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Nonprofiteer
← CRESCENT PROJECT INC

Form 990 for tax year 2023

Filed by CRESCENT PROJECT INC.

Totals

Total revenue
$1,765,765
Total expenses
$1,803,989
Contributions and grants received
$1,697,757
Grants paid
$107,967
Program service revenue
$53,742
Investment income
$8,353
Other revenue
$5,913
Total assets, end of year
$1,244,476
Total liabilities, end of year
$36,205
Net assets or fund balances, end of year
$1,208,271
Program services expenses (Part IX)
$1,426,354
Management and general expenses
$247,830
Fundraising expenses
$129,805
Program service expenses (Part III)
$1,426,354

Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FOUAD MASRI

    CEO, CHAIRMAN

    Total calculated
    $181,216
    From this org
    $110,093
    From related orgs
    $0
    Other
    $71,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $80,093
    Bonus
    $30,000
    Other
    $0
    Deferred
    $1,123
    Nontaxable benefits
    $70,000
    Filer's total
    $181,216

  • STEPHEN HELM

    COO/EXECUTIVE DIRECTOR

    Total calculated
    $125,000
    From this org
    $70,500
    From related orgs
    $0
    Other
    $54,500
    Hours/week
    40

  • PETE BITAR

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MIKE VERGON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JULIE PRIEST

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JACK DITSLEAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVE GARRISON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK MASSO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JORDANNA SADRI

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
20 August 2024
IRS schema version
2023v5.1
Source object
202412439349300711

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