Skip to content
Nonprofiteer
← PROJECT DESTINED INC

Form 990 for tax year 2023

Filed by PROJECT DESTINED INC.

Totals

Total revenue
$2,644,189
Total expenses
$2,587,611
Contributions and grants received
$2,644,189
Grants paid
$2,403,916
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$291,803
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$291,803
Program services expenses (Part IX)
$2,558,593
Management and general expenses
$25,398
Fundraising expenses
$3,620
Program service expenses (Part III)
$2,558,593

Program services were 98.9% 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

    $2,644,189

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,403,916 · program services $2,403,916

  • 11c · Fees: accounting

    total $8,485 · management and general $8,485

  • 11g · Fees: other

    total $1,240 · program services $1,240

  • 12 · Advertising and promotion

    total $3,620 · fundraising $3,620

  • 14 · Information technology

    total $59,415 · program services $59,415

  • 17 · Travel

    total $109,922 · program services $93,434 · management and general $16,488

  • 24a · Other expenses: MEALS

    total $850 · program services $425 · management and general $425

  • 24b · Other expenses: OTHER

    total $163 · program services $163

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $235,225 · end of year $291,803

  • 27 · Net assets without donor restrictions

    beginning of year $235,225 · end of year $291,803

Mission and programs · 2023

Mission

TRAIN SCHOLARS IN LEADERSHIP AND ENTREPRENEURSHIP THROUGH EVALUATION OF "LIVE" REAL ESTATE INVESTMENTS IN THEIR LOCAL COMMUNITY. CREATE AND CULTIVATE NETWORKING OPPORTUNITIES WHERE SCHOLARS ENGAGE DIRECTLY WITH LOCAL COMPANIES AND EXECUTIVES. TURN PARTICIPANTS INTO STAKEHOLDERS IN REAL ESTATE, WHEREBY THEY RECEIVE FINANCIAL SCHOLARSHIPS AND/OR AWARDS.

Activities or mission (Part I)

PROJECT DESTINED IS 501(C)3 NOT-FOR-PROFIT CORPORATION THAT ADMINISTERS A REAL ESTATE BASEDAPPLIED YOUTH EDUCATION PROGRAM DESIGNED TO PROMOTE FINANCIAL LITERACY, LEADERSHIP DEVELOPMENT AND ACCESS TO MENTORSHIP OPPORTUNITIES YIELDING INCREASED COMPETITIVENESS FOR URBAN YOUTH. ACROSS MULTIPLE MODULES, PROJECT DESTINED SCHOLARS GAIN EXPOSURE TO ALL ASPECTS OF THE REAL ESTATE INVESTMENT LIFE CYCLE WHILE GAINING EXPOSURE TO REAL INDUSTRY PROFESSIONALS, ANALYZING REAL ESTATE OPPORTUNITIES AND HELPING TO INVEST REAL CAPITAL INTO REAL ESTATE WITHIN THEIR OWN COMMUNITIES.

  • ADMINISTRATION OF A REAL ESTATE BASED APPLIED EDUCATION PROGRAM DESIGNED TO PROMOTE FINANCIAL LITERACY, LEADERSHIP DEVELOPMENT AND ACCESS TO MENTORSHIP OPPORTUNITIES YIELDING INCREASED COMPETITIVENESS OF URBAN YOUTH. ESTIMATED INDIVIDUALS AFFECTED 3,500.

    Expenses $2,558,593 · Grants $2,403,916

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CEDRIC BOBO

    FOUNDER/CEO

    Total calculated
    $0
    Hours/week
    10

  • ANGELA JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • TJ EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349317347

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

The source document this was parsed from is served over the API, which is where bulk and document access live.