Hope Redemption Center
- Assets
- $134.6k
- Revenue
- $453.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Sioux City, IA
- Founding
- Data as of
- 12/2023
- EIN
- 84-4110138
Organization Overview
Hope Redemption Center is located in Sioux City, IA. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Hope Redemption Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Redemption Center 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 12/2023, Hope Redemption Center generated $453.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $425.5k during the year ending 12/2023. While expenses have increased by 4.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORKPLACE TRAINING FOR UNEMPLOYED AND UNDEREMPLOYEED INDIVIDUALS AT A CAN REDEMPTION CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAN REDEMPTION CENTER
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Dubois Director, President | OfficerTrustee | 1 | $0 |
Janet Wolfe Director, Vice President | OfficerTrustee | 1 | $0 |
Jean Logan Director, Secretary | OfficerTrustee | 1 | $0 |
Laurie Van Cura Director, Treasurer | OfficerTrustee | 1 | $0 |
Jeff Moes Director | Trustee | 1 | $0 |
Alex Smith Director | Trustee | 1 | $0 |
Financial Statements
| 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 | $30,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,655 |
| Total Program Service Revenue | $422,509 |
| Investment income | $0 |
| 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 | $453,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $65,250 |
| 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 | $83,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,281 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $194 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,570 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,891 |
| 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 | $1,625 |
| Insurance | $7,156 |
| All other expenses | $0 |
| Total functional expenses | $425,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,022 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,596 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $30,580 |
| Other assets | $0 |
| Total assets | $134,559 |
| Accounts payable and accrued expenses | $2,032 |
| 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 | $2,032 |
| 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 | $132,527 |
| Total liabilities and net assets/fund balances | $134,559 |
Grants Awarded
Over the last fiscal year, Hope Redemption Center has awarded $65,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SUNNYBROOK COMMUNITY CHURCH PURPOSE: SUPPORT | $50,250 |
SUNNYBROOK HOPE CENTER PURPOSE: GENERAL SUPPORT | $15,000 |