Abbeys Hope Charitable Foundation
- Assets
- $2.0m
- Revenue
- $154.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Edina, MN
- Founding
- 06/2009
- Data as of
- 05/2023
- EIN
- 26-3033847
Organization Overview
Abbeys Hope Charitable Foundation is located in Edina, MN. The organization was established in 2009. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Abbeys Hope Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Abbeys Hope Charitable Foundation generated $154.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $219.6k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SAFEGUARD CHILDREN AGAINST HARM BOTH IN AND OUTSIDE SWIMMING POOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION EVENTS: LIFEJACKET EVENT:DROWNING PREVENTION DATA IS HARD TO COLLECT DUE TO THE VARYING CAUSES OF DROWNINGS, BUT THE ORGANIZATION IS ACTIVELY WORKING WITH THE HENNEPIN COUNTY WATER PATROL AND THE MN DEPT OF HEALTH TO MONITOR DROWNING STATISTICS IN OUR STATE. WITH THIS DATA WE CAN EVALUATE OUR PROGRAMMING, MAKE CHANGES AND CREATE NEW PROGRAMS. A SHARP INCREASE IN OPEN WATER DROWNINGS LED US TO SEE THE NEED FOR ADDITIONAL OPEN WATER SAFETY EDUCATION AND LIFEJACKET USAGE TRAINING.
PUBLIC ASSISTANCE: THE ORGANIZATION USES A PORTION OF THE PROCEEDS FROM ITS FUNDRAISING EVENTS TO PROVIDE ASSISTANCE TO OTHER 501(C)(3) ORGANIZATIONS WITH PURPOSES ALIGNED WITH THOSE OUTLINED IN ABBEY'S HOPE MISSION STATEMENT. NO CONTRIBUTIONS WERE MADE DURING THIS FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Paugh Taylor President/director | OfficerTrustee | 5 | $0 |
Scott Taylor Vice President/director | OfficerTrustee | 5 | $0 |
Brian Maxwell Treasurer/director | OfficerTrustee | 1 | $0 |
Dan Mikkelson Secretary | OfficerTrustee | 1 | $0 |
Judy Barnhart Director | Trustee | 1 | $0 |
Erica Malvey-Dorn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $59,665 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,329 |
| Total Program Service Revenue | $0 |
| Investment income | $55,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,080 |
| Net Income from Fundraising Events | -$22,295 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $154,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,276 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,194 |
| Fees for services: Other | $60,650 |
| Advertising and promotion | $19,568 |
| Office expenses | $10,997 |
| Information technology | $18,244 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,097 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,535 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,864 |
| All other expenses | $825 |
| Total functional expenses | $219,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,414 |
| Savings and temporary cash investments | $93,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $176 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,913,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,042,544 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,042,544 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,042,544 |
Grants Awarded
Over the last fiscal year, Abbeys Hope Charitable Foundation has awarded $23,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE YMCA; PROMOTING HEALTHY LIVING AND FOSTERING A SENSE OF SOCIAL RESPONSIBILITY | $22,000 |
STAGES THEATRE COMPANY PURPOSE: TO FURTHER THE EXEMPT PURPOSES OF STAGES THEATRE COMPANY; | $1,000 |