Project New Hope Inc
- Assets
- $509.2k
- Revenue
- $670.1k
- Investments
- $172.2k
- Employees
- 11
- Location
- Worcester, MA
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-4555998
Organization Overview
Project New Hope Inc is located in Worcester, MA. The organization was established in 2011. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Project New Hope Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project New Hope Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Project New Hope Inc generated $670.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $649.1k during the year ending 12/2023. While expenses have increased by 23.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMBAT VETERANS AND THEIR FAMILIES WITH EDUCATION, TRAINING, AND SKILLS NECCESARY TO MANAGE THEIR LIVES AFTER WARTIME SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MILITARY FAMILIES AND SINGLE SOLDIERS RETREATS IN A WILDERNESS GATEWAY AND PROVIDE COMBAT VETERANS AND THEIR FAMILIES WITH EDUCATION, TRAINING, AND SKILLS TO MANAGE THEIR LIVES AFTER WARTIME SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Moore President | OfficerTrustee | 40 | $0 |
Richard Cehon Treasurer | OfficerTrustee | 15 | $0 |
Donna Moore Director | Trustee | 10 | $0 |
Anne Treadwell Director | Trustee | 10 | $0 |
Nick Treadwell Director | Trustee | 10 | $0 |
Robyn Coons Assistant Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $637,917 |
| Noncash contributions included in lines 1a–1f | $223,418 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,917 |
| Total Program Service Revenue | $0 |
| Investment income | $14,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,740 |
| Net Income from Fundraising Events | $37,620 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,112 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,862 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $707 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,051 |
| Office expenses | $21,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,779 |
| Travel | $12,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,797 |
| Insurance | $14,491 |
| All other expenses | $18,501 |
| Total functional expenses | $649,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,209 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $94,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $172,204 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,748 |
| Total assets | $509,184 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $6,300 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,300 |
| Net assets without donor restrictions | $481,817 |
| Net assets with donor restrictions | $21,067 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $509,184 |