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Nonprofiteer
← PROJECT 42

Form 990 for tax year 2022

Filed by PROJECT 42.

Totals

Total revenue
$1,968,423
Total expenses
$2,093,120
Contributions and grants received
$1,970,460
Grants paid
$1,100,600
Program service revenue
$0
Investment income
-$2,037
Other revenue
$0
Total assets, end of year
$7,976
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,976
Program services expenses (Part IX)
$2,011,130
Management and general expenses
$52,749
Fundraising expenses
$29,241
Program service expenses (Part III)
$2,011,130

Program services were 96.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,970,460

  • 1g · Noncash contributions included above

    $256,182

  • 3 · Investment income

    total $516 · excluded $516

  • 7a · Gross sales of assets other than inventory

    securities $253,629

  • 7b · Less cost or other basis and sales expenses

    securities $256,182

  • 7c · Gain or loss

    securities -$2,553

  • 7d · Net gain or loss

    total -$2,553 · excluded -$2,553

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,100,600 · program services $1,100,600

  • 11b · Fees: legal

    total $23,874 · management and general $23,874

  • 11c · Fees: accounting

    total $3,422 · management and general $3,422

  • 11g · Fees: other

    total $327,584 · program services $327,584

  • 12 · Advertising and promotion

    total $74,542 · program services $48,452 · management and general $22,363 · fundraising $3,727

  • 13 · Office expenses

    total $2,333 · program services $1,516 · management and general $700 · fundraising $117

  • 17 · Travel

    total $1,421 · fundraising $1,421

  • 23 · Insurance

    total $7,967 · program services $5,179 · management and general $2,390 · fundraising $398

  • 24a · Other expenses: PUBLIC RELATIONS

    total $527,799 · program services $527,799

  • 24b · Other expenses: CELEBRATION EVENT

    total $23,578 · fundraising $23,578

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $132,673 · end of year $7,976

  • 27 · Net assets without donor restrictions

    beginning of year $132,673 · end of year $7,976

Mission and programs · 2022

Mission

TO SUPPORT BUILDING INFRASTRUCTURE IN WASHINGTON STATE AROUND FREE MARKETS, PERSONAL LIBERTY, AND PUBLIC SAFETY.

  • CAPACITY GROUPS - OUR APPROACH IS TO BUILD A DURABLE CONSERVATIVE INFRASTRUCTURE THAT WILL CHANGE THE STATUS QUO OVER TIME. THE KEY COMPONENTS OF OUR APPROACH ARE: IDENTIFY CORE CAPACITIES THAT NEED TO BE BUILT OR FINANCED. IDENTIFY, VET AND INVEST IN THE MOST EFFECTIVE ORGANIZATIONS TO BUILD THESE CAPACITIES. RUN THOSE ORGANIZATIONS LIKE BUSINESSES CREATING GOALS AND METRICS TO MEASURE OUTCOMES. MOST IMPORTANTLY, THE WORK OF THIS DURABLE INFRASTRUCTURE WILL NEVER STOP. PROJECT 42 WILL CONTINUE TO BUILD FOR THE LONG-TERM. CAPACITY GROUPS FOR 2022 INCLUDE A FEMALE CANDIDATE RECRUITING AND TRAINING PLATFORM, A MEDIA OPERATIONS ORGANIZATION THAT FOCUSES ON ACCOUNTABILITY AND PUBLIC SAFETY ISSUES IN SEATTLE, AND A NEWS FOUNDATION ORGANIZATION THAT ENSURES STORIES IN THE NEWS TELL THE TAXPAYERS' POINT OF VIEW, A CONSTITUTIONAL LEGAL DEFENSE FUND, AND A MEDIA PLATFORM HIGHLIGHTING STATEWIDE POLICY ISSUES. NEW IN 2022 IS A CONSTITUTIONAL LEGAL DEFENSE ORGANIZATION, STATEWIDE POLICY ADVOCACY PLATFORM, AND A PARTNERSHIP WORKING TO HIGHLIGHT HOMELESS SOLUTIONS.

    Expenses $2,011,130 · Grants $1,100,600

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Steve Gordon

    CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Brian Heywood

    VICE CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
5 September 2023
IRS schema version
2022v5.0
Source object
202302499349301750

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