The Reel Hope Project
- Assets
- $779.8k
- Revenue
- $739.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Minneapolis, MN
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-4909376
Organization Overview
The Reel Hope Project is located in Minneapolis, MN. The organization was established in 2017. According to its NTEE Classification (O01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Youth Development and related organizations. As of 12/2023, Reel Hope Project employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reel Hope Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A FOREVER FAMILY FOR EVERY CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CREATES ADOPTION RECRUITMENT PROFILE VIDEOS THAT HIGHLIGHT A CHILD'S STORY AND HELP TO SOLIDIFY THE REALITY THAT FOSTER YOUTH ENTER THE CHILD WELFARE SYSTEM THROUGH NO FAULT OF THEIR OWN. THE ORGANIZATION WORKS WITH THE MINNESOTA STATE DEPARTMENT OF HUMAN SERVICES, THE MINNESOTA STATE ADOPTION EXCHANGE, COUNTIES, AND PRIVATE ADOPTION AGENCIES TO FIND FOREVER FAMILIES FOR CHILDREN WAITING IN FOSTER CARE AND WHO WOULD BENEFIT FROM A RECRUITMENT VIDEO. THE ORGANIZATION FILMED 83 KID REELS/VIDEOS DURING 2023. THE ORGANIZATION RECEIVED 293 FAMILY INQUIRES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Walt Board Chair | OfficerTrustee | 1 | $0 |
John Lundberg Vice Chair | OfficerTrustee | 1 | $0 |
Amanda Salmon Secretary | OfficerTrustee | 1 | $0 |
Michael Crotteau Treasurer | OfficerTrustee | 1 | $0 |
Mikki Cookle Board Member | Trustee | 1 | $0 |
Tim Holmberg Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $254,843 |
| Related organizations | $0 |
| Government grants | $19,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $467,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $741,563 |
| Total Program Service Revenue | $0 |
| Investment income | $19,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,260 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $739,587 |
| 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. | $98,788 |
| Compensation of current officers, directors, key employees. | $49,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,563 |
| Pension plan accruals and contributions | $10,571 |
| Other employee benefits | $25,759 |
| Payroll taxes | $36,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,117 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,211 |
| Advertising and promotion | $3,659 |
| Office expenses | $19,012 |
| Information technology | $14,390 |
| Royalties | $0 |
| Occupancy | $29,635 |
| Travel | $43,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,919 |
| Insurance | $5,917 |
| All other expenses | $0 |
| Total functional expenses | $728,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $718,030 |
| Pledges and grants receivable | $23,423 |
| 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 | $8,653 |
| Net Land, buildings, and equipment | $29,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $779,800 |
| Accounts payable and accrued expenses | $42,519 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,519 |
| Net assets without donor restrictions | $737,281 |
| 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 | $779,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Reel Hope Project Minneapolis, MN | $779,800 | $739,587 |
The Glo House Inc Trevor, WI | $15,133 | $0 |
Foster Hope Nwia Inc Rock Valley, IA | $175,167 | $126,338 |
Native Youth Leadership Alliance Pine Ridge, SD | $258,620 | $133,545 |
Robbinsdale Cooper High School Football Booster Association Minneapolis, MN | $22,834 | $0 |
Jumpstart Coalition For Personal Financial Literacy Des Moines, IA | $27,161 | $0 |