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The Pulsera Project FY2024 filing

Tax-deductible

West Chester, PA501(c)(3)Since 2009Foundations & GrantmakersEIN 27-0500339

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The Pulsera project's mission is to create a more just and colorful world through the education and empowerment of central american communities and u.s. Students. See schedule o.

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $45K a year · 11% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$150K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$488K
-20% vs prior year
Spent
$616K
To programs
52%
Net assets
$659K
By yearFY2020–FY2024
Revenue
$488K
FY2024▼ -20%
Revenue by fiscal year
FY2020$312K
FY2021$283K
FY2022$611K
FY2024$488K
FY2024$398K
Expenses
$616K
FY2024▲ +13%
Expenses by fiscal year
FY2020$417K
FY2021$298K
FY2022$544K
FY2024$616K
FY2024$389K
Net assets
$659K
FY2024▼ -4%
Net assets by fiscal year
FY2020$633K
FY2021$618K
FY2022$685K
FY2024$659K
FY2024$668K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

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

52 cents of each dollar spent went to programs.

Program services 52% · $319K Management & general 1% · $5K

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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Susan L Patterson
President/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $319K · in their own filed words · FY2023
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.

$319Kprogram 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$488K
Ln 12
Other incomeLn 4–11$477K
Fees for servicesLn 2g$6K
Investment incomeLn 3$5K
Money outPt IX
$616K
Ln 25
Programscol B$319K
Managementcol C$5K
Owns and owesPt X
$659K
net assets · Ln 32
Cash and savingsLn 1–2$466K
Total assetsLn 16$809K
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$44
Fees for servicesLn 2g$6K
Investment incomeLn 3$5K
Other incomeLn 4–11$477K
Total revenueLn 12$488K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$460K
Cash and savings togetherLn 1–2$466K
Total assetsLn 16$809K
LiabilitiesLn 26$150K
Net assetsLn 32$659K
OperationsPt I, VI
EmployeesI 54
VolunteersI 610,000
Fiscal year endsHeaderJune
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
LineStart FY24End FY24
Cash and savingsLn 1–2$454K$466K
Total assetsLn 16$835K$937K
LiabilitiesLn 26$150K$150K
Net assetsLn 32$685K$787K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$43K$43K
Other salaries and wagesLn 7$135K$135K
Pension plan contributionsLn 8$3K$3K
Payroll taxesLn 10$10K$10K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$28K$26K$1K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$36K$36K
Information technologyLn 14$8K$8K
OccupancyLn 16$12K$12K
TravelLn 17$21K$21K
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$4K$4K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$324K$319K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $488K$616K−$128K$659K 990 PDF
FY2023 Not on file
FY2022 $611K$544K$67K$685K 990 PDF
FY2021 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $425,794 across 5 lines filed
Lines not itemized here account for $414,075 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$44
VIII-1h Total contributions, gifts and grants$44
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,350$6,350
VIII-3 Investment incomeExcluded from tax $5,325$5,325
VIII-12 Total revenueRelated to mission $420,425 · Unrelated business $0 · Excluded from tax $5,325$425,794
Part IX · Statement of functional expenses $323,577 across 16 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $42,561$42,561
IX-7 Other salaries and wagesPrograms $135,316$135,316
IX-8 Pension plan contributionsPrograms $2,882$2,882
IX-10 Payroll taxesPrograms $9,704$9,704
IX-11c Accounting feesManagement $3,150$3,150
IX-11g Other fees for servicesPrograms $26,464 · Management $1,433$27,897
IX-12 Advertising and promotionPrograms $3,543$3,543
IX-13 Office expensesPrograms $36,053$36,053
IX-14 Information technologyPrograms $7,631$7,631
IX-16 OccupancyPrograms $12,386$12,386
IX-17 TravelPrograms $20,770$20,770
IX-19 Conferences, conventions and meetingsPrograms $4,852$4,852
IX-20 InterestPrograms $3,846$3,846
IX-23 InsurancePrograms $2,546$2,546
IX-24 Other expenses (24a–d)Programs $7,851$7,851
IX-24e All other expensesPrograms $2,589$2,589
IX-25 Total functional expensesPrograms $318,994 · Management $4,583 · Fundraising $0$323,577
Part X · Balance sheet $937,038 assets, 9 lines filed
Asset lines not itemized here account for $20,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $389$6,265
X-2 Savings and temporary cash investmentsStart of year $453,815$459,641
X-8 Inventories for sale or useStart of year $347,618$451,132
X-16 Total assetsStart of year $834,822$937,038
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 $684,822$787,038
X-32 Total net assets or fund balancesStart of year $684,822$787,038
X-33 Total liabilities and net assetsStart of year $834,822$937,038
Part XI · Reconciliation of net assets $787,038 net assets at year end
XI-1 Total revenue$425,794
XI-2 Total expenses$323,577
XI-3 Revenue less expenses$102,217
XI-4 Net assets at start of year$684,822
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$787,038

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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