Civic Intelligence

The Pulsera Project

990 • Fiscal year 2020 • EIN 27-0500339

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

131 N Wawaset RoadWest Chester, PA 19382

(484) 319-7040

Siviq Scores

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

Liabilities / Assets

68th percentile

0.19x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.48x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

11th percentile

-34%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

50th percentile

6.1%

Faster asset growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-58%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$782,674

Up $45,140 (+6.1%) from 2019

Net Assets

Down

$632,674

Down $104,860 (-14%) from 2019

Liabilities

Up

$150,000

Up $150,000 from 2019

Revenue

Down

$311,927

Down $430,502 (-58%) from 2019

Expenses

Down

$416,787

Down $299,265 (-42%) from 2019

Net Income

Down

-$104,860

Down $131,237 (-498%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $54,807Net Assets 2011: $54,8072011Assets 2012: $95,375Liabilities 2012: $0Net Assets 2012: $95,3752012Assets 2013: $176,943Liabilities 2013: $0Net Assets 2013: $176,9432013Assets 2014: $269,122Liabilities 2014: $0Net Assets 2014: $269,1222014Assets 2015: $370,164Liabilities 2015: $0Net Assets 2015: $370,1642015Assets 2016: $432,275Liabilities 2016: $0Net Assets 2016: $432,2752016Assets 2017: $591,002Liabilities 2017: $0Net Assets 2017: $591,0022017Assets 2018: $711,157Liabilities 2018: $0Net Assets 2018: $711,1572018Assets 2019: $737,534Liabilities 2019: $0Net Assets 2019: $737,5342019Assets 2020: $782,674Liabilities 2020: $150,000Net Assets 2020: $632,6742020Assets 2021: $767,750Liabilities 2021: $150,000Net Assets 2021: $617,7502021Assets 2022: $834,822Liabilities 2022: $150,000Net Assets 2022: $684,8222022Assets 2023: $937,038Liabilities 2023: $150,000Net Assets 2023: $787,0382023Assets 2024: $809,070Liabilities 2024: $150,000Net Assets 2024: $659,0702024

Highlighted filing

2020

Assets$782,674
Liabilities$150,000
Net Assets$632,674

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $109,326Expenses 2011: $69,655Net Income 2011: $39,6712011Expenses 2012: $217,5312012Expenses 2013: $226,8612013Revenue 2014: $401,154Expenses 2014: $282,564Net Income 2014: $118,5902014Revenue 2015: $445,699Expenses 2015: $344,657Net Income 2015: $101,0422015Revenue 2016: $506,387Expenses 2016: $444,276Net Income 2016: $62,1112016Revenue 2017: $658,881Expenses 2017: $500,154Net Income 2017: $158,7272017Revenue 2018: $688,897Expenses 2018: $568,742Net Income 2018: $120,1552018Revenue 2019: $742,429Expenses 2019: $716,052Net Income 2019: $26,3772019Revenue 2020: $311,927Expenses 2020: $416,787Net Income 2020: -$104,8602020Revenue 2021: $282,956Expenses 2021: $297,880Net Income 2021: -$14,9242021Revenue 2022: $610,607Expenses 2022: $543,535Net Income 2022: $67,0722022Revenue 2023: $425,794Expenses 2023: $323,577Net Income 2023: $102,2172023Revenue 2024: $488,485Expenses 2024: $616,453Net Income 2024: -$127,9682024

Highlighted filing

2020

Revenue$311,927
Expenses$416,787
Net Income-$104,860
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.1
Gross Receipts
$477,022
Mission and Program Overview

Mission

The pulsera project's mission is to create a more just and colorful world through the education and empowerment of nicaraguan and u.s. Youth.we engage us students in international service to provide economic opportunities for young nicaraguans. We also advocate for progressive ideas about international service that value economic aid as just one part of a mutual exchange that also includes the sharing of knowledge, ideas, and life experiences for the benefit of all.

To create a more just colorful world through education and empowerment of nicaraguan & u.s. Youth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$402,652$448,299▲ $45,647
Savings and Temporary Cash Investments$293,892$301,710▲ $7,818
Other Notes and Loans Receivable, Net$40,000$31,000▼ $9,000
Cash and Non-Interest-Bearing Accounts$990$1,665▲ $675
Total Assets$737,534$782,674▲ $45,140
Liabilities
Unsecured Notes Loans Payable-$150,000-
Total Liabilities$0$150,000▲ $150,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$737,534$632,674▼ $104,860
Total Net Assets Fund Balance$737,534$632,674▼ $104,860
Total Liabilities and Net Assets / Fund Balance$737,534$782,674▲ $45,140
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph TerranovaPresident
Christopher J CraneVice President/secretary
Amanda SeewaldBoard Member
Daniela GuerreroBoard Member
Susan L PattersonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$83,871
Program Service Revenue
$0
Investment Income
$1,673
Other Revenue
$226,383
All Other Contributions
$31,381
Change in Net Assets
$-104,860
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$218,736
Other Expenses$121,649
Grants and Similar Amounts Paid$76,402
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$196,536--$196,536
Foreign Grants$76,402--$76,402
Occupancy$34,010--$34,010
Fees for Services Other$23,421$3,285-$26,706
Office Expenses$24,726--$24,726
Payroll Taxes$17,551--$17,551
Travel$10,875--$10,875
Insurance$5,095--$5,095
Pension Plan Contributions$4,649--$4,649
Information Technology$4,388--$4,388
Advertising$3,342--$3,342
Fees for Services Accounting-$2,847-$2,847
Other Expenses$1,425--$1,425
Fees for Services Legal-$415-$415
Total Functional Expenses$410,240$6,547$0$416,787
International Activity

International Summary

Offices
1
Employees
6
Spending
$363,704

International Compliance

Foreign grant records maintained
No
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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Program ServicesWe Buy Bracelets and Bags From Artisans in Nicaragua and Guatemala, Providing Employment. We Fund Scholarships and Community Development Projects. We Support an Office and Six Employees in Nicaragua Who Manage the Programs.16$363,704
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Colin P CraneFormer Board Member & Son of Officers Christopher Crane and Susan PattersonEmployee CompensationNo$40,467
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

Form 990, Part VI, Section A, Line 2

Christopher j. Crane, susan l. Patterson, and colin p. Crane have a family relationship.

Form 990, Part VI, Section B, Line 11B

Each officer reviews the form 990 individually, then comments or asks questions prior to filing.

Form 990, Part VI, Section B, Line 11B

The 990 is prepared by an independent accounting firm

Form 990, Part VI, Section B, Line 12C

All board members are covered under the policy. Board members are required to report any conflict or potential conflict. Determination and review of any conflict not reported is made by the full board. Board members with conflict are required to recuse themselves from discussion/voting on that matter.

Form 990, Part VI, Section C, Line 19

Conflict of interest policy is available upon request.

Filing and Contact Details

Filer

Filer Name
The Pulsera Project
EIN
27-0500339
Phone
4843197040
Address
131 N WAWASET ROAD, WEST CHESTER, PA 19382

Signing Officer

Name
Susan L Patterson
Title
Treasurer
Phone
4843197040
Signed
2021-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Terranova
Formed
2009
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
7,000

Preparer

Firm
Cliftonlarsonallen Llp
Address
610 W GERMANTOWN PIKE SUITE 400, PLYMOUTH MEETING, PA 19462
Preparer
William a Loughery
Phone
2156433900
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED):

Adelante in 2021 2020 was a year of unprecedented challenges for all humanity, and the people we love were hit especially hard our teacher and student friends, who had to navigate distance-learning and constant changes to the academic paradigm, our artisans, who lost the main market for their products with u.s. Schools closing, and our partners, who were also severely impacted by the pandemic. It was a year of hard decisions and uncertainty, of challenges to every aspect of our program and vision for a more bright and colorful world. Despite the losses and difficulties, we saw reasons for hope. Schools managed to hold pulsera sales despite being partially or fully remote, raising essential funds to keep the project functioning. Despite the unending hurdles and obstacles, teachers collaborated across the country to deliver the best education possible despite the circumstances. Overall, it was a spirit of solidarity and humility that got us through 2020, not just for the pulsera project, but for all of humanity. As we turn our sights to 2021, we know that difficult times still lie ahead, but we also see a light on the horizon. Covid unquestionably disrupted the very core of the project and threw up challenges we never dreamed of facing, but as the future comes more into focus we remain dedicated to the same principles that form the foundation of the project empathy, humility, solidarity, and an unrelenting drive for a more just and colorful world. Despite challenges and setbacks, our vision of the future remains optimistic, not because we're certain of what form that future will take, but because of the tireless network of teachers, students, administrators, and volunteers that have sustained and enriched this project for over a decade. Though we still face many challenges, we are eager to write the next chapter of the pulsera project, together. A final note a more in-depth overview of our 2020 program accomplishments can be found as part of our annual year-end review at www.pulseraproject.org/yearendreview.

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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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IRS990/ActivityOrMissionDesc0TO CREATE A MORE JUST COLORFUL WORLD THROUGH EDUCATION AND EMPOWERMENT OF NICARAGUAN & U.S. YOUTH.
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IRS990/Desc0THE PULSERA PROJECT'S NON-PROFIT SOCIAL ENTERPRISE MODEL IS UNIQUE BECAUSE IT ENRICHES LIVES BOTH IN THE U.S. AND ABROAD BY WEAVING PULSERA SALES INTO AN EDUCATIONAL PROGRAM. WE SELL PULSERAS TO PROVIDE OPPORTUNITIES FOR CENTRAL AMERICANS, BUT WE DO SO WHILE EDUCATING THOUSANDS OF U.S. STUDENTS ABOUT FAIR TRADE, CENTRAL AMERICAN CULTURE, AND A RANGE OF SOCIAL JUSTICE ISSUES. WE ENCOURAGE STUDENTS TO OPEN THEIR HEARTS TO CARE ABOUT OTHERS, BUT WE ALSO ENCOURAGE STUDENTS TO OPEN THEIR MINDS TO THE AMAZING DIVERSITY OF IDEAS AND PERSPECTIVES IN OUR WORLD. THIS WIN-WIN MODEL IS THE MAGIC OF THE PULSERA PROJECT. SEE SCHEDULE O.AS WE WORKED TO NAVIGATE THE DRAMATIC REPERCUSSIONS OF COVID-19 ON BOTH THE CENTRAL AMERICAN AND U.S. SIDES OF THE PULSERA PROJECT, WE DID EVERYTHING WE COULD TO ENSURE THE SURVIVAL OF THE THREE INTERWOVEN PARTS OF THE PROJECT:1) EMPLOYING NEARLY 200 NICARAGUAN AND GUATEMALAN PULSERA ARTISANS2) EDUCATING U.S. STUDENTS THROUGH THE SALE OF PULSERAS3) INVESTING PULSERA SALE PROCEEDS IN CENTRAL AMERICAN COMMUNITIESCOVID-19 AND THE PULSERA PROJECT IN THE U.S.A. AS THE CALENDAR FLIPPED TO MARCH OF 2020, THE PULSERA PROJECT -- LIKE MILLIONS OF BUSINESSES & ORGANIZATIONS ACROSS THE GLOBE -- WAS HIT WITH THE OVERWHELMING IMPACTS OF THE COVID-19 PANDEMIC. AS A NONPROFIT ORGANIZATION WHOSE FUNDS ARE RAISED ALMOST EXCLUSIVELY THROUGH PARTNERSHIPS WITH SCHOOLS, THE EFFECTS WERE PARTICULARLY HARD-HITTING FOR US AS THOUSANDS OF SCHOOLS SHUT DOWN INDEFINITELY TO KEEP STUDENTS AND TEACHERS SAFE FROM THE CORONAVIRUS. OVERALL, 2020 MARKED A SUBSTANTIAL DOWNTURN FOR US IN SCHOOL PARTNERSHIPS AFTER ALMOST TEN YEARS OF CONSISTENT YEAR-TO-YEAR GROWTH -- SINCE MARCH WE'VE DONE EVERYTHING WE CAN TO KEEP THE PROJECT AFLOAT AND TO ENSURE WE ARE READY TO RETURN STRONGER THAN EVER WHEN THE WORLD GETS BACK TO NORMAL. IN THE U.S. THIS INCLUDED ELIMINATING MOST STAFF SALARIES FROM SEPTEMBER 1ST - DECEMBER 31ST, A MOVE THAT ALLOWED US TO REMAIN IN A FINANCIALLY FEASIBLE POSITION TO CONTINUE OUR WORK WITHOUT PUTTING THE PROJECT'S FINANCES AT RISK. WE WERE FORTUNATE TO SECURE LOANS FROM BOTH THE PAYCHECK PROTECTION PROGRAM AND THE ECONOMIC INJURY DISASTER RELIEF PROGRAM TO SUPPLEMENT SOME OF THE FUNDS WE COULD HAVE OTHERWISE EXPECTED TO BRING IN FROM SCHOOL SALES IN 2020, AND DURING THIS PERIOD WE ALL CONTINUED TO INVEST HUNDREDS OF HOURS ON A VOLUNTEER BASIS TO KEEP THE PROJECT MOVING FORWARD.SCHOOL COLLABORATIONS & EDUCATIONAL PROGRAM EVEN IN THE FACE OF A GLOBAL PANDEMIC, THE PULSERA PROJECT WAS ABLE TO COLLABORATE WITH 343 SCHOOLS IN 2020, DOWN FROM 1,034 IN 2019, A DECREASE ALMOST COMPLETELY ACCOUNTED FOR BY THE FACT THAT SCHOOLS ACROSS THE COUNTRY STRUGGLED TO RE-OPEN OR TO SAFELY HOLD EXTRACURRICULAR ACTIVITIES. IN TOTAL, THE PULSERA PROJECT HAS NOW COLLABORATED WITH 3,294 SCHOOLS, AND WITH THE HELP OF MANY MULTI-YEAR SCHOOL PARTNERSHIPS, 5,746 PULSERA PROJECT SCHOOL EVENTS HAVE BEEN HOSTED BY STUDENTS AND TEACHERS SINCE 2009.COVID-19 AND THE PULSERA PROJECT IN CENTRAL AMERICAJUST LIKE THE U.S. SIDE OF THE PROJECT, COVID-19 COMPLETELY UPENDED OUR OPERATIONS IN NICARAGUA AND GUATEMALA. HOWEVER, DESPITE THAT, THE PROJECT DID EVERYTHING IT COULD TO MAINTAIN CLOSE AND CANDID RELATIONSHIPS WITH ARTISANS, PARTNER ORGANIZATIONS, AND THE COMMUNITIES WE WORK IN. FOR SAFETY, OUR TEAM IMPLEMENTED UNIQUE PROTOCOLS FOR THE PULSERA PURCHASES, AS WELL AS FOR THE SORTING, PACKING, AND SHIPPING TO THE U.S. HEADQUARTERS IN CHARLESTON, SC. AND WHILE PERSONAL HOUSE VISITS, GATHERINGS, AND TRAVEL TO GUATEMALA WERE NOT POSSIBLE, OUR CREW LOGGED TIRELESS HOURS CHECKING IN WITH EVERYONE ON MANY OCCASIONS, INCLUDING IN THE AFTERMATH OF BACK-TO-BACK HURRICANES, ETA AND IOTA, WHICH DEVASTATED THE REGION. OUR ABRUPT AND NEW FINANCIAL REALITY ALSO PRESENTED THE DIFFICULT TASK OF BALANCING A NEED TO REDUCE NON-ESSENTIAL EXPENSES WHILE CONTINUING TO SUPPORT OUR VETERAN ARTISANS IN A TIME OF NEED. AT THE BEGINNING OF THE PANDEMIC, OUR INCOME HALTED OVERNIGHT AND WE WE
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IRS990/MissionDesc0THE PULSERA PROJECT'S MISSION IS TO CREATE A MORE JUST AND COLORFUL WORLD THROUGH THE EDUCATION AND EMPOWERMENT OF NICARAGUAN AND U.S. YOUTH.WE ENGAGE U.S. STUDENTS IN INTERNATIONAL SERVICE TO PROVIDE ECONOMIC OPPORTUNITIES FOR NICARAGUANS AND GUATEMALANS. WE ADVOCATE FOR PROGRESSIVE IDEAS ABOUT INTERNATIONAL SERVICE THAT VALUE ECONOMIC AID AS JUST ONE PART OF A MUTUAL EXCHANGE THAT ALSO INCLUDES THE SHARING OF KNOWLEDGE, IDEAS, AND LIFE EXPERIENCES FOR THE BENEFIT OF ALL.
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt034010
IRS990/OccupancyGrp/TotalAmt034010
IRS990/OfficeExpensesGrp/ProgramServicesAmt024726
IRS990/OfficeExpensesGrp/TotalAmt024726
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0OTHER
IRS990/OtherExpensesGrp/Desc1PRODUCE EDUCCONTENT MAT
IRS990/OtherExpensesGrp/Desc2FTF DUES
IRS990/OtherExpensesGrp/ProgramServicesAmt04470
IRS990/OtherExpensesGrp/ProgramServicesAmt13350
IRS990/OtherExpensesGrp/ProgramServicesAmt21425
IRS990/OtherExpensesGrp/TotalAmt04470
IRS990/OtherExpensesGrp/TotalAmt13350
IRS990/OtherExpensesGrp/TotalAmt21425
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0196536
IRS990/OtherSalariesAndWagesGrp/TotalAmt0196536
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt040000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt031000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt017551
IRS990/PayrollTaxesGrp/TotalAmt017551
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04649
IRS990/PensionPlanContributionsGrp/TotalAmt04649
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOSEPH TERRANOVA
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07505
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0214207
IRS990/PYInvestmentIncomeAmt04775
IRS990/PYOtherExpensesAmt0238476
IRS990/PYOtherRevenueAmt0720118
IRS990/PYProgramServiceRevenueAmt010031
IRS990/PYRevenuesLessExpensesAmt026377
IRS990/PYSalariesCompEmpBnftPaidAmt0263369
IRS990/PYTotalExpensesAmt0716052
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0742429
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-104860
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0293892
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0301710
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt083871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt07505
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt03559
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02960
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01281
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt099176
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01673
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt04775
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03647
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0987
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0679
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011761
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0226383
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0730149
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0681691
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0654934
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0504427
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02797584
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01673
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt04775
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03647
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0987
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0679
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011761
IRS990ScheduleA/InvestmentIncomeCYPct00.00400
IRS990ScheduleA/InvestmentIncomePYPct00.00340
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99600
IRS990ScheduleA/PublicSupportPY509Pct00.99660
IRS990ScheduleA/PublicSupportTotal509Amt02896760
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0310254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0737654
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0685250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0657894
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0505708
IRS990ScheduleA/Total509Grp/TotalAmt02896760
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0311927
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0742429
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0688897
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0658881
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0506387
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02908521
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt06
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0363704
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0WE BUY BRACELETS AND BAGS FROM ARTISANS IN NICARAGUA AND GUATEMALA, PROVIDING EMPLOYMENT. WE FUND SCHOLARSHIPS AND COMMUNITY DEVELOPMENT PROJECTS. WE SUPPORT AN OFFICE AND SIX EMPLOYEES IN NICARAGUA WHO MANAGE THE PROGRAMS.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt02983
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt1276
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt22943
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt316350
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0CHECK
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt1CHECK
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt2CHECK
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt3CHECK
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt020
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt110
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt212
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt311
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt1CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt2CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt3CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0ARTISAN SCHOLARSHIP PROGRAM
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1ARTISAN HEALTH PROGRAM
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt2ARTISAN TRAINING PROGRAM
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt3ARTISAN HOUSING PROGRAM
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt030000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt115000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1CHECK
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0WORKER COOPERATIVES SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1LEGAL SERVICES SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt06
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0363704
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0WE REQUIRE ORGANIZATIONS TO SPEND FUNDS AS PER OUR INSTRUCTIONS. IN MANY CASES, A BOARD MEMBER IS PRESENT WHEN FUNDS ARE SPENT. WHEN ONE OF US IS NOT PRESENT, WE REQUIRE RECEIPTS AND WE AND OUR REGIONAL DIRECTOR PERSONALLY VERIFY THAT THOSE RECEIPTS MATCH THE EXPENDITURE. ONE OF US TRAVELS TO NICARAGUA MULTIPLE TIMES PER YEAR, AND DURING THOSE TRIPS WE VISIT WITH GRANT RECIPIENTS, REVIEW BOOKS, MEET WITH THE GROUP LEADERS. IF THE EXPENDITURE IS FOR SOMETHING PHYSICAL, LIKE HOUSING CONSTRUCTION, WE REQUIRE ESTIMATES AHEAD OF TIME, AND THAT WE CAN SEE THE ACTUAL FINISHED PROJECT AND COMPARE TO RECEIPTS. IF THE EXPENDITURE IS FOR SOMETHING LIKE SCHOLARSHIPS, WE REQUIRE TRANSCRIPTS OR THE EQUIVALENT.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/Total501c3OrgCnt02
IRS990ScheduleF/TotalEmployeeCnt06
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0363704
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0COLIN P CRANE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FORMER BOARD MEMBER & SON OF OFFICERS CHRISTOPHER CRANE AND SUSAN PATTERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt040467
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYEE COMPENSATION
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ADELANTE IN 2021 2020 WAS A YEAR OF UNPRECEDENTED CHALLENGES FOR ALL HUMANITY, AND THE PEOPLE WE LOVE WERE HIT ESPECIALLY HARD OUR TEACHER AND STUDENT FRIENDS, WHO HAD TO NAVIGATE DISTANCE-LEARNING AND CONSTANT CHANGES TO THE ACADEMIC PARADIGM, OUR ARTISANS, WHO LOST THE MAIN MARKET FOR THEIR PRODUCTS WITH U.S. SCHOOLS CLOSING, AND OUR PARTNERS, WHO WERE ALSO SEVERELY IMPACTED BY THE PANDEMIC. IT WAS A YEAR OF HARD DECISIONS AND UNCERTAINTY, OF CHALLENGES TO EVERY ASPECT OF OUR PROGRAM AND VISION FOR A MORE BRIGHT AND COLORFUL WORLD. DESPITE THE LOSSES AND DIFFICULTIES, WE SAW REASONS FOR HOPE. SCHOOLS MANAGED TO HOLD PULSERA SALES DESPITE BEING PARTIALLY OR FULLY REMOTE, RAISING ESSENTIAL FUNDS TO KEEP THE PROJECT FUNCTIONING. DESPITE THE UNENDING HURDLES AND OBSTACLES, TEACHERS COLLABORATED ACROSS THE COUNTRY TO DELIVER THE BEST EDUCATION POSSIBLE DESPITE THE CIRCUMSTANCES. OVERALL, IT WAS A SPIRIT OF SOLIDARITY AND HUMILITY THAT GOT US THROUGH 2020, NOT JUST FOR THE PULSERA PROJECT, BUT FOR ALL OF HUMANITY. AS WE TURN OUR SIGHTS TO 2021, WE KNOW THAT DIFFICULT TIMES STILL LIE AHEAD, BUT WE ALSO SEE A LIGHT ON THE HORIZON. COVID UNQUESTIONABLY DISRUPTED THE VERY CORE OF THE PROJECT AND THREW UP CHALLENGES WE NEVER DREAMED OF FACING, BUT AS THE FUTURE COMES MORE INTO FOCUS WE REMAIN DEDICATED TO THE SAME PRINCIPLES THAT FORM THE FOUNDATION OF THE PROJECT EMPATHY, HUMILITY, SOLIDARITY, AND AN UNRELENTING DRIVE FOR A MORE JUST AND COLORFUL WORLD. DESPITE CHALLENGES AND SETBACKS, OUR VISION OF THE FUTURE REMAINS OPTIMISTIC, NOT BECAUSE WE'RE CERTAIN OF WHAT FORM THAT FUTURE WILL TAKE, BUT BECAUSE OF THE TIRELESS NETWORK OF TEACHERS, STUDENTS, ADMINISTRATORS, AND VOLUNTEERS THAT HAVE SUSTAINED AND ENRICHED THIS PROJECT FOR OVER A DECADE. THOUGH WE STILL FACE MANY CHALLENGES, WE ARE EAGER TO WRITE THE NEXT CHAPTER OF THE PULSERA PROJECT, TOGETHER. A FINAL NOTE A MORE IN-DEPTH OVERVIEW OF OUR 2020 PROGRAM ACCOMPLISHMENTS CAN BE FOUND AS PART OF OUR ANNUAL YEAR-END REVIEW AT WWW.PULSERAPROJECT.ORG/YEARENDREVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHRISTOPHER J. CRANE, SUSAN L. PATTERSON, AND COLIN P. CRANE HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH OFFICER REVIEWS THE FORM 990 INDIVIDUALLY, THEN COMMENTS OR ASKS QUESTIONS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL BOARD MEMBERS ARE COVERED UNDER THE POLICY. BOARD MEMBERS ARE REQUIRED TO REPORT ANY CONFLICT OR POTENTIAL CONFLICT. DETERMINATION AND REVIEW OF ANY CONFLICT NOT REPORTED IS MADE BY THE FULL BOARD. BOARD MEMBERS WITH CONFLICT ARE REQUIRED TO RECUSE THEMSELVES FROM DISCUSSION/VOTING ON THAT MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS (CONTINUED):
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0737534
IRS990/TotalAssetsEOYAmt0782674
IRS990/TotalAssetsGrp/BOYAmt0737534
IRS990/TotalAssetsGrp/EOYAmt0782674
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt083871
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06547
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0410240
IRS990/TotalFunctionalExpensesGrp/TotalAmt0416787
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0150000
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0150000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0737534
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0632674
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0410240
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01673
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0226383
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0311927
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0737534
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0782674
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt010875
IRS990/TravelGrp/TotalAmt010875
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0150000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0131 N WAWASET ROAD

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.09$1.50$6.59$4.88$6.16$1.28
2023Detailed filing. Detailed filing data is available for this year.$9.37$1.50$7.87$4.26$3.24$1.02
2022Detailed filing. Detailed filing data is available for this year.$8.35$1.50$6.85$6.11$5.44$0.67
2021Detailed filing. Detailed filing data is available for this year.$7.68$1.50$6.18$2.83$2.98$0.15
2020Detailed filing. Detailed filing data is available for this year.$7.83$1.50$6.33$3.12$4.17$1.05
2019Detailed filing. Detailed filing data is available for this year.$7.38$0.00$7.38$7.42$7.16$0.26
2018Detailed filing. Detailed filing data is available for this year.$7.11$0.00$7.11$6.89$5.69$1.20
2017Detailed filing. Detailed filing data is available for this year.$5.91$0.00$5.91$6.59$5.00$1.59
2016Detailed filing. Detailed filing data is available for this year.$4.32$0.00$4.32$5.06$4.44$0.62
2015Detailed filing. Detailed filing data is available for this year.$3.70$0.00$3.70$4.46$3.45$1.01
2014Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$4.01$2.83$1.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.00$1.77$2.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.00$0.95$2.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.55$1.09$0.70$0.40