Building Hope Summit County
- Assets
- $652.9k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Frisco, CO
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-1871119
Organization Overview
Building Hope Summit County is located in Frisco, CO. The organization was established in 2019. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Building Hope Summit County employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Hope Summit County 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, Building Hope Summit County generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 21.4% per year over the past 4 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
BUILDING HOPE SUMMIT COUNTY IS A COMMUNITY-WIDE INITIATIVE DESIGNED TO CREATE A MORE COORDINATE, EFFECTIVE AND RESPONSIVE MENTAL HEALTH SYSTEM THAT PROMOTES EMOTIONAL HEALTH, REDUCES STIGMA AND IMPROVES ACCESS TO CARE AND SUPPORT FOR EVERYONE IN SUMMIT COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING HOPE WAS FOUNDED TO CREATE A MORE COORDINATED, EFFECTIVE & RESPONSIVE MENTAL HEALTH SYSTEM THAT PROMOTES EMOTIONAL HEALTH, REDUCES STIGMA, & IMPROVES ACCESS TO CARE & SUPPORT FOR EVERYONE IN SUMMIT COUNTY. SINCE INCEPTION: 1,500 THERAPY SCHOLARHIPS AWARDED, 40 THERAPISTS CREDENTIALED TO ACCEPT INSURANCE, AND 8,500 1-HOUR THERAPY SESSIONS FUNDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Mcatamney Executive Di | Officer | 40 | $107,603 |
Tim Casey Board Chair | OfficerTrustee | 2 | $0 |
John Warner Board Vice C | OfficerTrustee | 2 | $0 |
Shannon Hayes Board Treasu | OfficerTrustee | 2 | $0 |
Virginia Bradley Board Secret | OfficerTrustee | 2 | $0 |
Jaime Fitzsimons Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $669,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $568,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,237,798 |
| Total Program Service Revenue | $526,218 |
| Investment income | $214 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,882 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,776,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,050 |
| Grants and other assistance to domestic individuals. | $92,530 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,603 |
| Compensation of current officers, directors, key employees. | $48,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,869 |
| Pension plan accruals and contributions | $10,537 |
| Other employee benefits | $22,543 |
| Payroll taxes | $34,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $786,868 |
| Advertising and promotion | $47,989 |
| Office expenses | $17,401 |
| Information technology | $26,014 |
| Royalties | $0 |
| Occupancy | $24,910 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54 |
| Insurance | $1,910 |
| All other expenses | $5,575 |
| Total functional expenses | $1,657,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $441,420 |
| Pledges and grants receivable | $172,121 |
| 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 | $3,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,207 |
| Total assets | $652,931 |
| Accounts payable and accrued expenses | $92,123 |
| Grants payable | $0 |
| Deferred revenue | $137,000 |
| 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 | $48,925 |
| Total liabilities | $278,048 |
| Net assets without donor restrictions | $257,860 |
| Net assets with donor restrictions | $117,023 |
| 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 | $652,931 |
Grants Awarded
Over the last fiscal year, Building Hope Summit County has awarded $33,050 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSFIT LOW OXYGEN PURPOSE: CLASS-SUBSTANCE ABUS | $12,500 |
SUMMIT COMMUNITY CARE CLINIC PURPOSE: PSYCHIATRIC NURSE PR | $5,825 |
WILD NATURE WELLNESS PURPOSE: WILD YOUTH PASSAGES | $14,725 |