DISCOVERHOPE FUND: Form 990EZ, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- DISCOVERHOPE FUND (EIN 20-4646548)
- Tax period
- 2010-04-01 to 2011-03-31
- Filed
- 2011-06-17
- IRS object ID
- 201101719349200100
- Schema version
- 2010v3.2
- 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) |
|---|---|---|
| Timestamp | 2011-06-17T13:17:56-00:00 | Timestamp |
| Tax Period End Date | 2011-03-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tax Trailer | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1503-A Nickerson | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78704 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnType |
| Tax Period Begin Date | 2010-04-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 204646548 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DiscoverHope Fund | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DISC | NameControl |
| Phone | 5125353344 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | John Thornborrow | Name |
| Title | President | Title |
| Date Signed | 2011-06-17 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Suzanna Walker | Name |
| Phone | 5129121040 | Phone |
| Date Prepared | 2011-06-17 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Web Site | www.lendhope.org | WebSite |
| Organization501c3 | X | Organization501c3 |
| Gross Receipts | 151132 | GrossReceipts |
| Info In Schedule O Part I | X | InfoInScheduleOPartI |
| Contributions Gifts Grants Etc | 151132 | ContributionsGiftsGrantsEtc |
| Total Revenue | 151132 | TotalRevenue |
| Salaries Other Comp Empl Benefits | 39847 | SalariesOtherCompEmplBenefits |
| Fees And Oth Pymt To Ind Contractors | 16093 | FeesAndOthPymtToIndContractors |
| Printing Publications Postage | 2799 | PrintingPublicationsPostage |
| Other Expenses Total | 66547 | OtherExpensesTotal |
| Total Expenses | 125286 | TotalExpenses |
| Excess Or Deficit For Year | 25846 | ExcessOrDeficitForYear |
| Net Assets Or Fund Balances BOY | 31929 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 57775 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part II | X | InfoInScheduleOPartII |
Cash Savings And Investments CashSavingsAndInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25664 | BOY |
| EOY | 56467 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16265 | BOY |
| EOY | 32208 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41929 | BOY |
| EOY | 88675 | EOY |
Sum Of Total Liabilities SumOfTotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10000 | BOY |
| EOY | 30900 | EOY |
Net Assets Or Fund Balances NetAssetsOrFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31929 | BOY |
| EOY | 57775 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | Microcredit LoansSustainable Development Programs | PrimaryExemptPurpose |
Program Service Accomplishment ProgramServiceAccomplishment (2 entries)
| Description Program Service AccomDescriptionProgramServiceAccom | Program Service ExpensesProgramServiceExpenses | Grants And AllocationsGrantsAndAllocations |
|---|---|---|
| DHF provides microcredit for women in poverty to create their own prosperity Our "microloans" average $150/woman & help grow their small businesses In FY2010, DHF financed $30,000 for 200 loans with a 100% payback success rate DHF provides an opportunity for women in poverty to create their own prosperity through microcredit, entrepreneurship, and training Our "microloans" average $125 per woman and help initiate and grow their small businesses During FY 2009, we sourced $37,000 of loans | 12928 | |
| DHF champions the development of women through training support for entrepreneurial, financial, & personal goals based on women's needs During FY2010 we supported 325 development classes for 650 participants DHF champions the development of every woman we work with through providing training support for entrepreneurial, financial, and personal goals based on women's needs During FY 2009 we supported 255 development classes (literacy, health, artisan, business) for 1000 participants | 38783 | 10000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | 51711 | TotalProgramServiceExpenses |
Officer Director Trustee Key Empl OfficerDirectorTrusteeKeyEmpl (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| John Thornborrow | ||||||
| 6700 Havenbrook Cv | Austin | TX | 78759 | President | 005.00 | 0 |
| Maggie Miller | ||||||
| 1009 Stoneoak Lane | Austin | TX | 78745 | Executive Director | 060.00 | 36667 |
| Amber Bennett | ||||||
| 607 Deep Eddy Drive | Austin | TX | 78703 | Director | 005.00 | 0 |
| Chelsea McCullough | ||||||
| 7635 Guadalupe St Apt 806 | Austin | TX | 78752 | Director | 005.00 | 0 |
| Chasity Keen Larios | ||||||
| 11506 Ruffed Grouse | Austin | TX | 78758 | Director | 005.00 | 0 |
| Ashley Moran | ||||||
| 1902 Fair Oaks Drive | Austin | TX | 78745 | Director | 005.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRpt |
| Made Changes To Orgnzng Etc Doc | false | MadeChangesToOrgnzngEtcDoc |
| Organization Had UBI | false | OrganizationHadUBI |
| Organization Filed990 T | false | OrganizationFiled990T |
| Organization Dissolved Etc | false | OrganizationDissolvedEtc |
| Did Org File Form1120 POL This Year | false | DidOrgFileForm1120POLThisYear |
| Made Loans To From Officers | true | MadeLoansToFromOfficers |
| Loans To From Officers | 30900 | LoansToFromOfficers |
| Tax Imposed Under IRC4911 | 0 | TaxImposedUnderIRC4911 |
| Tax Imposed Under IRC4912 | 0 | TaxImposedUnderIRC4912 |
| Tax Imposed Under IRC4955 | 0 | TaxImposedUnderIRC4955 |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTrans |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Maggie Miller Executive Director | NamePerson |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1009 Stoneoak Lane | AddressLine1 |
| City | Austin | City |
| State | TX | State |
| ZIP Code | 78745 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 5125353344 | TelephoneNumber |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccount |
| Foreign Office | false | ForeignOffice |
| Maintain Any Donor Advised Funds | false | MaintainAnyDonorAdvisedFunds |
| Does Org Have Hospital | false | DoesOrgHaveHospital |
| Tanning Services Provided | false | TanningServicesProvided |
| Form720 Filed | false | Form720Filed |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction With Control Entity | false | TransactionWithControlEntity |
| Engage Political Cmpgn Activities | false | EngagePoliticalCmpgnActivities |
| Engage In Lobbying Activities | false | EngageInLobbyingActivities |
| Operating School | false | OperatingSchool |
| Trnsfrs Exempt Non Char Related Org | false | TrnsfrsExemptNonCharRelatedOrg |
| Related Org Section527 Org | false | RelatedOrgSection527Org |
| Part VI Of Comp Of Highest Paid Empl | NONE | PartVIOfCompOfHighestPaidEmpl |
| Part VIA Hghst Paid Cntrct Prof Ser | NONE | PartVIAHghstPaidCntrctProfSer |
| Filed Schedule A | true | FiledScheduleA |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
| Public Support Total170 | 0 | PublicSupportTotal170 |
| Public Support Pertcentage170 | 0.00000 | PublicSupportPertcentage170 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 13604 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 62366 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 69857 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 106652 | CurrentTaxYearMinus1Year |
| Current Tax Year | 130196 | CurrentTaxYear |
| Total | 382675 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 13604 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 62366 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 69857 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 106652 | CurrentTaxYearMinus1Year |
| Current Tax Year | 130196 | CurrentTaxYear |
| Total | 382675 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 382675 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Net Income From Other UBI NetIncomeFromOtherUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 13604 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 62366 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 69857 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 106652 | CurrentTaxYearMinus1Year |
| Current Tax Year | 130196 | CurrentTaxYear |
| Total | 382675 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | X | First5Years509 |
| Public Support Percentage509 | 0.00000 | PublicSupportPercentage509 |
| Investment Income Percentage | 0.00000 | InvestmentIncomePercentage |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | John Thornborrow | NamePerson |
| Purpose Of Loan | Microcredit Loan | PurposeOfLoan |
| Loan To Organization | X | LoanToOrganization |
| Original Principal | $41,000 | OriginalPrincipalAmount |
| Balance Due | 30900 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 30900 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (19 entries)
| ExplanationExplanation |
|---|
| Form 990-EZ, Part I, Line 16, Other Expenses Travel 3,911 |
| Form 990-EZ, Part I, Line 16, Other Expenses Meals and entertainment 533 |
| Form 990-EZ, Part I, Line 16, Other Expenses Fundraising 28,192 |
| Form 990-EZ, Part I, Line 16, Other Expenses Conferences, conventions, and meetings 282 |
| Form 990-EZ, Part I, Line 16, Other Expenses Supplies 902 |
| Form 990-EZ, Part I, Line 16, Other Expenses Telephone 1,503 |
| Form 990-EZ, Part I, Line 16, Other Expenses Bank fees 391 |
| Form 990-EZ, Part I, Line 16, Other Expenses Marketing/Advertising 228 |
| Form 990-EZ, Part I, Line 16, Other Expenses Website/Hosting 3,338 |
| Form 990-EZ, Part I, Line 16, Other Expenses Software computer expense 580 |
| Form 990-EZ, Part I, Line 16, Other Expenses Memberships Fees 624 |
| Form 990-EZ, Part I, Line 16, Other Expenses Peru program Support 23,371 |
| Form 990-EZ, Part I, Line 16, Other Expenses In-kind Services 2,692 |
| Form 990-EZ, Part II, Line 24, Other Assets Fixed Assets Beginning of year 700, End of |
| year 700 |
| Form 990-EZ, Part II, Line 24, Other Assets Loans Beginning of year 15,565, End of year |
| 31,508 |
| Form 990-EZ, Part II, Line 26, Liabilities Microcredit Loan Beginning of year 10,000, End |
| of year 30,900 |
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