Abbeys Hope Charitable Foundation FY2021 filing

Tax-deductible

Edina, MN501(c)(3)Public Safety & DisasterEIN 26-3033847Revenue $330K in FY2021

On file with the IRSabbeyshope.org5021 Vernon Avenue Suite 164, 55436-2102 · Edina, MNTax-exempt since Jun 2009Publicly supported charity — 170(b)(1)(A)(vi)

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To safeguard children against harm both in and outside swimming pools.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $115K a year · 33% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $19K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$330K
+31% vs prior year
Spent
$208K
To programs
70%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$330K
FY2021▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$253K
FY2021$330K
FY2022$256K
FY2023$155K
FY2024$707K
FY2025$418K
Expenses
$208K
FY2021▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2020$310K
FY2021$208K
FY2022$231K
FY2023$220K
FY2024$212K
FY2025$247K
Net assets
$2.5M
FY2021▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.5M
FY2022$2.0M
FY2023$2.0M
FY2024$2.7M
FY2025$2.5M

From the FY2021 Form 990 (year ending May 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $146K Management & general 30% · $62K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/Director
$0Pt VII · Sec A
Vice President/Director
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Abbeys Hope Charitable Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Protects children from harm in and around swimming pools.

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Provided by the organization

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2 programs · $146K · in their own filed words · FY2020
01

Education Events

Annual late spring event: coinciding with the beginning of swimming season and in partnership with local community officials (E.G., park and recreation, police department) and businesses, the late spring event focuses on educating the public on swimming and pool SAFETY.LIFEJACKET event:drowning prevention data is hard to collect due to…

$144Kprogram expense
02

Public Assistance

During the course of the year, the organization uses a portion of the proceeds from its fundraising events to provide assistance to other 501(c)(3) organizations with purposes aligned with those outlined in abbey's hope mission statement.

$2Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$19K
See all 3 funders →
Grants paid · 1 grant · $40K · 2019–2019
YMCAFY2019$40,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$330K
Ln 12
Investment incomeLn 3$243K
Gifts and grantsLn 1h$86K
Other incomeLn 4–11$370
Money outPt IX
$208K
Ln 25
Programscol B$146K
Managementcol C$62K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$114K
Total assetsLn 16$2.5M
LiabilitiesLn 26$3K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$86K
Fundraising eventsLn 1c$29K
Investment incomeLn 3$243K
Other incomeLn 4–11$370
Gains on assetsLn 7$191K
Total revenueLn 12$330K
Assets in detailPt X, end of year
CashLn 1$65K
SavingsLn 2$48K
Cash and savings togetherLn 1–2$114K
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.5M
LiabilitiesLn 26$3K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 52
VolunteersI 625
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$131K$114K
InvestmentsLn 11–13$2.0M$2.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.1M$2.5M
LiabilitiesLn 26$0$3K
Net assetsLn 32$2.1M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Other salaries and wagesLn 7$49K$42K$7K
Payroll taxesLn 10$4K$3K$561
Legal feesLn 11b$692$623$69
Investment management feesLn 11f$8K$8K
Other fees for servicesLn 11g$60K$54K$6K
Advertising and promotionLn 12$28K$28K
Office expensesLn 13$12K$1K$11K
Information technologyLn 14$16K$16K
TravelLn 17$18$18
Conferences, conventions and meetingsLn 19$2K$963$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$23K$14K$9K
All other expensesLn 24e$492$123$369
Total functional expensesLn 25$208K$146K$62K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $418K$247K$171K$2.5M 990 PDF
FY2024 $707K$212K$495K$2.7M 990 PDF
FY2023 $155K$220K−$65K$2.0M 990 PDF
FY2022 $256K$231K$24K$2.0M 990 PDF
FY2021 Viewing $330K$208K$122K$2.5M 990 PDF
FY2020 $253K$310K−$57K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $330,239 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $56,488$86,389
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $201,432$243,480
I-11 Other revenuePrior year −$5,399$370
I-12 Total revenuePrior year $252,521$330,239
I-13 Grants and similar amounts paidPrior year $40,000$2,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $54,369$52,647
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $215,272$153,689
I-18 Total expensesPrior year $309,641$208,336
I-19 Revenue less expensesPrior year −$57,120$121,903
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $330,239 across 7 lines filed
VIII-1c Fundraising events$29,020
VIII-1f All other contributions, gifts and grants$57,369
VIII-1h Total contributions, gifts and grants$86,389
VIII-3 Investment incomeExcluded from tax $52,712$52,712
VIII-7 Net gain or loss on sales of assetsExcluded from tax $190,768$190,768
VIII-8 Net income from fundraising eventsExcluded from tax $370$370
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $243,850$330,239
Part IX · Statement of functional expenses $208,336 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $2,000$2,000
IX-7 Other salaries and wagesPrograms $41,570 · Management $7,336$48,906
IX-10 Payroll taxesPrograms $3,180 · Management $561$3,741
IX-11b Legal feesPrograms $623 · Management $69$692
IX-11f Investment management feesManagement $8,238$8,238
IX-11g Other fees for servicesPrograms $54,315 · Management $6,035$60,350
IX-12 Advertising and promotionPrograms $27,586$27,586
IX-13 Office expensesPrograms $1,249 · Management $11,243$12,492
IX-14 Information technologyManagement $15,612$15,612
IX-17 TravelManagement $18$18
IX-19 Conferences, conventions and meetingsPrograms $963 · Management $1,445$2,408
IX-23 InsuranceManagement $2,363$2,363
IX-24 Other expenses (24a–d)Programs $14,398 · Management $9,040$23,438
IX-24e All other expensesPrograms $123 · Management $369$492
IX-25 Total functional expensesPrograms $146,007 · Management $62,329 · Fundraising $0$208,336
Part X · Balance sheet $2,547,583 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $45,380$65,185
X-2 Savings and temporary cash investmentsStart of year $85,879$48,470
X-9 Prepaid expenses and deferred chargesStart of year $322$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,952,592$2,433,928
X-16 Total assetsStart of year $2,084,173$2,547,583
X-17 Accounts payable and accrued expensesStart of year $0$2,822
X-26 Total liabilitiesStart of year $0$2,822
X-27 Net assets without donor restrictionsStart of year $2,084,173$2,544,761
X-32 Total net assets or fund balancesStart of year $2,084,173$2,544,761
X-33 Total liabilities and net assetsStart of year $2,084,173$2,547,583
Part XI · Reconciliation of net assets $2,544,761 net assets at year end
XI-1 Total revenue$330,239
XI-2 Total expenses$208,336
XI-3 Revenue less expenses$121,903
XI-4 Net assets at start of year$2,084,173
XI-5 Net unrealized gains (losses) on investments$338,685
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,544,761

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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