2019-10-29T11:25:16-05:00 2018-12-31 363990892 Capin Crouse LLP 2435 Research Parkway STE 200 Colorado Springs CO 80920 990 2018-01-01 453066179 Hope Haven Charitable Trust HOPE 7209001328 2417 N Perry Park Rd Sedalia CO 80135 Susan Hollern Founder and President 7209001328 2019-10-29 1 Ashley Peabody P01385870 7195286225 139.146.132.42 2019-10-29 12:23:06 ED P 8F5C02ABFA76CE7D5BE8C68F3EA55FA74EDB9001 7DBD349B1902045ABE0C28782C380169F8312932 2018 2019-02-21 02:37:17Z Susan Hollern 2417 N Perry Park Rd Sedalia CO 80135 1228782 0 X http://HopeHavenRwanda.org X 2011 CO We are providing education in a poor area in Rwanda. 10 10 8 30 0 0 1693706 1139890 0 0 -3747 5592 -67225 -58383 1622734 1087099 518877 920753 0 0 197906 265426 0 0 33040 146829 234260 863612 1420439 759122 -333340 1251337 2977177 21948 56029 1229389 2921148 Hope Haven Rwanda is transforming Rwandan families through a holistic approach to education and discipleship, actively demonstrating the love, hope and truth of Jesus Christ. 0 0 1224338 920753 0 Currently operating a school and permaculture program with future plans for vocational training for the people of Murindi, Rwanda. The school started as a preprimary school (3-6 years old) in 2012, and has expanded to serve preprimary through 7th grade. All grant dollars go directly to the Hope Haven school in Rwanda that is wholly-owned by Hope Haven Charitable Trust. 1224338 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 9 0 1 8 1 0 1 RW 0 0 0 1 1 0 0 0 0 0 0 X 10 10 1 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CO CT IL KY MA NY OH PA RI TN VA X X Michelle Jordan 7209001328 2417 N Perry Park Rd Sedalia CO 80135 Christine Bess Chair 5.00 X X 0 0 0 Susan Hollern Founder and President 20.00 X X 0 0 0 Mark Riley Secretary 5.00 X X 0 0 0 Kevin Hollern Treasurer 2.00 X X 0 0 0 John Deyoung Trustee 2.00 X 0 0 0 Ryan Ramey Trustee 2.00 X 0 0 0 Eric Parks Trustee 2.00 X 0 0 0 Dave Odling Trustee 2.00 X 0 0 0 Lynn Fisher Trustee 2.00 X 0 0 0 Steve Lavey Trustee 2.00 X 0 0 0 Jason Peters Chief Executive Officer 40.00 X 126475 0 0 126475 0 0 1 0 0 0 0 338335 801555 59406 1139890 1150 1150 57241 52799 4442 4442 4442 29510 338335 88884 -59374 -59374 991 991 991 1087099 0 0 -52791 920753 920753 126475 90430 25295 10750 108952 74406 30595 3951 12371 7421 2516 2434 17628 12236 4238 1154 30645 30645 54471 54471 39034 37083 947 1004 5555 5097 458 28325 12433 9823 6069 8264 2706 89 5469 57569 54277 1898 1394 6532 5000 1532 1200 1099 101 2665 1397 1012 256 1420439 1224338 163061 33040 X 31393 33366 1026489 663335 4288 3060 8947 3911 24250 1200 0 23050 180220 215771 2034684 1251337 2977177 21948 56029 21948 56029 X 463711 2091447 765678 829701 1229389 2921148 1251337 2977177 X -333340 -9585 2034684 0 X X 0 1 X 1 0 X 1410249 439813 910277 1693706 1139890 5593935 1410249 439813 910277 1693706 1139890 5593935 1667847 3926088 17 1009 3251 2998 1150 8425 4700 2800 34100 32135 30501 104236 5706596 0.68800 0.61920 X Schedule A, Part II, Line 10, Explanation of Other Income: Gross fundraising event fees - 2014 Amount: $ 4,700. 2015 Amount: $ 2,800. 2016 Amount: $ 34,100. 2017 Amount: $ 31,135. 2018 Amount: $ 29,510. Other income - 2017 Amount: $ 1,000. 2018 Amount: $ 991. 24250 1200 23050 23050 Investment in Hope Haven (R) Ltd 2034684 F 2034684 1 Sub-Saharan Africa 1 55 Grants to recipients in the region 920753 Sub-Saharan Africa 0 0 Program services Education and training 54277 Sub-Saharan Africa 0 0 Program related investments 2034684 1 55 0 0 1 55 3009714 0 3009714 Sub-Saharan Africa General support 806183 EFT 114570 electronic equipment, school supplies, school furniture FMV 0 1 1 0 1 0 0 0 Part I, Line 2: Hope Haven (R) LTD. is a Rwandan entity wholly owned by Hope Haven Charitable Trust. Funds are transferred to Hope Haven (R) for program expenditures for the charitable activity in Rwanda. All funds are used for the purpose of Hope Haven Charitable Trust expenditures and are controlled by the organization. Prior to awarding a grant, the CEO and accounting manager review budget-to-actual reports and compare to current bank balances. Furthermore, the CEO reviews detailed Hope Haven (R) LTD financial reports on a monthly balance and participates on the Hope Haven (R) board. Finally, the President, CEO, and accounting manager make site visits at least once per year to verify proper use of grant funds. Part I, line 3: The organization tracked expenditures in accordance with accrual basis of accounting using project reports. Dinner 367845 338335 29510 4650 24060 11124 49050 367845 338335 29510 4650 24060 11124 49050 88884 -59374 X 10506 FMV X 1 40422 FMV X Electronics 1 5169 FMV X Plane Tickets 1 2500 FMV X Photo Equipment 1 509 FMV X Used Computer 1 300 FMV 0 0 1 0 Part I, Column (b): The number of contributions reported is the number of contributions made, not the number of items contributed. Form 990, Part VI, Section A, line 2 Kevin Hollern and Susan Hollern have a family relationship. Form 990, Part VI, Section A, line 4 The Trust agreement was updated in 2018 as follows: -Limits placed on Trustor's power to remove trustees -Responsibilities of the President were outlined -Limits placed on the number of successive terms trustees can serve -Limit placed on the trustee's power to amend the Organization's central purpose Form 990, Part VI, Section A, line 7a In the event that any child or grandchild of Susan and Kevin Hollern wishes to serve on the Board of Trustees, he or she shall automatically be appointed to the Board of Trustees, subject to the Trustor's consent, regardless of the number of Trustees then serving. Provided, however, that, if fewer than a majority of the members of the Board of Trustees were Hollern Family Members at the time of such appointment, then such appointment shall not occur if it would result in a majority of the members of the Board of Trustees being Hollern Family Members. Form 990, Part VI, Section B, line 11b Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to electronic filing with the IRS. Form 990, Part VI, Section B, line 12c On an annual basis, all officers and board members review and sign a written document which requires them to disclose any conflicts of interest. The statements are reviewed by the President and CEO. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Form 990, Part VI, Section B, line 15a Line 15a - Compensation for officers is determined and voted on by the entire board of trustees. A description of the compensation determination process as well as the outcome of the deliberations is documented in the board minutes. Executive compensation is compared to industry benchmarks each year and is reviewed annually by the board. Line 15b - The organization does not compensate any other key employees. Therefore, this line was answered no in accordance with the instructions. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part X, Lines 27 - 29 In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 12/31/2018. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $2,091,447 Line 28 - Net assets with temporary restrictions 829,701 --------- Total net assets $2,921,148 Part XII, Line 2c The organization's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. Form 990, Part XI, Line 8 This adjustment represents HHCT's Investment in Rwanda, which was added to Form 990 during the current year. Hope Haven (R) LTD PO Box 2221 Kigali RW School RW Hope Haven Charitable Trust C 52701 2095264 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Hope Haven (R) LTD B 920753 grant amount Hope Haven (R) LTD O