Haleys Hope Inc
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 44
- Location
- West Fargo, ND
- Founding
- 05/2013
- Data as of
- 12/2023
- EIN
- 45-4502660
Organization Overview
Haleys Hope Inc is located in West Fargo, ND. The organization was established in 2013. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Haleys Hope Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haleys Hope 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, Haleys Hope Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 9 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
HALEYS HOPE BELIEVES LEARNING SUCCESS CHANGES LIVES AND IS FOCUSED ON CHANGING THE WAY PEOPLE RECOGNIZE AND UNDERSTAND HOW INDIVIDUALS WITH DYSLEXIA LEARN. THE MAIN SERVICE PROVIDED BY HALEYS HOPE IS ONE-ON-ONE TUTORING WITH AN ORTON GILLINGHAM (OG) BASED SYSTEM, PROVEN TO SIGNIFICANTLY IMPROVE READING, SPELLING AND WRITING ABILITIES OF CHILDREN AND ADULTS WITH DYSLEXIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUTORING DYSLEXIC INDIVIDUALS HALEY'S HOPE WAS LAUNCHED IN 2011 IN WEST FARGO, NORTH DAKOTA, AND HAS SERVED OVER 1200 STUDENTS. FOR OVER A DECADE, HALEY'S HOPE HAS WORKED TO PREVENT THE NEGATIVE EFFECTS OF DYSLEXIA FROM LIMITING THE POTENTIAL OF OUR YOUTH. THE HALEYS HOPE DYSLEXIA LEARNING CENTER IS THE REGION'S ONLY FACILITY PROVIDING TUTORING AND COMPREHENSIVE SERVICES TO NORTH DAKOTA, NORTH EASTERN SOUTH DAKOTA, AND NORTHWESTERN MINNESOTA. THE NATIONAL INSTITUTE OF HEALTH DECLARE INDIVIDUALS WITH DYSLEXIA TYPICALLY READ AT LEVELS SIGNIFICANTLY LOWER THAN EXPECTED DESPITE NORMAL INTELLIGENCE. DYSLEXIA AFFECTS 15 - 20 PERCENT OF STUDENTS, REPRESENTING 80 - 90 PERCENT OF THOSE IN SPECIAL EDUCATION WITH A SPECIFIC LEARNING DISABILITY (SLD). ND HAS OVER 16,400 STUDENTS IN SPECIAL EDUCATION WITH OVER 4,500, OR 27.5 PERCENT, WITH A SLD. THE NATIONAL CENTER FOR LEARNING DISABILITIES REPORTS, ...MILLIONS OF CHILDREN WITH LEARNING AND ATTENTION ISSUES ARE NOT FORMALLY IDENTIFIED. REALISTICALLY, UP TO 17,700 ND STUDENTS MAY HAVE UNDIAGNOSED SLDS. ON AVERAGE, YOUTH WHO PARTICIPATE IN TUTORING FOR 12 MONTHS INCREASE THEIR ISOLATED WORD READING BY TWO GRADE LEVELS, SPELLING BY 1.5 GRADE LEVELS, SOUND-TO-SYMBOL BY 1.2 GRADE LEVELS, AND OVERALL FUNDAMENTAL LITERACY SKILLS BY 1.75 GRADE LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Bucholz Executive Di | Officer | 40 | $81,012 |
Tom Spaeth President | OfficerTrustee | 1 | $0 |
Kevin Bucholz Vice Preside | OfficerTrustee | 1 | $0 |
Brandy Pyle Secretary | OfficerTrustee | 1 | $0 |
Jon Dahl Director | Trustee | 1 | $0 |
Joel Vettel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $33,076 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $377,028 |
| Noncash contributions included in lines 1a–1f | $3,779 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,104 |
| Total Program Service Revenue | $666,415 |
| Investment income | $670 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$482 |
| Net Income from Fundraising Events | -$862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,084,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,471 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,012 |
| Compensation of current officers, directors, key employees. | $32,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $555,892 |
| Pension plan accruals and contributions | $13,622 |
| Other employee benefits | $18,958 |
| Payroll taxes | $49,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,558 |
| Advertising and promotion | $2,685 |
| Office expenses | $29,094 |
| Information technology | $5,299 |
| Royalties | $0 |
| Occupancy | $51,549 |
| Travel | $4,779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $386 |
| Interest | $76,477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,234 |
| Insurance | $7,698 |
| All other expenses | $320 |
| Total functional expenses | $1,052,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,363 |
| Savings and temporary cash investments | $50,573 |
| Pledges and grants receivable | $85,000 |
| Accounts receivable, net | $43,359 |
| 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 | $18,865 |
| Net Land, buildings, and equipment | $2,318,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $6,420 |
| Other assets | $0 |
| Total assets | $2,570,714 |
| Accounts payable and accrued expenses | $37,453 |
| Grants payable | $0 |
| Deferred revenue | $85,000 |
| 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 | $1,973,818 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,000 |
| Total liabilities | $2,126,271 |
| Net assets without donor restrictions | $444,443 |
| 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 | $2,570,714 |