Civic Intelligence

Reach Out Honduras Inc

EIN 27-2306632 • 501(c)3 • McKinney, TX

Profile

The purposes of Reach Out Honduras are charitable in nature and include but not limited to feeding the hungry, relief of poverty, caring for orphans and vulnerable children and advancement of education in Honduras.

PO Box 2993McKinney, TX 75070

www.reachouthonduras.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Higher debt load relative to revenue than 35% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

41st percentile

0.4%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

43rd percentile

0.5%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-4.1%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$381,358

Down $78,824 (-17%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$381,358

Down $78,824 (-17%) from 2021

Revenue

Down

$509,751

Down $6,576 (-1.3%) from 2021

Expenses

Up

$588,575

Up $45,291 (+8.3%) from 2021

Net Income

Down

-$78,824

Down $51,867 (-192%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2012: $67,964Net Assets 2012: $67,9642012Assets 2013: $68,318Net Assets 2013: $68,3182013Assets 2014: $170,396Liabilities 2014: $0Net Assets 2014: $170,3962014Assets 2019: $392,358Liabilities 2019: $383Net Assets 2019: $391,9752019Assets 2020: $487,139Liabilities 2020: $0Net Assets 2020: $487,1392020Assets 2021: $460,182Liabilities 2021: $0Net Assets 2021: $460,1822021Assets 2022: $381,358Liabilities 2022: $0Net Assets 2022: $381,3582022

Highlighted filing

2022

Assets$381,358
Liabilities$0
Net Assets$381,358

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $82,119Expenses 2012: $48,014Net Income 2012: $34,1052012Revenue 2013: $177,521Expenses 2013: $177,167Net Income 2013: $3542013Revenue 2014: $273,589Expenses 2014: $171,511Net Income 2014: $102,0782014Revenue 2019: $510,803Expenses 2019: $489,942Net Income 2019: $20,8612019Revenue 2020: $554,247Expenses 2020: $459,083Net Income 2020: $95,1642020Revenue 2021: $516,327Expenses 2021: $543,284Net Income 2021: -$26,9572021Revenue 2022: $509,751Expenses 2022: $588,575Net Income 2022: -$78,8242022

Highlighted filing

2022

Revenue$509,751
Expenses$588,575
Net Income-$78,824

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 14, 2021
Return Version
2020v4.0
Gross Receipts
$614,929
Mission and Program Overview

Mission

The purposes of Reach Out Honduras are charitable in nature and include but are not limited to advancement of education, feeding the hungry, caring for orphans and vulnerable children, and relief of poverty in Honduras.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$129,174$248,352▲ $119,178
Land, Buildings, and Equipment, Net$257,008$236,226▼ $20,782
Accounts Receivable$6,176$2,561▼ $3,615
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$392,358$487,139▲ $94,781
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$383$0▼ $383
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$383$0▼ $383
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$261,565$336,180▲ $74,615
Net Assets With Donor Restrictions$130,410$150,959▲ $20,549
Total Net Assets Fund Balance$391,975$487,139▲ $95,164
Total Liabilities and Net Assets / Fund Balance$392,358$487,139▲ $94,781

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$212,185$44,599$256,784
Equipment$24,041$54,855$78,896
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura WaitsCo-Founder, DirectorFT$25,000$25,000

Board Members and Trustees

NameTitle
Jeff GouldChairman
Charlie JamesCo-Director of Fundraising
Russell HallCo-Director of Fundraising
Alexander WaitsCo-Founder
Glenda CollinsMember at Large
Heidi LawrenceMember at Large
Bethany GrayMissions Care and Volunteer Coordinator
Kristin KiddSecretary
Gary CochranSpiritual Advisor
James TemplerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$570,713
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-16,466
All Other Contributions
$459,659
Change in Net Assets
$95,164

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table92$10,842Fair Market Value (FMV)
Clothing and Household Goods-$4,975Fair Market Value (FMV)
Other Non Cash Contri Table1$1,800Fair Market Value (FMV)
Other Non Cash Contri Table17$170Fair Market Value (FMV)
Total Noncash Contributions110$17,787-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$415,515
Salaries, Compensation, and Employee Benefits$26,913
Grants and Similar Amounts Paid$16,655
Total Fundraising Expense$1,346
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$347,342$0$0$347,342
Current Officers, Directors, Trustees, and Key Employees$21,250$2,500$1,250$25,000
Depreciation Depletion$20,781$0$0$20,781
Foreign Grants$16,655--$16,655
Advertising$0$15,545$0$15,545
Office Expenses$0$11,320$0$11,320
Occupancy$6,669$0$0$6,669
Travel$5,672$0$0$5,672
Information Technology$0$4,394$0$4,394
Insurance$0$1,953$0$1,953
Payroll Taxes$1,626$191$96$1,913
Fees for Services Management$0$1,839$0$1,839
Total Functional Expenses$419,995$37,742$1,346$459,083
International Activity

International Summary

Offices
1
Employees
43
Spending
$374,793

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 ServicesSchool Operations for IVA143$374,793
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$58,807
Fundraising Gross Income$42,471
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$67,872$22,884$4,123$18,761
Auction$85,653$19,587$10,412$9,175
Total Events$153,525$42,471$58,807$-16,336
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
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
No
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

The two board members that are co-founders, Alex and Laura Waits, are a married couple.

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

The Form 990 was distributed electronically to the governing body prior to filing the form.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements were available to the public by request.

Filing and Contact Details

Filer

Filer Name
Reach Out Honduras Inc
EIN
27-2306632
Phone
2145326994
Address
PO Box 2993, McKinney, TX 75070

Signing Officer

Name
James Templer
Title
Treasurer
Phone
2145326994
Signed
2021-05-14

Organization Details

Principal Officer
Reach Out Honduras
Formed
2010
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
9
Employees
1
Volunteers
15
Raw XML AppendixShowing 400 of 710 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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IRS990/Form990PartVIISectionAGrp/PersonNm1Alexander Waits
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IRS990/GrossSalesOfInventoryAmt01745
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04394
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt04394
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt01953
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt01953
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt099454
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0257008
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0236226
IRS990/LandBldgEquipCostOrOtherBssAmt0335680
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The purposes of Reach Out Honduras are charitable in nature and include but are not limited to advancement of education, feeding the hungry, caring for orphans and vulnerable children, and relief of poverty in Honduras.
IRS990/MoreThan5000KToIndividualsInd01
IRS990/MoreThan5000KToOrgInd00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0336180
IRS990/NoncashContributionsAmt017787
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt06669
IRS990/OccupancyGrp/TotalAmt06669
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011320
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt011320
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Program Costs
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt0347342
IRS990/OtherExpensesGrp/TotalAmt0347342
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt096
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0191
IRS990/PayrollTaxesGrp/ProgramServicesAmt01626
IRS990/PayrollTaxesGrp/TotalAmt01913
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Reach Out Honduras
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Missions teams working in Honduras to support all of the program service functions
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt028547
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00

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