HOPE FUND INC
Mission Statement
For years the Broward County PBA felt constricted when it came to helping members with issues that were beyond the scope of the dues structure. In 1998, the Board of Directors took the lead from other PBA charters and chapters and formed a charitable giving organization to help members who suffered a catastrophic incident. It is called The HOPE Fund: Helping Our Police Everywhere. As of 2001 we began providing financial support to our members in need. Over the years our giving has expanded through the assistance of various outside charities and funds coming into the Broward County PBA. In 2003, the Board of Directors voted to offer scholarships to the children of our members through the HOPE Fund. The scholarship program is for students of members in good standing who are high school seniors and are planning to attend college in the fall, as well as students currently enrolled in a two- or four-year institution. Candidates go through an application process and submit essays to compete for available scholarships. As many as 25 seniors each year receive awards from The HOPE Fund. The HOPE Fund is registered with the State of Florida and the Internal Revenue Service as a tax-exempt charitable organization in compliance with the code of 501(c)3.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
73.0% | 86.1% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
27.0% | 9.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 41.6% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
41.0 mo | 119.9 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 92.1% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
23.7% | 5.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-51.4% | 2.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
55.7% | 11.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $123K | $54K | $186K | 73.0% | 0 |
| 2024 | $99K | $112K | $117K | 12.6% | — |
| 2023 | $109K | $105K | $130K | 69.6% | — |
| 2022 | $34K | $34K | $134K | 77.7% | — |
| 2021 | $55K | $40K | $134K | 93.7% | — |
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