GOLD2024

PROJECT SWEET PEAS

Inspiring families with the hope of tomorrow.

Warwick, RI   |  www.projectsweetpeas.com
GuideStar Charity Check

PROJECT SWEET PEAS

EIN: 27-3679594


Mission

Project Sweet Peas' mission is to empower and support families of fragile infants, and to inspire hope through remembrance for those affected by pregnancy and infant loss.

Ruling year info

2011

President

Sarah King Bhetaria

Main address

45 Boylston St

Warwick, RI 02889 USA

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EIN

27-3679594

Subject area info

Medical support services

Human services

Population served info

Infants and toddlers

Parents

NTEE code info

Health Support Services (E60)

Human Service Organizations (P20)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

NICU Care Package Request Program

Care packages are provided nationally, upon request, to families experiencing a stay in the neonatal intensive care unit (NICU).

Population(s) Served
Parents
Infants and toddlers

Financial assistance awarded on a monthly basis to families across the United States to help offset costs associated with a stay in the neonatal intensive care unit.

Population(s) Served
Parents

Parents who have experienced pregnancy or infant loss may request memory boxes to honor their baby. We have several programs available under this umbrella.

Population(s) Served
Parents

Where we work

Financials

PROJECT SWEET PEAS
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 2022 Audited Financial Statement 2021 2021 Audited Financial Statement 2019 Project Sweet Peas 2019
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

62.43

Average of 13.46 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

8.7

Average of 6.7 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

9%

Average of 2% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

PROJECT SWEET PEAS

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

PROJECT SWEET PEAS

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

PROJECT SWEET PEAS

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of PROJECT SWEET PEAS’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $55,862 $53,165 $110,586 $62,638 -$23,196
As % of expenses 39.2% 23.8% 60.4% 18.3% -6.4%
Unrestricted surplus (deficit) after depreciation $55,862 $53,165 $110,586 $62,638 -$23,196
As % of expenses 39.2% 23.8% 60.4% 18.3% -6.4%
Revenue composition info
Total revenue (unrestricted & restricted) $198,530 $285,128 $286,980 $416,363 $332,147
Total revenue, % change over prior year 1.1% 43.6% 0.6% 45.1% -20.2%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.1% 0.2% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 100.0% 99.9% 97.4% 98.8% 95.4%
Other revenue 0.0% 0.0% 2.4% 1.2% 4.6%
Expense composition info
Total expenses before depreciation $142,668 $223,163 $183,004 $342,915 $363,906
Total expenses, % change over prior year -13.8% 56.4% -18.0% 87.4% 6.1%
Personnel 0.0% 0.0% 0.0% 5.7% 12.7%
Professional fees 3.3% 2.2% 7.4% 6.0% 5.7%
Occupancy 4.6% 3.2% 2.5% 3.2% 2.9%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 92.1% 94.6% 90.1% 85.1% 78.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $142,668 $223,163 $183,004 $342,915 $363,906
One month of savings $11,889 $18,597 $15,250 $28,576 $30,326
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $154,557 $241,760 $198,254 $371,491 $394,232

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 11.7 10.8 18.3 11.8 8.7
Months of cash and investments 11.7 10.8 18.3 11.8 8.7
Months of estimated liquid unrestricted net assets 17.4 14.0 24.3 15.2 13.5
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $138,919 $200,834 $278,865 $338,551 $263,673
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $3,290 $9,410
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 1.8% 0.0% 2.4% 1.0%
Unrestricted net assets $207,316 $260,481 $371,067 $433,705 $410,509
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $8,800 $2,190 $13,000 $4,437
Total net assets $207,316 $269,281 $373,257 $446,705 $414,946

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

President

Sarah King Bhetaria

Sarah is the mother of 2 children. After a difficult birth, Sarah's son Avi was admitted to the neonatal intensive care unit (NICU), and later passed away. Her second child, Lila, was born 18 months later, and is now a happy, healthy six-year-old. From her experience, Sarah is passionate about empowering parents faced with life’s most fragile and difficult of moments. Sarah received a Bachelor of Science in Neurobiology and Physiology from Purdue University, and a Master of Arts in Philanthropic Studies from the Indiana University Lilly Family School of Philanthropy. She is employed as the Assistant Director of Annual Giving for Purdue University in Lafayette, IN.

Number of employees

Source: IRS Form 990

PROJECT SWEET PEAS

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

PROJECT SWEET PEAS

Board of directors
as of 01/22/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Sarah King Bhetaria

Diane Hrenko

Gina Anetakis

Sarah King Bhetaria

Al Hannon

Kelcey Farr

Organizational demographics

SOURCE: Self-reported; last updated 1/22/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data