$0.65$0.95$1.51$1.11$0.40
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.16$0.55$1.01$0.98$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.57$0.05$0.52$1.05$1.08$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.60$0.06$0.55$1.05$0.98$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.07$0.47$0.95$0.94$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.04$0.45$0.92$0.86$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.42$0.04$0.38$0.98$0.95$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.40$0.05$0.35$0.94$1.10$0.15
2013Detailed filing. Detailed filing data is available for this year.$0.51$0.01$0.50$0.95$0.97$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$1.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.00$0.60$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.90
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 22, 2025
Return Version
2024v5.0
Gross Receipts
$1,495,814
Mission and Program Overview

Mission

To transform lives through the christian ministry of foster care, adoption and orphan care.

To strengthen families through ethical, christ-centered foster care, adoption, and global orphan care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$678,890$647,203▼ $31,687
Land, Buildings, and Equipment, Net$82,401$74,851▼ $7,550
Prepaid Expenses and Deferred Charges$39,860$38,285▼ $1,575
Accounts Receivable$33,592$30,439▼ $3,153
Total Assets$1,344,904$1,263,566▼ $81,338
Other Assets Total$510,161$472,788▼ $37,373
Liabilities
Other Liabilities$527,816$495,035▼ $32,781
Accounts Payable and Accrued Expenses$73,938$81,048▲ $7,110
Deferred Revenue-$39,212-
Total Liabilities$601,754$615,295▲ $13,541
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$613,018$514,346▼ $98,672
Net Assets With Donor Restrictions$130,132$133,925▲ $3,793
Total Net Assets Fund Balance$743,150$648,271▼ $94,879
Total Liabilities and Net Assets / Fund Balance$1,344,904$1,263,566▼ $81,338

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,309$35,537$84,846
Leasehold Improvements$24,847$17,607$42,454
Equipment$492$40,482$40,974
Other Land Buildings$203$2,922$3,125
Other Assets Org$472,788--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth WoodsExecutive DiFT$105,695$3,124$108,819

Board Members and Trustees

NameTitle
Keith MorganChairman
Russell DebenportVice Chair
Becky HuffmanDirector
Beth Brown RichDirector
Dan DemeyDirector
Mark ShevelandDirector
Mike LedeboerDirector
Beth ShevelandMember
David BriggsSecretary
Eric VarnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$951,500
Program Service Revenue
$428,445
Investment Income
$7,243
Other Revenue
$35,219
All Other Contributions
$951,500
Change in Net Assets
$-94,879

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$32,943
Total Noncash Contributions1$32,943

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,422,407
Revenue Not Reported on Form 990
$66,320
Total Revenue per Audited Statements
$1,488,727
Total Revenue per Form 990
$1,422,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$878,892
Other Expenses$638,394
Total Fundraising Expense$96,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$555,434$88,583$49,828$693,845
All Other Expenses$91,271$11,812$12,629$115,712
Current Officers, Directors, Trustees, and Key Employees$81,614$17,411$9,794$108,819
Office Expenses$58,514$10,144$2,013$70,671
Payroll Taxes$38,990$8,318$4,679$51,987
Other Expenses$35,540$7,513$4,170$47,223
Insurance$22,729$3,962$2,229$28,920
Advertising$19,221$3,748$2,108$25,077
Other Employee Benefits$18,623$4,132$1,486$24,241
Travel$11,319$162-$11,481
Depreciation Depletion$5,625$1,250$675$7,550
Fees for Services Accounting$5,100$1,088$612$6,800
Fees for Services Other$4,959$1,058$595$6,612
Fees for Services Legal$270--$270
Total Functional Expenses$1,251,378$169,366$96,542$1,517,286

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,583,606
Expenses per Audited Statements$1,517,286
Total Expenses per Form 990$1,517,286
Expenses Not Reported on Form 990$66,320
International Activity

International Summary

Offices
11
Employees
42
Spending
$465,080

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProgram ServicesProgram Services Con319$304,604
East Asia and the PacificProgram ServicesProgram Services Con619$138,341
South AsiaProgram ServicesProgram Services Con24$22,135
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$101,539
Fundraising Direct Expenses$66,320
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$57,824$57,824$29,432$28,392
Gourmet Festiva$43,715$43,715$36,888$6,827
Total Events$101,539$101,539$66,320$35,219
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Colleen BriggsSpouseSpouse Is Board MbrNo$35,201
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$495,035
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Beth sheveland mark sheveland chairman director spouses dave briggs colleen briggs vice chair dir orph car spouses dave briggs kaye ferguson vice chair dir of oper son/mother-in-law

Form 990, Page 6, Part VI, Line 11B

The audited financial statements are reviewed and approved by the board of directors. The approved financial statements are used to prepare the form 990. The form 990 is provided to the treasurer for review. The treasurer reviews the form 990 in detail and notifies the cpa of any comments and/or changes. Once corrections, if any, have been completed the treasurer reports to the board of his/her approval of the form 990.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy is reviewed annually at the first board meeting of the year. Board members are required to sign/re-sign the conflict of interest policy and disclose any conflicts.

Form 990, Page 6, Part VI, Line 15A

The board of directors determines the executive directors salary independently from the executive director. The board considers current salary surveys. The board's discussions and approval of the executive director's salary are recorded in the board minutes.

Form 990, Page 6, Part VI, Line 15B

The executive director determines staff salaries. The executive director considers current salary surveys.

Form 990, Page 6, Part VI, Line 17

New york, north carolina, oregon, pennsylvania, south carolina, tennessee, virginia, west virginia, wisconsin

Form 990, Page 6, Part VI, Line 18

The organization's form 990 is available on guidestar website at www.guidestar.org; the form 990 is also available upon request at the organization's main office in castle rock.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are available for review upon request at the organization's main office in castle rock.

Filing and Contact Details

Filer

Filer Name
HOPE'S PROMISE INC
EIN
84-1156963
Phone
3036600277
Address
1585 S PERRY STREET SUITE E, CASTLE ROCK, CO 80104
Doing Business As
Orphan Care Ministries of Hopes

Signing Officer

Name
Elizabeth Woods
Title
Executive Director
Phone
3036600277
Signed
2025-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Woods
Formed
1991
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
9
Employees
22
Volunteers
121

Preparer

Firm
May Jackson Hendrick LLC
Address
18801 E MAINSTREET STE 240, PARKER, CO 80134-3445
Preparer
Lori K Hendrick
Phone
3038414220
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item C

Orphan care ministries of hopes promise

Form 990, Page 2, Part III, Line 4A

Adoption services, family counseling and support: hope's promise is a christian, non-profit child placement agency, licensed by the state of colorado. Through our adoption program, hope's promise offers services which include domestic infant adoption, pregnancy counseling, and birth mother support groups. In 2024, we counseled 45 expectant parents about their pregnancy options, approved 10 home studies for potential adoptive families, and placed 13 children for adoption. We also provided adoption education and training to 224 professionals in the colorado community. Our goals for 2025 include developing our care fund program so that we can continue to provide financial support to women experiencing unintended pregnancy, even if they do not choose adoption and expanding our partnerships with out-of-state placing agencies.

Form 990, Page 2, Part III, Line 4B

Orphan care provides christian humanitarian aid for fatherless and orphaned children throughout the world: believing god designed families as the best place for children to grow and thrive, we place orphaned and vulnerable children either with a relative or a non-relative caregiver, allowing them to remain in their own country and in their own community. In kenya, vietnam, nepal, and zimbabwe, our indigenous country coordinators work through local churches in collaboration with community resources to empower and equip caregivers to provide for the children's lifelong physical, emotional, social, and spiritual needs. In 2024, we cared for 55 orphaned and vulnerable children in non-relative based families, 314 in relative families and supported 32 in post high school studies. We took 27 americans on connection trips to visit kenya and vietnam. Goals for 2025: - 6 international staff from 3 countries will complete training to be certified as affiliate trainers with trauma free world - zimbabwe staff will train 15 teachers from a school where many of our kids attend, 100 church members, and 50 persons from other orgs in trauma informed care - about 35 people will go on connection trips to kenya, vietnam, and zimbabwe

Form 990, Part XI, Line 9

Fundraising expenses 66,320 fundraising expenses -66,320

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Fundraising expenses 66,320

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses 66,320

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActy2Grp/Desc0ORPHAN CARE PROVIDES CHRISTIAN HUMANITARIAN AID FOR FATHERLESS AND ORPHANED CHILDREN THROUGHOUT THE WORLD: BELIEVING GOD DESIGNED FAMILIES AS THE BEST PLACE FOR CHILDREN TO GROW AND THRIVE, WE PLACE ORPHANED AND VULNERABLE CHILDREN EITHER WITH A RELATIVE OR A NON-RELATIVE CAREGIVER, ALLOWING THEM TO REMAIN IN THEIR OWN COUNTRY AND IN THEIR OWN COMMUNITY. IN KENYA, VIETNAM, NEPAL, AND ZIMBABWE, OUR INDIGENOUS COUNTRY COORDINATORS WORK THROUGH LOCAL CHURCHES IN COLLABORATION WITH COMMUNITY RESOURCES TO EMPOWER AND EQUIP CAREGIVERS TO PROVIDE FOR THE CHILDREN'S LIFELONG PHYSICAL, EMOTIONAL, SOCIAL, AND SPIRITUAL NEEDS. IN 2024, WE CARED FOR 55 ORPHANED AND VULNERABLE CHILDREN IN NON-RELATIVE BASED FAMILIES, 314 IN RELATIVE FAMILIES AND SUPPORTED 32 IN POST HIGH SCHOOL STUDIES. WE TOOK 27 AMERICANS ON CONNECTION TRIPS TO VISIT KENYA AND VIETNAM. GOALS FOR 2025: - 6 INTERNATIONAL STAFF FROM 3 COUNTRIES WILL COMPLETE TRAINING TO BE CERTIFIED AS AFFILIATE TRAINERS WITH TRAUMA FREE WORLD - ZIMBABWE STAFF WILL TRAIN 15 TEACHERS FROM A SCHOOL WHERE MANY OF OUR KIDS ATTEND, 100 CHURCH MEMBERS, AND 50 PERSONS FROM OTHER ORGS IN TRAUMA INFORMED CARE - ABOUT 35 PEOPLE WILL GO ON CONNECTION TRIPS TO KENYA, VIETNAM, AND ZIMBABWE
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IRS990/ProgSrvcAccomActy3Grp/Desc0FOSTER CARE: CHILDREN LIVING IN COLORADO NEED SAFE AND STABLE HOMES. OFTEN BIOLOGICAL FAMILIES NEED LOVE, SUPPORT, AND NURTURING. HOPE'S PROMISE FOSTER CARE PROGRAM PROVIDES AN OPPORTUNITY TO INVEST IN THE STABILITY AND PERMANENCY OF COLORADO FAMILIES BY SUPPORTING REUNIFICATION EFFORTS FOR YOUTH IN FOSTER CARE. IN 2024, WE CERTIFIED 11 NEW FOSTER FAMILIES AND RECERTIFIED 7 FOSTER FAMILIES. A TOTAL OF 39 YOUTH WERE SERVED THROUGH OUR FOSTER CARE PROGRAM. OUR GOALS FOR 2025 INCLUDE CERTIFYING AND TRAINING AT LEAST 12 MORE FOSTER FAMILIES AND EXPANDING RELATIONSHIPS WITH THE COUNTY DEPARTMENT OF HUMAN SERVICES.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 66,320

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