Abandon Project Inc
- Assets
- $222.4k
- Revenue
- $495.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Matthews, NC
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 27-2493515
Organization Overview
Abandon Project Inc, operating under the name Neighborhood Hope, is located in Matthews, NC. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Neighborhood Hope employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Hope is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Neighborhood Hope generated $495.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $252.2k during the year ending 12/2022. While expenses have increased by 22.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEALS, SCHOOL SUPPLIES, TUTORING AND OTHER RESOURCES FOR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH INITIATIVE PROGRAM PROVIDES NUTRITIONAL EDUCATION TO CHILDREN AND HOW TO SEE THEIR WORTH THROUGH NUTRITION. IT ALSO EDUCATES THEM ON RECOGNIZING PROTEINS, VEGETABLES, AND GOOD CARBOHYDRATES VERSUS BAD CARBOHYDRATES. THIS PROGRAM ALSO PROVIDES COOKING CLASSES TO THE STUDENTS AND FAMILIES TO SHOW THEM SUBSTITUTIONS THEY CAN MAKE IN THEIR EVERY DAY LIVING TO MAKE BETTER CHOICES THAT WILL HELP THEM CONTINUE TO GET HEALTHIER. THIS PROGRAM ALSO PROVIDES COOKED MEAL ON A CONTINUOUS BASIS TO FAMILIES WHO NEED THEM.
THE TUTORING PROGRAM PROVIDES AN OPPORTUNITY FOR STUDENTS TO RECEIVE HELP WITH SCHOOL WORK AND STRUCTURED ASSIGNMENTS THROUGH AN I-READY PROGRAM. THIS PROGRAM HELPS THEM TO ASSESS THEIR CURRENT READING COMPREHENSION LEVEL AND ALLOW US TO MAKE CURRICULUM SPECIFIC TO EACH CHILD TO HELP BETTER THEIR READING COMPREHENSION LEVELS. WE ALSO PROVIDE SNACKS DURING THE TUTORING TIME THAT CURRENTLY MEETS TWO TIMES A WEEK.
NEIGHBORHOOD INITIATIVE PROVIDES COMMUNITY AND SMALL GROUP ACTIVITIES IN THE COMMUNITY. THIS PROGRAM IS MEANT TO BE A RELATIONAL OPPORTUNITY TO PROVIDE FAMILIES RESOURCES, WHETHER IS IS CONNECTION TO A JOB OR TRADE SCHOOL. WE ALSO HELP THEM IF THEY HAVE A NEED SUCH AS COUNSELING SERVICES. THIS PROGRAM HAD TO SHIFT TO MORE VIRTUAL ONCE COVID-19 HIT BECAUSE WE WERE LIMITED WITH SOCIAL GATHERINGS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,440 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $363,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,525 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $495,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,333 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,315 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,645 |
| Advertising and promotion | $966 |
| Office expenses | $3,320 |
| Information technology | $1,166 |
| Royalties | $0 |
| Occupancy | $6,175 |
| Travel | $3,616 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,518 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,761 |
| All other expenses | $0 |
| Total functional expenses | $252,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $222,444 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $222,444 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $222,444 |