Hope Unlimited for Children

Summary

Hope Unlimited for Children ("Hope Unlimited") ministers to the physical, educational, and spiritual needs of Brazil's street children who live in mortal risk. Using a comprehensive Christ-centered model, these children experience personal transformation while being equipped to live successful, productive lives as adult members of society. Our comprehensive model is long-term, residential, educational and community-based. We measure success by the lives of hundreds of graduates who have truly broken the cycle of violence and neglect as evidenced by their own healthy families, careers, spiritual maturity, and church and community service. We currently operate three large youth ranches near Campinas (Sao Paulo State) and Vitoria (Espirto Santo State), along with various graduate and family outreach programs, serving over 1,000 formerly homeless or at-risk youth and their families annually.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
3130 Alpine Road
Ste 288-125
Portola Valley, CA 94028

Website: www.hopeunlimited.org

Phone: (888) 444-1344

Email: info@hopeunlimited.org


Organization details

EIN: 330480141

CEO/President: Mr. Philip Smith

Chairman: Mr. Paul Husby

Board size: 7

Founder: Rev. Jack Smith, Philip Smith, David Swoap

Year founded: 1991

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1995


Purpose

Hope Unlimited for Children ("Hope Unlimited") ministers to the physical, educational, and spiritual needs of Brazil's street children who live in mortal risk. Using a comprehensive Christ-centered model, these children experience personal transformation while being equipped to live successful, productive lives as adult members of society. Our comprehensive model is long-term, residential, educational and community-based. We measure success by the lives of hundreds of graduates who have truly broken the cycle of violence and neglect as evidenced by their own healthy families, careers, spiritual maturity, and church and community service. We currently operate three large youth ranches near Campinas (Sao Paulo State) and Vitoria (Espirto Santo State), along with various graduate and family outreach programs, serving over 1,000 formerly homeless or at-risk youth and their families annually.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

Hope Unlimited uses the following to express its mission:

Hope Unlimited rescues and cares for children and teenagers living in the streets in situations of imminent risk. Hope's goal is for each one to become a fulfilled and contributing member of society, filled with unlimited hope for a brighter tomorrow.


Statement of faith

Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating304 of 43051 of 60
Fund acquisition rating385 of 43058 of 60
Resource allocation rating394 of 43060 of 60
Asset utilization rating38 of 43011 of 60

Click here to read Hope Unlimited for Children's response to our ratings


Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%16%9%7%7%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%16%9%9%7%9%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%100%100%132%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%17%9%7%8%10%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%0%0%-32%0%0%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%67%83%85%83%78%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%94%102%138%96%99%
Program output ratio Program output ratio =
Program services /
Total revenue
81%63%85%118%80%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%6%-2%-38%4%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%45%-27%-253%11%3%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%17%8%8%9%13%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.326.218.686.881.711.74
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.531.001.011.023.013.63
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.536.238.787.015.146.29
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.097.943.053.944.152.76
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.130.330.250.240.36
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.071.680.921.281.771.22
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%13%34%25%36%38%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%28%28%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%14%8%11%38%35%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$204,377$144,645$162,432$233,549$172,231
Receivables, inventories, prepaids$19,310$17,894$17,894$18,239$21,030
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$223,687$162,539$180,326$251,788$193,261
Long-term investments$0$0$0$500,000$500,000
Fixed assets$692$1,886$3,206$5,039$7,368
Other long-term assets$0$0$0$0$0
Total long-term assets$692$1,886$3,206$505,039$507,368
Total assets$224,379$164,425$183,532$756,827$700,629
 
Liabilities20172016201520142013
Payables and accrued expenses$28,187$53,376$45,819$31,836$42,824
Other current liabilities$0$0$0$28,776$27,205
Total current liabilities$28,187$53,376$45,819$60,612$70,029
Debt$0$0$0$210,663$199,161
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$695$2,680$0$0$0
Total long-term liabilities$695$2,680$0$210,663$199,161
Total liabilities$28,882$56,056$45,819$271,275$269,190
 
Net assets20172016201520142013
Unrestricted$115,797$108,369$137,713$485,552($68,561)
Temporarily restricted$80,000$0$0$0$500,000
Permanently restricted$0$0$0$0$0
Net assets$195,497$108,369$137,713$485,552$431,439
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$1,481,945$1,398,055$1,204,311$1,348,389$1,231,233
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($1,008)($518)($330)($492)($728)
Other revenue$0$0($288,241)$0$0
Total other revenue($1,008)($518)($288,571)($492)($728)
Total revenue$1,480,937$1,397,537$915,740$1,347,897$1,230,505
 
Expenses20172016201520142013
Program services$931,221$1,184,797$1,077,951$1,075,668$944,624
Management and general$231,131$120,690$98,745$119,383$155,165
Fundraising$231,457$121,394$86,883$98,733$116,415
Total expenses$1,393,809$1,426,881$1,263,579$1,293,784$1,216,204
 
Change in net assets20172016201520142013
Surplus (deficit)$87,128($29,344)($347,839)$54,113$14,301
Other changes in net assets$0$0$0$0$0
Total change in net assets$87,128($29,344)($347,839)$54,113$14,301

Response from ministry

HOPE UNLIMITED INTERNATIONAL 05/21/01



Hope Unlimited International's mission is to provide residential and vocational training to street children in Brazil. To carry out this mission, we need physical facilities in which to house and train the children. These long-term assets currently represent 86% of our total assets. This asset mix, and the accumulation of annual surpluses necessary to build up and expand our facilities, penalizes HUI on the efficiency measures selected by Wall Watchers. HUI values these ratings as useful tools, and hopes that Wall Watchers would consider developing a more relevant "peer" subset against which to measure the effectiveness of organizations like HUI that do not simply channel funds received out to their programs in the current accounting period.

Another aspect not dealt with in these standards of efficiency is HUI's long standing policy that Board members and friends cover all the administrative costs in the US, thereby allowing all funds received from donors to be passed straight through to the Brazilian programs.


History

Hope Unlimited was founded in 1991 by Jack Smith, Philip Smith--the current president and the son of Jack Smith, and David Swoap. Jack Smith brought with him the experience of having founded a home for street children in Ethiopia that today cares for over 5,000 children at many sites. On June 25, 1998, he succumbed to liver cancer from Hepatitis contracted during his years overseas and went to be with the Lord. Until his teenage years, Philip Smith grew up in Ethiopia amidst the children of the school for orphans founded by his father. At 24, he decided he would follow his Father's footsteps and dedicate his life to serving needy children overseas. Philip is the President of Hope Unlimited and has his office at the City of Youth in Brazil. David Swoap is the former United States undersecretary of Health and Welfare, also serving as California's Secretary for Health and Human Services. During his years of public service, he dreamed about being involved in an effort to help children overseas. In 1991 he received this opportunity. David Swoap is the current chairman of the International Board of Directors. The City of Youth was established in Campinas in 1991.

Hope Unlimited can trace its history back to 1971, when the organization's founder, Jack Smith, established a similar project (Hope Enterprises) in Adis Ababa, Ethiopia. Over the course of 25 years, this project has expanded to 36 sites serving more than 5,000 youth daily. When the Ethiopian government expelled all Americans from Ethiopia, Hope Enterprises continued to thrive, entirely controlled by local efforts.


Program accomplishments


Needs