Growing Hope Foundation
- Assets
- $877.8k
- Revenue
- $83.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Owatonna, MN
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-0523799
Organization Overview
Growing Hope Foundation is located in Owatonna, MN. The organization was established in 2011. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growing Hope Foundation 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, Growing Hope Foundation generated $83.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $94.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Growing Hope Foundation has awarded 97 individual grants totaling $334,349. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Fiske President/executive Director | 30 | $41,098 | |
Jerry N Epland Vice President | 4 | $0 | |
Lois Epland Secretary | 4 | $0 | |
Christopher Fiske Director | 2 | $800 | |
Tom Thompson Director | 2 | $800 | |
Joe Heinrichs Director | 1 | $200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,100 |
| Interest on Savings | $503 |
| Dividends & Interest | $0 |
| Net Rental Income | $23,201 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $83,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,898 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,274 |
| Depreciation | $0 |
| Occupancy | $4,480 |
| Travel, conferences, and meetings | $4,981 |
| Printing and publications | $667 |
| Other expenses | $8,414 |
| Total operating and administrative expenses | $82,409 |
| Contributions, gifts, grants paid | $11,900 |
| Total expenses and disbursements | $94,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,771 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $840,000 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $877,771 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Growing Hope Foundation has awarded $11,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BETTER FUTURES MINNESOTA PURPOSE: HELP GUIDE MEN TO CHOOSE A NEW PATH - NEW SKILLS | $3,500 |
EXCHANGE CLUB CENTER FOR FAMILY UNITY PURPOSE: TO HELP THEM REMODEL THE BUILDING WHERE FAMILY VISITS ARE HELD. | $5,000 |
PHYLLIS WHEATLEY COMMUNITY CENTER PURPOSE: PROVIDES QUALITY PROGRAMS IN LIFE-LONG LEARNING FOR CHILDREN, YOUTH, ADULTS, AS WELL AS FAMILY SERVICES FOR THE DIVERSE GREATER MINNEAPOLIS COMMUNITY. | $1,400 |
RIVERLAND COMMUNITY COLLEGE PURPOSE: TO OFFER FINANCIAL SUPPORT OF A STUDENT. | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Living Lands Trust Burlington, WI | $20,788,588 | $9,709,308 |
Feed Iowa First Cedar Rapids, IA | $824,036 | $504,265 |
Growing Hope Foundation Owatonna, MN | $877,771 | $83,752 |
Bagg Bonanza Farm Historic Preservation Society Mooreton, ND | $697,303 | $59,395 |
Iowa County Recreation And Prairie Restoration Ltd Mineral Point, WI | $206,104 | $0 |