Barbara Olson Center Of Hope

Organization Overview

Barbara Olson Center Of Hope is located in Rockford, IL. The organization was established in 1958. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Barbara Olson Center Of Hope employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barbara Olson Center Of 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 06/2022, Barbara Olson Center Of Hope generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HELP INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES REACH PERSONAL GOALS THROUGH INDIVIDUALIZED SKILL DEVELOPMENT, VOCATIONAL OPPORTUNITIES, AND COMMUNITY SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY DAY SERVICES - SITE BASED: PROVIDE EDUCATION AND TRAINING FOR PARTICIPANTS WITH A CURRICULUM-BASED APPROACH THAT IS TAILORED TO MEET THEIR INDIVIDUAL NEEDS. PARTICIPANTS THAT WANT EMPLOYMENT RECEIVE COMPREHENSIVE TRAINING AND SUPPORT FOR EMPLOYMENT WITH SKILLS CLASSES AND ONSITE TRAINING ACTIVITIES.


COMMUNITY DAY SERVICES - COMMUNITY BASED: PROVIDE FOR ACTIVITIES IN THE COMMUNITY AS WELL AS TRAINING FOR EMPLOYMENT. VOLUNTEERING IN THE COMMUNITY IS AN INTERGRAL PART OF THE PROGRAM FOR PARTICIPANTS.


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Board, Officers & Key Employees

Name (title)Compensation
Pamela Carey
Executive Di
$93,418
Stewart Magnuson
President
$0
Joseph Licari
Vice Preside
$0
Jerry Boxleitner
Treasurer
$0
Lynn Delacey
Secretary
$0
Dr Kendall Boone
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$2,175
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$493,497
Noncash contributions included in lines 1a–1f $700
Total Revenue from Contributions, Gifts, Grants & Similar$495,672
Total Program Service Revenue$1,638,859
Investment income $218,488
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $28,440
Net Income from Fundraising Events $18,466
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,401,855

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Barbara Olson Center Of Hope has recieved totaling $161,019.

Awarding OrganizationAmount
Coleman Foundation Inc

Chicago, IL

PURPOSE: INTELLECTUAL & DEVELOPMENTAL DISABILITIES - GENERAL OPERATING SUPPORT

$57,500
Blazer Foundation

Rockford, IL

PURPOSE: CHARITABLE

$31,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$20,600
Miner Family Charitable Trust

Rockford, IL

PURPOSE: GENERAL FUNDING

$15,672
Helen Brach Foundation

Chicago, IL

PURPOSE: FOR TWO INTERACTIVE MOBILE DISPLAYS USED FOR TRAINING AND DIRECT SUPPORT FOR PARTICIPANTS HAVING PHYSICAL AND DEVELOPMENTAL DISABILITIES

$10,000
William S Howard Charitable Trust

Rockford, IL

PURPOSE: TO CONTINUE FUNDING THE HELP PROGRAM FOR TEENAGERS.

$9,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,586,543
Earnings-$613,017
Admin Expense$31,501
Ending Balance$4,942,025

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