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Nonprofiteer
← PROJECT DISCOVERY INC

Form 990 for tax year 2024

Filed by PROJECT DISCOVERY INC.

Totals

Total revenue
$1,426,462
Total expenses
$1,929,108
Contributions and grants received
$1,380,163
Grants paid
$1,171,480
Program service revenue
$0
Investment income
$222
Other revenue
$46,077
Total assets, end of year
$118,859
Total liabilities, end of year
$525,188
Net assets or fund balances, end of year
-$406,329
Program services expenses (Part IX)
$1,812,984
Management and general expenses
$116,124
Fundraising expenses
$0
Program service expenses (Part III)
$1,812,984

Program services were 94.0% 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.

  • 1e · Government grants (contributions)

    $1,192,139

  • 1f · All other contributions, gifts and grants

    $188,024

  • 3 · Investment income

    total $222 · excluded $222

  • 11a · Other revenue: MISCELLANEOUS

    total $46,077 · excluded $46,077

  • 11e · Other revenue, total

    $46,077

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,171,480 · program services $1,171,480

  • 7 · Other salaries and wages

    total $234,542 · program services $204,052 · management and general $30,490

  • 8 · Pension plan contributions

    total $17,834 · program services $15,516 · management and general $2,318

  • 9 · Other employee benefits

    total $45,251 · program services $39,368 · management and general $5,883

  • 10 · Payroll taxes

    total $17,640 · program services $15,347 · management and general $2,293

  • 11c · Fees: accounting

    total $18,223 · program services $15,854 · management and general $2,369

  • 11g · Fees: other

    total $146,607 · program services $127,548 · management and general $19,059

  • 13 · Office expenses

    total $37,180 · program services $32,347 · management and general $4,833

  • 16 · Occupancy

    total $25,843 · program services $22,483 · management and general $3,360

  • 17 · Travel

    total $123,523 · program services $107,465 · management and general $16,058

  • 20 · Interest

    total $139 · management and general $139

  • 24a · Other expenses: UTILITIES

    total $25,836 · program services $22,477 · management and general $3,359

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $14,878 · management and general $14,878

  • 24c · Other expenses: OTHER PROJECT EXPENSE

    total $13,909 · program services $13,909

  • 24d · Other expenses: BOARD EXPENSES

    total $13,404 · program services $11,661 · management and general $1,743

  • 24e · All other expenses

    total $22,819 · program services $13,477 · management and general $9,342

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $58,093 · end of year $85,585

  • 3 · Pledges and grants receivable

    beginning of year $14,911

  • 4 · Accounts receivable

    end of year $33,274

  • 11 · Investments: publicly traded securities

    beginning of year $71,787

  • 17 · Accounts payable and accrued expenses

    beginning of year $221,819 · end of year $501,588

  • 24 · Unsecured notes and loans payable

    end of year $23,600

  • 27 · Net assets without donor restrictions

    beginning of year -$77,028 · end of year -$406,329

Mission and programs · 2024

Mission

TO INCREASE ACCESS TO AND PREPARE ELEMENTARY THROUGH HIGH SCHOOL STUDENTS FOR SUCCESS IN POST-SECONDARY EDUCATION.

  • PROVIDES EQUAL ACCESS TO MINORITY AND LOW INCOME STUDENTS TO HIGHER EDUCATION AND PROVIDE PARENTS WITH INFORMATION TO HELP PLAN CHILDREN'S FUTURES.

    Expenses $1,812,984 · Grants $1,171,480

As filed on the 2024 return.

Listed in Part VII

  • Chase Stewart

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Linda Linnartz

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Renee Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gloria Bynum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Taneia Dowell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Karen Ely-Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Heather Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • India Houston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Moon-Reynolds

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • James Worsley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lashanda Ellington

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.0
Source object
202601349349302310

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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