Bridges Of Hope
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 69
- Location
- Brainerd, MN
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 72-1538846
Organization Overview
Bridges Of Hope is located in Brainerd, MN. The organization was established in 2003. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2023, Bridges Of Hope employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges Of Hope 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, Bridges Of Hope generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 10.8% 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
BRIDGES OF HOPE WAS FOUNDED IN 2002 AS A 501C3 FAITH-BASED NONPROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMON GOODS THRIFT STORE: OPERATED THREE THRIFT STORES TO CONTINUE THE MISSION OF SUPPORTING CHILDREN AND FAMILIES. THE STORE UTILIZED VOLUNTEERS TO ASSIST IN STORE OPERATIONS AND PROCESSING DONATIONS. THE GOAL OF COMMON GOODS IS TO HAVE A MAJOR IMPACT ON THE NUMBER OF PRODUCTS LEAVING THE AREA AND/OR ENTERING LANDFILLS. GOODS ARE RECYCLED AND REDISTRIBUTED WITHIN THE COMMUNITY, AND AS A RESULT, LOCAL DONATIONS STAY LOCAL AND PROCEEDS FROM THE STORE HELP US SERVE LOCAL FAMILIES IN NEED.
OPERATION SANDWICH: OPERATION SANDWICH IS A GRASSROOTS PROGRAM THAT EXISTS TO END CHILDHOOD HUNGER BY FEEDING KIDS WHEN FREE AND REDUCED MEALS ARE NOT ACCESSIBLE AT SCHOOL. WE HAVE EXPANDED OUR COVERAGE AREA TO INCLUDE THE NORTHERN LAKES AREA TO SERVE MORE FAMILIES. IN THE CURRENT YEAR, WE SERVED OVER 500 FAMILIES IN NEED.
WARMING SHELTER: A SAFE, SECURE, WARM PLACE TO SLEEP FOR THE WINTER MONTHS FOR THOSE 18+ OF AGE. HOURS OF OPERATION ARE 7P.M. - 8 A.M. AND TRAINED STAFF ARE PRESENT DURING OPEN HOURS OF OPERATION.
RESOURCE CONNECTION SERVICES: WORKING 1:1 WITH INDIVIDUALS AND FAMILIES, WE ASSESS AND IDENTIFY WHICH LOCAL RESOURCES ARE BEST EQUIPPED TO MEET CLIENT NEEDS. WHEN NECESSARY, WE DISBURSE DIRECT FINANCIAL ASSISTANCE TO OVERCOME BARRIERS TO STABILITY, SUCH AS SUDDEN HEALTH EXPENSES OR IMMEDIATE RENT SUPPORT. CLIENTS CONTACT BRIDGES OF HOPE BECAUSE THEY NEED HELP WITH BASIC NEEDS, RANGING FROM FOOD TO HOUSING AND EVICTION SUPPORT, MENTAL HEALTH SERVICES, PARENT/FOSTER PARENT AND CUSTODY SUPPORT, AND EMPLOYMENT ASSISTANCE. IN 2023, WE ASSISTED 1356 HOUSEHOLDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana Shogren Executive Director | Officer | 40 | $104,915 |
Eric Holst Board Chair | OfficerTrustee | 1 | $0 |
Terese Dirks Vice Chair | OfficerTrustee | 1 | $0 |
Michael Austin Treasurer | OfficerTrustee | 1 | $0 |
Sarah Marshall Secretary | OfficerTrustee | 1 | $0 |
Randy Capelle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,528 |
| Related organizations | $0 |
| Government grants | $2,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $628,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,529 |
| Total Program Service Revenue | $0 |
| Investment income | $9,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21 |
| Net Income from Fundraising Events | -$4,816 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,263,336 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,905,856 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $132,424 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,509 |
| Compensation of current officers, directors, key employees. | $12,927 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $909,082 |
| Pension plan accruals and contributions | $9,949 |
| Other employee benefits | $23,929 |
| Payroll taxes | $79,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $355 |
| Fees for services: Accounting | $38,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $79,197 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,555 |
| Advertising and promotion | $36,366 |
| Office expenses | $43,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $224,688 |
| Travel | $18,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,952 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,497 |
| Insurance | $33,488 |
| All other expenses | $0 |
| Total functional expenses | $1,895,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,107 |
| Savings and temporary cash investments | $586,113 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,033 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $78,173 |
| Prepaid expenses and deferred charges | $34,921 |
| Net Land, buildings, and equipment | $1,029,879 |
| Investments—publicly traded securities | $58,694 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,504 |
| Total assets | $1,966,424 |
| Accounts payable and accrued expenses | $102,793 |
| Grants payable | $0 |
| Deferred revenue | $1,660 |
| 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 | $786,254 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $137,083 |
| Total liabilities | $1,027,790 |
| Net assets without donor restrictions | $887,843 |
| Net assets with donor restrictions | $50,791 |
| 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 | $1,966,424 |