The Revitalization Project FY2023 filing

Springfield, VA · Membership association · Since 2016 · Community Development

! Not tax-deductible
Revenue
$982K
-61% vs prior year
Spent
$947K
To programs
100%
Net assets
$99K
By yearFY2020–FY2024
Revenue
$982K
FY2023▼ -61%
Revenue by fiscal year
FY2020$992K
FY2021$552K
FY2022$2.5M
FY2023$982K
FY2024$6.3M
Expenses
$947K
FY2023▼ -63%
Expenses by fiscal year
FY2020$842K
FY2021$591K
FY2022$2.6M
FY2023$947K
FY2024$5.8M
Net assets
$99K
FY2023▲ +55%
Net assets by fiscal year
FY2020$150K
FY2021$111K
FY2022$64K
FY2023$99K
FY2024$600K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Revitalization Project
EINHdr · item D27-1983994
Exempt statusHdr · item I501(c)(4) · active
Ruling yearIRS BMFApr 2010
Year of formationHdr · item L2016
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSpringfield, VA
NTEE classificationIRS BMFCommunity Development (S31)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$947K
Total functional expensesLn 25$947K

Financial health

Is it on solid ground?

Operating surplus
+4%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$99K
FY2023▲ +55%
Total assets by fiscal year
FY2020$150K
FY2021$111K
FY2022$64K
FY2023$99K
FY2024$600K
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19$35K
Total assetsPt X · Ln 16$99K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 41

Balance Sheet

Part X · end of year
CashLn 1$99K
Total assetsLn 16$99K
Total liabilitiesLn 26$0
Total net assetsLn 32$99K
Months of cash on handcomputed1.3

Statement of Revenue

Part VIII
Contributions & grants100%$982K
Total revenueLn 12$982K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $99K · Operating expenses/yr $947K
1.3 months
Where the money goes
Program services
Program services $947K · Total expenses $947K
100%
Management & General
Management & general $0 · Total expenses $947K
0%
Fundraising
Fundraising $0 · Total expenses $947K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.3M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $982K · Total revenue $982K
100%
Government reliance
Government grants — · Total revenue $982K
—
Earned-income share
Program service revenue $0 · Total revenue $982K
0%
Investment reliance
Investment income $0 · Total revenue $982K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $947K
0%
Growth & trend
Revenue growth (YoY)
This year $982K · Prior year $2.5M
-61%
Net-asset trend (YoY)
End of year $99K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $982K · Expenses $947K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $99K
—
Net-asset ratio
Net assets $99K · Total assets $99K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $99K
0%
People & payroll
Highest Reported Total Compensation
Individual Alex Melendez · Reported title President · Highest reported compensation $0 · Total expenses $947K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $947K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth -61%——
Investment management fee ratio 0%——
Legal fee ratio 3%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
See The Revitalization Project executive salaries →

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Governance & Policies

Part VI
  • 1Voting board membersPt VI · Ln 1a
  • 1Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes pro-growth policies and a stronger education system to build a better economy.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $947K of program spending, described in the organization's own filed words · FY2023.
01

Promote policies to grow the economy and improve education outcomes.

$947Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$968K
See all 3 funders →
Grants paid · 29 grants · $6.3M · 2020–2024
American Jobs and Growth PacFY2024$600,000
Building Our Future TodayFY2024$500,000
A Public Voice INCVA · FY2024$250,000
Economic Future FundDC · FY2024$225,000
Believe in Life and Libty PacFY2024$217,500
United for Clean PowerMD · FY2024$175,000
Driving Momentum INCDE · FY2024$100,000
American Values FirstFY2024$100,000
Ohio WorksVA · FY2024$85,000
Safe Michigan CommunitiesFY2024$75,000
Mountaineer Action PacFY2024$47,500
Louisiana Deserves Better PacFY2023$150,000
American Jobs and Growth FundVA · FY2022$690,000
Americans Keep Country FirstFY2022$225,000
Affordable Energy Fund PacFY2022$155,000
See all 29 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $6.3M$5.8M+538% 990 PDF
FY2023 Viewing $982K$947K-61% 990 PDF
FY2022 $2.5M$2.6M+353% 990 PDF
FY2021 $552K$591K-44% 990 PDF
FY2020 $992K$842K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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