DISCOVERHOPE FUND: Form 990EZ, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- DISCOVERHOPE FUND (EIN 20-4646548)
- Tax period
- 2013-04-01 to 2014-03-31
- Filed
- 2014-07-06
- IRS object ID
- 201401879349200050
- Schema version
- 2013v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-07-06T08:03:49-07:00 | ReturnTs |
| Tax Period End | 2014-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Texas Association of Nonprofit Organizations | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8001 Centre Park Dr Ste 120 | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78754 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2013-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204646548 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DISCOVERHOPE FUND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DISC | BusinessNameControlTxt |
| Phone | 5128099124 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 40789 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78704 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MAGDALYN MILLER | PersonNm |
| Person Title | FOUNDER/BOARD SECRETARY | PersonTitleTxt |
| Phone | 5128099124 | PhoneNum |
| Signature | 2014-07-01 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DONNA R DAVIS CPA | PreparerPersonNm |
| Phone | 5123811490 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Website Address | www.lendhope.com | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $93,529 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $20,734 | ContributionsGiftsGrantsEtcAmt |
| Program Service Revenue | $10,800 | ProgramServiceRevenueAmt |
| Membership Dues | $0 | MembershipDuesAmt |
| Investment Income | $0 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Gain Or Loss From Sale Of Assets | $0 | GainOrLossFromSaleOfAssetsAmt |
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Fundraising Gross Income | $61,995 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $8,407 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | $53,588 | SpecialEventsNetIncomeLossAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Gross Profit Loss Sls Of Invntry | $0 | GrossProfitLossSlsOfInvntryAmt |
| Total Revenue | $85,122 | TotalRevenueAmt |
| Fees And Other Pymt To Ind Cntrct | $41,991 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $640 | OccupancyRentUtltsAndMaintAmt |
| Printing Publications Postage | $1,717 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $42,517 | OtherExpensesTotalAmt |
| Total Expenses | $86,865 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$1,743 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $50,967 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $49,224 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,819 | BOYAmt |
| EOY | $39,707 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,223 | BOYAmt |
| EOY | $51,592 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,042 | BOYAmt |
| EOY | $91,299 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,075 | BOYAmt |
| EOY | $42,075 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,967 | BOYAmt |
| EOY | $49,224 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | Microcredit loans & sustainable development programs | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (2 entries)
| Description Program Srvc AccomDescriptionProgramSrvcAccomTxt | Program Service ExpensesProgramServiceExpensesAmt |
|---|---|
| DiscoverHope Fund creates opportunities for women to overcome poverty through the power of microcredit loans and educational training. This year 451 loans were provided with a 100% loan payback rate. | $9,261 |
| The organization's Microcredit Plus model includes training support for women to be successful in business. Women were provided with 880 training opportunities this year. | $27,783 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $37,044 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (5 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| John Thornborrow | ||
| President | 5.00 | $0 |
| MAGDALYN MILLER | ||
| Secretary | 5.00 | $0 |
| AMBER BENNETT | ||
| Treasurer | 5.00 | $0 |
| HECTOR DOMINGUEZ | ||
| Director | 5.00 | $0 |
| ANDREA WOLFE | ||
| Director | 5.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | Yes (true) | MadeLoansToFromOfficersInd |
| Loans To From Officers | $42,075 | LoansToFromOfficersAmt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MAGDALYN MILLER | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1108 Juniper St | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78702 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5128099124 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Other Employee Paid Over100k | 0 | OtherEmployeePaidOver100kCnt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
| Public Support Total170 | $0 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY170 | 0 | PublicSupportCY170Pct |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $106,652 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $130,196 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $84,744 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $129,105 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $85,122 | CurrentTaxYearAmt |
| Total | $535,819 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $106,652 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $130,196 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $84,744 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $129,105 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $85,122 | CurrentTaxYearAmt |
| Total | $535,819 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,629 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,050 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,125 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,960 | CurrentTaxYearAmt |
| Total | $48,764 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,629 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,050 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,125 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,960 | CurrentTaxYearAmt |
| Total | $48,764 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $487,055 | PublicSupportTotal509Amt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $535,819 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.90900 | PublicSupportCY509Pct |
| Public Support PY509 | 0.90070 | PublicSupportPY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Holiday of Hope | NameOfEvent1Amt |
| Gross Receipts Event1 | $60,645 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $60,645 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $3,219 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $1,322 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $3,866 | EntertainmentEvent1Amt |
| Name Of Event2 | NONE | NameOfEvent2Amt |
| Gross Receipts Total | $60,645 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $60,645 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $3,219 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $1,322 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $3,866 | EntertainmentTotalEventsAmt |
| Direct Expense Summary Events | $8,407 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $52,238 | NetIncomeSummaryAmt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan To OrganizationLoanToOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| JOHN THORNBORROW | |||||||
| Officer | Microcredit Loan | Yes (X) | $41,000 | $32,075 | false | Yes (true) | Yes (true) |
| AMBER BENNETT | |||||||
| Officer | Microcredit Loan | Yes (X) | $10,000 | $10,000 | false | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $42,075 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990EZ, Part I, Line 16 | SUPPLIES 2775. MARKETING/PR/ADVERTISING 1007. TRAVEL 202. LOAN FUND EXPENSES 33096. MISCELLANEOUS 5437. |
| Form 990EZ, Part II, Line 24 | MICROCREDIT LOAN FUND 43223. 43223. RICE STOVE - PERU PROGRAM 8369. |
| Form 990EZ, Part II, Line 26 | MICROCREDIT LENDERS 48075. 42075. |
Comments