Hopeworks Social Enterprises
- Assets
- $19.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Everett, WA
- Founding
- 03/2012
- Data as of
- 06/2021
- EIN
- 80-0684608
Organization Overview
Hopeworks Social Enterprises is located in Everett, WA. The organization was established in 2012. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeworks Social Enterprises 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 06/2021, Hopeworks Social Enterprises generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (32.4%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. 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
WE CREATE PATHWAYS TO SELF -SUFFICIENCY THROUGH SOCIAL ENTERPRISES THAT PROVIDE HOPE, EMPOWERMENT, EDUCATION AND JOB TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE AN EARNED INCOME MODEL IN SNOHOMISH COUNTY TO ASSIST HOMELESS AND LOW-INCOME FAMILIES TO EQUIP THEMSELVES FOR CAREERS WITH PROGRESSIVE WAGE OPPORTUNITIES THAT WILL ULTIMATELY LEAD TO SELF-SUFFICENCY.
CREATE AND OPERATE GROUNDWORKS, A SOCIAL ENTERPRISE IN SNOHOMISH COUNTY TO ASSIST HOMELESS AND LOW INCOME FAMILIES TO EQUIP THEMSELVES FOR CAREERS IN LANDSCAPING WITH PROGRESSIVE WAGE OPPORTUNITIES THAT WILL ULTIMATELY LEAD TO SELF-SUFFICENCY.
CREATED AND OPERATE RENEW HOME AND DECOR, A SOCIAL ENTERPRISE IN SNOHOMISH COUNTY TO EQUIP THEMSELVES FOR CAREERS IN RETAIL SALES WITH PROGRESSIVE WAGE OPPORTUNITIES THAT WILL ULTIMATELY LEAD TO SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Brent President | OfficerTrustee | 1 | $0 |
Paul Vexler Secretary | Trustee | 1 | $0 |
John Chambers Vp/treasurer | OfficerTrustee | 1 | $0 |
Mark Henning Board Member | Trustee | 1 | $0 |
Kerrie Lonergan-Dreke Board Member | Trustee | 1 | $0 |
Glen Bachman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $951,045 |
| Investment income | $1,474,243 |
| 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 | $3,691,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $51,648 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $411 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,249 |
| Office expenses | $69,789 |
| Information technology | $18,686 |
| Royalties | $0 |
| Occupancy | $640,805 |
| Travel | $1,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,782 |
| Interest | $217,386 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,548 |
| Insurance | $6,648 |
| All other expenses | $0 |
| Total functional expenses | $3,333,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $126,000 |
| Accounts receivable, net | $127,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,876,657 |
| Inventories for sale or use | $58,888 |
| Prepaid expenses and deferred charges | $12,585 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,182,334 |
| Total assets | $19,135,255 |
| Accounts payable and accrued expenses | $124,019 |
| Grants payable | $0 |
| Deferred revenue | $874,737 |
| 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 | $3,287,947 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,556 |
| Total liabilities | $4,351,259 |
| 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 |
| Total liabilities and net assets/fund balances | $14,783,996 |