EDUCATION AND HOPE INC

EIN: 061532033 501(c)(3) Philanthropy & Grantmaking

NORWALK, CT

Total Revenue
$648,442
Total Expenses
$849,798
Total Assets
$1,083,241
Net Assets
$1,046,177
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CT
Principal Officer
JULIE E COYNE
Phone
2039843926
Tax Period
2023-01-01 to 2023-12-31

EDUCATION AND HOPE INC, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $648K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $850K exceeded revenue, resulting in a 31% operating deficit.

Mission

EDUCATION AND HOPE IS A NON-PROFIT ORGANIZATION EMPOWERING CHANGE THROUGH EDUCATION AND WELLNESS IN THE WESTERN HIGHLANDS OF GUATEMALA. FOUNDED ON THE BELIEF THAT EDUCATION IS A FUNDAMENTAL HUMAN RIGHT AND THAT ALL THE WORLD'S CHILDREN DESERVE TO BE EDUCATED, WE STRONGLY BELIEVE THAT EDUCATION IS THE MOST EFFECTIVE AGENT TO BREAK THE CYCLE OF POVERTY. OUR APPROACH IS HOLISTIC, AND OUR WORK FOCUSES ON STRENGTHENING ACADEMIC ACHIEVEMENT, PHYSICAL AND EMOTIONAL DEVELOPMENT, AND DEVELOPING CORE LIFE SKILLS. OUR PROGRAM CONSISTS OF TWO PRIMARY COMPONENTS: COMPREHENSIVE SCHOLARSHIPS COVERING THE COSTS INVOLVED IN EDUCATING EACH STUDENT; AND AN AFTER-SCHOOL ENRICHMENT CENTER PROVIDING TUTORING, NUTRITIOUS MEALS, SHOWERS, MEDICAL ATTENTION, AND MENTAL HEALTH COUNSELING IN A FAMILY-CENTERED ENVIRONMENT FILLED WITH LOVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $639,840
Program Service Revenue $0
Investment Income $8,602
Other Revenue $0
TOTAL REVENUE $648,442

Expense Breakdown

Grants Paid $175,656
Salaries & Benefits $459,489
Fundraising Expenses $30,666
Program Expenses $728,434
Other Expenses $214,653
TOTAL EXPENSES $849,798

Year-over-Year Comparison

2023 2022 Change
Revenue $648,442 $722,433 -0.1%
Expenses $849,798 $924,026 -0.1%
Net Income $-201,356 $-201,593 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$115,292
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALISON LANEY SECRETARY 5.00
Officer Director
$0 $0 $0
ANA BLAZE VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
BETH IOVINELLI DIRECTOR 1.00
Director
$0 $0 $0
BRIAN RAMSAY DIRECTOR 1.00
Director
$0 $0 $0
GRAHAM FOSTER TREASURER 1.00
Officer Director
$0 $0 $0
JENNIFER TARLETON DIRECTOR 1.00
Director
$0 $0 $0
KAREN ELDERS PRESIDENT 5.00
Officer Director
$0 $0 $0
KATIE COYNE RESTREPO DIRECTOR 1.00
Director
$0 $0 $0
KELLY DEGULIS DIRECTOR 1.00
Director
$0 $0 $0
VANESSA FROSINI DIRECTOR 1.00
Director
$0 $0 $0
JULIE COYNE EXECUTIVE DIRECTOR 50.00
Officer
$99,820 $15,472 $115,292
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $648,442 $849,798 $1,083,241 $-201,356
2022 $722,433 $924,026 $1,394,307 $-201,593
2021 $596,955 $584,997 $1,457,038 $11,958
2020 $800,015 $535,445 $1,468,722 $264,570
2019 $524,438 $614,124 $1,177,980 $-89,686
2018 $599,789 $630,227 $1,266,022 $-30,438
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