Project Compassion INC EIN 23-7264140 Form 990 (PDF) Claim this org

Project Compassion INC FY2021 filing

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Brings joy, compassion, and quality of life to nursing home residents. For fiscal year 2021 it reported $166K in revenue, $141K in expenses, and $443K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Fort Smith, AR
Website
www.projectcompassioninc.org
Filings
5 on file (2020–2021)
Revenue
$166KFY2021
Expenses
$141K
Net assets
$443K
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7264140 Public charity (501(c)(3)) Fort Smith, AR
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Brings joy, compassion, and quality of life to nursing home residents.
Leadership
Carmelita Adams · Board Member
Money in and out
$166K revenue, $141K expenses
Bottom line
74% program efficiency
Where the money goes · FY2021
Total revenue
$166K
Pt VIII · Ln 12
Total expenses
$141K
Pt IX · Ln 25
Net assets
$443K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $25K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.13 Fundraising $0.12
Program efficiency
74%
of spending reaches programs
Operating runway
51.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$166K
FY2021▲ +40%
Expenses
$141K
FY2021▲ +17%
Total assets
$446K
FY2021▲ +9%
Total liabilities
$3K
FY2021▼ -17%
Total revenue
$166K
Pt VIII · Ln 12
Total expenses
$141K
Pt IX · Ln 25
Net assets
$443K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$25K
Total assetsPt X · Ln 16$446K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

1 program service account for $105K of program spending, described in the organization's own filed words · FY2021.
01

Nursing home visitation and activities for nursing home residents.

$105Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Compassion INC
EINHdr · item D23-7264140
Principal addressHdr · item CFort Smith, AR
WebsiteHdr · item Jwww.projectcompassioninc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E91N)
Ruling yearIRS BMFMay 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
1st Vice Pre
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$130K · 78%
Investment income$43K · 26%
Contributions & grants78%$130K
Investment income26%$43K
— government grantsLn 1e$8K
Total revenueLn 12$166K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.13 Fundraising $0.12
Program services74%$105K
Management & general13%$19K
Fundraising12%$17K
Total functional expensesLn 25$141K

Balance Sheet

Part X · end of year
CashLn 1$18K
Total assetsLn 16$446K
Total liabilitiesLn 26$3K
Total net assetsLn 32$443K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $428K · Operating expenses (Pt IX) $141K · Less non-cash grants $41K · Cash operating expenses/yr $100K
51.6 months
Where the money goes
Program services
Program services $105K · Total expenses $141K
74%
Management & General
Management & general $19K · Total expenses $141K
13%
Fundraising
Fundraising $17K · Total expenses $141K
12%
Cost to raise $1
Fundraising expense (2-yr avg) $14K · Solicited contributions (2-yr avg) $117K
$0.12 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $130K · Total revenue $166K
78%
Government reliance
Government grants $8K · Total revenue $166K
5%
Earned-income share
Program service revenue $0 · Total revenue $166K
0%
Investment reliance
Investment income $43K · Total revenue $166K
+26%
Program self-sufficiency
Program service revenue $0 · Total expenses $141K
0%
Growth & trend
Revenue growth (YoY)
This year $166K · Prior year $118K
+40%
Net-asset trend (YoY)
End of year $443K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $166K · Expenses $141K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $446K
Net-asset ratio
Net assets $443K · Total assets $446K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $410K · Total assets (Pt X, ln 16) $446K
92%
People & payroll
Highest Reported Total Compensation
Individual Carmelita Adams · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $141K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $65K · Total expenses $141K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 13%
Fundraising cost ratio 13%
Revenue growth 40%
Accounting fee ratio 2%

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 · FY2024
Total grants receivedfrom 1 funder$25K

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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)$128K revenue · ⤓ 990 PDF
FY2023$118K revenue · ⤓ 990 PDF
FY2022$101K revenue · ⤓ 990 PDF
FY2021$166K revenue · viewing · ⤓ 990 PDF
FY2020$118K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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