Project Purple INC FY2022 filing

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The mission of Project Purple is to raise awareness and funds toward a cure of pancreatic cancer. In addition, Project Purple motivates people to run in world renowned marathons and half marathons to raise mission critical funds.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$161K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $224K a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$161K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 11.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $9K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$88K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
+27% vs prior year
Spent
$1.4M
To programs
87%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$1.8M
FY2022▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$934K
FY2021$1.4M
FY2022$1.8M
FY2023$2.6M
FY2024$3.0M
Expenses
$1.4M
FY2022▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$788K
FY2021$1.1M
FY2022$1.4M
FY2023$2.1M
FY2024$3.1M
Net assets
$1.4M
FY2022▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$731K
FY2021$1.1M
FY2022$1.4M
FY2023$1.9M
FY2024$1.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.2M Management & general 8% · $115K Fundraising 4% · $63K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $161K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder and
$160,668Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Sandino Verrelli’s $212K as Founder and is at the 62nd percentile of top reported officer pay among 360 $1–10M medical research 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

NameFY2024FY2023FY2022FY2021FY2020
Sandino Verrelli$212,128$185,855$160,668$134,183$147,900

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.

See Project Purple INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises awareness and funds for a pancreatic cancer cure through marathon running.

Questions for Project Purple INC

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2 programs · $1.2M · in their own filed words · FY2022
01

Program and marathon activities our primary fundraising comes from participating in marathons, half marathons, and 5k races across the country; including the top four U.S. Marathons. Our team consists of runners from all over the world, most of them have been touched by pancreatic cancer.

$827Kprogram expense
02

Research, scholarships and patient aid project purple has become a leading provider of financial aid to families battling pancreatic cancer. We offer grants to families that are battling this disease from all over the united states.

$415Kprogram expense

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 · FY2025
Total grants receivedfrom 1 funder$9K
Grants paid · 23 grants · $2.8M · 2020–2024
Duke UniversityNC · FY2024$350,000
Unitemized GrantFY2024$318,741
Unitemized GrantFY2024$46,688
Unitemized GrantFY2023$198,709
Unitemized GrantFY2023$25,832
Unitemized GrantFY2023$19,375
Unitemized GrantFY2022$127,514
Unitemized GrantFY2022$11,763
See all 23 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.7M
Fees for servicesLn 2g$32K
Investment incomeLn 3$6K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$115K
Fundraisingcol D$63K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$88K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Fundraising eventsLn 1c$31K
Fees for servicesLn 2g$32K
Investment incomeLn 3$6K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$972K
SavingsLn 2$350K
Cash and savings togetherLn 1–2$1.3M
Pledges and grants receivableLn 3$46K
Accounts receivableLn 4$32K
Inventories for sale or useLn 8$21K
Prepaid expenses and deferred chargesLn 9$43K
Land, buildings, equipmentLn 10c$5K
Intangible assetsLn 14$16K
Other assetsLn 15$11K
Total assetsLn 16$1.5M
LiabilitiesLn 26$88K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 511
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$821K$1.3M
Land, buildings, equipmentLn 10c$7K$5K
Total assetsLn 16$1.1M$1.5M
LiabilitiesLn 26$60K$88K
Net assetsLn 32$1.1M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$204K$204K
Grants to domestic individualsLn 2$139K$139K
Pay of current officers, directors and key staffLn 5$181K$136K$36K$9K
Other salaries and wagesLn 7$209K$149K$35K$24K
Other employee benefitsLn 9$35K$25K$6K$3K
Payroll taxesLn 10$28K$21K$5K$2K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$54K$47K$79$7K
Advertising and promotionLn 12$135K$135K$183
Office expensesLn 13$72K$49K$11K$12K
Information technologyLn 14$30K$22K$5K$3K
OccupancyLn 16$26K$20K$4K$2K
TravelLn 17$49K$49K
Depreciation, depletion and amortizationLn 22$4K$3K$699$413
InsuranceLn 23$4K$3K$1K
Other expenses (24a–d)Ln 24$227K$227K
All other expensesLn 24e$15K$14K$1K
Total functional expensesLn 25$1.4M$1.2M$115K$63K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 26, 2025 $3.0M$3.1M−$153K$1.7M 990 PDF
FY2023Filed with the IRS Nov 8, 2024 $2.6M$2.1M$448K$1.9M 990 PDF
FY2022 ViewingFiled with the IRS Oct 26, 2023 $1.8M$1.4M$345K$1.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.4M$1.1M$333K$1.1M 990 PDF
FY2020Filed with the IRS Sep 30, 2021 $934K$788K$146K$731K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,765,053 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,327,970$1,729,998
I-9 Program service revenuePrior year $60,466$31,579
I-10 Investment incomePrior year $1,815$5,874
I-11 Other revenuePrior year $3,451−$2,398
I-12 Total revenuePrior year $1,393,702$1,765,053
I-13 Grants and similar amounts paidPrior year $226,637$342,977
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $371,269$452,920
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $463,294$624,581
I-18 Total expensesPrior year $1,061,200$1,420,478
I-19 Revenue less expensesPrior year $332,502$344,575
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,765,053 across 7 lines filed
Lines not itemized here account for $5,857 of total revenue; see the IRS return.
VIII-1c Fundraising events$30,782
VIII-1f All other contributions, gifts and grants$1,699,216
VIII-1h Total contributions, gifts and grants$1,729,998
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,579$31,579
VIII-3 Investment incomeExcluded from tax $5,874$5,874
VIII-8 Net income from fundraising eventsExcluded from tax −$8,255−$8,255
VIII-12 Total revenueRelated to mission $31,579 · Excluded from tax $3,476$1,765,053
Part IX · Statement of functional expenses $1,420,478 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $203,700$203,700
IX-2 Grants to domestic individualsPrograms $139,277$139,277
IX-5 Pay of current officers, directors and key staffPrograms $136,040 · Management $36,277 · Fundraising $9,069$181,386
IX-7 Other salaries and wagesPrograms $149,333 · Management $35,404 · Fundraising $23,905$208,642
IX-9 Other employee benefitsPrograms $25,403 · Management $6,380 · Fundraising $2,935$34,718
IX-10 Payroll taxesPrograms $20,614 · Management $5,178 · Fundraising $2,382$28,174
IX-11b Legal feesManagement $6,365$6,365
IX-11c Accounting feesManagement $2,142$2,142
IX-11g Other fees for servicesPrograms $47,228 · Management $79 · Fundraising $7,020$54,327
IX-12 Advertising and promotionPrograms $134,780 · Management $183$134,963
IX-13 Office expensesPrograms $49,000 · Management $10,711 · Fundraising $11,918$71,629
IX-14 Information technologyPrograms $22,465 · Management $4,812 · Fundraising $2,838$30,115
IX-16 OccupancyPrograms $19,604 · Management $4,199 · Fundraising $2,477$26,280
IX-17 TravelPrograms $48,557$48,557
IX-22 Depreciation, depletion and amortizationPrograms $3,269 · Management $699 · Fundraising $413$4,381
IX-23 InsurancePrograms $2,523 · Management $1,454$3,977
IX-24 Other expenses (24a–d)Programs $226,631$226,631
IX-24e All other expensesPrograms $13,769 · Management $1,445$15,214
IX-25 Total functional expensesPrograms $1,242,193 · Management $115,328 · Fundraising $62,957$1,420,478
Part X · Balance sheet $1,495,812 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $820,967$971,816
X-2 Savings and temporary cash investments$350,004
X-3 Pledges and grants receivableStart of year $92,607$45,788
X-4 Accounts receivableStart of year $105,439$32,422
X-8 Inventories for sale or useStart of year $18,758$21,169
X-9 Prepaid expenses and deferred chargesStart of year $58,397$42,929
X-10c Land, buildings and equipment, netStart of year $6,564$5,238
X-14 Intangible assetsStart of year $16,980$15,914
X-15 Other assetsStart of year $4,000$10,532
X-16 Total assetsStart of year $1,123,712$1,495,812
X-17 Accounts payable and accrued expensesStart of year $57,882$80,645
X-25 Other liabilitiesStart of year $2,250$7,012
X-26 Total liabilitiesStart of year $60,132$87,657
X-27 Net assets without donor restrictionsStart of year $1,030,299$1,306,618
X-28 Net assets with donor restrictionsStart of year $33,281$101,537
X-32 Total net assets or fund balancesStart of year $1,063,580$1,408,155
X-33 Total liabilities and net assetsStart of year $1,123,712$1,495,812
Part XI · Reconciliation of net assets $1,408,155 net assets at year end
XI-1 Total revenue$1,765,053
XI-2 Total expenses$1,420,478
XI-3 Revenue less expenses$344,575
XI-4 Net assets at start of year$1,063,580
XI-10 Net assets at end of year$1,408,155

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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