Civic Intelligence

Sioux Falls Hope Coalition

990 • Fiscal year 2022 • EIN 82-2097994

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 23, 2022

2601 S Minnesota Ave Ste 105 PO 346Sioux Falls, SD 57105

(605) 361-1200

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

82nd percentile

33%

Higher net margin than 82% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

57th percentile

$74,644

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

86th percentile

41%

Faster asset growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

56th percentile

9.8%

Faster revenue growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,074,906

Up $312,394 (+41%) from 2021

Net Assets

Up

$1,070,129

Up $307,617 (+40%) from 2021

Liabilities

Up

$4,777

Up $4,777 from 2021

Revenue

Up

$918,262

Up $81,607 (+9.8%) from 2021

Expenses

Up

$610,645

Up $129,210 (+27%) from 2021

Net Income

Down

$307,617

Down $47,603 (-13%) from 2021

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 2018: $76,598Liabilities 2018: $0Net Assets 2018: $76,5982018Assets 2019: $410,587Liabilities 2019: $0Net Assets 2019: $410,5872019Assets 2020: $412,847Liabilities 2020: $5,555Net Assets 2020: $407,2922020Assets 2021: $762,512Liabilities 2021: $0Net Assets 2021: $762,5122021Assets 2022: $1,074,906Liabilities 2022: $4,777Net Assets 2022: $1,070,1292022Assets 2023: $1,322,338Liabilities 2023: $5,372Net Assets 2023: $1,316,9662023Assets 2024: $1,466,009Liabilities 2024: $5,492Net Assets 2024: $1,460,5172024Assets 2025: $1,168,000Liabilities 2025: $5,741Net Assets 2025: $1,162,2592025

Highlighted filing

2022

Assets$1,074,906
Liabilities$4,777
Net Assets$1,070,129

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $166,629Expenses 2018: $90,031Net Income 2018: $76,5982018Revenue 2019: $551,056Expenses 2019: $217,067Net Income 2019: $333,9892019Revenue 2020: $314,880Expenses 2020: $318,175Net Income 2020: -$3,2952020Revenue 2021: $836,655Expenses 2021: $481,435Net Income 2021: $355,2202021Revenue 2022: $918,262Expenses 2022: $610,645Net Income 2022: $307,6172022Revenue 2023: $1,026,287Expenses 2023: $779,450Net Income 2023: $246,8372023Revenue 2024: $1,096,636Expenses 2024: $953,085Net Income 2024: $143,5512024Revenue 2025: $626,157Expenses 2025: $924,415Net Income 2025: -$298,2582025

Highlighted filing

2022

Revenue$918,262
Expenses$610,645
Net Income$307,617
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 23, 2022
Return Version
2021v4.0
Gross Receipts
$919,780
Mission and Program Overview

Mission

The sioux falls hope coalition focuses on narrowing the achievement gap in our community through one simple strategy: ensuring that every child gets a chance to attend preschool.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$501,258$902,420▲ $401,162
Cash and Non-Interest-Bearing Accounts$243,754$162,482▼ $81,272
Pledges and Grants Receivable$17,500$10,000▼ $7,500
Total Assets$762,512$1,074,906▲ $312,394
Other Assets Total-$4-
Liabilities
Other Liabilities-$4,777-
Total Liabilities$0$4,777▲ $4,777
Net Assets / Fund Balance
Net Assets With Donor Restrictions$165,000$660,222▲ $495,222
Net Assets Without Donor Restrictions$597,512$409,907▼ $187,605
Total Net Assets Fund Balance$762,512$1,070,129▲ $307,617
Total Liabilities and Net Assets / Fund Balance$762,512$1,074,906▲ $312,394
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy BendaExecutive DiFT$69,557$5,087$74,644

Board Members and Trustees

NameTitle
Randall BeckChair
Rich MerkourisPast Chair
Tolcha MeseleVice Chair
Allison CrawfordDirector
Bobbi ThuryDirector
Darin HageDirector
Jennifer KirbyDirector
Mary Lloyd-huberDirector
Tom RichDirector
Cory HughesSecretary
Doug MorrisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$918,229
Program Service Revenue
$0
Investment Income
$1,551
Other Revenue
$-1,518
All Other Contributions
$648,404
Change in Net Assets
$307,617

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$55,888Fair Market Value (FMV)
Total Noncash Contributions1$55,888-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$417,914
Salaries, Compensation, and Employee Benefits$111,387
Total Fundraising Expense$94,549
Other Expenses$81,344
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$268,914--$268,914
Grants to Domestic Orgs$149,000--$149,000
Current Officers, Directors, Trustees, and Key Employees$7,888$15,775$55,213$78,876
Advertising$28,076-$27,781$55,857
Other Salaries and Wages$18,762$2,954$10,338$32,054
Fees for Services Legal-$5,325-$5,325
Fees for Services Other-$4,811-$4,811
Fees for Services Accounting-$4,136-$4,136
Insurance-$2,234-$2,234
All Other Expenses$83$1,246$114$1,443
Conferences and Meetings-$273$796$1,069
Other Expenses-$911-$911
Travel-$707-$707
Other Employee Benefits$62$88$307$457
Total Functional Expenses$472,785$43,311$94,549$610,645
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central ChurchSioux Falls, SD3Transportation/meals$42,000
Abiding Savior Free Lutheran ChurchSioux Falls, SD3Transportation/meals$30,000
Boys and Girls ClubSioux Falls, SD3Transportation/meals$28,000
GOOD NEW'S CHURCHSioux Falls, SD3Transportation/meals$18,000
Compassion PreschoolSioux Falls, SD3Transportation/meals$11,000
Sioux Falls Christian SchoolSioux Falls, SD3Transportation/meals$10,000
Sioux Falls First ChurchSioux Falls, SD3Transportation/meals$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,518
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breakfast$121,800-$1,518-
Total Events$121,800-$1,518$-1,518
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$4,777
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
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, Page 6, Part VI, Line 2

Cory hughes rich merkouris secretary past chair busienss relationship

Form 990, Page 6, Part VI, Line 11B

Officers review the return in detail. A copy of return is provided to each member of the board of directors. The preparer is available for questions or comments.

Form 990, Page 6, Part VI, Line 12C

Each director, principal officer, and member of a committee with the governing board-delegated powers are required to sign the conflict of interest policy on an annual basis and disclose any conflicts of interest.

Form 990, Page 6, Part VI, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Sioux Falls Hope Coalition
EIN
82-2097994
Address
2601 S MINNESOTA AVE STE 105 PO 346, SIOUX FALLS, SD 57105

Signing Officer

Name
Doug Morrison
Title
Treasurer
Signed
2022-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Benda
Formed
2017
Legal Domicile
Sd
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
11

Preparer

Firm
Woltman Group Pllc
Address
7001 S LYNCREST PLACE SUITE 200, SIOUX FALLS, SD 57108-2599
Preparer
Trent R Prins
Phone
6053611200
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0319717
IRS990/PYInvestmentIncomeAmt0398
IRS990/PYOtherExpensesAmt079672
IRS990/PYOtherRevenueAmt0-660
IRS990/PYRevenuesLessExpensesAmt0355220
IRS990/PYSalariesCompEmpBnftPaidAmt082046
IRS990/PYTotalExpensesAmt0481435
IRS990/PYTotalRevenueAmt0836655
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0307617
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0501258
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0902420
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0957965
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0836917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0314020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0551644
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0166629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02827175
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01551
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0398
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0860
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02809
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02042457
IRS990ScheduleA/SubstantialContributorsTotAmt0784718
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0957965
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0836917
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0314020
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0551644
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0166629
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02827175
IRS990ScheduleA/TotalSupportAmt02829984
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/OtherLiabilitiesOrgGrp/Amt04777
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/TotalLiabilityAmt04777
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0121800
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0121800
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01518
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BREAKFAST
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0121800
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0121800
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-1518
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01518
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01518
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0268914
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt228000
IRS990ScheduleI/RecipientTable/CashGrantAmt311000
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt542000
IRS990ScheduleI/RecipientTable/CashGrantAmt618000
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/IRCSectionDesc13
IRS990ScheduleI/RecipientTable/IRCSectionDesc23
IRS990ScheduleI/RecipientTable/IRCSectionDesc33
IRS990ScheduleI/RecipientTable/IRCSectionDesc43
IRS990ScheduleI/RecipientTable/IRCSectionDesc53
IRS990ScheduleI/RecipientTable/IRCSectionDesc63
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRANSPORTATION/MEALS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TRANSPORTATION/MEALS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2TRANSPORTATION/MEALS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3TRANSPORTATION/MEALS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4TRANSPORTATION/MEALS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5TRANSPORTATION/MEALS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6TRANSPORTATION/MEALS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ABIDING SAVIOR FREE LUTHERAN CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SIOUX FALLS FIRST CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BOYS AND GIRLS CLUB
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3COMPASSION PRESCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4SIOUX FALLS CHRISTIAN SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5CENTRAL CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6GOOD NEW'S CHURCH
IRS990ScheduleI/RecipientTable/RecipientEIN0460406443
IRS990ScheduleI/RecipientTable/RecipientEIN1460346961
IRS990ScheduleI/RecipientTable/RecipientEIN2460399482
IRS990ScheduleI/RecipientTable/RecipientEIN3454077445
IRS990ScheduleI/RecipientTable/RecipientEIN4460340024
IRS990ScheduleI/RecipientTable/RecipientEIN5460231577
IRS990ScheduleI/RecipientTable/RecipientEIN6460364101
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04100 S BAHNSON AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt16300 W 41ST STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2100 S SPRING AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3225 E 11TH ST NO 102
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt46120 S CHARGER CIR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt53102 W RALPH ROGERS RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt61800 S VALLEY VIEW RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SIOUX FALLS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1SIOUX FALLS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2SIOUX FALLS
IRS990ScheduleI/RecipientTable/USAddress/CityNm3SIOUX FALLS
IRS990ScheduleI/RecipientTable/USAddress/CityNm4SIOUX FALLS
IRS990ScheduleI/RecipientTable/USAddress/CityNm5SIOUX FALLS
IRS990ScheduleI/RecipientTable/USAddress/CityNm6SIOUX FALLS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1SD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2SD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3SD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4SD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5SD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6SD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd057103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd157106
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd257104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd357104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd457108
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd557108
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd657106
IRS990ScheduleI/Total501c3OrgCnt07
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0ADVERTISING
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt055888
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false

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