Resourcewest
- Assets
- $454.1k
- Revenue
- $540.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Hopkins, MN
- Founding
- 03/2001
- Data as of
- 06/2022
- EIN
- 41-1975357
Organization Overview
Resourcewest is located in Hopkins, MN. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Resourcewest employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resourcewest 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 06/2022, Resourcewest generated $540.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $496.3k during the year ending 06/2022. 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
SUPPORT INDIVIDUALS AND FAMILIES IN THE WEST METRO THROUGH COLLABORATIVE PROGRAMS AND CONNECTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESOURCEWEST IS A NON-PROFIT COMMUNITY AGENCY THAT SERVES LOW-INCOME FAMILIES AND INDIVIDUALS LIVING IN THE WEST METRO WHO ARE STRUGGLING TO MAKE ENDS MEAT EACH DAY. RESOURCEWEST ASSISTS PEOPLE TO BECOME MORE CONNECTED, MORE RESOURCEFUL, AND MORE HOPEFUL FOR THEIR FUTURE. RESOURCEWEST'S MISSION IS TO SUPPORT INDIVIDUALS AND FAMILIES IN THE WEST METRO THROUGH COLLABORATE PROGRAMS AND CONNECTIONS TO RESOURCES AS THEY MOVE TOWARD GREATER STABILITY. FROM CRISIS TO ACTION TO HOPE, THE SERVICES OF RESOURCEWEST STABILIZES FAMILIES AND ULTIMATELY HELP HEALTHIER COMMUNITIES ONE NEIGHBOR AT A TIME. (CONTINUED ON SCHEDULE O)RESOURCEWEST ADVANCES THIS MISSION THROUGH TWO CORE INITIATIVES:1. SOCIAL SERVICES 938 HOUSEHOLDS SERVED CASE MANAGEMENT: CASE MANAGERS SUPPORT COMMUNITY MEMBERS AS THEY WORKTOWARD GREATER STABILITY. EMERGENCY ASSISTANCE: RESOURCEWEST PROVIDES ONE-TIME EMERGENCY ASSISTANCEGRANTS RELATED TO TRANSPORTATION CHALLENGES, CHILDCARE ASSISTANCE, ANDEMPLOYMENT. INFORMATION AND REFERRAL SERVICE: STAFF ANSWER QUESTIONS AND OFFERREFERRALS TO OTHER AGENCIES THAT ASSIST WITH FOOD, CLOTHING, HOUSING,HEALTHCARE, ETC.2. CHILDREN AND YOUTH PROGRAMS 3,139 CHILDREN SERVED BACK-TO-SCHOOL PROGRAMO FAMILIES PARTICIPATING 364O CHILDREN RECEIVING SUPPLIES 1,128 WINTER WARM WEAR PROGRAMO FAMILIES PARTICIPATING 276O CHILDREN RECEIVING WINTER WARM WEAR 875 TOY CHEST PROGRAMO FAMILIES PARTICIPATING 369O CHILDREN RECEIVING GIFTS 1,136
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tarah Palm Executive Director (thru Nov 2021) | Officer | 45 | $61,410 |
Tracie Stanton Executive Director (as Of Mar 2022) | Officer | 45 | $52,559 |
Dan O'reilly President | OfficerTrustee | 5 | $0 |
Sara Chovan Vice President | OfficerTrustee | 2 | $0 |
Calli Seeman Treasurer | OfficerTrustee | 2 | $0 |
Amy Saldanha Past President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,707 |
| All other contributions, gifts, grants, and similar amounts not included above | $485,122 |
| Noncash contributions included in lines 1a–1f | $162,510 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,829 |
| Total Program Service Revenue | $0 |
| Investment income | $772 |
| 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 | $540,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $221,439 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,307 |
| Compensation of current officers, directors, key employees. | $13,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,216 |
| Pension plan accruals and contributions | $2,132 |
| Other employee benefits | $18,523 |
| Payroll taxes | $13,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,350 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,087 |
| Advertising and promotion | $172 |
| Office expenses | $13,960 |
| Information technology | $1,977 |
| Royalties | $0 |
| Occupancy | $5,157 |
| 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 | $458 |
| Insurance | $2,458 |
| All other expenses | $8,724 |
| Total functional expenses | $496,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,148 |
| Savings and temporary cash investments | $309,295 |
| 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 | $652 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $454,095 |
| Accounts payable and accrued expenses | $13,894 |
| 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 | $0 |
| Total liabilities | $13,894 |
| Net assets without donor restrictions | $440,201 |
| 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 | $454,095 |