Civic Intelligence

The Pulsera Project

990 • Fiscal year 2022 • EIN 27-0500339

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 20, 2023

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

74th percentile

0.18x

Higher debt load relative to assets than 74% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

78th percentile

0.25x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

58th percentile

11%

Higher net margin than 58% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

63rd percentile

8.7%

Faster asset growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

90th percentile

116%

Faster revenue growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$834,822

Up $67,072 (+8.7%) from 2021

Net Assets

Up

$684,822

Up $67,072 (+11%) from 2021

Liabilities

Flat

$150,000

Flat from 2021

Revenue

Up

$610,607

Up $327,651 (+116%) from 2021

Expenses

Up

$543,535

Up $245,655 (+82%) from 2021

Net Income

Up

$67,072

Up $81,996 (+549%) from 2021

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

2022

Assets$834,822
Liabilities$150,000
Net Assets$684,822

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

2022

Revenue$610,607
Expenses$543,535
Net Income$67,072
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 20, 2023
Return Version
2022v5.0
Gross Receipts
$850,669
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.

Create a more just colorful world via education/empowerment of central americans/u.s. Students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$381,314$453,815▲ $72,501
Inventories for Sale or Use$355,191$347,618▼ $7,573
Other Notes and Loans Receivable, Net$31,000$33,000▲ $2,000
Cash and Non-Interest-Bearing Accounts$245$389▲ $144
Total Assets$767,750$834,822▲ $67,072
Liabilities
Unsecured Notes Loans Payable$150,000$150,000→ $0
Total Liabilities$150,000$150,000→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$617,750$684,822▲ $67,072
Total Net Assets Fund Balance$617,750$684,822▲ $67,072
Total Liabilities and Net Assets / Fund Balance$767,750$834,822▲ $67,072
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph TerranovaPresident Until November 2022
Susan L PattersonPresident/treasurer
Cathy MccauleyDirector
Daniela GuerreroSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$55,215
Program Service Revenue
$0
Investment Income
$5,859
Other Revenue
$549,533
All Other Contributions
$1,515
Change in Net Assets
$67,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$254,516
Other Expenses$208,976
Grants and Similar Amounts Paid$80,043
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$233,087--$233,087
Foreign Grants$80,043--$80,043
Office Expenses$42,072--$42,072
Fees for Services Other$32,755$6,757-$39,512
Travel$27,846--$27,846
Occupancy$24,095--$24,095
Payroll Taxes$15,899--$15,899
Information Technology$14,443--$14,443
Conferences and Meetings$6,940--$6,940
Advertising$5,936--$5,936
Pension Plan Contributions$5,530--$5,530
All Other Expenses$5,000--$5,000
Interest$3,205--$3,205
Insurance$2,918--$2,918
Fees for Services Accounting-$2,468-$2,468
Fees for Services Legal-$1,300-$1,300
Other Expenses$837--$837
Total Functional Expenses$533,010$10,525$0$543,535
International Activity

International Summary

Offices
0
Employees
2
Spending
$415,276

International Compliance

Foreign grant records maintained
Yes
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 CaribbeanProgram ServicesWe Buy Bracelets and Bags From Artisans in Nicaragua and Guatemala, Providing Employment.01$335,233
Central America and the CaribbeanGrants to RecipientsWe Fund Scholarships and Community Development Projects in Nicaragua and Guatemala.01$80,043
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
-FAMILY RELATIONSHIP; SON OF OFFICER SUSAN L. PATTERSONCompensationNo$63,264
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 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

Governing documents and the conflict of interest policy are 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
President/treasurer
Phone
4843197040
Signed
2023-07-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Patterson
Formed
2009
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
12,000

Preparer

Firm
Cliftonlarsonallen Llp
Address
150 S WARNER ROAD SUITE 310, KING OF PRUSSIA, PA 19406
Preparer
William a Loughery
Phone
2156433900
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE:

In 2022 the pulsera project continued to focus on developing our three core components: 1) employing guatemalan & nicaraguan pulsera artisans 2) educating u.s. Students through the sale of pulseras 3) investing pulsera sale proceeds in central american communities post-covid update 2022 was a turning point for the pulsera project after two years of the covid-19 pandemic affecting almost every aspect of the project, the veil began to lift and a new post-covid project began to take shape. The last year was a pivotal one for the project, representing new and unprecedented investments in all components of the project. For the first time, we are employing over 200 artisans, we added over a dozen new videos and lessons to the educational program, and we forged partnerships with some incredible new organizations in the u.s. And central america. We want to humbly thank the thousands of teachers, students, and volunteers who helped to secure a future for the project when things looked darkest. The outpouring of support we received over the last few years truly was the essential key that kept the pulsera project ship sailing through the murky waters of covid. We cannot stress enough how much that support meant to each of us and the volunteers who work for the project. School collaborations & educational program the pulsera project's mission would not be possible without the volunteer efforts of thousands of teachers and students across the u.s. Each year, whose pulsera sales create meaningful employment for artisans in central america and raise funds that generate impact and support programs in guatemala and nicaragua, all while learning about social impact, solidarity, fair trade, and global citizenship in the classroom. In 2022, we were fortunate to work with 405 schools in the spring semester, and 287 schools in the fall, representing a total of 692 pulsera sales, each one a labor of love brought to life by the enthusiasm and hard work of the classes, clubs, and school communities that dedicate their time to the project. This was a significant and meaningful bounce back for us, after partnering with 369 schools in 2021 due to the lingering effects of covid-19 on the project. In total, the pulsera project has now collaborated with 3,468 schools, and with the help of many multi-year school partnerships, 6,807 pulsera project school events have been hosted by students and teachers since 2009. New developments as schools filled back up with students, the project went through some important changes. We hired dozens of new artisans, began new social impact collaborations, and added more materials to the educational program than any year in the project's history. We also made one of the most challenging decisions in the project's history, raising the cost of pulseras to $7 and bolsitas to $15. This was the first price change since the pulsera project was founded in 2009. As inflation continued to spike in the u.s, it hit central american countries even harder, where a small increase in food or housing costs can mean making difficult decisions for one's family. In line with our fair trade values, we raised the cost we pay artisans to keep up with this new reality. Though we knew the decision was necessary to keep the project viable into the future, we also recognized the impact on students who are also affected by rising prices. The educational program saw its largest expansion in the project's history, including new bellringer activities, lessons about the new "color the world" video, and much more. We also made our educational resources public for the first time, increasing the traffic to our materials by over 300%. Meanwhile, we expanded our online conversations with classes. Any school hosting pulsera sales can now set up virtual chats with social impact coordinator jorge morales or project co-founders colin crane and chris howell. New collaborations though we had previously worked with the national spanish exam to sponsor a slot on our

FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE CONTINUED:

U.s. Pulsera sales in 2022 in 2022 teachers and student volunteers raised $789,595 through pulsera sales in 692 schools, some selling for the 13th time, while we welcomed 211 schools that hosted pulsera events for the first time. We appreciate each student, teacher, and volunteer who helped along the way. From the money raised by schools, the pulsera project seeks to invest equally in our three components artisan employment, impact investment, and the u.s. Service-learning educational program. This year we made substantial investments in each, especially in the often arduous but necessary task of fostering new relationships and making new connections. In 2022 the project invested $415,276 in our employment and impact programs in central america. The $100,043 spent toward impact investments in 2022 included $80,043 in grants to support longtime project allies as well as many new emerging partnerships. Groups supported - adisa, aj quen, artexco, asogen, asomujerdi, cojolya, imap, la esperanza granada, raiz che, waricha. In addition, we provided a $20,000 2-year investment in the media development investment fund, which supports free press initiatives worldwide, including in guatemala. Adelante in 2023 as we look towards 2023, we are filled with profound humility and gratitude to every teacher, student, and volunteer who contributed to the project over the last year. We all dealt with unprecedented uncertainty over the last few years, but even through the darkest days it was the bonds that connected us that kept us going. We've always known that the heart of the pulsera project isn't the bracelets, the videos, or even the sales, but the amazing network of artisans, students, teachers, activists, and volunteers that has brought people together across borders, cultural divides, and thousands of miles. This was proven especially true in 2022, as we worked to stitch the project back together in a new and improved form. Our dreams for the future remain large despite the setbacks we hope to develop closer relationships with our over 200 artists in the coming year, continue our teacher trips, and collaborate more, always working towards the brighter and more just world that we all strive to be a part of. The last few years rocked the project to its foundations, and despite the losses, it also gave us the opportunity to examine those foundations and ensure they are strong, stable, and ready to weather whatever the future holds. We're grateful to the thousands who have helped start building back, and are eager to work with new partners and allies in the years ahead. To quote patrik mucia from imap (one of our partner organizations), "we have planted the seeds and are starting to see the first fruits of those seeds, so why not plant more? Why not grow more?" we cannot wait to keep growing, learning, and planting new seeds together as we move into the future. A final note a more in-depth overview of our 2022 program accomplishments can be found as part of our annual year-end review at https://www.pulseraproject.org/yearendreview2022

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IRS990/ActivityOrMissionDesc0CREATE A MORE JUST COLORFUL WORLD VIA EDUCATION/EMPOWERMENT OF CENTRAL AMERICANS/U.S. STUDENTS.
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SUSAN PATTERSON
IRS990/BooksInCareOfDetail/PhoneNum06105471317
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0131 N WAWASET ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0WEST CHESTER
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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 IMPACT INITIATIVES. 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 FOR CONTINUATION -
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IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT UNTIL NOVEMBER 2022
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SUSAN PATTERSON
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IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0335233
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt180043
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0WE BUY BRACELETS AND BAGS FROM ARTISANS IN NICARAGUA AND GUATEMALA, PROVIDING EMPLOYMENT.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1WE FUND SCHOLARSHIPS AND COMMUNITY DEVELOPMENT PROJECTS IN NICARAGUA AND GUATEMALA.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1GRANTS TO RECIPIENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0CASH
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt040
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0ARTISAN LEADERSHIP/EXPERIENTIAL LEARNING/COMMUNITY BUILDING/EMERGENCY ASSISTANCE
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt4CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt5CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt6CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt7CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt10
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt20
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt30
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt40
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt50
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt60
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt70
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0DISABILITY ADVOCACY AND SUPPORT PROGRAM
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1ARTISAN COOPERATIVE SUPPORT PROGRAMS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2ARTISAN COOPERATIVE SUPPORT PROGRAMS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3WOMEN'S COMMUNITY AND RADIO PROGRAMS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt4ARTISAN COOPERATIVE SUPPORT PROGRAMS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt5EDUCATIONAL AND SUSTAINABLE AGRICULTURE PROGRAMS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt6EDUCATIONAL AND SCHOLARSHIP PROGRAMS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt7YOUTH HEALTH AND WELL-BEING EDUCATION PROGRAMS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt4CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt5CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt6CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt7CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt02
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0415276
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0WE REQUIRE ORGANIZATIONS TO SPEND FUNDS AS PER OUR INSTRUCTIONS. IN MANY CASES, OUR REGIONAL DIRECTOR IS PRESENT WHEN FUNDS ARE SPENT. WHEN ONE OF US IS NOT PRESENT, WE REQUIRE RECEIPTS AND THE BOARD AND OUR REGIONAL DIRECTOR PERSONALLY VERIFY THAT THOSE RECEIPTS MATCH THE EXPENDITURE. DURING MULTIPLE TRIPS PER YEAR, WE VISIT WITH GRANT RECIPIENTS, REVIEW BOOKS, MEET WITH THE GROUP LEADERS. IF THE EXPENDITURE IS FOR SOMETHING PHYSICAL, LIKE 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, CERTIFICATES, OR THE EQUIVALENT.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/Total501c3OrgCnt05
IRS990ScheduleF/TotalEmployeeCnt02
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt03
IRS990ScheduleF/TotalSpentAmt0415276
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0COLIN P CRANE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY RELATIONSHIP; SON OF OFFICER SUSAN L. PATTERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt063264
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2022 THE PULSERA PROJECT CONTINUED TO FOCUS ON DEVELOPING OUR THREE CORE COMPONENTS: 1) EMPLOYING GUATEMALAN & NICARAGUAN PULSERA ARTISANS 2) EDUCATING U.S. STUDENTS THROUGH THE SALE OF PULSERAS 3) INVESTING PULSERA SALE PROCEEDS IN CENTRAL AMERICAN COMMUNITIES POST-COVID UPDATE 2022 WAS A TURNING POINT FOR THE PULSERA PROJECT AFTER TWO YEARS OF THE COVID-19 PANDEMIC AFFECTING ALMOST EVERY ASPECT OF THE PROJECT, THE VEIL BEGAN TO LIFT AND A NEW POST-COVID PROJECT BEGAN TO TAKE SHAPE. THE LAST YEAR WAS A PIVOTAL ONE FOR THE PROJECT, REPRESENTING NEW AND UNPRECEDENTED INVESTMENTS IN ALL COMPONENTS OF THE PROJECT. FOR THE FIRST TIME, WE ARE EMPLOYING OVER 200 ARTISANS, WE ADDED OVER A DOZEN NEW VIDEOS AND LESSONS TO THE EDUCATIONAL PROGRAM, AND WE FORGED PARTNERSHIPS WITH SOME INCREDIBLE NEW ORGANIZATIONS IN THE U.S. AND CENTRAL AMERICA. WE WANT TO HUMBLY THANK THE THOUSANDS OF TEACHERS, STUDENTS, AND VOLUNTEERS WHO HELPED TO SECURE A FUTURE FOR THE PROJECT WHEN THINGS LOOKED DARKEST. THE OUTPOURING OF SUPPORT WE RECEIVED OVER THE LAST FEW YEARS TRULY WAS THE ESSENTIAL KEY THAT KEPT THE PULSERA PROJECT SHIP SAILING THROUGH THE MURKY WATERS OF COVID. WE CANNOT STRESS ENOUGH HOW MUCH THAT SUPPORT MEANT TO EACH OF US AND THE VOLUNTEERS WHO WORK FOR THE PROJECT. SCHOOL COLLABORATIONS & EDUCATIONAL PROGRAM THE PULSERA PROJECT'S MISSION WOULD NOT BE POSSIBLE WITHOUT THE VOLUNTEER EFFORTS OF THOUSANDS OF TEACHERS AND STUDENTS ACROSS THE U.S. EACH YEAR, WHOSE PULSERA SALES CREATE MEANINGFUL EMPLOYMENT FOR ARTISANS IN CENTRAL AMERICA AND RAISE FUNDS THAT GENERATE IMPACT AND SUPPORT PROGRAMS IN GUATEMALA AND NICARAGUA, ALL WHILE LEARNING ABOUT SOCIAL IMPACT, SOLIDARITY, FAIR TRADE, AND GLOBAL CITIZENSHIP IN THE CLASSROOM. IN 2022, WE WERE FORTUNATE TO WORK WITH 405 SCHOOLS IN THE SPRING SEMESTER, AND 287 SCHOOLS IN THE FALL, REPRESENTING A TOTAL OF 692 PULSERA SALES, EACH ONE A LABOR OF LOVE BROUGHT TO LIFE BY THE ENTHUSIASM AND HARD WORK OF THE CLASSES, CLUBS, AND SCHOOL COMMUNITIES THAT DEDICATE THEIR TIME TO THE PROJECT. THIS WAS A SIGNIFICANT AND MEANINGFUL BOUNCE BACK FOR US, AFTER PARTNERING WITH 369 SCHOOLS IN 2021 DUE TO THE LINGERING EFFECTS OF COVID-19 ON THE PROJECT. IN TOTAL, THE PULSERA PROJECT HAS NOW COLLABORATED WITH 3,468 SCHOOLS, AND WITH THE HELP OF MANY MULTI-YEAR SCHOOL PARTNERSHIPS, 6,807 PULSERA PROJECT SCHOOL EVENTS HAVE BEEN HOSTED BY STUDENTS AND TEACHERS SINCE 2009. NEW DEVELOPMENTS AS SCHOOLS FILLED BACK UP WITH STUDENTS, THE PROJECT WENT THROUGH SOME IMPORTANT CHANGES. WE HIRED DOZENS OF NEW ARTISANS, BEGAN NEW SOCIAL IMPACT COLLABORATIONS, AND ADDED MORE MATERIALS TO THE EDUCATIONAL PROGRAM THAN ANY YEAR IN THE PROJECT'S HISTORY. WE ALSO MADE ONE OF THE MOST CHALLENGING DECISIONS IN THE PROJECT'S HISTORY, RAISING THE COST OF PULSERAS TO $7 AND BOLSITAS TO $15. THIS WAS THE FIRST PRICE CHANGE SINCE THE PULSERA PROJECT WAS FOUNDED IN 2009. AS INFLATION CONTINUED TO SPIKE IN THE U.S, IT HIT CENTRAL AMERICAN COUNTRIES EVEN HARDER, WHERE A SMALL INCREASE IN FOOD OR HOUSING COSTS CAN MEAN MAKING DIFFICULT DECISIONS FOR ONE'S FAMILY. IN LINE WITH OUR FAIR TRADE VALUES, WE RAISED THE COST WE PAY ARTISANS TO KEEP UP WITH THIS NEW REALITY. THOUGH WE KNEW THE DECISION WAS NECESSARY TO KEEP THE PROJECT VIABLE INTO THE FUTURE, WE ALSO RECOGNIZED THE IMPACT ON STUDENTS WHO ARE ALSO AFFECTED BY RISING PRICES. THE EDUCATIONAL PROGRAM SAW ITS LARGEST EXPANSION IN THE PROJECT'S HISTORY, INCLUDING NEW BELLRINGER ACTIVITIES, LESSONS ABOUT THE NEW "COLOR THE WORLD" VIDEO, AND MUCH MORE. WE ALSO MADE OUR EDUCATIONAL RESOURCES PUBLIC FOR THE FIRST TIME, INCREASING THE TRAFFIC TO OUR MATERIALS BY OVER 300%. MEANWHILE, WE EXPANDED OUR ONLINE CONVERSATIONS WITH CLASSES. ANY SCHOOL HOSTING PULSERA SALES CAN NOW SET UP VIRTUAL CHATS WITH SOCIAL IMPACT COORDINATOR JORGE MORALES OR PROJECT CO-FOUNDERS COLIN CRANE AND CHRIS HOWELL. NEW COLLABORATIONS THOUGH WE HAD PREVIOUSLY WORKED WITH THE NATIONAL SPANISH EXAM TO SPONSOR A SLOT ON OUR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1U.S. PULSERA SALES IN 2022 IN 2022 TEACHERS AND STUDENT VOLUNTEERS RAISED $789,595 THROUGH PULSERA SALES IN 692 SCHOOLS, SOME SELLING FOR THE 13TH TIME, WHILE WE WELCOMED 211 SCHOOLS THAT HOSTED PULSERA EVENTS FOR THE FIRST TIME. WE APPRECIATE EACH STUDENT, TEACHER, AND VOLUNTEER WHO HELPED ALONG THE WAY. FROM THE MONEY RAISED BY SCHOOLS, THE PULSERA PROJECT SEEKS TO INVEST EQUALLY IN OUR THREE COMPONENTS ARTISAN EMPLOYMENT, IMPACT INVESTMENT, AND THE U.S. SERVICE-LEARNING EDUCATIONAL PROGRAM. THIS YEAR WE MADE SUBSTANTIAL INVESTMENTS IN EACH, ESPECIALLY IN THE OFTEN ARDUOUS BUT NECESSARY TASK OF FOSTERING NEW RELATIONSHIPS AND MAKING NEW CONNECTIONS. IN 2022 THE PROJECT INVESTED $415,276 IN OUR EMPLOYMENT AND IMPACT PROGRAMS IN CENTRAL AMERICA. THE $100,043 SPENT TOWARD IMPACT INVESTMENTS IN 2022 INCLUDED $80,043 IN GRANTS TO SUPPORT LONGTIME PROJECT ALLIES AS WELL AS MANY NEW EMERGING PARTNERSHIPS. GROUPS SUPPORTED - ADISA, AJ QUEN, ARTEXCO, ASOGEN, ASOMUJERDI, COJOLYA, IMAP, LA ESPERANZA GRANADA, RAIZ CHE, WARICHA. IN ADDITION, WE PROVIDED A $20,000 2-YEAR INVESTMENT IN THE MEDIA DEVELOPMENT INVESTMENT FUND, WHICH SUPPORTS FREE PRESS INITIATIVES WORLDWIDE, INCLUDING IN GUATEMALA. ADELANTE IN 2023 AS WE LOOK TOWARDS 2023, WE ARE FILLED WITH PROFOUND HUMILITY AND GRATITUDE TO EVERY TEACHER, STUDENT, AND VOLUNTEER WHO CONTRIBUTED TO THE PROJECT OVER THE LAST YEAR. WE ALL DEALT WITH UNPRECEDENTED UNCERTAINTY OVER THE LAST FEW YEARS, BUT EVEN THROUGH THE DARKEST DAYS IT WAS THE BONDS THAT CONNECTED US THAT KEPT US GOING. WE'VE ALWAYS KNOWN THAT THE HEART OF THE PULSERA PROJECT ISN'T THE BRACELETS, THE VIDEOS, OR EVEN THE SALES, BUT THE AMAZING NETWORK OF ARTISANS, STUDENTS, TEACHERS, ACTIVISTS, AND VOLUNTEERS THAT HAS BROUGHT PEOPLE TOGETHER ACROSS BORDERS, CULTURAL DIVIDES, AND THOUSANDS OF MILES. THIS WAS PROVEN ESPECIALLY TRUE IN 2022, AS WE WORKED TO STITCH THE PROJECT BACK TOGETHER IN A NEW AND IMPROVED FORM. OUR DREAMS FOR THE FUTURE REMAIN LARGE DESPITE THE SETBACKS WE HOPE TO DEVELOP CLOSER RELATIONSHIPS WITH OUR OVER 200 ARTISTS IN THE COMING YEAR, CONTINUE OUR TEACHER TRIPS, AND COLLABORATE MORE, ALWAYS WORKING TOWARDS THE BRIGHTER AND MORE JUST WORLD THAT WE ALL STRIVE TO BE A PART OF. THE LAST FEW YEARS ROCKED THE PROJECT TO ITS FOUNDATIONS, AND DESPITE THE LOSSES, IT ALSO GAVE US THE OPPORTUNITY TO EXAMINE THOSE FOUNDATIONS AND ENSURE THEY ARE STRONG, STABLE, AND READY TO WEATHER WHATEVER THE FUTURE HOLDS. WE'RE GRATEFUL TO THE THOUSANDS WHO HAVE HELPED START BUILDING BACK, AND ARE EAGER TO WORK WITH NEW PARTNERS AND ALLIES IN THE YEARS AHEAD. TO QUOTE PATRIK MUCIA FROM IMAP (ONE OF OUR PARTNER ORGANIZATIONS), "WE HAVE PLANTED THE SEEDS AND ARE STARTING TO SEE THE FIRST FRUITS OF THOSE SEEDS, SO WHY NOT PLANT MORE? WHY NOT GROW MORE?" WE CANNOT WAIT TO KEEP GROWING, LEARNING, AND PLANTING NEW SEEDS TOGETHER AS WE MOVE INTO THE FUTURE. A FINAL NOTE A MORE IN-DEPTH OVERVIEW OF OUR 2022 PROGRAM ACCOMPLISHMENTS CAN BE FOUND AS PART OF OUR ANNUAL YEAR-END REVIEW AT HTTPS://WWW.PULSERAPROJECT.ORG/YEARENDREVIEW2022
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/ExplanationTxt5GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 4A, DESCRIPTION OF PROGRAM SERVICE CONTINUED:
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/TotalAssetsBOYAmt0767750
IRS990/TotalAssetsEOYAmt0834822
IRS990/TotalAssetsGrp/BOYAmt0767750
IRS990/TotalAssetsGrp/EOYAmt0834822
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt055215
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010525
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0533010
IRS990/TotalFunctionalExpensesGrp/TotalAmt0543535
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0150000

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