FAVRE 4 HOPE FOUNDATION INC

EIN: 640870371 501(c)(3)

GULFPORT, MS

Total Revenue
$50,287
Total Expenses
$1,278,216
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MS
Principal Officer
DEANNA FAVRE
Phone
2288964441
Tax Period
2022-01-01 to 2022-12-31

FAVRE 4 HOPE FOUNDATION INC, founded in 1995, is a micro nonprofit that reported $50K in total revenue in fiscal year 2022. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 2442% operating deficit.

Mission

TO SUPPORT CHARITABLE ORGANIZATIONS WHOSE FOCUS IS TO PROVIDE SUPPORT FOR DISADVANTAGED CHILDREN WHO RESIDE IN MISSISSIPPI, WISCONSIN, AND MINNESOTA. THE PROCEEDS FROM THE FOUNDATION'S FUNDRAISERS WILL BE DISTRIBUTED TO CHARITABLE ORGANIZATIONS IN MISSISSIPPI, WISCONSIN, AND MINNESOTA WHO MEET THIS CRITERIA. ADDITIONALLY, THE FOUNDATION PROVIDES SUPPORT TO NON PROFITS THAT PROVIDE ASSISTANCE TO BREAST CANCER PATIENTS IN MISSISSIPPI, WISCONSIN, AND MINNESOTA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $47,061
Program Service Revenue $0
Investment Income $2,414
Other Revenue $812
TOTAL REVENUE $50,287

Expense Breakdown

Grants Paid $1,224,425
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,224,425
Other Expenses $53,791
TOTAL EXPENSES $1,278,216

Year-over-Year Comparison

2022 2021 Change
Revenue $50,287 $120,314 -0.6%
Expenses $1,278,216 $172,861 +6.4%
Net Income $-1,227,929 $-52,547 +22.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEANNA FAVRE PRESIDENT/CE N/A
Officer Director
$0 $0 $0
BRETT FAVRE CHAIRMAN N/A
Officer Director
$0 $0 $0
FRANK BERTUCCI JR DIRECTOR N/A
Director
$0 $0 $0
ROBERT L CULUMBER DIRECTOR N/A
Director
$0 $0 $0
MIKE DANIELS DIRECTOR N/A
Director
$0 $0 $0
SUSAN WALKER DIRECTOR N/A
Director
$0 $0 $0
JAMES BUS COOK ESQ DIRECTOR N/A
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
2022 $50,287 $1,278,216 No data $-1,227,929
2021 $120,314 $172,861 $1,378,485 $-52,547
2020 $127,716 $164,448 $1,405,612 $-36,732
2019 $299,404 $177,411 $1,442,344 $121,993
2018 $149,691 $191,497 $1,320,351 $-41,806
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