Streams Of Hope
- Assets
- $3.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Grand Rapids, MI
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 72-1610023
Organization Overview
Streams Of Hope is located in Grand Rapids, MI. The organization was established in 2006. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Streams Of Hope employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Streams 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 12/2022, Streams Of Hope generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 21.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE EXIST TO DEMONSTRATE THE LOVE OF JESUS THROUGH PROGRAMS AND RELATIONSHIPS THAT BUILD A HEALTHIER NEIGHBORHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE ITS INCEPTION IN 2006, STREAMS OF HOPE HAS BEEN DEDICATED TO SERVING SOUTHEAST KENT COUNTY. THROUGH A DIVERSE RANGE OF TWELVE DEVELOPMENTAL PROGRAMS, STREAMS ASPIRES TO BECOME THE HUB OF A HEALTHY NEIGHBORHOOD. EACH MONTH, STREAMS OFFERS ESSENTIAL SUPPLEMENTARY GROCERIES THROUGH OUR FOOD CENTER, AND FREE EDUCATIONAL SUPPORT FOR STUDENTS OF ALL AGES. THIS SUPPORT INCLUDES TUTORING FOR CHILDREN IN GRADES K-5, HOMEWORK HELP FOR MIDDLE AND HIGH SCHOOL STUDENTS, AND A FREE GED/HIGH SCHOOL DIPLOMA PROGRAM FOR ADULTS. STREAMS ALSO PROVIDES INVALUABLE FINANCIAL STRATEGY AND WORKFORCE DEVELOPMENT PROGRAMS, WHICH EMPOWER LOCAL FAMILIES TO TRANSITION FROM POVERTY TO BUILDING A LASTING LEGACY OF WEALTH.SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurtis Kaechele Executive Director | Officer | 40 | $95,540 |
Allie Corfixsen Director | Trustee | 1 | $0 |
Leatha Roberts Director | Trustee | 1 | $0 |
Ken Visser Director | Trustee | 1 | $0 |
Steve Smith Director | Trustee | 1 | $0 |
Lynn Rhein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,674,710 |
| Noncash contributions included in lines 1a–1f | $871,093 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,674,710 |
| Total Program Service Revenue | $0 |
| Investment income | $535 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,406 |
| Net Gain/Loss on Asset Sales | $11,527 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,718,178 |
| 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. | $95,890 |
| Compensation of current officers, directors, key employees. | $47,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $204,515 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,482 |
| Fees for services: Accounting | $23,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,339 |
| Advertising and promotion | $69,474 |
| Office expenses | $17,718 |
| Information technology | $40,193 |
| Royalties | $0 |
| Occupancy | $55,185 |
| Travel | $11,319 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,930 |
| Insurance | $15,190 |
| All other expenses | $866,025 |
| Total functional expenses | $1,547,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,405 |
| Savings and temporary cash investments | $75,298 |
| Pledges and grants receivable | $189,762 |
| 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 | $2,952,069 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,334,534 |
| Accounts payable and accrued expenses | $70,262 |
| Grants payable | $0 |
| Deferred revenue | $421,957 |
| 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 | $382,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $874,219 |
| Net assets without donor restrictions | $2,386,815 |
| Net assets with donor restrictions | $73,500 |
| 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 | $3,334,534 |