Project Athena Foundation FY2020 filing

Cardiff, CAUnknown exempt organization EIN 06-1818480Revenue $166K in FY2020

On file with the IRS2033 San Elijo Ave 310 · Cardiff, CA

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Our mission is to help survivors of medical or other traumatic challenges reach new athletic goals and achieve their adventurous dreams. We provide travel expenses, coaching, equipment, and most importantly, the encouragement and inspiration needed to help these strong, amazing women and men make that life-affirming transition from survivor to athlete.

75¢ of each $1 spent went to programs.
$47K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $35K a year · 22% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$47K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$166K
Spent
$212K
To programs
75%
Net assets
$39K
By yearFY2020–FY2024
Revenue
$166K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$166K
FY2021$162K
FY2022$9K
FY2023$19K
FY2024$223
Expenses
$212K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$212K
FY2021$186K
FY2022Not on file
FY2023Not on file
FY2024Not on file
Net assets
$39K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$39K
FY2021$14K
FY2022$12K
FY2023$27K
FY2024Not on file

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $159K Management & general 25% · $53K

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

6 people listed on the 990; $47K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer/CFO
$23,750Pt VII · Sec A
$19,830Pt VII · Sec A
$3,005Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2021FY2020
Kris Verdeck$9,331$23,750
Melissa Merrill Simpson$12,005$19,830
Louise Cooper$1,935$3,005

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers survivors of trauma to achieve athletic and adventurous goals through support and inspiration.

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Provided by the organization

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1 program · $159K · in their own filed words · FY2020
01

In 2020, the project athena foundation had to postpone the harbor to harbor trek due to covid, but we did take 4 athenas to complete the florida keys multi-sport adventure, 3 athenas hiked the grand canyon, and one athena hiked the new zion national park traverse adventure with a team of fundraising GODS/GODDESSES alongside them every…

$159Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$16K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$166K
Ln 12
Fees for servicesLn 2g$110K
Gifts and grantsLn 1h$56K
Money outPt IX
$212K
Ln 25
Programscol B$159K
Managementcol C$53K
Owns and owesPt X
$39K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$39K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$56K
Fees for servicesLn 2g$110K
Total revenueLn 12$166K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Total assetsLn 16$39K
LiabilitiesLn 26$0
Net assetsLn 32$39K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$73K$39K
Total assetsLn 16$73K$39K
LiabilitiesLn 26$0$0
Net assetsLn 32$73K$39K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$47K$47K
Other salaries and wagesLn 7$38K$38K
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$600$600
Other fees for servicesLn 11g$90$90
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$2K$2K
Information technologyLn 14$11K$11K
TravelLn 17$1K$1K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$71K$65K$7K
All other expensesLn 24e$2K$1K$638
Total functional expensesLn 25$212K$159K$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $223 990 PDF
FY2023 $19K$27K 990 PDF
FY2022 $9K$12K 990 PDF
FY2021 $162K$186K−$25K$14K 990 PDF
FY2020 Viewing $166K$212K−$46K$39K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $165,850 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,037$56,028
I-9 Program service revenuePrior year $186,689$109,822
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $258,726$165,850
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $99,595$84,140
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $182,998$127,960
I-18 Total expensesPrior year $282,593$212,100
I-19 Revenue less expensesPrior year −$23,867−$46,250
Part VI · Governance 3 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $165,850 across 4 lines filed
VIII-1f All other contributions, gifts and grants$56,028
VIII-1h Total contributions, gifts and grants$56,028
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $109,822$109,822
VIII-12 Total revenueRelated to mission $109,822 · Unrelated business $0 · Excluded from tax $0$165,850
Part IX · Statement of functional expenses $212,100 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $46,585$46,585
IX-7 Other salaries and wagesPrograms $37,555$37,555
IX-11b Legal feesManagement $25,735$25,735
IX-11c Accounting feesManagement $600$600
IX-11g Other fees for servicesManagement $90$90
IX-12 Advertising and promotionManagement $5,064$5,064
IX-13 Office expensesManagement $1,885$1,885
IX-14 Information technologyManagement $11,082$11,082
IX-17 TravelManagement $1,249$1,249
IX-23 InsurancePrograms $9,227$9,227
IX-24 Other expenses (24a–d)Programs $64,506 · Management $6,532$71,038
IX-24e All other expensesPrograms $1,352 · Management $638$1,990
IX-25 Total functional expensesPrograms $159,225 · Management $52,875 · Fundraising $0$212,100
Part X · Balance sheet $38,832 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $72,745$38,832
X-16 Total assetsStart of year $72,745$38,832
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $72,745$38,832
X-33 Total liabilities and net assetsStart of year $72,745$38,832
Part XI · Reconciliation of net assets $38,832 net assets at year end
XI-1 Total revenue$165,850
XI-2 Total expenses$212,100
XI-3 Revenue less expenses−$46,250
XI-4 Net assets at start of year$72,745
XI-8 Prior period adjustments$12,337
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$38,832

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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