Barbara Olson Center Of Hope
- Assets
- $6.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 77
- Location
- Rockford, IL
- Founding
- 06/1958
- Data as of
- 06/2022
- EIN
- 36-2212474
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Carey Executive Di | Officer | 40 | $93,418 |
Joseph Licari Vice Preside | OfficerTrustee | 2 | $0 |
Stewart Magnuson President | OfficerTrustee | 2 | $0 |
Jerry Boxleitner Treasurer | OfficerTrustee | 2 | $0 |
Lynn Delacey Secretary | OfficerTrustee | 2 | $0 |
Dr Kendall Boone Board Member | Trustee | 2 | $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 |
| 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. | $99,885 |
| Compensation of current officers, directors, key employees. | $99,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,220,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157,846 |
| Payroll taxes | $116,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,386 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,369 |
| Advertising and promotion | $0 |
| Office expenses | $16,313 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $94,011 |
| Travel | $120,304 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $467 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,371 |
| Insurance | $56,611 |
| All other expenses | $0 |
| Total functional expenses | $2,102,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,989 |
| Savings and temporary cash investments | $2,687 |
| Pledges and grants receivable | $225,000 |
| Accounts receivable, net | $142,822 |
| 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 | $5,799 |
| Net Land, buildings, and equipment | $884,066 |
| Investments—publicly traded securities | $4,942,025 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,305,388 |
| Accounts payable and accrued expenses | $129,632 |
| Grants payable | $0 |
| Deferred revenue | $22,500 |
| 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 | $152,132 |
| Net assets without donor restrictions | $6,051,442 |
| Net assets with donor restrictions | $101,814 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,305,388 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Barbara Olson Center Of Hope has recieved totaling $161,019.
| Awarding Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $5,586,543 |
| Earnings | -$613,017 |
| Admin Expense | $31,501 |
| Ending Balance | $4,942,025 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Apostolic Christian Lifepoints Inc Morton, IL | $42,471,151 | $22,063,470 |
Knox County Association For Remarkable Citizens Inc Vincennes, IN | $24,536,291 | $19,956,533 |
New Hope Village Carroll, IA | $16,084,175 | $19,892,744 |
St Colettas Of Illinois Tinley Park, IL | $3,321,726 | $15,993,167 |
Helping Hand Center Countryside, IL | $22,525,393 | $16,246,364 |
Paladin Inc Michigan City, IN | $9,460,565 | $15,902,073 |
Aspire Of Illinois Hillside, IL | $18,983,817 | $18,724,686 |
Hillcroft Services Inc Muncie, IN | $16,936,926 | $14,933,830 |
Link Associates West Des Moines, IA | $2,870,425 | $15,095,571 |
Bona Vista Programs Inc Kokomo, IN | $19,070,860 | $15,130,764 |
The Arc Of The Quad Cities Area Rock Island, IL | $28,274,211 | $14,437,427 |
Hope Haven Area Development Center Corporation Burlington, IA | $12,948,904 | $15,411,343 |