NEW HOPE FOR GUATEMALA INCORPORATED

EIN: 471062391 501(c)(3) Community Improvement

Green Forest, AR

Total Revenue
$242,319
Total Expenses
$235,882
Total Assets
$8,520
Net Assets
$8,520
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
AR
Principal Officer
Rob Kerby
Phone
8704806170
Tax Period
2021-01-01 to 2021-12-31

NEW HOPE FOR GUATEMALA INCORPORATED, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $242K in total revenue in fiscal year 2021. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

To address, educate, coordinate and provide aid and relief to low-income, at-risk, disadvantaged and distressed persons with a focus on the Republic of Guatemala

Program Service Accomplishments

Program 1
Expenses: $134,169 Revenue: $0

Our primary mission is to identify rural, impoverished communities where youth have no access to secondary education. We then work with community leaders to organize a local high school. Our role is...

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Our primary mission is to identify rural, impoverished communities where youth have no access to secondary education. We then work with community leaders to organize a local high school. Our role is to fund the start-up costs, including teachers and administrators' salaries, until the Guatemalan Ministry of Education can provide support. This year, we did the majority of our work in the towns of El Rodeo, Antigua, Chuchuca and El Tesoro at schools there. These included 1) Escuela Basica INBACOOP de El Rodeo, 2) Colegios de Region de Antigua, 3) Escuela Nueva Esperanza de Chuchuca, 4) Escuelas Oficiales de El Tesoro and 5) Escuelas Primarias de El Rodeo.

Program 2
Expenses: $26,531 Revenue: $0

As we have in the past, we were able to host trips by health professionals and volunteer workers traveling from the United States to help the people in the towns that we serve. The largest group that...

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As we have in the past, we were able to host trips by health professionals and volunteer workers traveling from the United States to help the people in the towns that we serve. The largest group that we hosted was the Circle of Love Foundation of Rockford, Illinois.

Program 3
Expenses: $49,260 Revenue: $0

Because of the COVID-19 lockdowns, we found ourselves much more engaged than usual in helping the people of the towns we serve to obtain food, medical services and basic necessities, such as diapers...

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Because of the COVID-19 lockdowns, we found ourselves much more engaged than usual in helping the people of the towns we serve to obtain food, medical services and basic necessities, such as diapers and medications. We have always assisted in this way, but the need was far greater due to the COVID emergency. Guatemala has experienced severe unemployment due to the shutdown of the tourist industry and the collapse of local economies.

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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 (2021)

Revenue Breakdown

Contributions & Grants $242,319
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $242,319

Expense Breakdown

Grants Paid $95,584
Salaries & Benefits $22,203
Fundraising Expenses $7,290
Program Expenses $209,960
Other Expenses $118,095
TOTAL EXPENSES $235,882

Year-over-Year Comparison

2021 2020 Change
Revenue $242,319 $175,028 +0.4%
Expenses $235,882 $178,013 +0.3%
Net Income $6,437 $-2,985 -3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
3
$7,048
Total Directors
0
$0
Key Employees
1
$7,048
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrew Loveall President 80
Officer Key Emp Highest
$7,048 $0 $7,048
Rob Kerby Secretary/Treasurer 2
Officer
$0 $0 $0
Craig Ramsey Vice President 2
Officer
$0 $0 $0
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
2021 $242,319 $235,882 $8,520 $6,437
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