Civic Intelligence

Raise Hope Foundation Inc

990EZ • Fiscal year 2016 • EIN 27-2461923

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileN/A
21 Laurel CourtVerona, NJ 07044

(973) 857-5000

Siviq Scores

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

Liabilities / Assets

98th percentile

5.49x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

100th percentile

17.95x

Higher debt load relative to revenue than 100% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

76th percentile

27%

Faster asset growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-89%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$6,831

Up $1,435 (+27%) from 2015

Net Assets

Up

-$30,663

Up $441 (+1.4%) from 2015

Liabilities

Up

$37,494

Up $994 (+2.7%) from 2015

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin78th percentile

Revenue

Down

$2,089

Down $16,951 (-89%) from 2015

Expenses

Down

$1,648

Down $4,901 (-75%) from 2015

Net Income

Down

$441

Down $12,050 (-96%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$100K$50K$0-$50KAssets 2012: $9,940Net Assets 2012: $9,9402012Assets 2013: $5,274Net Assets 2013: $5,2742013Assets 2014: $8,905Liabilities 2014: $52,500Net Assets 2014: -$43,5952014Assets 2015: $5,396Liabilities 2015: $36,500Net Assets 2015: -$31,1042015Assets 2016: $6,831Liabilities 2016: $37,494Net Assets 2016: -$30,6632016

Highlighted filing

2016

Assets$6,831
Liabilities$37,494
Net Assets-$30,663
Open 2016 Filing

Operations Trend

Revenue Growth3rd percentile

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

$150K$100K$50K$0-$50KRevenue 2012: $59,024Expenses 2012: $50,227Net Income 2012: $8,7972012Revenue 2013: $131,310Expenses 2013: $135,976Net Income 2013: -$4,6662013Revenue 2014: $98,319Expenses 2014: $147,188Net Income 2014: -$48,8692014Revenue 2015: $19,040Expenses 2015: $6,549Net Income 2015: $12,4912015Revenue 2016: $2,089Expenses 2016: $1,648Net Income 2016: $4412016

Highlighted filing

2016

Revenue$2,089
Expenses$1,648
Net Income$441
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$2,089
Mission and Program Overview

Mission

The mission of the organization is to train, mentor, and place people with disabilities and military veterans in competitive careers in financial services.

Program Services

DescriptionGrantsExpenses
DEVELOPMENT OF CLASS CURRICULUM AND OPERATION OF FINANCIAL CAREER PLANNING AND WORK-LIFE BALANCE PROGRAM.$530-
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SCOTT CHESNEYTrusteePT$0--
BRIAN ROGERSTrustee-$0--
MICHAEL TESTATrustee-$0--
ANTHONY CLANDRATrustee-$0--
FRANK CALABRESETrustee-$0--
Filing and Contact Details

Filer

Filer Name
Raise Hope Foundation Inc
EIN
27-2461923
Phone
9738575000
Address
21 LAUREL COURT, VERONA, NJ 07044

Signing Officer

Name
Scott Chesney
Title
President
Signed
2017-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Fortunato & Pirrello LLC
Address
300 BROADACRES DR Ste 150, BLOOMFIELD, NJ 07003
Preparer
Joseph P Pirrello
Phone
9737444022
Supplemental Narrative

Additional Explanations

Other Expenses.1

“BANK CHARGES $1118”

Other Expenses.2

“OUTSOURCED TRAINING $530”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $36500 Unsecured Notes and Loans Payable - Ending $37494”

Raw XML Appendix141 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0JOSEPH P PIRRELLO CPA
IRS990EZ/BooksInCareOfDetail/PhoneNum09737444022
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0300 BROADACRES DRIVE SUITE 150
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BLOOMFIELD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd007003
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05396
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IRS990EZ/ContributionsGiftsGrantsEtcAmt02089
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IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
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IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0441
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt05396
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IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt02089
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-31104
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-30663
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-31104
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0SCOTT CHESNEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1BRIAN ROGERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MICHAEL TESTA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ANTHONY CLANDRA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4FRANK CALABRESE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Trustee
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Trustee
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt01648
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE ORGANIZATION IS TO TRAIN, MENTOR, AND PLACE PEOPLE WITH DISABILITIES AND MILITARY VETERANS IN COMPETITIVE CAREERS IN FINANCIAL SERVICES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DEVELOPMENT OF CLASS CURRICULUM AND OPERATION OF FINANCIAL CAREER PLANNING AND WORK-LIFE BALANCE PROGRAM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0530
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt036500
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt01648
IRS990EZ/TotalProgramServiceExpensesAmt0530
IRS990EZ/TotalRevenueAmt02089
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt019040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt091908
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0106602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt055374
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0275013
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0275013
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02089
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt019040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt091908
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0106602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt055374
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0275013
IRS990ScheduleA/TotalSupportAmt0275013
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BANK CHARGES $1118
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUTSOURCED TRAINING $530
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Unsecured Notes and Loans Payable - Beginning $36500 Unsecured Notes and Loans Payable - Ending $37494
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Total Liabilities.1008
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT CHESNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAISE HOPE FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIS
ReturnHeader/Filer/EIN0272461923
ReturnHeader/Filer/PhoneNum09738575000
ReturnHeader/Filer/USAddress/AddressLine1Txt021 LAUREL COURT
ReturnHeader/Filer/USAddress/CityNm0VERONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007044
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FORTUNATO & PIRRELLO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0300 BROADACRES DR Ste 150
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007003
ReturnHeader/PreparerPersonGrp/PhoneNum09737444022
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joseph P Pirrello
ReturnHeader/ReturnTs02017-11-15T18:11:39-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,831
Liabilities
$37,494
Net assets
-$30,663
Revenue
$2,089
Expenses
$1,648
Net income
$441
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.07$0.37$0.31$0.02$0.02$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.37$0.31$0.19$0.07$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.09$0.53$0.44$0.98$1.47$0.49
2013Detailed filing. Detailed filing data is available for this year.$0.05$0.05$1.31$1.36$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.10$0.59$0.50$0.09