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Project Hope the New Direction

IRS exemption revoked

Nyc, NYUnknown exempt organization EIN 11-3327651Revenue $32K in FY2021

On file with the IRSprojecthopethenewdirection.org105-03 220 Street · Nyc, NY

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Who are we? Project Hopes mission is to help young people living in poverty in NYC develop their strengths, skills, talents and competencies through effective experiential learning, youth development principles and work programs to prepare them for todays economy. Our vision is that young people who grow up in the neighborhoods we serve should have the same opportunities as young people who grow up in well-resourced neighborhoods. For us, a good life means that as an adult, you can answer yes to these three questions: Are you happy? Do you feel motivated? Have you been able to make real choices about the course of your life?

96¢ of each $1 spent went to programs.
Run by 2 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$22K
to officers and key staff · 69% of spending
Concern: pay to officers and key staff is 69% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: -9.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32K
Spent
$32K
To programs
96%
Net assets
$266

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $30K Management & general 4% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $22K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Natalie Cruz
Program Administrator
$21,775Pt VII · Sec A
$0Pt VII · Sec A
James Taylor
Board Member
$0Pt VII · Sec A
Ernst Alvarez
Board Member & Treasurer
$0Pt VII · Sec A
Kenneth Jovin
Board Member
$0Pt VII · Sec A
See Project Hope the New Direction executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers impoverished NYC youth with skills and opportunities for a better future.

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Provided by the organization

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3 programs · $30K · in their own filed words · FY2020
01

NYC Dept. of Youth & Community Development-Underwritten; staff to administer program and provide direct services to 120 youth at Benjamin Franklin HS and IS 109 in Southeast Queens, NY The Youth Leadership & Career Pathway (YLCP) model is career and post-education driven; it will consist of an extensive intake process & case management…

$23Kprogram expense
02

Colgate-Underwritten; program supplies, office supplies , program media & promotions, snacks & refreshments, program & office equipment, payroll fees, communication subscriptions, accounting subscriptions, etc.

$5Kprogram expense
03

Community donation toward program functions

$2Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$32K
Ln 12
Gifts and grantsLn 1h$32K
Money outPt IX
$32K
Ln 25
Programscol B$30K
Managementcol C$1K
Owns and owesPt X
$266
net assets · Ln 32
Cash and savingsLn 1–2−$24K
Total assetsLn 16$266
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Government grantsLn 1e$23K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$32K
Assets in detailPt X, end of year
CashLn 1−$24K
SavingsLn 2$0
Cash and savings togetherLn 1–2−$24K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$266
LiabilitiesLn 26$0
Net assetsLn 32$266
OperationsPt I, VI
EmployeesI 51
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$0−$24K
InvestmentsLn 11–13$0$0
Total assetsLn 16$0$266
LiabilitiesLn 26$0$0
Net assetsLn 32$0$266
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$22K$22K
Other salaries and wagesLn 7$0$0
Pension plan contributionsLn 8$53$53
Other employee benefitsLn 9$0$0
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K$1K
Other expenses (24a–d)Ln 24$5K$4K$1K$0
All other expensesLn 24e$138$138
Total functional expensesLn 25$32K$30K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $32K$32K$266$266 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $31,905 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,425$31,905
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $43$0
I-12 Total revenuePrior year $31,468$31,905
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $20,000$24,776
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,815$6,863
I-18 Total expensesPrior year $32,815$31,639
I-19 Revenue less expensesPrior year −$1,347$266
Part VI · Governance 0 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $31,905 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$23,000
VIII-1f All other contributions, gifts and grants$8,905
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$31,905
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$31,905
Part IX · Statement of functional expenses $31,639 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $21,775$21,775
IX-7 Other salaries and wagesPrograms $0$0
IX-8 Pension plan contributionsPrograms $53$53
IX-9 Other employee benefitsPrograms $0$0
IX-10 Payroll taxesPrograms $2,948$2,948
IX-11c Accounting fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,464$1,464
IX-24 Other expenses (24a–d)Programs $4,000 · Management $1,261 · Fundraising $0$5,261
IX-24e All other expensesPrograms $138$138
IX-25 Total functional expensesPrograms $30,378 · Management $1,261 · Fundraising $0$31,639
Part X · Balance sheet $266 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $0−$23,971
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$24,237
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $0$266
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payable$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$266
X-33 Total liabilities and net assetsStart of year $0$266
Part XI · Reconciliation of net assets $266 net assets at year end
XI-1 Total revenue$31,905
XI-2 Total expenses$31,639
XI-3 Revenue less expenses$266
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$266

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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