Civic Intelligence

The Expectations Project Inc.

990 • Fiscal year 2016 • EIN 90-0787411

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 19, 2017

641 S Street NW 3rd FloorWashington, DC 20001

(202) 744-4602

Siviq Scores

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

Liabilities / Assets

87th percentile

0.65x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.09x

Higher debt load relative to revenue than 62% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

11th percentile

-28%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$137,700

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 17.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

1st percentile

-68%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$106,332

Down $228,955 (-68%) from 2015

Net Assets

Down

$37,045

Down $230,052 (-86%) from 2015

Liabilities

Up

$69,287

Up $1,097 (+1.6%) from 2015

Revenue

Down

$810,745

Down $216,055 (-21%) from 2015

Expenses

Up

$1,040,797

Up $87,519 (+9.2%) from 2015

Net Income

Down

-$230,052

Down $303,574 (-413%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $187,865Liabilities 2012: $521Net Assets 2012: $187,3442012Assets 2013: $181,368Liabilities 2013: $1,654Net Assets 2013: $179,7142013Assets 2014: $213,735Liabilities 2014: $20,163Net Assets 2014: $193,5722014Assets 2015: $335,287Liabilities 2015: $68,190Net Assets 2015: $267,0972015Assets 2016: $106,332Liabilities 2016: $69,287Net Assets 2016: $37,0452016Assets 2017: $723,756Liabilities 2017: $19,225Net Assets 2017: $704,5312017Assets 2018: $393,721Liabilities 2018: $23,689Net Assets 2018: $370,0322018Assets 2019: $813,692Liabilities 2019: $10,766Net Assets 2019: $802,9262019Assets 2020: $117,892Liabilities 2020: $21,191Net Assets 2020: $96,7012020Assets 2021: $293,232Liabilities 2021: $12,315Net Assets 2021: $280,9172021Assets 2022: $749,267Liabilities 2022: $20,137Net Assets 2022: $729,1302022Assets 2023: $1,183,926Liabilities 2023: $14,888Net Assets 2023: $1,169,0382023Assets 2024: $281,560Liabilities 2024: $13,466Net Assets 2024: $268,0942024

Highlighted filing

2016

Assets$106,332
Liabilities$69,287
Net Assets$37,045

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2012: $246,250Expenses 2012: $58,906Net Income 2012: $187,3442012Revenue 2013: $344,415Expenses 2013: $352,045Net Income 2013: -$7,6302013Revenue 2014: $559,348Expenses 2014: $545,490Net Income 2014: $13,8582014Revenue 2015: $1,026,800Expenses 2015: $953,278Net Income 2015: $73,5222015Revenue 2016: $810,745Expenses 2016: $1,040,797Net Income 2016: -$230,0522016Revenue 2017: $1,071,876Expenses 2017: $971,201Net Income 2017: $100,6752017Revenue 2018: $632,051Expenses 2018: $966,550Net Income 2018: -$334,4992018Revenue 2019: $1,352,303Expenses 2019: $919,409Net Income 2019: $432,8942019Revenue 2020: $137,346Expenses 2020: $843,571Net Income 2020: -$706,2252020Revenue 2021: $821,737Expenses 2021: $637,521Net Income 2021: $184,2162021Revenue 2022: $1,131,485Expenses 2022: $683,272Net Income 2022: $448,2132022Revenue 2023: $1,529,635Expenses 2023: $1,089,727Net Income 2023: $439,9082023Revenue 2024: $105,216Expenses 2024: $1,006,210Net Income 2024: -$900,9942024

Highlighted filing

2016

Revenue$810,745
Expenses$1,040,797
Net Income-$230,052
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 19, 2017
Return Version
2016v3.0
Gross Receipts
$810,745
Mission and Program Overview

Mission

Help enact transformational change for low income public schools.

The expectations project partners with faith-motivated individuals, leaders, congregations and organizations to dvelop local and national campaigns that help enact transformational change for low-income public shools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$320,565$104,220▼ $216,345
Land, Buildings, and Equipment, Net$14,172$2,049▼ $12,123
Prepaid Expenses and Deferred Charges$550$63▼ $487
Total Assets$335,287$106,332▼ $228,955
Liabilities
Mortgage Notes Payable Secured by Investment Property$48,419$49,621▲ $1,202
Accounts Payable and Accrued Expenses$19,771$19,666▼ $105
Total Liabilities$68,190$69,287▲ $1,097
Net Assets / Fund Balance
Unrestricted Net Assets$267,097$37,045▼ $230,052
Total Net Assets Fund Balance$267,097$37,045▼ $230,052
Total Liabilities and Net Assets / Fund Balance$335,287$106,332▼ $228,955

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,049$17,154$19,203
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicole Baker FulghamPresidentFT$137,700$137,700

Board Members and Trustees

NameTitle
Jay HeinDirector
Sekou BiddleDirector
Tracy-elizabeth ClayDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$807,495
Program Service Revenue
$2,000
Investment Income
$0
Other Revenue
$1,250
All Other Contributions
$807,495
Change in Net Assets
$-230,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$681,762
Other Expenses$186,535
Grants and Similar Amounts Paid$172,500
Total Fundraising Expense$4,423
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$528,043$83,500$0$611,543
Grants to Domestic Orgs$172,500--$172,500
Fees for Services Other$47,306$31$0$47,337
Payroll Taxes$40,743$6,331$0$47,074
Interest$0$39,341$0$39,341
Occupancy$19,300$7,175$0$26,475
Other Employee Benefits$18,671$3,184$0$21,855
Travel$16,712$0$3,740$20,452
Depreciation Depletion$0$12,998$0$12,998
Advertising$11,540$297$0$11,837
Conferences and Meetings$6,559$0$500$7,059
All Other Expenses$3,355$2,449$0$5,804
Fees for Services Accounting$0$4,500$0$4,500
Information Technology$2,388$106$104$2,598
Office Expenses$249$1,627$0$1,876
Other Expenses$1,443$330$27$1,800
Pension Plan Contributions$0$1,290$0$1,290
Insurance$0$956$0$956
Total Functional Expenses$868,809$167,565$4,423$1,040,797
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Expectations Project Inc
EIN
90-0787411
Phone
2027444602
Address
641 S STREET NW 3RD FLOOR, WASHINGTON, DC 20001

Signing Officer

Name
Brian a Housman
Title
Senior Director of Operations
Phone
2027444602
Signed
2017-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nicole Baker Fulgham
Formed
2012
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
3
Employees
9
Volunteers
4

Preparer

Firm
Goldin Group LLC
Address
4641 MONTGOMERY AVE STE 515, BETHESDA, MD 20814-3435
Preparer
Javier Goldin
Phone
3019130008
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

There is no other committee besides the governing body.

Pt VI, Line 12C

Employees have to complete non-disclosure forms.

Pt VI, Line 15A

The president's compensation was benchmarked against similar sized non-profits in the education sector(pulled from a sample of non-profit990's); the board of directors also evaluated the president's compensationbased on the range of 2nd tier employees in the organization and the overall budget.

Pt VI, Line 19

The expectations project received its public charity status exemptionletter mid-year (but effective january 6, 2012), we have not made ourfinancial statements public yet, however, we will follow the standardapproach that all non-profits take and publically disclose our 990 andother relevant policies.

Pt VI, Line 11B

Governing is distributed a copy of the draft 990 and afforded an opportunity to comment.

Form 990, Part IX, Line 24E

Licenses & permits 945. 0. 945. 0.

Form 990, Part IX, Line 24E

Postage & shipping 598. 51. 547. 0.

Form 990, Part IX, Line 24E

Equipment Rental & Maintenance 136. 0. 136. 0.

Form 990, Part IX, Line 24E

Telecommunications 4098. 3304. 794. 0.

Form 990, Part IX, Line 24E

State registration 27. 0. 27. 0.

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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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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0807495
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01025488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0555503
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0340000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0246250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02974736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04601
IRS990ScheduleA/OtherIncome170Grp/TotalAmt012101
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt01178420
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt01796316
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0807495
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01025488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0555503
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0340000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0246250
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02974736
IRS990ScheduleA/TotalSupportAmt02986838
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/OtherLandBuildingsGrp/BookValueAmt02049
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017154
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt019203
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02049
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS NO OTHER COMMITTEE BESIDES THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EMPLOYEES HAVE TO COMPLETE NON-DISCLOSURE FORMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT'S COMPENSATION WAS BENCHMARKED AGAINST SIMILAR SIZED NON-PROFITS IN THE EDUCATION SECTOR(PULLED FROM A SAMPLE OF NON-PROFIT990'S); THE BOARD OF DIRECTORS ALSO EVALUATED THE PRESIDENT'S COMPENSATIONBASED ON THE RANGE OF 2ND TIER EMPLOYEES IN THE ORGANIZATION AND THE OVERALL BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXPECTATIONS PROJECT RECEIVED ITS PUBLIC CHARITY STATUS EXEMPTIONLETTER MID-YEAR (BUT EFFECTIVE JANUARY 6, 2012), WE HAVE NOT MADE OURFINANCIAL STATEMENTS PUBLIC YET, HOWEVER, WE WILL FOLLOW THE STANDARDAPPROACH THAT ALL NON-PROFITS TAKE AND PUBLICALLY DISCLOSE OUR 990 ANDOTHER RELEVANT POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing is distributed a copy of the draft 990 and afforded an opportunity to comment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LICENSES & PERMITS 945. 0. 945. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6POSTAGE & SHIPPING 598. 51. 547. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Equipment Rental & Maintenance 136. 0. 136. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TELECOMMUNICATIONS 4098. 3304. 794. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9STATE REGISTRATION 27. 0. 27. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0335287
IRS990/TotalAssetsEOYAmt0106332
IRS990/TotalAssetsGrp/BOYAmt0335287
IRS990/TotalAssetsGrp/EOYAmt0106332
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0807495
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04423
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0167565
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0868809
IRS990/TotalFunctionalExpensesGrp/TotalAmt01040797
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt068190
IRS990/TotalLiabilitiesEOYAmt069287
IRS990/TotalLiabilitiesGrp/BOYAmt068190
IRS990/TotalLiabilitiesGrp/EOYAmt069287
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0267097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt037045
IRS990/TotalProgramServiceExpensesAmt0868809
IRS990/TotalProgramServiceRevenueAmt02000
IRS990/TotalReportableCompFromOrgAmt0137700
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03250
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0810745
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0335287
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0106332
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt03740
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt016712
IRS990/TravelGrp/TotalAmt020452
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0267097
IRS990/UnrestrictedNetAssetsGrp/EOYAmt037045
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0641 S STREET NW 3RD FLOOR
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020001
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.THEEXPECTATIONSPROJECT.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN A HOUSMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SENIOR DIRECTOR OF OPERATIONS
ReturnHeader/BusinessOfficerGrp/PhoneNum02027444602
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE EXPECTATIONS PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0EXPE
ReturnHeader/Filer/EIN0900787411
ReturnHeader/Filer/PhoneNum02027444602
ReturnHeader/Filer/USAddress/AddressLine1Txt0641 S STREET NW 3RD FLOOR
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020001
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B34639F4F2A72DE45013E6F606054C66FE5D4DC7
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B34639F4F2A72DE45013E6F606054C66FE5D4DC7
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.242.221.41
ReturnHeader/FilingSecurityInformation/IPDt02017-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm007:28:31
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDIN GROUP LLC

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