Abbeys Hope Charitable Foundation FY2023 filing

Tax-deductible

Edina, MN501(c)(3)Public Safety & DisasterEIN 26-3033847Revenue $155K in FY2023

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.
61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 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
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$155K
-39% vs prior year
Spent
$220K
To programs
61%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$155K
FY2023▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$253K
FY2021$330K
FY2022$256K
FY2023$155K
FY2024$707K
FY2025$418K
Expenses
$220K
FY2023▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$310K
FY2021$208K
FY2022$231K
FY2023$220K
FY2024$212K
FY2025$247K
Net assets
$2.0M
FY2023-0.08%
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 FY2023 Form 990 (year ending May 2023) · 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

61 cents of each dollar spent went to programs.

Program services 61% · $134K Management & general 39% · $86K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 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
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · $134K · in their own filed words · FY2022
01

Education Events

Lifejacket event:drowning prevention data is hard to collect due to the varying causes of drownings, but the organization is actively working with the hennepin county water patrol and the MN dept of health to monitor drowning statistics in our state. With this data we can evaluate our programming, make changes and create new programs.

$134Kprogram expense
02

Public Assistance

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. No contributions were made during this fiscal year.

Pt IX · col B

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$155K
Ln 12
Investment incomeLn 3$98K
Gifts and grantsLn 1h$79K
Money outPt IX
$220K
Ln 25
Programscol B$134K
Managementcol C$86K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Fundraising eventsLn 1c$60K
Investment incomeLn 3$98K
Gains on assetsLn 7$42K
Total revenueLn 12$155K
Assets in detailPt X, end of year
CashLn 1$34K
SavingsLn 2$94K
Cash and savings togetherLn 1–2$128K
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
Net assetsLn 32$2.0M
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 FY23End FY23
Cash and savingsLn 1–2$101K$128K
InvestmentsLn 11–13$1.9M$1.9M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.0M$2.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$56K$48K$8K
Payroll taxesLn 10$4K$4K$641
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$8K$8K
Other fees for servicesLn 11g$61K$55K$6K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$11K$1K$10K
Information technologyLn 14$18K$18K
TravelLn 17$10K$10K
Conferences, conventions and meetingsLn 19$11K$4K$6K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$11K$3K$9K
All other expensesLn 24e$825$375$450
Total functional expensesLn 25$220K$134K$86K$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 Viewing $155K$220K−$65K$2.0M 990 PDF
FY2022 $256K$231K$24K$2.0M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $154,716 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,135$79,329
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $172,209$97,682
I-11 Other revenuePrior year $6,173−$22,295
I-12 Total revenuePrior year $255,517$154,716
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $55,005$60,172
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $176,213$159,462
I-18 Total expensesPrior year $231,218$219,634
I-19 Revenue less expensesPrior year $24,299−$64,918
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $154,716 across 7 lines filed
VIII-1c Fundraising events$59,665
VIII-1f All other contributions, gifts and grants$19,664
VIII-1h Total contributions, gifts and grants$79,329
VIII-3 Investment incomeExcluded from tax $55,602$55,602
VIII-7 Net gain or loss on sales of assetsExcluded from tax $42,080$42,080
VIII-8 Net income from fundraising eventsExcluded from tax −$22,295−$22,295
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $75,387$154,716
Part IX · Statement of functional expenses $219,634 across 13 lines filed
IX-7 Other salaries and wagesPrograms $47,512 · Management $8,384$55,896
IX-10 Payroll taxesPrograms $3,635 · Management $641$4,276
IX-11c Accounting feesManagement $5,990$5,990
IX-11f Investment management feesManagement $8,194$8,194
IX-11g Other fees for servicesPrograms $54,585 · Management $6,065$60,650
IX-12 Advertising and promotionPrograms $19,568$19,568
IX-13 Office expensesPrograms $1,100 · Management $9,897$10,997
IX-14 Information technologyManagement $18,244$18,244
IX-17 TravelManagement $10,097$10,097
IX-19 Conferences, conventions and meetingsPrograms $4,214 · Management $6,321$10,535
IX-23 InsuranceManagement $2,864$2,864
IX-24 Other expenses (24a–d)Programs $2,670 · Management $8,828$11,498
IX-24e All other expensesPrograms $375 · Management $450$825
IX-25 Total functional expensesPrograms $133,659 · Management $85,975 · Fundraising $0$219,634
Part X · Balance sheet $2,042,544 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $23,779$34,414
X-2 Savings and temporary cash investmentsStart of year $77,372$93,998
X-9 Prepaid expenses and deferred chargesStart of year $217$176
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,942,871$1,913,956
X-16 Total assetsStart of year $2,044,239$2,042,544
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,044,239$2,042,544
X-32 Total net assets or fund balancesStart of year $2,044,239$2,042,544
X-33 Total liabilities and net assetsStart of year $2,044,239$2,042,544
Part XI · Reconciliation of net assets $2,042,544 net assets at year end
XI-1 Total revenue$154,716
XI-2 Total expenses$219,634
XI-3 Revenue less expenses−$64,918
XI-4 Net assets at start of year$2,044,239
XI-5 Net unrealized gains (losses) on investments$63,223
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,042,544

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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