Civic Intelligence

Compassionate Hearts Network Inc.

990EZ • Fiscal year 2023 • EIN 26-2697328

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 14, 2024

PO Box 51Woodville, MA 01784

(617) 631-8783

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

24th percentile

-13%

Higher net margin than 24% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

24th percentile

-19%

Faster asset growth than 24% of similar nonprofits.

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

Revenue Growth

84th percentile

61%

Faster revenue growth than 84% of similar nonprofits.

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

Assets

Down

$42,878

Down $9,744 (-19%) from 2022

Net Assets

Down

$42,878

Down $9,744 (-19%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$138,250

Up $52,532 (+61%) from 2022

Expenses

Up

$156,090

Up $67,841 (+77%) from 2022

Net Income

Down

-$17,840

Down $15,309 (-605%) from 2022

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2018: $22,478Liabilities 2018: $0Net Assets 2018: $22,4782018Assets 2019: $45,172Liabilities 2019: $0Net Assets 2019: $45,1722019Assets 2020: $69,379Liabilities 2020: $0Net Assets 2020: $69,3792020Assets 2021: $55,153Liabilities 2021: $0Net Assets 2021: $55,1532021Assets 2022: $52,622Liabilities 2022: $0Net Assets 2022: $52,6222022Assets 2023: $42,878Liabilities 2023: $0Net Assets 2023: $42,8782023Assets 2024: $33,725Liabilities 2024: $0Net Assets 2024: $33,7252024

Highlighted filing

2023

Assets$42,878
Liabilities$0
Net Assets$42,878

Operations Trend

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

$200K$100K$0-$100KRevenue 2018: $10,098Expenses 2018: $1,500Net Income 2018: $8,5982018Revenue 2019: $132,621Expenses 2019: $109,927Net Income 2019: $22,6942019Revenue 2020: $153,295Expenses 2020: $129,088Net Income 2020: $24,2072020Revenue 2021: $161,013Expenses 2021: $175,239Net Income 2021: -$14,2262021Revenue 2022: $85,718Expenses 2022: $88,249Net Income 2022: -$2,5312022Revenue 2023: $138,250Expenses 2023: $156,090Net Income 2023: -$17,8402023Revenue 2024: $189,463Expenses 2024: $198,616Net Income 2024: -$9,1532024

Highlighted filing

2023

Revenue$138,250
Expenses$156,090
Net Income-$17,840
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 14, 2024
Return Version
2023v5.0
Gross Receipts
$138,250
Mission and Program Overview

Mission

Compassionate Hearts Network (CHN) finds, fund raise and fulfill charity projects for the benefit of the most deserving individuals of our society. Upon receiving a request directly or indirectly, we do our own background verification before we decide to approve the cause. Once it is approved, we reach out to generous donors to raise the required funds to fund that cause. Our projects (or causes), once accepted are managed by a project sponsor who funds a major part of the project cost. The remaining funds will be collected from interested donors. In that regard, CHN work as a platform where anyone can implement their dream charity project once it's reviewed and approved by the director board. CHN assures that 100% of the raised funds are donated to to the cause (project). All administrative costs are covered by its director board members annual membership fees.

Program Services

DescriptionGrantsExpenses
House Construction Assistance. In 2023 CHN fundraised and supported 6 house construction projects for a total cost of approximately $70000 USD. The beneficiaries were low-income families with little children through. The financial support significantly enabled the beneficiaries to complete the construction which otherwise wouldn't have happened.$70,000$0
CHN Participated in fundraising and coordination of 9 health and hospital care projects in 2023. This include various projects to help deserving individuals and families.$10,000$0
CHN completed Twelve family hardship assistance projects this year. This includes funding new businesses, assistance with housing expenses, job training etc.$10,000$0
Deepti Special School Support Project. Deepti Special School is a school , located in Adoor, Kerala, India., for differently abled children for ages 4 and 18. Compassionate Hearts Network (CHN) sponsored a community benefit project to support over 200 special needs children. A music fundraiser was hosted to raise money to sponsor physical therapy equipment, computer room, wheelchair etc.$8,000$0
K-12 Student sponsorships. Compassionate Hearts Network members and supporters sponsored the education of 12 children for an average cost of $500. These students were selected by the sponsored and were given study materials, clothing and additional family assistance as needed. Additionally CHN provided grants and financial assistance to five post-graduate/professional education students. This is an on-going project and expected to continue$6,000$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jiji VarugheseChairman & CEO-$0--
Anita VarugheseDirector-$0--
Robin CherukaraPresident-$0--
Suja CherukaraDirector-$0--
Jacob JosephTreasurer And CFO-$0--
Asha JacobDirector-$0--
Sayid ShabeerDirector-$0--
Fazeena AshrafDirector-$0--
Liju C RajuSecretary-$0--
Sithy GeorgeDirector-$0--
Santhosh NairDirector-$0--
Sindhu NairDirector-$0--
Grace PullattuDirector-$0--
Jeesmon JacobDirector-$0--
Filing and Contact Details

Filer

Filer Name
Compassionate Hearts Network Inc
EIN
26-2697328
Phone
6176318783
Address
PO Box 51, Woodville, MA 01784

Signing Officer

Name
Jacob Joseph
Title
Treasurer
Phone
6178388985
Signed
2024-04-14
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 20

Net income is more

Raw XML Appendix261 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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IRS990EZ/PrimaryExemptPurposeTxt0Compassionate Hearts Network (CHN) finds, fund raise and fulfill charity projects for the benefit of the most deserving individuals of our society. Upon receiving a request directly or indirectly, we do our own background verification before we decide to approve the cause. Once it is approved, we reach out to generous donors to raise the required funds to fund that cause. Our projects (or causes), once accepted are managed by a project sponsor who funds a major part of the project cost. The remaining funds will be collected from interested donors. In that regard, CHN work as a platform where anyone can implement their dream charity project once it's reviewed and approved by the director board. CHN assures that 100% of the raised funds are donated to to the cause (project). All administrative costs are covered by its director board members annual membership fees.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0House Construction Assistance. In 2023 CHN fundraised and supported 6 house construction projects for a total cost of approximately $70000 USD. The beneficiaries were low-income families with little children through. The financial support significantly enabled the beneficiaries to complete the construction which otherwise wouldn't have happened.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Deepti Special School Support Project. Deepti Special School is a school , located in Adoor, Kerala, India., for differently abled children for ages 4 and 18. Compassionate Hearts Network (CHN) sponsored a community benefit project to support over 200 special needs children. A music fundraiser was hosted to raise money to sponsor physical therapy equipment, computer room, wheelchair etc.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2CHN Participated in fundraising and coordination of 9 health and hospital care projects in 2023. This include various projects to help deserving individuals and families.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt3K-12 Student sponsorships. Compassionate Hearts Network members and supporters sponsored the education of 12 children for an average cost of $500. These students were selected by the sponsored and were given study materials, clothing and additional family assistance as needed. Additionally CHN provided grants and financial assistance to five post-graduate/professional education students. This is an on-going project and expected to continue
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt4CHN completed Twelve family hardship assistance projects this year. This includes funding new businesses, assistance with housing expenses, job training etc.
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-04-14T17:38:10-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Jacob
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Joseph
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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