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Permian Basin Gifts of Hope Inc

The bridge to cancer support

aka Gifts of Hope, Inc   |   Midland, TX   |  giftsofhopetx.org
GuideStar Charity Check

Permian Basin Gifts of Hope Inc

EIN: 20-0672472


Mission

We offer hope to the heart, soul, mind, and body of cancer patients and their families in the Permian Basin.

Ruling year info

2005

Executive Director

Clint Dickson

Main address

2006 W Tennessee Ave

Midland, TX 79701 USA

Show more contact info

Formerly known as

Gifts of Hope, Inc

EIN

20-0672472

Subject area info

Patient social services

Cancers

Population served info

Economically disadvantaged people

Health

NTEE code info

Cancer (G30)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Lodging

We have an 8 bedroom, 8 bathroom facility that offers free lodging for patient and caregiver for the entire duration of treatment and post-treatment check-ups. Our facility also has a living room, kitchen, laundry room and relaxing covered patio garden. The only requirement to stay is a cancer diagnosis and coming from outside of Midland/Odessa for treatment.

Population(s) Served
Economically disadvantaged people
Adults
Terminally ill people
Chronically ill people

Where we work

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Permian Basin Gifts of Hope Inc
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 Financial Audit 2021 990
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

0.00

Average of -742.25 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

27.6

Average of 23.2 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

8%

Average of 7% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Permian Basin Gifts of Hope Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Permian Basin Gifts of Hope Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Permian Basin Gifts of Hope Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Permian Basin Gifts of Hope Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $111,481 $100,737 $9,595 $86,113 $278,554
As % of expenses 67.6% 42.7% 3.5% 19.8% 79.8%
Unrestricted surplus (deficit) after depreciation $94,686 $84,704 -$7,845 $68,996 $258,863
As % of expenses 52.1% 33.6% -2.7% 15.2% 70.2%
Revenue composition info
Total revenue (unrestricted & restricted) $276,486 $336,918 $282,060 $521,902 $627,419
Total revenue, % change over prior year 118.5% 21.9% -16.3% 85.0% 20.2%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.6% 0.4% 0.4% 0.3% 0.7%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 99.4% 99.6% 99.6% 99.7% 99.3%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $165,006 $236,181 $272,465 $435,789 $348,867
Total expenses, % change over prior year -3.4% 43.1% 15.4% 59.9% -19.9%
Personnel 40.1% 27.4% 33.4% 27.1% 38.6%
Professional fees 1.4% 1.0% 0.9% 0.5% 1.0%
Occupancy 15.9% 10.0% 9.3% 5.8% 6.9%
Interest 0.2% 0.3% 0.2% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 23.0% 0.0%
All other expenses 42.3% 61.2% 56.2% 43.6% 53.5%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $181,801 $252,214 $289,905 $452,906 $368,558
One month of savings $13,751 $19,682 $22,705 $36,316 $29,072
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $21,922
Total full costs (estimated) $195,552 $271,896 $312,610 $489,222 $419,552

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 26.6 23.4 20.4 15.0 27.6
Months of cash and investments 26.6 23.4 20.4 15.0 27.6
Months of estimated liquid unrestricted net assets 26.6 23.4 20.4 15.1 27.7
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $365,990 $459,740 $462,475 $545,739 $802,371
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $558,997 $566,032 $572,892 $573,820 $595,741
Accumulated depreciation (as a % of LBE) 36.7% 39.1% 41.7% 44.6% 46.3%
Liabilities (as a % of assets) 0.0% 0.0% 0.0% 0.0% 0.0%
Unrestricted net assets $0 $0 $0 $0 $0
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $719,724 $804,428 $796,583 $865,579 $1,124,442

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Clint Dickson

Number of employees

Source: IRS Form 990

Permian Basin Gifts of Hope Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
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Permian Basin Gifts of Hope Inc

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Permian Basin Gifts of Hope Inc

Board of directors
as of 05/18/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Lyn Ford

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Haley Swack

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 5/18/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

We do not display disability information for organizations with fewer than 15 staff.

Equity strategies

Last updated: 05/18/2023

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.