Give Hope 2 Kids
- Assets
- $961.4k
- Revenue
- $311.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Waconia, MN
- Founding
- 04/2006
- Data as of
- 12/2021
- EIN
- 42-1668231
Organization Overview
Give Hope 2 Kids is located in Waconia, MN. The organization was established in 2006. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Give Hope 2 Kids employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Give Hope 2 Kids 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, Give Hope 2 Kids generated $311.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $252.3k during the year ending 12/2021. While expenses have increased by 10.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GIVE HOPE 2 KIDS EXISTS TO PROVIDE SHELTER, EDUCATION, AND A STABLE FAMILY UPBRINGING FOR ORPHANED AND ABANDONED CHILDREN SO THAT THEY CAN DEVELOP INTO HEALTHY ADULTS WHO WILL HAVE A POSITIVE IMPACT IN THEIR CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S HOME PROGRAM -- WE OPERATE FAMILY-CARE HOMES FOR ORPHANED AND ABANDONED CHILDREN IN HONDURAS. IN 2021 WE CARED FOR 45 KIDS FOR THE WHOLE YEAR.
EDUCATIONAL PROGRAM -- WE PROVIDED HIGH SCHOOL SCHOLARSHIPS FOR 19 STUDENTS AND UNIVERSITY SCHOLARSHIPS FOR 3 STUDENTS. WE RAN A HOMESCHOOL PROGRAM FOR 22 ELEMENTARY STUDENTS.
AGRICULTURAL PROGRAM -- WE OPERATE A FARM WITH COWS, FRUIT ORCHARDS, COFFEE, AND HARD WOODS TO HELP OUR NON-PROFIT BECOME SELF-SUSTAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Furrow President | Officer | 60 | $11,400 |
Sarah Furrow Administrator | Officer | 25 | $11,400 |
Lance Ratze Vice President | Officer | 1 | $0 |
Mike Nosser Secretary & Treasurer / Board Chair | Officer | 3 | $0 |
Casey Helbach Board Member | Officer | 0 | $0 |
Gerald Cole Board Member | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $310,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $310,759 |
| Total Program Service Revenue | $260 |
| Investment income | $0 |
| 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 | $311,019 |
| 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. | $22,800 |
| Compensation of current officers, directors, key employees. | $6,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,888 |
| Payroll taxes | $1,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $607 |
| Fees for services: Accounting | $40 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $339 |
| Office expenses | $3,196 |
| Information technology | $2,651 |
| Royalties | $0 |
| Occupancy | $11,790 |
| Travel | $11,613 |
| 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 | $20,340 |
| Insurance | $2,406 |
| All other expenses | $0 |
| Total functional expenses | $252,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,357 |
| 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 | $860,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,763 |
| Total assets | $961,368 |
| 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 | $185,300 |
| Unsecured mortgages and notes payable | $11,211 |
| Other liabilities | $872 |
| Total liabilities | $197,383 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $763,985 |
| 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 | $961,368 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Give Hope 2 Kids has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Feed My Starving Children Coon Rapids, MN | $39,897,595 | $62,648,844 |
American Relief Agency For The Horn Of Africa Araha Columbia Heights, MN | $1,563,044 | $5,680,724 |
Partners In Food Solutions Minneapolis, MN | $6,630,359 | $3,742,547 |
Childrens Shelter Of Cebu Shoreview, MN | $4,022,401 | $2,605,054 |
Alimenta La Solidaridad Inc Madison, WI | $589,785 | $2,393,623 |
International Association For Refugees Minneapolis, MN | $1,103,297 | $2,184,072 |
Arrive Ministries Minneapolis, MN | $1,605,784 | $2,579,150 |
Gods Child Project Golden Valley, MN | $2,857,798 | $2,322,486 |
Potters House Association Internationl Inc Pewaukee, WI | $198,362 | $1,642,419 |
Gospel To Haiti Inc Reedsburg, WI | $906,868 | $1,622,429 |
Haiti Teen Challenge Minneapolis, MN | $1,003,985 | $1,530,233 |
Children Of The Promise Willmar, MN | $1,318,055 | $1,240,203 |