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← FORMATION PROJECT

Form 990 for tax year 2024

Filed by FORMATION PROJECT.

Totals

Total revenue
$1,042,895
Total expenses
$656,147
Contributions and grants received
$1,053,519
Grants paid
$100
Program service revenue
$0
Investment income
$11,193
Other revenue
-$21,817
Total assets, end of year
$881,538
Total liabilities, end of year
$277,103
Net assets or fund balances, end of year
$604,435
Program services expenses (Part IX)
$545,741
Management and general expenses
$72,027
Fundraising expenses
$38,379
Program service expenses (Part III)
$545,741

Program services were 83.2% 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.

  • 1c · Fundraising events

    $239,629

  • 1e · Government grants (contributions)

    $230,141

  • 1f · All other contributions, gifts and grants

    $583,749

  • 1g · Noncash contributions included above

    $26,960

  • 3 · Investment income

    total $11,193 · excluded $11,193

  • 8a · Fundraising events: gross income

    $1,160

  • 8a · Fundraising events: contributions included on line 1c

    $239,629

  • 8b · Fundraising events: direct expenses

    $22,977

  • 8c · Net income from fundraising events

    total -$21,817

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100 · program services $100

  • 5 · Compensation of officers, directors and key employees

    total $20,000 · program services $15,488 · management and general $2,984 · fundraising $1,528

  • 7 · Other salaries and wages

    total $254,978 · program services $197,453 · management and general $38,037 · fundraising $19,488

  • 9 · Other employee benefits

    total $21,107 · program services $15,245 · management and general $4,587 · fundraising $1,275

  • 10 · Payroll taxes

    total $21,108 · program services $16,833 · management and general $2,620 · fundraising $1,655

  • 11b · Fees: legal

    total $1,997 · program services $616 · management and general $1,381

  • 11c · Fees: accounting

    total $4,328 · management and general $4,328

  • 11g · Fees: other

    total $12,042 · program services $11,203 · management and general $466 · fundraising $373

  • 12 · Advertising and promotion

    total $2,067 · program services $428 · management and general $1,296 · fundraising $343

  • 13 · Office expenses

    total $5,814 · program services $2,890 · management and general $2,662 · fundraising $262

  • 14 · Information technology

    total $13,956 · program services $5,660 · management and general $3,227 · fundraising $5,069

  • 16 · Occupancy

    total $13,001 · program services $11,222 · management and general $1,168 · fundraising $611

  • 17 · Travel

    total $13,428 · program services $12,412 · management and general $628 · fundraising $388

  • 19 · Conferences, conventions and meetings

    total $763 · program services $763

  • 22 · Depreciation, depletion and amortization

    total $1,967 · program services $467 · management and general $1,500

  • 23 · Insurance

    total $15,585 · program services $14,213 · management and general $584 · fundraising $788

  • 24a · Other expenses: HOUSING INITIATIVE

    total $148,216 · program services $141,976 · management and general $3,430 · fundraising $2,810

  • 24b · Other expenses: CLIENT SERVICES

    total $78,087 · program services $78,087

  • 24c · Other expenses: IN-KIND EXPENSES

    total $16,087 · program services $16,087

  • 24d · Other expenses: SMALL EQUIPMENT

    total $7,075 · program services $4,230 · management and general $2,624 · fundraising $221

  • 24e · All other expenses

    total $4,441 · program services $368 · management and general $505 · fundraising $3,568

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,426 · end of year $55,835

  • 2 · Savings and temporary cash investments

    beginning of year $62,315 · end of year $220,491

  • 4 · Accounts receivable

    beginning of year $83,870 · end of year $164,926

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,751 · end of year $12,308

  • 10a · Land, buildings and equipment: cost or other basis

    $395,714

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,842

  • 10c · Land, buildings and equipment, net

    beginning of year $21,625 · end of year $377,872

  • 15 · Other assets

    end of year $50,106

  • 17 · Accounts payable and accrued expenses

    beginning of year $300 · end of year $3,353

  • 23 · Secured mortgages and notes payable

    end of year $273,750

  • 27 · Net assets without donor restrictions

    beginning of year $217,687 · end of year $604,435

Mission and programs · 2024

Mission

THE FORMATION PROJECT'S MISSION IS TO PROVIDE ACCESS TO SAFETY, STABILITY, AND CONNECTION. WE STRIVE TO BUILD A RESILIENT COMMUNITY FREE FROM EXPLOITATION BY PROVIDING SOCIAL SERVICES TO SURVIVORS OF HUMAN TRAFFICKING.

  • THE ORGANIZATION SERVED 68 SURVIVORS, FACILITATED 500+ NIGHTS OF EMERGENCY SHELTER, STARTED THE OPENING OF 2 SHELTER LOCATIONS, AND ESTABLISHED STANDARD OPERATING PROCEDURES FOR CASE MANAGEMENT.

    Expenses $545,741 · Grants $100

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brooke Burris

    CEO

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Beville

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Tracy Blanchard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joyce Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Carl Hansson

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Lauren Knapp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Lane McCluer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Darby Parker

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Shannon Runquist

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Laura Stone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paula Yorke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PEGGY 7644 LLC

    R/E HOLD · SC · assets $357,747

    Directly controlled by FORM PROJ

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202503219349309070

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