Hopeful Beginnings
- Assets
- $2.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 174
- Location
- Grand Forks, ND
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 47-4743347
Organization Overview
Hopeful Beginnings is located in Grand Forks, ND. The organization was established in 2017. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2023, Hopeful Beginnings employed 174 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeful Beginnings 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, Hopeful Beginnings generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 26.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A DEVELOPMENTALLY APPROPRIATE CHRISTIAN EVIRONMENT WHERE CHILDREN ARE ENCOURAGED TO LET GOD LOVE THEM, LOVE HIM IN RETURN AND LOVE OTHERS IN JESUS' NAME
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING DAYCARE, PRESCHOOL SERVICES AND CHILDCARE SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tricia Lee President | OfficerTrustee | 1 | $0 |
Nikki Kieffer Secretary | OfficerTrustee | 1 | $0 |
Jeff Erickson Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Johnson Member | Trustee | 1 | $0 |
Laura Muizelaar Member | Trustee | 1 | $0 |
Ken Nash Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,849 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,550 |
| Total Program Service Revenue | $2,572,739 |
| Investment income | $144 |
| 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 | $2,941,176 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $64,399 |
| Compensation of current officers, directors, key employees. | $38,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,047,045 |
| Pension plan accruals and contributions | $2,500 |
| Other employee benefits | $39,240 |
| Payroll taxes | $171,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $560 |
| Fees for services: Accounting | $3,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $830 |
| Office expenses | $26,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,101 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,426 |
| Interest | $84,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $124,556 |
| Insurance | $15,162 |
| All other expenses | $22,553 |
| Total functional expenses | $2,913,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,087 |
| Savings and temporary cash investments | $31,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,516 |
| 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 | $1,171 |
| Net Land, buildings, and equipment | $2,414,719 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $122,536 |
| Total assets | $2,633,392 |
| Accounts payable and accrued expenses | $73,580 |
| Grants payable | $0 |
| Deferred revenue | $36,526 |
| 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 | $1,944,584 |
| Unsecured mortgages and notes payable | $5,115 |
| Other liabilities | $589,630 |
| Total liabilities | $2,649,435 |
| Net assets without donor restrictions | -$16,043 |
| 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 | $2,633,392 |