Hope Floats Healing & Wellness Center Inc
- Assets
- $1.5m
- Revenue
- $628.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Kingston, MA
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 45-0586084
Organization Overview
Hope Floats Healing & Wellness Center Inc is located in Kingston, MA. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Hope Floats Healing & Wellness Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Floats Healing & Wellness Center 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 12/2023, Hope Floats Healing & Wellness Center Inc generated $628.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $465.5k during the year ending 12/2023. While expenses have increased by 19.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HELP PEOPLE COPE WITH LOSS, SUPPORT THEIR HEALING,AND NURTURE THEIR PHYSICAL AND EMOTIONAL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS FOUNDING IN 2008, HOPE FLOATS HAS SERVED AN ESTIMATED 5,000 INDIVIDUALS WITH OUR FREE SUPPORT GROUPS, SUPPORT RETREATS, WELLNESS CLASSES AND EDUCATIONAL PROGRAMS. OUR NONPROFIT DRAWS FROM A BROAD, DIVERSE REGION PRIMARILY SOUTH OF BOSTON, INCLUDING THE SOUTH SHORE, SOUTH COAST AND UPPER CAPE. MANY OF OUR CLIENTS ARE FINANCIALLY DISADVANTAGED FAMILIES WHO OTHERWISE WOULD BE UNABLE TO AFFORD GRIEF SERVICES. IN 2023 HOPE FLOATS SERVED ABOUT 700 PEOPLE, MANY THROUGH THE MIKE'S CLUB PROGRAM FOR CHILDREN, TEENS, AND THEIR ADULT CAREGIVERS, AND THROUGH ADULT SUPPORT GROUPS AND WORKSHOPS. LAUNCHED IN 2012, MIKE'S CLUB CONTINUED AS A CORNERSTONE OF SUPPORT FOR CHILDREN AND THEIR FAMILIES FACING THE DESPAIR OF LOSING A LOVED ONE. MORE THAN 50 FAMILIES WERE SERVED INCLUDING 23 NEW ONES, AND PROGRAM CHANGES WERE MADE SUCH AS ADDING A NEW DIFFERENTIATED AGE GROUP. FAMILY NIGHTS UNDER THE MIKE'S CLUB UMBRELLA ALSO EXPENDED WELCOMING 10 FAMILIES ON THE WAITING LIST, AN EVENING OF DOING THERAPEUTIC ACTIVITIES AND SOCIALIZING. A MAJOR PROGRAM ADDITION WAS EXPANDING SCHOOL GRIEF OUTREACH TO DISTRICTS FROM BOSTON TO MIDDLEBOROUGH AND PLYMOUTH LED BY A NEW EDUCATION DIRECTOR. HOPE FLOATS PROVIDES GRIEF TRAINING TO EDUCATORS AND PARENTS, AND ALSO OFFERS TO INITIATE IN-PLACE STUDENT SUPPORT GROUPS IN THE EVENT OF A TRAGEDY IMPACTING THE SCHOOL COMMUNITY. SOME 400 CHILDREN, PARENTS, AND PROFESSIONALS WERE SERVED BY THIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Brack Executive Director | OfficerTrustee | 40 | $47,917 |
Elizabeth Mckenna Managing Director | OfficerTrustee | 40 | $63,125 |
Ken Brack Board President | OfficerTrustee | 10 | $0 |
Jane Corr Board Member | Trustee | 5 | $0 |
Elizabeth Binari Board Member | Trustee | 5 | $0 |
Janice Christo Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $74,979 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $518,332 |
| Noncash contributions included in lines 1a–1f | $172,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,311 |
| Total Program Service Revenue | $41,219 |
| Investment income | $3,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,375 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$21,835 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,409 |
| 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. | $111,042 |
| Compensation of current officers, directors, key employees. | $43,011 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $14,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,788 |
| Advertising and promotion | $4,050 |
| Office expenses | $11,578 |
| Information technology | $330 |
| Royalties | $0 |
| Occupancy | $41,058 |
| 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 | $35,828 |
| Insurance | $9,618 |
| All other expenses | $5,296 |
| Total functional expenses | $465,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,352 |
| 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 | $1,157,214 |
| Investments—publicly traded securities | $226,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,456,496 |
| Accounts payable and accrued expenses | $15,200 |
| 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 | $15,200 |
| Net assets without donor restrictions | $1,415,046 |
| Net assets with donor restrictions | $26,250 |
| 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 | $1,456,496 |