Civic Intelligence

Project Have Hope Inc.

990 • Fiscal year 2015 • EIN 20-8871117

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 15, 2016

92 Hancock StreetMalden, MA 02148

(339) 206-4626

Siviq Scores

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

Liabilities / Assets

80th percentile

0.15x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

56th percentile

5.9%

Higher net margin than 56% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

90th percentile

$42,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 22.4% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

89th percentile

83%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

87th percentile

54%

Faster revenue growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$29,778

Up $13,517 (+83%) from 2014

Net Assets

Up

$25,194

Up $11,081 (+79%) from 2014

Liabilities

Up

$4,584

Up $2,436 (+113%) from 2014

Revenue

Up

$187,513

Up $65,903 (+54%) from 2014

Expenses

Up

$176,432

Up $53,044 (+43%) from 2014

Net Income

Up

$11,081

Up $12,859 (+723%) from 2014

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2011: $30,027Liabilities 2011: $3,1932011Assets 2012: $50,558Liabilities 2012: $2,3622012Assets 2013: $18,012Liabilities 2013: $2,121Net Assets 2013: $15,8912013Assets 2014: $16,261Liabilities 2014: $2,148Net Assets 2014: $14,1132014Assets 2015: $29,778Liabilities 2015: $4,584Net Assets 2015: $25,1942015Assets 2016: $33,196Liabilities 2016: $0Net Assets 2016: $33,1962016Assets 2017: $38,555Liabilities 2017: $2,886Net Assets 2017: $35,6692017Assets 2018: $33,763Liabilities 2018: $3,313Net Assets 2018: $30,4502018Assets 2019: $32,029Liabilities 2019: $3,048Net Assets 2019: $28,9812019Assets 2020: $34,583Liabilities 2020: $4,067Net Assets 2020: $30,5162020Assets 2021: $29,310Liabilities 2021: $3,641Net Assets 2021: $25,6692021Assets 2022: $29,345Liabilities 2022: $115Net Assets 2022: $29,2302022Assets 2023: $40,961Liabilities 2023: $0Net Assets 2023: $40,9612023Assets 2024: $43,427Liabilities 2024: $7,997Net Assets 2024: $35,4302024

Highlighted filing

2015

Assets$29,778
Liabilities$4,584
Net Assets$25,194

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $108,757Expenses 2011: $105,488Net Income 2011: $3,2692011Revenue 2012: $140,613Expenses 2012: $119,251Net Income 2012: $21,3622012Revenue 2013: $94,505Expenses 2013: $126,810Net Income 2013: -$32,3052013Revenue 2014: $121,610Expenses 2014: $123,388Net Income 2014: -$1,7782014Revenue 2015: $187,513Expenses 2015: $176,432Net Income 2015: $11,0812015Revenue 2016: $143,248Expenses 2016: $135,246Net Income 2016: $8,0022016Revenue 2017: $136,665Expenses 2017: $134,192Net Income 2017: $2,4732017Revenue 2018: $133,249Expenses 2018: $138,468Net Income 2018: -$5,2192018Revenue 2019: $123,838Expenses 2019: $125,308Net Income 2019: -$1,4702019Revenue 2020: $94,866Expenses 2020: $93,331Net Income 2020: $1,5352020Revenue 2021: $135,607Expenses 2021: $140,454Net Income 2021: -$4,8472021Revenue 2022: $152,530Expenses 2022: $148,969Net Income 2022: $3,5612022Revenue 2023: $135,479Expenses 2023: $123,748Net Income 2023: $11,7312023Revenue 2024: $149,773Expenses 2024: $155,304Net Income 2024: -$5,5312024

Highlighted filing

2015

Revenue$187,513
Expenses$176,432
Net Income$11,081
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.1
Gross Receipts
$237,073
Mission and Program Overview

Mission

Project have hope seeks to empower women

Project Have Hope seeks to empower women in the Acholi Quarter of Uganda by providing education to both women and their children and assisting the women to establish business oportunities to promote economic stability and sustainability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,261$26,778▲ $10,517
Total Assets$16,261$29,778▲ $13,517
Other Assets Total-$3,000-
Liabilities
Accounts Payable and Accrued Expenses$2,148$4,584▲ $2,436
Total Liabilities$2,148$4,584▲ $2,436
Net Assets / Fund Balance
Unrestricted Net Assets$14,113$25,194▲ $11,081
Total Net Assets Fund Balance$14,113$25,194▲ $11,081
Total Liabilities and Net Assets / Fund Balance$16,261$29,778▲ $13,517

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen SparacioPresident Founding DirectorFT$42,000$42,000

Board Members and Trustees

NameTitle
Anna CiullaVice President
Agnes PortlalewskaBoard Member
Sue LynchBoard Member
Lisa LucianoSecretaryclerk
Revenue and Support

Revenue Composition

Contributions and Grants
$112,070
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$75,443
All Other Contributions
$112,070
Change in Net Assets
$11,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$113,770
Salaries, Compensation, and Employee Benefits$45,255
Other Expenses$17,407
Total Fundraising Expense$6,267
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$113,770--$113,770
Current Officers, Directors, Trustees, and Key Employees$31,500$6,300$4,200$42,000
Fees for Services Other$7,100--$7,100
Payroll Taxes$2,441$488$326$3,255
Information Technology$1,800-$946$2,746
Other Expenses$1,175$235$157$1,567
Advertising$701$50$529$1,280
Office Expenses$823$165$109$1,097
Fees for Services Accounting-$975-$975
Insurance-$425-$425
All Other Expenses-$205-$205
Total Functional Expenses$159,310$10,855$6,267$176,432
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Backup withholding compliance
Yes
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

Committee meeting documentation Part VI line 8B

No committee has the authority to act on behalf of the governing body.

Form 990 governing body review Part VI line 11

The President along with the Board of Directors review the 990 form before this form is filed.

Conflict of interest policy compliance Part VI line 12C

The organization requires each new key employee, officer or director to review a copy of the Policy on Conflicts of Interest and Disclosure of Certain Interest and to acknowledge in writing that he or she has done so. Additionally, each key employee, officer or director, annually complete a disclosure form identifying any relationships, positions or circumstances in which the employee is involved that he or she believes could contribute to a conflict of interest arising.

CEO executive director top management comp Part VI line 15A

The board of directors establishes the compensation of the organizations president and founding director, who, in her staff position, ran the day-to-day operations of the Organization. The board of directors establishes this compensation package within the range of organizations similar in size and scope of Project Have Hope.

Governing documents etc available to public Part VI line 19

Form 990, governing documents, conflict of interest policy and financial statements are available for public inspection, upon request, at 92 Hancock Street,Malden, MA 02148

Filing and Contact Details

Filer

Filer Name
Project Have Hope Inc
EIN
20-8871117
Address
92 Hancock Street, Malden, MA 02148

Signing Officer

Name
Karen Sparacio
Title
President
Phone
3392064626
Signed
2016-08-15
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
5

Preparer

Firm
John M Monticone CPA
Address
5 High Street Suite 207, Medford, MA 02155
Preparer
John M Monticone CPA
Phone
7813950024
Supplemental Narrative

Additional Explanations

Significant program services not listed on prior year return Part III line 2

Creamland Safe-Classroom Project aims to transform Creamland Primary Schools current seven primary school classroom spaces into safe, long-lasting classrooms which cater directly to the needs of the students who make these rooms come alive. New and durable furniture, including combined desks and benches and classroom cupboard, will be constructed to meet the needs of the growing student body. A new library have been constructed and furnished with two locking cupboards and four floor-to-ceiling wooden book shelves for organizing the books. The room is complete with several custom-made wooden tables and cushioned benches to provide space for kids to read, study, and have meetings.

General explanation attachment

Claim in Progress $3,000: This was a fraudulent credit card charge that was recovered by the organization on April 27, 2016.

Raw XML Appendix393 raw XML fields

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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IRS990ScheduleA/PublicSupportPY509Pct00.99000
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt010000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0186603
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0157596
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0198817
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0187014
IRS990ScheduleA/Total509Grp/TotalAmt0902585
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0198817
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0187014
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0902585
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Claim in Progress See SchO
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03000
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0113770
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire Transfers
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Improve current condition of the school
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0Book
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Strategic plans and budgets are submitted by Grant Recipients in Acholi Quarter of Uganda for review of Project Have Hopes board of directors.Project Have Hope requires written annual reports from the grant recipients upon the use of the funds. The Organizations President travels to Uganda annually for review of the work covered by the grants.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Use of grant monitoring procedures (Part I, line 2)
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No committee has the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The President along with the Board of Directors review the 990 form before this form is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization requires each new key employee, officer or director to review a copy of the Policy on Conflicts of Interest and Disclosure of Certain Interest and to acknowledge in writing that he or she has done so. Additionally, each key employee, officer or director, annually complete a disclosure form identifying any relationships, positions or circumstances in which the employee is involved that he or she believes could contribute to a conflict of interest arising.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board of directors establishes the compensation of the organizations president and founding director, who, in her staff position, ran the day-to-day operations of the Organization. The board of directors establishes this compensation package within the range of organizations similar in size and scope of Project Have Hope.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990, governing documents, conflict of interest policy and financial statements are available for public inspection, upon request, at 92 Hancock Street,Malden, MA 02148
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Creamland Safe-Classroom Project aims to transform Creamland Primary Schools current seven primary school classroom spaces into safe, long-lasting classrooms which cater directly to the needs of the students who make these rooms come alive. New and durable furniture, including combined desks and benches and classroom cupboard, will be constructed to meet the needs of the growing student body. A new library have been constructed and furnished with two locking cupboards and four floor-to-ceiling wooden book shelves for organizing the books. The room is complete with several custom-made wooden tables and cushioned benches to provide space for kids to read, study, and have meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Claim in Progress $3,000: This was a fraudulent credit card charge that was recovered by the organization on April 27, 2016.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Significant program services not listed on prior year return Part III line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6General explanation attachment
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IRS990/StatesWhereCopyOfReturnIsFldCd0MA
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalContributionsAmt0112070
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06267
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010855
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159310
IRS990/TotalFunctionalExpensesGrp/TotalAmt0176432
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02148
IRS990/TotalLiabilitiesEOYAmt04584
IRS990/TotalLiabilitiesGrp/BOYAmt02148
IRS990/TotalLiabilitiesGrp/EOYAmt04584
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt025194
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0401
IRS990/TotalOtherProgSrvcGrantAmt0300
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IRS990/TotalReportableCompFromOrgAmt042000
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt075443
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0187513
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IRS990/TotalVolunteersCnt05
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt014113
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0projecthavehope.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN SPARACIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03392064626
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Project Have Hope Inc
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0208871117
ReturnHeader/Filer/USAddress/AddressLine1Txt092 Hancock Street
ReturnHeader/Filer/USAddress/CityNm0Malden
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002148
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042666565
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0John M Monticone CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05 High Street Suite 207
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Medford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002155
ReturnHeader/PreparerPersonGrp/PhoneNum07813950024
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John M Monticone CPA
ReturnHeader/ReturnTs02016-10-17T16:21:47-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.08$0.35$1.50$1.55$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$1.35$1.24$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$1.53$1.49$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.29$0.04$0.26$1.36$1.40$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.04$0.31$0.95$0.93$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.32$0.03$0.29$1.24$1.25$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.34$0.03$0.30$1.33$1.38$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.03$0.36$1.37$1.34$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$1.43$1.35$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.05$0.25$1.88$1.76$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.16$0.02$0.14$1.22$1.23$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.02$0.16$0.95$1.27$0.32
2012Summary only. Only limited summary data is available for this year.$0.51$0.02$1.41$1.19$0.21
2011Summary only. Only limited summary data is available for this year.$0.30$0.03$1.09$1.05$0.03