Teen Hope Ministries
- Assets
- $41.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MN
- Founding
- 12/2018
- Data as of
- 12/2023
- EIN
- 83-0545831
Organization Overview
Teen Hope Ministries is located in Rochester, MN. The organization was established in 2018. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teen Hope Ministries 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 12/2023, Teen Hope Ministries generated $133.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $118.9k during the year ending 12/2023. While expenses have increased by 11.3% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary S Kadansky Executive Director | 40 | $58,800 | |
Chris Williams Chairperson | 1 | $0 | |
Roger Warndahl Treasurer | 1 | $0 | |
Randy Johnson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,594 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $26 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $23,737 |
| Other Revenue | $0 |
| Total Revenue | $133,357 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $76,320 |
| Professional fees and other payments to independent contractors | $3,615 |
| Occupancy, rent, utilities, and maintenance | $9,949 |
| Printing, publications, postage, and shipping | $2,660 |
| Other expenses | $26,350 |
| Total expenses | $118,894 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,106 |
| Other assets | $0 |
| Total assets | $41,106 |
| Total liabilities | $2,077 |
| Net assets or fund balances | $39,029 |