HOPE FOR HONDURAN CHILDREN FOUNDATION

EIN: 202432585 501(c)(3) Philanthropy & Grantmaking

Shaker Heights, OH

Total Revenue
$156,995
Total Expenses
$169,458
Total Assets
$744,200
Net Assets
$744,200
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
OH
Principal Officer
Karen Godt
Phone
2164031051
Tax Period
2024-01-01 to 2024-12-31

HOPE FOR HONDURAN CHILDREN FOUNDATION, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $157K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $744K represent 57 months of operating reserves.

Mission

Our mission is to protect, inspire, nurture, educate, train, and challenge disadvantaged vulnerable Honduran children. We mentor and provide opportunities to help them reach their full potential and become self-sufficient, caring, responsible adults. Extreme poverty, lack of opportunity, drugs and gang violence contribute to a catastrophic struggle for human survival in Honduras. Most at risk are rural youth who migrate to the cities in search of opportunity where they are confronted with hunger, unemployment, disease, drug cartels, and brutal gangs specializing in trafficking, killings, kidnappings, rape and extortion. A United Nations Global Study advocates strong investment in education and employability for vulnerable children, youth, orphans, and those without access to public services. These are the children the Hope for Honduran Children Foundation works to serve, educate, and provide opportunities.

Program Service Accomplishments

Program 1
Expenses: $123,795 Revenue: $43,351

EDUCATION AND SPONSORSHIP The United Nations reports that Honduras has the worst educational system in Central America and 51% of Honduran children receive no education after sixth grade. Extreme...

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EDUCATION AND SPONSORSHIP The United Nations reports that Honduras has the worst educational system in Central America and 51% of Honduran children receive no education after sixth grade. Extreme poverty and lack of education are very pressing problems that are prevalent for 75% of the population living in the mountain villages. In the rural communities most adults are unemployed and 2 in 10 are illiterate. Without the benefit of a good education, the population we serve has no possible escape from their cycle of deplorable poverty. In 2024 H4HC provided scholarships for 14 university scholars plus 4 high school students in our 2 residential homes. Additional support was provided to three students not living in our residences. Our long-term residential program requires exemplary character and academic focus while students are provided safe shelter, food, a quality education, clothing, medical care and abundant love. It is a family environment with rigorous expectations. The students quickly learn the benefits of integrity, self-discipline and honor and are supported through their studies at the university. H4HC students are thriving and graduates quickly find excellent employment.

Program 2
Expenses: $32,709 Revenue: $26,595

PEOPLE-TO-PEOPLE HUMANITARIAN SERVICE PROGRAM & CULTURAL EXCHANGE TRIPS - There is no better classroom than the world itself and no more impactful lesson than immersion into the vibrant and loving...

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PEOPLE-TO-PEOPLE HUMANITARIAN SERVICE PROGRAM & CULTURAL EXCHANGE TRIPS - There is no better classroom than the world itself and no more impactful lesson than immersion into the vibrant and loving, yet impoverished Honduran culture. Immersion trips are an integral part of the foundation's success with each trip designed to make a sustainable difference in the lives of the Honduran children, their families, the local communities, and the lives of our service volunteers. In 2024 there were two week-long trips (February and June). The trips offer a myriad of opportunities such as: 1) to engage in meaningful interaction with children & local villagers 2) to immerse yourself in a diverse and meaningful cultural experience 3) to enhance your global awareness 4) to bring much needed supplies to isolated villages 5) to change the world of a child in desperate need 6) to establish impactful relationships with our residential students.

Program 3
Expenses: $4,852 Revenue: $8,300

SPECIAL PROJECTS - are those for which Hope for Honduran Children raises special funding to offset the costs of planning, implementation and continuation. Our Feed A Village program is extremely...

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SPECIAL PROJECTS - are those for which Hope for Honduran Children raises special funding to offset the costs of planning, implementation and continuation. Our Feed A Village program is extremely impactful. In 2024, the program helped to support several isolated and impoverished communities providing them with educational assistance, food, shoes, clothing, vitamins, medical and educational supplies. Scholarships were awarded to three university students, one student to medical school, one student to nursing school, and four students to high school. H4HC also brought support to the local Center for the Blind and internet connection to the local Santa Lucia high school. H4HC makes a meaningful and sustainable difference in the lives of rural Honduran Children as the foundation firmly believes that "A child without education is like a bird without wings."

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,085
Program Service Revenue $78,246
Investment Income $28,664
Other Revenue $0
TOTAL REVENUE $156,995

Expense Breakdown

Grants Paid $104,892
Salaries & Benefits $45,334
Fundraising Expenses $227
Program Expenses $161,356
Other Expenses $19,232
TOTAL EXPENSES $169,458

Year-over-Year Comparison

2024 2023 Change
Revenue $156,995 $200,642 -0.2%
Expenses $169,458 $208,527 -0.2%
Net Income $-12,463 $-7,885 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
1
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$42,000
Total Directors
9
$42,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Godt Executive Director 50
Officer Director
$42,000 $0 $42,000
John Godt Director 40
Director
$0 $0 $0
Michael Ausperk Director 0
Director
$0 $0 $0
Richard Bedell Director 0
Director
$0 $0 $0
Grant Cathcart Director 0
Director
$0 $0 $0
Yvonne Hsu Director 0
Director
$0 $0 $0
Mark LaRose Direstor 0
Director
$0 $0 $0
Hugh O'Neill IV Director 0
Director
$0 $0 $0
William Peacock Director 0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $156,995 $169,458 $744,200 $-12,463
2023 $200,642 $208,527 $743,333 $-7,885
2022 $233,469 $180,015 $732,996 $53,454
2021 $319,191 $152,331 $705,198 $166,860
2020 $164,461 $146,675 $533,203 $17,786
2019 $183,523 $190,769 $511,395 $-7,246
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