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Hope Redemption Center FY2022 filing

Tax-deductible

Sioux City, IA501(c)(3)ReligionEIN 84-4110138Revenue $383K in FY2022

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

FY2022 · 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: 1.9 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
$383K
+13% vs prior year
Spent
$362K
To programs
100%
Net assets
$109K
By yearFY2020–FY2024
Revenue
$383K
FY2022▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$430K
FY2021$340K
FY2022$383K
FY2023$453K
FY2024$408K
Expenses
$362K
FY2022▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$363K
FY2021$319K
FY2022$362K
FY2023$425K
FY2024$414K
Net assets
$109K
FY2022▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$66K
FY2021$87K
FY2022$109K
FY2023$133K
FY2024$122K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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% · $362K

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 · $362K · in their own filed words · FY2022
01

Can redemption center

$362Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$383K
Ln 12
Fees for servicesLn 2g$362K
Gifts and grantsLn 1h$21K
Money outPt IX
$362K
Ln 25
Programscol B$362K
Owns and owesPt X
$109K
net assets · Ln 32
Cash and savingsLn 1–2$57K
Total assetsLn 16$109K
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$21K
Fees for servicesLn 2g$362K
Total revenueLn 12$383K
Assets in detailPt X, end of year
CashLn 1$57K
Cash and savings togetherLn 1–2$57K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$109K
LiabilitiesLn 26$28
Net assetsLn 32$109K
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 FY22End FY22
Cash and savingsLn 1–2$40K$57K
Land, buildings, equipmentLn 10c$7K$6K
Total assetsLn 16$87K$109K
LiabilitiesLn 26$28$28
Net assetsLn 32$87K$109K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Other salaries and wagesLn 7$76K$76K$0$0
Payroll taxesLn 10$10K$10K$0$0
Legal feesLn 11b$199$199$0$0
Advertising and promotionLn 12$595$595$0$0
OccupancyLn 16$32K$32K$0$0
Depreciation, depletion and amortizationLn 22$1K$1K$0$0
InsuranceLn 23$5K$5K$0$0
Other expenses (24a–d)Ln 24$226K$226K$0$0
Total functional expensesLn 25$362K$362K$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 Viewing $383K$362K$21K$109K 990 PDF
FY2021 $340K$319K$21K$87K 990 PDF
FY2020 $430K$363K$66K$66K 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 FY2022 990 (6 parts)
Part I · Summary $383,297 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,494$21,000
I-9 Program service revenuePrior year $298,438$362,297
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $339,932$383,297
I-13 Grants and similar amounts paidPrior year $10,000$12,027
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $53,270$86,025
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $255,583$263,932
I-18 Total expensesPrior year $318,853$361,984
I-19 Revenue less expensesPrior year $21,079$21,313
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 $383,297 across 4 lines filed
VIII-1f All other contributions, gifts and grants$21,000
VIII-1h Total contributions, gifts and grants$21,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$362,297
VIII-12 Total revenueRelated to mission $362,297 · Unrelated business $0 · Excluded from tax $0$383,297
Part IX · Statement of functional expenses $361,984 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $12,027$12,027
IX-7 Other salaries and wagesPrograms $76,066 · Management $0 · Fundraising $0$76,066
IX-10 Payroll taxesPrograms $9,959 · Management $0 · Fundraising $0$9,959
IX-11b Legal feesPrograms $199 · Management $0 · Fundraising $0$199
IX-12 Advertising and promotionPrograms $595 · Management $0 · Fundraising $0$595
IX-16 OccupancyPrograms $31,942 · Management $0 · Fundraising $0$31,942
IX-22 Depreciation, depletion and amortizationPrograms $1,043 · Management $0 · Fundraising $0$1,043
IX-23 InsurancePrograms $4,513 · Management $0 · Fundraising $0$4,513
IX-24 Other expenses (24a–d)Programs $225,640 · Management $0 · Fundraising $0$225,640
IX-25 Total functional expensesPrograms $361,984 · Management $0 · Fundraising $0$361,984
Part X · Balance sheet $108,694 assets, 9 lines filed
Asset lines not itemized here account for $100; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $39,776$56,957
X-4 Accounts receivableStart of year $10,147$15,321
X-10c Land, buildings and equipment, netStart of year $6,779$5,736
X-14 Intangible assetsStart of year $30,580$30,580
X-16 Total assetsStart of year $87,382$108,694
X-17 Accounts payable and accrued expensesStart of year $28$28
X-26 Total liabilitiesStart of year $28$28
X-32 Total net assets or fund balancesStart of year $87,354$108,666
X-33 Total liabilities and net assetsStart of year $87,382$108,694
Part XI · Reconciliation of net assets $108,666 net assets at year end
XI-1 Total revenue$383,297
XI-2 Total expenses$361,984
XI-3 Revenue less expenses$21,313
XI-4 Net assets at start of year$87,354
XI-10 Net assets at end of year$108,666

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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