Hornets Hive
- Assets
- $497.0k
- Revenue
- $202.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Frazee, MN
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 83-1631473
Organization Overview
Hornets Hive is located in Frazee, MN. The organization was established in 2019. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hornets Hive 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, Hornets Hive generated $202.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $41.3k during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 2 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
PARTNERING TO DEVELOP A HEALTHIER COMMUNITY BY ENGAGING THROUGH FOOD, ARTS, CULTURE, AND SKILL BUILDING IN A SAFE AND CARING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATING AN ENVIRONMENT FOR A YOUTH EVENT CENTER THAT WILL TEACH YOUTH REAL-WORK SKILLS, INCLUDING FOOD, ARTS AND CULTURE. MANY YOUTH AND COMMUNITY MEMBERS HAVE ASSISTED WITH DEMOLITION AND REMODEL OF A CHURCH DONATED TO THE ORGANIZATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Helton Secretary | Trustee | 1 | $0 |
Ta Fett Director | Trustee | 1 | $0 |
Ken Miosek Director | Trustee | 1 | $0 |
Heather Ware Nelson Director | Trustee | 1 | $0 |
Karen Pifher President | Officer | 3 | $0 |
Ryan Stockstrom Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,141 |
| Noncash contributions included in lines 1a–1f | $13,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,141 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| 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 | $202,149 |
| 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 | $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 | $395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $817 |
| Office expenses | $910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,038 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,638 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,784 |
| All other expenses | $271 |
| Total functional expenses | $41,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,857 |
| 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 | $178,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,980 |
| Total assets | $497,037 |
| 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 | $0 |
| Secured mortgages and notes payable | $149,468 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $149,468 |
| Net assets without donor restrictions | $347,569 |
| 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 | $497,037 |