Civic Intelligence

Project Have Hope Inc.

990EZ • Fiscal year 2020 • EIN 20-8871117

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 15, 2021

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

76th percentile

0.12x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.04x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

44th percentile

1.6%

Higher net margin than 44% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

90th percentile

$42,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 44.3% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

56th percentile

8.0%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-23%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$34,583

Up $2,554 (+8.0%) from 2019

Net Assets

Up

$30,516

Up $1,535 (+5.3%) from 2019

Liabilities

Up

$4,067

Up $1,019 (+33%) from 2019

Revenue

Down

$94,866

Down $28,972 (-23%) from 2019

Expenses

Down

$93,331

Down $31,977 (-26%) from 2019

Net Income

Up

$1,535

Up $3,005 (+204%) from 2019

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

2020

Assets$34,583
Liabilities$4,067
Net Assets$30,516

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

2020

Revenue$94,866
Expenses$93,331
Net Income$1,535
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 15, 2021
Return Version
2020v4.1
Gross Receipts
$112,486
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)$26,000$69,296
Vocational Training: Project Have Hope believes that adequate skills training and development is necessary to expand the income generating potential (contd in Sched. O)$8,000$8,000
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
2021-10-15
Discuss with paid preparer
Yes

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 34,000Activity Vocational Studies Grantee Acholi Quarter Street 1 Kireka Road City, Province, Country, Postal Kampala, UgandaRelationship None

Description of other expenses Part I line 16

Description AmountAdvertising 3,019Bank Service Charges 845Insurance 425Dues and Subscriptions 486Office expense 212Payroll Processing fees 1,947P.O. Rental 150Website expense 4,358Paypal fees 500Communications 20Filing fees 74Training 560

Description of total liabilities Part II line 26

Category Beginning of Year End of YearCredit card payable 3,048 4,067

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

Form 990EZ, page 2, Part III, Line 28 SCHOOL FEES/ CHILD SPONSORSHIP: $26,000 - 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. Form 990EZ, Part III, Line 29: Vocational Training (continued) Foreign GrantsVOCATIONAL PROJECT: $8,000Project 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.

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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 34,000Activity Vocational Studies Grantee Acholi Quarter Street 1 Kireka Road City, Province, Country, Postal Kampala, UgandaRelationship None
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Form 990EZ, page 2, Part III, Line 28 SCHOOL FEES/ CHILD SPONSORSHIP: $26,000 - 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. Form 990EZ, Part III, Line 29: Vocational Training (continued) Foreign GrantsVOCATIONAL PROJECT: $8,000Project 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.
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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