Civic Intelligence

Chispa Project

990EZ • Fiscal year 2020 • EIN 81-1094634

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 10, 2022

4127 Knox CtDenver, CO 80211

(720) 588-3315

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

76th percentile

27%

Higher net margin than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

96th percentile

365%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

2.7%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$43,463

Up $34,115 (+365%) from 2019

Net Assets

Up

$43,463

Up $34,115 (+365%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$125,890

Up $3,255 (+2.7%) from 2019

Expenses

Down

$91,775

Down $27,169 (-23%) from 2019

Net Income

Up

$34,115

Up $30,424 (+824%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2018: $5,657Liabilities 2018: $0Net Assets 2018: $5,6572018Assets 2019: $9,348Liabilities 2019: $0Net Assets 2019: $9,3482019Assets 2020: $43,463Liabilities 2020: $0Net Assets 2020: $43,4632020Assets 2021: $102,626Liabilities 2021: $0Net Assets 2021: $102,6262021Assets 2022: $74,470Liabilities 2022: $0Net Assets 2022: $74,4702022Assets 2023: $127,768Liabilities 2023: $0Net Assets 2023: $127,7682023Assets 2024: $177,815Liabilities 2024: $0Net Assets 2024: $177,8152024

Highlighted filing

2020

Assets$43,463
Liabilities$0
Net Assets$43,463

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2018: $74,406Expenses 2018: $69,002Net Income 2018: $5,4042018Revenue 2019: $122,635Expenses 2019: $118,944Net Income 2019: $3,6912019Revenue 2020: $125,890Expenses 2020: $91,775Net Income 2020: $34,1152020Revenue 2021: $167,720Expenses 2021: $108,557Net Income 2021: $59,1632021Revenue 2022: $237,514Expenses 2022: $265,670Net Income 2022: -$28,1562022Revenue 2023: $286,742Expenses 2023: $233,444Net Income 2023: $53,2982023Revenue 2024: $400,155Expenses 2024: $350,108Net Income 2024: $50,0472024

Highlighted filing

2020

Revenue$125,890
Expenses$91,775
Net Income$34,115
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 10, 2022
Return Version
2020v4.0
Gross Receipts
$125,890
Mission and Program Overview

Mission

In Spanish, "chispa" means "spark," which is exactly our goal: to inspire and empower Honduran students with access to books by creating school libraries through a community driven approach. We work directly with local Honduran leaders to bring students their first children's books and support the new libraries throughout the school year. We also provide an integral training with parents, teachers, and students for the best usage of the books to improve children's reading fluency and comprehension. Finally, we use local and international volunteers to help fund and support new libraries while facilitating intercultural opportunities within different Honduran and international communities.

Program Services

DescriptionGrantsExpenses
New School Libraries: 5 new children's libraries installed in 5 elementary schools. One mobile library program outreach for a rural school district affecting 10 elementary, kindergarten and middle schools. These programs reached 3,334 Honduran students$0$62,452
Emergency Educational Programming: We provided distance learning school supplies and biosecurity measures for 12 different schools. www.chispaproject.org/sos$0$10,817
Volunteer Program including 25 international volunteers and their expenses related to the cultural exchange and volunteer work of setting up a library for 1,000 children.$0$7,150
Hurricane Relief for Eta and Iota that hit Honduras within 2 weeks of each other. We provided over 2,500 lbs of supplies for students who lost their homes.$0$4,000
Teacher and Librarian Training: 4 workshops training 104 teachers and librarians on how to engage children in literacy in more creative techniques to improve reading comprehension and fluency.$0$3,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sara Burkes BrakhaneExecutive DirectorPT$0--
Katie DoylePresident, Board Of DirectorsPT$0--
Laural MullinexVice President, Board Of DirectorsPT$0--
Norris BurkesSecretary, Board Of DirectorsPT$0--
Cynthia ChasteenTreasurer, Board Of DirectorsPT$0--
Vicki IliffMember, Board Of DirectorsPT$0--
Filing and Contact Details

Filer

Filer Name
Chispa Project
EIN
81-1094634
Phone
7205883315
Address
4127 Knox Ct, Denver, CO 80211

Signing Officer

Name
Sara Burkes
Title
Director
Phone
7205883315
Signed
2022-11-10
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

SBA Loan

Form 990-EZ, Part I, Line 16

Description;Amount^Library Supplies and decorations;14216|Office Supplies;7588|Travel Expenses room and board;992|Transportation and gas;7022|Books and Shipping;23575|Volunteer Programs;7150|School library coordination and trainings;18558|Fundraisers;874|Administrative;2447^Total;82422^

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IRS990EZ/PrimaryExemptPurposeTxt0In Spanish, "chispa" means "spark," which is exactly our goal: to inspire and empower Honduran students with access to books by creating school libraries through a community driven approach. We work directly with local Honduran leaders to bring students their first children's books and support the new libraries throughout the school year. We also provide an integral training with parents, teachers, and students for the best usage of the books to improve children's reading fluency and comprehension. Finally, we use local and international volunteers to help fund and support new libraries while facilitating intercultural opportunities within different Honduran and international communities.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Emergency Educational Programming: We provided distance learning school supplies and biosecurity measures for 12 different schools. www.chispaproject.org/sos
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SBA Loan
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Library Supplies and decorations;14216|Office Supplies;7588|Travel Expenses room and board;992|Transportation and gas;7022|Books and Shipping;23575|Volunteer Programs;7150|School library coordination and trainings;18558|Fundraisers;874|Administrative;2447^Total;82422^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
ReasonableCauseExplanation/ExplanationTxt0Dear IRS, Thank you for considering our petition here to explain our reasonable causes for our unfortunate late filing for our 2020 990 tax return. Here, we explain the extenuating circumstances of how this late filing escaped our attention until now, and how we are currently rectifying the situation from ever occurring again in the future. Chispa Project, our non-profit, at the time was a newly formed, volunteer-run organization. We have a board of directors in the U.S., but our volunteers and programs are entirely run in Honduras. I, Sara Brakhane, am the founder and current director of Chispa Project. I am the one responsible for reporting to the board our quarterly finance reports and filing our taxes. Covid closures in March 2020 were a shock to everyone, however, I was pregnant with my first child, stuck in Honduras facing permanent border closures, with a husband back in the U.S. Honduras was on military lockdown, only permitting persons to leave the house once every two weeks for groceries. By the time taxes were due in April, I had just managed to escape Honduras and return to my husband in the U.S. I gave birth a couple months later. This giant upheaval and trauma in my personal life left me completely vulnerable to the oversight of turning in our taxes on time. However, in my mind, I had finished these taxes, and did not think of them again. Our mailing address is a previous volunteer, and when I returned to Honduras after the birth, we did not communicate properly in me receiving any notification of the late tax notices. A couple of weeks ago, I become aware of our late filing issue when I started to file our 990-tax form for 2021. I had filed previously for an extension for Nov 2022, and felt I was in good time for filing. It is then I realized I did not have records of the 2020 filing, and I immediately begin to rectify the situation. We are doing several things to make sure this situation does not occur again: 1. We are currently working with a very diligent, volunteer accountant who is joining our board of directors. She is ensuring we are setting up the best financial records for the future that will allow us to have the checks and balances as well as policies in place for our board of directors to hold the executive director (me) accountable. She verified the numbers in this tax return, as well as help us with our 2021 tax return. 2. We just hired our first accountant in Honduras that will help us maintain on-time records, timely reporting, and make tax-filing easier. While I had sole responsibility to file taxes, this is now no longer true for both our accountant and board of directors. 3. We did a complete overhaul of our board of directors. Old board members recognized their lack of experience and organizational skills left our non-profit vulnerable and unable to properly grow. In May 2022, our new board of directors took control being voted in and vetted by old members. Our new board members have helped encourage and bring new understanding to better accounting practices. They helped set up the current accountant volunteer. Thank you for your consideration in this matter in how these reasonable causes caused a very unreasonable delay and be assured it will not happen again. Sincerely, Sara Brakhane
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07205883315
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10
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ReturnHeader/Filer/EIN0811094634
ReturnHeader/Filer/PhoneNum07205883315
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ReturnHeader/Filer/USAddress/CityNm0Denver
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ReturnHeader/ReturnTs02022-11-10T17:27:38-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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