Project High Hopes in Escondido, California (CA)

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Project High Hopes
Employer Identification Number (EIN)421705869
Name of OrganizationProject High Hopes
Address19811 4th Pl, Escondido, CA 92029-7004
SubsectionCharitable Organization, Educational Organization
Ruling Date03/2007
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period04/2014
Assets$1,000,000 to $4,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$4,986,998
Amount of Income$7,009,153
Form 990 Revenue Amount$14,038
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Management & Technical Assistance


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Amount of income in 2014: $7,009,153 (it was $4,034,735 in 2013)
Project High Hopes: 

 $7,009,153
Other organizations performing similar types of work: 

 $360,929

Assets in 2014: $4,986,998 (it was $4,544,494 in 2013)
This organization: 

 $4,986,998
Other organizations performing similar types of work: 

 $203,166

Expenses in 2014: $750,836
This organization: 

 $750,836
Other organizations performing similar types of work: 

 $406,209

Income to expenses ratio in 2014: 9.3
Project High Hopes: 

 9.3
Other organizations performing similar types of work: 

 1.0

Grants share in income in 2014: 89.9%
This organization: 

 89.9%
Other organizations performing similar types of work: 

 34.5%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Expenses for 2014

Analysis of Revenue and Expenses (for 2014)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$1,193,340$120,500$98,323
Contributions, gifts, grants, etc., received$1,072,840
Interest on savings and temporary cash investments$61
Dividends and interest from securities$97,446
Gross rents$0
Gross sales price for all assets$5,838,806
Gross profit from sales of goods$0
Other income$0
Other$22,993
Total expenses and disbursements$750,836$25$0$750,812
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$8,193
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$137,591
Printing and publications$400
Total operating and administrative expenses$670,189$25$670,165
Contributions, gifts, grants paid$80,647
Excess of revenue over expenses and disbursements$442,504
Net investment income$120,475
Adjusted net income$98,323
Balance Sheets
201220132014
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$712,704$184,285$4,544,494$4,065,936$4,986,998$4,421,312
Cash - non-interest-bearing$1,451$223,464$0
Investments-U.S. and state government obligations$0$2,999,325$0
Investments-corporate stock$711,253$1,321,705$1,839,559
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$2,000,000
Other assets$0$0
Total liabilities$275$1$1
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$712,429$4,544,494$4,986,998
Capital Gains and Losses for Tax on Investment Income
201220132014
Capital gain net income$2,054$8,150$22,993
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201220132014
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$41$163$2,410
Total credits and payments$0$0$0
Any penalty for underpayment of estimated tax$0$0$4
Tax due$163$2,414
Overpayment$0$0
Amount to be credited to next year's estimated tax$0$0$0
Statements Regarding Activities
201220132014
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?YesNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201220132014
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201220132014
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$191,947$980,592$3,506,998
Net value of noncharitable-use assets$965,883$3,454,393
Minimum investment return$9,453$48,294$172,720
Distributable Amount
201220132014
Distributable amount$0$0$0
Undistributed Income
201220132014
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2011 - 2014)
2014201320122011Total
The lesser of the adjusted net income or the minimum investment return$98,323$11$0$10,548$108,882
Qualifying distributions made directly for active conduct of exempt activities$670,165$70,700$24,824$31,240$796,929
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$115,146$32,196$6,302$7,032$160,676
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2014)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2014)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$61$0
Dividends and interest from securities$97,446$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2014)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The Louisiana Association Of Commun Ity Action Partnerships IncP O Box 459, Sicily Islanf, LA 71368LA1999-08$74,042,675
2Project High Hopes19811 4th Pl, Escondido, CA 92029-7004CA2007-03$7,009,153
3Experience Corps, Aarp Experience Corps601 E St Nw, Washington, DC 20049-0001DC2009-05$6,849,787
4Rockwood Leadership Institute426 17th St Ste 400, Oakland, CA 94612-2817CA2003-12$2,572,438
5Grantmakers Concerned With Immigrants And RefugeesPO BOX 1100, Sebastopol, CA 95473-1100CA2006-02$1,873,954
6Tides Two Rivers FundPO BOX 29198, San Francisco, CA 94129-0198CA2004-10$1,319,746
7Social Venture Partners International220 Second Avenue South Third Floor, Seattle, WA 98104-2222WA2003-01$1,080,272
8Brooks Skilled Nursing Facility Holdings A Inc3599 University Blvd South, Jacksonville, FL 32216-4252FL2011-02$693,066
9Worldwide Initiatives For Grantmaker Support IncAv Brigadeiro Faria Lima 2413 Cjto 11, Sao Paulointernational2010-12$648,641
10Mediacausesorg Incorporated, Mediacauseorg349 Mountain View Ave, San Rafael, CA 94901-1371CA2011-09$520,765
11San Diego Grantmakers5060 Shoreham Pl Ste 350, San Diego, CA 92122-5977CA1999-10$499,943
12Liferay Foundation1400 Montefino Ave, Diamond Bar, CA 91765-5500CA2009-07$46,567
13Clearport Technology Group47 Laurel Avenue, Larkspur, CA 94939CA2005-01$28,931
14Nonprofit Sector Foundation28530 Championship Dr, Moreno Valley, CA 92555CA2010-08$5,152
15A Resource Development & Organizational Network, Ardon1934 Parkdale Lane, Encinitas, CA 92024CA2001-05$0
16Global Philanthropy Foundation2708 Wilshire Boulevard 369, Santa Monica, CA 90403CA2014-09$0
17Grant Funding Sponsorship Group Inc599 Higuera St, San Luis Obispo, CA 93401CA2013-05$0
18Officeplease Foundation12571 Maple Glen Rd, Glen Ellen, CA 95442-9719CA2007-06$0
19Openmizu10970 Red Cedar Dr, San Diego, CA 92131-1307CA2008-06$0
20Purchasing Services Agency50 California St Ste 200, San Francisco, CA 94111-4605CA2000-08$0
Number of organizations performing similar types of work
Alaska1
Arizona1
California15
Connecticut2
District of Columbia6
Florida1
Georgia4
Iowa2
Idaho1
Indiana2
Kentucky4
Louisiana1
Massachusetts4
Maryland2
Michigan2
Minnesota2
Missouri4
Montana1
North Carolina1
Nebraska1
New Jersey4
New Mexico2
Nevada1
New York5
Ohio2
Oregon1
Pennsylvania3
South Carolina1
Tennessee1
Texas11
Virginia2
Washington1
Wisconsin1
International1
Total93

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