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Nonprofiteer
← PROJECT 68 EDUCATION FUND INC

Form 990 for tax year 2022

Filed by PROJECT 68 EDUCATION FUND INC.

Totals

Total revenue
$430,000
Total expenses
$394,868
Contributions and grants received
$430,000
Grants paid
$15,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$38,073
Total liabilities, end of year
$300
Net assets or fund balances, end of year
$37,773
Program services expenses (Part IX)
$128,959
Management and general expenses
$265,909
Fundraising expenses
$0
Program service expenses (Part III)
$128,959

Program services were 32.7% 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

    $430,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 5 · Compensation of officers, directors and key employees

    total $171,020 · program services $51,306 · management and general $119,714

  • 11b · Fees: legal

    total $4,275 · program services $1,282 · management and general $2,993

  • 11c · Fees: accounting

    total $958 · program services $287 · management and general $671

  • 11g · Fees: other

    total $200,497 · program services $60,149 · management and general $140,348

  • 13 · Office expenses

    total $1,731 · program services $519 · management and general $1,212

  • 17 · Travel

    total $1,304 · program services $391 · management and general $913

  • 24a · Other expenses: SUPPLIES

    total $56 · program services $17 · management and general $39

  • 24b · Other expenses: MEALS

    total $27 · program services $8 · management and general $19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,641 · end of year $608

  • 15 · Other assets

    beginning of year $0 · end of year $37,465

  • 25 · Other liabilities

    beginning of year $0 · end of year $300

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,641 · end of year $37,773

Mission and programs · 2022

Mission

PROJECT 68 CONNECTS STATE-BASED ORGANIZATIONS WITH ATHLETE AND ARTIST-LED INITIATIVES TO ENHANCE MOBILIZATION AND CIVIC PARTICIPATION IN BLACK AND UNDERSERVED COMMUNITIES.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $128,959 · Grants $15,000

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Darryl Banks

    PRESIDENT/EXECUTIVE DIRECTOR

    Total calculated
    $101,500
    From this org
    $82,200
    From related orgs
    $19,300
    Other
    $0
    Hours/week
    20 + 20 related

  • Jimmy Tan

    SECRETARY

    Total calculated
    $63,300
    From this org
    $38,820
    From related orgs
    $24,480
    Other
    $0
    Hours/week
    20 + 20 related

  • Kyla Perry

    TREASURER

    Total calculated
    $45,000
    From this org
    $35,000
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    20 + 20 related

  • Mia Wright

    BOARD MEMBER

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Seema Sadanadan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Shaw

    BOARD MEMBER

    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.

Grants 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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 August 2023
IRS schema version
2022v5.0
Source object
202302209349301100

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

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