2024-11-04T15:39:51-06:00 2023-12-31 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2023-01-01 412019565 THE HOPE CHEST FOR BREAST CANCER FOUNDATION HOPE 9524718701 3850 SHORELINE DRIVE SOUTH WAYZATA MN 55391 CALLIE BRIESE PAST CHAIR 9524718701 2024-11-04 1 0 MARC COLIN P00560855 9528310085 2024-11-04 2023 2024-10-15 13:58:12Z MAUREEN SCALLEN FAILOR 3850 SHORELINE DRIVE SOUTH WAYZATA MN 55391 2629061 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 5 24 0 0 1392555 1629293 0 0 4760 23483 -43181 -90750 1354134 1562026 196500 158650 0 0 150693 183641 0 0 225335 1055347 1174277 1402540 1516568 -48406 45458 908159 1075637 36489 59125 871670 1016512 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 270542 158650 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. 894431 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 RESALE 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. 1164973 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 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 20 0 1 5 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 1 1 0 MN X X THE ORGANIZATION 9524718701 3850 SHORELINE DRIVE SOUTH WAYZATA MN 55391 MAUREEN SCALLEN FAILOR EXECUTIVE DIRECTOR 35.00 X 60250 0 0 CALLIE BRIESE 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 NATASHA FREIMARK VICE CHAIR 1.00 X 0 0 0 LINDSEY HAGAN PAST CHAIR 1.00 X 0 0 0 LIZ GRABEK DIRECTOR 1.00 X 0 0 0 BARBARA HENSLEY DIRECTOR 1.00 X 0 0 0 ALESHA HODORFF 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 LARSON KERRISON DIRECTOR 1.00 X 0 0 0 SARA SOLI DIRECTOR 1.00 X 0 0 0 SHELLY STEVER DIRECTOR 1.00 X 0 0 0 CARMEN WAMRE DIRECTOR 1.00 X 0 0 0 60250 0 0 0 0 0 1 0 185398 1443895 1629293 7975 7975 66720 51212 15508 15508 15508 29125 185398 121392 -92267 -92267 894431 894431 0 MISCELLANEOUS REVENUE 900099 1517 1517 1517 1562026 0 0 -67267 158650 158650 183641 46222 43275 94144 6184 1649 1543 2992 64244 19425 18186 26633 118576 29311 27442 61823 4406 4406 31259 8333 7802 15124 6900 1839 1722 3339 14587 3889 3641 7057 4594 1224 1146 2224 COST OF SALES 894431 894431 STORE ACQUISITION EXPEN 21503 21503 EVENTS 7593 7593 1516568 1164973 126260 225335 319793 303324 34464 32092 33438 22600 58412 42737 30262 15675 490202 701946 908159 1075637 36489 59125 36489 59125 X 860584 1016512 11086 0 871670 1016512 908159 1075637 45458 99384 0 X X 0 1 X 1 0 X 999892 907157 1374265 1328041 451435 5060790 999892 907157 1374265 1328041 451435 5060790 5060790 124234 124234 5185024 1052272 0.97600 1.00000 X 10763 10058 705 4737 4205 532 42912 28474 14438 15675 X 1627941 99384 16498 115882 1512059 49967 49967 1562026 1483099 16498 16498 1466601 49967 49967 1516568 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 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 49,967. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 49,967. WINE DINNER 154727 125602 29125 3192 25565 51594 RUNWAY FOR HOPE 59796 59796 2908 38133 1 214523 185398 29125 6100 25565 89727 121392 -92267 1 TO PROVIDE THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES X 1 0 0 0 0 0 0 0 0 PART I, LINE 4A FORMER EXCUTIVE DIRECTOR, JAMIE FLAWS, WAS PAID FOR INTERM/TRANSITION SERVICES UNDER HER BUSINESS NAME AFTER SHE HAD TERMINATED EMPLOYEMENT WITH THE FOUNDATION. TOTAL PAID IN 2023 WAS $5,500 WHICH WAS REPORTED ON A 1099. LEERYAN CORPORATION DBA HOPE CHEST FOR BREAST CANCER RESALE SHOP S-CORPORATION OWNED BY BOARD MEMBER OF ORGANIZATION 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 101 47782 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 15 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 XII, LINE 2C NO CHANGE FROM PRIOR YEAR.