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Nonprofiteer
← SEEDS OF HOPE OF NORTHERN COLORADO INC

Form 990 for tax year 2023

Filed by SEEDS OF HOPE OF NORTHERN COLORADO INC.

Totals

Total revenue
$3,187,079
Total expenses
$3,347,699
Contributions and grants received
$3,003,615
Grants paid
$2,483,225
Program service revenue
$0
Investment income
$183,464
Other revenue
$0
Total assets, end of year
$5,222,278
Total liabilities, end of year
$63,778
Net assets or fund balances, end of year
$5,158,500
Program services expenses (Part IX)
$2,889,484
Management and general expenses
$162,547
Fundraising expenses
$295,668
Program service expenses (Part III)
$2,889,484

Program services were 86.3% 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

    $855,374

  • 1f · All other contributions, gifts and grants

    $2,148,241

  • 3 · Investment income

    total $178,130 · excluded $178,130

  • 7a · Gross sales of assets other than inventory

    securities $6,258

  • 7b · Less cost or other basis and sales expenses

    securities $924

  • 7c · Gain or loss

    securities $5,334

  • 7d · Net gain or loss

    total $5,334 · excluded $5,334

  • 8a · Fundraising events: gross income

    $158,648

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

    $855,374

  • 8b · Fundraising events: direct expenses

    $158,648

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $103,000 · program services $103,000

  • 2 · Grants to domestic individuals

    total $2,380,225 · program services $2,380,225

  • 5 · Compensation of officers, directors and key employees

    total $143,196 · program services $64,438 · management and general $7,160 · fundraising $71,598

  • 7 · Other salaries and wages

    total $181,615 · program services $138,391 · management and general $15,365 · fundraising $27,859

  • 8 · Pension plan contributions

    total $10,240 · program services $8,267 · management and general $838 · fundraising $1,135

  • 9 · Other employee benefits

    total $45,434 · program services $40,065 · management and general $2,251 · fundraising $3,118

  • 10 · Payroll taxes

    total $22,852 · program services $14,139 · management and general $1,593 · fundraising $7,120

  • 11a · Fees: management

    total $79,710 · program services $34,870 · management and general $42,744 · fundraising $2,096

  • 11b · Fees: legal

    total $608 · management and general $608

  • 11c · Fees: accounting

    total $22,687 · management and general $22,687

  • 11e · Fees: professional fundraising services

    total $143,721 · fundraising $143,721

  • 11f · Fees: investment management

    total $3,344 · management and general $3,344

  • 11g · Fees: other

    total $141,277 · program services $78,578 · management and general $62,699

  • 12 · Advertising and promotion

    total $1,584 · program services $1,584

  • 13 · Office expenses

    total $36,871 · program services $16,095 · management and general $1,554 · fundraising $19,222

  • 16 · Occupancy

    total $6,947 · program services $4,099 · management and general $549 · fundraising $2,299

  • 17 · Travel

    total $2,374 · program services $2,214 · management and general $55 · fundraising $105

  • 19 · Conferences, conventions and meetings

    total $3,729 · program services $927 · management and general $667 · fundraising $2,135

  • 23 · Insurance

    total $4,276 · program services $2,523 · management and general $338 · fundraising $1,415

  • 24a · Other expenses: MISC. EXPENSE

    total $14,009 · program services $69 · management and general $95 · fundraising $13,845

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,774,363 · end of year $3,005,240

  • 3 · Pledges and grants receivable

    beginning of year $218,516 · end of year $223,012

  • 4 · Accounts receivable

    beginning of year $328,744 · end of year $199,131

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,021 · end of year $52,432

  • 11 · Investments: publicly traded securities

    end of year $1,742,463

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,717 · end of year $53,778

  • 19 · Deferred revenue

    end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $4,391,272 · end of year $4,239,226

  • 28 · Net assets with donor restrictions

    beginning of year $910,655 · end of year $919,274

Mission and programs · 2023

Mission

THE MISSION IS TO "CULTIVATE MINDS AND HEARTS FOR CHRIST BY STRIVING TO MAKE A TRANSFORMATIVE CATHOLIC EDUCATION FINANCIALLY ACCESSIBLE TO ANY FAMILY WHO SEEKS IT." CONTINUED ON SCHEDULE O.

Activities or mission (Part I)

THE MISSION OF SEEDS OF HOPE OF NORTHERN COLORADO, INC. IS TO "CULTIVATE MINDS AND HEARTS FOR CHRIST BY STRIVING TO MAKE A TRANSFORMATIVE CATHOLIC EDUCATION FINANCIALLY ACCESSIBLE TO ANY FAMILY WHO SEEKS IT."

  • SEEDS OF HOPE (SOH) PROVIDES TUITION ASSISTANCE TO ALLOW LOW-INCOME FAMILIES THE OPPORTUNITY FOR THEIR CHILDREN TO ATTEND A CATHOLIC K-8 SCHOOL WITHIN THE ARCHDIOCESE OF DENVER (AOD). WITH COST AS THE NUMBER ONE BARRIER TO ATTENDING A CATHOLIC SCHOOL, SEEDS OF HOPE PROVIDES HOPE SCHOLARSHIPS TO STUDENTS AND THEIR FAMILIES WHO OTHERWISE COULD NOT AFFORD A K-8 CATHOLIC EDUCATION. SEE SCHEDULE O FOR CONTINUATION.

    Expenses $2,889,484 · Grants $2,483,225

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia Sullivan

    EXECUTIVE DI

    Total calculated
    $154,399
    From this org
    $137,531
    From related orgs
    $8,264
    Other
    $8,604
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $137,531 + $8,264 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,688 + $405 related
    Nontaxable benefits
    $483 + $28 related
    Filer's total
    $145,702 + $8,697 related

  • John Zimmerman

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Angie Romani

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dan Beyer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Maribeth Hanzlik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Jansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elias Moo

    DIRECTOR TO

    Total calculated
    $0
    Hours/week
    1

  • Lucy O'Shaughnessy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Parsons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Schuster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanie Todd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Truitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sloan Smith

    DIRECTOR FRO

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
21 October 2024
IRS schema version
2023v5.0
Source object
202442969349301604

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