Project Paul INC EIN 22-3067740

Project Paul INC

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Provides food to prevent hunger and homelessness for those in need. For fiscal year 2025 it reported $426K in revenue, $287K in expenses, and $594K in net assets.Pt I

Founded
1979
Type
Public charity (501(c)(3)) · Human Services
Location
Keansburg, NJ
Website
projpaul.org
Filings
6 on file (2020–2025)
Revenue
$426KFY2025
Expenses
$287K
Net assets
$594K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  22-3067740 Public charity (501(c)(3)) Keansburg, NJ Founded 1979
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides food to prevent hunger and homelessness for those in need.
Leadership
Sal Cortale · Executive Director · $28K
Money in and out
$426K revenue, $287K expenses
Bottom line
94% program efficiency
Where the money goes · FY2025
Total revenue
$426K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$594K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $140K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program efficiency
94%
of spending reaches programs▲ +9% vs prior filing year
Operating runway
23.5mo
months of highly liquid reserves at operating expense rate▲ +153% vs prior filing year
Surplus margin
+33%
revenue over expenses, this year▲ +280% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$426K
FY2025▲ +25%
Expenses
$287K
FY2025▼ -29%
Total assets
$602K
FY2025▲ +41%
Total liabilities
$8K
FY2025▼ -35%
Total revenue
$426K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$594K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$140K
Total assetsPt X · Ln 16$602K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $269K of program spending, described in the organization's own filed words · FY2025.
01

Food pantry-food bags are given to eligible individuals and to families according to eed. Approx. 22,000 people served

$224Kprogram expense
02

Homelessness prevention. To assist in preventing homelessness by dispensing funds for utilities or rent. Approx. 150 families served

$39Kprogram expense
03

Emergency assistance. To assist in preventing homelessness by dispensing funds according to guidelines in the bayshore area.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Paul INC
EINHdr · item D22-3067740
Principal addressHdr · item CKeansburg, NJ
WebsiteHdr · item Jprojpaul.org
Year of formationHdr · item L1979
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P600)
Ruling yearIRS BMFDec 1990

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Director
$27,500Pt VII · Sec A
$16,000Pt VII · Sec A
$6,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sal Cortale’s $28K as Executive Director is at the 15th percentile of top reported officer pay among 2164 $100K–1M human services 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.

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Statement of Revenue

Part VIII
Contributions & grants$289K · 68%
Program service revenue$134K · 31%
Investment income$3K · 1%
Contributions & grants68%$289K
Program service revenue31%$134K
Investment income1%$3K
Other revenue$1K
— government grantsLn 1e$66K
Total revenueLn 12$426K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program services94%$269K
Management & general5%$14K
Fundraising1%$3K
Total functional expensesLn 25$287K

Balance Sheet

Part X · end of year
CashLn 1$431K
Total assetsLn 16$602K
Total liabilitiesLn 26$8K
Total net assetsLn 32$594K
Months of cash on handcomputed18.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $431K · Operating expenses (Pt IX) $287K · Less non-cash grants $67K · Cash operating expenses/yr $220K
23.5 months
Where the money goes
Program services
Program services $269K · Total expenses $287K
94%
Management & General
Management & general $14K · Total expenses $287K
5%
Fundraising
Fundraising $3K · Total expenses $287K
1.0%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $195K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $289K · Total revenue $426K
68%
Government reliance
Government grants $66K · Total revenue $426K
16%
Earned-income share
Program service revenue $134K · Total revenue $426K
31%
Investment reliance
Investment income $3K · Total revenue $426K
+0.6%
Program self-sufficiency
Program service revenue $134K · Total expenses $287K
47%
Growth & trend
Revenue growth (YoY)
This year $426K · Prior year $341K
+25%
Revenue CAGR
FY2020 $261K · FY2025 $426K
+10%
Net-asset trend (YoY)
End of year $594K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $426K · Expenses $287K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $602K
Net-asset ratio
Net assets $594K · Total assets $602K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $602K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sal Cortale · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $28K · Total expenses $287K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $287K
28%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 5%
Fundraising cost ratio 1.0%
Revenue growth 25%

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 · FY2023
Total grants receivedfrom 1 funder$9K
Grants paid · 27 grants · $344K · 2020–2024
Unitemized GrantFY2024$38,575
Unitemized GrantFY2024$16,247
Unitemized GrantFY2024$6,065
Unitemized GrantFY2024$1,600
Unitemized GrantFY2023$28,521
Unitemized GrantFY2023$13,630
Unitemized GrantFY2023$13,495
Unitemized GrantFY2023$5,411
Unitemized GrantFY2023$2,000
Unitemized GrantFY2023$900
Unitemized GrantFY2023$786
Unitemized GrantFY2022$42,895
Unitemized GrantFY2022$12,105
Unitemized GrantFY2022$11,192
Unitemized GrantFY2022$7,186
Unitemized GrantFY2022$200
Unitemized GrantFY2021$50,829
Unitemized GrantFY2021$23,369
See all 27 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)$426K revenue · viewing · ⤓ 990 PDF
FY2024$341K revenue · ⤓ 990 PDF
FY2023$375K revenue · ⤓ 990 PDF
FY2022$371K revenue · ⤓ 990 PDF
FY2021$394K revenue · ⤓ 990 PDF
FY2020$261K 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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