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Nonprofiteer
← HOPE CHEST FOR BREAST CANCER FOUNDATION

Form 990 for tax year 2022

Filed by HOPE CHEST FOR BREAST CANCER FOUNDATION.

Totals

Total revenue
$1,354,134
Total expenses
$1,402,540
Contributions and grants received
$1,392,555
Grants paid
$196,500
Program service revenue
$0
Investment income
$4,760
Other revenue
-$43,181
Total assets, end of year
$908,159
Total liabilities, end of year
$36,489
Net assets or fund balances, end of year
$871,670
Program services expenses (Part IX)
$1,111,583
Management and general expenses
$65,696
Fundraising expenses
$225,261
Program service expenses (Part III)
$1,111,583

Program services were 79.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $113,543

  • 1f · All other contributions, gifts and grants

    $1,279,012

  • 3 · Investment income

    total $4,760 · excluded $4,760

  • 8a · Fundraising events: gross income

    $71,488

  • 8a · Fundraising events: contributions included on line 1c

    $113,543

  • 8b · Fundraising events: direct expenses

    $115,783

  • 8c · Net income from fundraising events

    total -$44,295 · excluded -$44,295

  • 10a · Gross sales of inventory

    $820,666

  • 10b · Cost of goods sold

    $820,666

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,114 · excluded $1,114

  • 11e · Other revenue, total

    $1,114

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $196,500 · program services $196,500

  • 7 · Other salaries and wages

    total $150,693 · program services $51,240 · management and general $31,092 · fundraising $68,361

  • 11g · Fees: other

    total $155,068 · program services $21,956 · management and general $21,508 · fundraising $111,604

  • 12 · Advertising and promotion

    total $23,100 · program services $5,775 · fundraising $17,325

  • 13 · Office expenses

    total $20,712 · program services $7,060 · management and general $4,287 · fundraising $9,365

  • 16 · Occupancy

    total $5,598 · program services $1,908 · management and general $1,159 · fundraising $2,531

  • 22 · Depreciation, depletion and amortization

    total $12,024 · program services $5,032 · management and general $2,196 · fundraising $4,796

  • 23 · Insurance

    total $3,511 · program services $1,197 · management and general $727 · fundraising $1,587

  • 24a · Other expenses: COST OF SALES

    total $820,666 · program services $820,666

  • 24b · Other expenses: FUNDRAISING

    total $14,668 · program services $249 · management and general $4,727 · fundraising $9,692

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $397,704 · end of year $319,793

  • 4 · Accounts receivable

    beginning of year $16,049 · end of year $34,464

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,400 · end of year $33,438

  • 10a · Land, buildings and equipment: cost or other basis

    $58,412

  • 10b · Land, buildings and equipment: accumulated depreciation

    $28,150

  • 10c · Land, buildings and equipment, net

    beginning of year $6,376 · end of year $30,262

  • 11 · Investments: publicly traded securities

    beginning of year $589,521 · end of year $490,202

  • 15 · Other assets

    beginning of year $59,598 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,274 · end of year $36,489

  • 27 · Net assets without donor restrictions

    beginning of year $1,015,626 · end of year $860,584

  • 28 · Net assets with donor restrictions

    beginning of year $32,748 · end of year $11,086

Mission and programs · 2022

Mission

SEE SCHEDULE O.THE HOPE CHEST FOR BREAST CANCER FOUNDATION PROVIDES THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT DAILY LIVING NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES IN MINNESOTA. HOPE CHEST EMERGENCY ASSISTANCE PROGRAMS PROVIDE EMERGENCY FINANCIAL ASSISTANCE FOR RENT, UTILITIES, TRANSPORTATION AND CHILD CARE.

Activities or mission (Part I)

SEE SCHEDULE O.TO PROVIDE THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES IN MINNESOTA.

  • TO PROVIDE THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES. MANY OF THE PATIENTS ARE IN NEED OF FINANICAL ASSISTANCE AS SOON AS THEY ARE DIAGNOSED. THE ABLITY TO GET FINANICAL RELIEF IN THE QUICKEST, MOST EFFICIENT WAY IS WHY HOPE CHEST EXISTS.

    Expenses $290,917 · Grants $196,500

  • THE HOPE CHEST FOR BREAST CANCER USES A BUSINESS MODEL THAT GENERATES A CONSISTENT REVENUE STREAM THAT HELPS TO CREATE AN ONGOING, SUSTAINABLE CONTRIBUTION TO THE FOUNDATION'S EMERGENCY ASSISTANCE PROGRAM. THE FOUNDATION ACCEPTS DONATIONS OF UPSCALE FURNITURE, ACCESSORIES AND DESIGNER WOMEN'S CLOTHING. IT THEN UTILILIZES A RESALE STORE TO CONVERT THESE DONATIONS TO CASH. THROUGH THE THRIFT STORE THE FOUNDATION HAS DEVELOPED, WITH DONOR SUPPORT, A SUSTAINABLE PROGRAM THROUGH WHICH HELP IS PROVIDED.

    Expenses $820,666

  • THE ORGANIZATION VOLUNTEERS AT MANY CANCER COMMUNITY EVENTS. PARTICPATION IN THESE HELPS THE ORGANIZATION STAY INFORMED OF BREAST CANCER, ALLOWS THE OPPORTUNITY TO CONNECT TO THE MEDICAL PROFESSIONALS AND THE CLINICS THAT HAVE DIRECT CONTACT WITH PATIENTS WHO ARE IN NEED OF FINANICAL ASSISTANCE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lindsey Hagan

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Callie Briese

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Larson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shannon McDonough

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Stuart Bloom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Grabek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Hensley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Holasek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Jourdan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Kerrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Soli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Natasha Freimark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carmen Wamre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303129349300210

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