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← PROJECT EQUITY

Form 990 for tax year 2024

Filed by PROJECT EQUITY.

What the amendment changed

Compared with the return it replaced , filed 10 February 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$8,031,736 changed to $8,254,336
Contributions and grants received
$7,644,951 changed to $7,867,551
Total assets, end of year
$14,815,921 changed to $15,756,924
Net assets or fund balances, end of year
$8,676,577 changed to $9,617,580

Totals

Total revenue
$8,254,336
Total expenses
$1,901,872
Contributions and grants received
$7,867,551
Grants paid
$0
Program service revenue
$164,390
Investment income
$198,712
Other revenue
$23,683
Total assets, end of year
$15,756,924
Total liabilities, end of year
$6,139,344
Net assets or fund balances, end of year
$9,617,580
Program services expenses (Part IX)
$1,535,583
Management and general expenses
$158,205
Fundraising expenses
$208,084
Program service expenses (Part III)
$1,535,583

Program services were 80.7% 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.

  • 1e · Government grants (contributions)

    $2,562

  • 1f · All other contributions, gifts and grants

    $7,864,989

  • 2a · Program service revenue: PROGRAM SERVICES

    total $164,390 · related or exempt $164,390

  • 3 · Investment income

    total $198,712 · related or exempt $198,712

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: NOTE ORIGINATION FEES

    total $8,613 · related or exempt $8,613

  • 11b · Other revenue: OTHER REVENUE

    total $15,070 · related or exempt $15,070

  • 11e · Other revenue, total

    $23,683

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $106,749 · program services $106,749

  • 7 · Other salaries and wages

    total $682,680 · program services $505,439 · management and general $64,772 · fundraising $112,469

  • 9 · Other employee benefits

    total $137,932 · program services $106,964 · management and general $11,317 · fundraising $19,651

  • 10 · Payroll taxes

    total $78,340 · program services $60,751 · management and general $6,428 · fundraising $11,161

  • 11g · Fees: other

    total $181,691 · program services $140,935 · management and general $14,894 · fundraising $25,862

  • 12 · Advertising and promotion

    total $101,488 · program services $78,702 · management and general $8,327 · fundraising $14,459

  • 14 · Information technology

    total $27,812 · program services $21,568 · management and general $2,282 · fundraising $3,962

  • 16 · Occupancy

    total $8,617 · program services $6,682 · management and general $707 · fundraising $1,228

  • 17 · Travel

    total $15,230 · program services $11,810 · management and general $1,250 · fundraising $2,170

  • 23 · Insurance

    total $23,855 · program services $18,499 · management and general $1,957 · fundraising $3,399

  • 24a · Other expenses: RECRUTING

    total $10,917 · program services $8,466 · management and general $896 · fundraising $1,555

  • 24b · Other expenses: FINANCE CHARGES

    total $120,574 · program services $106,331 · management and general $5,205 · fundraising $9,038

  • 24c · Other expenses: MGT FEES & OTHER

    total $106,101 · program services $62,801 · management and general $40,170 · fundraising $3,130

  • 24d · Other expenses: CREDIT LOSSES

    total $299,886 · program services $299,886

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,952,718 · end of year $10,419,881

  • 3 · Pledges and grants receivable

    end of year $3,760,170

  • 4 · Accounts receivable

    beginning of year $8,176 · end of year $22,535

  • 7 · Other notes and loans receivable

    beginning of year $1,940,662 · end of year $1,458,430

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,498

  • 10a · Land, buildings and equipment: cost or other basis

    $14,698

  • 10c · Land, buildings and equipment, net

    end of year $14,698

  • 15 · Other assets

    end of year $81,210

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,825 · end of year $327,589

  • 19 · Deferred revenue

    beginning of year $24,570 · end of year $350,000

  • 24 · Unsecured notes and loans payable

    beginning of year $2,243,946 · end of year $5,446,892

  • 25 · Other liabilities

    end of year $14,863

  • 27 · Net assets without donor restrictions

    beginning of year $2,546,713 · end of year $5,501,359

  • 28 · Net assets with donor restrictions

    end of year $4,116,221

Mission and programs · 2024

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 $1,535,583 · Revenue $7,613,666

As filed on the 2024 return.

Listed in Part VII

  • EVAN EDWARDS

    PRESIDENT CEO

    Total calculated
    $73,237
    From this org
    $71,493
    From related orgs
    $0
    Other
    $1,744
    Hours/week
    40

  • JASON EBY

    SECRETARY COS

    Total calculated
    $33,512
    From this org
    $32,764
    From related orgs
    $0
    Other
    $748
    Hours/week
    40

  • ERIC WEAVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES ALVA

    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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PE FUND II LLC

    Investment · EQUITY FUNDING · CA · 100% owned · share of income -$245,691 · share of assets $533,361

    Directly controlled by PROJECT EQUITY

Provenance

Return type
form_990
Tax year
2024
Filed
24 March 2026
IRS schema version
2024v5.2
Source object
202640839349301464

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