Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1982.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
11 people listed on the 990; $232K paid to officers and key staff.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Caitlin McCormick Small | $112,769 | $140,000 | $122,250 | $102,596 | $71,923 |
| Elizabeth Neu | $119,326 | $108,973 | $110,028 | — | — |
| Elizabeth Norris Neu | — | — | — | $97,334 | $78,249 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Develops adventure programs for therapy and corporate training globally.
Questions for Project Adventure INC
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Program Services
Consulting, instruction and workshops presenting the adventure programming and tools to implement programs in schools and other educational institutions.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $1.2M |
| InvestmentsLn 11–13 | $14K | $14K |
| Land, buildings, equipmentLn 10c | $3K | $103K |
| Total assetsLn 16 | $1.9M | $2.1M |
| LiabilitiesLn 26 | $1.1M | $879K |
| Net assetsLn 32 | $781K | $1.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $1.8M | $1.6M | $176K | $51K |
| Other employee benefitsLn 9 | $172K | $12K | $155K | $4K |
| Payroll taxesLn 10 | $190K | $184K | $6K | |
| OccupancyLn 16 | $111K | $81K | $30K | |
| TravelLn 17 | $244K | $234K | $10K | |
| InterestLn 20 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $16K | $16K | ||
| InsuranceLn 23 | $175K | $13K | $162K | |
| Other expenses (24a–d)Ln 24 | $531K | $405K | $120K | $7K |
| All other expensesLn 24e | $189K | $72K | $72K | $45K |
| Total functional expensesLn 25 | $3.4M | $2.6M | $715K | $123K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.2M | $4.1M | $88K | $1.3M | 990 PDF |
| FY2023 | $3.7M | $3.7M | $29K | $1.2M | 990 PDF |
| FY2022 Viewing | $3.9M | $3.4M | $438K | $1.2M | 990 PDF |
| FY2021 | $4.7M | $2.5M | $2.2M | $781K | 990 PDF |
| FY2020 | $1.9M | $2.1M | −$218K | −$1.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $3,884,977 revenue, 12 lines filed
Part VI · Governance 10 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $3,884,977 across 6 lines filed
Part IX · Statement of functional expenses $3,446,951 across 10 lines filed
Part X · Balance sheet $2,097,644 assets, 16 lines filed
Part XI · Reconciliation of net assets $1,219,059 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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