Civic Intelligence

Hope Strengthens Foundation

990EZ • Fiscal year 2020 • EIN 27-1653356

Jan 01, 2020 to Dec 31, 2020 • Filed on May 14, 2021

37R Elm StreetMarblehead, MA 01945

(617) 233-2294

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

93rd percentile

65%

Higher net margin than 93% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

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

Asset Growth

86th percentile

81%

Faster asset growth than 86% of similar nonprofits.

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

Revenue Growth

76th percentile

15%

Faster revenue growth than 76% of similar nonprofits.

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

Assets

Up

$123,997

Up $55,490 (+81%) from 2019

Net Assets

Up

$123,997

Up $55,490 (+81%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$85,839

Up $10,924 (+15%) from 2019

Expenses

Down

$30,349

Down $16,876 (-36%) from 2019

Net Income

Up

$55,490

Up $27,800 (+100%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2019: $68,507Liabilities 2019: $0Net Assets 2019: $68,5072019Assets 2020: $123,997Net Assets 2020: $123,9972020Assets 2021: $172,027Liabilities 2021: $0Net Assets 2021: $172,0272021Assets 2022: $139,402Liabilities 2022: $0Net Assets 2022: $139,4022022Assets 2023: $143,169Liabilities 2023: $0Net Assets 2023: $143,1692023Assets 2024: $119,291Liabilities 2024: $0Net Assets 2024: $119,2912024Assets 2025: $167,132Liabilities 2025: $0Net Assets 2025: $167,1322025

Highlighted filing

2020

Assets$123,997
Liabilities-
Net Assets$123,997

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2019: $74,915Expenses 2019: $47,225Net Income 2019: $27,6902019Revenue 2020: $85,839Expenses 2020: $30,349Net Income 2020: $55,4902020Revenue 2021: $177,942Expenses 2021: $129,911Net Income 2021: $48,0312021Revenue 2022: $95,254Expenses 2022: $127,879Net Income 2022: -$32,6252022Revenue 2023: $108,970Expenses 2023: $105,203Net Income 2023: $3,7672023Revenue 2024: $150,606Expenses 2024: $174,484Net Income 2024: -$23,8782024Revenue 2025: $237,937Expenses 2025: $190,096Net Income 2025: $47,8412025

Highlighted filing

2020

Revenue$85,839
Expenses$30,349
Net Income$55,490
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 14, 2021
Return Version
2020v4.0
Gross Receipts
$104,939
Mission and Program Overview

Mission

Hope Strengthens Foundation provides targeted financial support to patients and families facing life-threatening illnesses, disabilities, and traumatic injuries.

Provide targeted financial support to individuals and families facing a life-threatening illness, disability, or recovery from traumatic injuries.

Program Services

DescriptionGrantsExpenses
PROVIDE TARGETED FINANCIAL SUPPORT TO INDIVIDUALS AND FAMILIES FACING A LIFE-THREATENING ILLNESS, DISABILITY, OR RECOVERY FROM TRAUMATIC INJURIES.$26,211$30,349
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JACOB FERREIRACofounder &PT$0--
JAMES FAHEYCofounder &-$0--
JOSEPH MERRYDirector-$0--
RAFAEL MAZERDirector-$0--
KERRY BROTHERSDirector-$0--
KARA WALSHDirector-$0--
RICHARD COOKDirector-$0--
NICOLE STEINBERGDirector-$0--
ADITYA GANGOPADHYAYDirector-$0--
THOMAS CULLENDirector-$0--
SARAH GRADYDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Charity Golf$32,764$32,764$19,100$13,664
10th Birthday C$17,814$17,814-$17,814
Total Events$50,578$50,578$19,100$31,478
Filing and Contact Details

Filer

Filer Name
Hope Strengthens Foundation
EIN
27-1653356
Phone
6172332294
Address
37R ELM STREET, MARBLEHEAD, MA 01945

Signing Officer

Name
Jacob Ferreira
Title
Cofounder & Director
Phone
6172332294
Signed
2021-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Greek Resource Services LLC
Address
PO BOX 1880, TUSCALOOSA, AL 35403-1880
Preparer
Elizabeth Brewer
Phone
2057587754
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I

Grants and similar amounts paid 26211 total breakdown is as follows grants to organizations 16382 grants to individual beneficiaries 9829 other expenses 4138 total breakdown is as follows administrative fees 1931 office expenses 329 information technology 1263 fundraising direct expenses 615

Form 990-ez, Part I, Line 10

Cash contribution: 26,211

Form 990-ez, Part I, Line 16

Expenses 4,138 total 4,138

Form 990-ez, Part III

Provide targeted financial support to individuals and families facing a life-threatening illness, disability, or recovery from traumatic injuries.

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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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CompensationExplanation/CompensationExplanationGrp/PersonNm4KERRY BROTHERS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTS AND SIMILAR AMOUNTS PAID 26211 TOTAL BREAKDOWN IS AS FOLLOWS GRANTS TO ORGANIZATIONS 16382 GRANTS TO INDIVIDUAL BENEFICIARIES 9829 OTHER EXPENSES 4138 TOTAL BREAKDOWN IS AS FOLLOWS ADMINISTRATIVE FEES 1931 OFFICE EXPENSES 329 INFORMATION TECHNOLOGY 1263 FUNDRAISING DIRECT EXPENSES 615
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CASH CONTRIBUTION: 26,211
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES 4,138 TOTAL 4,138
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROVIDE TARGETED FINANCIAL SUPPORT TO INDIVIDUALS AND FAMILIES FACING A LIFE-THREATENING ILLNESS, DISABILITY, OR RECOVERY FROM TRAUMATIC INJURIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JACOB FERREIRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0COFOUNDER & DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06172332294
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE STRENGTHENS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0271653356
ReturnHeader/Filer/PhoneNum06172332294
ReturnHeader/Filer/USAddress/AddressLine1Txt037R ELM STREET
ReturnHeader/Filer/USAddress/CityNm0MARBLEHEAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001945
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEK RESOURCE SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1880
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUSCALOOSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0354031880
ReturnHeader/PreparerPersonGrp/PhoneNum02057587754
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH BREWER
ReturnHeader/ReturnTs02021-05-14T14:32:21-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JACOB
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FERREIRA
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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