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 12/2021, Hopeful Beginnings employed 87 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 12/2021, Hopeful Beginnings generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 21.4% per year over the past 6 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
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tricia Lee President | OfficerTrustee | 1 | $0 |
Jessica Ford Vice President | OfficerTrustee | 1 | $0 |
Jeff Erickson Treasurer | OfficerTrustee | 1 | $0 |
Nikki Kieffer Secretary | OfficerTrustee | 1 | $0 |
Sarah Schindler Exec Director | OfficerTrustee | 40 | $0 |
Laura Muizelaar Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $169,966 |
All other contributions, gifts, grants, and similar amounts not included above | $131,017 |
Noncash contributions included in lines 1a–1f | $130,905 |
Total Revenue from Contributions, Gifts, Grants & Similar | $300,983 |
Total Program Service Revenue | $1,060,728 |
Investment income | $1,188 |
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 | $1,362,899 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $7,614 |
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. | $49,046 |
Compensation of current officers, directors, key employees. | $29,428 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $751,197 |
Pension plan accruals and contributions | $2,500 |
Other employee benefits | $38,116 |
Payroll taxes | $64,205 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,264 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,536 |
Office expenses | $10,480 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $151,605 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $613 |
Interest | $6,822 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $40,080 |
Insurance | $7,468 |
All other expenses | $12,031 |
Total functional expenses | $1,332,584 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $124,562 |
Savings and temporary cash investments | $19,568 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,598 |
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 | $940,375 |
Net Land, buildings, and equipment | $118,059 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,205,162 |
Accounts payable and accrued expenses | $164,960 |
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 | $500,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $350,000 |
Total liabilities | $1,014,960 |
Net assets without donor restrictions | $190,202 |
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 | $1,205,162 |
Over the last fiscal year, we have identified 1 grants that Hopeful Beginnings has recieved totaling $112.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
Organization Name | Assets | Revenue |
---|---|---|
Child Care Resource And Referral Inc Rochester, MN | $8,853,289 | $18,520,404 |
Apple Tree Childrens Center Inc Sioux Falls, SD | $1,444,278 | $5,832,493 |
Child Care Resources Inc Missoula, MT | $1,667,296 | $4,585,149 |
Nurturing Center Inc Kalispell, MT | $601,969 | $3,236,096 |
Greater Butte Community Co-Ordinated Child Child Care Serv Butte, MT | $549,187 | $2,561,325 |
Kids Korner Educare Centers Inc Owatonna, MN | $1,912,986 | $2,357,005 |
Seed Daycare Minneapolis, MN | $5,758,708 | $1,975,520 |
Bloom Early Learning Plymouth, MN | $1,049,278 | $2,343,681 |
Babys Space - A Place To Grow Minneapolis, MN | $1,009,308 | $2,534,695 |
Love To Grow On Lino Lakes, MN | $5,214,624 | $1,904,428 |
Apple Lane Community Child Care Center Austin, MN | $343,882 | $1,615,392 |
Agape Child Development Center Minneapolis, MN | $626,929 | $1,698,613 |