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Nonprofiteer
← HOPE MINISTRIES

Form 990 for tax year 2023

Filed by HOPE MINISTRIES.

Totals

Total revenue
$16,214,101
Total expenses
$15,222,167
Contributions and grants received
$13,686,262
Grants paid
$0
Program service revenue
$1,480,492
Investment income
$761,816
Other revenue
$285,531
Total assets, end of year
$36,625,708
Total liabilities, end of year
$4,349,520
Net assets or fund balances, end of year
$32,276,188
Program services expenses (Part IX)
$11,847,157
Management and general expenses
$1,256,689
Fundraising expenses
$2,118,321
Program service expenses (Part III)
$11,847,157

Program services were 77.8% 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.

  • 1f · All other contributions, gifts and grants

    $13,686,262

  • 1g · Noncash contributions included above

    $6,514,476

  • 2a · Program service revenue: THRIFT STORE INCOME

    total $1,448,368 · related or exempt $1,448,368

  • 2b · Program service revenue: PROGRAM FEES

    total $32,124 · related or exempt $32,124

  • 3 · Investment income

    total $540,131 · excluded $540,131

  • 7a · Gross sales of assets other than inventory

    securities $447,488 · other assets $7,429

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

    securities $228,559 · other assets $4,673

  • 7c · Gain or loss

    securities $218,929 · other assets $2,756

  • 7d · Net gain or loss

    total $221,685 · related or exempt $2,756 · excluded $218,929

  • 11a · Other revenue: FUNDED EQUIP. PURCHASES

    total $258,094 · related or exempt $258,094

  • 11b · Other revenue: MISCELLANEOUS

    total $23,270 · related or exempt $23,270

  • 11c · Other revenue: CONCESSION & LAUNDRY

    total $4,167 · related or exempt $4,167

  • 11e · Other revenue, total

    $285,531

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $385,160 · program services $192,580 · management and general $115,548 · fundraising $77,032

  • 7 · Other salaries and wages

    total $3,277,930 · program services $2,241,946 · management and general $568,465 · fundraising $467,519

  • 8 · Pension plan contributions

    total $216,288 · program services $146,235 · management and general $38,676 · fundraising $31,377

  • 9 · Other employee benefits

    total $645,895 · program services $436,153 · management and general $115,871 · fundraising $93,871

  • 10 · Payroll taxes

    total $269,187 · program services $179,462 · management and general $49,882 · fundraising $39,843

  • 11a · Fees: management

    total $72,129 · program services $36,064 · management and general $36,065

  • 11b · Fees: legal

    total $17,868 · program services $8,934 · management and general $8,934

  • 11c · Fees: accounting

    total $76,028 · program services $38,014 · management and general $38,014

  • 11e · Fees: professional fundraising services

    total $302,958 · fundraising $302,958

  • 11f · Fees: investment management

    total $37,932 · management and general $37,932

  • 11g · Fees: other

    total $162,796 · program services $81,399 · management and general $81,397

  • 13 · Office expenses

    total $390,905 · program services $185,658 · management and general $46,878 · fundraising $158,369

  • 16 · Occupancy

    total $568,234 · program services $491,330 · management and general $34,607 · fundraising $42,297

  • 20 · Interest

    total $97,597 · program services $97,597

  • 22 · Depreciation, depletion and amortization

    total $475,650 · program services $420,012 · management and general $52,945 · fundraising $2,693

  • 24a · Other expenses: IN-KIND - CLOTHING, ETC

    total $6,512,475 · program services $6,512,475

  • 24b · Other expenses: DEVELOPMENT COSTS

    total $890,522 · fundraising $890,522

  • 24c · Other expenses: MAINTENANCE & JANITORIA

    total $287,078 · program services $285,484 · management and general $717 · fundraising $877

  • 24d · Other expenses: FUNDED EQUIPMENT PURCHA

    total $207,344 · program services $207,344

  • 24e · All other expenses

    total $328,191 · program services $286,470 · management and general $30,758 · fundraising $10,963

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $14,111,448 · end of year $8,534,774

  • 3 · Pledges and grants receivable

    beginning of year $1,380,148 · end of year $901,441

  • 9 · Prepaid expenses and deferred charges

    beginning of year $124,847 · end of year $97,079

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

    $25,564,585

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

    $5,595,340

  • 10c · Land, buildings and equipment, net

    beginning of year $12,622,687 · end of year $19,969,245

  • 11 · Investments: publicly traded securities

    beginning of year $4,780,114 · end of year $5,174,172

  • 15 · Other assets

    beginning of year $1,724,967 · end of year $1,948,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,099,866 · end of year $1,327,473

  • 23 · Secured mortgages and notes payable

    beginning of year $2,640,109 · end of year $2,941,642

  • 25 · Other liabilities

    beginning of year $116,651 · end of year $80,405

  • 27 · Net assets without donor restrictions

    beginning of year $24,880,497 · end of year $30,008,699

  • 28 · Net assets with donor restrictions

    beginning of year $6,007,088 · end of year $2,267,489

Mission and programs · 2023

Mission

HOPE MINISTRIES IS ONE OF THE LARGEST PRIVATE PROVIDERS OF FREE MEALS, SAFE SHELTER, AND COMPREHENSIVE LIFE-RECOVERY SUPPORT FOR HOMELESS, NEAR-HOMELESS, AND HUNGRY MEN, WOMEN, AND CHILDREN IN IOWA. THE MISSION OF HOPE MINISTRIES IS TO RESCUE THOSE WHO ARE HOMELESS, HUNGRY, ABUSED OR ADDICTED, PROVIDING OPPORTUNITIES FOR HOPE, RECOVERY AND RESTORATION THROUGH THE LOVE OF JESUS CHRIST.

  • HOPE MINISTRIES IS ONE OF THE LARGEST PROVIDERS OF FREE MEALS, SAFE SHELTER, AND LONG-TERM LIFE-RECOVERY PROGRAMS FOR HOMELESS, NEAR-HOMELESS AND HUNGRY MEN, WOMEN AND CHILDREN IN IOWA. OUR FACILITIES CURRENTLY INCLUDE A 110-BED SHELTER FOR MEN, A 102-BED LONG-TERM LIFE-RECOVERY CENTER FOR MEN, AND A 48-BED SHORT AND LONG-TERM LIFE-RECOVERY CENTER FOR WOMEN AND CHILDREN. THROUGH OUR RESCUE EFFORTS, WE PROVIDE MORE THAN 13,000 MEALS AND 5,000 NIGHTS OF SHELTER EACH MONTH. THROUGH TEACHING PERSONAL RESPONSIBILITY AND ACCOUNTABILITY, OUR LIFE-RECOVERY PROGRAMS (FOR BOTH MEN AND WOMEN) ARE DESIGNED TO LEAD INDIVIDUALS AND FAMILIES TO SELF-SUFFICIENCY. ALL OUR SHELTER GUESTS AND LIFE-RECOVERY RESIDENTS ARE SERVED THROUGH INDIVIDUALIZED CARE PLANS AND CASE MANAGEMENT.

    Expenses $11,847,157 · Revenue $1,770,780

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

Listed in Part VII

  • Jennifer Canelos

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alan Gross

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kim Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michael Miesen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jason Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leah Owensby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ray Lorenz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Valerie Snyder Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Moffitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leon Negen

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $379,534
    From this org
    $334,368
    From related orgs
    $0
    Other
    $45,166
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,484
    Bonus
    $97,884
    Other
    $0
    Deferred
    $11,874
    Nontaxable benefits
    $33,292
    Filer's total
    $379,534

  • Kathy Coady

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $147,771
    From this org
    $139,634
    From related orgs
    $0
    Other
    $8,137
    Hours/week
    40

  • Keith Isley

    CHIEF OPERATING OFFICER

    Total calculated
    $120,578
    From this org
    $113,824
    From related orgs
    $0
    Other
    $6,754
    Hours/week
    40

  • Cole Lindholm

    PRESIDENT

    Total calculated
    $145,488
    From this org
    $129,000
    From related orgs
    $0
    Other
    $16,488
    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. 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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HOPE MINISTRIES THRIFT LLC

    THRIFT STORE · IA · income $1,448,368 · assets $177,275

    Directly controlled by HOPE MINISTRIES

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349302874

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