Civic Intelligence

Spreading Hope Inc.

990EZ • Fiscal year 2021 • EIN 81-3933634

Sep 01, 2020 to Aug 31, 2021 • Filed on Jan 12, 2022

902 Franklin TerraceMinneapolis, MN 55406

(612) 492-1880

Siviq Scores

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

Liabilities / Assets

75th percentile

0.07x

Higher debt load relative to assets than 75% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

0.19x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

13th percentile

-40%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

84th percentile

$18,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 24.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

23rd percentile

-13%

Faster asset growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

84th percentile

91%

Faster revenue growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$202,253

Down $29,342 (-13%) from 2020

Net Assets

$188,830

No earlier filing loaded for comparison.

Liabilities

Down

$13,423

Down $360 (-2.6%) from 2020

Revenue

Up

$72,447

Up $34,568 (+91%) from 2020

Expenses

Down

$101,429

Down $48,199 (-32%) from 2020

Net Income

Up

-$28,982

Up $82,767 (+74%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2018: $68,938Liabilities 2018: $6,0742018Assets 2019: $331,301Liabilities 2019: $1,740Net Assets 2019: $329,5612019Assets 2020: $231,595Liabilities 2020: $13,7832020Assets 2021: $202,253Liabilities 2021: $13,423Net Assets 2021: $188,8302021Assets 2022: $177,480Liabilities 2022: $1,112Net Assets 2022: $176,3682022Assets 2023: $172,466Liabilities 2023: $2,412Net Assets 2023: $170,0542023Assets 2024: $137,182Liabilities 2024: $2,964Net Assets 2024: $134,2182024Assets 2025: $52,396Liabilities 2025: $498Net Assets 2025: $51,8982025

Highlighted filing

2021

Assets$202,253
Liabilities$13,423
Net Assets$188,830

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $131,261Expenses 2018: $154,957Net Income 2018: -$23,6962018Revenue 2019: $451,742Expenses 2019: $185,045Net Income 2019: $266,6972019Revenue 2020: $37,879Expenses 2020: $149,628Net Income 2020: -$111,7492020Revenue 2021: $72,447Expenses 2021: $101,429Net Income 2021: -$28,9822021Revenue 2022: $124,589Expenses 2022: $137,051Net Income 2022: -$12,4622022Revenue 2023: $164,491Expenses 2023: $170,805Net Income 2023: -$6,3142023Revenue 2024: $200,492Expenses 2024: $236,328Net Income 2024: -$35,8362024Revenue 2025: $199,217Expenses 2025: $281,537Net Income 2025: -$82,3202025

Highlighted filing

2021

Revenue$72,447
Expenses$101,429
Net Income-$28,982
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jan 12, 2022
Return Version
2020v4.0
Gross Receipts
$72,447
Mission and Program Overview

Mission

Spreading hope exists to ignite a movement of gospel-shaped schools serving at-risk youth in our nation's cities.

Program Services

DescriptionGrantsExpenses
25,000 WAS AWARDED IN THIS FISCAL YEAR ON BEHALF OF A FOUNDATION GRANT MADE TO SPREADING HOPE IN 2018. THESE FUNDS WERE TO BE OFFERED AS PART OF A CHALLENGE MATCH TO HELP LEADERS RAISE FUNDS LOCALLY. OUR CLIENT SCHOOL, ECCLESSIAL SCHOOLS INITIATIVE, MET THEIR FUNDRAISING GOALS AND SO THE 25,000 GRANT WAS DISTRIBUTED TO THEM IN KEEPING WITH THE TERMS.$25,000$25,000
PROVIDING RESOURCES AND HOSTING SITE /VISITS FOR PROSPECTIVE SCHOOL PLANTERS. HOSTED 15 LEADERS AT TWO PLUNGE SITE VISITS AT HOPE ACADEMY.-$18,894
PROVIDING SCHOOL PLANTER ASSESSMENT SERVICES AND COACHING. ASSESSED AND SELECTED TWO FOUNDERS FOR 2022 SCHOL LAUNCH AND CONTINUED COACHING 10+ NETWORKED SCHOOL LEADERS.-$18,894
HOSTING VIRTUAL AND IN-PERSON RETREATS AND CONFERENCES. LAUNCHED FOUR VIRTUAL COHORT GROUPS SERVING 20+ NETWORK SCHOOL LEADERS.-$18,894
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAN OLSONExecutive DiPT$18,000-$18,000
RUSS GREGGDirector-$15,000-$15,000
BRAD PIEPERDirector-$0--
JEFFREY BIRDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Spreading Hope Inc
EIN
81-3933634
Phone
6124921880
Address
902 FRANKLIN TERRACE, MINNEAPOLIS, MN 55406

Signing Officer

Name
Dan Olson
Title
Executive Director
Phone
6122038540
Signed
2022-01-12
Discuss with paid preparer
Yes

Preparer

Firm
Boyum Barenscheer
Address
3050 METRO DR STE 200, MINNEAPOLIS, MN 55425-1547
Preparer
Robert J Georges
Phone
9528544244
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: the ecclesial school initiative address: 3352 w state rd 426 oviedo, fl 32765 cash contribution: 25,000

Form 990-ez, Part I, Line 16

Expenses bank charges/fees 4 dues/subscriptions 1,570 office supplies/software 1,711 travel, food, lodging 3,375 total 6,660

Form 990-ez, Part II, Line 26

Tax liabilities 1,308 948 2nd ppp loan 12,475 12,475

Form 990-ez, Part III

Spreading hope exists to ignite a movement of gospel-shaped schools serving at-risk youth in our nation's cities.

Form 990-ez, Part III, Line 31

25,000 was awarded in this fiscal year on behalf of a foundation grant made to spreading hope in 2018. These funds were to be offered as part of a challenge match to help leaders raise funds locally. Our client school, ecclessial schools initiative, met their fundraising goals and so the 25,000 grant was distributed to them in keeping with the terms.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0SPREADING HOPE EXISTS TO IGNITE A MOVEMENT OF GOSPEL-SHAPED SCHOOLS SERVING AT-RISK YOUTH IN OUR NATION'S CITIES.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDING RESOURCES AND HOSTING SITE /VISITS FOR PROSPECTIVE SCHOOL PLANTERS. HOSTED 15 LEADERS AT TWO PLUNGE SITE VISITS AT HOPE ACADEMY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDING SCHOOL PLANTER ASSESSMENT SERVICES AND COACHING. ASSESSED AND SELECTED TWO FOUNDERS FOR 2022 SCHOL LAUNCH AND CONTINUED COACHING 10+ NETWORKED SCHOOL LEADERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2HOSTING VIRTUAL AND IN-PERSON RETREATS AND CONFERENCES. LAUNCHED FOUR VIRTUAL COHORT GROUPS SERVING 20+ NETWORK SCHOOL LEADERS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt325,000 WAS AWARDED IN THIS FISCAL YEAR ON BEHALF OF A FOUNDATION GRANT MADE TO SPREADING HOPE IN 2018. THESE FUNDS WERE TO BE OFFERED AS PART OF A CHALLENGE MATCH TO HELP LEADERS RAISE FUNDS LOCALLY. OUR CLIENT SCHOOL, ECCLESSIAL SCHOOLS INITIATIVE, MET THEIR FUNDRAISING GOALS AND SO THE 25,000 GRANT WAS DISTRIBUTED TO THEM IN KEEPING WITH THE TERMS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: THE ECCLESIAL SCHOOL INITIATIVE ADDRESS: 3352 W STATE RD 426 OVIEDO, FL 32765 CASH CONTRIBUTION: 25,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES BANK CHARGES/FEES 4 DUES/SUBSCRIPTIONS 1,570 OFFICE SUPPLIES/SOFTWARE 1,711 TRAVEL, FOOD, LODGING 3,375 TOTAL 6,660
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX LIABILITIES 1,308 948 2ND PPP LOAN 12,475 12,475
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SPREADING HOPE EXISTS TO IGNITE A MOVEMENT OF GOSPEL-SHAPED SCHOOLS SERVING AT-RISK YOUTH IN OUR NATION'S CITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt425,000 WAS AWARDED IN THIS FISCAL YEAR ON BEHALF OF A FOUNDATION GRANT MADE TO SPREADING HOPE IN 2018. THESE FUNDS WERE TO BE OFFERED AS PART OF A CHALLENGE MATCH TO HELP LEADERS RAISE FUNDS LOCALLY. OUR CLIENT SCHOOL, ECCLESSIAL SCHOOLS INITIATIVE, MET THEIR FUNDRAISING GOALS AND SO THE 25,000 GRANT WAS DISTRIBUTED TO THEM IN KEEPING WITH THE TERMS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/Filer/BusinessNameControlTxt0SPRE
ReturnHeader/Filer/EIN0813933634
ReturnHeader/Filer/PhoneNum06124921880
ReturnHeader/Filer/USAddress/AddressLine1Txt0902 FRANKLIN TERRACE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03050 METRO DR STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554251547
ReturnHeader/PreparerPersonGrp/PhoneNum09528544244
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J GEORGES
ReturnHeader/ReturnTs02022-01-13T09:47:19-06:00
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OLSON
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

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