Hope Fieldhouse
- Assets
- $4.9m
- Revenue
- $865.1k
- Investments
- $0.0
- Employees
- 48
- Location
- Rosemount, MN
- Founding
- 03/2018
- Data as of
- 12/2022
- EIN
- 82-2221390
Organization Overview
Hope Fieldhouse is located in Rosemount, MN. The organization was established in 2018. As of 12/2022, Hope Fieldhouse employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Fieldhouse 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, Hope Fieldhouse generated $865.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
THE HOPE FIELDHOUSE MISSION IS TO ENHANCE AND ENRICH THE LIVES OF CHILDREN AND THEIR FAMILIES WITHIN OUR COMMUNITY BY PROVIDING A QUALITY ATHLETIC FACILITY THAT IS PURPOSEFUL, SAFE AND FUN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE FIELDHOUSE WAS ABLE TO SUCCESSFULLY FINISH ITS BUILD AND LAUNCH AS AN OPERATING FACILITY LIVING OUT ITS MISSION TO ENHANCE AND ENRICH THE LIVES OF CHILDREN AND THEIR FAMILIES BY PROVIDING ANATHLETIC FACILITY THAT IS PURPOSEFUL, SAFE, AND FUN. HOPE FIELDHOUSE HAS GROWN FROM A FEW MEMBERS TO OVER 3,000 MEMBERS WHO ENJOY ACCESS TO PICKLEBALL, BASKETBALL AND VOLLEYBALL, THE WALKING TRACK AND GROUP CLASSES.HOPE FIELDHOUSE HAS THE VISION TO EXPAND ITS REACH AND HOPES TO BUILD A NEW FACILITY IN THE TWIN CITIES METRO AREA SOON TO HELP BENEFIT KIDS AND FAMILIES BY GIVING THE COMMUNITY A PLACE TO COMPETE, GET FIT AND GIVE BACK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Schoaf Board Member | Trustee | 5 | $0 |
Jay Goldberger Board Member | Trustee | 5 | $0 |
Daniel Corley Board Member | Trustee | 5 | $0 |
Jason Hackenmueller Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $81,647 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,647 |
| Total Program Service Revenue | $749,062 |
| Investment income | $11 |
| 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 | $34,399 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $865,119 |
| 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 | $225,866 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,097 |
| Fees for services: Management | $12,294 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,751 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,237 |
| Office expenses | $70,235 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,299 |
| Travel | $728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $286,290 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,147 |
| Insurance | $21,682 |
| All other expenses | $0 |
| Total functional expenses | $1,040,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,126 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $38,000 |
| 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 | $54,019 |
| Net Land, buildings, and equipment | $4,831,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,935,241 |
| Accounts payable and accrued expenses | $108,795 |
| Grants payable | $0 |
| Deferred revenue | $56,360 |
| 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 | $4,392,686 |
| Unsecured mortgages and notes payable | $411,989 |
| Other liabilities | $0 |
| Total liabilities | $4,969,830 |
| 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 | -$34,589 |
| Total liabilities and net assets/fund balances | $4,935,241 |