The Pulsera Project: FY2021 Nonprofit Profile & Form 990 (EIN 27-0500339)

Revenue by fiscal year
FY2020	$312K
FY2021	$283K
FY2022	$611K
FY2024	$488K
FY2024	$398K

Expenses by fiscal year
FY2020	$417K
FY2021	$298K
FY2022	$544K
FY2024	$616K
FY2024	$389K

Net assets by fiscal year
FY2020	$633K
FY2021	$618K
FY2022	$685K
FY2024	$659K
FY2024	$668K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2009.

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

Where the money goes

95 cents of each dollar spent went to programs.

95%

Program services 95% · $282K Management & general 5% · $16K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation

Joseph Terranova

President

$0Pt VII · Sec A

Susan L Patterson

Treasurer

$0Pt VII · Sec A

Daniela Guerrero

Secretary

$0Pt VII · Sec A

See The Pulsera Project 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 Nicaraguan and U.S. youth through education for a more just world.

Provided by the organization

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1 program · $282K · in their own filed words · FY2021

01

The pulsera project's non-profit social enterprise model is unique because it enriches lives both in the U.S. And abroad by weaving pulsera sales into an educational program. We sell pulseras to provide opportunities for central americans, but we do so while educating thousands of U.S.

$282Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Amazonsmile FoundationFY2023$20

Total grants receivedfrom 1 funder$20

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$283K

Ln 12

Other incomeLn 4–11$232K

Gifts and grantsLn 1h$50K

Investment incomeLn 3$877

Money outPt IX

$298K

Ln 25

Programscol B$282K

Managementcol C$16K

Owns and owesPt X

$618K

net assets · Ln 32

Cash and savingsLn 1–2$382K

Total assetsLn 16$768K

LiabilitiesLn 26$150K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$50K

Government grantsLn 1e$48K

Investment incomeLn 3$877

Other incomeLn 4–11$232K

Total revenueLn 12$283K

Assets in detailPt X, end of year

CashLn 1$245

SavingsLn 2$381K

Cash and savings togetherLn 1–2$382K

Total assetsLn 16$768K

LiabilitiesLn 26$150K

Net assetsLn 32$618K

OperationsPt I, VI

EmployeesI 54

VolunteersI 610,000

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$303K	$382K
Total assetsLn 16	$783K	$768K
LiabilitiesLn 26	$150K	$150K
Net assetsLn 32	$633K	$618K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants and assistance to foreign recipientsLn 3	$9K	$9K
Other salaries and wagesLn 7	$161K	$161K
Payroll taxesLn 10	$13K	$13K
Legal feesLn 11b	$2K		$2K
Accounting feesLn 11c	$3K		$3K
Other fees for servicesLn 11g	$35K	$24K	$11K
Advertising and promotionLn 12	$4K	$4K
Office expensesLn 13	$19K	$19K
Information technologyLn 14	$4K	$4K
OccupancyLn 16	$27K	$27K
TravelLn 17	$4K	$4K
Conferences, conventions and meetingsLn 19	$1K	$1K
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$13K	$13K
Total functional expensesLn 25	$298K	$282K	$16K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$488K	$616K	−$128K	$659K	990 PDF
FY2023	Not on file
FY2022	$611K	$544K	$67K	$685K	990 PDF
FY2021 Viewing	$283K	$298K	−$15K	$618K	990 PDF
FY2020	$312K	$417K	−$105K	$633K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (6 parts)

Part I · Summary $282,956 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $83,871$49,868

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1,673$877

I-11 Other revenuePrior year $226,383$232,211

I-12 Total revenuePrior year $311,927$282,956

I-13 Grants and similar amounts paidPrior year $76,402$9,183

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $218,736$173,944

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $121,649$114,753

I-18 Total expensesPrior year $416,787$297,880

I-19 Revenue less expensesPrior year −$104,860−$14,924

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $282,956 across 5 lines filed

Lines not itemized here account for $232,211 of total revenue; see the IRS return.

VIII-1e Government grants$48,490

VIII-1f All other contributions, gifts and grants$1,378

VIII-1h Total contributions, gifts and grants$49,868

VIII-3 Investment incomeExcluded from tax $877$877

VIII-12 Total revenueRelated to mission $232,211 · Unrelated business $0 · Excluded from tax $877$282,956

Part IX · Statement of functional expenses $297,880 across 14 lines filed

IX-3 Grants and assistance to foreign recipientsPrograms $9,183$9,183

IX-7 Other salaries and wagesPrograms $160,973$160,973

IX-10 Payroll taxesPrograms $12,971$12,971

IX-11b Legal feesManagement $1,695$1,695

IX-11c Accounting feesManagement $3,310$3,310

IX-11g Other fees for servicesPrograms $23,730 · Management $10,836$34,566

IX-12 Advertising and promotionPrograms $3,861$3,861

IX-13 Office expensesPrograms $19,282$19,282

IX-14 Information technologyPrograms $4,151$4,151

IX-16 OccupancyPrograms $26,584$26,584

IX-17 TravelPrograms $4,405$4,405

IX-19 Conferences, conventions and meetingsPrograms $1,300$1,300

IX-23 InsurancePrograms $2,144$2,144

IX-24 Other expenses (24a–d)Programs $13,455$13,455

IX-25 Total functional expensesPrograms $282,039 · Management $15,841 · Fundraising $0$297,880

Part X · Balance sheet $767,750 assets, 9 lines filed

Asset lines not itemized here account for $31,000; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,665$245

X-2 Savings and temporary cash investmentsStart of year $301,710$381,314

X-8 Inventories for sale or useStart of year $448,299$355,191

X-16 Total assetsStart of year $782,674$767,750

X-24 Unsecured notes and loans payableStart of year $150,000$150,000

X-26 Total liabilitiesStart of year $150,000$150,000

X-27 Net assets without donor restrictionsStart of year $632,674$617,750

X-32 Total net assets or fund balancesStart of year $632,674$617,750

X-33 Total liabilities and net assetsStart of year $782,674$767,750

Part XI · Reconciliation of net assets $617,750 net assets at year end

XI-1 Total revenue$282,956

XI-2 Total expenses$297,880

XI-3 Revenue less expenses−$14,924

XI-4 Net assets at start of year$632,674

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$617,750

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

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The Pulsera Project FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV