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Nonprofiteer
← PROJECT EQUITY

Form 990 for tax year 2022

Filed by PROJECT EQUITY.

Totals

Total revenue
$1,764,799
Total expenses
$71,001
Contributions and grants received
$1,703,150
Grants paid
$0
Program service revenue
$0
Investment income
$59,994
Other revenue
$1,655
Total assets, end of year
$4,810,090
Total liabilities, end of year
$2,114,480
Net assets or fund balances, end of year
$2,695,610
Program services expenses (Part IX)
$54,939
Management and general expenses
$16,062
Fundraising expenses
$0
Program service expenses (Part III)
$54,939

Program services were 77.4% 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

    $1,703,150

  • 3 · Investment income

    total $59,994 · related or exempt $59,994

  • 11a · Other revenue: MISCELLANEOUS

    total $1,655 · related or exempt $1,655

  • 11e · Other revenue, total

    $1,655

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,300 · program services $6,300

  • 20 · Interest

    total $17,465 · program services $17,465

  • 24a · Other expenses: TAXES LICENSES & FEES

    total $16,452 · program services $390 · management and general $16,062

  • 24b · Other expenses: SERVICE FEES

    total $30,784 · program services $30,784

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,507,461 · end of year $2,860,432

  • 4 · Accounts receivable

    beginning of year $920 · end of year $5,903

  • 7 · Other notes and loans receivable

    beginning of year $200,656 · end of year $1,943,755

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,599 · end of year $641,171

  • 19 · Deferred revenue

    beginning of year $2,893 · end of year $31,571

  • 24 · Unsecured notes and loans payable

    beginning of year $525,000 · end of year $1,441,738

  • 27 · Net assets without donor restrictions

    beginning of year $1,173,545 · end of year $2,695,610

Mission and programs · 2022

Mission

PROJECT EQUITY IS A NATIONAL LEADER IN THE MOVEMENT TO HARNESS EMPLOYEE OWNERSHIP TO MAINTAIN THRIVING LOCAL BUSINESS COMMUNITIES, HONOR SELLING OWNERS LEGACIES, AND ADDRESS INCOME AND WEALTH INEQUALITY.

  • PROJECT EQUITY WORKS WITH PARTNERS AROUND THE COUNTRY TO RAISE AWARENESS ABOUT EMPLOYEE OWNERSHIP AS AN EXIT STARTEGY FOR BUSINESS OWNERS, AND AS AN IMPORTANT APPROACH FOR INCREASING EMPLOYEE ENAGAGEMENT AND WELL BEING. WE ALSO PROVIDE HANDS ON CONSULTING, SUPPORT AND FINANCING TO COMPANIES THAT WANT TO TRANSITION TO EMPLOYEE OWNERSHIP, AS WELL AS, TO THE NEW EMPLOYEE-OWNERS TO ENSURE THEY AND THEIR BUSINESS THRIVE AFTER TRANSITION.

    Expenses $54,939

As filed on the 2022 return.

Listed in Part VII

  • Eric Weaver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Evan Edwards

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Alison Lingane

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Hilary Abell

    SECRETARY

    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

No itemized grants to organizations on this return.

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.

  • PE FUND II LLC

    EQUITY FUNDING · CA · income -$13,970 · assets $3,102,260

    Directly controlled by PROJECT EQUITY

Provenance

Return type
form_990
Tax year
2022
Filed
27 July 2024
IRS schema version
2022v5.0
Source object
202432159349300228

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