Civic Intelligence

New Hope for Guatemala Incorporated

EIN 47-1062391 • 501(c)3 • Oak Grove, AR

RevokedPub. 78 EligibleNTEE S02

Profile

New Hope for Guatemala assists municipalities in impoverished rural areas of Guatemala to organize local high schools so that students may break out of a generational cycle of poverty to continue their education beyond sixth grade. Without a high school diploma, they cannot qualify for college and many trade schools. Our business model calls for us to recruit local civic leaders to establish their own local high school. We inspire them to find and rehabilitate available buildings, then recruit students. With outside donations, we underwrite repairs, supplies and equipment, and pay salaries for teachers and administrators. We challenge officials to achieve high achievement and graduation rates, then assist them in putting the school under the authority of the Guatemalan ministry of education. The government usually phases in gradually, beginning to pay salaries and take over upkeep and infrastructure. This allows our team to move on to a new area needing assistance.

Revocation date: May 15, 2020

1565 County Road 667Oak Grove, AR 72660

www.newhopeforguatemala.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S • <$500k nonprofits • Source year 2023

Net Margin

36th percentile

-0.2%

Higher net margin than 36% of similar nonprofits.

NTEE S • <$500k nonprofits • Source year 2023

Top Officer Pay

88th percentile

$11,506

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

NTEE S • <$500k nonprofits • Source year 2023

Asset Growth

36th percentile

-8.4%

Faster asset growth than 36% of similar nonprofits.

NTEE S • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

-1.5%

Faster revenue growth than 48% of similar nonprofits.

NTEE S • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$5,040

Down $461 (-8.4%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$5,040

Down $461 (-8.4%) from 2022

Revenue

Down

$194,718

Down $3,031 (-1.5%) from 2022

Expenses

Down

$195,179

Down $5,589 (-2.8%) from 2022

Net Income

Up

-$461

Up $2,558 (+85%) from 2022

Trend Graphs

Balance Sheet Trend

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

$10K$5.0K$0Assets 2020: $2,083Liabilities 2020: $0Net Assets 2020: $2,0832020Assets 2021: $8,520Liabilities 2021: $0Net Assets 2021: $8,5202021Assets 2022: $5,501Liabilities 2022: $0Net Assets 2022: $5,5012022Assets 2023: $5,040Liabilities 2023: $0Net Assets 2023: $5,0402023

Highlighted filing

2023

Assets$5,040
Liabilities$0
Net Assets$5,040

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $175,028Expenses 2020: $177,993Net Income 2020: -$2,9652020Revenue 2021: $242,319Expenses 2021: $235,882Net Income 2021: $6,4372021Revenue 2022: $197,749Expenses 2022: $200,768Net Income 2022: -$3,0192022Revenue 2023: $194,718Expenses 2023: $195,179Net Income 2023: -$4612023

Highlighted filing

2023

Revenue$194,718
Expenses$195,179
Net Income-$461

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$194,718
Mission and Program Overview

Mission

New Hope for Guatemala assists municipalities in impoverished rural areas of Guatemala to organize local high schools so that students may break out of a generational cycle of poverty to continue their education beyond sixth grade. Without a high school diploma, they cannot qualify for college and many trade schools. Our business model calls for us to recruit local civic leaders to establish their own local high school. We inspire them to find and rehabilitate available buildings, then recruit students. With outside donations, we underwrite repairs, supplies and equipment, and pay salaries for teachers and administrators. We challenge officials to achieve high achievement and graduation rates, then assist them in putting the school under the authority of the Guatemalan ministry of education. The government usually phases in gradually, beginning to pay salaries and take over upkeep and infrastructure. This allows our team to move on to a new area needing assistance.

To address, educate, coordinate and provide aid and relief to low-income, at-risk, disadvantaged and distressed persons with a focus on the Republic of Guatemala.

Program Services

DescriptionGrantsExpenses
In the wake of the COVID-19 lockdowns and the resulting downturn in tourism here as well as natural disasters and epidemic fever, we have found ourselves much more engaged than planned in helping the people of the towns we serve to obtain food, medical services and basic necessities, such as diapers and medications. We have assisted in this way for years, but the need seems to have increased. Guatemala has experienced severe unemployment, a virtual shutdown of the slowly recovering tourist industry and the near collapse of local economies.$0$65,061
As we have in the past, we were able to host trips by health professionals and volunteer workers traveling from the United States to help the people in the towns that we serve. The largest group that we hosted was the Circle of Love Foundation of Rockford, Illinois.$0$65,059
Our primary mission is to identify rural, impoverished communities where youth have no access to secondary education. We then work with community leaders to organize a local high school. Our role is to fund the start-up costs, including teachers and administrators salaries, until the Guatemalan Ministry of Education can provide support. This year, we did the majority of our work in the towns of El Rodeo, Antigua, Chuchuca, and El Tesoro at schools there. These included 1) Escuela Basica INBACOOP de El Rodeo, 2) Colegios de Region de Antigua, 3) Escuela Nueva Esperanza de Chuchuca, 4) Escuelas Oficiales de El Tesoro and 5) Escuelas Primarias de El Rodeo.$65,059$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrew LoveallPresident-$11,506-$11,506
Rob KerbySecretary/Treasurer-$0--
Craig RamseyVice President-$0--
Filing and Contact Details

Filer

Filer Name
New Hope for Guatemala Incorporated
EIN
47-1062391
Phone
8704806170
Address
1565 County Road 667, Oak Grove, AR 72660

Signing Officer

Name
Rob Kerby
Title
Secretary
Phone
8704806170
Signed
2024-05-15
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

Fundraising Travel $4,362 Travel within Guatemala $4001.47

Raw XML Appendix191 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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