The Hometown Project Inc
Nonprofit profile at a glance
- EIN
- 991115643
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 3016919312
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $931,288
- Expenses
- $737,889
- Assets
- $194,827
- Liabilities
- $1,228
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ERIN FREDERICK (EXECUTIVE DIRECTOR/TREASURER)
- PETER SALETT (PRESIDENT)
Highest reported compensation
- ERIN FREDERICK (EXECUTIVE DIRECTOR/TREASURER): $129,167 total reported compensation
- AMY DIPRIMA FORSTE (SECRETARY): $84,777 total reported compensation
- PETER SALETT (PRESIDENT): $49,902 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
An advocacy organization that mobilizes artists & cultural figures to boost voter engagement in their hometowns.
What it reported doing in 2024
Gotv program. Encouraged and fostered non-partisan initiatives to mobilize and to inform individuals about the importance of voting in local elections. The organization supported and carried out voter engagement and gotv programs in states including North Carolina, Wisconsin, Pennsylvania, New York, Iowa, Georgia, Virginia, as well as internationally (to reach americans living abroad). Our program progressed by adding live events in addition to video content.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 32
- Sustainability: 49
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.7%; rating input score 66
- Program expense ratio: 82.9%; rating input score 83
- Fundraising efficiency: $15.29 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 20.8%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 35.8%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 65.7% of revenue deployed · 82.9% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $612K in reported program spending
- Leadership: top reported pay $129K · 3 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- High — Accountability: Independent voting board scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 5/100.