2024-11-14T14:07:04-05:00 2023-12-31 201861481 HOSTETTER & HOSTETTER CPA 40 FRIENDLY DRIVE QUARRYVILLE PA 17566 990 2023-01-01 453466233 LEGADO DE ESPERANZA FOUNDATION LEGA 3022575227 427 N TATNALL ST 88261 WILMINGTON DE 19801 MATTHEW SPANGLER SECRETARY 3022575227 2024-11-14 true false MICHAEL I BUFFINGTON CPA P01736326 7172842468 2024-11-14 2023 2024-10-15 13:58:12Z MATTHEW SPANGLER 427N TATNALL ST 88261 WILMINGTON DE 19801 336339 false X LEGACYOFHOPEFOUNDATION.ORG X 2011 HO FAITH BASED ORGANIZATION CONTRIBUTING HOLISTIC SOLUTIONS TO CARING FOR ORPHANED AND VULNERABLE CHILDREN IN HONDURAS THROUGH FOSTER CARE, CRISIS CARE, TRANSITION CARE, AND FAMILY PRESERVATION. 5 5 1 6 0 336079 309684 23126 26655 0 0 359205 336339 0 0 131216 125018 0 2969 235025 211910 366241 336928 -7036 -589 49111 40765 158433 150676 -109322 -109911 X FAITH BASED ORGANIZATION CONTRIBUTING HOLISTIC SOLUTIONS TO CARING FOR ORPHANED AND VULNERABLE CHILDREN IN HONDURAS THROUGH FOSTER CARE, CRISIS CARE, TRANSITION CARE, AND FAMILY PRESERVATION. false false 287404 FAITH BASED ORGANIZATION CONTRIBUTING HOLISTIC SOLUTIONS TO CARING FOR ORPHANED AND VULNERABLE CHILDREN IN HONDURAS THROUGH FOSTER CARE, CRISIS CARE, TRANSITION CARE, AND FAMILY PRESERVATION. FAITH BASED ORGANIZATION CONTRIBUTING HOLISTIC SOLUTIONS TO CARING FOR ORPHANED AND VULNERABLE CHILDREN IN HONDURAS THROUGH FOSTER CARE, CRISIS CARE, TRANSITION CARE, AND FAMILY PRESERVATION. 287404 true true false false false false false false false false true false false false true false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false 0 0 false 1 true false true HO false false false false false false X 5 5 false false false false false false false true true false false false true false true true true false false false X MATTHEW SPANGLER 3022575227 427N TATNALL ST 88261 WILMINGTON DE 19801 X JENNIFER YACKANECH CHAIRMAN 2.00 X X 0 0 0 MATTHEW SPANGLER SECRETARY 2.00 X X 0 0 0 NICHOLAS YACKANECH DIRECTOR 1.00 X 0 0 0 JON STACY DIRECTOR 1.00 X 0 0 0 MARIA BETHANCOURT DIRECTOR 1.00 X 0 0 0 false false false 106187 203497 309684 COFFEE 21008 21008 TEACHERS HOUSE 5647 5647 26655 336339 26655 116345 96151 20194 8673 7199 1474 503 503 2593 2593 138 138 6554 5338 1216 5567 3092 2475 19448 11661 7787 4399 2382 1661 356 600 600 OUTSIDE SERVICES 89624 89624 PROGRAM EXPENSES 51629 51629 CONSTRUCTION 11482 11482 EDUCATION 11256 10285 971 8117 1053 7064 336928 287404 46555 2969 45509 37796 33 2919 2919 3000 2950 650 50 49111 40765 158433 150676 158433 150676 X -109322 -109911 -109322 -109911 49111 40765 -589 X true X false true false X 382703 348325 319451 336079 309684 1696242 382703 348325 319451 336079 309684 1696242 1696242 310 270 580 1696822 89698 0.99970 0.99480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3000 2950 50 50 NOTE PAYABLE - EIDL 142795 CREDIT CARDS PAYABLE 7881 150676 FORM 990, PAGE 1, PART I, LINE 6 THE VOLUNTEERS HELP WITH SOCIAL MEDIA MANAGEMENT, ADMINISTRATION AND FINANCIAL MANAGEMENT, FOSTERING CHILDREN, AND COFFEE PROGRAM ORGANIZATION. FORM 990, PAGE 2, PART III, LINE 4D FAITH BASED ORGANIZATION CONTRIBUTING HOLISTIC SOLUTIONS TO CARING FOR ORPHANED AND VULNERABLE CHILDREN IN HONDURAS THROUGH FOSTER CARE, CRISIS CARE, TRANSITION CARE, AND FAMILY PRESERVATION. FORM 990, PART V, LINE 4B HONDURAS FORM 990, PART VI PURPOSE THE PURPOSE OF THIS CONFLICT-OF-INTEREST POLICY IS TO PROTECT THE LEGACY OF HOPE FOUNDATION'S (THE "FOUNDATION") INTERESTS WHEN IT IS CONTEMPLATING ENTERING A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, DIRECTOR, OR EMPLOYEE OF THE FOUNDATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. PROCEDURES 1.DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE FOUNDERS AND BOARD OF DIRECTORS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. 2.DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE PERSON SHALL BE ABSENT FOR THE DECISION- MAKING IF A CONFLICT OF INTEREST EXISTS. 3.PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: - AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD, BUT AFTER THE PRESENTATION, THEY SHALL LEAVE THE MEETING DURING THE DISCUSSION OF POSSIBLE CONFLICT OF INTEREST. - THE CHAIRPERSON OF THE GOVERNING BOARD SHALL, IF APPROPRIATE, APPOINT AN EXTERNAL INVESTIGATOR TO THE PROPOSED TRANSACTION OR ARRANGEMENT. - AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. 4.VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY: -IF THE GOVERNING BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. - IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. ANNUAL STATEMENTS EACH DIRECTOR, PRINCIPAL OFFICER, AND BOARD MEMBER SHALL SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: -HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, -HAS READ AND UNDERSTANDS THE POLICY, -HAS AGREED TO COMPLY WITH THE POLICY, AND -UNDERSTANDS THE FOUNDATION IS A CHARITABLE ORGANIZATION AND THAT TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISHES ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. ANNUAL REVIEW - THIS POLICY WILL BE REVIEWED ANNUALLY AND MAY BE AMENDED AT THE REQUEST OF THE BOARD OF DIRECTORS. DOCUMENT RETENTION AND DESTRUCTION POLICY THE PURPOSE OF THIS DOCUMENT RETENTION AND DESTRUCTION POLICY IS TO ENSURE THAT THE LEGACY OF HOPE FOUNDATION (THE "FOUNDATION") RETAINS NECESSARY DOCUMENTS AND RECORDS FOR THE APPROPRIATE TIME PERIOD, COMPLIES WITH LEGAL AND REGULATORY REQUIREMENTS, AND APPROPRIATELY DESTROYS DOCUMENTS THAT ARE NO LONGER NEEDED. THE FOUNDATION'S RECORDS SHALL BE MAINTAINED FOR THE PERIODS SPECIFIED BELOW. RECORDS THAT ARE NO LONGER REQUIRED FOR LEGAL, OPERATIONAL, OR HISTORICAL PURPOSES SHALL BE DESTROYED IN A SECURE MANNER. RETENTION SCHEDULE: 1.CORPORATE RECORDS: -ARTICLES OF INCORPORATION, BYLAWS, AND AMENDMENTS: PERMANENT -MEETING MINUTES OF THE BOARD AND COMMITTEES: PERMANENT -BOARD POLICIES AND RESOLUTIONS: PERMANENT -CONFLICT-OF-INTEREST DISCLOSURE FORMS: 7 YEARS 2.FINANCIAL RECORDS: -AUDITED FINANCIAL STATEMENTS: PERMANENT -GENERAL LEDGERS, BALANCES, AND FINANCIAL REPORTS: 7 YEARS -TAX RETURNS AND FILINGS (IRS FORM 990): 7 YEARS -BANK STATEMENTS AND RECONCILIATION RECORDS: 7 YEARS -PAYROLL RECORDS: 7 YEARS -GRANTS AND CONTRACTS: 7 YEARS AFTER COMPLETION 3.LEGAL RECORDS: -CONTRACTS, LEASES, AND AGREEMENTS: 7 YEARS AFTER EXPIRATION -LEGAL CORRESPONDENCE: 7 YEARS -INSURANCE POLICIES: 7 YEARS AFTER EXPIRATION -LEGAL CLAIMS AND LITIGATION FILES: 7 YEARS AFTER RESOLUTION 4.DONOR AND FUNDRAISING RECORDS: -DONOR RECORDS AND ACKNOWLEDGMENT LETTERS: 7 YEARS -GRANT APPLICATIONS AND SUPPORTING DOCUMENTS: 7 YEARS AFTER COMPLETION -FUNDRAISING EVENT RECORDS: 7 YEARS 5.EMPLOYEE RECORDS: -EMPLOYMENT AND TERMINATION AGREEMENTS: 7 YEARS AFTER TERMINATION -PERSONNEL FILES (INCLUDING APPLICATION, RESUME, AND PERFORMANCE REVIEWS): 7 YEARS AFTER TERMINATION -RETIREMENT AND PENSION RECORDS: PERMANENT 6.ELECTRONIC RECORDS: -EMAILS AND CORRESPONDENCE: RETAIN ACCORDING TO THE TYPE OF RECORD (E.G., LEGAL, FINANCIAL, ETC.) -DATABASE RECORDS: RETAIN ACCORDING TO THE TYPE OF RECORD DOCUMENT DESTRUCTION: DOCUMENTS THAT HAVE MET THEIR RETENTION PERIOD AND ARE NO LONGER REQUIRED FOR LEGAL, REGULATORY, OR OPERATIONAL PURPOSES SHALL BE DESTROYED. THE METHOD OF DESTRUCTION SHOULD ENSURE THE CONFIDENTIALITY OF THE INFORMATION, SUCH AS SHREDDING PAPER DOCUMENTS AND PERMANENTLY DELETING ELECTRONIC RECORDS. SUSPENSION OF DESTRUCTION: THE SCHEDULED DESTRUCTION OF DOCUMENTS WILL BE SUSPENDED IMMEDIATELY UPON ANY INDICATION OF AN OFFICIAL INVESTIGATION OR WHEN A LAWSUIT IS FILED OR IMMINENT. DESTRUCTION SHALL BE REINSTATED UPON THE CONCLUSION OF THE INVESTIGATION. COMPLIANCE: FAILURE TO COMPLY WITH THIS POLICY MAY RESULT IN DISCIPLINARY ACTION, INCLUDING TERMINATION OF EMPLOYMENT OR AFFILIATION WITH THE FOUNDATION. THIS POLICY SHALL BE REVIEWED ANNUALLY AND UPDATED AS NECESSARY TO COMPLY WITH CHANGES IN REGULATIONS OR ORGANIZATIONAL NEEDS. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C UPON REQUEST FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST