Reasons For Hope
- Assets
- $660.5k
- Revenue
- $971.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Jackson, MN
- Founding
- 12/2011
- Data as of
- 12/2021
- EIN
- 27-4385101
Organization Overview
Reasons For Hope is located in Jackson, MN. The organization was established in 2011. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Reasons For Hope employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reasons For Hope 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 12/2021, Reasons For Hope generated $971.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $888.7k during the year ending 12/2021. While expenses have increased by 15.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REASONS FOR HOPE EXISTS TO DIRECT PEOPLE TO THE BIBLICAL JESUS BY OFFERING HOPE!H: HELPING CHRISTIANS SHARE THE GOSPEL OF JESUS CHRIST.O: OFFSETTING SECULAR THINKING WITH BIBLICAL TRUTH.P: PROVIDING RESOURCES THAT GIVE BIBLICAL ANSWERS TO REAL-WORLD QUESTIONS.E: ENCOURAGING THE CHURCH TO RELY ON GOD'S WORD AS THE FOUNDATION OF THEIR THOUGHTS, THEIR WORDS AND THEIR ACTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE NOW HAVE 4 FULL TIME AND 3 PART TIME SPEAKERS TARVELING AROUND THE WORLD TO SPREAD THE MISSION STATEMENT OF OUR ORGANIZATION. WE SPOKE TO GROUPS, CONFERENCES, CHURCHES, SCHOOLS, AND INDIVIDUALS.
OUR VIDEO DIVISION CREATED CONTENT TO SUPPORT THE SPEAKERS, OUR AWARD-WINNING DEBUNKED SERIES, AND A TV SHOW CALLED "GLAD YOU ASKED" FOR THE ATLANTA, GEORGIA MARKET.
WE STARTED OUR EQUIP RETREATS. THEY ARE 6 DAY/5 NIGHT APOLOGETICS-BASED RETREATS. THE RETREAT IS DESIGNED TO TEACH YOUNG PEOPLE TO OWN, SHARE, AND DEFEND THEIR FAITH IN THE LORD JESUS CHRIST. WHILE THERE WILL BE LOTS OF FUN AND GAMES, THE GOAL OF EQUIP IS TO PLANT SEEDS THAT INSPIRE A GENERATION OF TEENS TO HAVE ETERNAL IMPACT ON THE KINGDOM OF GOD BY EQUIPPING THEM TO BETTER UNDERSTAND, ARTICULATE AND SPREAD THE GOSPEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Wacker CEO | OfficerTrustee | 30 | $43,280 |
Carl Kerby President | OfficerTrustee | 60 | $36,497 |
Paul Gracey Director | OfficerTrustee | 0 | $0 |
Randy Baker Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $913,593 |
| Noncash contributions included in lines 1a–1f | $65,619 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $968,946 |
| 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 | -$3,949 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,873 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $971,870 |
| 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. | $79,777 |
| Compensation of current officers, directors, key employees. | $43,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $154,241 |
| Payroll taxes | $35,028 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,357 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $112,181 |
| Office expenses | $9,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $51,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,979 |
| Insurance | $465 |
| All other expenses | $74,069 |
| Total functional expenses | $888,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,014 |
| 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 | $4,469 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $660,483 |
| Accounts payable and accrued expenses | $20,707 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $520,707 |
| 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 | $139,776 |
| Total liabilities and net assets/fund balances | $660,483 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Reasons For Hope has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $7,000 |
Azb Foundation Inc Appling, GA PURPOSE: DISCRETIONARY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Home And Away Ministries North Branch, MN | $25,723,249 | $42,419,971 |
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Luther Memorial Home Madelia, MN | $3,423,486 | $4,600,698 |
Barnabas International Elkhorn, WI | $2,407,026 | $3,476,922 |