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Nonprofiteer
← PROJECT 42

Form 990 for tax year 2023

Filed by PROJECT 42.

Totals

Total revenue
$3,265,631
Total expenses
$3,215,843
Contributions and grants received
$3,264,046
Grants paid
$1,700,859
Program service revenue
$0
Investment income
$1,585
Other revenue
$0
Total assets, end of year
$57,764
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$57,764
Program services expenses (Part IX)
$3,146,881
Management and general expenses
$68,962
Fundraising expenses
$0
Program service expenses (Part III)
$3,146,881

Program services were 97.9% 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

    $3,264,046

  • 1g · Noncash contributions included above

    $237,945

  • 3 · Investment income

    total $2,191 · excluded $2,191

  • 7a · Gross sales of assets other than inventory

    securities $237,339

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

    securities $237,945

  • 7c · Gain or loss

    securities -$606

  • 7d · Net gain or loss

    total -$606 · excluded -$606

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,700,859 · program services $1,700,859

  • 11b · Fees: legal

    total $27,869 · management and general $27,869

  • 11c · Fees: accounting

    total $7,603 · management and general $7,603

  • 11g · Fees: other

    total $1,139,032 · program services $1,139,032

  • 13 · Office expenses

    total $25,064 · management and general $25,064

  • 23 · Insurance

    total $8,426 · management and general $8,426

  • 24a · Other expenses: ADVOCACY COMMUNICATIONS

    total $164,917 · program services $164,917

  • 24b · Other expenses: POLLING & SURVEYS

    total $70,500 · program services $70,500

  • 24c · Other expenses: ISSUE ADVOCACY EVENTS

    total $51,573 · program services $51,573

  • 24d · Other expenses: POLLING DATA SUBSCRIPTI

    total $20,000 · program services $20,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,976 · end of year $57,764

  • 27 · Net assets without donor restrictions

    beginning of year $7,976 · end of year $57,764

Mission and programs · 2023

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 2023 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. IN 2023 WE ALSO PARTICIPATED IN THE RE-LAUNCH OF A LEGAL DEFENSE FUND, TO HOLD GOVERNMENT ACCOUNTABLE AND DEFEND THE RIGHTS OF WA CITIZENS

    Expenses $3,146,881 · Grants $1,700,859

As filed on the 2023 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
2023
Filed
27 April 2024
IRS schema version
2023v5.0
Source object
202431219349302473

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

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