Shannons Hope
- Assets
- $390.1k
- Revenue
- $93.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Wheat Ridge, CO
- Founding
- 05/1985
- Data as of
- 06/2022
- EIN
- 74-2350273
Organization Overview
Shannons Hope is located in Wheat Ridge, CO. The organization was established in 1985. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shannons 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 06/2022, Shannons Hope generated $93.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $67.3k during the year ending 06/2022. 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
TO PROVIDE SHELTER AND CARE FOR UNWED MOTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING COSTS, UTILITIES, REPAIRS ATTRIBUTED TO OPERATING A SHELTER HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lunnon Vice Chairman | OfficerTrustee | 1 | $0 |
Leslie Pottebaum Executive Director | OfficerTrustee | 40 | $0 |
Doug Howell Chairman | OfficerTrustee | 10 | $0 |
Lois Philman Secretarynewsletter | OfficerTrustee | 10 | $0 |
Heather Smith Director | Trustee | 1 | $0 |
Scott Piper 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 | $63,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,449 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,550 |
| 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 | $92,999 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,723 |
| Insurance | $10,545 |
| All other expenses | $311 |
| Total functional expenses | $67,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $348,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $390,065 |
| Accounts payable and accrued expenses | $0 |
| 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 | $298,264 |
| Secured mortgages and notes payable | $35,599 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $333,863 |
| Net assets without donor restrictions | $0 |
| 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 | $56,202 |
| Total liabilities and net assets/fund balances | $390,065 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Shannons Hope has recieved totaling $16,814.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $11,799 |
Markham Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wichita Childrens Home Wichita, KS | $21,789,498 | $10,282,941 |
Omaha Home For Boys Omaha, NE | $92,620,011 | $10,830,640 |
Oakwood Retirement Village Inc Enid, OK | $6,058,575 | $10,557,285 |
Cottonwood Community Alternatives Inc Englewood, CO | $8,130,489 | $11,889,736 |
Cathedral Home For Children Laramie, WY | $17,476,007 | $9,309,377 |
Colorado Bluesky Enterprises Inc Pueblo, CO | $9,369,140 | $8,896,578 |
Fort Defiance Housing Corporation Albuquerque, NM | $27,181,769 | $7,777,591 |
Childrens Respite Care Center Inc Omaha, NE | $12,346,830 | $6,845,584 |
Horizons Specialized Services Inc Steamboat Springs, CO | $6,149,828 | $7,186,124 |
J & J Home Care Inc Artesia, NM | $3,574,309 | $5,846,440 |
Roundup Fellowship Inc Denver, CO | $4,742,765 | $6,479,854 |
Sunshine Acres Childrens Home Inc Mesa, AZ | $14,717,713 | $6,150,255 |