Hope Floats For Veterans
- Assets
- $764.8k
- Revenue
- $108.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Clio, MI
- Founding
- Data as of
- 12/2022
- EIN
- 86-1713184
Organization Overview
Hope Floats For Veterans is located in Clio, MI. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Floats For Veterans 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 Floats For Veterans generated $108.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $138.0k 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
PUT VETERANS TO WORK IN A WOODSHOP FACTORY AND HELP FIND HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLANTED FLOWER GARDENS AND FRONT GATES PLANTED 100 WHITE SPRUCE TREES CUT 2X4X10 OAK, SIDING FOR SAWMILL CUT SLABS AND BUILT HIGH END TABLES BUILT WALLS FOR BUILDING D AND L TIMBERLINE SAWMILL BUILT DIY KILN INSTALLED DONATED EQUIPMENT FINISHED INSTALLATION OF SEPTIC SYSTEM MADE VALUE ADDED PRODUCTS FOR FUNDRAISERS COFFEE TABLES AND HIGH TOPS PLANTED ASPARAGAS RHUBARB RED RASPERRIES AND BLACK BERRIES DONATIONS BY BILL GRAMER DONATIONS BY CHERYL KAUFMAN HARVESTED CHERRY LOGS FROM NEIGHBOR UPGRADED WEB PAGE WITH FLIPCAUSE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon R Huffman Chair Of Board And Secretary | Officer | 60 | $0 |
Anna M Caleca Board Member And Treasurer | Officer | 10 | $0 |
William H Kean Board Member And President | Officer | 40 | $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 | $84,710 |
| Noncash contributions included in lines 1a–1f | $82,855 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,710 |
| Total Program Service Revenue | $0 |
| 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 | $108,710 |
| 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 | $5,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,260 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,891 |
| Advertising and promotion | $450 |
| Office expenses | $0 |
| Information technology | $3,212 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $84,698 |
| Insurance | $6,000 |
| All other expenses | $0 |
| Total functional expenses | $137,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587 |
| Savings and temporary cash investments | $0 |
| 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 | $764,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $764,806 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $764,806 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $764,806 |