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← PROJECT42

Form 990 for tax year 2023

Filed by PROJECT42.

Totals

Total revenue
$3,303,322
Total expenses
$2,934,734
Contributions and grants received
$3,287,713
Grants paid
$2,280,954
Program service revenue
$0
Investment income
$15,609
Other revenue
$0
Total assets, end of year
$1,138,620
Total liabilities, end of year
$1,200
Net assets or fund balances, end of year
$1,137,420
Program services expenses (Part IX)
$2,566,050
Management and general expenses
$163,776
Fundraising expenses
$204,908
Program service expenses (Part III)
$2,566,050

Program services were 87.4% 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

    $3,287,713

  • 1g · Noncash contributions included above

    $14,683

  • 3 · Investment income

    total $15,609 · excluded $15,609

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,275,953 · program services $2,275,953

  • 3 · Grants to foreign organizations and individuals

    total $5,001 · program services $5,001

  • 5 · Compensation of officers, directors and key employees

    total $132,268 · program services $46,134 · management and general $40,000 · fundraising $46,134

  • 7 · Other salaries and wages

    total $168,612 · program services $76,421 · management and general $67,816 · fundraising $24,375

  • 10 · Payroll taxes

    total $22,572 · management and general $22,572

  • 11g · Fees: other

    total $11,796 · program services $215 · management and general $11,170 · fundraising $411

  • 13 · Office expenses

    total $2,570 · management and general $2,570

  • 14 · Information technology

    total $4,689 · management and general $4,689

  • 17 · Travel

    total $371 · program services $371

  • 23 · Insurance

    total $1,355 · management and general $1,355

  • 24a · Other expenses: AWARENESS

    total $147,093 · program services $147,093

  • 24b · Other expenses: EVENTS

    total $133,988 · fundraising $133,988

  • 24c · Other expenses: IN-KIND EXPENSES

    total $14,683 · program services $14,683

  • 24d · Other expenses: BANK & CREDIT CARD PROC

    total $13,488 · management and general $13,488

  • 24e · All other expenses

    total $295 · program services $179 · management and general $116

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $621,277 · end of year $624,472

  • 2 · Savings and temporary cash investments

    beginning of year $236,802 · end of year $514,148

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,247 · end of year $1,200

  • 27 · Net assets without donor restrictions

    beginning of year $768,832 · end of year $1,137,420

Mission and programs · 2023

Mission

PROJECT42 EXISTS TO HELP RAISE AWARENESS AND RESOURCES FOR THE 42% OF THE WORLD THAT HAS LITTLE OR NO ACCESS TO THE GOSPEL OF JESUS CHRIST.

Activities or mission (Part I)

TO RAISE AWARENESS AND RESOURCES FOR THE 42% OF THE WORLD THAT HAS NO ACCESS TO THE GOSPEL OF CHRIST.

  • PROJECT42 CAREFULLY EVALUATES AND INVESTS IN STRATEGIC MISSIONARY PARTNERS WHO MOBILIZE MORE MISSIONARIES TO THE UNREACHED, TRANSLATE SCRIPTURES INTO LANGUAGES THAT HAVE NEVER HAD SCRIPTURES IN THEIR OWN LANGUAGE, PLANT CHURCHES WHERE THERE ARE NONE, PROVIDE MUCH NEEDED BUSINESS CAPITAL TO START BUSINESSES AMONG THE UNREACHED, CARES FOR THE THOSE IN NEED AND RAISE AWARENESS ABOUT THE CHALLENGES AND REALITIES OF THE UNREACHED. PLEASE NOTE THAT ALL FUNDRAISING EVENT EXPENSES ARE UNDERWRITTEN AND COVERED BY A GROUP OF GENEROUS SPONSORS WHO SHARE OUR VISION AND MISSION TO PROVIDE ACCESS FOR THE UNREACHED.

    Expenses $2,566,050 · Grants $2,280,954

As filed on the 2023 return.

Listed in Part VII

  • Justin Mack

    CHAIRMAN

    Total calculated
    $132,268
    From this org
    $132,268
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Mark Dean

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elwin Mack

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Bowman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Engl

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202403179349304990

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

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