Project Independence INC: Nonprofit Profile, Financials & Form 990 (EIN 16-1173031)

Revenue by fiscal year
FY2020	$72
FY2021	$27
FY2022	−$2K
FY2023	$0

Expenses by fiscal year
FY2020	$109K
FY2021	$76K
FY2022	$75K
FY2023	$18K

Net assets by fiscal year
FY2020	$400K
FY2021	$97K
FY2022	$20K
FY2023	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

What each dollar paid for.

100%

Management & general 100% · $18K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Andrew Flach

Board Chairperson

$0Pt VII · Sec A

See Project Independence INC executive salaries →

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 15aNo

Programs and updates

Promotes growth and opportunity for individuals with mental and developmental disabilities.

Questions for Project Independence INC

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1 program · in their own filed words · FY2023

01

To serve, develop and conduct activities for all individuals diagnosed as being mentally retarded AND/OR developmentally disabled.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 16-1173031) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$0

Ln 12

Money outPt IX

$18K

Ln 25

Managementcol C$18K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b1

2In more detail

Revenue in detailPt VIII

Total revenueLn 12$0

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 52

VolunteersI 64

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$23K	$0
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$23K	$0
LiabilitiesLn 26	$3K	$0
Net assetsLn 32	$20K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$6K		$6K
Payroll taxesLn 10	$2K		$2K
Legal feesLn 11b	$2K		$2K
Accounting feesLn 11c	$500		$500
Office expensesLn 13	$25		$25
Information technologyLn 14	$1K		$1K
OccupancyLn 16	$1K		$1K
InsuranceLn 23	$5K		$5K
Other expenses (24a–d)Ln 24	$1K		$1K
Total functional expensesLn 25	$18K	$0	$18K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest ViewingFiled with the IRS May 14, 2024	$0	$18K	−$18K	$0	990 PDF
FY2022Filed with the IRS Jul 31, 2023	−$2K	$75K	−$77K	$20K	990 PDF
FY2021Filed with the IRS Jul 26, 2022	$27	$76K	−$76K	$97K	990 PDF
FY2020Filed with the IRS Oct 4, 2021	$72	$109K	−$109K	$400K	990 PDF

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2023 990

Part I · Summary $0 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year −$1,639$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year −$1,639$0

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 $40,376$7,692

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $34,500$10,693

I-18 Total expensesPrior year $74,876$18,385

I-19 Revenue less expensesPrior year −$76,515−$18,385

Part VI · Governance 1 of 1 board members independent, 1 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members1

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $0 across 1 lines filed

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

Part IX · Statement of functional expenses $18,385 across 9 lines filed

IX-7 Other salaries and wagesManagement $6,060$6,060

IX-10 Payroll taxesManagement $1,632$1,632

IX-11b Legal feesManagement $1,500$1,500

IX-11c Accounting feesManagement $500$500

IX-13 Office expensesManagement $25$25

IX-14 Information technologyManagement $1,183$1,183

IX-16 OccupancyManagement $1,210$1,210

IX-23 InsuranceManagement $4,827$4,827

IX-24 Other expenses (24a–d)Management $1,448$1,448

IX-25 Total functional expensesPrograms $0 · Management $18,385 · Fundraising $0$18,385

Part X · Balance sheet $0 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $22,805$0

X-2 Savings and temporary cash investments$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $9$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred chargesStart of year $106$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $85$0

X-16 Total assetsStart of year $23,005$0

X-26 Total liabilitiesStart of year $2,912$0

X-27 Net assets without donor restrictionsStart of year $20,093$0

X-32 Total net assets or fund balancesStart of year $20,093$0

X-33 Total liabilities and net assetsStart of year $23,005$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$0

XI-2 Total expenses$18,385

XI-3 Revenue less expenses−$18,385

XI-4 Net assets at start of year$20,093

XI-9 Other changes in net assets−$1,708

XI-10 Net assets at end of year$0

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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