Last Hope
- Assets
- $769.8k
- Revenue
- $373.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Farmington, MN
- Founding
- 09/1985
- Data as of
- 12/2023
- EIN
- 41-1520897
Organization Overview
Last Hope is located in Farmington, MN. The organization was established in 1985. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. As of 12/2023, Last Hope employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Last 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 12/2023, Last Hope generated $373.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $376.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 9 years. 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
PROVIDING RESCUE, VETERINARY SERVICES, AND PERMANENT HOME PLACEMENT FOR ABANDONED ANIMALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAST HOPE INC. PROVIDED PLACEMENT OF HUNDREDS OF CATS AND DOGS WITH PERMANENT HOMES AND/OR VETERINARY SERVICES. SINCE INCEPTION IN 1985, 45,000 ANIMALS HAVE BEEN SAVED. IN 2023, 330 CATS AND 102 DOGS WERE PLACED IN PERMANENT HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Christianson Marketing Manager | Trustee | 10 | $0 |
Beverley Orr Founder | OfficerTrustee | 2 | $0 |
John Orr Director | Trustee | 2 | $0 |
Dirk Rotty Director | Trustee | 2 | $0 |
Jennifer Williams President | OfficerTrustee | 20 | $0 |
Jennifer Fredrickson Treasurer | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southview Animal Hospital Vet Services | 12/30/20 | $383,329 |
Farmington Veterinary Clinic Vet Services | 12/30/20 | $128,880 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $258,866 |
| Noncash contributions included in lines 1a–1f | $38,127 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,486 |
| Total Program Service Revenue | $98,094 |
| Investment income | $4,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,665 |
| Net Income from Fundraising Events | $570 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $373,476 |
| 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 | $54,393 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,866 |
| Advertising and promotion | $502 |
| Office expenses | $354 |
| Information technology | $1,845 |
| Royalties | $0 |
| Occupancy | $13,034 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,535 |
| All other expenses | $6,990 |
| Total functional expenses | $376,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,063 |
| Savings and temporary cash investments | $488,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7 |
| 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 | $0 |
| Investments—publicly traded securities | $108,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $775 |
| Total assets | $769,786 |
| 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 | $2,113 |
| Total liabilities | $2,113 |
| 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 | $767,673 |
| Total liabilities and net assets/fund balances | $769,786 |