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Top Rated

Hope For The Warriors

CharityWatch report issued
November 2021

Top-Rated Charity
A
CharityWatch Grade
Our independent grade based
on a number of factors.
 
86%
Program Percentage
Amount spent on programs
relative to overhead.
 
$8
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Hope For The Warriors
8003 Forbes Place
Suite 201
Springfield, VA 22151

Other Names

None

Tax Status

501(c)3

Stated Mission

Provides comprehensive support programs for service members, veterans & military families that are focused on transition, health & wellness, peer engagement, and connections to community resources.

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Data based on Fiscal Year Ended 12/31/2020

Program Percentage: 86%

The percentage of Hope For The Warriors's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$6,500,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $8

How many dollars Hope For The Warriors spends on fundraising to raise each $100 of contributions.

$4,900,000

Calculated Total Contributions

(rounded)

Joint Costs

Hope For The Warriors' rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
90% $2
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Hope For The Warriors IRS Form 990 20-5182295
Hope For The Warriors Audited Financial Statements 20-5182295
Entity: Hope For The Warriors
Document Type: IRS Form 990
Tax ID: 20-5182295
Entity: Hope For The Warriors
Document Type: Audited Financial Statements
Tax ID: 20-5182295

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Hope For The Warriors
meets governance benchmarks.
 
Hope For The Warriors
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
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Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Robin Kelleher President/CEO $168,300
2 Karen Lee David VP, Strategic Communications $136,708
3 Oren Ganz VP, Well Being $132,140
1
Name: Robin Kelleher
Title: President/CEO
Compensation: $168,300
2
Name: Karen Lee David
Title: VP, Strategic Communications
Compensation: $136,708
3
Name: Oren Ganz
Title: VP, Well Being
Compensation: $132,140

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Hope For The Warriors (HOPE) audit of December 31, 2020 (Note 14, In-Kind Contributions), HOPE reports receiving in-kind contributions of "certain services, facilities, and materials" in 2020 on which it placed a value of $65,116.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Hope For The Warriors (HOPE) audit of December 31, 2020 (Note 8, Refundable Advances):

"On February 26, 2020, HOPE entered into an agreement with Cohen Veterans Network, Inc. (CVN). CVN is focused on establishing a network of free or low-cost outpatient mental health clinics for veterans and their family members. HOPE will work with CVN to support a clinic in North Carolina that will provide compassionate, evidence-based, individually-tailored, flexible, mental health treatment to veterans and their family members. Funds received from CVN are conditional grants that when performance requirements are satisfied, they can be recorded as revenue. At December 31, 2020, HOPE recorded $560,421 as refundable advances in the accompanying [audited] statements of financial position related to the funds received from CVN."

According to the Hope For The Warriors (HOPE) audit of December 31, 2020 (Note 4, Concentrations of Risk, Revenue Risk):

"A substantial portion of HOPE's revenue and support is received from a limited number of donors. Fluctuations in the level of support from these sources of revenue could affect HOPE's program activities. For the years ended December 31, 2020 and 2019, approximately 21% and 23%, respectively, of the total revenue and support came from two donors."

According to the Hope For The Warriors (HOPE) audit of December 31, 2020 (Note 10, Conditional Contribution – Paycheck Protection Program):

"Under the PPP administered by the SBA, on May 4, 2020, HOPE received $919,900 from Legacy Bank ('the PPP Loan'). The PPP Loan is subject to full forgiveness upon use of the funds for payroll and other eligible costs and compliance with certain limitations on payroll and staffing reductions over a 24-week period. As such, HOPE has accounted for this PPP Loan as a conditional contribution. As of December 31, 2020, the conditions had been substantially satisfied and the related loan has been recognized as grant revenue. Subsequent to year end, on March 12, 2021, HOPE applied for forgiveness of the first loan under the PPP. The forgiveness application was approved by the SBA on May 24, 2021. 

"Subsequent to year end, on January 19, 2021, HOPE applied for a second loan under the PPP. The second PPP Loan was granted to HOPE on February 2, 2021, in the amount of $936,300 with a maturity date on February 2, 2026. This PPP Loan bears interest at a fixed rate of 1.00%, which is payable monthly commencing on February 2, 2022. The PPP Loan may be repaid by HOPE at any time prior to maturity with no repayment penalties. Funds from this PPP Loan may only be used for payroll costs, benefits, mortgage payments, rent, utilities, and certain supplier costs and expenses for operations. HOPE intends to use the entire loan amount for qualifying expenses and apply for forgiveness of certain amounts up to the full amount of the loan under the terms of the PPP."

According to the Hope For The Warriors (HOPE) audit of December 31, 2020 (Note 19, COVID-19 Pandemic):

"The COVID-19 outbreak in the United States and around the world has caused business disruptions due to mandatory lockdowns implemented in most states in order to slow down the spread of the virus. HOPE's management has been monitoring the situation and implementing certain changes in its operations and upcoming events in order to mitigate the impact of this pandemic.

"While the disruption is currently expected to be temporary, there is considerable uncertainty around its duration, and the full financial impact cannot be reasonably estimated at this time."


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