Civic Intelligence

Global Hope Partners

990 • Fiscal year 2023 • EIN 87-1179283

Apr 01, 2022 to Mar 31, 2023 • Filed on Nov 08, 2023

200 Ring Neck LnBloomingdale, IL 60108

(704) 929-8076

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.01x

Higher debt load relative to assets than 42% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

59th percentile

9.0%

Higher net margin than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$70,754

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 11.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

61st percentile

9.2%

Faster asset growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-9.6%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$689,733

Up $57,897 (+9.2%) from 2022

Net Assets

Up

$685,626

Up $58,143 (+9.3%) from 2022

Liabilities

Down

$4,107

Down $246 (-5.7%) from 2022

Revenue

Down

$645,572

Down $68,246 (-9.6%) from 2022

Expenses

Up

$587,429

Up $501,094 (+580%) from 2022

Net Income

Down

$58,143

Down $569,340 (-91%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2022: $631,836Liabilities 2022: $4,353Net Assets 2022: $627,4832022Assets 2023: $689,733Liabilities 2023: $4,107Net Assets 2023: $685,6262023Assets 2024: $558,903Liabilities 2024: $3,801Net Assets 2024: $555,1022024Assets 2025: $474,192Liabilities 2025: $201Net Assets 2025: $473,9912025

Highlighted filing

2023

Assets$689,733
Liabilities$4,107
Net Assets$685,626

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2022: $713,818Expenses 2022: $86,335Net Income 2022: $627,4832022Revenue 2023: $645,572Expenses 2023: $587,429Net Income 2023: $58,1432023Revenue 2024: $616,857Expenses 2024: $747,381Net Income 2024: -$130,5242024Revenue 2025: $750,415Expenses 2025: $831,526Net Income 2025: -$81,1112025

Highlighted filing

2023

Revenue$645,572
Expenses$587,429
Net Income$58,143
Jump To
Filing Snapshot
Filing Period
Apr 1, 2022 to Mar 31, 2023
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$645,572
Mission and Program Overview

Mission

Dedicated to providing a resource platform for engaging local and global partnerships that develop and support a humanitarian movement of holistic physical, education, emotional and spiritual community development for the greater good of children, youth and adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$631,836$689,733▲ $57,897
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$631,836$689,733▲ $57,897
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$4,353$4,107▼ $246
Total Liabilities$4,353$4,107▼ $246
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$627,483$685,626▲ $58,143
Total Net Assets Fund Balance$627,483$685,626▲ $58,143
Total Liabilities and Net Assets / Fund Balance$631,836$689,733▲ $57,897
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter PereiraPresident & CEOFT$70,754$70,754

Board Members and Trustees

NameTitle
James CharltonChairman
Whitney DentonVice Chair
Rebecca LockabySecretary
Maria BelusarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$645,468
Program Service Revenue
$0
Investment Income
$104
Other Revenue
$0
All Other Contributions
$645,468
Change in Net Assets
$58,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$292,932
Salaries, Compensation, and Employee Benefits$215,910
Other Expenses$78,587
Total Fundraising Expense$32,153
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$292,932--$292,932
Other Salaries and Wages$61,131$6,018$8,787$75,936
Current Officers, Directors, Trustees, and Key Employees$56,603$7,076$7,075$70,754
Other Employee Benefits$43,603$5,451$5,450$54,504
Fees for Services Accounting-$33,390-$33,390
Travel$13,573-$3,516$17,089
Information Technology$4,995$3,108$250$8,353
Pension Plan Contributions$6,274$548$758$7,580
Payroll Taxes$5,758$616$762$7,136
Fees for Services Other$2,520$490$315$3,325
Fees for Services Legal-$3,083-$3,083
Occupancy-$2,400-$2,400
Insurance$758$95$95$948
Other Expenses$500$1,048$471$471
Office Expenses-$147-$147
Advertising--$88$88
Total Functional Expenses$490,020$65,256$32,153$587,429
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

President and CEO is married to an employee of the Organization.

Form 990, Part VI, Section A, Line 8B

There are currently no other committees.

Form 990, Part VI, Section B, Line 11B

Draft return is provided to board members before filing of return.

Form 990, Part VI, Section B, Line 12C

Form is required to be updated annually.

Form 990, Part VI, Section B, Line 15A

Compensation was approved by Board and compared to other nonprofit organizations.

Form 990, Part VI, Section B, Line 15B

Compensation was approved by Board and compared to other nonprofit organizations.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Global Hope Partners
EIN
87-1179283
Phone
7049298076
Address
200 RING NECK LN, BLOOMINGDALE, IL 60108

Signing Officer

Name
Peter Pereira
Title
President & CEO
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Pereira
Formed
2021
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
4
Employees
5
Volunteers
1

Preparer

Firm
Costabile & Steffens PC
Address
1805 Hicks Rd, Rolling Meadows, IL 60008
Preparer
Frank J Costabile
Phone
8477763700
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the foundation may recognize the tax benefit from an uncertain tax position only if it is more than likely than not that the tax position will be sustained on examination by taxing authorities based on the techincal merits of the position. Examples of tax positions include the tax-exempt status of the foundation and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from such position are measured based on the largest benefit that has greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the year ended march 31, 2023.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Our Education programs change the trajectory of childrens lives by providing access to education to children whose life circumstances previously would not allow it. We firmly believe Education is the best way to help children escape and stay out of poverty. Global Hope Partners Education Programs include 2 full-time schools in 2 countries, 2 residential homes for children and support for continuing education through scholarships and financial aid.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Through Humanitarian Aid ministries, men, women, and children improve their circumstances and see life beyond the struggle to survive. They discover that their lives have great value as they receive practical care through such efforts as soy milk distribution, meals for Ragpickers and school children, medical camps, well installation, flood relief, and ongoing care for widows.
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt058143
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt014860
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt014860
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0645468
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0713791
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01359259
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0104
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt027
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0131
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt01301092
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt058167
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt058167
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt043307
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt043307
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0645468
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0713791
IRS990ScheduleA/Total509Grp/TotalAmt01359259
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0645572
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0713818
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01359390
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE THAN LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHINCAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE FOUNDATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED MARCH 31, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0105000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt120000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt223000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt3140000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1Wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2Wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3Wire
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Comm. Development
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Comm. Development
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2Education
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3Humanitarian Aid
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc2FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc3FMV
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/Total501c3OrgCnt03
IRS990ScheduleF/TotalOtherOrgCnt02
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0President and CEO is married to an employee of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are currently no other committees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Draft return is provided to board members before filing of return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form is required to be updated annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation was approved by Board and compared to other nonprofit organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation was approved by Board and compared to other nonprofit organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Giving Hope LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0920934996
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0838 Walker Road Suite 21-2
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Dover
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd019904
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false

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