Project Goal INC EIN 13-4221810 Form 990 (PDF) Claim this org

Project Goal INC

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Provides after-school programs for youth. For fiscal year 2024 it reported $392K in revenue, $342K in expenses, and $513K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Providence, RI
Filings
5 on file (2020–2024)
Revenue
$392KFY2024
Expenses
$342K
Net assets
$513K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-4221810 Public charity (501(c)(3)) Providence, RI
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides after-school programs for youth.
Leadership
Darius Shirzadi · President & Treasurer · $94K
Money in and out
$392K revenue, $342K expenses
Bottom line
62% program efficiency
Where the money goes · FY2024
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$342K
Pt IX · Ln 25
Net assets
$513K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $51K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.21 Fundraising $0.16
Program efficiency
62%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
18.1mo
months of highly liquid reserves at operating expense rate▼ -4% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▼ -19% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$392K
FY2024▲ +12%
Expenses
$342K
FY2024▲ +16%
Total assets
$514K
FY2024▲ +10%
Total liabilities
$1K
FY2024▼ -63%
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$342K
Pt IX · Ln 25
Net assets
$513K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$51K
Total assetsPt X · Ln 16$514K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $213K of program spending, described in the organization's own filed words · FY2024.
01

After school scholastic tuition and soccer coaching

$213Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Goal INC
EINHdr · item D13-4221810
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N64)
Ruling yearIRS BMFApr 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & Treasurer
$93,900Pt VII · Sec A
$6,190Pt VII · Sec A
Chairman Emeritus
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Darius Shirzadi’s $94K as President & Treasurer is at the 90th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Darius Shirzadi$93,900$87,951$50,831$23,000$14,500
Javier Centeno$6,190$7,500$4,900$1,533$4,200

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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Statement of Revenue

Part VIII
Contributions & grants$389K · 99%
Other revenue$2K · 1%
Contributions & grants99%$389K
Other revenue1%$2K
Investment income$2K
— government grantsLn 1e$44K
Total revenueLn 12$392K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.21 Fundraising $0.16
Program services62%$213K
Management & general21%$73K
Fundraising16%$55K
Total functional expensesLn 25$342K

Balance Sheet

Part X · end of year
CashLn 1$514K
Total assetsLn 16$514K
Total liabilitiesLn 26$1K
Total net assetsLn 32$513K
Months of cash on handcomputed18.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $514K · Operating expenses/yr $342K
18.1 months
Where the money goes
Program services
Program services $213K · Total expenses $342K
62%
Management & General
Management & general $73K · Total expenses $342K
21%
Fundraising
Fundraising $55K · Total expenses $342K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $47K · Solicited contributions (3-yr avg) $307K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $389K · Total revenue $392K
99%
Government reliance
Government grants $44K · Total revenue $392K
11%
Earned-income share
Program service revenue $0 · Total revenue $392K
0%
Investment reliance
Investment income $2K · Total revenue $392K
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $342K
0%
Growth & trend
Revenue growth (YoY)
This year $392K · Prior year $351K
+12%
Revenue CAGR
FY2020 $238K · FY2024 $392K
+13%
Net-asset trend (YoY)
End of year $513K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $392K · Expenses $342K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $514K
Net-asset ratio
Net assets $513K · Total assets $514K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $514K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Darius Shirzadi · Reported title President & Treasurer · Highest reported compensation $94K · Total expenses $342K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $342K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 21%
Fundraising cost ratio 14%
Revenue growth 12%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$392K revenue · viewing · ⤓ 990 PDF
FY2023$351K revenue · ⤓ 990 PDF
FY2022$228K revenue · ⤓ 990 PDF
FY2021$332K revenue · ⤓ 990 PDF
FY2020$238K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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