Hopekids Inc

“6 are independent, 1 is not.”

“The organization does not have a committee that has authority to act on behalf of the governing body.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by management and the audit committee and any changes incorporated into the filing. Once this detailed review is complete, the draft of the form 990 is presented to the board of directors for their review and comments prior to filing with the irs.”

“All new board members are provided with the policy and required to sign it and annually it is reviewed by all members and signed. Potential conflicts are discussed at regular board meetings as they arise and are resolved.”

“Board uses current guidestar compensation report to determine comparable compensation. Compensation approvals are documented in board minutes. The process described here was last completed in 2024.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The financial statements are also available on the website.”

“Our programs are designed to ensure that our hopekids and their family always have something to look forward to, rather than dwelling on what they are dealing with now; chemo, hospital stays, surgeries, therapy etc. Our impacts are "hope and anticipation" - keeping our kids focused on the future, "family focus" - our events bring the family together in supportive activities when circumstances threaten to rip them apart. Our events offer fun for all family members, allowing them to spend much needed time together, "community & supportive relationships" - our hopeday, hopecommunity and virtual programs draw many families together in a unique and supportive environment for connection, sharing and encouragement. Our kids and families meet others just like them, "safety and acceptance" - in our supportive peer community no child is the only one wearing a mask, is bald or using a wheelchair. At hopekids, everyone is accepted and everyone belongs, "economic support" - all our events are pre-organized and available free of charge to our financially disadvantaged families. In total our seven chapters (az, co, kc, mn, nc, tn, tx). In 2024 we provided 3,107 program events to 6,022 families. 2024 total program attendance exceeded 84,385 people. In 2024 we enrolled 904 new families to the program and our passionate volunteers helped us by providing more than 12,355 hours of service. The total cost of hopeday, hopecommunity and virtual programs for the fiscal year was $6,639,719. Of this amount, $20,412 was contributed by vendors who provided inkind contributions such as technology services, and hotel stays. For financial statement purposes, these amounts are included as contribution revenue and programming expense. For form 990, however, the irs requires this amount be excluded from both revenue and expense.”

“The organization has outsourced its payroll function to insperity, a professional employer organization (peo), who pays the employees working for the organization and issues all w-2's under its fein. Therefore, the organization has reported 0 w-2's as it does not issue any w-2's under its fein.”

“The organization has not changed its oversight process or selection process during the tax year.”

“The reduction of net assets of $384,287 is due to a $175,779 reduction in net assets with donor restrictions and a board-approved budget shortfall due to launching of our north carolina chapter in 2023.”