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← SEEDS OF HOPE CHARITABLE TRUST

Form 990 for tax year 2023

Filed by SEEDS OF HOPE CHARITABLE TRUST.

Totals

Total revenue
$377,741
Total expenses
$465,036
Contributions and grants received
$134,475
Grants paid
$343,080
Program service revenue
$0
Investment income
$243,266
Other revenue
$0
Total assets, end of year
$10,261,733
Total liabilities, end of year
$5,771
Net assets or fund balances, end of year
$10,255,962
Program services expenses (Part IX)
$371,957
Management and general expenses
$80,440
Fundraising expenses
$12,639
Program service expenses (Part III)
$371,957

Program services were 80.0% 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

    $134,475

  • 3 · Investment income

    total $144,650 · excluded $144,650

  • 7a · Gross sales of assets other than inventory

    securities $123,459

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

    securities $24,843

  • 7c · Gain or loss

    securities $98,616

  • 7d · Net gain or loss

    total $98,616 · excluded $98,616

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $343,080 · program services $343,080

  • 5 · Compensation of officers, directors and key employees

    total $7,376 · program services $3,319 · management and general $369 · fundraising $3,688

  • 7 · Other salaries and wages

    total $15,161 · program services $14,051 · management and general $525 · fundraising $585

  • 8 · Pension plan contributions

    total $853 · program services $807 · management and general $26 · fundraising $20

  • 9 · Other employee benefits

    total $4,820 · program services $4,616 · management and general $122 · fundraising $82

  • 10 · Payroll taxes

    total $1,644 · program services $1,262 · management and general $66 · fundraising $316

  • 11a · Fees: management

    total $2,656 · program services $131 · management and general $2,406 · fundraising $119

  • 11c · Fees: accounting

    total $7,563 · management and general $7,563

  • 11e · Fees: professional fundraising services

    total $7,564 · fundraising $7,564

  • 11f · Fees: investment management

    total $65,985 · management and general $65,985

  • 11g · Fees: other

    total $7,435 · program services $4,135 · management and general $3,300

  • 13 · Office expenses

    total $54 · program services $12 · management and general $11 · fundraising $31

  • 16 · Occupancy

    total $523 · program services $337 · management and general $41 · fundraising $145

  • 23 · Insurance

    total $322 · program services $207 · management and general $26 · fundraising $89

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $1,038,549 · end of year $1,150,464

  • 11 · Investments: publicly traded securities

    beginning of year $8,576,318 · end of year $9,111,069

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,621 · end of year $5,771

  • 27 · Net assets without donor restrictions

    beginning of year $1,273,596 · end of year $1,443,600

  • 28 · Net assets with donor restrictions

    beginning of year $8,333,850 · end of year $8,812,362

Mission and programs · 2023

Mission

SEEDS OF HOPE CHARITABLE TRUST ("TRUST") ADMINISTERS ASSETS, IN TRUST, TO BE USED EXCLUSIVELY FOR THE FURTHERANCE OF CATHOLIC EDUCATION PURPOSES, INCLUDING SUPPORTING THE OPERATIONS OF SEEDS OF HOPE OF NORTHERN COLORADO, INC. ("INC."). THROUGH TUITION ASSISTANCE GRANTS, SCHOLARSHIPS, AND OPERATING SUPPORT, TRUST AND INC. (COLLECTIVELY REFERRED TO AS "SEEDS OF HOPE") SUPPORT CATHOLIC K-8 SCHOOLS AND SERVE LOW INCOME, HIGH-MINORITY POPULATIONS WITHIN THE ARCHDIOCESE OF DENVER ("AOD") IN NORTHERN COLORADO. BY PROVIDING SCHOLARSHIPS, SEEDS OF HOPE GIVES FAMILIES THE CHOICE TO SEND THEIR CHILDREN TO A CATHOLIC K-8 SCHOOL WHERE SPIRITUAL, MENTAL, ACADEMIC, AND PHYSICAL FORMATION IS PROVIDED. THESE SCHOLARSHIPS ADDRESS THE OPPORTUNITY GAP FOR LOW-INCOME FAMILIES TRYING TO BREAK A CYCLE OF POVERTY BY CHOOSING TO ATTEND A QUALITY SCHOOL. SEEDS OF HOPE ALSO STRIVES TO ASSIST AND SUSTAIN THESE CATHOLIC COMMUNITIES WHICH SUPPORT FAMILIES IN ALL ASPECTS OF LIFE. THESE GRANTS NOT ONLY ALLOW FOR PARE

Activities or mission (Part I)

TO ADMINISTER ASSETS, IN TRUST, TO BE USED FOR THE FURTHERANCE OF CATHOLIC EDUCATION PURPOSES.

  • 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. CONTINUED ON SCHEDULE O.

    Expenses $371,957 · Grants $343,080

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
    $8,264
    From related orgs
    $137,531
    Other
    $8,604
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

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

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

No itemized grants to organizations 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
202402969349301505

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