The Haven Project INC FY2020 filing

Tax-deductible

Lynn, MA501(c)(3)Since 2011EIN 45-3797693Revenue $717K in FY2020

On file with the IRS57 Munroe St, 01901-1506 · Lynn, MATax-exempt since Mar 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Founded in 2011 the Haven Project INC. The organization is a not-for-profit organization operating out of lynn ma with the mission to equip train and empower at risk homeless young adults by providing them with the basic needs online learning educational support job training and job acquisition stable living options and opportunities to build community and life skills.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $111K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $298K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$62K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$717K
Spent
$583K
To programs
73%
Net assets
$697K
By yearFY2020–FY2025
Revenue
$717K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$717K
FY2021$1.1M
FY2022$891K
FY2023$713K
FY2024$1.3M
FY2025$2.0M
Expenses
$583K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$583K
FY2021$541K
FY2022$795K
FY2023$881K
FY2024$1.3M
FY2025$1.9M
Net assets
$697K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$697K
FY2021$1.3M
FY2022$1.1M
FY2023$918K
FY2024$896K
FY2025$981K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2013.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $426K Management & general 26% · $153K Fundraising 1% · $4K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021
Tracey Scherrer$104,090$97,750$50,980

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Haven Project 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides skills and support to homeless young adults for safety and self-sufficiency.

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Provided by the organization

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3 programs · $355K · in their own filed words · FY2020
01

Drop in center provided at risk homeless young adults with basic needs, food, education and job training

$159Kprogram expense
02

Maintained and staffed coffee shop open to the public by provising jobs, training, and publuc service experience for at risk young adults.

$115Kprogram expense
03

Job training and housing program provided at risk homeless young adults with temporary housing and job training.

$81Kprogram 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 · FY2024
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$717K
Ln 12
Gifts and grantsLn 1h$498K
Fees for servicesLn 2g$217K
Other incomeLn 4–11$1K
Money outPt IX
$583K
Ln 25
Programscol B$426K
Managementcol C$153K
Fundraisingcol D$4K
Owns and owesPt X
$697K
net assets · Ln 32
Cash and savingsLn 1–2$637K
Total assetsLn 16$758K
LiabilitiesLn 26$62K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$498K
Fundraising eventsLn 1c$44K
Fees for servicesLn 2g$217K
Other incomeLn 4–11$1K
Total revenueLn 12$717K
Assets in detailPt X, end of year
CashLn 1$637K
Cash and savings togetherLn 1–2$637K
Total assetsLn 16$758K
LiabilitiesLn 26$62K
Net assetsLn 32$697K
OperationsPt I, VI
EmployeesI 511
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$444K$637K
Total assetsLn 16$572K$758K
LiabilitiesLn 26$9K$62K
Net assetsLn 32$564K$697K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$235K$193K$41K
Pension plan contributionsLn 8$3K$3K
Payroll taxesLn 10$22K$18K$4K
Management feesLn 11a$87K$87K
Accounting feesLn 11c$25K$25K
Advertising and promotionLn 12$344$344
Office expensesLn 13$4K$286$4K
Information technologyLn 14$8K$8K
OccupancyLn 16$99K$91K$4K$4K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$3K$3K$317$317
Other expenses (24a–d)Ln 24$59K$56K$3K
All other expensesLn 24e$23K$21K$3K
Total functional expensesLn 25$583K$426K$153K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.9M$55K$981K 990 PDF
FY2024 $1.3M$1.3M−$22K$896K 990 PDF
FY2023 $713K$881K−$168K$918K 990 PDF
FY2022 $891K$795K$96K$1.1M 990 PDF
FY2021 $1.1M$541K$573K$1.3M 990 PDF
FY2020 Viewing $717K$583K$133K$697K 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 FY2020 990 (6 parts)
Part I · Summary $716,653 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $501,313$498,134
I-9 Program service revenuePrior year $207,879$217,129
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $312$1,390
I-12 Total revenuePrior year $709,504$716,653
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 $299,298$259,807
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $368,707$323,617
I-18 Total expensesPrior year $668,005$583,424
I-19 Revenue less expensesPrior year $41,499$133,229
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower 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
Part VIII · Statement of revenue $716,653 across 7 lines filed
VIII-1c Fundraising events$44,008
VIII-1f All other contributions, gifts and grants$454,126
VIII-1h Total contributions, gifts and grants$498,134
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $217,129$217,129
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,390$1,390
VIII-12 Total revenueRelated to mission $218,519 · Unrelated business $0 · Excluded from tax $0$716,653
Part IX · Statement of functional expenses $583,424 across 14 lines filed
IX-7 Other salaries and wagesPrograms $193,339 · Management $41,392$234,731
IX-8 Pension plan contributionsManagement $2,892$2,892
IX-10 Payroll taxesPrograms $18,177 · Management $4,007$22,184
IX-11a Management feesManagement $86,671$86,671
IX-11c Accounting feesPrograms $25,148$25,148
IX-12 Advertising and promotionManagement $344$344
IX-13 Office expensesPrograms $286 · Management $4,188$4,474
IX-14 Information technologyPrograms $7,863$7,863
IX-16 OccupancyPrograms $91,358 · Management $3,900 · Fundraising $3,900$99,158
IX-17 TravelManagement $3,825$3,825
IX-22 Depreciation, depletion and amortizationPrograms $10,718$10,718
IX-23 InsurancePrograms $2,534 · Management $317 · Fundraising $317$3,168
IX-24 Other expenses (24a–d)Programs $55,766 · Management $2,992$58,758
IX-24e All other expensesPrograms $20,662 · Management $2,828$23,490
IX-25 Total functional expensesPrograms $425,851 · Management $153,356 · Fundraising $4,217$583,424
Part X · Balance sheet $758,481 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $444,473$637,379
X-8 Inventories for sale or useStart of year $2,340$2,483
X-9 Prepaid expenses and deferred chargesStart of year $13,658$12,128
X-14 Intangible assetsStart of year $111,911$106,491
X-16 Total assetsStart of year $572,382$758,481
X-17 Accounts payable and accrued expensesStart of year $8,824$38,302
X-24 Unsecured notes and loans payable$23,392
X-26 Total liabilitiesStart of year $8,824$61,694
X-27 Net assets without donor restrictionsStart of year $479,209$638,085
X-28 Net assets with donor restrictionsStart of year $84,349$58,702
X-32 Total net assets or fund balancesStart of year $563,558$696,787
X-33 Total liabilities and net assetsStart of year $572,382$758,481
Part XI · Reconciliation of net assets $696,787 net assets at year end
XI-1 Total revenue$716,653
XI-2 Total expenses$583,424
XI-3 Revenue less expenses$133,229
XI-4 Net assets at start of year$563,558
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$696,787

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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