The Happy Bean Project

Nonprofit profile at a glance

EIN
844508145
IRS 990-EZ coverage
2021–2021
Forms available
Form 990-EZ 2021, Form 990-N 2020
Location
Lake Jackson, TX, USA
Phone
9792998975
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$160,430
Expenses
$160,584
Assets
$19,372

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • SEAN BURNETT (PRESIDENT)
  • BRITTANY PATE (VICE PRESIDENT)

People named in this filing

  • SEAN BURNETT (PRESIDENT)
  • TOMMIE MITCHELL (SECRETARY)
  • BRITTANY PATE (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The happy bean project is a nonprofit veteran ran, coffee shop we have a mobile coffee trailer and a online store. All profits and donations fund our project and coffee events our team of volunteers go to homeless shelters, mental health facilities and the streets to make coffee for the people. Through coffee, we are able to show those in need that we care about them, giving them hope and a person to talk with while sipping coffee. We also provide resources for people suffering with bipolar, ptsd, depression, anxiety and more. The goal is to save lives, to help prevent suicides and to get people talking about mental health

What it reported doing in 2021

Happy bean provided outreach services to those in need throughout the year and successfully connected with the community to establish connections and partnership. Our team of volunteers went to homeless shelters mental health facilities and the streets to serve coffee care packages and clothing. Through coffee we are able to show those in need that we care about them. Giving them hope and a person to talk to while sipping coffee. The goal is to save live. To help prevent suicide and to get people talking about mental health through coffee.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 22
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -0.1%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $161K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 5 of 6 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.