Hopeful Beginnings
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 87
- Location
- Grand Forks, ND
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 47-4743347
Organization Overview
Hopeful Beginnings is located in Grand Forks, ND. The organization was established in 2017. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 12/2021, Hopeful Beginnings employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeful Beginnings 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, Hopeful Beginnings generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 21.4% 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
TO PROVIDE A DEVELOPMENTALLY APPROPRIATE CHRISTIAN EVIRONMENT WHERE CHILDREN ARE ENCOURAGED TO LET GOD LOVE THEM, LOVE HIM IN RETURN AND LOVE OTHERS IN JESUS' NAME
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING DAYCARE, PRESCHOOL SERVICES AND CHILDCARE SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Schindler Exec Director | OfficerTrustee | 40 | $0 |
Jeff Erickson Treasurer | OfficerTrustee | 1 | $0 |
Tricia Lee President | OfficerTrustee | 1 | $0 |
Jessica Ford Vice President | OfficerTrustee | 1 | $0 |
Nikki Kieffer Secretary | OfficerTrustee | 1 | $0 |
Tiffany Primeau Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $169,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,017 |
| Noncash contributions included in lines 1a–1f | $130,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,983 |
| Total Program Service Revenue | $1,060,728 |
| Investment income | $1,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,362,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,614 |
| 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. | $49,046 |
| Compensation of current officers, directors, key employees. | $29,428 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $751,197 |
| Pension plan accruals and contributions | $2,500 |
| Other employee benefits | $38,116 |
| Payroll taxes | $64,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,536 |
| Office expenses | $10,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,605 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $613 |
| Interest | $6,822 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,080 |
| Insurance | $7,468 |
| All other expenses | $12,031 |
| Total functional expenses | $1,332,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,562 |
| Savings and temporary cash investments | $19,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,598 |
| 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 | $940,375 |
| Net Land, buildings, and equipment | $118,059 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,205,162 |
| Accounts payable and accrued expenses | $164,960 |
| 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 | $350,000 |
| Total liabilities | $1,014,960 |
| Net assets without donor restrictions | $190,202 |
| 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 | $1,205,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hopeful Beginnings has recieved totaling $112.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Care Resource And Referral Inc Rochester, MN | $8,853,289 | $18,520,404 |
Apple Tree Childrens Center Inc Sioux Falls, SD | $1,444,278 | $5,832,493 |
Child Care Resources Inc Missoula, MT | $1,667,296 | $4,585,149 |
Nurturing Center Inc Kalispell, MT | $601,969 | $3,236,096 |
Greater Butte Community Co-Ordinated Child Child Care Serv Butte, MT | $549,187 | $2,561,325 |
Kids Korner Educare Centers Inc Owatonna, MN | $1,912,986 | $2,357,005 |
Seed Daycare Minneapolis, MN | $5,758,708 | $1,975,520 |
Bloom Early Learning Plymouth, MN | $1,049,278 | $2,343,681 |
Babys Space - A Place To Grow Minneapolis, MN | $1,009,308 | $2,534,695 |
Love To Grow On Lino Lakes, MN | $5,214,624 | $1,904,428 |
Apple Lane Community Child Care Center Austin, MN | $343,882 | $1,615,392 |
Agape Child Development Center Minneapolis, MN | $626,929 | $1,698,613 |