2019-08-15T11:35:59-05:00 2018-09-30 363990892 Capin Crouse LLP 2435 Research Pkwy Suite 200 Colorado Springs CO 80920 990 2017-10-01 330430285 Children's HopeChest CHIL 7194877800 300 General Palmer Drive Palmer Lake CO 80133 Kenneth Sparks CEO 7194877800 2019-08-15 1 Ashley Peabody P01385870 7195286225 139.146.132.42 2019-08-15 12:35:52 ED P 6AEF7DC1EA5B78D0A4A04AE96B94AF3741CD4254 4E884339CEE2C9626628E16FD1F2E4B2C8EBE661 2017 2020-04-17 16:48:07Z Kenneth Sparks 300 General Palmer Drive Palmer Lake CO 80133 7320677 0 X www.hopechest.org X 1990 CA Provide hope and help to orphans of the world. X 7 5 35 690 0 0 5087404 7239191 0 0 -20449 1012 7223 77944 5074178 7318147 701856 3410008 0 0 1912580 1901988 2210 2508 467044 3293295 3098419 5909941 8412923 -835763 -1094776 1652794 634582 126347 105090 1526447 529492 X See Schedule O for complete mission statement. 0 0 6081815 3053311 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. 836897 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 2018 were key to building trust and involvement between the 848 individuals who traveled on 91 partner trips with HopeChest. 494130 356697 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. 7412842 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 1 0 0 1 0 0 0 0 0 1 19 0 1 35 1 0 1 ET 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 Ana Brown 7194877800 300 General Palmer Drive Palmer Lake CO 80133 Kenneth Sparks President & CEO 40.00 X X 138199 0 15626 Sally Townsend Chair 1.00 X X 0 0 0 Mike Nutter Board Treasurer (part year) 1.00 X X 0 0 0 Jeff Wilson Board Treasurer 1.00 X X 0 0 0 Steve Wilson Board Secretary (part year) 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 Wendell Geary Jr part year VP of Finance 40.00 X 86631 0 616 Ana Brown VP of Finance 40.00 X 0 0 0 224830 0 16242 1 0 1 0 0 7239191 33714 7239191 1606 1606 594 -594 -594 -594 2917 1936 981 981 76963 76963 76963 7318147 981 0 77975 3410008 3410008 157569 126055 18908 12606 1466030 956334 218441 291255 69364 52492 7231 9641 109688 68451 17673 23564 99337 57615 17881 23841 27777 7623 20154 2508 2508 764018 754112 6604 3302 5241 687 532 4022 269518 64302 174389 30827 208190 185063 12182 10945 89785 40941 19353 29491 969801 929253 17378 23170 101527 100620 907 7802 4526 1404 1872 Orphan Care 613530 613530 Materials and Equipment 41230 41230 8412923 7412842 533037 467044 X 220603 309380 579226 144875 55923 56671 666246 542590 797042 123656 1652794 634582 126347 105090 126347 105090 X 90159 -549316 1436288 1078808 1526447 529492 1652794 634582 X -1094776 97821 X X 0 1 X 1 0 X 5590533 6856748 7564585 5087404 7239191 32338461 5590533 6856748 7564585 5087404 7239191 32338461 32338461 23991 11979 554 150 1606 38280 7223 76963 84186 32460927 979543 0.99620 0.99780 X Schedule A, Part II, Line 10, Explanation of Other Income: Other Income - 2016 Amount: $ 7,223. 2017 Amount: $ 76,963. 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 12/31/2014 Column (b) - Calendar year ending 12/31/2015 Column (c) - Calendar year ending 12/31/2016 Column (d) - 9 month period ending 9/30/2017 Column (e) - Fiscal year ending 9/30/2018 398155 385803 12352 268091 156787 111304 123656 7417904 99757 99757 7318147 0 7318147 8414859 1936 1936 8412923 0 8412923 Part XI, Line 2d - Other Adjustments: Foreign currency translation 97,821. Cost of goods sold 1,936. Part XII, Line 2d - Other Adjustments: Cost of goods sold 1,936. 1 Sub-Saharan Africa 0 0 Grant making 1731702 Sub-Saharan Africa 34 161 Program services Child sponsorship 1669251 Russia & the Newly Independent States 0 0 Grant making 793401 South Asia 0 0 Grant making 66176 Central America and the Caribbean 0 0 Grant making 818729 34 161 0 0 34 161 5079259 0 5079259 Sub-Saharan Africa Sponsorship/disciples centers, family centers, independent living centers, and churches 1629563 Wire transfer South Asia Sponsorship/disciples centers, family centers, independent living centers and churches 66176 Wire transfer Central America and the Caribbean Sponsorship/disciples centers, family centers, independent living centers and churches 718054 Wire transfer Russia and Neighboring States Sponsorship/disciples centers, family centers, independent living centers and churches 185299 Wire transfer Central America and the Caribbean Deconsolidate operations 99979 Wire transfer 696 Fixed Assets Book Value Sub-Saharan Africa Deconsolidate operations 76600 Wire transfer 25539 Fixed Assets Book Value Russia and Neighboring States Deconsolidate operations 68469 Wire transfer 539633 Fixed Assets Book Value 7 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 1 0 0 0 0 0 0 0 0 Kenneth Sparks President & CEO 136750 0 1449 0 0 0 5625 0 10001 0 153825 0 0 0 Part I, Line 4a Wendell Geary received a severance payment of $17,703. Jim Fitzgerald Director 78735 Lessor of office space 0 X 2 33714 Fair market value 0 0 1 0 Part I, Column (b): The number of contributions reported is the number of contributions received, not the number of items contributed. Cash and Fixed Assets 2017-10-01 100675 Book Value Children's HopeChest Guatemala 2 Av Lotificacion San Antonio Mixco GT zona 7 Foreign 501(c)(3) equivalent Cash and Fixed Assets 2017-10-01 102139 Book Value Children's HopeChest Uganda PO Box 418 Soroti UG Foreign 501(c)(3) equivalent Cash and Fixed Assets 2017-10-01 608102 Book Value Fund Nadezhda Traktornaya Street 3 Vladimir RS 600026 Foreign 501(c)(3) equivalent 1 0 0 0 Part II, Line 2e: Person(s) Involved: Kenneth Sparks Part II, Line 2e: Explanation of Involvement: Kenneth Sparks, President and CEO, is a Board member of Fund Nadezhda, Chidren's HopeChest Uganda, and Children's HopeChest Guatemala. 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 9/30/2018. 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 -$549,316 Line 29 - Net assets with donor restrictions 1,078,808 Total net assets $529,492 Form 990, Part XI, line 9: Foreign currency translation 97,821.