Civic Intelligence

Mount Hope Learning Center

990 • Fiscal year 2023 • EIN 05-0502405

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

75th percentile

0.19x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

78th percentile

0.23x

Higher debt load relative to revenue than 78% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$60,950

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

21st percentile

-8.0%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-11%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$533,014

Down $46,141 (-8.0%) from 2022

Net Assets

Up

$433,674

Up $98,315 (+29%) from 2022

Liabilities

Down

$99,340

Down $144,456 (-59%) from 2022

Revenue

Down

$427,441

Down $50,627 (-11%) from 2022

Expenses

Down

$326,128

Down $77,591 (-19%) from 2022

Net Income

Up

$101,313

Up $26,964 (+36%) from 2022

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

2023

Assets$533,014
Liabilities$99,340
Net Assets$433,674

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

2023

Revenue$427,441
Expenses$326,128
Net Income$101,313
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$430,036
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
Cash and Non-Interest-Bearing Accounts$374,849$299,226▼ $75,623
Land, Buildings, and Equipment, Net$115,868$106,633▼ $9,235
Pledges and Grants Receivable$22,700$66,403▲ $43,703
Savings and Temporary Cash Investments$60,193$60,223▲ $30
Prepaid Expenses and Deferred Charges$5,545$529▼ $5,016
Total Assets$579,155$533,014▼ $46,141
Liabilities
Mortgage Notes Payable Secured by Investment Property$63,966$58,940▼ $5,026
Deferred Revenue$166,041$28,697▼ $137,344
Accounts Payable and Accrued Expenses$13,789$11,703▼ $2,086
Total Liabilities$243,796$99,340▼ $144,456
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$335,359$433,674▲ $98,315
Total Net Assets Fund Balance$335,359$433,674▲ $98,315
Total Liabilities and Net Assets / Fund Balance$579,155$533,014▼ $46,141

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$62,359$69,960$132,319
Buildings$39,274$47,682$86,956
Equipment$0$24,427$24,427
Land$5,000-$5,000
Other Land Buildings$0$4,198$4,198
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mary-Jeanne DalyExecutive DirectorFT$55,540$5,410$60,950

Board Members and Trustees

NameTitle
Leonard LongPresident
Lorraine LalliVice President
Andrew CaslowitzMember
Jana HesserMember
Sylvia Ann SoaresMember
Wilmette SantosMember
Stacy CoutoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$235,130
Program Service Revenue
$182,046
Investment Income
$33
Other Revenue
$10,232
All Other Contributions
$81,160
Change in Net Assets
$101,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$177,375
Other Expenses$148,753
Total Fundraising Expense$1,814
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,761$7,892-$98,653
Current Officers, Directors, Trustees, and Key Employees$51,097$4,443-$55,540
Fees for Services Accounting-$28,800-$28,800
Payroll Taxes$15,608$1,357-$16,965
Insurance$14,048$1,615$484$16,147
Occupancy$6,242$718$215$7,175
Depreciation Depletion$5,426$624$187$6,237
Other Employee Benefits$5,720$497-$6,217
Fees for Services Other$2,952$2,476$64$5,492
All Other Expenses$4,522$742$63$5,327
Other Expenses$3,255$283$213$3,751
Interest-$3,077-$3,077
Office Expenses$1,026$118$35$1,179
Travel$121--$121
Advertising$105--$105
Total Functional Expenses$266,692$57,622$1,814$326,128
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,827
Fundraising Direct Expenses$2,595
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
No
Annual disclosure for covered persons
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
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
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MJ Daly
Formed
1998
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
7
Employees
19
Volunteers
0

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, 2019. 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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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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IRS990/PYOtherExpensesAmt0225563
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0161091
IRS990/PYRevenuesLessExpensesAmt074349
IRS990/PYSalariesCompEmpBnftPaidAmt0178156
IRS990/PYTotalExpensesAmt0403719
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0478068
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0101313
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt092843
IRS990/SavingsAndTempCashInvstGrp/BOYAmt060193
IRS990/SavingsAndTempCashInvstGrp/EOYAmt060223
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0235130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0316950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0185933
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt082670
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0376514
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01197197
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt033
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt063
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt062
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0252
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0611342
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99980
IRS990ScheduleA/PublicSupportPY170Pct00.99980
IRS990ScheduleA/PublicSupportTotal170Amt01197197
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0235130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0316950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0185933
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt082670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0376514
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01197197
IRS990ScheduleA/TotalSupportAmt01197449
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt039274
IRS990ScheduleD/BuildingsGrp/DepreciationAmt047682
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt086956
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024427
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024427
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt062359
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt069960
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0132319
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04198
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04198
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, 2019. 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/TotalBookValueLandBuildingsAmt0106633
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0579155
IRS990/TotalAssetsEOYAmt0533014
IRS990/TotalAssetsGrp/BOYAmt0579155
IRS990/TotalAssetsGrp/EOYAmt0533014
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0235130
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01814
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057622
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0266692
IRS990/TotalFunctionalExpensesGrp/TotalAmt0326128
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0243796
IRS990/TotalLiabilitiesEOYAmt099340
IRS990/TotalLiabilitiesGrp/BOYAmt0243796
IRS990/TotalLiabilitiesGrp/EOYAmt099340
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0335359
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0433674
IRS990/TotalOtherCompensationAmt05410
IRS990/TotalProgramServiceExpensesAmt0266692
IRS990/TotalProgramServiceRevenueAmt0182046
IRS990/TotalReportableCompFromOrgAmt055540
IRS990/TotalRevenueGrp/ExclusionAmt010265
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0182046
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0427441
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0579155
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0533014
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0121
IRS990/TravelGrp/TotalAmt0121
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0140 Cypress Street
IRS990/USAddress/CityNm0Providence
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002906
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0mthopelc.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02

Document Assets

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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