Civic Intelligence

Discover Hope 517

990 • Fiscal year 2019 • EIN 47-3987667

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

733 1st Ave ENewton, IA 50208

(641) 417-0136

Siviq Scores

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

Liabilities / Assets

80th percentile

0.33x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

1.09x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

100th percentile

2000%

Faster asset growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

15th percentile

-22%

Faster revenue growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$607,690

Up $578,750 (+2000%) from 2018

Net Assets

Up

$407,690

Up $378,750 (+1309%) from 2018

Liabilities

Up

$200,000

Up $200,000 from 2018

Revenue

Down

$183,614

Down $50,380 (-22%) from 2018

Expenses

Down

$127,995

Down $146,872 (-53%) from 2018

Net Income

Up

$55,619

Up $96,492 (+236%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $12,559Liabilities 2015: $0Net Assets 2015: $12,5592015Assets 2016: $23,867Liabilities 2016: $0Net Assets 2016: $23,8672016Assets 2017: $69,813Liabilities 2017: $0Net Assets 2017: $69,8132017Assets 2018: $28,940Liabilities 2018: $0Net Assets 2018: $28,9402018Assets 2019: $607,690Liabilities 2019: $200,000Net Assets 2019: $407,6902019Assets 2020: $698,299Liabilities 2020: $156,768Net Assets 2020: $541,5312020Assets 2021: $664,599Liabilities 2021: $171,508Net Assets 2021: $493,0912021Assets 2022: $622,351Liabilities 2022: $163,491Net Assets 2022: $458,8602022Assets 2023: $594,119Liabilities 2023: $148,159Net Assets 2023: $445,9602023Assets 2024: $553,703Liabilities 2024: $57,082Net Assets 2024: $496,6212024

Highlighted filing

2019

Assets$607,690
Liabilities$200,000
Net Assets$407,690

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2015: $23,569Expenses 2015: $11,010Net Income 2015: $12,5592015Revenue 2016: $62,722Expenses 2016: $51,414Net Income 2016: $11,3082016Revenue 2017: $96,429Expenses 2017: $50,483Net Income 2017: $45,9462017Revenue 2018: $233,994Expenses 2018: $274,867Net Income 2018: -$40,8732018Revenue 2019: $183,614Expenses 2019: $127,995Net Income 2019: $55,6192019Revenue 2020: $340,054Expenses 2020: $206,213Net Income 2020: $133,8412020Revenue 2021: $289,358Expenses 2021: $301,884Net Income 2021: -$12,5262021Revenue 2022: $283,004Expenses 2022: $317,334Net Income 2022: -$34,3302022Revenue 2023: $246,254Expenses 2023: $259,154Net Income 2023: -$12,9002023Revenue 2024: $294,774Expenses 2024: $242,622Net Income 2024: $52,1522024

Highlighted filing

2019

Revenue$183,614
Expenses$127,995
Net Income$55,619
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.1
Gross Receipts
$183,614
Mission and Program Overview

Mission

To support men fighting addictions

To support men fighting addictions by helping them develop a personal relationshipwith jesus christ

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$571,951-
Cash and Non-Interest-Bearing Accounts$28,940$21,439▼ $7,501
Savings and Temporary Cash Investments-$14,300-
Total Assets$28,940$607,690▲ $578,750
Liabilities
Mortgage Notes Payable Secured by Investment Property-$200,000-
Total Liabilities$0$200,000▲ $200,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$28,940$407,690▲ $378,750
Total Net Assets Fund Balance$28,940$407,690▲ $378,750
Total Liabilities and Net Assets / Fund Balance$28,940$607,690▲ $578,750

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$360,000--
Leasehold Improvements$211,951--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Josh WermagerPresident
Dan PopmaBoard Member
James MillerBoard Member
Joanne PhilbinBoard Member
Mitch RoushBoard Member
Sara GuthrieBoard Member
Robert RobinsonExecutive Director
Loralea BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$183,422
Program Service Revenue
$0
Investment Income
$192
Other Revenue
$0
All Other Contributions
$183,422
Change in Net Assets
$55,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,764
Salaries, Compensation, and Employee Benefits$31,231
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$29,012-$29,012
Occupancy$10,698$14,054-$24,752
All Other Expenses-$19,066-$19,066
Depreciation Depletion-$10,602-$10,602
Interest-$9,775-$9,775
Insurance-$4,907-$4,907
Office Expenses-$4,208-$4,208
Information Technology-$2,966-$2,966
Advertising-$2,503-$2,503
Conferences and Meetings$1,083$1,195-$2,278
Payroll Taxes-$2,219-$2,219
Fees for Services Other-$1,891-$1,891
Travel-$1,496-$1,496
Other Expenses$6,038$176-$176
Total Functional Expenses$17,819$110,176$0$127,995
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 is provided to the board for review prior to submission.

Governing documents etc available to public Part VI line 19

The income tax return is made available by request. Unaudited financial statements may also be requested.

Filing and Contact Details

Filer

Filer Name
Discover Hope 517
EIN
47-3987667
Address
733 1ST AVE E, NEWTON, IA 50208

Signing Officer

Name
Robert Robinson
Title
Treasurer
Phone
6418310927
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Robinson
Formed
2015
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
20

Preparer

Firm
Dimensions Accounting Pc
Address
710 First Ave E, Newton, IA 50208
Preparer
Sherry Griggs
Phone
6417922058
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Purchased a building and remodeled it. Increase net assets 323131

List of other expenses Part IX line 24E

Costs to remodel living space into individual units to provide temporary housing for men utilizing services.

Raw XML Appendix390 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE INCOME TAX RETURN IS MADE AVAILABLE BY REQUEST. UNAUDITED FINANCIAL STATEMENTS MAY ALSO BE REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PURCHASED A BUILDING AND REMODELED IT. INCREASE NET ASSETS 323131
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COSTS TO REMODEL LIVING SPACE INTO INDIVIDUAL UNITS TO PROVIDE TEMPORARY HOUSING FOR MEN UTILIZING SERVICES.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT ROBINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06418310927
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DISCOVER HOPE 517
ReturnHeader/Filer/BusinessNameControlTxt0DISC
ReturnHeader/Filer/EIN0473987667
ReturnHeader/Filer/USAddress/AddressLine1Txt0733 1ST AVE E
ReturnHeader/Filer/USAddress/CityNm0NEWTON
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId042449420203204bqnpty
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.22.191.117
ReturnHeader/FilingSecurityInformation/IPDt02020-11-15
ReturnHeader/FilingSecurityInformation/IPTm012:14:24
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471109401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIMENSIONS ACCOUNTING PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0710 First Ave E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Newton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050208
ReturnHeader/PreparerPersonGrp/PhoneNum06417922058
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Sherry Griggs
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-11-15T12:10:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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