Tomorrows Hope Inc
- Assets
- $1.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Meridian, ID
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 82-0367914
Organization Overview
Tomorrows Hope Inc is located in Meridian, ID. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Tomorrows Hope Inc 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, Tomorrows Hope Inc generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COMPANY RECEIVES A MAJORITY OF ITS FUNDING FROM MEDICAID THROUGH THE STATE OF IDAHO. PROGRAM SERVICES CONSIST OF OPERATING SIX INTERMEDIATE CARE FACILITIES FOR THE DEVELOPMENTALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES CONSIST OF OPERATING SIX INTERMEDIATE CARE FACILITIES FOR THE DEVELOPMENTALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Barber Secretary | OfficerTrustee | 30 | $58,906 |
Camille Altringer Treasurer | OfficerTrustee | 35 | $52,447 |
Thair Pond President | OfficerTrustee | 5 | $0 |
Delores Pond Director | Trustee | $0 | |
Catheryn Pond Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,620 |
| Total Program Service Revenue | $4,507,030 |
| Investment income | $1,206 |
| 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 | $4,513,856 |
| 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 | $37,715 |
| Other salaries and wages | $3,221,844 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $244,306 |
| Payroll taxes | $162,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $9,396 |
| 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 | $303,962 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,087 |
| Insurance | $0 |
| All other expenses | $224,258 |
| Total functional expenses | $4,776,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,112 |
| Savings and temporary cash investments | $425,604 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $148,208 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $895 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,700 |
| Net Land, buildings, and equipment | $122,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,190,251 |
| Accounts payable and accrued expenses | $49,563 |
| 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 | $3,237 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,800 |
| Net assets without donor restrictions | $0 |
| 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 | $1,137,451 |
| Total liabilities and net assets/fund balances | $1,190,251 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tomorrows Hope Inc has recieved totaling $68,950.
| Awarding Organization | Amount |
|---|---|
Idaho Foodbank Warehouse Meridian, ID PURPOSE: See Part IV | $68,805 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Public School Employees Of Washington Auburn, WA | $10,924,728 | $12,530,239 |
Washington State Charter Schools Association Seattle, WA | $13,158,502 | $7,768,416 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Native Project Spokane, WA | $18,009,954 | $13,503,494 |
Early Light Academy South Jordan, UT | $20,669,504 | $8,816,501 |
Spokane International Academy Spokane, WA | $28,868,838 | $9,309,601 |
Pride Prep Schools Spokane, WA | $4,483,995 | $8,242,945 |
Oregon School Employees Association 133 Salem, OR | $7,639,516 | $7,655,217 |
Washington Manufacturing Services Bothell, WA | $3,899,855 | $7,541,918 |
Oregon Social Learning Center Inc Eugene, OR | $1,429,393 | $6,701,221 |
Riverstone Community School Inc Boise, ID | $14,062,968 | $7,409,648 |