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Hope Redemption Center FY2021 filing

Tax-deductible

Sioux City, IA501(c)(3)Religion EIN 84-4110138Revenue $340K in FY2021

On file with the IRS5601 Sunnybrook Dr, 51106-4205 · Sioux City, IATax-exempt since May 2020Supporting org, Type I — 509(a)(3)

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Workplace training for unemployed and underemployeed individuals at a can Redemption Center.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $26K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$28
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 4 voting members
Worth a look: 1 of 4 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$340K
-21% vs prior year
Spent
$319K
To programs
100%
Net assets
$87K
By yearFY2020–FY2024
Revenue
$340K
FY2021▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$430K
FY2021$340K
FY2022$383K
FY2023$453K
FY2024$408K
Expenses
$319K
FY2021▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$363K
FY2021$319K
FY2022$362K
FY2023$425K
FY2024$414K
Net assets
$87K
FY2021▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$66K
FY2021$87K
FY2022$109K
FY2023$133K
FY2024$122K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2020.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $319K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Ken Dubois
Director
$0Pt VII · Sec A
Kevin Negaard
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Clausen
Director
$0Pt VII · Sec A
See Hope Redemption Center 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains unemployed and underemployed people for jobs at a can redemption center.

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Provided by the organization

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1 program · $319K · in their own filed words · FY2021
01

Can redemption center

$319Kprogram 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 · FY2022
Missouri River Historical Develop- Ment INCFY2022$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 6 grants · $156K · 2020–2024
Hope Ministry EnterprisesIA · FY2024$60,000
Sunnybrook Community ChurchFY2023$50,250
Sunnybrook Hope CenterIA · FY2023$15,000
Sunnybrook Community ChurchFY2022$11,000
Hope Lawn ServicesFY2021$10,000
Sunnybrook Hope CenterIA · FY2020$10,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$340K
Ln 12
Fees for servicesLn 2g$298K
Gifts and grantsLn 1h$41K
Money outPt IX
$319K
Ln 25
Programscol B$319K
Owns and owesPt X
$87K
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$87K
LiabilitiesLn 26$28
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41K
Government grantsLn 1e$12K
Fees for servicesLn 2g$298K
Total revenueLn 12$340K
Assets in detailPt X, end of year
CashLn 1$40K
Cash and savings togetherLn 1–2$40K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$87K
LiabilitiesLn 26$28
Net assetsLn 32$87K
OperationsPt I, VI
EmployeesI 510
VolunteersI 6274
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$42K$40K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$78K$87K
LiabilitiesLn 26$12K$28
Net assetsLn 32$66K$87K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Other salaries and wagesLn 7$48K$48K$0$0
Payroll taxesLn 10$5K$5K$0$0
Accounting feesLn 11c$164$164$0$0
Advertising and promotionLn 12$2K$2K$0$0
OccupancyLn 16$30K$30K$0$0
Depreciation, depletion and amortizationLn 22$521$521$0$0
InsuranceLn 23$9K$9K$0$0
Other expenses (24a–d)Ln 24$214K$214K$0$0
Total functional expensesLn 25$319K$319K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $408K$414K−$6K$122K 990 PDF
FY2023 $453K$425K$28K$133K 990 PDF
FY2022 $383K$362K$21K$109K 990 PDF
FY2021 Viewing $340K$319K$21K$87K 990 PDF
FY2020 $430K$363K$66K$66K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $339,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $74,529$41,494
I-9 Program service revenuePrior year $355,042$298,438
I-10 Investment incomePrior year $0$0
I-11 Other revenue$0
I-12 Total revenuePrior year $429,571$339,932
I-13 Grants and similar amounts paidPrior year $10,000$10,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $64,185$53,270
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $289,110$255,583
I-18 Total expensesPrior year $363,295$318,853
I-19 Revenue less expensesPrior year $66,276$21,079
Part VI · Governance 1 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $339,932 across 5 lines filed
VIII-1e Government grants$11,500
VIII-1f All other contributions, gifts and grants$29,994
VIII-1h Total contributions, gifts and grants$41,494
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$298,438
VIII-12 Total revenueRelated to mission $298,438 · Unrelated business $0 · Excluded from tax $0$339,932
Part IX · Statement of functional expenses $318,853 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-7 Other salaries and wagesPrograms $48,463 · Management $0 · Fundraising $0$48,463
IX-10 Payroll taxesPrograms $4,807 · Management $0 · Fundraising $0$4,807
IX-11c Accounting feesPrograms $164 · Management $0 · Fundraising $0$164
IX-12 Advertising and promotionPrograms $2,116 · Management $0 · Fundraising $0$2,116
IX-16 OccupancyPrograms $30,253 · Management $0 · Fundraising $0$30,253
IX-22 Depreciation, depletion and amortizationPrograms $521 · Management $0 · Fundraising $0$521
IX-23 InsurancePrograms $8,639 · Management $0 · Fundraising $0$8,639
IX-24 Other expenses (24a–d)Programs $213,890 · Management $0 · Fundraising $0$213,890
IX-25 Total functional expensesPrograms $318,853 · Management $0 · Fundraising $0$318,853
Part X · Balance sheet $87,382 assets, 9 lines filed
Asset lines not itemized here account for $100; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $42,068$39,776
X-4 Accounts receivableStart of year $5,128$10,147
X-10c Land, buildings and equipment, net$6,779
X-14 Intangible assetsStart of year $30,580$30,580
X-16 Total assetsStart of year $77,776$87,382
X-17 Accounts payable and accrued expenses$28
X-26 Total liabilitiesStart of year $11,500$28
X-32 Total net assets or fund balancesStart of year $66,276$87,354
X-33 Total liabilities and net assetsStart of year $77,776$87,382
Part XI · Reconciliation of net assets $87,354 net assets at year end
XI-1 Total revenue$339,932
XI-2 Total expenses$318,853
XI-3 Revenue less expenses$21,079
XI-4 Net assets at start of year$66,276
XI-10 Net assets at end of year$87,354

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

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