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Nonprofiteer
← PROJECT DISCOVERY INC

Form 990 for tax year 2022

Filed by PROJECT DISCOVERY INC.

Totals

Total revenue
$1,203,040
Total expenses
$1,458,042
Contributions and grants received
$1,205,483
Grants paid
$689,860
Program service revenue
$0
Investment income
-$2,443
Other revenue
$0
Total assets, end of year
$240,574
Total liabilities, end of year
$249,370
Net assets or fund balances, end of year
-$8,796
Program services expenses (Part IX)
$1,338,865
Management and general expenses
$119,177
Fundraising expenses
$0
Program service expenses (Part III)
$1,338,865

Program services were 91.8% 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)

    $1,199,857

  • 1f · All other contributions, gifts and grants

    $5,626

  • 3 · Investment income

    total $3,409 · excluded $3,409

  • 7a · Gross sales of assets other than inventory

    securities $58,810

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

    securities $64,662

  • 7c · Gain or loss

    securities -$5,852

  • 7d · Net gain or loss

    total -$5,852 · excluded -$5,852

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $689,860 · program services $689,860

  • 5 · Compensation of officers, directors and key employees

    total $78,912 · program services $68,653 · management and general $10,259

  • 7 · Other salaries and wages

    total $194,339 · program services $169,075 · management and general $25,264

  • 8 · Pension plan contributions

    total $14,382 · program services $12,512 · management and general $1,870

  • 9 · Other employee benefits

    total $39,933 · program services $34,742 · management and general $5,191

  • 10 · Payroll taxes

    total $18,364 · program services $15,977 · management and general $2,387

  • 11c · Fees: accounting

    total $13,805 · program services $12,010 · management and general $1,795

  • 11f · Fees: investment management

    total $25 · management and general $25

  • 11g · Fees: other

    total $36,530 · program services $31,781 · management and general $4,749

  • 13 · Office expenses

    total $23,689 · program services $20,609 · management and general $3,080

  • 14 · Information technology

    total $11,246 · program services $9,784 · management and general $1,462

  • 16 · Occupancy

    total $45,548 · program services $39,627 · management and general $5,921

  • 17 · Travel

    total $139,739 · program services $121,573 · management and general $18,166

  • 24a · Other expenses: UTILITIES

    total $35,224 · program services $30,645 · management and general $4,579

  • 24b · Other expenses: PROJECTS AND WORKSHOPS

    total $30,462 · program services $30,462

  • 24c · Other expenses: BOARD EXPENSES

    total $27,246 · program services $23,704 · management and general $3,542

  • 24d · Other expenses: SCHOLARSHIP EXPENSE

    total $15,556 · program services $13,534 · management and general $2,022

  • 24e · All other expenses

    total $43,182 · program services $14,317 · management and general $28,865

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $54,904 · end of year $72,178

  • 3 · Pledges and grants receivable

    beginning of year $102,557 · end of year $13,754

  • 11 · Investments: publicly traded securities

    beginning of year $208,046 · end of year $154,642

  • 17 · Accounts payable and accrued expenses

    beginning of year $144,444 · end of year $249,370

  • 27 · Net assets without donor restrictions

    beginning of year $221,063 · end of year -$8,796

Mission and programs · 2022

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 $1,338,865 · Grants $689,860

As filed on the 2022 return.

Listed in Part VII

  • Chase Stewart

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Linda Linnartz

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Bart Edmunds

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Cathie Skaggs

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Renee Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Beatrice Dalton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Taneia Dowell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • David Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Stephanie Moon-Reynolds

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Karen Ely-Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Elizabeth Shultz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • James Worsley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Lashanda Ellington

    EXECUTIVE DI

    Total calculated
    $76,250
    From this org
    $69,750
    From related orgs
    $0
    Other
    $6,500
    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
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401369349306700

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

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