Civic Intelligence

Hopeful Beginnings

990 • Fiscal year 2021 • EIN 47-4743347

Jan 01, 2021 to Dec 31, 2021 • Filed on May 11, 2022

1601 South 17th AveGrand Forks, ND 58201

(701) 772-1884

Siviq Scores

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

Liabilities / Assets

90th percentile

0.84x

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

2021 filings • NTEE P • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

0.74x

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

2021 filings • NTEE P • $1M-$5M nonprofits • Source year 2021

Net Margin

33rd percentile

2.2%

Higher net margin than 33% of similar nonprofits.

2021 filings • NTEE P • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

36th percentile

$51,546

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2021 filings • NTEE P • $1M-$5M nonprofits • Source year 2021

Asset Growth

97th percentile

273%

Faster asset growth than 97% of similar nonprofits.

2021 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

49th percentile

11%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,205,162

Up $882,223 (+273%) from 2020

Net Assets

Up

$190,202

Up $30,315 (+19%) from 2020

Liabilities

Up

$1,014,960

Up $851,908 (+522%) from 2020

Revenue

Up

$1,362,899

Up $131,029 (+11%) from 2020

Expenses

Up

$1,332,584

Up $229,479 (+21%) from 2020

Net Income

Down

$30,315

Down $98,450 (-76%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $92,751Liabilities 2016: $93,226Net Assets 2016: -$4752016Assets 2017: $73,587Liabilities 2017: $66,296Net Assets 2017: $7,2912017Assets 2018: $143,927Liabilities 2018: $131,605Net Assets 2018: $12,3222018Assets 2019: $203,063Liabilities 2019: $171,941Net Assets 2019: $31,1222019Assets 2020: $322,939Liabilities 2020: $163,052Net Assets 2020: $159,8872020Assets 2021: $1,205,162Liabilities 2021: $1,014,960Net Assets 2021: $190,2022021Assets 2022: $2,726,079Liabilities 2022: $2,769,458Net Assets 2022: -$43,3792022Assets 2023: $2,633,392Liabilities 2023: $2,649,435Net Assets 2023: -$16,0432023Assets 2024: $2,895,153Liabilities 2024: $2,476,018Net Assets 2024: $419,1352024

Highlighted filing

2021

Assets$1,205,162
Liabilities$1,014,960
Net Assets$190,202

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $415,932Expenses 2016: $416,407Net Income 2016: -$4752016Revenue 2017: $574,070Expenses 2017: $566,304Net Income 2017: $7,7662017Revenue 2018: $704,479Expenses 2018: $689,207Net Income 2018: $15,2722018Revenue 2019: $976,063Expenses 2019: $938,471Net Income 2019: $37,5922019Revenue 2020: $1,231,870Expenses 2020: $1,103,105Net Income 2020: $128,7652020Revenue 2021: $1,362,899Expenses 2021: $1,332,584Net Income 2021: $30,3152021Revenue 2022: $2,266,681Expenses 2022: $2,637,111Net Income 2022: -$370,4302022Revenue 2023: $2,941,176Expenses 2023: $2,913,840Net Income 2023: $27,3362023Revenue 2024: $3,315,259Expenses 2024: $2,913,460Net Income 2024: $401,7992024

Highlighted filing

2021

Revenue$1,362,899
Expenses$1,332,584
Net Income$30,315
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 11, 2022
Return Version
2021v4.1
Gross Receipts
$1,362,899
Mission and Program Overview

Mission

To provide a developmentally appropriate christian evironment where children are encouraged to let god love them, love him in return and love others in jesus' name

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges-$940,375-
Cash and Non-Interest-Bearing Accounts$37,889$124,562▲ $86,673
Land, Buildings, and Equipment, Net$104,718$118,059▲ $13,341
Savings and Temporary Cash Investments$169,849$19,568▼ $150,281
Accounts Receivable$10,483$2,598▼ $7,885
Total Assets$322,939$1,205,162▲ $882,223
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$500,000▲ $500,000
Other Liabilities$0$350,000▲ $350,000
Accounts Payable and Accrued Expenses$36,752$164,960▲ $128,208
Unsecured Notes Loans Payable$126,300$0▼ $126,300
Deferred Revenue$0--
Total Liabilities$163,052$1,014,960▲ $851,908
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$159,887$190,202▲ $30,315
Total Net Assets Fund Balance$159,887$190,202▲ $30,315
Total Liabilities and Net Assets / Fund Balance$322,939$1,205,162▲ $882,223

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$118,059$119,005$237,064
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Sarah SchindlerExec DirectorFT$51,546$51,546

Board Members and Trustees

NameTitle
Tricia LeePresident
Jessica FordVice President
Laura MuizelaarDirector
Tiffany PrimeauDirector
Nikki KiefferSecretary
Jeff EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$300,983
Program Service Revenue
$1,060,728
Investment Income
$1,188
Other Revenue
$0
All Other Contributions
$131,017
Change in Net Assets
$30,315

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$120,000Fair Value
Other Non Cash Contri Table1$10,905Allocated Wages
Total Noncash Contributions2$130,905-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$905,064
Other Expenses$419,906
Grants and Similar Amounts Paid$7,614
Total Fundraising Expense$2,536
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$740,527$10,670$0$751,197
Occupancy$151,605$0$0$151,605
Payroll Taxes$61,028$3,177$0$64,205
Current Officers, Directors, Trustees, and Key Employees$19,618$29,428$0$49,046
Depreciation Depletion$40,080$0$0$40,080
Other Employee Benefits$38,116$0$0$38,116
Fees for Services Accounting$0$14,264$0$14,264
Other Expenses$13,031$0$0$13,031
All Other Expenses$12,031$0$0$12,031
Office Expenses$625$9,855$0$10,480
Grants to Domestic Orgs$7,614--$7,614
Insurance$7,468$0$0$7,468
Interest$6,822$0$0$6,822
Advertising$0$0$2,536$2,536
Pension Plan Contributions$1,000$1,500$0$2,500
Conferences and Meetings$613$0$0$613
Total Functional Expenses$1,261,154$68,894$2,536$1,332,584
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hope Evangelical Covenant ChurchGrand Forks, ND-General Operations$7,614
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Hope Evangelical Covenant Church$350,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Hopeful Beginnings
EIN
47-4743347
Phone
7017721884
Address
1601 SOUTH 17TH AVE, GRAND FORKS, ND 58201

Signing Officer

Name
Sarah Schindler
Title
Executive Director
Phone
7017721884
Signed
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Schindler
Formed
2015
Legal Domicile
Nd
Voting Board Members
6
Independent Board Members
6
Employees
87
Volunteers
0

Preparer

Firm
Overmoe & Nelson Ltd
Address
200 1ST AVE N STE 30, GRAND FORKS, ND 58203
Preparer
Sandra Borhart CPA
Phone
7017460437
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The return is reviewed by board members at a board meeting prior to submission

Pt VI, Line 15A

Comparable wages based on survey of other local daycares

Pt VI, Line 19

Upon request during normal business hours

Financial Statement Notes

Pt X, Line 2

The organization is organized as a north dakota nonprofit corporation and has been recognized by the irs as exempt from federal income tax under irc section 501(a) as an organization described in irc section 501(c)(3), qualifies for the charitable contribution deduction, and has been determined not to be a private foundation. The organization is annually required to file a return of organization exempt from income tax (form 990)with the irs. In addition, it is subject to income tax that is derived from business activities that are unrelated to its exempt purpose. The organization has determined that it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (990-t) with the irs.

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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt014275
IRS990/PYInvestmentIncomeAmt01360
IRS990/PYOtherExpensesAmt0297098
IRS990/PYOtherRevenueAmt0216
IRS990/PYProgramServiceRevenueAmt0749649
IRS990/PYRevenuesLessExpensesAmt0128765
IRS990/PYSalariesCompEmpBnftPaidAmt0791732
IRS990/PYTotalExpensesAmt01103105
IRS990/PYTotalRevenueAmt01231870
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt030315
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01362899
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0169849
IRS990/SavingsAndTempCashInvstGrp/EOYAmt019568
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0130905
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0128017
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0135403
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0394325
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: OTHER INCOME 2017: 138. 2019: 34. 2020: 216.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0257317
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0140395
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0140070
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt022562
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0560344
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01188
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01360
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0643
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03193
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01104394
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01089899
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0835316
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0704477
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0551370
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04285456
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01188
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01360
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0643
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03193
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0216
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt034
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0138
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0388
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.91790
IRS990ScheduleA/PublicSupportPY509Pct00.93190
IRS990ScheduleA/PublicSupportTotal509Amt04451475
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0130905
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0128017
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0135403
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0394325
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01361711
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01230294
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0975386
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0704477
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0573932
IRS990ScheduleA/Total509Grp/TotalAmt04845800
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04849381
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0118059
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119005
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0237064
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0350000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO HOPE EVANGELICAL COVENANT CHURCH
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS ORGANIZED AS A NORTH DAKOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION, AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION. THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990)WITH THE IRS. IN ADDITION, IT IS SUBJECT TO INCOME TAX THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION HAS DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (990-T) WITH THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0118059
IRS990ScheduleD/TotalLiabilityAmt0350000
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt07614
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HOPE EVANGELICAL COVENANT CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0510247942
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01601 17TH AVE SOUTH
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GRAND FORKS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ND
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd058201
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt11
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0FACILITY RENTAL
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1ACCOUNTING SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FAIR VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1ALLOCATED WAGES
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0120000
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt110905
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED BY BOARD MEMBERS AT A BOARD MEETING PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPARABLE WAGES BASED ON SURVEY OF OTHER LOCAL DAYCARES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST DURING NORMAL BUSINESS HOURS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false

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