Sioux Falls Hope Coalition
- Assets
- $1.1m
- Revenue
- $918.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Sioux Falls, SD
- Founding
- 11/2017
- Data as of
- 06/2022
- EIN
- 82-2097994
Organization Overview
Sioux Falls Hope Coalition is located in Sioux Falls, SD. The organization was established in 2017. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2022, Sioux Falls Hope Coalition employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sioux Falls Hope Coalition 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 06/2022, Sioux Falls Hope Coalition generated $918.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $610.6k during the year ending 06/2022. While expenses have increased by 46.6% per year over the past 5 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.
Since 2019, Sioux Falls Hope Coalition has awarded 21 individual grants totaling $441,132. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SIOUX FALLS HOPE COALITION FOCUSES ON NARROWING THE ACHIEVEMENT GAP IN OUR COMMUNITY THROUGH ONE SIMPLE STRATEGY: ENSURING THAT EVERY CHILD GETS A CHANCE TO ATTEND PRESCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECT CHILDREN CURRENTLY ON A WAITING LIST OR WHOSE FAMILIES DO NOT MEET THE INCOME GUIDELINES FOR SUBSIDIZED PRESCHOOL YET CAN'T AFFORD PRIVATE PRESCHOOL TUITION INTO EXISTING, HIGH-QUALITY PRESCHOOL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Benda Executive Di | Officer | 40 | $69,557 |
Randall Beck Chair | OfficerTrustee | 2 | $0 |
Doug Morrison Treasurer | OfficerTrustee | 3 | $0 |
Rich Merkouris Past Chair | OfficerTrustee | 1 | $0 |
Cory Hughes Secretary | OfficerTrustee | 1 | $0 |
Tolcha Mesele Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $148,025 |
| Membership dues | $0 |
| Fundraising events | $121,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $648,404 |
| Noncash contributions included in lines 1a–1f | $55,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $918,229 |
| Total Program Service Revenue | $0 |
| Investment income | $1,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,518 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $918,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $149,000 |
| Grants and other assistance to domestic individuals. | $268,914 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,876 |
| Compensation of current officers, directors, key employees. | $15,775 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $457 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,325 |
| Fees for services: Accounting | $4,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,811 |
| Advertising and promotion | $55,857 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $707 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,069 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,234 |
| All other expenses | $1,443 |
| Total functional expenses | $610,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,482 |
| Savings and temporary cash investments | $902,420 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4 |
| Total assets | $1,074,906 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,777 |
| Total liabilities | $4,777 |
| Net assets without donor restrictions | $409,907 |
| Net assets with donor restrictions | $660,222 |
| 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 | $1,074,906 |
Grants Awarded
Over the last fiscal year, Sioux Falls Hope Coalition has awarded $149,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Sioux Falls, SD PURPOSE: TRANSPORTATION/MEALS | $42,000 |
Sioux Falls, SD PURPOSE: TRANSPORTATION/MEALS | $30,000 |
Sioux Falls, SD PURPOSE: TRANSPORTATION/MEALS | $28,000 |
Sioux Falls, SD PURPOSE: TRANSPORTATION/MEALS | $18,000 |
Sioux Falls, SD PURPOSE: TRANSPORTATION/MEALS | $11,000 |
SIOUX FALLS FIRST CHURCH PURPOSE: TRANSPORTATION/MEALS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sioux Falls Hope Coalition has recieved totaling $42,511.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: COMMUNITY HEALTH IMPROVEMENT,EDUCATION/WORKFORCE DEVELOPMENT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $15,000 |
The Mike Cindy And Kylie Huether Family Foundation Sioux Falls, SD PURPOSE: SUPPORT KIDS THRU PRE K INITIATIVE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Presbyterian Homes Foundation Roseville, MN | $93,078,808 | $19,725,550 |
Yellowstone Boys And Girls Ranch Foundation Inc Billings, MT | $148,155,478 | $8,055,859 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Eastern Congo Initiative Minneapolis, MN | $7,833,187 | $4,435,607 |
Re Power Fund Minneapolis, MN | $5,415,294 | $4,322,617 |
Sheltering Arms Foundation Minneapolis, MN | $14,379,135 | $578,208 |
Big T Foundation Lakeville, MN | $11,785 | $483,542 |
Sioux Falls Hope Coalition Sioux Falls, SD | $1,074,906 | $918,262 |
Foundation For Essential Needs Minneapolis, MN | $452,815 | $582,063 |
Education Minnesota Foundation For Excellence In Teaching & Learning St Paul, MN | $2,086,661 | $457,325 |
Minnesota Odd Fellows Home Foundation Northfield, MN | $5,226,334 | $613,955 |