Homeward Bound Foundation
- Assets
- $1.2m
- Revenue
- $206.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MN
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 41-1773223
Organization Overview
Homeward Bound Foundation is located in Plymouth, MN. The organization was established in 1994. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeward Bound 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 12/2021, Homeward Bound Foundation generated $206.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $258.6k during the year ending 12/2021. 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
PROVIDING RESOURCES TO HELP PEOPLE WITH COMPLEX DISABILITIES LIVE THEIR LIVES WITH DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEWARD BOUND FOUNDATION WAS ESTABLISHED TO MANAGE THE FUNDRAISING ACTIVITIES OF HOMEWARD BOUND, INC., A 501(C)(3) EXEMPT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Etzel Chair | OfficerTrustee | 0.1 | $0 |
Peggy Neale Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Jim Bergeson Vice Chair | OfficerTrustee | 0.1 | $0 |
Paul Gustafson Director Of Finance And Pr | Officer | 0.1 | $0 |
Donald Priebe CEO | Officer | 0.3 | $0 |
Richard Morris Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,977 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,639 |
| Noncash contributions included in lines 1a–1f | $329 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,616 |
| Total Program Service Revenue | $0 |
| Investment income | $26,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,622 |
| Net Income from Fundraising Events | $75,577 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $206,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $205,235 |
| 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 | $38,722 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $9,364 |
| Information technology | $4,674 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $567 |
| Total functional expenses | $258,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,701 |
| Savings and temporary cash investments | $173,237 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $969,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,178,699 |
| 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 | $31,066 |
| Total liabilities | $31,066 |
| Net assets without donor restrictions | $1,118,625 |
| Net assets with donor restrictions | $29,008 |
| 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 | $1,178,699 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Homeward Bound Foundation has recieved totaling $526.
| Awarding Organization | Amount |
|---|---|
Littler Mendelson Foundation Inc Kansas City, MO PURPOSE: GENERAL SUPPORT | $526 |
Endowment Analysis
| Beg. Balance | $12,615 |
| Earnings | $1,243 |
| Other Expense | $1,243 |
| Ending Balance | $12,615 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avivo Minneapolis, MN | $27,736,019 | $39,599,118 |
Dakota Boys And Girls Ranch Foundation Minot, ND | $51,874,796 | $23,890,596 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Planned Parenthood Minnesota North Dakota South Dakota Fund St Paul, MN | $74,688,900 | $2,513,382 |
Aitkin Health Services Aitkin, MN | $7,612,800 | $5,336,098 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |
Helena Bigos Supporting Foundation Golden Valley, MN | $13,151,840 | $1,923,598 |
Milwaukee Womens Center Inc Milwaukee, WI | $0 | $1,250,830 |
Tanager Place Endowment Foundation Cedar Rapids, IA | $20,247,180 | $1,974,530 |
Wlcfs Investment Corporation Germantown, WI | $9,391,936 | $847,841 |
Washburn Center for Children Holding Company Minneapolis, MN | $0 | $5,684,296 |
Minnesota Masonic Charities Funds Bloomington, MN | $189,733,075 | $15,966,548 |