Project 2 Heal EIN 27-4525208 Form 990 (PDF) Claim this org

Project 2 Heal

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Breeds and donates Labrador retrievers to provide healing through service and therapy programs. For fiscal year 2025 it reported $699K in revenue, $504K in expenses, and $595K in net assets.Pt I

Founded
2011
Type
Public charity (501(c)(3)) · Animals
Location
Charlotte, NC
Filings
6 on file (2020–2025)
Revenue
$699KFY2025
Expenses
$504K
Net assets
$595K
People
10
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-4525208 Public charity (501(c)(3)) Charlotte, NC Founded 2011
Form 990 (PDF)
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Size
$100K–1M
What they do
Breeds and donates Labrador retrievers to provide healing through service and therapy programs.
Leadership
Janelle Zander · Board Chair · $11K
Money in and out
$699K revenue, $504K expenses
Bottom line
67% program efficiency
Where the money goes · FY2025
Total revenue
$699K
Pt VIII · Ln 12
Total expenses
$504K
Pt IX · Ln 25
Net assets
$595K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $195K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.18 Fundraising $0.14
Program efficiency
67%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
16.2mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
+28%
revenue over expenses, this year▲ +60% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$699K
FY2025▲ +60%
Expenses
$504K
FY2025▲ +40%
Total assets
$727K
FY2025▲ +36%
Total liabilities
$132K
FY2025▼ -2%
Total revenue
$699K
Pt VIII · Ln 12
Total expenses
$504K
Pt IX · Ln 25
Net assets
$595K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$195K
Total assetsPt X · Ln 16$727K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject 2 Heal
EINHdr · item D27-4525208
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2011
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D20)
Ruling yearIRS BMFSep 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Chair
$10,673Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Janelle Zander’s $11K as Board Chair is at the 10th percentile of top reported officer pay among 1220 $100K–1M animals 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Rebecca Golian$50,000
Andre Yandow$49,493$41,716$11,787
Janelle Zander$10,673
Manoella Martin$2,602

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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Mission & Programs · Part III

Where the work happens

1 program service account for $336K of program spending, described in the organization's own filed words · FY2025.
01

We placed 42 puppies with partner organizations for service dog training 6 puppies entered the Chaperone Program and 9 advanced through the Started 4 Service program. Volunteers contributed more than 3,000 hours.

$336Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$287K · 41%
Program service revenue$257K · 37%
Other revenue$125K · 18%
Investment income$29K · 4%
Contributions & grants41%$287K
Program service revenue37%$257K
Other revenue18%$125K
Investment income4%$29K
Total revenueLn 12$699K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.18 Fundraising $0.14
Program services67%$336K
Management & general18%$89K
Fundraising14%$69K
Total functional expensesLn 25$504K

Balance Sheet

Part X · end of year
CashLn 1$680K
Total assetsLn 16$727K
Total liabilitiesLn 26$132K
Total net assetsLn 32$595K
Months of cash on handcomputed16.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $680K · Operating expenses/yr $504K
16.2 months
Where the money goes
Program services
Program services $336K · Total expenses $504K
67%
Management & General
Management & general $89K · Total expenses $504K
18%
Fundraising
Fundraising $69K · Total expenses $504K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $32K · Solicited contributions (3-yr avg) $371K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $287K · Total revenue $699K
41%
Government reliance
Government grants $0 · Total revenue $699K
0%
Earned-income share
Program service revenue $257K · Total revenue $699K
37%
Investment reliance
Investment income $29K · Total revenue $699K
+4%
Program self-sufficiency
Program service revenue $257K · Total expenses $504K
51%
Growth & trend
Revenue growth (YoY)
This year $699K · Prior year $436K
+60%
Revenue CAGR
FY2020 $325K · FY2025 $699K
+17%
Net-asset trend (YoY)
End of year $595K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $699K · Expenses $504K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $727K
Net-asset ratio
Net assets $595K · Total assets $727K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $727K
0%
People & payroll
Highest Reported Total Compensation
Individual Janelle Zander · Reported title Board Chair · Highest reported compensation $11K · Total expenses $504K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $209K · Total expenses $504K
41%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 18%
Fundraising cost ratio 24%
Revenue growth 60%

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 · FY2025
Total grants receivedfrom 1 funder$5K

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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)$699K revenue · viewing · ⤓ 990 PDF
FY2024$436K revenue · ⤓ 990 PDF
FY2023$402K revenue · ⤓ 990 PDF
FY2022$379K revenue · ⤓ 990 PDF
FY2021$330K revenue · ⤓ 990 PDF
FY2020$325K 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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