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Nonprofiteer
← CRESCENT PROJECT INC

Form 990 for tax year 2024

Filed by CRESCENT PROJECT INC.

Totals

Total revenue
$2,062,071
Total expenses
$1,705,019
Contributions and grants received
$2,020,323
Grants paid
$68,032
Program service revenue
$22,548
Investment income
$9,611
Other revenue
$9,589
Total assets, end of year
$1,609,719
Total liabilities, end of year
$44,396
Net assets or fund balances, end of year
$1,565,323
Program services expenses (Part IX)
$1,334,535
Management and general expenses
$244,107
Fundraising expenses
$126,377
Program service expenses (Part III)
$1,334,535

Program services were 78.3% 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

    $2,020,323

  • 2a · Program service revenue: CONFERENCE & TRAINING

    total $22,548 · related or exempt $22,548

  • 3 · Investment income

    total $9,611 · excluded $9,611

  • 10a · Gross sales of inventory

    $9,617

  • 10b · Cost of goods sold

    $9,036

  • 10c · Net income from sales of inventory

    total $581 · related or exempt $581

  • 11a · Other revenue: OTHER INCOME

    total $9,008 · related or exempt $9,008

  • 11e · Other revenue, total

    $9,008

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $68,032 · program services $68,032

  • 5 · Compensation of officers, directors and key employees

    total $256,537 · program services $206,438 · management and general $28,758 · fundraising $21,341

  • 7 · Other salaries and wages

    total $733,020 · program services $589,234 · management and general $86,842 · fundraising $56,944

  • 8 · Pension plan contributions

    total $5,104 · program services $4,112 · management and general $539 · fundraising $453

  • 9 · Other employee benefits

    total $94,338 · program services $75,998 · management and general $9,965 · fundraising $8,375

  • 10 · Payroll taxes

    total $50,063 · program services $40,216 · management and general $6,234 · fundraising $3,613

  • 11b · Fees: legal

    total $172 · management and general $172

  • 11c · Fees: accounting

    total $13,750 · management and general $13,750

  • 11g · Fees: other

    total $83,192 · program services $67,442 · management and general $12,210 · fundraising $3,540

  • 12 · Advertising and promotion

    total $15,680 · program services $13,694 · management and general $1,120 · fundraising $866

  • 13 · Office expenses

    total $65,803 · program services $33,210 · management and general $17,208 · fundraising $15,385

  • 14 · Information technology

    total $36,397 · program services $14,299 · management and general $21,786 · fundraising $312

  • 16 · Occupancy

    total $42,112 · program services $19,665 · management and general $17,101 · fundraising $5,346

  • 17 · Travel

    total $145,762 · program services $130,686 · management and general $8,425 · fundraising $6,651

  • 19 · Conferences, conventions and meetings

    total $17,521 · program services $16,999 · management and general $35 · fundraising $487

  • 23 · Insurance

    total $8,680 · management and general $8,680

  • 24a · Other expenses: OTHER PROGRAM SERVICE E

    total $23,425 · program services $18,796 · management and general $3,553 · fundraising $1,076

  • 24b · Other expenses: BANK CHARGES AND FEES

    total $22,053 · program services $17,695 · management and general $3,345 · fundraising $1,013

  • 24c · Other expenses: MISCELLANEOUS

    total $21,211 · program services $17,019 · management and general $3,217 · fundraising $975

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,167 · program services $1,000 · management and general $1,167

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $790,281 · end of year $623,613

  • 2 · Savings and temporary cash investments

    beginning of year $401,329 · end of year $944,029

  • 4 · Accounts receivable

    beginning of year $8,731 · end of year $6,213

  • 8 · Inventories for sale or use

    beginning of year $25,130 · end of year $20,788

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,005 · end of year $15,076

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,205 · end of year $44,396

  • 27 · Net assets without donor restrictions

    beginning of year $1,208,271 · end of year $1,565,323

Mission and programs · 2024

Mission

OUR MISSION IS TO INSPIRE, ENCOURAGE AND EQUIP THE LOCAL CHURCH TO SHARE THE LOVE OF JESUS WITH MUSLIMS IN WORD AND DEED.

  • CRESCENT PROJECT'S MISSION IS TO INSPIRE, ENCOURAGE, AND EQUIP THE LOCAL CHURCH TO SHARE THE LOVE OF JESUS WITH MUSLIMS IN WORD AND DEED. BUILDING ON MORE THAN 30 YEARS OF MINISTRY, THE ORGANIZATION CONTINUES TO CREATE PATHWAYS FOR BELIEVERS TO STEP INTO OUTREACH WITH CONFIDENCE. THROUGH ITS DIGITAL OUTREACH INITIATIVE, CRESCENT PROJECT OPENS NEW DOORS FOR MEANINGFUL CONVERSATIONS WITH MUSLIMS ONLINE, EXTENDING THE REACH OF LOCAL CHURCHES INTO PLACES OFTEN INACCESSIBLE BY TRADITIONAL MEANS. THE INTERNSHIP PROGRAM INVESTS IN THE NEXT GENERATION OF MINISTRY LEADERS, GIVING THEM PRACTICAL EXPERIENCE AND MENTORING FOR LONG-TERM IMPACT. CRESCENT PROJECT ALSO BUILDS BRIDGES OF UNDERSTANDING BY CONNECTING CHRISTIAN LEADERS WITH IMAMS ACROSS THE U.S., FOSTERING MUTUAL RESPECT AND OPPORTUNITIES FOR DIALOGUE. (CONTINUED ON SCH O)IN ADDITION, AREA COORDINATORS WORK ALONGSIDE CHURCHES NATIONWIDE, PROVIDING TRAINING, ENCOURAGEMENT, AND ONGOING SUPPORT FOR OUTREACH EFFORTS. TOGETHER, THESE MINISTRIES ADVANCE THE MISSION OF EQUIPPING ORDINARY BELIEVERS TO SHARE THE LOVE OF JESUS IN BOTH WORD AND DEED.

    Expenses $1,334,535 · Grants $68,032 · Revenue $32,137

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

Listed in Part VII

  • Fouad Masri

    CEO, DIRECTOR

    Total calculated
    $151,536
    From this org
    $78,733
    From related orgs
    $0
    Other
    $72,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $78,733
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $72,803
    Filer's total
    $151,536

  • Stephen Helm

    COO/EXECUTIVE DIRECTOR

    Total calculated
    $105,000
    From this org
    $50,500
    From related orgs
    $0
    Other
    $54,500
    Hours/week
    40

  • Mark Masso

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Pete Bitar

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Julie Priest

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Vergon

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jack Ditslear

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Garrison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jordanna Sadri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • MISSION INDIA

    $24,000

    2024 CLASS OF CHURCH PLANTERS

  • BENGAL CREATIVE MEDIA LLC

    $16,660

    M2M MUSLIM OUTREACH (DIGITAL CHURCH PLANTING)

  • LEVANT MINISTRIES INC

    $11,189

    DISASTER RELIEF ASSISTANCE

  • NEO LEADERS

    $7,792

    DISASTER RELIEF ASSISTANCE

  • UNCHARTED MINISTRIES

    $5,594

    DISASTER RELIEF ASSISTANCE

Provenance

Return type
form_990
Tax year
2024
Filed
8 October 2025
IRS schema version
2024v5.2
Source object
202522829349301417

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