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Apparent Project EIN 26-2632203

Apparent Project FY2023 filing

EIN  26-2632203 Public charity (501(c)(3)) Lacey, WA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
an international affairs nonprofit
Leadership
Marilyn Monaghan · President · $10K
Money in and out
$364K revenue, $406K expenses
Bottom line
70% program efficiency

Apparent Project is an international affairs nonprofit based in Lacey, WA. For fiscal year 2023 it reported $364K in revenue, $406K in expenses, and $7K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$364K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$7K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$42K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.28 Fundraising $0.02
Program efficiency
70%
of spending reaches programs
Operating runway
0.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$364K
FY2023▲ +13%
Expenses
$406K
FY2023▲ +19%
Total assets
$17K
FY2023▼ -72%
Total liabilities
$10K
FY2023▲ +230%
Total revenue
$364K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$7K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$42K
Total assetsPt X · Ln 16$17K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

2 program services account for $285K of program spending, described in the organization's own filed words · FY2023.
01

For the 2023 Tax Year

These are the accomplishments for the 2023-2024 school year:- the apparent project education program begins with childcare for infants & toddlers, continues with early education offered in preschool & elementary school, and includes typing & computer skills starting in 4TH grade.

$234Kprogram expense
02

Since 2009, the apparent project has distributed & sold haitian handcrafts through EVENT/PARTY boxes & fundraiser orders. These programs were severely affected by COVID19 since they are based on events and gatherings. However, in 2021, gatherings and events resumed.

$51Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CApparent Project
EINHdr · item D26-2632203
Principal addressHdr · item CLacey, WA
WebsiteHdr · item Japparentproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFMar 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b4
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$10,500Pt VII · Sec A
Aaron Metz
Treasurer
$0Pt VII · Sec A
Kaitlyn Smith
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marilyn Monaghan’s $2K as President is at the 1st percentile of top reported officer pay among 1637 $100K–1M international 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
Marilyn Monaghan$2,300$10,500$22,500$14,000$15,600
Pamela Thompson——$12,000$12,000$11,000

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$322K · 88%
Program service revenue$42K · 12%
Contributions & grants88%$322K
Program service revenue12%$42K
Investment income$1
Other revenue$153
Total revenueLn 12$364K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.28 Fundraising $0.02
Program services70%$285K
Management & general28%$112K
Fundraising2%$9K
Total functional expensesLn 25$406K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$17K
Total liabilitiesLn 26$10K
Total net assetsLn 32$7K
Months of cash on handcomputed0.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15K · Operating expenses/yr $406K
0.5 months
Where the money goes
Program services
Program services $285K · Total expenses $406K
70%
Management & General
Management & general $112K · Total expenses $406K
28%
Fundraising
Fundraising $9K · Total expenses $406K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $3K · Solicited contributions (3-yr avg) $339K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $322K · Total revenue $364K
88%
Government reliance
Government grants — · Total revenue $364K
—
Earned-income share
Program service revenue $42K · Total revenue $364K
12%
Investment reliance
Investment income $1 · Total revenue $364K
0%
Program self-sufficiency
Program service revenue $42K · Total expenses $406K
10%
Growth & trend
Revenue growth (YoY)
This year $364K · Prior year $322K
+13%
Net-asset trend (YoY)
End of year $7K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $364K · Expenses $406K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $17K
—
Net-asset ratio
Net assets $7K · Total assets $17K
42%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $17K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marilyn Monaghan · Reported title PRESIDENT · Highest reported compensation $10K · Total expenses $406K
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $74K · Total expenses $406K
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 28%——
Fundraising cost ratio 3%——
Revenue growth 13%——
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 · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$15K
Total grants receivedfrom 1 funder$15K

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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)$354K revenue · ⤓ 990 PDF
FY2023$364K revenue · viewing · ⤓ 990 PDF
FY2022$322K revenue · ⤓ 990 PDF
FY2021$429K revenue · ⤓ 990 PDF
FY2020$235K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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