Seeds Of Hope Charitable Trust
- Assets
- $10.3m
- Revenue
- $377.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/1946
- Data as of
- 06/2024
- EIN
- 84-1437053
Organization Overview
Seeds Of Hope Charitable Trust is located in Denver, CO. The organization was established in 1946. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Seeds Of Hope Charitable Trust 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 Charitable Trust generated $377.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $465.0k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (15.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Seeds Of Hope Charitable Trust has awarded 41 individual grants totaling $1,418,619. 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
TO ADMINISTER ASSETS, IN TRUST, TO BE USED FOR THE FURTHERANCE OF CATHOLIC EDUCATION PURPOSES.
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. CONTINUED ON SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Clark Executive Director Thru 10/8/21 | Officer | 3 | $6,380 |
Patricia Sullivan Executive Director From 1/10/22 | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,475 |
| Total Program Service Revenue | $0 |
| Investment income | $144,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,616 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $343,080 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,376 |
| Compensation of current officers, directors, key employees. | $369 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,161 |
| Pension plan accruals and contributions | $853 |
| Other employee benefits | $4,820 |
| Payroll taxes | $1,644 |
| Fees for services: Management | $2,656 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,564 |
| Fees for services: Investment Management | $65,985 |
| Fees for services: Other | $7,435 |
| Advertising and promotion | $0 |
| Office expenses | $54 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $523 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $322 |
| All other expenses | $0 |
| Total functional expenses | $465,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,150,464 |
| Pledges and grants receivable | $0 |
| 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 | $9,111,069 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,261,733 |
| Accounts payable and accrued expenses | $5,771 |
| 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 | $0 |
| Total liabilities | $5,771 |
| Net assets without donor restrictions | $1,443,600 |
| Net assets with donor restrictions | $8,812,362 |
| 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 | $10,261,733 |
Grants Awarded
Over the last fiscal year, Seeds Of Hope Charitable Trust has awarded $136,283 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GUARDIAN ANGELS CATHOLIC SCHOOL PURPOSE: OPERATIONS SUPPORT | $50,000 |
ST THERESE CATHOLIC SCHOOL PURPOSE: OPERATIONS SUPPORT | $30,000 |
ANNUNCIATION CATHOLIC SCHOOL PURPOSE: OPERATIONS SUPPORT | $28,283 |
ST ROSE OF LIMA CATHOLIC ACADEMY PURPOSE: OPERATIONS SUPPORT | $28,000 |