Civic Intelligence

Reason for Hope Inc.

990 • Fiscal year 2022 • EIN 87-2435191

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileWWW.REASON-FOR-HOPE.ORG
235 E 49th Street 10ENew York, NY 10017

(215) 350-7186

Siviq Scores

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

Liabilities / Assets

41st percentile

0.04x

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

2022 filings • NTEE F • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.03x

Higher debt load relative to revenue than 45% of similar nonprofits.

2022 filings • NTEE F • $500k-$1M nonprofits • Source year 2022

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

2022 filings • NTEE F • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

41st percentile

$27,083

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2022 filings • NTEE F • $500k-$1M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets41st percentile

Assets

$444,306

No earlier filing loaded for comparison.

Net Assets

$428,734

No earlier filing loaded for comparison.

Liabilities

$15,572

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin96th percentile

Revenue

$550,954

No earlier filing loaded for comparison.

Expenses

$122,220

No earlier filing loaded for comparison.

Net Income

$428,734

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2022: $444,306Liabilities 2022: $15,572Net Assets 2022: $428,7342022Assets 2023: $710,799Liabilities 2023: $6,358Net Assets 2023: $704,4412023Assets 2024: $894,757Liabilities 2024: $33,710Net Assets 2024: $861,0472024

Highlighted filing

2022

Assets$444,306
Liabilities$15,572
Net Assets$428,734
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0Revenue 2022: $550,954Expenses 2022: $122,220Net Income 2022: $428,7342022Revenue 2023: $1,178,392Expenses 2023: $902,685Net Income 2023: $275,7072023Revenue 2024: $1,276,548Expenses 2024: $1,119,942Net Income 2024: $156,6062024

Highlighted filing

2022

Revenue$550,954
Expenses$122,220
Net Income$428,734
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$599,504
Mission and Program Overview

Mission

Reason for hope, lnc.'s mission is to prevent deaths of despair by helping to develop and advocate for the policy and legal reforms needed to facilitate safe and affordable access to psychedelic medicine and assisted therapies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$444,306-
Rtn Earn Endowment Incm Other Fnds$0$428,734▲ $428,734
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$444,306▲ $444,306
Liabilities
Other Liabilities$0$15,572▲ $15,572
Total Liabilities$0$15,572▲ $15,572
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$428,734▲ $428,734
Total Liabilities and Net Assets / Fund Balance$0$444,306▲ $444,306
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jesse MaclachlanDirector of State PolicyPT$27,083$27,083
Lynette Averill PhdDirectorPT$27,083$27,083
Brett M WatersExecutive DirectorFT$20,833$20,833
Martin R SteeleChief Executive OfficerPT$16,250$16,250

Board Members and Trustees

NameTitle
Haley WatersDirector
Julie WatersDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$549,371
Program Service Revenue
$0
Investment Income
$1,583
Other Revenue
$0
All Other Contributions
$549,371
Change in Net Assets
$428,734

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Securities Publicly Traded$48,550Fair Market Value (FMV)
Total Noncash Contributions$48,550-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$80,289
Other Expenses$41,931
Total Fundraising Expense$800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$74,583--$74,583
Fees for Services Other$27,083--$27,083
Travel$6,051--$6,051
Payroll Taxes$5,706--$5,706
Conferences and Meetings$5,420--$5,420
Insurance$1,100$819-$1,919
Office Expenses-$188$800$988
Other Expenses-$470-$470
Total Functional Expenses$119,943$1,477$800$122,220
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$15,572
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section A, Line 2

“Brett waters and haley waters are married. Brett waters and julie waters are siblings.”

Form 990, Part VI, Section A, Line 4

“THE BOARD WAS EXPANDED.”

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

“Reason for hope, inc. Does not have separate committees.”

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

“A draft form 990 was distributed to board members for review prior to filing.”

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

“All officers, directors and key employees are required to sign an annual affirmation of compliance form with reason for hope, inc.'s conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“Reason for hope, inc. Used comparable salaries in similar industries to determine top mmanagement compensation.”

Form 990, Part VI, Section C, Line 19

“Reason for hope, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Reason for Hope Inc
EIN
87-2435191
Phone
2153507186
Address
235 E 49TH STREET 10E, NEW YORK, NY 10017

Signing Officer

Name
Brett Waters
Title
Director
Phone
2153507186
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Waters
Formed
2021
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
2
Employees
4
Volunteers
20

Preparer

Firm
Burruano & Company Llp
Address
200 BUSINESS PARK DRIVE - STE 106, ARMONK, NY 10504
Preparer
Sam Burruano CPA
Phone
9142735300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other fees: program service expenses 27,083. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,083.”

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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/ExplanationTxt0BRETT WATERS AND HALEY WATERS ARE MARRIED. BRETT WATERS AND JULIE WATERS ARE SIBLINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WAS EXPANDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REASON FOR HOPE, INC. DOES NOT HAVE SEPARATE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT FORM 990 WAS DISTRIBUTED TO BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN AN ANNUAL AFFIRMATION OF COMPLIANCE FORM WITH REASON FOR HOPE, INC.'S CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REASON FOR HOPE, INC. USED COMPARABLE SALARIES IN SIMILAR INDUSTRIES TO DETERMINE TOP MMANAGEMENT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REASON FOR HOPE, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER FEES: PROGRAM SERVICE EXPENSES 27,083. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,083.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0444306
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt06051
IRS990/TravelGrp/TotalAmt06051
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HTTPS://WWW.REASON-FOR-HOPE.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRETT WATERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02153507186
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REASON FOR HOPE INC
ReturnHeader/Filer/BusinessNameControlTxt0REAS
ReturnHeader/Filer/EIN0872435191
ReturnHeader/Filer/PhoneNum02153507186
ReturnHeader/Filer/USAddress/AddressLine1Txt0235 E 49TH STREET 10E
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010017
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061138540
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURRUANO & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 BUSINESS PARK DRIVE - STE 106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARMONK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010504
ReturnHeader/PreparerPersonGrp/PhoneNum09142735300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAM BURRUANO CPA
ReturnHeader/ReturnTs02023-11-15T18:31:10-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRETT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WATERS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$444,306
Liabilities
$15,572
Net assets
$428,734
Revenue
$550,954
Expenses
$122,220
Net income
$428,734
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.03$0.86$1.28$1.12$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$1.18$0.90$0.28
2022Detailed filing. Detailed filing data is available for this year.$0.44$0.02$0.43$0.55$0.12$0.43