Reasons For Hope
- Assets
- $1.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Jackson, MN
- Founding
- 12/2011
- Data as of
- 12/2022
- EIN
- 27-4385101
Organization Overview
Reasons For Hope is located in Jackson, MN. The organization was established in 2011. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Reasons For Hope employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reasons For Hope 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, Reasons For Hope generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 21.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REASONS FOR HOPE EXISTS TO DIRECT PEOPLE TO THE BIBLICAL JESUS BY OFFERING HOPE!H: HELPING CHRISTIANS SHARE THE GOSPEL OF JESUS CHRIST.O: OFFSETTING SECULAR THINKING WITH BIBLICAL TRUTH.P: PROVIDING RESOURCES THAT GIVE BIBLICAL ANSWERS TO REAL-WORLD QUESTIONS.E: ENCOURAGING THE CHURCH TO RELY ON GOD'S WORD AS THE FOUNDATION OF THEIR THOUGHTS, THEIR WORDS AND THEIR ACTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPEAKING IS THE MAIN FOCUS OF OUR MINISTRY. WE HAVE 4 SPEAKERS THAT TRAVEL AROUND THE WORLD TO TALK ABOUT OUR MISSION STATEMENT. MOST OF THE TRAVEL TAKES PLACE IN THE UNITED STATES.
VIDEO CONTENT AND SOCIAL MEDIA. OUR MINISTRY CREATES VIDEO FOR PRESENTATIONS, SOCIAL MEDIA AS WELL AS FOR ONLINE STREAMING PLATFORMS, PODCASTS, AND TELEVISION NETWORKS.
EQUIP CAMPS. OUR MINISTRY PUTS ON CAMPS FOR THE AGE GROUPS 12-18. EACH CAMP IS 5 DAYS LONG AND ARE STAY OVER CAMPS. THESE CAMPS ARE HELD AROUND THE UNITED STATES. THE NUMBER OF CAMPERS RANGE FROM 50-125 WITH 6 HOURS OF TEACHING AND 2 HOURS OF ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Wacker CEO | OfficerTrustee | 30 | $43,000 |
Carl Kerby President | OfficerTrustee | 60 | $37,753 |
Paul Gracey Director | OfficerTrustee | 0 | $0 |
Randy Baker Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,540,735 |
| Noncash contributions included in lines 1a–1f | $593,901 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,634,822 |
| Total Program Service Revenue | $61,086 |
| Investment income | $4,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,668 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $47,636 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,779,289 |
| 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. | $80,753 |
| Compensation of current officers, directors, key employees. | $43,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $191,845 |
| Payroll taxes | $33,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,300 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $66,665 |
| Office expenses | $9,830 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $84,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,384 |
| Insurance | $477 |
| All other expenses | $109,073 |
| Total functional expenses | $1,305,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,399 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $125,000 |
| Inventories for sale or use | $9,686 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $542,086 |
| Investments—publicly traded securities | $273,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $283,333 |
| Total assets | $1,676,373 |
| Accounts payable and accrued expenses | $9,288 |
| 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 | $1,080,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,089,988 |
| Net assets without donor restrictions | $0 |
| 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 | $586,385 |
| Total liabilities and net assets/fund balances | $1,676,373 |