Civic Intelligence

Project Have Hope Inc.

990EZ • Fiscal year 2019 • EIN 20-8871117

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 30, 2020

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.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.02x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

37th percentile

-1.2%

Higher net margin than 37% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$42,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 33.9% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

35th percentile

-5.1%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

38th percentile

-7.1%

Faster revenue growth than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$32,029

Down $1,734 (-5.1%) from 2018

Net Assets

Down

$28,981

Down $1,469 (-4.8%) from 2018

Liabilities

Down

$3,048

Down $265 (-8.0%) from 2018

Revenue

Down

$123,838

Down $9,411 (-7.1%) from 2018

Expenses

Down

$125,308

Down $13,160 (-9.5%) from 2018

Net Income

Up

-$1,470

Up $3,749 (+72%) from 2018

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

2019

Assets$32,029
Liabilities$3,048
Net Assets$28,981

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

2019

Revenue$123,838
Expenses$125,308
Net Income-$1,470
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 30, 2020
Return Version
2019v5.1
Gross Receipts
$176,670
Mission and Program Overview

Mission

Project have hope seeks to empower women

See schedule O

Program Services

DescriptionGrantsExpenses
School Fees/Child Sponsorship Program: Scholastic sponsorship is a connerstone of Project Have Hopes work. In 2015, 92 children benefited from school (contd in Sched. O)$57,300$98,117
Vocational Training: Project Have Hope believes that adequate skills training and development is necessary to expand the income generating potential (contd in Sched. O)$11,000$11,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KAREN SPARACIOPresident Founding DirectorFT$42,000-$42,000
LISA LUCIANOSecretaryclerk-$0--
ANNA CIULLATreasurer-$0--
AGNES PORTLALEWSKABoard Member-$0--
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
2020-09-30
Discuss with paid preparer
No

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

General explanation attachment

Form 990EZ, Part III, Line 1 - Organizations mission statement: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. Form 990EZ, Page 2, Part III, Line 4a- Program Service Accomplishments: (continued)sponsorship, two of who graduated and completed their secondary studies. Our sponsorship provides the tuition fees, room and board and a stipend for supplies for selected children of our artisans. Project Have Hope sponsors children through their graduation of secondary school at the S6 level so long as they maintain passable grades. Form 990EZ, page 2, Part III, line 4b, Program Service Accomplishements (continued)of its members. Studies have included tailoring, knitting, catering, hairstyling and salon management, computer skills training and drivers education.

List of grants and similar amounts paid Part I line 10

Activity SchoolFees/Child Sponsorship Program Grantee Acholi Quarter Street 1 Kireka Road City, Province, Country, Postal Kampala, UgandaRelationship None Amount 57,300Activity Vocational Studies Grantee Acholi Quarter Street 1 Kireka Road City, Province, Country, Postal Kampala, UgandaRelationship None Amount 11,000

Description of other expenses Part I line 16

Description AmountAdvertising 693Bank Service Charges 816Insurance 887Dues and Subscriptions 420Office expense 705Payroll Processing fees 1,898P.O. Rental 140Website expense 2,753Paypal fees 1,966

Description of total liabilities Part II line 26

Category Beginning of Year End of YearCredit card payable 3,312 3,048

Part III response or note to any other line in Part III

Form 990EZ, page 2, Part III,Line 28- Foreign GrantsVOCATIONAL PROJECT: $11,000Project 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. Form 990EZ, page 2, Part III, Line 28 SCHOOL FEES/ CHILD SPONSORSHIP: $57,30 - 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.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990EZ, Part III, Line 1 - Organizations mission statement: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. Form 990EZ, Page 2, Part III, Line 4a- Program Service Accomplishments: (continued)sponsorship, two of who graduated and completed their secondary studies. Our sponsorship provides the tuition fees, room and board and a stipend for supplies for selected children of our artisans. Project Have Hope sponsors children through their graduation of secondary school at the S6 level so long as they maintain passable grades. Form 990EZ, page 2, Part III, line 4b, Program Service Accomplishements (continued)of its members. Studies have included tailoring, knitting, catering, hairstyling and salon management, computer skills training and drivers education.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity SchoolFees/Child Sponsorship Program Grantee Acholi Quarter Street 1 Kireka Road City, Province, Country, Postal Kampala, UgandaRelationship None Amount 57,300Activity Vocational Studies Grantee Acholi Quarter Street 1 Kireka Road City, Province, Country, Postal Kampala, UgandaRelationship None Amount 11,000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearCredit card payable 3,312 3,048
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990EZ, page 2, Part III,Line 28- Foreign GrantsVOCATIONAL PROJECT: $11,000Project 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. Form 990EZ, page 2, Part III, Line 28 SCHOOL FEES/ CHILD SPONSORSHIP: $57,30 - 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.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part III response or note to any other line in Part III
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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