Project New Hope Inc
- Assets
- $417.1k
- Revenue
- $379.0k
- Investments
- $235.4k
- Employees
- 9
- Location
- Worcester, MA
- Founding
- 09/2011
- Data as of
- 12/2021
- 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 12/2021, Project New Hope Inc employed 9 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 12/2021, Project New Hope Inc generated $379.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $232.8k during the year ending 12/2021. While expenses have increased by 9.4% per year over the past 7 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
2021
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 |
Robyn Coons Assistant Treasurer | OfficerTrustee | 10 | $0 |
Carlos O Ramos Rivera Secretary | OfficerTrustee | 15 | $0 |
Donna Moore Director | Trustee | 10 | $0 |
Nick Treadwell Director | Trustee | 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 | $336,465 |
| Noncash contributions included in lines 1a–1f | $40,269 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $336,465 |
| Total Program Service Revenue | $0 |
| Investment income | $8,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13 |
| Net Income from Fundraising Events | $34,009 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $379,012 |
| 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. | $53,103 |
| Compensation of current officers, directors, key employees. | $18,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,720 |
| Office expenses | $20,415 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,603 |
| Travel | $9,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $919 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,678 |
| Insurance | $8,723 |
| All other expenses | $5,991 |
| Total functional expenses | $232,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,621 |
| 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 | $69,398 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $235,376 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,679 |
| Total assets | $417,074 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $409,017 |
| Net assets with donor restrictions | $8,057 |
| 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 | $417,074 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project New Hope Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Hanover Insurance Group Foundation Inc Worcester, MA PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black Veterans For Social Justice Inc Brooklyn, NY | $26,444,662 | $57,468,816 |
Massachusetts Military Support Foundation Inc Buzzards Bay, MA | $507,512 | $41,377,532 |
Soldier On Inc Pittsfield, MA | $26,254,508 | $13,386,266 |
Americas Vetdogs The Veterans K9 Corps Inc Smithtown, NY | $4,103,216 | $9,390,820 |
United Spinal Association Inc Kew Gardens, NY | $8,457,849 | $8,910,555 |
Coast Guard Foundation Inc Stonington, CT | $21,630,462 | $10,406,014 |
Usa Veteran And Military Support Foundation Inc Buzzards Bay, MA | $1,068 | $7,423,561 |
Veterans North East Outreach Center Inc Haverhill, MA | $8,243,940 | $5,723,835 |
Veterans Outreach Center Inc Rochester, NY | $10,292,940 | $5,967,513 |
Army Aviation Association Of America Inc Monroe, CT | $11,637,681 | $3,912,077 |
Common Defense Civic Engagement New York, NY | $599,694 | $2,910,495 |
American Legion Troy, NY | $13,558,229 | $3,222,198 |