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Nonprofiteer
← CHANCE FOR HOPE FOUNDATION

Form 990 for tax year 2023

Filed by CHANCE FOR HOPE FOUNDATION.

Totals

Total revenue
$567,232
Total expenses
$344,715
Contributions and grants received
$523,080
Grants paid
$291,282
Program service revenue
$0
Investment income
$17,747
Other revenue
$26,405
Total assets, end of year
$938,167
Total liabilities, end of year
$20,928
Net assets or fund balances, end of year
$917,239
Program services expenses (Part IX)
$324,038
Management and general expenses
$11,678
Fundraising expenses
$8,999
Program service expenses (Part III)
$324,038

Program services were 94.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $197,455

  • 1f · All other contributions, gifts and grants

    $325,625

  • 1g · Noncash contributions included above

    $27,193

  • 3 · Investment income

    total $17,747 · excluded $17,747

  • 8a · Fundraising events: gross income

    $157,500

  • 8a · Fundraising events: contributions included on line 1c

    $197,455

  • 8b · Fundraising events: direct expenses

    $147,040

  • 8c · Net income from fundraising events

    total $10,460 · excluded $10,460

  • 9a · Gaming: gross income

    $16,095

  • 9b · Gaming: direct expenses

    $150

  • 9c · Net income from gaming

    total $15,945 · excluded $15,945

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,000 · program services $75,000

  • 2 · Grants to domestic individuals

    total $216,282 · program services $216,282

  • 11g · Fees: other

    total $8,568 · management and general $8,568

  • 13 · Office expenses

    total $23,180 · program services $11,358 · management and general $3,014 · fundraising $8,808

  • 23 · Insurance

    total $2,390 · program services $2,103 · management and general $96 · fundraising $191

  • 24a · Other expenses: ENCHANTED NIGHT EXPENSE

    total $19,295 · program services $19,295

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $219,216 · end of year $258,279

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,526 · end of year $26,995

  • 10a · Land, buildings and equipment: cost or other basis

    $4,277

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,277

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $483,097 · end of year $652,893

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,668 · end of year $11,430

  • 19 · Deferred revenue

    beginning of year $11,500 · end of year $9,498

  • 27 · Net assets without donor restrictions

    beginning of year $692,671 · end of year $917,239

Mission and programs · 2023

Mission

THE MISSION OF THE CHANCE FOR HOPE FOUNDATION IS TO PROVIDE SUPPORT SERVICES FOR CHILDREN WITH CANCER AND THEIR FAMILIES, FUNDING FOR PEDIATRIC CANCER RESEARCH AND TREATMENT, AND EDUCATIONAL RESOURCES TO THE GENERAL PUBLIC REGARDING PEDIATRIC CANCER.

Activities or mission (Part I)

PROVIDE SUPPORTING SERVICES FOR CHILDREN WITH CANCER, AND THE FAMILIES OF THOSE CHILDREN.

  • THE CHANCE FOR HOPE FOUNDATION SIGNED ITS FIRST APARTMENT LEASE IN NOVEMBER 2014 AND NOW HAS MULTIPLE RESIDENCES PROVIDING OVER 2,100 NIGHTS OF FREE LODGING ANNUALLY. THE CHANCE FOR HOPE RESIDENCES ARE FULLY FURNISHED ONE-BEDROOM APARTMENTS IN THE TEXAS MEDICAL CENTER, PROVIDED AT NO COST TO FAMILIES TRAVELING TO HOUSTON FOR PEDIATRIC CANCER TREATMENTS. THE RESIDENCES ARE PROVIDED ON A FIRST COME, FIRST SERVE BASIS, AND OFFER A SHUTTLE SERVICE THAT PROVIDES QUICK ACCESS TO TEXAS CHILDREN'S HOSPITAL AND THE UNIVERSITY OF TEXAS MD ANDERSON CHILDREN'S CANCER HOSPITAL AND PROTON THERAPY CENTER. IN 2023, THIS PROGRAM SERVED 34 FAMILIES.

    Expenses $200,432 · Grants $174,388

  • THE CHANCE FOR HOPE FOUNDATION FUNDS AND MONITORS RESEARCH INITIATIVES DESIGNED TO IMPROVE TREATMENT PROTOCOLS AND ULTIMATELY TO FIND A CURE FOR CHILDHOOD CANCER, WITH A FOCUS ON CANCER OF THE BRAIN AND CENTRAL NERVOUS SYSTEM, WHICH IS NOW THE DEADLIEST FORM OF CANCER IN CHILDREN AND COMPRISES 18% OF ALL PEDIATRIC CANCER DIAGNOSES.

    Expenses $75,000 · Grants $75,000

  • THE FOUNDATION PROVIDES MEAL DELIVERIES TO FAMILIES AT TEXAS CHILDREN'S HOSPITAL AND MD ANDERSON TWICE MONTHLY. IN 2023, THIS PROGRAM SERVED 4,142 INDIVIDUALS. OUR SNACK CART PROGRAM SERVES CHILDREN UNDERGOING OUTPATIENT CANCER TREATMENT AT TEXAS CHILDREN'S CANCER CLINIC, AND THE MD ANDERSON CHILDREN'S CANCER CLINIC AND PROTON THERAPY CENTER. THE SNACK CART WILL PROVIDE REFRESHMENTS FOR KIDS DURING CHALLENGING AND SOMETIMES LENGTHY CHEMOTHERAPY, RADIATION, BLOOD TRANSFUSIONS AND OTHER OUTPATIENT MEDICAL TREATMENTS. THIS CART GETS REPLENISHED MONTHLY WITH A LARGE ASSORTMENT OF SNACKS. IN 2023 THE SNACK CART SERVED OVER 19,000 INDIVIDUALS.

    Expenses $48,606 · Grants $41,894

As filed on the 2023 return.

Listed in Part VII

  • Andrea Davidson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    30

  • Scott Davidson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Natalie Aloia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marie Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keely Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
23 July 2024
IRS schema version
2023v5.1
Source object
202402189349300875

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