Form 990 for tax year 2022

Filed by BRIDGES OF HOPE.

Totals

Total revenue: $1,694,290
Total expenses: $1,680,677
Contributions and grants received: $602,876
Grants paid: $130,367
Program service revenue: $0
Investment income: $564
Other revenue: $1,090,850
Total assets, end of year: $1,252,624
Total liabilities, end of year: $331,662
Net assets or fund balances, end of year: $920,962
Program services expenses (Part IX): $1,239,642
Management and general expenses: $362,016
Fundraising expenses: $79,019
Program service expenses (Part III): $1,239,642

Program services were 73.8% 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

$59,614
1e · Government grants (contributions)

$12,836
1f · All other contributions, gifts and grants

$530,426
3 · Investment income

total $681 · excluded $681
7b · Less cost or other basis and sales expenses

securities $117
7c · Gain or loss

securities -$117
7d · Net gain or loss

total -$117 · excluded -$117
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$59,614
8b · Fundraising events: direct expenses

$23,102
8c · Net income from fundraising events

total -$23,102 · excluded -$23,102
10a · Gross sales of inventory

$1,113,952
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $1,113,952 · related or exempt $1,113,952

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $130,367 · program services $130,367
5 · Compensation of officers, directors and key employees

total $108,658 · program services $66,281 · management and general $31,511 · fundraising $10,866
7 · Other salaries and wages

total $811,074 · program services $670,385 · management and general $85,819 · fundraising $54,870
8 · Pension plan contributions

total $8,121 · program services $5,422 · management and general $2,007 · fundraising $692
9 · Other employee benefits

total $23,175 · program services $17,855 · management and general $2,746 · fundraising $2,574
10 · Payroll taxes

total $72,055 · program services $57,846 · management and general $9,078 · fundraising $5,131
11c · Fees: accounting

total $32,816 · management and general $32,816
11g · Fees: other

total $75,521 · program services $4,658 · management and general $70,863
12 · Advertising and promotion

total $35,383 · program services $30,917 · fundraising $4,466
13 · Office expenses

total $32,397 · program services $1,892 · management and general $30,505
16 · Occupancy

total $230,855 · program services $167,504 · management and general $63,351
17 · Travel

total $15,433 · program services $4,407 · management and general $11,026
20 · Interest

total $37 · management and general $37
22 · Depreciation, depletion and amortization

total $24,989 · program services $18,015 · management and general $6,974
23 · Insurance

total $14,151 · program services $9,101 · management and general $4,630 · fundraising $420
24a · Other expenses: CREDIT CARD & BANK CHAR

total $31,445 · program services $27,493 · management and general $3,952
24b · Other expenses: EQUIPMENT, SOFTWARE, &

total $22,254 · program services $22,254
24c · Other expenses: MISCELLANEOUS

total $11,946 · program services $5,245 · management and general $6,701

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,107 · end of year $1,108
2 · Savings and temporary cash investments

beginning of year $616,134 · end of year $752,799
3 · Pledges and grants receivable

beginning of year $165,000 · end of year $0
4 · Accounts receivable

beginning of year $7,772 · end of year $16,313
8 · Inventories for sale or use

beginning of year $58,803 · end of year $70,899
9 · Prepaid expenses and deferred charges

beginning of year $33,571 · end of year $29,977
10a · Land, buildings and equipment: cost or other basis

$267,240
10b · Land, buildings and equipment: accumulated depreciation

$151,694
10c · Land, buildings and equipment, net

beginning of year $134,563 · end of year $115,546
11 · Investments: publicly traded securities

end of year $25,273
15 · Other assets

beginning of year $0 · end of year $240,709
17 · Accounts payable and accrued expenses

beginning of year $94,638 · end of year $79,472
19 · Deferred revenue

beginning of year $14,634 · end of year $1,538
25 · Other liabilities

beginning of year $0 · end of year $250,652
27 · Net assets without donor restrictions

beginning of year $553,362 · end of year $791,829
28 · Net assets with donor restrictions

beginning of year $354,316 · end of year $129,133

Mission and programs · 2022

Mission

BRIDGES OF HOPE WAS FOUNDED IN 2002 AS A 501C3 FAITH-BASED NONPROFIT ORGANIZATION. THE MISSION OF BRIDGES OF HOPE IS TO BUILD BRIDGES OF SUPPORT, ANCHORED IN CHRIST'S LOVE, BETWEEN FAMILIES IN THE LAKES AREA AND THE COMMUNITY ASSETS THAT CAN HELP THEM THRIVE AND GAIN HOPE. THOUGH THE ORGANIZATION IS FOUNDED ON RELIGIOUS PRINCIPLES, THE SERVICES TO HOUSEHOLDS ARE ALWAYS PROVIDED WITHOUT REFERENCE TO OR EXPECTATION OF ANY STATED BELIEF. BRIDGES OF HOPE PARTNERSHIPS WITH THE COMMUNITY TO STRENGTHEN, STABILIZE AND SUPPORT FAMILIES, SENDING A MESSAGE OF HOPE AND EMPOWERING FAMILIES TO THRIVE. BRIDGES OF HOPE SERVES ANYONE WHO CONTACTS US WITHIN CROW WING COUNTY AND THE SURROUNDING COMMUNITIES IN CENTRAL MINNESOTA. EVERY PERSON WHO REACHES OUT FOR HELP IS FACING A UNIQUE CHALLENGE; AND UNLIKE TRADITIONAL HUMAN SERVICE AGENCIES THAT TYPICALLY FOCUS ON A SINGLE TYPE OF SERVICE (HOUSING, COUNSELING, HEALTH, ETC.), BRIDGES OF HOPE INSTEAD FOCUSES ON ASSISTING A HOUSEHOLD IN CRISIS -

Activities or mission (Part I)

BRIDGES OF HOPE WAS FOUNDED IN 2002 AS A 501C3 FAITH-BASED NONPROFIT ORGANIZATION.

COMMON GOODS CHARITY THRIFT STORE: OPERATED THREE THRIFT STORES TO CONTINUE MISSION OF SUPPORTING CHILDREN AND FAMILIES. THE STORE UTILIZED VOLUNTEERS TO ASSIST IN STORE OPERATIONS AND PROCESSING DONATIONS. THE GOAL OF COMMON GOODS IS TO HAVE A MAJOR IMPACT ON THE NUMBER OF PRODUCTS LEAVING THE AREA AND/OR ENTERING LANDFILLS. GOODS ARE RECYCLED AND REDISTRIBUTED WITHIN THE COMMUNITY, AND AS A RESULT, LOCAL DONATIONS STAY LOCAL AND PROCEEDS FROM THE STORE HELP US SERVE LOCAL FAMILIES IN NEED.

Expenses $707,766 · Revenue $1,113,952
RESOURCE CONNECTION SERVICES: WORKING 1:1 WITH INDIVIDUALS AND FAMILIES, WE ASSESS AND IDENTIFY WHICH LOCAL RESOURCES ARE BEST EQUIPPED TO MEET CLIENT NEEDS. WHEN NECESSARY, WE DISBURSE DIRECT FINANCIAL ASSISTANCE TO OVERCOME BARRIERS TO STABILITY, SUCH AS SUDDEN HEALTH EXPENSES OR IMMEDIATE RENT SUPPORT. CLIENTS CONTACT BRIDGES OF HOPE BECAUSE THEY NEED HELP WITH BASIC NEEDS, RANGING FROM FOOD TO HOUSING AND EVICTION SUPPORT, MENTAL HEALTH SERVICES, PARENT/FOSTER PARENT AND CUSTODY SUPPORT, AND EMPLOYMENT ASSISTANCE. IN THE CURRENT YEAR, WE ASSISTED MORE THAN 1300 HOUSEHOLDS.

Expenses $307,315 · Grants $52,144
WARMING SHELTER: A SAFE, SECURE, WARM PLACE TO SLEEP FOR THE WINTER MONTHS FOR THOSE 18+ OF AGE. HOURS OF OPERATION ARE 8P.M. - 8 A.M. AND TRAINED STAFF ARE PRESENT DURING OPEN HOURS OF OPERATION.

Expenses $200,410
OPERATION SANDWICH: OPERATION SANDWICH IS A GRASSROOTS PROGRAM THAT EXISTS TO END CHILDHOOD HUNGER BY FEEDING KIDS WHEN FREE AND REDUCED MEALS ARE NOT ACCESSIBLE AT SCHOOL. WE HAVE EXPANDED OUR COVERAGE AREA TO INCLUDE THE NORTHERN LAKES AREA TO SERVE MORE FAMILIES. IN THE CURRENT YEAR, WE SERVED 434 HOUSEHOLDS IN NEED.

Expenses $24,151 · Grants $78,223

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

Listed in Part VII

SARAH KATZENBERGER

BOARD PRESIDENT

Total calculated

$0

Hours/week

1
MICHELLE MORITZ

VICE CHAIR

Total calculated

$0

Hours/week

1
PAM BRALAND

TREASURER

Total calculated

$0

Hours/week

1
TERESE DIRKS

SECRETARY

Total calculated

$0

Hours/week

1
MICHAEL AUSTIN

BOARD MEMBER

Total calculated

$0

Hours/week

1
TIM HOLMES

BOARD MEMBER

Total calculated

$0

Hours/week

1
ERIC HOLST

BOARD MEMBER

Total calculated

$0

Hours/week

1
JASON KOTTKE

BOARD MEMBER

Total calculated

$0

Hours/week

1
TAMI LUECK

BOARD MEMBER

Total calculated

$0

Hours/week

1
SARAH MARSHALL

BOARD MEMBER

Total calculated

$0

Hours/week

1
MELISSA SCHMIDT

BOARD MEMBER

Total calculated

$0

Hours/week

1
BIFF ULM

BOARD MEMBER

Total calculated

$0

Hours/week

1
JANA SHOGREN

EXECUTIVE DIRECTOR

Total calculated

$108,658

From this org

$99,582

From related orgs

$0

Other

$9,076

Hours/week

40

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: 8 November 2023
IRS schema version: 2022v5.0
Source object: 202343139349302254

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