2020-08-14T15:31:25-05:00 2019-09-30 363990892 Capin Crouse LLP 2435 Research Pkwy Suite 200 Colorado Springs CO 80920 990 2018-10-01 330430285 Children's HopeChest CHIL 7194877800 300 General Palmer Drive Palmer Lake CO 80133 Kenneth Sparks CEO 7194877800 2020-08-14 1 Ashley Peabody P01385870 7195286225 139.146.132.42 2020-08-14 16:31:16 ED P 3B22AEBB775B2DF5D3639CF1FD83C4344C094DD6 2CC120A787BD8030EF069ECF20B58024ABF0052B 2018 2020-09-23 17:36:50Z Kenneth Sparks 300 General Palmer Drive Palmer Lake CO 80133 8014360 0 X www.hopechest.org X 1990 CA Provide hope and help to orphans of the world. 7 5 34 445 0 0 7239191 8007656 0 0 1012 3050 77944 3088 7318147 8013794 3410008 2875497 0 0 1901988 2129351 2508 0 414319 3098419 3058282 8412923 8063130 -1094776 -49336 634582 676672 105090 156118 529492 520554 X See Schedule O for complete mission statement. 0 0 5390711 2323973 Children's HopeChest develops community-to-community partnerships between Christians in North America and those of orphaned and vulnerable children in 9 countries. Through sponsorship, mission trips, and development projects, these relationships help the children we serve to grow into faithful, productive, and whole adults within their home culture.Through more than 10,500 U.S. sponsorships, HopeChest:* Addresses the complex causes of poverty, including material, spiritual, emotional, social, economic, and educational needs; See Schedule O for continuation. 764448 551524 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. 709952 HopeChest Partner Visits (aka missions trips for church partners) 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 in 2019 were key to building trust and involvement between the 794 individuals who traveled on 103 partner trips with HopeChest. 6865111 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 34 1 0 1 ET 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL KY MD MI MN MS NH NJ NM NC PA SC TN UT VA WV WI X X Ken Sparks 7194877800 300 General Palmer Drive Palmer Lake CO 80133 Kenneth Sparks President & CEO 40.00 X X 136865 0 18691 Sally Townsend Chair 1.00 X X 0 0 0 Jeff Wilson Board Treasurer 1.00 X X 0 0 0 Jeff Wertheim Board Secretary 1.00 X X 0 0 0 Jim Fitzgerald Director 1.00 X 0 0 0 Karen Wistrom Director 1.00 X 0 0 0 Matthew Day Director 1.00 X 0 0 0 Ana Brown VP of Finance 40.00 X 65303 0 8306 202168 0 26997 1 0 1 0 0 8007656 356 8007656 3050 3050 1553 566 987 987 2101 2101 2101 8013794 0 0 6138 2875497 2875497 271824 111360 148653 11811 1591090 1134511 212305 244274 53932 42003 4474 7455 109767 74566 15824 19377 102738 56506 25685 20547 746 402 344 26492 757 25735 41786 41786 21441 21441 346064 135071 191155 19838 595108 470940 111439 12729 131952 75782 20577 35593 975123 929831 25146 20146 97890 96911 979 5540 3048 1384 1108 Orphan Care 610375 610375 Materials and Equipment 205765 205765 8063130 6865111 783700 414319 X 309380 311507 144875 306825 56671 29969 668851 640480 123656 28371 634582 676672 105090 156118 105090 156118 X -549316 -721907 1078808 1242461 529492 520554 634582 676672 X -49336 40398 X X 0 1 X 1 0 X 6856748 7564585 5087404 7239191 8007656 34755584 6856748 7564585 5087404 7239191 8007656 34755584 34755584 11979 554 150 1606 3050 17339 7223 76963 2101 86287 34859210 8055 0.99700 0.99620 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2016 Amount: $ 7,223. 2017 Amount: $ 76,963. 2018 Amount: $ 2,101. Schedule A, Part II, Columns (a) - (e): Per the instructions public support is measured using a 5-year computation period that includes the current and four prior tax years (including short years). The organization had a short year in 2017. The below chart clarifies the information represented in Schedule A, Part II: Column (a) - Calendar year ending 12/31/2015 Column (b) - Calendar year ending 12/31/2016 Column (c) - 9 month period ending 9/30/2017 Column (d) - Fiscal year ending 9/30/2018 Column (e) - Fiscal year ending 9/30/2019 400760 394730 6030 268091 245750 22341 28371 8014360 566 566 8013794 0 8013794 8063696 566 566 8063130 0 8063130 Part XI, Line 2d - Other Adjustments: Cost of goods sold 566. Part XII, Line 2d - Other Adjustments: Cost of goods sold 566. 1 Sub-Saharan Africa 0 0 Grants to Recipients Located in Region 1383744 Sub-Saharan Africa 34 164 Program Services Child sponsorship 1803455 Russia & the Newly Independent States 0 0 Grants to Recipients Located in Region 288950 Central America and the Caribbean 0 0 Grants to Recipients Located in Region 1202803 34 164 0 0 34 164 4678952 0 4678952 Sub-Saharan Africa Sponsorship/disciples centers, family centers, independent living centers, and churches 1383744 Wire Transfer Russia and Neighboring States Sponsorship/disciples centers, family centers, independent living centers, and churches 288950 Wire Transfer Central America and the Caribbean Sponsorship/disciples centers, family centers, independent living centers, and churches 1202803 Wire Transfer 3 0 0 0 0 0 0 0 Part I, Line 2: Monthly accounting reports are submitted to CHC by grantee accountants and CHC spot checks expense items reported by grantees to supporting documentation. Part I, line 3: The organization tracked expenditures in accordance with accrual basis of accounting using expense reports, grant feedback, and other appropriate documentation. X X 0 0 0 0 0 0 0 0 0 Kenneth Sparks President & CEO 136750 0 0 0 115 0 5625 0 13810 0 156300 0 0 0 Jim Fitzgerald Director 81885 Lessor of office space 0 Form 990, Part III, Line 1 Children's HopeChest develops highly relational, community-to-community partnerships between Christian communities in North America and communities of orphaned and vulnerable children in 10 countries. We believe the most transformational, holistic, sustainable, and long-term change occurs when one community partners with another. Children's HopeChest engages churches 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. Form 990, Part III, Line 4a: * Tends to the child's holistic needs for survival, community, education and employment; and * Transforms the lives of children through a focus on sustainability, independence and long-term self-sufficiency. 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 VP of Finance. The CEO also reviews the 990 before it is provided to the full board for their review prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Officers and board members sign annual conflict of interest statements. The finance committee reviews significant transactions throughout the year. The CEO and VP of Finance 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 Line 15a - The independent board discusses then approves the President's salary and benefits, and uses survey materials from the ECFA 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. Line 15b - The CEO approves the compensation for the VP of Finance. Comparability data is used, and the approval process is documented. Form 990, Part VI, Section C, line 19 The organization's governing documents, conflict of interest policy, and financial statements are available upon request. Part X, Lines 27-29: In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 9/30/2019. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions -$ 721,907 Line 29 - Net assets with donor restrictions $1,242,461 Total net assets $520,554 Form 990, Part XI, line 9: Foreign currency translation 40,398.