Seeds Of Hope Inc
- Assets
- $2.5m
- Revenue
- $757.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Indianapolis, IN
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 35-2086855
Organization Overview
Seeds Of Hope Inc is located in Indianapolis, IN. The organization was established in 2000. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Seeds Of Hope Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seeds Of Hope Inc 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 12/2021, Seeds Of Hope Inc generated $757.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $368.9k during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION OPERATES A HOME FOR WOMEN TO ALLOW THEM TO LIVE INDEPENDENTLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OPERATES A HOME FOR CHEMICALLY DEPENDENT WOMEN. THE GOAL IS TO ALLOW THE WOMEN TO LIVE INDEPENDENTLY, CLEAN, SOBER, AND HEALTHY LIVES. DURING 2020, THE ORGANIZATION BECAME AN ADMINISTRATOR IN THE INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) PROGRAM THROUGH THE INDIANA HOUSING COMMUNITY AND DEVELOPMENT AUTHORITY (IHCDA). THIS IDA PROGRAM HELPS LOW-INCOME INDIVIDUALS TO BUILD ASSETS, ATTAIN SELF-SUFFICIENCY, LEARN PERSONAL FINANCIAL SKILLS, AND INVEST IN IMPROVING THEIR QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvetta Grimes Executive Director | Officer | 40 | $55,521 |
Sean O'connor President | OfficerTrustee | 5 | $0 |
David Pasotti Treasurer | OfficerTrustee | 5 | $0 |
Charlie Mullen Vice President | OfficerTrustee | 5 | $0 |
Susan Palmer Treasurer (former) | OfficerTrustee | 5 | $0 |
Wendy Ketterman Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $297,307 |
| Related organizations | $0 |
| Government grants | $32,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,093 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,801 |
| Total Program Service Revenue | $63,117 |
| Investment income | $5,328 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,633 |
| Net Income from Gaming Activities | $50,356 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $756,969 |
| 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. | $55,521 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,352 |
| Payroll taxes | $11,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,980 |
| Office expenses | $10,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,477 |
| Insurance | $20,943 |
| All other expenses | $11,944 |
| Total functional expenses | $368,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $993,022 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,462,076 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,455,098 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,315 |
| 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 | $748,648 |
| Total liabilities | $756,963 |
| Net assets without donor restrictions | $1,698,135 |
| 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 | $2,455,098 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Seeds Of Hope Inc has recieved totaling $15,244.
| Awarding Organization | Amount |
|---|---|
Project Home Indy Co Indianapolis, IN PURPOSE: OPERATING | $8,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $6,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $394 |
Semler Family Foundation Inc Indianapolis, IN PURPOSE: PROGRAM SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gateway Foundation Inc Chicago, IL | $58,664,428 | $103,612,979 |
Mountain Comprehensive Care Center Inc Prestonsburg, KY | $53,375,233 | $94,428,211 |
Family Guidance Centers Inc Glenview, IL | $31,386,873 | $43,056,440 |
Mcdermott Center Chicago, IL | $51,001,445 | $37,712,444 |
Fairbanks Hospital Inc Indianapolis, IN | $19,560,027 | $20,333,233 |
A Safe Haven Foundation Chicago, IL | $38,633,365 | $22,745,158 |
Isaiah House Inc Willisburg, KY | $14,474,980 | $21,645,314 |
Tasc Inc Chicago, IL | $17,774,561 | $17,916,771 |
Rosecrance Health Network Rockford, IL | $18,948,185 | $14,346,658 |
Unlawful Narcotics Investigations Treatment And Education Inc Somerset, KY | $6,846,774 | $10,151,630 |
Healthcare Alternative Systems Inc Chicago, IL | $16,325,006 | $11,866,235 |
South Suburban Council On Alcoholism And Substance Abuse East Hazel Crest, IL | $7,345,289 | $8,312,953 |