Growing Hope Foundation
- Assets
- $692.1k
- Revenue
- $119.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Owatonna, MN
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-0523799
Organization Overview
Growing Hope Foundation is located in Owatonna, MN. The organization was established in 2011. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growing Hope 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 12/2022, Growing Hope Foundation generated $119.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $99.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Growing Hope Foundation has awarded 96 individual grants totaling $332,389. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Fiske President/executive Director | 30 | $37,758 | |
Martin Little Treasurer - Thru Apr 2022 | 3 | $807 | |
Christopher Fiske Director | 2 | $400 | |
Tom Thompson Director - As Of Nov 2022 | 2 | $200 | |
Arlene Little Director - Thru Apr 2022 | 1 | $200 | |
Lois Epland Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $96,000 |
| Interest on Savings | $114 |
| Dividends & Interest | $0 |
| Net Rental Income | $20,598 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $119,656 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,365 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,629 |
| Depreciation | $0 |
| Occupancy | $4,875 |
| Travel, conferences, and meetings | $1,887 |
| Printing and publications | $0 |
| Other expenses | $6,204 |
| Total operating and administrative expenses | $72,293 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $99,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,078 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $640,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $692,078 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Growing Hope Foundation has awarded $27,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Ames, IA PURPOSE: FOCUS ON AREAS OF EDUCATION, ECONOMIC DEVELOPMENT, HEALTH, AND NUTRITION | $6,250 |
BETTER FUTURES MINNESOTA PURPOSE: HELP GUIDE MEN TO CHOOSE A NEW PATH - NEW SKILLS | $5,000 |
AZ-ONE PURPOSE: FOR SUPPORTING THE SCHOLARSHIP MENTORING PROGRAM. | $4,000 |
SYLVESTER BROOME EMPOWERMENT VILLAGE PURPOSE: PROVIDE MENTORING PROGRAMS TO THE YOUTH OF FLINT, MI | $3,750 |
Minneapolis, MN PURPOSE: AN EDUCATIONAL PROGRAM FOR MOMS STRUGGLING WITH POVERTY--HOUSING OPPORTUNITIES, AND ONE-ON-ONE COACHING AS WELL. | $2,500 |
Minneapolis, MN PURPOSE: PROVIDES QUALITY PROGRAMS IN LIFE-LONG LEARNING FOR CHILDREN, YOUTH, ADULTS, AS WELL AS FAMILY SERVICES FOR THE DIVERSE GREATER MINNEAPOLIS COMMUNITY. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yggdrasil Land Foundation Inc Burlington, WI | $11,931,878 | $632,925 |
Feed Iowa First Cedar Rapids, IA | $505,559 | $354,825 |
Growing Hope Foundation Owatonna, MN | $692,078 | $119,656 |
Bagg Bonanza Farm Historic Preservation Society Mooreton, ND | $697,303 | $59,395 |
Iowa County Recreation And Prairie Restoration Ltd Mineral Point, WI | $202,987 | $0 |