Hope Farm School
- Assets
- $3.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 13
- Location
- Minneapolis, MN
- Founding
- 09/2016
- Data as of
- 08/2021
- EIN
- 47-3425146
Organization Overview
Hope Farm School is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 08/2021, Hope Farm School employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Farm School 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 08/2021, Hope Farm School generated $2.0m in total revenue. All expenses for the organization totaled $613.6k during the year ending 08/2021. While expenses have increased by 333.9% per year over the past 6 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
TRAIN YOUNG MEN TO BE DISCIPLINED AND DEVOTED FOLLOWERS OF JESUS CHRIST THROUGH THEIR WORKING, LEARNING AND PLAYING IN A YEAR ROUND RESIDENTIAL FARM SETTING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIN YOUNG MEN TO BE DISCIPLINED AND DEVOTED FOLLOWERS OF JESUS CHRIST THROUGH THEIR WORKING, LEARNING AND PLAYING IN A YEAR ROUND RESIDENTIAL FARM SETTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Senger Secratary | Officer | 1 | $0 |
Jeffery Bird President | Officer | 10 | $0 |
Russ Gregg Vice Preside | Officer | 1 | $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 | $2,037,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,037,527 |
| 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 | -$4,823 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,032,704 |
| 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 | $152,413 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,915 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,090 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,812 |
| Insurance | $32,122 |
| All other expenses | $9,779 |
| Total functional expenses | $613,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,366 |
| Savings and temporary cash investments | $225,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,964 |
| 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 | $3,256,626 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,722,158 |
| Accounts payable and accrued expenses | $92,895 |
| 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 | $92,895 |
| Net assets without donor restrictions | $3,629,263 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,722,158 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope Farm School has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Catherine Marie Schmoker Family Foundation Edina, MN PURPOSE: EDUCATIONAL | $10,000 |
Lisa Stuart Schmoker Family Foundation Edina, MN PURPOSE: EDUCATIONAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dunwoody College Of Technology Minneapolis, MN | $75,471,326 | $53,531,769 |
Milwaukee Area Technical College Foundation Inc Milwaukee, WI | $33,356,211 | $18,292,742 |
Discovery World Ltd Milwaukee, WI | $54,832,813 | $7,226,516 |
Minnesota New Country School Henderson, MN | $1,127,805 | $3,737,016 |
Minneapolis Pipefitters Joint Journeymen And Apprentice Training Brooklyn Park, MN | $15,538,890 | $2,978,967 |
Concerned Inc Harlan, IA | $2,766,277 | $2,998,754 |
Plumbing And Pipefitting Educational Program Appleton, WI | $1,943,738 | $2,838,447 |
Finishing Trades Institute Of The Upper Midwest Trust Fund Little Canada, MN | $3,520,165 | $2,977,173 |
Local Union No 125 Jatc Fund Cedar Rapids, IA | $4,880,798 | $1,959,097 |
Plumbers & Steamfitters Local 434 Training Fund Mosinee, WI | $2,625,989 | $1,896,498 |
Dakotas Area Electrical Apprenticeship & Training Fund Tru Fargo, ND | $2,437,176 | $1,301,898 |
Cedar Rapids Electrical Apprenticeship Training & Educ Tr Cedar Rapids, IA | $2,818,153 | $1,136,825 |