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Nonprofiteer
← HOPE FLOATS HEALING & WELLNESS CENTER INC

Form 990 for tax year 2023

Filed by HOPE FLOATS HEALING & WELLNESS CENTER INC.

Totals

Total revenue
$628,409
Total expenses
$465,481
Contributions and grants received
$593,311
Grants paid
$0
Program service revenue
$41,219
Investment income
$3,339
Other revenue
-$9,460
Total assets, end of year
$1,456,496
Total liabilities, end of year
$15,200
Net assets or fund balances, end of year
$1,441,296
Program services expenses (Part IX)
$295,918
Management and general expenses
$95,002
Fundraising expenses
$74,561
Program service expenses (Part III)
$295,918

Program services were 63.6% 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

    $74,979

  • 1f · All other contributions, gifts and grants

    $518,332

  • 1g · Noncash contributions included above

    $172,766

  • 2a · Program service revenue: CLASS/TREATMENT INCOME

    total $41,219 · related or exempt $41,219

  • 3 · Investment income

    total $3,339 · excluded $3,339

  • 6a · Gross rents

    real property $12,375

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,375

  • 6d · Net rental income or loss

    total $12,375 · excluded $12,375

  • 8a · Fundraising events: gross income

    $18,831

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

    $74,979

  • 8b · Fundraising events: direct expenses

    $40,666

  • 8c · Net income from fundraising events

    total -$21,835 · excluded -$21,835

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $111,042 · program services $53,771 · management and general $43,011 · fundraising $14,260

  • 7 · Other salaries and wages

    total $128,048 · program services $107,104 · management and general $2,474 · fundraising $18,470

  • 10 · Payroll taxes

    total $19,015 · program services $12,309 · management and general $4,201 · fundraising $2,505

  • 11b · Fees: legal

    total $1,000 · management and general $613 · fundraising $387

  • 11c · Fees: accounting

    total $14,863 · management and general $14,863

  • 11g · Fees: other

    total $31,788 · program services $497 · management and general $825 · fundraising $30,466

  • 12 · Advertising and promotion

    total $4,050 · program services $140 · management and general $2,329 · fundraising $1,581

  • 13 · Office expenses

    total $11,578 · program services $9,262 · management and general $1,737 · fundraising $579

  • 14 · Information technology

    total $330 · management and general $330

  • 16 · Occupancy

    total $41,058 · program services $32,846 · management and general $6,159 · fundraising $2,053

  • 22 · Depreciation, depletion and amortization

    total $35,828 · program services $28,663 · management and general $5,373 · fundraising $1,792

  • 23 · Insurance

    total $9,618 · management and general $9,618

  • 24a · Other expenses: CLASS AND TREATMENT

    total $23,193 · program services $23,065 · management and general $128

  • 24b · Other expenses: SUPPORT GROUP EXPENSES

    total $17,026 · program services $16,762 · management and general $264

  • 24c · Other expenses: REAL ESTATE TAXES AND F

    total $7,847 · program services $6,278 · management and general $1,177 · fundraising $392

  • 24d · Other expenses: PROFESSIONAL TRAININGS

    total $3,901 · program services $3,901

  • 24e · All other expenses

    total $5,296 · program services $1,320 · management and general $1,900 · fundraising $2,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $175,537 · end of year $72,352

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

    $1,497,115

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

    $339,901

  • 10c · Land, buildings and equipment, net

    beginning of year $52,400 · end of year $1,157,214

  • 11 · Investments: publicly traded securities

    end of year $226,930

  • 13 · Investments: program-related

    beginning of year $73,479

  • 15 · Other assets

    beginning of year $970,108 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $15,200

  • 27 · Net assets without donor restrictions

    beginning of year $1,271,524 · end of year $1,415,046

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $26,250

Mission and programs · 2023

Mission

OUR MISSION IS TO HELP PEOPLE COPE WITH LOSS, SUPPORT THEIR HEALING,AND NURTURE THEIR PHYSICAL AND EMOTIONAL WELL-BEING.

  • SINCE ITS FOUNDING IN 2008, HOPE FLOATS HAS SERVED AN ESTIMATED 5,000 INDIVIDUALS WITH OUR FREE SUPPORT GROUPS, SUPPORT RETREATS, WELLNESS CLASSES AND EDUCATIONAL PROGRAMS. OUR NONPROFIT DRAWS FROM A BROAD, DIVERSE REGION PRIMARILY SOUTH OF BOSTON, INCLUDING THE SOUTH SHORE, SOUTH COAST AND UPPER CAPE. MANY OF OUR CLIENTS ARE FINANCIALLY DISADVANTAGED FAMILIES WHO OTHERWISE WOULD BE UNABLE TO AFFORD GRIEF SERVICES. IN 2023 HOPE FLOATS SERVED ABOUT 700 PEOPLE, MANY THROUGH THE MIKE'S CLUB PROGRAM FOR CHILDREN, TEENS, AND THEIR ADULT CAREGIVERS, AND THROUGH ADULT SUPPORT GROUPS AND WORKSHOPS. LAUNCHED IN 2012, MIKE'S CLUB CONTINUED AS A CORNERSTONE OF SUPPORT FOR CHILDREN AND THEIR FAMILIES FACING THE DESPAIR OF LOSING A LOVED ONE. MORE THAN 50 FAMILIES WERE SERVED INCLUDING 23 NEW ONES, AND PROGRAM CHANGES WERE MADE SUCH AS ADDING A NEW DIFFERENTIATED AGE GROUP. FAMILY NIGHTS UNDER THE MIKE'S CLUB UMBRELLA ALSO EXPENDED WELCOMING 10 FAMILIES ON THE WAITING LIST, AN EVENING OF DOING THERAPEUTIC ACTIVITIES AND SOCIALIZING. A MAJOR PROGRAM ADDITION WAS EXPANDING SCHOOL GRIEF OUTREACH TO DISTRICTS FROM BOSTON TO MIDDLEBOROUGH AND PLYMOUTH LED BY A NEW EDUCATION DIRECTOR. HOPE FLOATS PROVIDES GRIEF TRAINING TO EDUCATORS AND PARENTS, AND ALSO OFFERS TO INITIATE IN-PLACE STUDENT SUPPORT GROUPS IN THE EVENT OF A TRAGEDY IMPACTING THE SCHOOL COMMUNITY. SOME 400 CHILDREN, PARENTS, AND PROFESSIONALS WERE SERVED BY THIS.

    Expenses $295,918 · Revenue $41,219

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

Listed in Part VII

  • DENISE BRACK

    EXECUTIVE DIRECTOR

    Total calculated
    $47,917
    From this org
    $47,917
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ELIZABETH MCKENNA

    MANAGING DIRECTOR

    Total calculated
    $63,125
    From this org
    $63,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KEN BRACK

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • JANE CORR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • ELIZABETH BINARI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JANICE CHRISTO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • JANET WALSH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • REGINA QUIRK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • TERESA LALLY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • VEDNA LACOMBE-HEYWOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MIKE HOURAHAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

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.

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.

  • 4 ELM STREET LLC

    RENTS REAL ESTATE TO HOPE FLOATS · MA · income $1,750 · assets $1,107,319

    Directly controlled by HOPE FLOATS HEALING AND WELLNESS CENTER INC

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.1
Source object
202412719349301511

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