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Nonprofiteer
← LOVE BUILDS HOPE FOUNDATION

Form 990 for tax year 2024

Filed by LOVE BUILDS HOPE FOUNDATION.

Totals

Total revenue
$1,566,539
Total expenses
$1,062,788
Contributions and grants received
$1,566,539
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$680,500
Total liabilities, end of year
$53,902
Net assets or fund balances, end of year
$626,598
Program services expenses (Part IX)
$179,858
Management and general expenses
$158,334
Fundraising expenses
$724,596
Program service expenses (Part III)
$179,858

Program services were 16.9% 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.

  • 1d · Related organizations

    $1,060,200

  • 1f · All other contributions, gifts and grants

    $506,339

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $196,945 · program services $143,057 · management and general $53,888 · fundraising $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $38,291 · program services $26,102 · management and general $12,189 · fundraising $0

  • 10 · Payroll taxes

    total $14,729 · program services $10,699 · management and general $4,030 · fundraising $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $736,460 · program services $0 · management and general $22,262 · fundraising $714,198

  • 12 · Advertising and promotion

    total $400 · program services $0 · management and general $274 · fundraising $126

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,534 · program services $0 · management and general $1,534 · fundraising $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $10,740 · program services $0 · management and general $10,740 · fundraising $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: BANK FEES & SERVICE CHARGES

    total $6,107 · program services $0 · management and general $6,107 · fundraising $0

  • 24b · Other expenses: FOOD & BEVERAGES

    total $8,644 · program services $0 · management and general $717 · fundraising $7,927

  • 24c · Other expenses: SUPPLIES

    total $2,583 · program services $0 · management and general $2,551 · fundraising $32

  • 24d · Other expenses: POSTAGE & PRINTING

    total $43,547 · program services $0 · management and general $43,470 · fundraising $77

  • 24e · All other expenses

    total $2,808 · management and general $572 · fundraising $2,236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,506 · end of year $632,170

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $107,400

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

    $59,070

  • 10c · Land, buildings and equipment, net

    beginning of year $59,070 · end of year $48,330

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $133,729 · end of year $53,902

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$68,669 · end of year $435,082

  • 28 · Net assets with donor restrictions

    beginning of year $191,516 · end of year $191,516

Mission and programs · 2024

Mission

THE PURPOSE OF THE LOVE BUILDS HOPE FOUNDATION IS TO FINANCIALLY SUPPORT THE SPIRITUAL, EDUCATIONAL, AND SOCIAL NEEDS OF THE COMMUNITY THROUGH THE PROCUREMENT AND BUILDING OF FUNDS FOR THE PRESERVATION AND PROMOTION OF PASTORAL AND CHARITABLE WORK WITHIN THE GEOGRAPHIC AREA ENCOMPASSED BY THE CATHOLIC DIOCESE OF BROWNSVILLE.

Activities or mission (Part I)

THE PURPOSE OF THE LOVE BUILDS HOPE FOUNDATION IS TO FINANCIALLY SUPPORT THE SPIRITUAL, EDUCATIONAL, AND SOCIAL NEEDS OF THE COMMUNITY.

  • The initial work of the foundation involved strategic planning and preparation for a comprehensive diocesan campaign with a goal to raise $24 million to sustain and promote Catholic parishes, mission, schools, ministries, and agencies. A campaign team was developed and trained to animate the campaign. This represented new hires for the Love Builds Hope Foundation and contractually engaging staff from Greater Mission led by their president, Thomas Sonni. Digital and print campaign materials were designed and produced for the campaign. The campaign is positioned to have a transformational impact on the life of the Church at the parish, school, and diocesan levels, expanding and enhancing how one of the poorest regions in the nation is ministered and served. The investment in this effort was made by the Diocese of Brownsville through the Catholic Foundation of the Rio Grande Valley. Given the COVID-19 pandemic, churches were shut down and the campaigns designed to take place in every parish over a series of three to four waves was suspended. The Love Builds Hope Foundation pivoted to focus on raising lead gifts for the new priority of helping its parishes and schools to recover from a dramatic loss in their income, as well as meet the needs of people in the "coloniascommunities where they serve. The RGV Crisis Response Fund was established to conduct most solicitations through online group events via Zoom. That success has also helped position the Diocese of Brownsville for success in its parish lead gifts and full campaign efforts once they can be resumed.

    Expenses $179,858

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Israel Ramon Jr

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Michael Williamson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lorena Castillo-Saldana

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maria Elena Beltran

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alonzo Beltran

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nick Serafy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bradley Wolfe

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cassandra Wolfe

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
1 January 2026
IRS schema version
2024v5.2
Source object
202600139349302400

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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