2024-11-12T09:52:26-06:00 2024-06-30 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2023-07-01 421512992 HOPE MINISTRIES HOPE 5152657272 PO BOX 862 DES MOINES IA 50304 LEON NEGEN CEO 5152657272 2024-11-12 1 0 JEFFEREY ROY P01951847 5152258400 2023 2024-10-15 13:58:12Z LEON NEGEN PO BOX 862 DES MOINES IA 50304 16447333 0 X WWW.HOPEIOWA.ORG X 2000 IA 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. 9 9 71 790 0 0 14611000 13686262 1575611 1480492 259393 761816 279093 285531 16725097 16214101 0 0 0 0 4361947 4794460 0 302958 2118321 10639784 10124749 15001731 15222167 1723366 991934 34744211 36625708 3856626 4349520 30887585 32276188 X 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. 0 0 11847157 1770780 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. 11847157 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 19 0 1 71 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X TIM LASS 5152657272 5075 E UNIVERSITY SUITE B PLEASANT HILL IA 50327 JENNIFER CANELOS CHAIR 1.00 X X 0 0 0 ALAN GROSS VICE-CHAIR 1.00 X X 0 0 0 KIM SMITH SECRETARY 1.00 X X 0 0 0 MICHAEL MIESEN TREASURER 1.00 X X 0 0 0 JASON BROWN DIRECTOR 1.00 X 0 0 0 LEAH OWENSBY DIRECTOR 1.00 X 0 0 0 RAY LORENZ DIRECTOR 1.00 X 0 0 0 VALERIE SNYDER RIVERA DIRECTOR 1.00 X 0 0 0 ANDY MOFFITT DIRECTOR 1.00 X 0 0 0 LEON NEGEN CHIEF EXECUTIVE OFFICER 40.00 X 334368 0 45166 KATHY COADY CHIEF DEVELOPMENT OFFICER 40.00 X 139634 0 8137 KEITH ISLEY CHIEF OPERATING OFFICER 40.00 X 113824 0 6754 COLE LINDHOLM PRESIDENT 40.00 X 129000 0 16488 716826 0 76545 4 0 1 0 0 13686262 6514476 13686262 THRIFT STORE INCOME 624200 1448368 1448368 PROGRAM FEES 624200 32124 32124 1480492 540131 540131 447488 7429 228559 4673 218929 2756 221685 2756 218929 FUNDED EQUIP. PURCHASES 624200 258094 258094 MISCELLANEOUS 624200 23270 23270 CONCESSION & LAUNDRY 624200 4167 4167 285531 16214101 1768779 0 759060 385160 192580 115548 77032 3277930 2241946 568465 467519 216288 146235 38676 31377 645895 436153 115871 93871 269187 179462 49882 39843 72129 36064 36065 17868 8934 8934 76028 38014 38014 302958 302958 37932 37932 162796 81399 81397 390905 185658 46878 158369 568234 491330 34607 42297 97597 97597 475650 420012 52945 2693 IN-KIND - CLOTHING, ETC 6512475 6512475 DEVELOPMENT COSTS 890522 890522 MAINTENANCE & JANITORIA 287078 285484 717 877 FUNDED EQUIPMENT PURCHA 207344 207344 328191 286470 30758 10963 15222167 11847157 1256689 2118321 14111448 8534774 1380148 901441 124847 97079 25564585 5595340 12622687 19969245 4780114 5174172 1724967 1948997 34744211 36625708 1099866 1327473 2640109 2941642 116651 80405 3856626 4349520 X 24880497 30008699 6007088 2267489 30887585 32276188 34744211 36625708 991934 396669 0 X X 0 1 X 1 0 X 11277410 15354936 16375819 14611000 13686262 71305427 11277410 15354936 16375819 14611000 13686262 71305427 71305427 175788 156231 225725 275677 540131 1373552 13243 13142 1470 14688 23270 65813 72744792 6744076 0.98020 0.98510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5302506 26031 715991 320993 5723535 5007313 32890 458461 196158 5302506 5429924 522667 -681290 263988 5007313 4294678 19750 1289003 173507 5429924 4367594 39861 54611 167388 4294678 0.86730 0.13270 1 0 1384649 1384649 22669057 4428045 18241012 1164379 908731 255648 346500 258564 87936 19969245 CASH SURRENDER VALUE, LIFE INSURANCE 10981 OTHER ASSETS 73880 OTHER INVESTMENTS 208000 INTEREST IN REMAINDER TRUSTS 731000 BENEFICIAL INTEREST IN COMMUNITY FOUNDATION 397103 INVESTMENTS HELD FOR DEFERRED COMPENSATION AGREEMENTS 447628 OPERATING LEASE RIGHT-OF-USE ASSETS 80405 1948997 OPEARTING LEASE LIABILITIES 80405 80405 X 16767707 396669 194869 591538 16176169 37932 37932 16214101 15379104 194869 194869 15184235 37932 37932 15222167 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUND CONSISTS OF INVESTMENTS OF PERMANENTLY RESTRICTED ASSETS AND BOARD DESIGNATED ASSETS TO PROVIDE A SOURCE OF LONG TERM INCOME FOR MAINTENANCE OF THE ORGANIZATION. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. X X X X X X 1 DOUGLAS SHAW & ASSOCIATES 1717 PARK STREET SUITE 300 NAPERVILLE IL 60563 FUNDRAISING STRATEGY 0 2505698 264500 2241198 GATEWAY COMMUNICATIONS 16805 NE MASON COURT PORTLAND OR 97230 FUNDRAISING CAMPAIGN MANAGEMENT 0 20508 14209 6299 MONEY FOR MINISTRY 2329 ELLIOT STREET SE GRAND RAPIDS MI 49506 FUNDRAISING CAMPAIGN MANAGEMENT 0 0 24249 -24249 2526206 302958 2223248 X X X 0 1 0 0 0 0 0 0 0 LEON NEGEN CHIEF EXECUTIVE OFFICER 236484 0 97884 0 0 0 11874 0 33292 0 379534 0 0 0 X 6260947 FAIR MARKET VALUE X 5 2001 FAIR MARKET VALUE X 1703 251528 FAIR MARKET VALUE 0 1 1 PART I, COLUMN (B): AMOUNT IN COLUMN B IS NUMBER OF CONTRIBUTORS. PART I, LINE 32B: SPORADICALLY THROUGHOUT YEAR THE ORGANIZATION USES A FUNDRAISING SERVICE TO SOLICIT AND PROCESS VEHICLE DONATIONS ON THEIR BEHALF. FORM 990, PART VI, SECTION A, LINE 3 IN JANUARY 2021 HOPE MINISTRIES ENTERED INTO AN AGREEMENT WITH SMCO THRIFT, LLC TO MANAGE HOPE MINISTRIES THRIFT, LLC (WHICH CONTAINS HOPE MINISTRIES' THRIFT STORE OPERATIONS). THIS AGREEMENT ENGAGES SMCO THRIFT, LLC TO MANAGE, OPERATE, AND MAINTAIN THE THRIFT STORES IN AN EFFICIENT, REASONABLE, AND SATISFACTORY MANNER. THIS INCLUDES PERSONNEL, ACCOUNTING, DONOR RELATIONS, AND GENERAL UPKEEP. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE HOPE MINISTRIES BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. THEY ARE GIVEN AN OPPORTUNITY AT THAT TIME TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. ALL DISCLOSED POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE BOARD OF DIRECTORS IN A TIMELY FASHION. FORM 990, PART VI, SECTION B, LINE 15A ALL MEMBERS OF THE BOARD OF DIRECTORS PARTICIPATE IN A WRITTEN PERFORMANCE EVALUATION OF THE CEO. THE EXECUTIVE COMMITTEE IS CHARGED WITH DISCUSSING THE REVIEW WITH THE CEO AND MAKING A RECOMMENDATION ON COMPENSATION. AS PART OF THE PROCESS, EXECUTIVE SALARY LEVELS AT COMPARABLE NONPROFIT ORGANIZATIONS IN THE GREATER DES MOINES AREA AND THE MIDWEST ARE REVIEWED. THE RECOMMENDATIONS ARE PRESENTED TO THE FULL BOARD OF DIRECTORS FOR APRROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (WHICH INCLUDE THE ARTICLES OF INCORPORATION AND THE BY-LAWS), CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. HOPE MINISTRIES THRIFT LLC 5075 E UNIVERSITY PLEASANT HILL IA 50327 853726506 THRIFT STORE IA 1448368 177275 HOPE MINISTRIES