Seeds Of Hope Of Northern Colorado Inc
- Assets
- $5.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Denver, CO
- Founding
- 03/1946
- Data as of
- 06/2024
- EIN
- 82-1844617
Organization Overview
Seeds Of Hope Of Northern Colorado Inc is located in Denver, CO. The organization was established in 1946. As of 06/2024, Seeds Of Hope Of Northern Colorado Inc employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Seeds Of Hope Of Northern Colorado 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 06/2024, Seeds Of Hope Of Northern Colorado Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $3.3m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Seeds Of Hope Of Northern Colorado Inc has awarded 86 individual grants totaling $2,194,778. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF SEEDS OF HOPE OF NORTHERN COLORADO, INC. IS TO "CULTIVATE MINDS AND HEARTS FOR CHRIST BY STRIVING TO MAKE A TRANSFORMATIVE CATHOLIC EDUCATION FINANCIALLY ACCESSIBLE TO ANY FAMILY WHO SEEKS IT."
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEEDS OF HOPE (SOH) PROVIDES TUITION ASSISTANCE TO ALLOW LOW-INCOME FAMILIES THE OPPORTUNITY FOR THEIR CHILDREN TO ATTEND A CATHOLIC K-8 SCHOOL WITHIN THE ARCHDIOCESE OF DENVER (AOD). WITH COST AS THE NUMBER ONE BARRIER TO ATTENDING A CATHOLIC SCHOOL, SEEDS OF HOPE PROVIDES HOPE SCHOLARSHIPS TO STUDENTS AND THEIR FAMILIES WHO OTHERWISE COULD NOT AFFORD A K-8 CATHOLIC EDUCATION. SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Sullivan Executive Di | Officer | 38 | $137,531 |
John Zimmerman Chair | OfficerTrustee | 1 | $0 |
Angie Romani Secretary | OfficerTrustee | 1 | $0 |
Dan Beyer Treasurer | OfficerTrustee | 1 | $0 |
Maribeth Hanzlik Director | Trustee | 1 | $0 |
David Hicks Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Catholic Alliance See Schedule G, Part 1, Line 2b | 6/29/18 | $175,000 |
Archdiocese Of Denver See Schedule G, Part 1, Line 2b | 6/29/18 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $855,374 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,148,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,003,615 |
| Total Program Service Revenue | $0 |
| Investment income | $178,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,334 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,187,079 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $103,000 |
| Grants and other assistance to domestic individuals. | $2,380,225 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,196 |
| Compensation of current officers, directors, key employees. | $7,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,615 |
| Pension plan accruals and contributions | $10,240 |
| Other employee benefits | $45,434 |
| Payroll taxes | $22,852 |
| Fees for services: Management | $79,710 |
| Fees for services: Legal | $608 |
| Fees for services: Accounting | $22,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $143,721 |
| Fees for services: Investment Management | $3,344 |
| Fees for services: Other | $141,277 |
| Advertising and promotion | $1,584 |
| Office expenses | $36,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,947 |
| Travel | $2,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,276 |
| All other expenses | $14,009 |
| Total functional expenses | $3,347,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,005,240 |
| Pledges and grants receivable | $223,012 |
| Accounts receivable, net | $199,131 |
| 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 | $52,432 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,742,463 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,222,278 |
| Accounts payable and accrued expenses | $53,778 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $63,778 |
| Net assets without donor restrictions | $4,239,226 |
| Net assets with donor restrictions | $919,274 |
| 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 | $5,222,278 |
Grants Awarded
Over the last fiscal year, Seeds Of Hope Of Northern Colorado Inc has awarded $103,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ANNUNCIATION CATHOLIC SCHOOL PURPOSE: PROFESSIONAL DEVELOP | $25,000 |
GUARDIAN ANGELS CATHOLIC SCHOOL PURPOSE: MAINTENANCE & REPAIR | $10,000 |
ST THERESE CATHOLIC CLASSC'L SCHOOL PURPOSE: PROF. DEVEL. & BOOKS | $20,000 |
ST ROSE OF LIMA CATHOLIC ACADEMY PURPOSE: MATH BOOKS | $10,000 |
SACRED HEART OF JESUS PARISH PURPOSE: FUTURE HS STUDENTS | $28,000 |
ASSUMPTION CATHOLIC SCHOOL PURPOSE: TRAINING & BOOKS | $10,000 |