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Nonprofiteer
← PROJECT 68 EDUCATION FUND INC

Form 990 for tax year 2023

Filed by PROJECT 68 EDUCATION FUND INC.

Totals

Total revenue
$507,400
Total expenses
$314,522
Contributions and grants received
$507,400
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$230,951
Total liabilities, end of year
$300
Net assets or fund balances, end of year
$230,651
Program services expenses (Part IX)
$94,357
Management and general expenses
$220,165
Fundraising expenses
$0
Program service expenses (Part III)
$94,357

Program services were 30.0% 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

    $507,400

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $36,750 · program services $11,025 · management and general $25,725

  • 11b · Fees: legal

    total $1,503 · program services $451 · management and general $1,052

  • 11c · Fees: accounting

    total $5,986 · program services $1,796 · management and general $4,190

  • 11g · Fees: other

    total $265,050 · program services $79,515 · management and general $185,535

  • 13 · Office expenses

    total $990 · program services $297 · management and general $693

  • 17 · Travel

    total $4,094 · program services $1,228 · management and general $2,866

  • 24a · Other expenses: MEALS

    total $90 · program services $27 · management and general $63

  • 24b · Other expenses: MISCELLANEOUS

    total $59 · program services $18 · management and general $41

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $608 · end of year $168,466

  • 15 · Other assets

    beginning of year $37,465 · end of year $62,485

  • 25 · Other liabilities

    beginning of year $300 · 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 $37,773 · end of year $230,651

Mission and programs · 2023

Mission

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

  • THE PROGRAM EXPENSES RANGE FROM COVERING THE COST OF PRODUCING AND AMPLIFYING VOTER EDUCATIONAL CONTENT THAT FEATURED ATHLETES AND ARTISTS TO COVERING THE OPERATING AND LEGAL COSTS OF THE ORGANIZATION.

    Expenses $94,357

As filed on the 2023 return.

Listed in Part VII

  • Darryl Banks

    PRESIDENT AND TREASURER

    Total calculated
    $0
    Hours/week
    20 + 20 related

  • Jimmy Tan

    SECRETARY

    Total calculated
    $3,400
    From this org
    $3,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 20 related

  • Melissa Lopez

    PROGRAM DIRECTOR

    Total calculated
    $33,350
    From this org
    $33,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

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.

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
2023
Filed
11 June 2024
IRS schema version
2023v5.0
Source object
202441739349300704

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