Civic Intelligence

Hammer & Hope Inc.

990 • Fiscal year 2023 • EIN 87-3951892

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 06, 2024

275 Park AvenueBrooklyn, NY 11205

(917) 818-0743

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.92x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • NTEE R • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.03x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • NTEE R • <$500k nonprofits • Source year 2023

Net Margin

3rd percentile

-536%

Higher net margin than 3% of similar nonprofits.

2023 filings • NTEE R • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$155,019

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 102.8% of source-year revenue.

2023 filings • NTEE R • <$500k nonprofits • Source year 2023

Asset Growth

5th percentile

-81%

Faster asset growth than 5% of similar nonprofits.

2023 filings • NTEE R • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-90%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • NTEE R • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$169,573

Down $705,735 (-81%) from 2022

Net Assets

Down

$13,573

Down $807,986 (-98%) from 2022

Liabilities

Up

$156,000

Up $102,251 (+190%) from 2022

Revenue

Down

$150,840

Down $1,353,410 (-90%) from 2022

Expenses

Up

$958,826

Up $341,135 (+55%) from 2022

Net Income

Down

-$807,986

Down $1,694,545 (-191%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2022: $875,308Liabilities 2022: $53,749Net Assets 2022: $821,5592022Assets 2023: $169,573Liabilities 2023: $156,000Net Assets 2023: $13,5732023Assets 2024: $112,244Liabilities 2024: $23,917Net Assets 2024: $88,3272024

Highlighted filing

2023

Assets$169,573
Liabilities$156,000
Net Assets$13,573

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2022: $1,504,250Expenses 2022: $617,691Net Income 2022: $886,5592022Revenue 2023: $150,840Expenses 2023: $958,826Net Income 2023: -$807,9862023Revenue 2024: $1,128,926Expenses 2024: $1,054,172Net Income 2024: $74,7542024

Highlighted filing

2023

Revenue$150,840
Expenses$958,826
Net Income-$807,986
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 6, 2024
Return Version
2023v5.1
Gross Receipts
$150,840
Mission and Program Overview

Mission

NONE

Publication of free online news publications.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$150,000▲ $150,000
Accounts Receivable$23,500$0▼ $23,500
Cash and Non-Interest-Bearing Accounts$846,986$19,573▼ $827,413
Prepaid Expenses and Deferred Charges$4,822$0▼ $4,822
Total Assets$875,308$169,573▼ $705,735
Liabilities
Accounts Payable and Accrued Expenses$53,749$156,000▲ $102,251
Total Liabilities$53,749$156,000▲ $102,251
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$821,559$13,573▼ $807,986
Total Net Assets Fund Balance$821,559$13,573▼ $807,986
Total Liabilities and Net Assets / Fund Balance$875,308$169,573▼ $705,735
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer ParkerEditor/treasurerFT$155,019$155,019
Keeanga-yamahtta TaylorSecretary-$4,362$4,362
Amna AkbarPresident-$2,800$2,800

Board Members and Trustees

NameTitle
Vincent SoutherlandDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Sarah FanStory Editing275 PARK AVENUE, Brooklyn, NY 11205$111,170
Revenue and Support

Revenue Composition

Contributions and Grants
$150,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$840
All Other Contributions
$150,000
Change in Net Assets
$-807,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$730,580
Salaries, Compensation, and Employee Benefits$228,246
Total Fundraising Expense$15,917
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$444,980$35,720$681$481,381
Current Officers, Directors, Trustees, and Key Employees$111,382$40,429$10,370$162,181
Fees for Services Legal-$76,670-$76,670
Other Salaries and Wages$33,955$12,378$3,322$49,655
Advertising$43,433$5,417-$48,850
Fees for Services Accounting-$41,710-$41,710
Office Expenses$9,351$10,857$146$20,354
Conferences and Meetings$1,020$19,108$12$20,140
Occupancy$12,700$5,478$289$18,467
Payroll Taxes$11,222$4,091$1,097$16,410
Travel$9,892$2,362-$12,254
Information Technology$8,050--$8,050
Insurance-$2,704-$2,704
Total Functional Expenses$685,985$256,924$15,917$958,826
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
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
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, Part VI, Section A, Line 4

The organization updated its articles of incorporation to update the language in the fourth article to "the corporation is organized exclusively for charitable and educational purposes under section 501(c)(3) of the u.s. Internal revenue code of 1986, as it may be amended (the "code") (or the corresponding provision of any future u.s. Internal revenue law") and the regulations thereunder."

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

The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.

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

The conflict of interest policy is reviewed at least annually by the directors. All directors and officers are required to complete and sign a conflict of interest statement annually. A director or officer with a conflict of interest is prohibited from participating in deliberations and decisions regarding the transaction.

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

The independent membership of the board of directors retains a neutral third party to provide an analysis of competitive rates of compensation for executive directors of similarly-situated not-for-profit publishing organizations. The board approves compensation for the executive director with an official vote with discussion and results recorded in meeting minutes.

Form 990, Part VI, Section C, Line 19

The organization considers requests from the public for copies of its governing documents, conflict of interest policy, and financial statements on a case-by-case basis.

Filing and Contact Details

Filer

Filer Name
Hammer & Hope Inc
EIN
87-3951892
Phone
9178180743
Address
275 PARK AVENUE, BROOKLYN, NY 11205

Signing Officer

Name
Jennifer Parker
Title
Editor/treasurer
Phone
9178180743
Signed
2024-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Parker
Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
3

Preparer

Firm
Wegner Cpas Llp
Address
230 PARK AVE FL 3, NEW YORK, NY 10169-0005
Preparer
Yigit Uctum CPA
Phone
2125511724
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 29,931. Management and general expenses 31,955. Fundraising expenses 681. Total expenses 62,567. Content creators: program service expenses 380,560. Management and general expenses 3,765. Fundraising expenses 0. Total expenses 384,325. Project management: program service expenses 34,489. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,489.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE 2021 COLUMN ON SCHEDULE A, PART II REPRESENTS THE SHORT TAX YEAR BEGINNING NOVEMBER 1, 2021 AND ENDING DECEMBER 31, 2021.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION UPDATED ITS ARTICLES OF INCORPORATION TO UPDATE THE LANGUAGE IN THE FOURTH ARTICLE TO "THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS IT MAY BE AMENDED (THE "CODE") (OR THE CORRESPONDING PROVISION OF ANY FUTURE U.S. INTERNAL REVENUE LAW") AND THE REGULATIONS THEREUNDER."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST ANNUALLY BY THE DIRECTORS. ALL DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. A DIRECTOR OR OFFICER WITH A CONFLICT OF INTEREST IS PROHIBITED FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS REGARDING THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INDEPENDENT MEMBERSHIP OF THE BOARD OF DIRECTORS RETAINS A NEUTRAL THIRD PARTY TO PROVIDE AN ANALYSIS OF COMPETITIVE RATES OF COMPENSATION FOR EXECUTIVE DIRECTORS OF SIMILARLY-SITUATED NOT-FOR-PROFIT PUBLISHING ORGANIZATIONS. THE BOARD APPROVES COMPENSATION FOR THE EXECUTIVE DIRECTOR WITH AN OFFICIAL VOTE WITH DISCUSSION AND RESULTS RECORDED IN MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION CONSIDERS REQUESTS FROM THE PUBLIC FOR COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ON A CASE-BY-CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 29,931. MANAGEMENT AND GENERAL EXPENSES 31,955. FUNDRAISING EXPENSES 681. TOTAL EXPENSES 62,567. CONTENT CREATORS: PROGRAM SERVICE EXPENSES 380,560. MANAGEMENT AND GENERAL EXPENSES 3,765. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 384,325. PROJECT MANAGEMENT: PROGRAM SERVICE EXPENSES 34,489. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,489.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0875308
IRS990/TotalAssetsEOYAmt0169573
IRS990/TotalAssetsGrp/BOYAmt0875308
IRS990/TotalAssetsGrp/EOYAmt0169573
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0150000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015917
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0256924
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0685985
IRS990/TotalFunctionalExpensesGrp/TotalAmt0958826
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt053749
IRS990/TotalLiabilitiesEOYAmt0156000
IRS990/TotalLiabilitiesGrp/BOYAmt053749
IRS990/TotalLiabilitiesGrp/EOYAmt0156000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0821559
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013573
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0685985
IRS990/TotalReportableCompFromOrgAmt0162181
IRS990/TotalRevenueGrp/ExclusionAmt0840
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0150840
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0875308
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0169573
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02362
IRS990/TravelGrp/ProgramServicesAmt09892
IRS990/TravelGrp/TotalAmt012254
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0275 PARK AVENUE
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011205
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HAMMERANDHOPE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER PARKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EDITOR/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09178180743
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HAMMER & HOPE INC
ReturnHeader/Filer/BusinessNameControlTxt0HAMM
ReturnHeader/Filer/EIN0873951892
ReturnHeader/Filer/PhoneNum09178180743
ReturnHeader/Filer/USAddress/AddressLine1Txt0275 PARK AVENUE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011205
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390974031
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WEGNER CPAS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0230 PARK AVE FL 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101690005
ReturnHeader/PreparerPersonGrp/PhoneNum02125511724
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0YIGIT UCTUM CPA
ReturnHeader/ReturnTs02024-09-06T15:23:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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