2025-09-29T16:24:41-05:00 2024-12-31 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2024-01-01 412019565 THE HOPE CHEST FOR BREAST CANCER FOUNDATION HOPE 9524718701 3850 SHORELINE DRIVE SOUTH WAYZATA MN 55391 MAUREEN SCALLEN FAILOR EXECUTIVE DIRECTOR 9524718701 2025-09-29 1 0 MARC COLIN P00560855 9528310085 2025-09-29 2024 2025-03-06 01:10:19Z MAUREEN SCALLEN FAILOR 3850 SHORELINE DRIVE SOUTH WAYZATA MN 55391 3489019 0 X WWW.HOPECHEST.COM X 2001 MN SEE SCHEDULE O.TO PROVIDE THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES IN MINNESOTA. 15 15 25 24 0 0 1629293 2263005 0 0 23483 18705 -90750 -147487 1562026 2134223 158650 186943 0 0 183641 495122 0 0 127248 1174277 1180827 1516568 1862892 45458 271331 1075637 2407758 59125 1031749 1016512 1376009 X SEE SCHEDULE O.THE HOPE CHEST FOR BREAST CANCER FOUNDATION PROVIDES THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT DAILY LIVING NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES IN MINNESOTA. HOPE CHEST EMERGENCY ASSISTANCE PROGRAMS PROVIDE EMERGENCY FINANCIAL ASSISTANCE FOR RENT, UTILITIES, TRANSPORTATION AND CHILD CARE. 1 0 422987 186943 PATIENT GRANTS PROGRAM - 297 PATIENTS SERVED. PROVIDED $173,245 IN GRANTS TO MN BREAST CANCER PATIENTS - PATIENT GRANT BROCHURE ATTACHED. WITH THE ACQUISITION OF THE RESALE STORE, WE ARE PROJECTED TO INCREASE OUR DISTRIBUTION BY 30%. 1164408 RESALE STORE PROGRAM - THIS PROGRAM STARTED WHEN WE ACQUIRED THE STORE IN JUNE OF 2025. THE RESALE STORE IS A HIGH-END STORE THAT SELLS CLOTHING, JEWELRY, ART, AND FURNITURE. WE ANTICIPATE THAT IN 2025 WE WILL INCREASE THE FOUNDATION REVENUE BY $1.1 MILLION. NO DATA IS AVAILABLE ABOUT CUSTOMER TRAFFIC ETC. IN 2024. TRACKING IS IN PLACE FOR 2025. DONATIONS ARE MADE BY INVIDIUDALS, ESTATES, AND RETAILERS IN THE METRO AREA. EVENTS PROGRAMS - WE CONDUCT 2 LARGE SCALE EVENTS ANNUALLY. RUNWAY FOR HOPE AND WINE AND DINE. THESE ARE THE TWO BIG FUNDRIASERS FOR THE YEAR. AVERAGE ATTENDENCE IS 225 FOR 2024. THE GOAL IS TO INCREASE ATTENDANCE BY 10% AS WELL AS 12% INCREASE IN REVENUE. 1587395 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 28 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MN X X THE ORGANIZATION 9524718701 3850 SHORELINE DRIVE SOUTH WAYZATA MN 55391 MAUREEN SCALLEN FAILOR EXECUTIVE DIRECTOR 40.00 X 110462 0 0 NATASHA FREIMARK CHAIR 1.00 X X 0 0 0 LAURA HOLASEK VICE CHAIR 1.00 X X 0 0 0 SHANNON MCDONOUGH SECRETARY 1.00 X X 0 0 0 CHERYL BUTZ TREASURER 1.00 X X 0 0 0 CALLIE BRIESE PAST CHAIR 1.00 X 0 0 0 LINDSEY HAGAN DIRECTOR 1.00 X 0 0 0 BARBARA HENSLEY DIRECTOR 1.00 X 0 0 0 ALESHA HODORFF DIRECTOR 1.00 X 0 0 0 KARA JOHNSON DIRECTOR 1.00 X 0 0 0 MICHELLE JOURDAN DIRECTOR 1.00 X 0 0 0 ANDREA LARSON KERRISON DIRECTOR 1.00 X 0 0 0 SARA SOLI DIRECTOR 1.00 X 0 0 0 SHELLY STEVER DIRECTOR 1.00 X 0 0 0 CARMEN WAMRE DIRECTOR 1.00 X 0 0 0 LEAH WONG DIRECTOR 1.00 X 0 0 0 110462 0 0 1 0 0 0 0 256366 2006639 2263005 8675 8675 448260 438230 10030 10030 10030 32505 256366 179992 -147487 -147487 736574 736574 0 2134223 0 0 -128782 186943 186943 495122 353998 82974 58150 150 69 49 32 129363 83630 27517 18216 90507 51036 16567 22904 12232 1550 10682 35127 17483 8082 9562 14645 7422 5281 1942 28402 28402 36293 28500 4689 3104 19655 15987 2207 1461 COST OF SALES 736574 736574 STORE ACQUISITION EXPEN 46197 46197 EVENTS 16223 14687 557 979 MISCELLANEOUS EXPENSE 11413 11413 4046 3504 326 216 1862892 1587395 148249 127248 303324 461499 32092 62541 218768 22600 20597 1314094 79030 15675 1235064 701946 360149 49140 1075637 2407758 59125 79177 952572 59125 1031749 X 1016512 1376009 1016512 1376009 1075637 2407758 271331 88166 0 X X 0 1 X 1 0 X 907157 1374265 1328041 451435 2263005 6323903 907157 1374265 1328041 451435 2263005 6323903 6323903 124234 8675 132909 6456812 1788846 0.97940 0.97600 X 306000 306000 900841 17516 883325 10763 10708 55 53578 9445 44133 42912 41361 1551 1235064 X 2189323 88166 14687 102853 2086470 47753 47753 2134223 1829826 14687 14687 1815139 47753 47753 1862892 PART X, LINE 2: THE FOUNDATION HAS A TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS ADOPTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ASC 740-10.THE FOUNDATION'S POLICY IS TO EVALUATE UNCERTAIN TAX POSITIONS, AT LEAST ANNUALLY, FOR THE POTENTIAL FOR INCOME TAX EXPOSURE FROM UNRELATED BUSINESS INCOME OR FROM LOSS OF NONPROFIT STATUS. THE FOUNDATION CONTINUES TO OPERATE CONSISTENT WITH ITS ORIGINAL EXEMPTION APPLICATION AND EACH YEAR TAKES THE NECESSARY ACTIONS TO MAINTAIN ITS EXEMPT STATUS. IT HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. IN COMPLIANCE WITH ITS EXEMPT STATUS, THE FOUNDATION ANNUALLY FILES A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990). PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 47,753. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 47,753. WINE DINNER 171511 157756 13755 34380 72356 RUNWAY FOR HOPE 109391 90641 18750 20505 52751 3 7969 7969 288871 256366 32505 54885 125107 179992 -147487 1 TO PROVIDE THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES 297 173245 LEERYAN CORPORATION DBA HOPE CHEST FOR BREAST CANCER RESALE SHOP S-CORPORATION OWNED BY BOARD MEMBER OF ORGANIZATION 72226 THE FOUNDATION HAS A MANAGEMENT AGREEMENT WITH LEERYAN CORPORATION TO PURCHASE ITEMS OF CLOTHING, FURNITURE, HOUSEHOLD FURNISHINGS AND ACCESSORIES THAT ARE DONATED TO THE FOUNDATION WHICH MEET SPECIFIED STANDARDS. THE CORPORATION OPERATES THE RETAIL STORE WHERE THE DONATED PROPERTY IS SOLD. THE MANAGEMENT AGREEMENT REQUIRES THE MANAGEMENT COMPANY TO PAY THE FOUNDATION AN AMOUNT EQUAL TO THE SALES LESS REASONABLE COMPENSATION FOR SERVICES PROVIDED BY THE MANAGEMENT COMPANY. THE AMOUNT EARNED BY THE FOUNDATION MAY NOT BE LESS THAN 15% OF DONATED INVENTORY SALES AND 5% OF PURCHASED INVENTORY SALES FROM THE RETAIL STORE. 0 LEERYAN CORPORATION DBA HOPE CHEST FOR BREAST CANCER RESALE SHOP S-CORPORATION OWNED BY BOARD MEMBER OF ORGANIZATION 1300000 THE FOUNDATION PURCHASED BOTH THE BUILDING AND THE RESALE SHOP BUSINESS FROM LEERYAN CORPORATION IN 2024. 0 X AUCTION DONATIONS 101 47753 RESALE VALUE 0 0 0 FORM 990, PART III, LINE 2 STORE PROGRAM - WE PURCHASED THE RESALE SHOP/BUILDING AND OPERATING THAT AS A NEW PROGRAM UNDER THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD TREASURER AND A SUBSET OF BOARD MEMBERS. THEY REVIEW AND DISCUSS QUESTIONS, PRIOR TO APPROVING THE 990 FOR SUBMISSION. THE FULL BOARD RECEIVES A COPY WHEN IT IS PRESENTED AT THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ENFORCES COMPLIANCE AS DISCUSSIONS AND VOTES ARE BEING CALLED THAT MIGHT BE IMPACTED. EACH BOARD MEMBER SIGNS AN ANNUAL CONFLICT OF INTEREST FORM AND NOTES ANY POTENTIAL CONFLICTS, IF APPLICABLE. THE EXECUTIVE DIRECTOR MAINTAINS THE FILE OF THESE CONFLICT OF INTEREST FORMS. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE APPROVED AS PART OF THE YEARLY BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.