Spreading Hope
- Assets
- $172.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 11/2017
- Data as of
- 08/2023
- EIN
- 81-3933634
Organization Overview
Spreading Hope is located in Minneapolis, MN. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spreading 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 08/2023, Spreading Hope generated $164.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.3%) each year. All expenses for the organization totaled $170.8k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Pieper Board Presid | 0 | $0 | |
Dan Olson Executive Di | 8 | $18,000 | |
Russ Gregg Director | 4 | $15,000 | |
Jeffrey Bird Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,000 |
| Total Program Service Revenue | $17,172 |
| Membership dues | $0 |
| Investment income | $1,190 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $164,491 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $94,929 |
| Professional fees and other payments to independent contractors | $1,900 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $577 |
| Other expenses | $48,399 |
| Total expenses | $170,805 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,466 |
| Other assets | $0 |
| Total assets | $172,466 |
| Total liabilities | $2,412 |
| Net assets or fund balances | $170,054 |