2023-11-08T08:45:44-06:00 2022-12-31 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2022-01-01 412019565 THE HOPE CHEST FOR BREAST CANCER FOUNDATION HOPE 9524718701 3850 SHORELINE DRIVE SOUTH WAYZATA MN 55391 LINDSEY HAGAN DIRECTOR 9524718701 2023-11-07 1 LINDSEY HAGAN 999009999 0 MARC COLIN P00560855 9528310085 2023-11-07 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z MAUREEN SCALLEN FAILOR 3850 SHORELINE DRIVE SOUTH WAYZATA MN 55391 2290583 0 X WWW.HOPECHEST.COM X 2001 MN SEE SCHEDULE O.TO PROVIDE THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES IN MINNESOTA. 13 13 6 24 0 0 1374265 1392555 0 0 25170 4760 -19669 -43181 1379766 1354134 113711 196500 0 0 115374 150693 0 0 225261 942537 1055347 1171622 1402540 208144 -48406 1083648 908159 35274 36489 1048374 871670 X SEE SCHEDULE O.THE HOPE CHEST FOR BREAST CANCER FOUNDATION PROVIDES THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT DAILY LIVING NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES IN MINNESOTA. HOPE CHEST EMERGENCY ASSISTANCE PROGRAMS PROVIDE EMERGENCY FINANCIAL ASSISTANCE FOR RENT, UTILITIES, TRANSPORTATION AND CHILD CARE. 0 0 290917 196500 TO PROVIDE THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES. MANY OF THE PATIENTS ARE IN NEED OF FINANICAL ASSISTANCE AS SOON AS THEY ARE DIAGNOSED. THE ABLITY TO GET FINANICAL RELIEF IN THE QUICKEST, MOST EFFICIENT WAY IS WHY HOPE CHEST EXISTS. 820666 THE HOPE CHEST FOR BREAST CANCER USES A BUSINESS MODEL THAT GENERATES A CONSISTENT REVENUE STREAM THAT HELPS TO CREATE AN ONGOING, SUSTAINABLE CONTRIBUTION TO THE FOUNDATION'S EMERGENCY ASSISTANCE PROGRAM. THE FOUNDATION ACCEPTS DONATIONS OF UPSCALE FURNITURE, ACCESSORIES AND DESIGNER WOMEN'S CLOTHING. IT THEN UTILILIZES A RESALE STORE TO CONVERT THESE DONATIONS TO CASH. THROUGH THE THRIFT STORE THE FOUNDATION HAS DEVELOPED, WITH DONOR SUPPORT, A SUSTAINABLE PROGRAM THROUGH WHICH HELP IS PROVIDED. THE ORGANIZATION VOLUNTEERS AT MANY CANCER COMMUNITY EVENTS. PARTICPATION IN THESE HELPS THE ORGANIZATION STAY INFORMED OF BREAST CANCER, ALLOWS THE OPPORTUNITY TO CONNECT TO THE MEDICAL PROFESSIONALS AND THE CLINICS THAT HAVE DIRECT CONTACT WITH PATIENTS WHO ARE IN NEED OF FINANICAL ASSISTANCE. 1111583 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 36 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 MN X X THE ORGANIZATION 9524718701 3850 SHORELINE DRIVE SOUTH WAYZATA MN 55391 X LINDSEY HAGAN CHAIR 1.00 X X 0 0 0 CALLIE BRIESE VICE CHAIR 1.00 X X 0 0 0 KAREN LARSON TREASURER 1.00 X X 0 0 0 SHANNON MCDONOUGH SECRETARY 1.00 X X 0 0 0 DR STUART BLOOM DIRECTOR 1.00 X 0 0 0 ELIZABETH GRABEK DIRECTOR 1.00 X 0 0 0 BARBARA HENSLEY DIRECTOR 1.00 X 0 0 0 LAURA HOLASEK DIRECTOR 1.00 X 0 0 0 MICHELLE JOURDAN DIRECTOR 1.00 X 0 0 0 ANDREA KERRISON DIRECTOR 1.00 X 0 0 0 SARA SOLI DIRECTOR 1.00 X 0 0 0 NATASHA FREIMARK DIRECTOR 1.00 X 0 0 0 CARMEN WAMRE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 113543 1279012 1392555 4760 4760 71488 113543 115783 -44295 -44295 820666 820666 0 MISCELLANEOUS REVENUE 900099 1114 1114 1114 1354134 0 0 -38421 X 196500 196500 150693 51240 31092 68361 155068 21956 21508 111604 23100 5775 17325 20712 7060 4287 9365 5598 1908 1159 2531 12024 5032 2196 4796 3511 1197 727 1587 COST OF SALES 820666 820666 FUNDRAISING 14668 249 4727 9692 1402540 1111583 65696 225261 397704 319793 16049 34464 14400 33438 58412 28150 6376 30262 589521 490202 59598 0 1083648 908159 35274 36489 35274 36489 X 1015626 860584 32748 11086 1048374 871670 1083648 908159 X -48406 -128300 2 X X 0 1 X 1 0 X 1161702 999892 907157 1374265 1328041 5771057 1161702 999892 907157 1374265 1328041 5771057 5771057 5771057 1.00000 0.98280 X 10763 9410 1353 4737 3154 1583 42912 15586 27326 30262 X 1225836 -128300 2 -128298 1354134 0 1354134 1402540 0 1402540 0 1402540 PART X, LINE 2: THE FOUNDATION HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10.THE FOUNDATION'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. THE FOUNDATION CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. IN COMPLIANCE WITH ITS EXEMPT STATUS, THE FOUNDATION ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990). PART XI, LINE 2D - OTHER ADJUSTMENTS: RECONCILING DIFFERENCE 2. WINE DINNER 105412 59640 45772 15788 40212 RUNWAY FOR HOPE 59227 33511 25716 2802 43106 1 20392 20392 225 13650 185031 113543 71488 18815 96968 115783 -44295 1 TO PROVIDE THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES 321 196500 0 LEERYAN CORPORATION DBA HOPE CHEST FOR BREAST CANCER RESALE SHOP S-CORPORATION OWNED BY BOARD MEMBER OF ORGANIZATION 6900 THE FOUNDATION HAS A MANAGEMENT AGREEMENT WITH LEERYAN CORPORATION TO PURCHASE ITEMS OF CLOTHING, FURNITURE, HOUSEHOLD FURNISHINGS AND ACCESSORIES THAT ARE DONATED TO THE FOUNDATION WHICH MEET SPECIFIED STANDARDS. THE CORPORATION OPERATES THE RETAIL STORE WHERE THE DONATED PROPERTY IS SOLD. THE MANAGEMENT AGREEMENT REQUIRES THE MANAGEMENT COMPANY TO PAY THE FOUNDATION AN AMOUNT EQUAL TO THE SALES LESS REASONABLE COMPENSATION FOR SERVICES PROVIDED BY THE MANAGEMENT COMPANY. THE AMOUNT EARNED BY THE FOUNDATION MAY NOT BE LESS THAN 15% OF DONATED INVENTORY SALES AND 5% OF PURCHASED INVENTORY SALES FROM THE RETAIL STORE. 0 X AUCTION DONATIONS 229 56757 RESALE VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD TREASURER AND A SUBSET OF BOARD MEMBERS. THEY REVIEW AND DISCUSS QUESTIONS, PRIOR TO APPROVING THE 990 FOR SUBMISSION. THE FULL BOARD RECEIVES A COPY WHEN IT IS PRESENTED AT THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ENFORCES COMPLIANCE AS DISCUSSIONS AND VOTES ARE BEING CALLED THAT MIGHT BE IMPACTED. EACH BOARD MEMBER SIGNS AN ANNUAL CONFLICT OF INTEREST FORM AND NOTES ANY POTENTIAL CONFLICTS, IF APPLICABLE. THE EXECUTIVE DIRECTOR MAINTAINS THE FILE OF THESE CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 15B SALARIES ARE APPROVED AS PART OF THE YEARLY BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 21,956. MANAGEMENT AND GENERAL EXPENSES 21,508. FUNDRAISING EXPENSES 43,843. TOTAL EXPENSES 87,307. OUTSIDE LABOR: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 67,761. TOTAL EXPENSES 67,761. FORM 990, PART XI, LINE 9: RECONCILING DIFFERENCE 2. FORM 990, PART XII, LINE 2C NO CHANGES FROM PRIOR YEAR.