Civic Intelligence

Project Have Hope Inc.

990 • Fiscal year 2018 • EIN 20-8871117

Jan 01, 2018 to Dec 31, 2018 • Filed on May 02, 2019

Organization Profileprojecthavehope.org
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

78th percentile

0.10x

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

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

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

32nd percentile

-3.9%

Higher net margin than 32% of similar nonprofits.

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

Top Officer Pay

90th percentile

$42,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 31.5% of source-year revenue.

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

Asset Growth

27th percentile

-12%

Faster asset growth than 27% of similar nonprofits.

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

Revenue Growth

44th percentile

-2.5%

Faster revenue growth than 44% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$33,763

Down $4,792 (-12%) from 2017

Net Assets

Down

$30,450

Down $5,219 (-15%) from 2017

Liabilities

Up

$3,313

Up $427 (+15%) from 2017

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin32nd percentile

Revenue

Down

$133,249

Down $3,416 (-2.5%) from 2017

Expenses

Up

$138,468

Up $4,276 (+3.2%) from 2017

Net Income

Down

-$5,219

Down $7,692 (-311%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

2018

Assets$33,763
Liabilities$3,313
Net Assets$30,450
Open 2018 Filing

Operations Trend

Revenue Growth44th percentile

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

2018

Revenue$133,249
Expenses$138,468
Net Income-$5,219
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 2, 2019
Return Version
2018v3.1
Gross Receipts
$198,530
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$38,555$33,763▼ $4,792
Total Assets$38,555$33,763▼ $4,792
Liabilities
Accounts Payable and Accrued Expenses$2,886$3,313▲ $427
Total Liabilities$2,886$3,313▲ $427
Net Assets / Fund Balance
Unrestricted Net Assets$35,669$30,450▼ $5,219
Total Net Assets Fund Balance$35,669$30,450▼ $5,219
Total Liabilities and Net Assets / Fund Balance$38,555$33,763▼ $4,792
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

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

Board Members and Trustees

NameTitle
Agnes PortlalewskaBoard Member
Lisa LucianoSecretaryclerk
Anna CiullaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,442
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$80,807
Change in Net Assets
$-5,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$80,700
Salaries, Compensation, and Employee Benefits$45,255
Other Expenses$12,513
Total Fundraising Expense$7,266
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$80,700--$80,700
Current Officers, Directors, Trustees, and Key Employees$31,500$6,300$4,200$42,000
Payroll Taxes$2,441$488$326$3,255
Information Technology$2,497$36-$2,533
Other Expenses$1,469$401$1,014$2,483
Office Expenses--$1,543$1,543
Advertising$970--$970
Fees for Services Accounting-$900-$900
Fees for Services Other-$500-$500
Insurance-$425-$425
All Other Expenses-$109-$109
Total Functional Expenses$121,408$9,794$7,266$138,468
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 Found
Phone
3392064626
Signed
2019-05-02
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
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
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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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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Schedule F, Part I, Line 2: All monies granted to charitable organizations will be monitored through accepted accounting practices. No charitable organization will receive additional funding until a full and detailed reporting of previous grants has been received, reviewed and approved by the Foundations Board of Directors to ensure that monies granted are used for the purposes that they are intended. In addition, periodically, board members conduct a visit to the foreign organizations to ensure that the funds donated are being used properly.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1VOCATIONAL PROJECT:Project Have Hope provides a variety of vocational training through local schools for women who wish to continue their studies or learn specific skills. Courses vary according to a womans particular interests. To date, courses have included catering, hairstyling and salon management, tailoring, knitting, computer and general office skills studies, and drivers education SCHOOL FEES/ CHILD SPONSORSHIP:Project Have Hope currently sponsors over 100 children and teenagers ranging from age 5 to 21. Project Have Hope enrolls children in day schools and boarding schools in order to best suit the individual needs of children and their families. The two day schools, Good Daddy and Kireka Hill, are among the best performing schools in the country. The two boarding schools, St. Kizito and St. John Bosco, are high quality Catholic schools in the area. Project Have Hope has no religious affiliation nor does it promote particular religious beliefs; all of the schools we work with have been chosen for the quality of education they provide. All four schools encourage academic excellence and have a diverse student body.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Use of grant monitoring procedures (Part I, line 2)
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1General Explanation Attachment
IRS990ScheduleF/Total501c3OrgCnt02
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/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
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt033763
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IRS990/TotalContributionsAmt052442
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07266
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09794
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121408
IRS990/TotalFunctionalExpensesGrp/TotalAmt0138468
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02886
IRS990/TotalLiabilitiesEOYAmt03313
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt030450
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0121408
IRS990/TotalReportableCompFromOrgAmt042000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt080807
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0133249
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt038555
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033763
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IRS990/WebsiteAddressTxt0projecthavehope.org
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ReturnHeader/BuildTS02020-01-14 16:20:31Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN SPARACIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT FOUND
ReturnHeader/BusinessOfficerGrp/PhoneNum03392064626
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-02
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId03F32101032E160E6A2CA19266E00DF59511B13FC
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-10-22
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.217.9.124
ReturnHeader/FilingSecurityInformation/IPDt02019-10-22
ReturnHeader/FilingSecurityInformation/IPTm009:25:47
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/PreparationDt02019-10-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John M Monticone CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-10-19T14:17:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,763
Liabilities
$3,313
Net assets
$30,450
Revenue
$133,249
Expenses
$138,468
Net income
-$5,219
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