2022-12-19T09:52:38-06:00 2022-09-30 840884124 BiggsKofford PC 630 Southpointe Court Suite 200 Colorado Springs CO 80906 990 2021-10-01 330430285 Children's HopeChest CHIL 7194877800 PO Box 1190 Palmer Lake CO 80133 Ken Sparks CEO & President 7194877800 2022-12-16 1 Ken Sparks 999009999 Bret Wichert P00576888 7195799090 2022-12-16 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Ken Sparks PO Box 1190 Palmer Lake CO 80133 5781383 0 X https://www.hopechest.org/ X 1990 CA Provide hope and help to orphans of the world. 6 5 25 840 0 0 6048816 5778835 0 0 1713 2548 0 0 6050529 5781383 2555174 2204742 0 0 1967613 1710897 0 0 364591 1578056 1752461 6100843 5668100 -50314 113283 967162 1198325 129142 277665 838020 920660 X Provide hope and help to orphans of the world. 0 0 3845206 1685848 Children's HopeChest develops highly relational, community-to-community partnerships between Christian communities in North America and communities of orphaned and vulnerable children in 5 countries. We believe the most transformational, holistic, sustainable, and long-term change occurs when one community partners with another. Children's HopeChest engages churches, businesses, and other Christian communities in long-term partnerships that help orphans survive, thrive and succeed within their home cultures by:* Empowering local leaders to share the Gospel, reduce poverty, and create self-sufficiency for every child.* Equipping partnering communities to directly engage in healthy, international development practices.* Addressing the complex causes of poverty, including material, spiritual, emotional, social, economic, and educational needs.* Tending to the child's holistic needs for survival community, education, and employment.* Transforming the lives of children through a focus on sustainability, independence, and long-term self-sufficiency,* Transforming the lives of the partnering community members through exposure, education, relationship, and service. 700478 518894 Development projects involve the setup of such infrastructure as water systems, churches, schools, and libraries. They also fund sustainability - promoting programs that include artisanship, agriculture, micro-finance, and vocational business leadership. These projects help HopeChest reach the broadest audience surrounding orphaned and vulnerable children. 132747 HopeChest Vision Trips and Partner Visits facilitate up-close and hands-on service and relationship building for partners desiring the personal touch and experience of connecting to their partnered CarePoint or Project. These relationship-building visits are key to building trust and involvement in the long-term relationship with these communities. 4678431 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 25 1 0 1 ET 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KY KS MD MA MI MN MS MO NH NJ NY NC OR PA RI SC TN UT VA WV WI NM X X The Organization 7194877800 PO Box 1190 Palmer Lake CO 80133 Sally Townsend Board Chairperson 1.00 X X 0 0 0 Jeff Wertheim Board Secretary 1.00 X X 0 0 0 Jeff Wilson Board Treasurer 1.00 X X 0 0 0 Matt Day Board Director 1.00 X 0 0 0 Brynn Albretsen Board Director 1.00 X 0 0 0 Ken Sparks President and CEO 40.00 X X 151448 0 16621 Leona Strait Controller 40.00 X 64786 0 6957 Wil Crooks VP of Strategic Partnerships 40.00 X 101140 0 8954 317374 0 32532 2 0 1 0 0 5778835 5778835 2548 2548 5781383 0 0 2548 2204742 2204742 262976 83230 161582 18164 1221169 867090 145649 208430 45064 33905 6432 4727 100618 59950 23450 17218 81070 41506 22804 16760 450 450 17734 1234 16500 196216 86491 60271 49454 11337 2731 8606 54166 24620 25236 4310 84314 42591 38732 2991 221558 182495 20497 18566 235297 204192 17446 13659 33873 25858 8015 2098 1074 590 434 Orphan care 556644 556644 Equipment and maintenan 261507 261507 Bank and credit card fe 75995 1302 74693 Fundraising 1272 1272 5668100 4678431 625078 364591 360818 260152 436274 610204 26046 40495 2844 30241 35271 697105 617340 110939 79765 0 172438 967162 1198325 129142 103816 0 173849 129142 277665 X -208767 20410 1046787 900250 838020 920660 967162 1198325 X 113283 -30643 X 0 1 X 1 0 X 7239191 8007656 7320363 6048816 5778835 34394861 7239191 8007656 7320363 6048816 5778835 34394861 34394861 1606 3050 2883 1713 2548 11800 76963 2101 79064 34485725 0.99740 0.99720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 74327 72152 2175 622778 545188 77590 79765 Operating Lease Right-of-Use Asset 172438 172438 Operating Lease Liability 173849 173849 X 5781383 0 5781383 0 5781383 5668100 0 5668100 0 5668100 Part X, Line 2: The Organization is exempt from income taxes under Internal Revenue Code ("Code") Section 501(c)(3) and is not a private foundation under Section 509(a)(2) of the Code. The Organization evaluates the effect of uncertain tax positions, if any, and provides for those positions in accordance with the provisions of FASB ASC 450, Contingencies. No tax accrual for uncertain tax positions has been recorded as management believes there are no uncertain tax positions for the Organization. 1 Sub-Saharan Africa 0 0 Grants to Recipients located in Region 1011458 Sub-Saharan Africa 2 53 Program services Child sponsorship, development projects, partner visits 1483384 Russia 0 0 Grants to Recipients located in Region 108815 Central America and the Caribbean 0 0 Grants to Recipients located in Region 1084469 Central America and the Caribbean 0 0 Program services Partner visits 48015 2 53 0 0 2 53 3736141 0 3736141 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, To support program operations, per the charitable purposes of the organization 1084469 Wire transfer 0 Russia and Neighboring States - Armenia, Azerbijan, Belarus, To support program operations, per the charitable purposes of the organization 108815 Wire transfer 0 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, To support program operations, per the charitable purposes of the organization 1011458 Wire transfer 0 3 0 0 0 0 0 0 Part I, Line 2: The Organization provides grant funds in accordance with the board-approved budget and monthly accounting reports are submitted to the Organization by grantee accountants and the Organization spot checks expense items reported by grantees to supporting documentation. Part I, line 3: The Organization tracked expenditures in accordance with the accrual basis of accounting using expense reports, grant feedback, and other appropriate documentation. Part III Accounting Method: X X X 0 0 0 0 0 0 0 0 0 Ken Sparks President and CEO 151279 0 169 0 0 0 6452 0 10169 0 168069 0 0 0 Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent CPA firm and is reviewed in detail by the Controller and the President/CEO. Then it is reviewed by board members and the finance committee prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Annually, officers and board members sign a conflict of interest statement. The finance committee reviews significant transactions throughout the year. The President/CEO and Controller regularly and consistently monitor and enforce compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15 The independent board discusses then approves the President's salary and benefits, and uses survey materials from ECFA and other independent compensation surveys to compare his compensation with compensation paid to other non-profit officers in the area. This process is documented in the minutes of the board of directors. Form 990, Part VI, Section C, line 19 The organization's governing documents conflict of interest policy, and financial statements are available upon request. Form 990, Part XI, line 9: Foreign currency translation adjustment -30,643.