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Hourglass Project

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 832082676 ✦ San luis obispo, CA ✦ Designated as a 501(c)(3)

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Overview

What is Hourglass Project?

Hourglass Project Dba Reach, established in San Luis Obispo, California, is a nonprofit organization dedicated to fostering economic growth and job opportunities. They bring together industries, advocating for their needs and the essential infrastructure that enables them, such as roads, housing, water, and education. The organization analyzes economic conditions and challenges, collaborating with the private sector, government, community leaders, and education to co-create strategic priorities. Their mission is to increase economic opportunity through innovative thinking, bold actions, and regional collaboration, aiming to create high-quality jobs throughout the Central Coast Super Region. The ultimate goal is to establish a more prosperous economy that benefits everyone. With a team of eight dedicated individuals, Hourglass Project Dba Reach is committed to driving economic development and improvement in the region.


Official website here: www.hourglassproject.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star rating.

The Hourglass Project Dba Reach has received a Two-Star rating, reflecting an overall score of 73%, which is derived solely from its Accountability & Finance metrics. While the organization has strengths in areas such as independent board governance and transparency, indicated by full scores in independent board member participation and material diversion of assets, there are notable areas for improvement, specifically in policies related to whistleblower protections and document retention.

The charity demonstrates a solid commitment to financial responsibility, with a program expense ratio of 72.77%, signifying that a significant portion of its expenditures supports its programs. However, the absence of certain governance policies, like a whistleblower policy and document retention guidelines, raises concerns about its operational transparency and readiness to address potential issues.

Overall, while Hourglass Project Dba Reach exhibits strong accountability practices and effective financial management, the lack of comprehensive governance policies may limit its appeal to potential donors seeking assurance in organizational integrity and risk management.


This AI summary has been generated from information found on Charity Navigator.

Is Hourglass Project legitimate?

Hourglass Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hourglass Project submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $170,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $457,200

For more financial information, click here


Official website here: www.hourglassproject.org

What is the mission statement of Hourglass Project?

Hourglass Project Dba Reach, a coalition of business and civic leaders, has a mission to enhance economic opportunities through innovative thinking, bold actions, and regional collaboration. Their goal is to foster a more prosperous economy that benefits everyone in the central coast super region, specifically by creating high-quality job opportunities. The organization brings industries together to tackle challenges and advocate for industry and job growth, while also addressing enabling factors such as infrastructure, housing, water, and education. By analyzing economic conditions, challenges, and opportunities, Hourglass Project Dba Reach collaborates with the private sector, supported by government, community leaders, and education, to co-create strategic priorities.


Official website here: www.hourglassproject.org

Who is the CEO of Hourglass Project?

Melissa James is the Chair of Hourglass Project. The CEO's salary of Hourglass Project is $136,715 and their total compensation is $151,876.


Official website here: www.hourglassproject.org

What is the revenue of Hourglass Project?

Hourglass Project's revenue in 2022 was $1,285,206.


Official website here: www.hourglassproject.org

Who are the executives of Hourglass Project and what are their salaries?

The average compensation at Hourglass Project during 2022 was $78,420. There are 8 employees and 250 volunteers at Hourglass Project.


Here are 20 key members and their salaries (Hourglass Project's CEO's salary is $136,715 and their total compensation is $151,876):


Clint Pearce (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristen Yetter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Anderson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dominck Barry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chelsea Bein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Bowman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Caldwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sidney Collin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Cortopassi (Director - Non Voting)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Davison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolie Ditmore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Dunn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacie Jacob (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ermina Karim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Linscheid (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Lohr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Morris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ty Safreno (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Woods (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa James (President & Ceo)
  • Compensation: $136,715
  • Related: $0
  • Other: $15,161


Official website here: www.hourglassproject.org

Where can I find the form 990 for Hourglass Project?

Hourglass Project's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hourglassproject.org

Learn more at the official website: www.hourglassproject.org

Mission Statement of Hourglass Project

Hourglass Project DBA Reach is a coalition of business and civic leaders who have united to form an economic development action tank for the Central Coast Super Region. Their mission is to increase economic opportunity through innovative thinking, bold actions, and regional collaboration. This organization aims to foster a more prosperous economy that benefits all, working towards the creation of high-quality jobs.

Hourglass Project DBA Reach brings various industries together to address challenges and advocate for industry and job growth. They also advocate for the necessary infrastructure such as roads, housing, water, and education that enable these industries. The organization analyzes and assesses economic conditions, challenges, and opportunities in the region. By collaborating with the private sector, supported by government, community leaders, and education, they co-create strategic priorities to drive growth and development.

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Impact




July, 2024

Hourglass Project Dba Reach's impact is centered around increasing economic opportunity through big thinking, bold action, and regional collaboration. They bring industry together to solve problems and advocate for industry and job growth, as well as the infrastructure and resources that support them such as roads, housing, water, and education. By analyzing and assessing economic conditions, challenges, and opportunities, they co-create strategic priorities with the private sector, government, community leaders, and education institutions. Their mission is to create high-quality jobs throughout the Central Coast super region, fostering a more prosperous economy that works better for all.




This information is meant to be a general summary of Hourglass Project. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,285,206 (2022)
Expenses
$1,138,078 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19
  • Gross Receipts: $1,285,206

Assets and Liabilities:

  • Total Assets: $983,412
  • Total Liabilities: $5,272
  • Net Assets: $978,140

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Organization Details

Founding Year

2018

Principal Officer

Melissa James

Main Address

893 MARSH STREET 13201, SAN LUIS OBISPO, CA, 93401

NTEE Category

Code: J99 - Employment

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