Civic Intelligence

Sprouting Hope Inc.

990EZ • Fiscal year 2018 • EIN 47-1753506

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

PO Box 1811Marion, VA 24354

(276) 212-1202

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

81st percentile

26%

Higher net margin than 81% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

73rd percentile

21%

Faster asset growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-53%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$17,585

Up $3,100 (+21%) from 2017

Net Assets

Up

$17,389

Up $3,719 (+27%) from 2017

Liabilities

Down

$196

Down $619 (-76%) from 2017

Revenue

Down

$14,045

Down $16,023 (-53%) from 2017

Expenses

Down

$10,326

Down $14,766 (-59%) from 2017

Net Income

Down

$3,719

Down $1,257 (-25%) from 2017

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2017: $14,485Liabilities 2017: $815Net Assets 2017: $13,6702017Assets 2018: $17,585Liabilities 2018: $196Net Assets 2018: $17,3892018Assets 2019: $34,702Liabilities 2019: $174Net Assets 2019: $34,5282019Assets 2020: $24,242Liabilities 2020: $200Net Assets 2020: $24,0422020Assets 2021: $27,815Liabilities 2021: $347Net Assets 2021: $27,4682021Assets 2024: $60,272Liabilities 2024: $0Net Assets 2024: $60,2722024

Highlighted filing

2018

Assets$17,585
Liabilities$196
Net Assets$17,389

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2017: $30,068Expenses 2017: $25,092Net Income 2017: $4,9762017Revenue 2018: $14,045Expenses 2018: $10,326Net Income 2018: $3,7192018Revenue 2019: $26,533Expenses 2019: $9,394Net Income 2019: $17,1392019Revenue 2020: $7,763Expenses 2020: $18,250Net Income 2020: -$10,4872020Revenue 2021: $21,282Expenses 2021: $17,856Net Income 2021: $3,4262021Revenue 2024: $52,397Expenses 2024: $33,017Net Income 2024: $19,3802024

Highlighted filing

2018

Revenue$14,045
Expenses$10,326
Net Income$3,719
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$15,188
Mission and Program Overview

Mission

To feed the community by growing and sharing healthy food

Program Services

DescriptionGrantsExpenses
COMMUNITY GARDEN: DIRECT PARTICIPANTS COME FROM LOW INCOME, YOUTH AND MENTAL HEALTH SUPPORT BACKGROUNDS. WE PROVIDE 3 VOLUNTEER WORK DAYS A WEEK DURING THE GROWING SEASON WHICH IS APPROXIMATELY 6 HOURS WEEKLY. WE GROW AN ESTIMATED 5,000 LBS OF PRODUCE THAT IS SHARED BETWEEN PARTICIPANTS AND APPROXIMATELY 300 FAMILIES THROUGH DISTRIBUTION CHANNELS IN LOCAL FOOD PANTRIES, SOUP KITCHENS, A FREE CLINIC AND THE SENIOR CENTER.-$8,261
WE OFFERED A VARIETY OF EDUCATIONAL PROGRAMS TEACHING ASPECTS OF GROWING AND EATING HEALTHY FOODS FOR IMPROVED FOOD SECURITY AND NUTRITION. SERVED 40-60 PARTICIPANTS EACH MONTH THROUGH 6 MONTHLY EDUCATIONAL PROGRAMS OFFERED AT THE MARION FAMERS MARKET AND 15-20 FAMILIES THROUGH CLASSES ON GROWING AND PRESERVING FOOD.-$991
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
HEATHER BUNCHPresident-$0--
JAMES MCDOWELLVice Preside-$0--
KAREN CHAMBERLAINSecretary-$0--
LATRICIA IRVINTreasurer-$0--
ELEANOR SAUNDERSTrustee-$0--
MARY BETH GRAHAMTrustee-$0--
PAUL MORRISONTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Sprouting Hope Inc
EIN
47-1753506
Phone
2762121202
Address
PO BOX 1811, MARION, VA 24354

Signing Officer

Name
Latricia Irvin
Title
Treasurer
Phone
2767800420
Signed
2019-11-04

Preparer

Firm
Albano & Associates Plc
Address
PO BOX 229, MARION, VA 24354-0229
Preparer
Latricia Irvin
Phone
2767837257
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses community garden 491 insurance 660 total 1,151

Form 990-ez, Part II, Line 24

Accounts receivable 902 0 total 902 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 815 196

Form 990-ez, Part III, Line 28

Community garden: direct participants come from low income, youth and mental health support backgrounds. We provide 3 volunteer work days a week during the growing season which is approximately 6 hours weekly. We grow an estimated 5,000 lbs of produce that is shared between participants and approximately 300 families through distribution channels in local food pantries, soup kitchens, a free clinic and the senior center.

Form 990-ez, Part III, Line 29

We offered a variety of educational programs teaching aspects of growing and eating healthy foods for improved food security and nutrition. Served 40-60 participants each month through 6 monthly educational programs offered at the marion famers market and 15-20 families through classes on growing and preserving food.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES COMMUNITY GARDEN 491 INSURANCE 660 TOTAL 1,151
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 902 0 TOTAL 902 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 815 196
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMMUNITY GARDEN: DIRECT PARTICIPANTS COME FROM LOW INCOME, YOUTH AND MENTAL HEALTH SUPPORT BACKGROUNDS. WE PROVIDE 3 VOLUNTEER WORK DAYS A WEEK DURING THE GROWING SEASON WHICH IS APPROXIMATELY 6 HOURS WEEKLY. WE GROW AN ESTIMATED 5,000 LBS OF PRODUCE THAT IS SHARED BETWEEN PARTICIPANTS AND APPROXIMATELY 300 FAMILIES THROUGH DISTRIBUTION CHANNELS IN LOCAL FOOD PANTRIES, SOUP KITCHENS, A FREE CLINIC AND THE SENIOR CENTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WE OFFERED A VARIETY OF EDUCATIONAL PROGRAMS TEACHING ASPECTS OF GROWING AND EATING HEALTHY FOODS FOR IMPROVED FOOD SECURITY AND NUTRITION. SERVED 40-60 PARTICIPANTS EACH MONTH THROUGH 6 MONTHLY EDUCATIONAL PROGRAMS OFFERED AT THE MARION FAMERS MARKET AND 15-20 FAMILIES THROUGH CLASSES ON GROWING AND PRESERVING FOOD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 29
ReturnHeader/BuildTS02020-03-31 21:24:44Z
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ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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