Seeds Of Hope Charitable Trust is located in Denver, CO. The organization was established in 1946. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Seeds Of Hope Charitable Trust 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, Seeds Of Hope Charitable Trust generated $490.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Seeds Of Hope Charitable Trust has awarded 37 individual grants totaling $1,282,336. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER ASSETS, IN TRUST, TO BE USED FOR THE FURTHERANCE OF CATHOLIC EDUCATION PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEEDS OF HOPE (SOH) PROVIDES "HOPE SCHOLARSHIPS" TO LOW-INCOME FAMILIES AND THEIR STUDENTS TO ATTEND A CATHOLIC K-8 SCHOOL WITHIN THE ARCHDIOCESE OF DENVER (AOD). THESE SCHOLARSHIPS ADDRESS THE OPPORTUNITY GAP FOR LOW-INCOME FAMILIES TRYING TO BREAK A CYCLE OF POVERTY BY CHOOSING TO ATTEND A QUALITY SCHOOL. BY PROVIDING SCHOLARSHIPS AND TUITION ASSISTANCE, SOH GIVES FAMILIES THE CHOICE TO SEND THEIR CHILDREN TO A CATHOLIC SCHOOL WHERE SPIRITUAL, MENTAL, ACADEMIC, AND PHYSICAL FORMATION IS PROVIDED. SOH'S MISSION IS TO "CULTIVATE MINDS AND HEARTS FOR CHRIST BY STRIVING TO MAKE A TRANSFORMATIVE CATHOLIC EDUCATION FINANCIALLY ACCESSIBLE TO ANY FAMILY WHO SEEKS IT". IT IS OUR BELIEF THAT STUDENTS WHO DESIRE THE BENEFITS OF CATHOLIC EDUCATION SHOULD NOT BE TURNED AWAY BECAUSE OF FINANCIAL LIMITATIONS. STUDIES SHOW THAT STUDENTS IN IMPOVERISHED, HIGH-MINORITY AREAS PERFORM BETTER AND HAVE MORE OPPORTUNITIES FOR LONG-TERM SUCCESS IF THEY CAN CHOOSE A QUALITY EDUCATION ENVIRONMENT. THE CATHOLIC SCHOOLS SERVED THIS YEAR BY SOH OFFER EXACTLY THAT - A QUALITY ALTERNATIVE TO PUBLIC SCHOOLS AND PROVIDE: A FAITH-BASED SETTING, A SAFE LEARNING ENVIRONMENT, A NURTURING COMMUNITY THAT REINFORCES FAMILY, HIGHER LEVELS OF PARENTAL ENGAGEMENT, AND A RIGOROUS ACADEMIC CURRICULUM. OUR SCHOOLS AND CLASSROOMS FORM THE WHOLE CHILD, FULLY COMMITTED TO EDUCATING AND FORMING WITNESSES WHO WILL TRANSFORM THE WORLD, YOUNG MEN AND WOMEN WHO ARE PREPARED TO BE SAINTS AND LEADERS IN OUR COMMUNITIES. WITH THAT IN MIND, IN FISCAL YEAR 2022, SOH OFFERED "HOPE SCHOLARSHIPS" RANGING FROM $500 TO $3,000 PER STUDENT, DEPENDING ON NEED. APPLICATIONS FOR ASSISTANCE ARE REVIEWED TO DETERMINE WHETHER STUDENTS AND THEIR FAMILIES MEET THE SOH HOUSEHOLD INCOME-ELIGIBILITY GUIDELINES, BASED ON THE U.S. FEDERAL POVERTY GUIDELINES (FPG). ALTHOUGH FAMILIES MAY RECEIVE ASSISTANCE FROM SOURCES IN ADDITION TO SOH, FAMILIES ARE ALL REQUIRED TO CONTRIBUTE FINANCIALLY TO THEIR CHILDREN'S TUITION. PARENTS MAKE SIGNIFICANT SACRIFICES TO CONTRIBUTE TO THE COST OF TUITION TO ENSURE THEIR CHILDREN RECEIVE A CATHOLIC EDUCATION. THIS CONTRIBUTION FROM THE FAMILY CREATES A SENSE OF PRIDE AND ACCOUNTABILITY BECAUSE THE FAMILY IS DOING SOMETHING VALUABLE FOR THEIR CHILDREN. SOH (INC. AND TRUST) CONTINUES TO EXPAND ITS MISSION TO SERVE LOW-INCOME, HIGH MINORITY POPULATIONS BY OFFERING HOPE SCHOLARSHIPS TO ANY INCOME-ELIGIBLE STUDENT/FAMILY ATTENDING ANY OF THE 33 AOD CATHOLIC K-8 SCHOOLS. QUALIFYING STUDENTS AND THEIR FAMILIES AT ANY AOD CATHOLIC K-8 SCHOOL ARE ELIGIBLE TO APPLY FOR A HOPE SCHOLARSHIP. DURING THE YEAR ENDED JUNE 30, 2022, CONSOLIDATED AND COMBINED SOH (INC. AND TRUST) PROGRAMS PROVIDED TUITION ASSISTANCE AND GRANTS TO SCHOOLS TOTALING APPROXIMATELY $2,600,000 TO APPROXIMATELY 1,050 STUDENTS. AS A CONTINUED SERVICE FOR THE OFFICE OF CATHOLIC SCHOOLS, SOH CONTINUES TO MAINTAIN AND DEVELOP THE ONLINE VARIABLE TUITION PROGRAM (VTP), WHICH GATHERS IMPORTANT DATA AND INFORMATION FROM FAMILIES AND STUDENTS TO HELP SCHOOLS CALCULATE AFFORDABLE TUITION. DURING FISCAL YEAR 2022, THE VTP WAS OPENED UP TO 24 AOD CATHOLIC K-8 SCHOOLS. ALSO IN FISCAL YEAR 2021-2022, SOH INSTITUTED A BOARD-APPROVED PILOT PROGRAM TO PROVIDE ONE-TIME BLOCK GRANTS TO SCHOOLS TO IMPACT CLASSROOMS, SUPPORT TEACHERS AND HELP SCHOOLS DEMONSTRATING CATHOLIC EDUCATION MISSION RENEWAL THROUGH A PROGRAM CALLED "MISSION RENEWAL/CLASSROOM IMPACT GRANTS PROGRAM". SCHOOL PRINCIPALS COMPLETED AN APPLICATION TO MAKE A REQUEST FOR THIS GRANT. A TOTAL OF $439,275 WAS GRANTED TO AOD CATHOLIC K-12 SCHOOLS FOR THIS SUCCESSFUL AND IMPACTFUL PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jay Clark Executive Director Thru 10/8/21 | Officer | 3 | $6,380 |
Patricia Sullivan Executive Director From 1/10/22 | Officer | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $312,691 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $312,691 |
Total Program Service Revenue | $0 |
Investment income | $102,436 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $75,167 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $490,294 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $128,000 |
Grants and other assistance to domestic individuals. | $724,979 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $8,413 |
Compensation of current officers, directors, key employees. | $308 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $32,571 |
Pension plan accruals and contributions | $683 |
Other employee benefits | $2,163 |
Payroll taxes | $3,235 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,420 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $12,380 |
Fees for services: Investment Management | $72,273 |
Fees for services: Other | $5,620 |
Advertising and promotion | $0 |
Office expenses | $84 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,120 |
Travel | $0 |
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 | $0 |
Insurance | $547 |
All other expenses | $0 |
Total functional expenses | $1,003,488 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $200 |
Savings and temporary cash investments | $1,119,952 |
Pledges and grants receivable | $0 |
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 | $0 |
Investments—publicly traded securities | $8,266,908 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $9,387,060 |
Accounts payable and accrued expenses | $4,568 |
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 | $4,568 |
Net assets without donor restrictions | $1,315,519 |
Net assets with donor restrictions | $8,066,973 |
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 | $9,387,060 |
Over the last fiscal year, Seeds Of Hope Charitable Trust has awarded $128,000 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
Denver, CO PURPOSE: Support for operations | $48,000 |
Aurora, CO PURPOSE: Support for operations | $29,000 |
Denver, CO PURPOSE: Support for operations | $26,000 |
Denver, CO PURPOSE: Support for operations | $25,000 |
Over the last fiscal year, we have identified 9 grants that Seeds Of Hope Charitable Trust has recieved totaling $544,644.
Awarding Organization | Amount |
---|---|
Catholic Foundation For The Roman Catholic Church In Northern Co Greenwood Village, CO PURPOSE: Teaching Our | $260,500 |
Donahue Foundation Centennial, CO PURPOSE: EDUCATIONAL | $173,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $60,000 |
Heider Family Foundation Evergreen, CO PURPOSE: TUITION ASSISTANCE | $24,000 |
Hawk Family Foundation Denver, CO PURPOSE: GENERAL | $20,000 |
Charles And Mary Heider Family Foundation Omaha, NE PURPOSE: CHARITABLE | $5,000 |
Beg. Balance | $9,451,102 |
Earnings | -$1,075,845 |
Grants | -$344,571 |
Ending Balance | $8,030,686 |
Organization Name | Assets | Revenue |
---|---|---|
Leta Mcfarlin Chapman Memorial Tr Tulsa, OK | $288,782,253 | $9,376,594 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $125,788,673 | $4,652,723 |
Georgia A Lynch Trust Phoenix, AZ | $748,550 | $1,825,283 |
Steel & Pipe Supply Company Inc Voluntary Employees Beneficiary Tr Manhattan, KS | $1,575,827 | $5,668,085 |
William H And Carrie Gottsche Foundation Thermopolis, WY | $15,267,869 | $5,413,273 |
Pauline Mcfarlin Walter Memorial Trust 10910 Tulsa, OK | $77,675,534 | $8,407,780 |
Emerald Gate Charitable Trust Jackson, WY | $143,120,759 | $36,236,406 |
James A & Leta M Chapman Testamentary Charitable Tr Tulsa, OK | $63,271,395 | $1,980,658 |
Marvin S Robinson Charitable Tr Manhattan, KS | $11,920,559 | $11,406,956 |
San Antonio Electrical Vacation & Holiday Trust Agreement Albuquerque, NM | $996,599 | $3,364,803 |
Pete & Arline Harman Trust Fund Salt Lake City, UT | $59,077,970 | $2,949,653 |
Newton Foundation Jackson, WY | $19,007,412 | $862,510 |