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Project HOPE

CharityWatch report issued
October 2020

Top-Rated Charity
B+
CharityWatch Grade
Our independent grade based
on a number of factors.
 
77%
Program Percentage
Amount spent on programs
relative to overhead.
 
$27
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Project HOPE
255 Carter Hall Lane
PO Box 250
Millwood, VA 22646

Other Names

People-to-People Health Foundation

Tax Status

501(c)3

Stated Mission

Committed to transforming lives & uplifting communities by empowering healthcare workers to expertly implement & teach innovative solutions, in times of need & into the future.

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Data based on Fiscal Year Ended 12/31/2018

Program Percentage: 77%

The percentage of Project HOPE's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$56,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $27

How many dollars Project HOPE spends on fundraising to raise each $100 of contributions.

$28,000,000

Calculated Total Contributions

(rounded)

Government Funding

25% to 49%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Project HOPE – The People-to-People Health Foundation IRS Form 990 53-0242962
Project HOPE – The People-to-People Health Foundation Audited Financial Statements 53-0242962
Entity: Project HOPE – The People-to-People Health Foundation
Document Type: IRS Form 990
Tax ID: 53-0242962
Entity: Project HOPE – The People-to-People Health Foundation
Document Type: Audited Financial Statements
Tax ID: 53-0242962

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Project HOPE
meets governance benchmarks.
 
Project HOPE
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 Thomas Kenyon, M.D. CEO $415,652
2 Alan Weil VP, Health Policy/Editor in Chief, Health Affairs $406,419
3 Rabih Torbay President $347,437
1
Name: Thomas Kenyon, M.D.
Title: CEO
Compensation: $415,652
2
Name: Alan Weil
Title: VP, Health Policy/Editor in Chief, Health Affairs
Compensation: $406,419
3
Name: Rabih Torbay
Title: President
Compensation: $347,437

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Project HOPE 2018 tax filing, Project HOPE reports receiving in-kind contributions of drugs and medical supplies on which it placed a value of $34,732,708 (IRS Form 990, Schedule M). Project HOPE also reports receiving donated services and use of facilities in 2018 on which it placed a value of $2,012,191 (IRS Form 990, Schedule D, Part XI).

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Project HOPE audit of December 31, 2018 (Note 12, Commitments and Contingencies, Employment agreements):

"The Foundation has two employment agreements with its Chief Executive Officer and its President. In the event of termination, the Foundation may be required to pay severance totaling a maximum of six months of the annual salary, performance bonus and other benefits, as defined in the agreements."

According to the Project HOPE 2018 tax filing, Project HOPE reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):

"Performance based bonuses were paid during 2018."


Project HOPE reports "Bonus & incentive compensation" payments to two individuals in 2018: (1) Ann Marie Link, Senior Deputy Publisher, in the amount of $10,000; and (2) Steven Vincent Neri, Senior Regional Director, in the amount of $3,500. Their reported total compensation in 2018 is $193,209 and $212,464, respectively (IRS Form 990, Schedule J, Part II).