Harvest Of Hope Pantry
- Assets
- $3.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Boulder, CO
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 27-4010250
Organization Overview
Harvest Of Hope Pantry is located in Boulder, CO. The organization was established in 2011. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Harvest Of Hope Pantry employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harvest Of Hope Pantry 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 12/2023, Harvest Of Hope Pantry generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 3.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
HARVEST OF HOPE PANTRY'S MISSION IS TO PROVIDE HEALTHY SUPPLEMENTAL FOOD TO BOULDER FAMILIES AND INDIVIDUALS IN NEED OF FOOD ASSISTANCE WITHIN A SAFE, WELCOMING AND NON-JUDGEMENTAL ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARVEST OF HOPE PANTRY PROVIDES FREE, SUPPLEMENTAL FOOD TO INDIVIDUALS AND FAMILIES IN NEED. CLIENTS CAN SELECT THE ITEMS OF THEIR CHOOSING IN A GROCERY STORE SETTING. THIS CLIENT-CHOICE MODEL OFFERS DIGNITY AND AUTONOMY TO PEOPLE EXPERIENCING FOOD INSECURITY.IN 2023 WE ACHIEVED SIGNIFICANT PROGRAM SERVICE ACCOMPLISHMENTS. WITH A TOTAL OF 370 VOLUNTEERS CONTRIBUTING 8,953 HOURS, WE INCREASED THE EFFICIENCY OF OUR OPERATIONS AND BUILT ON THE POSITIVE THERAPEUTIC VALUE OF VOLUNTEER-CLIENT INTERACTIONS. THESE MEANINGFUL CONNECTIONS ENHANCE THE OVERALL EXPERIENCE FOR OUR CLIENTS. HARVEST OF HOPE PANTRYS SUPPORTIVE, INCLUSIVE AND NON-JUDGEMENTAL SHOPPING ENVIRONMENT CAN BE TRANSFORMATIVE TO THOSE IN NEED OF FOOD ASSISTANCE. OUR LIFE-SUSTAINING SERVICE REACHED 3,127 CLIENTS IN 2023, 87% MORE THAN WE ACCOMMODATED IN 2022.OUR COMMITMENT TO ADDRESSING FOOD INSECURITY WAS EVIDENT IN THE NUMBERS AS WELL. IN 2023, WE FACILITATED A TOTAL OF 20,927 SHOPPING VISITS, PROVIDING ESSENTIAL FOOD RESOURCES TO THOSE IN NEED. OUR IMPACT IS UNDERSCORED BY THE DISTRIBUTION OF 546,249 POUNDS OF FOOD THROUGHOUT THE YEAR. RECOGNIZING THE EVOLVING NEEDS OF OUR COMMUNITY, WE TOOK PROACTIVE STEPS TO IMPROVE ACCESSIBILITY. WE INTRODUCED TWO MOBILE PANTRIES, PROVIDING FOOD, ONSITE, TO INDIVIDUALS WHO MAY HAVE TRANSPORTATION OR MOBILITY LIMITATIONS. WE ALSO EXTENDED OUR OPERATING HOURS SO THAT CLIENTS NOW HAVE THE OPPORTUNITY TO SHOP LATER IN THE DAY ON TUESDAYS AND THURSDAYS. FOR THOSE WITH SCHOOL, WORK OR OTHER COMMITMENTS, SHOPPING TIMES LATER IN THE DAY ARE VITAL FOR FOOD ACCESS. THESE STRATEGIC INITIATIVES HAVE NOT ONLY BROADENED OUR REACH BUT ALSO ENSURED THAT OUR SERVICES ARE MORE ACCESSIBLE TO INDIVIDUALS FACING FOOD INSECURITY.THE POSITIVE IMPACT OF OUR PROGRAM SERVICE ACCOMPLISHMENTS IN 2023 REFLECTS THE DEDICATION OF OUR STAFF AND VOLUNTEERS, THE RESILIENCE OF OUR CLIENTS, AND OUR ONGOING COMMITMENT TO MAKING A MEANINGFUL DIFFERENCE IN FOOD ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Molter Executive Dir. | Officer | 40 | $92,007 |
Polly Buster Director | Trustee | 4 | $0 |
Trent Hein Chair | OfficerTrustee | 3 | $0 |
Karen Donnelly Secretary | OfficerTrustee | 4 | $0 |
Erin Hurst Treasurer | OfficerTrustee | 3 | $0 |
Becky Farr Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,624,175 |
| Noncash contributions included in lines 1a–1f | $918,132 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,701,675 |
| Total Program Service Revenue | $0 |
| Investment income | $1,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,705,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,007,042 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,007 |
| Compensation of current officers, directors, key employees. | $11,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $254,053 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $94,946 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,117 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,562 |
| Office expenses | $5,109 |
| Information technology | $6,991 |
| Royalties | $0 |
| Occupancy | $52,376 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,656 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,340 |
| Insurance | $12,162 |
| All other expenses | -$52,989 |
| Total functional expenses | $1,652,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,618 |
| 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 | $50,954 |
| Prepaid expenses and deferred charges | $5,215 |
| Net Land, buildings, and equipment | $2,689,275 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $290,070 |
| Total assets | $3,441,424 |
| Accounts payable and accrued expenses | $18,521 |
| 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 | $588,745 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $607,266 |
| Net assets without donor restrictions | $2,520,470 |
| Net assets with donor restrictions | $313,688 |
| 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 | $3,441,424 |