Project Apis M EIN 20-8345956

Project Apis M

EIN  20-8345956 Mutual-benefit / member-serving Torrey, UT
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/3/26 · see original filing: IRS
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Size
$1–10M
What they do
Funds and directs research to improve honey bee health and crop production.
Leadership
Danielle Downey · Executive Di · $146K
Money in and out
$2.3M revenue, $2.3M expenses
Bottom line
0% surplus margin

Funds and directs research to improve honey bee health and crop production. For fiscal year 2025 it reported $2.3M in revenue, $2.3M in expenses, and $1.8M in net assets.Pt I

Reported financial activity · FY2025
Total revenue
$2.3M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$10K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.13 Fundraising $0.04
Surplus margin
0%
revenue over expenses, this year▲ +98% vs prior filing year
Program spending
83%
of expenses reach programs▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$2.3M
FY2025▲ +14%
Expenses
$2.3M
FY2025▼ -3%
Total assets
$2.0M
FY2025▲ +7%
Total liabilities
$215K
FY2025▲ +226%
Total revenue
$2.3M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$10K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $1.9M of program spending, described in the organization's own filed words · FY2024.
01

Research funding project apis m., inc. Is the go-to organization at the interface of honey bees and pollinated crops. Since 2006, the organization has infused over 13 million into honey bee research to provide healthier bees, resulting in better pollination and increased crop yields for the grower, and lower losses and better honey…

$921Kprogram expense
02

Seeds for bees seeds for bees encourages the use of cover crops to increase the density, diversity, and duration of bee forage in california orchards, farms, and vineyards, while improving soil health.

$676Kprogram expense
03

Pam research varroa mites occur in all U.S. Honey bee colonies and typically kill or damage bees if not controlled. The mites are managed with in-hive chemical treatments, but there are problems associated with this approach. A desirable alternative is to use bees that have genetically based mite resistance.

$316Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Apis M
EINHdr · item D20-8345956
Principal addressHdr · item CTorrey, UT
WebsiteHdr · item Jwww.projectapism.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(5) · active
NTEE classificationIRS BMFFood & Agriculture (K05)
Ruling yearIRS BMFJan 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$146,005Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer/Se
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Danielle Downey’s $146K as Executive Di is at the 81st percentile of top reported officer pay among 819 $1–10M food & agriculture 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Danielle Downey$146,005$146,865$126,143$121,500$110,000

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$2.1M · 93%
Program service revenue$116K · 5%
Investment income$43K · 2%
Contributions & grants93%$2.1M
Program service revenue5%$116K
Investment income2%$43K
Other revenue$9K
— government grantsLn 1e$470K
Total revenueLn 12$2.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.13 Fundraising $0.04
Program services83%$1.9M
Management & general13%$298K
Fundraising4%$104K
Total functional expensesLn 25$2.3M

Balance Sheet

Part X · end of year
CashLn 1$2.0M
Total assetsLn 16$2.0M
Total liabilitiesLn 26$215K
Total net assetsLn 32$1.8M
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.0M · Operating expenses/yr $2.3M
10.1 months
Where the money goes
Program services
Program services $1.9M · Total expenses $2.3M
83%
Management & General
Management & general $298K · Total expenses $2.3M
13%
Fundraising
Fundraising $104K · Total expenses $2.3M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $84K · Solicited contributions (3-yr avg) $1.5M
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.1M · Total revenue $2.3M
93%
Government reliance
Government grants $470K · Total revenue $2.3M
20%
Earned-income share
Program service revenue $116K · Total revenue $2.3M
5%
Investment reliance
Investment income $43K · Total revenue $2.3M
+2%
Program self-sufficiency
Program service revenue $116K · Total expenses $2.3M
5%
Growth & trend
Revenue growth (YoY)
This year $2.3M · Prior year $2.0M
+14%
Revenue CAGR
FY2020 $3.2M · FY2024 $2.3M
-8%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.3M · Expenses $2.3M
0%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $1.8M · Total assets $2.0M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Danielle Downey · Reported title EXECUTIVE DI · Highest reported compensation $146K · Total expenses $2.3M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $577K · Total expenses $2.3M
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 13%
Fundraising cost ratio 5%
Revenue growth 14%
Accounting fee ratio 1%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$2K
Grants paid · 100 grants · $5.9M · 2020–2024
Montana State UniversityFY2024$100,000
Usda Agricultural Research CenterFY2024$68,583
Washington State UniversityWA · FY2024$57,804
Indiana UniversityIN · FY2024$50,000
Michigan State UniversityMI · FY2024$41,576
Auburn UniversityFY2024$34,205
University of MinnesotaFY2024$21,861
Pettis and AssociatesFY2024$16,200
Mississippi State UniversityMS · FY2024$12,926
Auburn UniversityFY2023$115,098
Usda Agricultural Research CenterFY2023$96,244
Project Apis M 2 0 INCND · FY2023$75,000
See all 100 grants →

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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
FY2025 (Latest)$2.3M revenue · viewing · ⤓ 990 PDF
FY2024$2.0M revenue · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$2.0M revenue · ⤓ 990 PDF
FY2021$3.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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