Civic Intelligence

Let Hope Rise Foundation

990EZ • Fiscal year 2019 • EIN 81-0800990

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 10, 2020

Organization Profilewww.lethoperisefoundation.org
1929 W Arrowood RoadCharlotte, NC 28217

(704) 927-7630

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

90th percentile

91%

Faster asset growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2019

Revenue Growth

18th percentile

-28%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$75,244

Up $54,708 (+266%) from 2017

Net Assets

$75,244

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin90th percentile

Revenue

Down

$100,355

Down $95,159 (-49%) from 2017

Expenses

Down

$54,178

Down $120,800 (-69%) from 2017

Net Income

Up

$46,177

Up $25,641 (+125%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$80K$60K$40K$20K$0Assets 2017: $20,536Liabilities 2017: $02017Assets 2019: $75,244Liabilities 2019: $0Net Assets 2019: $75,2442019Assets 2020: $66,674Liabilities 2020: $0Net Assets 2020: $66,6742020Assets 2021: $10,783Liabilities 2021: $0Net Assets 2021: $10,7832021Assets 2022: $10,140Liabilities 2022: $0Net Assets 2022: $10,1402022Assets 2023: $3,721Liabilities 2023: $0Net Assets 2023: $3,7212023Assets 2024: $2,296Liabilities 2024: $0Net Assets 2024: $2,2962024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2019

Assets$75,244
Liabilities$0
Net Assets$75,244
Open 2019 Filing

Operations Trend

Revenue Growth18th percentile

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

$200K$100K$0-$100KRevenue 2017: $195,514Expenses 2017: $174,978Net Income 2017: $20,5362017Revenue 2019: $100,355Expenses 2019: $54,178Net Income 2019: $46,1772019Revenue 2020: $29,655Expenses 2020: $38,225Net Income 2020: -$8,5702020Revenue 2021: $30,870Expenses 2021: $86,761Net Income 2021: -$55,8912021Revenue 2022: $67,229Expenses 2022: $67,872Net Income 2022: -$6432022Revenue 2023: $73,080Expenses 2023: $79,499Net Income 2023: -$6,4192023Revenue 2024: $63,567Expenses 2024: $64,992Net Income 2024: -$1,4252024Revenue 2025: $27,008Expenses 2025: $13,880Net Income 2025: $13,1282025

Highlighted filing

2019

Revenue$100,355
Expenses$54,178
Net Income$46,177
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 10, 2020
Return Version
2018v3.0
Gross Receipts
$100,355
Mission and Program Overview

Mission

Let Hope Rise Foundation exists to stabilize families through housing, mentoring and education.

Program Services

DescriptionGrantsExpenses
Let Hope Rise Foundation provided free and/or reduced rent housing to 8 adults and 12 children at risk of homelessness. Each family had a mentor and encourager to teach financial practices, connect with jobs and support and navigate the family through crises. Families who completed the program emerged independent and self-sufficient.$28,719$0
Let Hope Rise provided funding for an art and music camp benefitting 85 children in an underprivileged neighborhood.$1,250$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff YagerPresident & Board Member-$0--
Bobby HinsonSecretary And Board Member-$0--
Kelvin SmithBoard Member-$0--
Ervin BarhamBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Let Hope Rise Foundation
EIN
81-0800990
Phone
7049277630
Address
1929 W Arrowood Road, Charlotte, NC 28217

Signing Officer

Name
Ervin Barham
Title
Board Member
Phone
7048490144
Signed
2020-07-10
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

“Adjusting Entry”

Form 990-EZ, Part I, Line 10

“Housing - $20689 Utilities - $8030 Art/Music Camp $1250”

Form 990-EZ, Part I, Line 16

“Description;Amount^Insurance Premiums;672|Website;214|Meetings and Fundraising Expenses;242|Director Reimbursements;1331^Total;2459^”

Form 990-EZ, Part I, Line 20

“Correction of balances from prior year”

Raw XML Appendix178 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Charlotte
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary and Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Board Member
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IRS990EZ/OtherChangesInNetAssetsAmt010000
IRS990EZ/OtherExpensesTotalAmt02459
IRS990EZ/OtherRevenueTotalAmt050
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Let Hope Rise provided funding for an art and music camp benefitting 85 children in an underprivileged neighborhood.
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IRS990EZ/TotalExpensesAmt054178
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt083250
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Adjusting Entry
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Housing - $20689 Utilities - $8030 Art/Music Camp $1250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;Amount^Insurance Premiums;672|Website;214|Meetings and Fundraising Expenses;242|Director Reimbursements;1331^Total;2459^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Correction of balances from prior year
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 20
ReasonableCauseExplanation/ExplanationTxt0This form is not filed late in accordance with Notice 2020-23 extending prior filing dates to July 15, 2020
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Ervin Barham
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Member
ReturnHeader/BusinessOfficerGrp/PhoneNum07048490144
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LET HOPE RISE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LETH
ReturnHeader/Filer/EIN0810800990
ReturnHeader/Filer/PhoneNum07049277630
ReturnHeader/Filer/USAddress/AddressLine1Txt01929 W Arrowood Road
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028217
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.88.33.23
ReturnHeader/ReturnTs02020-07-10T12:47:14-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$75,244
Liabilities
$0
Net assets
$75,244
Revenue
$100,355
Expenses
$54,178
Net income
$46,177
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.27$0.14$0.13
2024Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.64$0.65$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.73$0.79$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.67$0.68$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.31$0.87$0.56
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.30$0.38$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$1.00$0.54$0.46
2017Summary only. Only limited summary data is available for this year.$0.21$0.00$1.96$1.75$0.21