Totals
- Total revenue
- $1,905,856
- Total expenses
- $1,895,525
- Contributions and grants received
- $637,529
- Grants paid
- $132,424
- Program service revenue
- $0
- Investment income
- $9,807
- Other revenue
- $1,258,520
- Total assets, end of year
- $1,966,424
- Total liabilities, end of year
- $1,027,790
- Net assets or fund balances, end of year
- $938,634
- Program services expenses (Part IX)
- $1,490,108
- Management and general expenses
- $270,845
- Fundraising expenses
- $134,572
- Program service expenses (Part III)
- $1,490,108
Program services were 78.6% 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
$6,528
-
1e · Government grants (contributions)
$2,697
-
1f · All other contributions, gifts and grants
$628,304
-
3 · Investment income
total $9,786 · excluded $9,786
-
7a · Gross sales of assets other than inventory
securities $21
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $21
-
7d · Net gain or loss
total $21 · excluded $21
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$6,528
-
8b · Fundraising events: direct expenses
$4,816
-
8c · Net income from fundraising events
total -$4,816 · excluded -$4,816
-
10a · Gross sales of inventory
$1,263,336
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $1,263,336 · related or exempt $1,263,336
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $132,424 · program services $132,424
-
5 · Compensation of officers, directors and key employees
total $117,509 · program services $96,356 · management and general $12,927 · fundraising $8,226
-
7 · Other salaries and wages
total $909,082 · program services $818,497 · management and general $53,697 · fundraising $36,888
-
8 · Pension plan contributions
total $9,949 · program services $8,280 · management and general $1,020 · fundraising $649
-
9 · Other employee benefits
total $23,929 · program services $13,756 · management and general $8,743 · fundraising $1,430
-
10 · Payroll taxes
total $79,564 · program services $64,191 · management and general $12,147 · fundraising $3,226
-
11b · Fees: legal
total $355 · management and general $355
-
11c · Fees: accounting
total $38,025 · management and general $38,025
-
11e · Fees: professional fundraising services
total $79,197 · fundraising $79,197
-
11g · Fees: other
total $44,555 · program services $43,923 · management and general $632
-
12 · Advertising and promotion
total $36,366 · program services $31,932 · fundraising $4,434
-
13 · Office expenses
total $43,504 · program services $4,395 · management and general $39,109
-
16 · Occupancy
total $224,688 · program services $152,930 · management and general $71,758
-
17 · Travel
total $18,145 · program services $6,006 · management and general $12,139
-
20 · Interest
total $9,952 · program services $9,931 · management and general $21
-
22 · Depreciation, depletion and amortization
total $29,497 · program services $25,337 · management and general $4,160
-
23 · Insurance
total $33,488 · program services $22,297 · management and general $10,669 · fundraising $522
-
24a · Other expenses: EQUIPMENT, SOFTWARE, &
total $34,536 · program services $34,536
-
24b · Other expenses: CREDIT CARD & BANK CHAR
total $22,231 · program services $21,002 · management and general $1,229
-
24c · Other expenses: MISCELLANEOUS
total $8,529 · program services $4,315 · management and general $4,214
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,108 · end of year $1,107
-
2 · Savings and temporary cash investments
beginning of year $752,799 · end of year $586,113
-
4 · Accounts receivable
beginning of year $16,313 · end of year $41,033
-
8 · Inventories for sale or use
beginning of year $70,899 · end of year $78,173
-
9 · Prepaid expenses and deferred charges
beginning of year $29,977 · end of year $34,921
-
10a · Land, buildings and equipment: cost or other basis
$1,210,137
-
10b · Land, buildings and equipment: accumulated depreciation
$180,258
-
10c · Land, buildings and equipment, net
beginning of year $115,546 · end of year $1,029,879
-
11 · Investments: publicly traded securities
beginning of year $25,273 · end of year $58,694
-
15 · Other assets
beginning of year $240,709 · end of year $136,504
-
17 · Accounts payable and accrued expenses
beginning of year $79,472 · end of year $102,793
-
19 · Deferred revenue
beginning of year $1,538 · end of year $1,660
-
23 · Secured mortgages and notes payable
end of year $786,254
-
25 · Other liabilities
beginning of year $250,652 · end of year $137,083
-
27 · Net assets without donor restrictions
beginning of year $791,829 · end of year $887,843
-
28 · Net assets with donor restrictions
beginning of year $129,133 · end of year $50,791
Mission and programs · 2023
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.
Activities or mission (Part I)
BRIDGES OF HOPE WAS FOUNDED IN 2002 AS A 501C3 FAITH-BASED NONPROFIT ORGANIZATION.
-
COMMON GOODS THRIFT STORE: OPERATED THREE THRIFT STORES TO CONTINUE THE 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 $997,705 · Revenue $1,263,336
-
WARMING SHELTER: A SAFE, SECURE, WARM PLACE TO SLEEP FOR THE WINTER MONTHS FOR THOSE 18+ OF AGE. HOURS OF OPERATION ARE 7P.M. - 8 A.M. AND TRAINED STAFF ARE PRESENT DURING OPEN HOURS OF OPERATION.
Expenses $240,999
-
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 2023, WE ASSISTED 1356 HOUSEHOLDS.
Expenses $132,424 · Grants $39,793
-
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 OVER 500 FAMILIES IN NEED.
Expenses $118,980 · Grants $92,631
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jana ShogrenJANA SHOGREN
EXECUTIVE DIRECTOR
- Total calculated
- $117,509
- From this org
- $104,915
- From related orgs
- $0
- Other
- $12,594
- Hours/week
- 40
-
Eric HolstERIC HOLST
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Terese DirksTERESE DIRKS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michael AustinMICHAEL AUSTIN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sarah MarshallSARAH MARSHALL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Randy CapelleRANDY CAPELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Luke ChristiansenLUKE CHRISTIANSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt KarlgaardMATT KARLGAARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah KinkeadeSARAH KINKEADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason KottkeJASON KOTTKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kyle KnudsenKYLE KNUDSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tami LueckTAMI LUECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christy RamlerCHRISTY RAMLER
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
- 2023
- Filed
- 19 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442929349300204
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