Civic Intelligence

Hope & a Future III Inc.

990 • Fiscal year 2017 • EIN 27-1019237

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

3440 High Point RdMadison, WI 53719-4914

(608) 831-0243

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.76x

Higher debt load relative to assets than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

2.04x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

41st percentile

$37,730

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

88th percentile

38%

Faster asset growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

91st percentile

84%

Faster revenue growth than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,094,445

Up $300,408 (+38%) from 2016

Net Assets

Up

$264,123

Up $175,319 (+197%) from 2016

Liabilities

Up

$830,322

Up $125,089 (+18%) from 2016

Revenue

Up

$407,608

Up $185,666 (+84%) from 2016

Expenses

Up

$232,289

Up $20,381 (+9.6%) from 2016

Net Income

Up

$175,319

Up $165,285 (+1647%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2013: $844,581Liabilities 2013: $788,272Net Assets 2013: $56,3092013Assets 2014: $838,429Liabilities 2014: $765,873Net Assets 2014: $72,5562014Assets 2015: $860,776Liabilities 2015: $736,194Net Assets 2015: $124,5822015Assets 2016: $794,037Liabilities 2016: $705,233Net Assets 2016: $88,8042016Assets 2017: $1,094,445Liabilities 2017: $830,322Net Assets 2017: $264,1232017Assets 2018: $1,099,268Liabilities 2018: $797,246Net Assets 2018: $302,0222018Assets 2019: $1,095,190Liabilities 2019: $760,274Net Assets 2019: $334,9162019Assets 2020: $1,119,192Liabilities 2020: $755,543Net Assets 2020: $363,6492020Assets 2021: $1,166,639Liabilities 2021: $746,340Net Assets 2021: $420,2992021Assets 2022: $1,299,763Liabilities 2022: $713,666Net Assets 2022: $586,0972022

Highlighted filing

2017

Assets$1,094,445
Liabilities$830,322
Net Assets$264,123

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2013: $230,380Expenses 2013: $184,841Net Income 2013: $45,5392013Revenue 2014: $256,771Expenses 2014: $240,524Net Income 2014: $16,2472014Revenue 2015: $285,830Expenses 2015: $233,804Net Income 2015: $52,0262015Revenue 2016: $221,942Expenses 2016: $211,908Net Income 2016: $10,0342016Revenue 2017: $407,608Expenses 2017: $232,289Net Income 2017: $175,3192017Revenue 2018: $266,595Expenses 2018: $228,696Net Income 2018: $37,8992018Revenue 2019: $255,059Expenses 2019: $222,165Net Income 2019: $32,8942019Revenue 2020: $291,941Expenses 2020: $263,208Net Income 2020: $28,7332020Revenue 2021: $348,069Expenses 2021: $291,419Net Income 2021: $56,6502021Revenue 2022: $470,547Expenses 2022: $304,749Net Income 2022: $165,7982022

Highlighted filing

2017

Revenue$407,608
Expenses$232,289
Net Income$175,319
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$408,910
Mission and Program Overview

Mission

Our mission is to develop intergenerational neighborhoods and supportive care that fosters hopeful futures for young and old--in a green, faith based environment.

Hope & a future is taking a fresh look at the needs and strengths of the two fastest growing segments of our population--seniors and young families at risk. We are developing staffed neighborhood settings that use the resource potential of motivated individuals from both groups to be helpful while being helped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$760,600$914,482▲ $153,882
Cash and Non-Interest-Bearing Accounts$25,620$156,513▲ $130,893
Accounts Receivable-$15,613-
Savings and Temporary Cash Investments$7,817$7,837▲ $20
Total Assets$794,037$1,094,445▲ $300,408
Liabilities
Mortgage Notes Payable Secured by Investment Property$699,591$830,322▲ $130,731
Accounts Payable and Accrued Expenses$5,642--
Total Liabilities$705,233$830,322▲ $125,089
Net Assets / Fund Balance
Unrestricted Net Assets$88,804$264,123▲ $175,319
Total Net Assets Fund Balance$88,804$264,123▲ $175,319
Total Liabilities and Net Assets / Fund Balance$794,037$1,094,445▲ $300,408

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$906,995$81,692$988,687
Other Land Buildings$6,999$7,027$14,026
Leasehold Improvements$488-$488
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karin KrauseExecutive DirectorFT$37,730$37,730

Board Members and Trustees

NameTitle
Jennifer MaddenPresident/treasurer
Lauren GrisaVice President
Ann ShadeDirector
Katie MeyerDirector
Michael RiceDirector
Nathan SimeDirector
Terri AlexanderDirector
Carrie RiceSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$153,348
Program Service Revenue
$255,424
Investment Income
$0
Other Revenue
$-1,164
All Other Contributions
$148,564
Change in Net Assets
$175,319
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$118,433
Salaries, Compensation, and Employee Benefits$113,856
Total Fundraising Expense$600
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$62,176$3,007-$65,183
Other Salaries and Wages$60,677$2,511-$63,188
Current Officers, Directors, Trustees, and Key Employees$18,865$18,865-$37,730
Conferences and Meetings$18,699$1,652-$20,351
Depreciation Depletion$13,649$718-$14,367
Office Expenses$7,751$874-$8,625
Payroll Taxes$6,713$1,575-$8,288
Other Employee Benefits$3,766$884-$4,650
All Other Expenses-$3,082-$3,082
Fees for Services Accounting-$3,059-$3,059
Other Expenses-$1,073-$1,073
Insurance-$972-$972
Fees for Services Other-$892-$892
Advertising--$600$600
Travel-$150-$150
Fees for Services Legal-$79-$79
Total Functional Expenses$192,296$39,393$600$232,289
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,302
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Michael rice and carrie rice have a family relationship.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The prepared form 990 is reviewed and approved by the president/treasurer before the return is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Annually all directors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The members of the governing body make determinations of whether a conflict exists and review actual conflicts. Any person with a conflict is prohibited from participating in the governing body's deliberations and decisions in the transaction.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Hope & a Future Iii Inc
EIN
27-1019237
Phone
6088310243
Address
3440 HIGH POINT RD, MADISON, WI 53719-4914

Signing Officer

Name
Karin Krause
Title
Executive Director
Phone
6088310243
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karin Krause
Formed
2009
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
11
Volunteers
388

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Scott Haumersen CPA
Phone
6082744020
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0325
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0153348
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt022144
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt029251
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt049542
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt082504
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0336789
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0255424
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0202234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0256573
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0207219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0147876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01069326
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt016
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.33100
IRS990ScheduleA/PublicSupportPY509Pct00.47420
IRS990ScheduleA/PublicSupportTotal509Amt0465471
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0230890
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0172176
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0232809
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0176398
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0128371
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0940644
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0230890
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0172176
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0232484
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0176398
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0128371
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0940319
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0408772
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0224378
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0285824
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0256761
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0230380
IRS990ScheduleA/Total509Grp/TotalAmt01406115
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0408772
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0224378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0285830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0256771
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0230380
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01406131
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0906995
IRS990ScheduleD/BuildingsGrp/DepreciationAmt081692
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0988687
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0488
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0488
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06999
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07027
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014026
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0914482
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHAEL RICE AND CARRIE RICE HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT/TREASURER BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BODY MAKE DETERMINATIONS OF WHETHER A CONFLICT EXISTS AND REVIEW ACTUAL CONFLICTS. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS IN THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0794037
IRS990/TotalAssetsEOYAmt01094445
IRS990/TotalAssetsGrp/BOYAmt0794037
IRS990/TotalAssetsGrp/EOYAmt01094445
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0153348
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0600
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039393
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0192296
IRS990/TotalFunctionalExpensesGrp/TotalAmt0232289
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0705233
IRS990/TotalLiabilitiesEOYAmt0830322
IRS990/TotalLiabilitiesGrp/BOYAmt0705233
IRS990/TotalLiabilitiesGrp/EOYAmt0830322
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088804
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0264123
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0192296
IRS990/TotalProgramServiceRevenueAmt0255424
IRS990/TotalReportableCompFromOrgAmt037730
IRS990/TotalRevenueGrp/ExclusionAmt0-1164
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0255424
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0407608
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0388
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0794037
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01094445
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0150
IRS990/TravelGrp/TotalAmt0150
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt088804
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0264123
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03440 HIGH POINT RD
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0WI
IRS990/USAddress/ZIPCd0537194914
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.HOPEANDAFUTUREINC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KARIN KRAUSE

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