Civic Intelligence

Mount Hope Learning Center

990 • Fiscal year 2018 • EIN 05-0502405

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

140 Cypress StreetProvidence, RI 02906

(401) 455-8875

Siviq Scores

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

Liabilities / Assets

86th percentile

0.28x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.23x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

95th percentile

$64,469

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 14.2% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

77th percentile

28%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

6.8%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$372,177

Up $81,703 (+28%) from 2017

Net Assets

Up

$266,222

Up $65,430 (+33%) from 2017

Liabilities

Up

$105,955

Up $16,273 (+18%) from 2017

Revenue

Up

$452,508

Up $28,712 (+6.8%) from 2017

Expenses

Up

$387,079

Up $33,578 (+9.5%) from 2017

Net Income

Down

$65,429

Down $4,866 (-6.9%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $247,341Liabilities 2011: $35,747Net Assets 2011: $211,5942011Assets 2012: $304,606Liabilities 2012: $132,505Net Assets 2012: $172,1012012Assets 2013: $271,150Liabilities 2013: $118,202Net Assets 2013: $152,9482013Assets 2014: $196,780Liabilities 2014: $126,218Net Assets 2014: $70,5622014Assets 2015: $190,773Liabilities 2015: $127,428Net Assets 2015: $63,3452015Assets 2016: $238,090Liabilities 2016: $107,593Net Assets 2016: $130,4972016Assets 2017: $290,474Liabilities 2017: $89,682Net Assets 2017: $200,7922017Assets 2018: $372,177Liabilities 2018: $105,955Net Assets 2018: $266,2222018Assets 2019: $439,047Liabilities 2019: $97,286Net Assets 2019: $341,7612019Assets 2020: $381,651Liabilities 2020: $98,330Net Assets 2020: $283,3212020Assets 2021: $370,015Liabilities 2021: $109,005Net Assets 2021: $261,0102021Assets 2022: $579,155Liabilities 2022: $243,796Net Assets 2022: $335,3592022Assets 2023: $533,014Liabilities 2023: $99,340Net Assets 2023: $433,6742023Assets 2024: $759,604Liabilities 2024: $178,555Net Assets 2024: $581,0492024

Highlighted filing

2018

Assets$372,177
Liabilities$105,955
Net Assets$266,222

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $470,2142011Expenses 2012: $396,9402012Revenue 2013: $361,697Expenses 2013: $380,850Net Income 2013: -$19,1532013Revenue 2014: $260,860Expenses 2014: $350,915Net Income 2014: -$90,0552014Revenue 2015: $301,724Expenses 2015: $303,941Net Income 2015: -$2,2172015Revenue 2016: $381,137Expenses 2016: $313,985Net Income 2016: $67,1522016Revenue 2017: $423,796Expenses 2017: $353,501Net Income 2017: $70,2952017Revenue 2018: $452,508Expenses 2018: $387,079Net Income 2018: $65,4292018Revenue 2019: $461,241Expenses 2019: $385,702Net Income 2019: $75,5392019Revenue 2020: $242,792Expenses 2020: $301,232Net Income 2020: -$58,4402020Revenue 2021: $206,408Expenses 2021: $228,719Net Income 2021: -$22,3112021Revenue 2022: $478,068Expenses 2022: $403,719Net Income 2022: $74,3492022Revenue 2023: $427,441Expenses 2023: $326,128Net Income 2023: $101,3132023Revenue 2024: $532,978Expenses 2024: $393,039Net Income 2024: $139,9392024

Highlighted filing

2018

Revenue$452,508
Expenses$387,079
Net Income$65,429
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$452,508
Mission and Program Overview

Mission

The mission of the Mount Hope

The mission of the Mount Hope Learning Center is to provide a safe environment in which the children and adults of the community can learn skills that will enable them to enhance their quality of life and have more productive futures.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$139,437$138,034▼ $1,403
Cash and Non-Interest-Bearing Accounts$101,853$128,521▲ $26,668
Savings and Temporary Cash Investments$20,020$64,272▲ $44,252
Pledges and Grants Receivable$23,851$38,643▲ $14,792
Prepaid Expenses and Deferred Charges$5,313$2,707▼ $2,606
Total Assets$290,474$372,177▲ $81,703
Liabilities
Mortgage Notes Payable Secured by Investment Property$85,231$81,742▼ $3,489
Accounts Payable and Accrued Expenses$4,450$24,213▲ $19,763
Total Liabilities$89,681$105,955▲ $16,274
Net Assets / Fund Balance
Unrestricted Net Assets$200,793$266,222▲ $65,429
Total Net Assets Fund Balance$200,793$266,222▲ $65,429
Total Liabilities and Net Assets / Fund Balance$290,474$372,177▲ $81,703

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$129,385$89,890$219,275
Equipment$3,649$20,424$24,073
Land$5,000-$5,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Toni Marie Roderick-GomesExecutive DirectorFT$60,000$4,469$64,469

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$366,796
Program Service Revenue
$76,842
Investment Income
$36
Other Revenue
$8,834
All Other Contributions
$26,792
Change in Net Assets
$65,429
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$297,275
Other Expenses$89,804
Total Fundraising Expense$12,538
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$185,776$16,834-$202,610
Current Officers, Directors, Trustees, and Key Employees$45,550$9,536$9,383$64,469
Payroll Taxes$23,761$1,890$1,350$27,001
Fees for Services Other$9,171$6,897-$16,068
Insurance$11,935$949$678$13,562
All Other Expenses$7,640$627$341$8,608
Occupancy$6,799$542$386$7,727
Interest-$7,258-$7,258
Depreciation Depletion$4,549$402$287$5,238
Other Employee Benefits$3,195--$3,195
Other Expenses$3,248$2,702-$2,702
Office Expenses$1,997$159$113$2,269
Total Functional Expenses$326,745$47,796$12,538$387,079
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,834
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Executive Director reviews Form 990 prior to filing. Form 990 is then made available to board members for their review.

Form 990, Part VI, Section B, line 12C

Potential conflicts of interest are discussed annually and recorded in the board meeting minutes, if any exist.

Form 990, Part VI, Section B, line 15A

The Board of Directors deliberates and decides the amount of the Executive Director's compensation annually. The deliberations and discussions are evidenced by contemporaneous board meeeting minutes.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy or financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
Mount Hope Learning Center
EIN
05-0502405
Phone
4014558875
Address
140 Cypress Street, Providence, RI 02906

Signing Officer

Name
MJ Daly
Title
Executive Director
Phone
4014558875
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MJ Daly
Formed
1998
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
24
Volunteers
10

Preparer

Firm
Aaronson Lavoie Streitfeld Diaz & Co PC
Address
1604 Broad Street, Cranston, RI 02905
Preparer
Denise M Lavoie CPA
Phone
4012230205
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

Mount Hope Learning Center is a Rhode Island nonprofit corporation exempt from income taxes as a public charity under Section 501(c)(3) of the Internal Revenue Code. Other significant tax positions include its determination of whether any amounts are subject to unrelated business income tax (UBIT). Management has determined the Center had no activities subject to UBIT in the year ended June 30, 2018. All significant tax positions have been considered by management and it has determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities.

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IRS990/Desc0After school programs serve more than 100 children in grades K to 5 on a daily basis throughout the year. Programs offered include academic-based enrichment classes, homework help, one on one tutoring and other enrichment classes such as martial arts, fine arts and tennis.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Lorraine Lalli
IRS990/Form990PartVIISectionAGrp/PersonNm2Stacy Couto
IRS990/Form990PartVIISectionAGrp/PersonNm3Phil Oliviera
IRS990/Form990PartVIISectionAGrp/PersonNm4Wilmette Santos
IRS990/Form990PartVIISectionAGrp/PersonNm5Mary Shawcross
IRS990/Form990PartVIISectionAGrp/PersonNm6Jana Hesser
IRS990/Form990PartVIISectionAGrp/PersonNm7Sylvia Ann Soares
IRS990/Form990PartVIISectionAGrp/PersonNm8Andrew Caslowitz
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013070
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0278594
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016
IRS990/PYOtherExpensesAmt079514
IRS990/PYOtherRevenueAmt010326
IRS990/PYProgramServiceRevenueAmt0134860
IRS990/PYRevenuesLessExpensesAmt070295
IRS990/PYSalariesCompEmpBnftPaidAmt0273987
IRS990/PYTotalExpensesAmt0353501
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0423796
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt065429
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt076842
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020020
IRS990/SavingsAndTempCashInvstGrp/EOYAmt064272
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0366796
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0278594
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0302908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0233294
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0194252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01375844
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt036
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt046
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0107
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0520143
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01923
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt014078
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0169
IRS990ScheduleA/OtherIncome170Grp/TotalAmt016170
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98830
IRS990ScheduleA/PublicSupportPY170Pct00.98750
IRS990ScheduleA/PublicSupportTotal170Amt01375844
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0366796
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0278594
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0302908
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0233294
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0194252
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01375844
IRS990ScheduleA/TotalSupportAmt01392121
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0129385
IRS990ScheduleD/BuildingsGrp/DepreciationAmt089890
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0219275
IRS990ScheduleD/EquipmentGrp/BookValueAmt03649
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020424
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024073
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Mount Hope Learning Center is a Rhode Island nonprofit corporation exempt from income taxes as a public charity under Section 501(c)(3) of the Internal Revenue Code. Other significant tax positions include its determination of whether any amounts are subject to unrelated business income tax (UBIT). Management has determined the Center had no activities subject to UBIT in the year ended June 30, 2018. All significant tax positions have been considered by management and it has determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0138034
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Executive Director reviews Form 990 prior to filing. Form 990 is then made available to board members for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Potential conflicts of interest are discussed annually and recorded in the board meeting minutes, if any exist.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors deliberates and decides the amount of the Executive Director's compensation annually. The deliberations and discussions are evidenced by contemporaneous board meeeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, conflict of interest policy or financial statements are not available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0290474
IRS990/TotalAssetsEOYAmt0372177
IRS990/TotalAssetsGrp/BOYAmt0290474
IRS990/TotalAssetsGrp/EOYAmt0372177
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0366796
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012538
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047796
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0326745
IRS990/TotalFunctionalExpensesGrp/TotalAmt0387079
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt089681
IRS990/TotalLiabilitiesEOYAmt0105955
IRS990/TotalLiabilitiesGrp/BOYAmt089681
IRS990/TotalLiabilitiesGrp/EOYAmt0105955
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0200793
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0266222
IRS990/TotalOtherCompensationAmt04469
IRS990/TotalProgramServiceExpensesAmt0326745
IRS990/TotalProgramServiceRevenueAmt076842
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt08870
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt076842
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0452508
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0290474
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0372177
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0200793
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0266222
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0140 Cypress Street
IRS990/USAddress/CityNm0Providence
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002906
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0mthopelc.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.60$1.79$5.81$5.33$3.93$1.40
2023Detailed filing. Detailed filing data is available for this year.$5.33$0.99$4.34$4.27$3.26$1.01
2022Detailed filing. Detailed filing data is available for this year.$5.79$2.44$3.35$4.78$4.04$0.74
2021Detailed filing. Detailed filing data is available for this year.$3.70$1.09$2.61$2.06$2.29$0.22
2020Detailed filing. Detailed filing data is available for this year.$3.82$0.98$2.83$2.43$3.01$0.58
2019Detailed filing. Detailed filing data is available for this year.$4.39$0.97$3.42$4.61$3.86$0.76
2018Detailed filing. Detailed filing data is available for this year.$3.72$1.06$2.66$4.53$3.87$0.65
2017Detailed filing. Detailed filing data is available for this year.$2.90$0.90$2.01$4.24$3.54$0.70
2016Detailed filing. Detailed filing data is available for this year.$2.38$1.08$1.30$3.81$3.14$0.67
2015Detailed filing. Detailed filing data is available for this year.$1.91$1.27$0.63$3.02$3.04$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.97$1.26$0.71$2.61$3.51$0.90
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$1.18$1.53$3.62$3.81$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$1.33$1.72$3.97
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.36$2.12$4.70