HOPE HAVEN CHARITABLE TRUST
HOPE HAVEN CHARITABLE TRUST
EIN: 45-3066179
as of September 2024
as of September 09, 2024
Programs and results
What we aim to solve
After a trip to Rwanda in 2009, Hope Haven Rwanda's founder, Susan Hollern, was compelled to educate and spread the love of Jesus Christ to one of the most vulnerable areas in Kigali, Rwanda. After the genocide in Rwanda, there was a need for a better education system for the children in Rwanda. Susan activated a plan to equip and serve families and youth through education and agriculture.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Christ Centered Education
Hope Haven is a school that provides an outstanding education for students and cultivates God-given purposes for families.
Where we work
Photos
Videos
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Hope Haven Rwanda's goal is to transform Rwandan families through a holistic approach to education and discipleship, actively demonstrating the love, hope, and truth of Jesus Christ. We believe that our investment in each individual child and family flows into the neighborhood and eventually transforms the nation.
What are the organization's key strategies for making this happen?
Hope Haven Rwanda uses a combination of East African and McGraw Hill curriculum to teach children how to think and discover, rather than rote memorization. Local teachers who have been trained by qualified volunteers from the USA teach Hope Haven classes.
An incredible team of technology philanthropists and volunteers have come together to integrate technology with the curriculum. Projectors have been added to classrooms and document readers are in regular use. All levels of our school have access to our Technology Program. The students utilize Dell laptops and each has their own computer to learn on while in class.
All Hope Haven students are served a morning meal of nutritious porridge. All who stay for afternoon classes are also fed a healthy lunch of rice, beans, and vegetables. Hope Haven's rigorous health and hygiene training has dramatically improved the issues of chiggers and poor personal hygiene in the entire community. Families now understand the importance of cleaning themselves properly to avoid infections and parasites, and to protect their health.
What are the organization's capabilities for doing this?
Hope Haven has a qualified volunteer force who works with the teachers on how to better educate the students and their families. We also have volunteer medical teams that visit the campus to treat and teach the families. Through generous donations, we have a Technology Program that all students have access to. We believe that the family is an essential component for each student's motivation, vision, education, emotions, and nutrition. Each family must pay a small amount to have their child attend school at Hope Haven. To help make this possible, we provide jobs on campus. Parents are also offered training in the form of Savings Groups and Men of Hope Discipleship. We have also dedicated several acres of our campus to agriculture. Local workers earn an income while also learning modern, marketable farming skills.
What have they accomplished so far and what's next?
When Hope Haven Rwanda began nine years ago under an acacia tree, the dream to build a primary school in the community was just coming true. Since 2012, we have successfully added one grade level each year and are now providing academic instruction to students through Senior 2 (8th grade). Hope Haven is now positioned to expand their programs and to provide education for all students through high school graduation.
In January 2021 ground was broken on the newly acquired 9 acres of land adjacent to the current campus to build a secondary school with boarding facilities and athletic fields. When the secondary school is complete, the two schools will have a total of 94,500 square feet of classrooms, kitchens, libraries, science labs and guest housing. Additionally, there will be 45,000 square feet for student dormitory space.
This remarkable school is creating a social and educational context, where impoverished Rwandan children can grow into Christian world leaders and job creators.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We take steps to get feedback from marginalized or under-represented people, 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
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What challenges does the organization face when collecting feedback?
It is difficult to get honest feedback from the people we serve, It is difficult to identify actionable feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
20.85
Months of cash in 2022 info
3.4
Fringe rate in 2022 info
12%
Funding sources info
Assets & liabilities info
Financial data
HOPE HAVEN CHARITABLE TRUST
Balance sheetFiscal Year: Jan 01 - Dec 31
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: Jan 01 - Dec 31
This snapshot of HOPE HAVEN CHARITABLE TRUST’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 |
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Unrestricted surplus (deficit) before depreciation | $1,628,936 | $760,970 | $68,209 | $1,178,504 | $8,306,014 |
As % of expenses | 114.8% | 50.4% | 6.3% | 39.7% | 92.1% |
Unrestricted surplus (deficit) after depreciation | $1,627,736 | $756,120 | $66,459 | $1,176,562 | $8,303,185 |
As % of expenses | 114.6% | 49.9% | 6.1% | 39.6% | 92.0% |
Revenue composition info | |||||
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Total revenue (unrestricted & restricted) | $1,087,099 | $2,277,544 | $2,788,275 | $6,965,339 | $4,395,195 |
Total revenue, % change over prior year | -33.0% | 109.5% | 22.4% | 149.8% | -36.9% |
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 | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% |
Government grants | 0.0% | 0.0% | 1.7% | 0.8% | 0.0% |
All other grants and contributions | 99.4% | 101.1% | 98.2% | 98.7% | 99.1% |
Other revenue | 0.5% | -1.2% | 0.1% | 0.4% | 0.7% |
Expense composition info | |||||
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Total expenses before depreciation | $1,419,239 | $1,510,122 | $1,086,122 | $2,968,472 | $9,017,874 |
Total expenses, % change over prior year | 64.3% | 6.4% | -28.1% | 173.3% | 203.8% |
Personnel | 18.7% | 18.2% | 30.5% | 12.9% | 5.3% |
Professional fees | 8.7% | 5.9% | 8.4% | 3.2% | 1.5% |
Occupancy | 0.0% | 0.0% | 0.1% | 0.1% | 0.0% |
Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Pass-through | 64.9% | 63.1% | 51.1% | 76.7% | 90.5% |
All other expenses | 7.7% | 12.8% | 9.9% | 7.2% | 2.7% |
Full cost components (estimated) info | 2018 | 2019 | 2020 | 2021 | 2022 |
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Total expenses (after depreciation) | $1,420,439 | $1,514,972 | $1,087,872 | $2,970,414 | $9,020,703 |
One month of savings | $118,270 | $125,844 | $90,510 | $247,373 | $751,490 |
Debt principal payment | $0 | $0 | $0 | $0 | $0 |
Fixed asset additions | $24,250 | $0 | $0 | $2,473 | $0 |
Total full costs (estimated) | $1,562,959 | $1,640,816 | $1,178,382 | $3,220,260 | $9,772,193 |
Capital structure indicators
Liquidity info | 2018 | 2019 | 2020 | 2021 | 2022 |
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Months of cash | 5.9 | 5.1 | 24.4 | 22.7 | 3.4 |
Months of cash and investments | 24.9 | 26.3 | 55.2 | 42.6 | 17.9 |
Months of estimated liquid unrestricted net assets | 17.5 | 22.6 | 32.1 | 16.5 | 16.5 |
Balance sheet composition info | 2018 | 2019 | 2020 | 2021 | 2022 |
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Cash | $696,701 | $647,849 | $2,205,858 | $5,623,072 | $2,533,071 |
Investments | $2,250,455 | $2,660,959 | $2,793,915 | $4,906,690 | $10,900,634 |
Receivables | $3,060 | $788,071 | $870,055 | $675,750 | $258,132 |
Gross land, buildings, equipment (LBE) | $24,250 | $8,750 | $8,750 | $11,223 | $13,173 |
Accumulated depreciation (as a % of LBE) | 4.9% | 25.7% | 45.7% | 53.0% | 66.6% |
Liabilities (as a % of assets) | 1.9% | 1.6% | 1.9% | 0.9% | 0.9% |
Unrestricted net assets | $2,091,447 | $2,847,567 | $2,914,026 | $4,090,588 | $12,393,773 |
Temporarily restricted net assets | $829,701 | 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 | $829,701 | $1,213,051 | $2,871,572 | $7,362,091 | $1,194,903 |
Total net assets | $2,921,148 | $4,060,618 | $5,785,598 | $11,452,679 | $13,588,676 |
Key data checks
Key data checks info | 2018 | 2019 | 2020 | 2021 | 2022 |
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Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Founder and President
Susan Hollern
Number of employees
Source: IRS Form 990
HOPE HAVEN CHARITABLE TRUST
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
HOPE HAVEN CHARITABLE TRUST
Board of directorsas of 01/18/2024
Board of directors data
Natasha Harris
Kevin Hollern
John DeYoung
Kim Collins
Austin Van Wyk
Scott Whitefoot
Shelene Bryan
Susan Hollern
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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