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Project New Hope INC

Tax-deductible

Worcester, MA501(c)(3)Public & Societal BenefitEIN 27-4555998Revenue $954K in FY2024

On file with the IRSprojectnewhopema.org70 James Stsuite 155, 01603-0000 · Worcester, MATax-exempt since Sep 2011Publicly supported charity — 170(b)(1)(A)(vi)

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To provide combat veterans and their families with education, training, and skills neccesary to manage their lives after wartime service.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 44 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $88K a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$954K
+42% vs prior year
Spent
$829K
To programs
93%
Net assets
$605K
By yearFY2020–FY2024
Revenue
$954K
FY2024▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2020$269K
FY2021$379K
FY2022$656K
FY2023$670K
FY2024$954K
Expenses
$829K
FY2024▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$192K
FY2021$233K
FY2022$585K
FY2023$649K
FY2024$829K
Net assets
$605K
FY2024▲ +20%
Tap a bar for its year
Net assets by fiscal year
FY2020$300K
FY2021$417K
FY2022$460K
FY2023$503K
FY2024$605K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2011.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $768K Management & general 7% · $61K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
William Moore
President
$0Pt VII · Sec A
Richard Cehon
Treasurer
$0Pt VII · Sec A
Donna Moore
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Robyn Coons
Assistant Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Tracy Linch
Secretary
$0Pt VII · Sec A
See Project New Hope INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps veterans and families gain skills for life after service.

Questions for Project New Hope INC

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Provided by the organization

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1 program · $768K · in their own filed words · FY2024
01

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.

$768Kprogram 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 · FY2025
Greater Worcester Community Foundation INCFY2025$25K
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$954K
Ln 12
Gifts and grantsLn 1h$900K
Other incomeLn 4–11$36K
Investment incomeLn 3$18K
Money outPt IX
$829K
Ln 25
Programscol B$768K
Managementcol C$61K
Owns and owesPt X
$605K
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$633K
LiabilitiesLn 26$27K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$900K
Noncash giftsLn 1g$350K
Investment incomeLn 3$18K
Other incomeLn 4–11$36K
Gains on assetsLn 7$333
Total revenueLn 12$954K
Assets in detailPt X, end of year
CashLn 1$300K
Cash and savings togetherLn 1–2$300K
InvestmentsLn 11–13$177K
Land, buildings, equipmentLn 10c$81K
Other assetsLn 15$44K
Total assetsLn 16$633K
LiabilitiesLn 26$27K
Net assetsLn 32$605K
OperationsPt I, VI
EmployeesI 511
VolunteersI 644
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
LineStart FY24End FY24
Cash and savingsLn 1–2$216K$300K
InvestmentsLn 11–13$172K$177K
Land, buildings, equipmentLn 10c$94K$81K
Total assetsLn 16$509K$633K
LiabilitiesLn 26$6K$27K
Net assetsLn 32$503K$605K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$143K$138K$6K
Payroll taxesLn 10$15K$15K$192
Accounting feesLn 11c$9K$9K
Investment management feesLn 11f$750$750
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$23K$14K$9K
OccupancyLn 16$53K$30K$23K
TravelLn 17$12K$12K
Depreciation, depletion and amortizationLn 22$20K$18K$2K
InsuranceLn 23$13K$13K$620
Other expenses (24a–d)Ln 24$505K$504K$1K
All other expensesLn 24e$20K$11K$9K
Total functional expensesLn 25$829K$768K$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $954K$829K$125K$605K 990 PDF
FY2023 $670K$649K$21K$503K 990 PDF
FY2022 $656K$585K$70K$460K 990 PDF
FY2021 $379K$233K$146K$417K 990 PDF
FY2020 $269K$192K$77K$300K 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 (6 parts)
Part I · Summary $953,922 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $637,917$900,270
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$5,425$17,638
I-11 Other revenuePrior year $37,620$36,014
I-12 Total revenuePrior year $670,112$953,922
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 $118,954$158,522
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $530,158$670,276
I-18 Total expensesPrior year $649,112$828,798
I-19 Revenue less expensesPrior year $21,000$125,124
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $953,922 across 7 lines filed
VIII-1f All other contributions, gifts and grants$900,270
VIII-1g Noncash contributions (included above)$350,282
VIII-1h Total contributions, gifts and grants$900,270
VIII-3 Investment incomeExcluded from tax $17,305$17,305
VIII-7 Net gain or loss on sales of assetsExcluded from tax $333$333
VIII-8 Net income from fundraising eventsExcluded from tax $36,014$36,014
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $53,652$953,922
Part IX · Statement of functional expenses $828,798 across 12 lines filed
IX-7 Other salaries and wagesPrograms $137,827 · Management $5,614$143,441
IX-10 Payroll taxesPrograms $14,889 · Management $192$15,081
IX-11c Accounting feesManagement $8,988$8,988
IX-11f Investment management feesManagement $750$750
IX-12 Advertising and promotionPrograms $14,402$14,402
IX-13 Office expensesPrograms $13,781 · Management $9,399$23,180
IX-16 OccupancyPrograms $30,017 · Management $22,702$52,719
IX-17 TravelPrograms $11,873$11,873
IX-22 Depreciation, depletion and amortizationPrograms $17,777 · Management $2,261$20,038
IX-23 InsurancePrograms $12,569 · Management $620$13,189
IX-24 Other expenses (24a–d)Programs $503,576 · Management $1,303$504,879
IX-24e All other expensesPrograms $11,284 · Management $8,974$20,258
IX-25 Total functional expensesPrograms $767,995 · Management $60,803 · Fundraising $0$828,798
Part X · Balance sheet $632,561 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $216,209$299,827
X-4 Accounts receivable$25,000
X-9 Prepaid expenses and deferred charges$5,888
X-10c Land, buildings and equipment, netStart of year $94,023$81,035
X-12 Other securitiesStart of year $172,204$177,197
X-15 Other assetsStart of year $26,748$43,614
X-16 Total assetsStart of year $509,184$632,561
X-17 Accounts payable and accrued expenses$5,060
X-25 Other liabilitiesStart of year $0$22,286
X-26 Total liabilitiesStart of year $6,300$27,346
X-27 Net assets without donor restrictionsStart of year $481,817$532,405
X-28 Net assets with donor restrictionsStart of year $21,067$72,810
X-32 Total net assets or fund balancesStart of year $502,884$605,215
X-33 Total liabilities and net assetsStart of year $509,184$632,561
Part XI · Reconciliation of net assets $605,215 net assets at year end
XI-1 Total revenue$953,922
XI-2 Total expenses$828,798
XI-3 Revenue less expenses$125,124
XI-4 Net assets at start of year$502,884
XI-9 Other changes in net assets−$22,793
XI-10 Net assets at end of year$605,215

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

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