Project Rousseau INC EIN 27-4529216 Form 990 (PDF) Claim this org

Project Rousseau INC

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Supports young people through mentoring, academics, community service, and cultural exchanges. For fiscal year 2024 it reported $1.0M in revenue, $731K in expenses, and $1.2M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
New York, NY
Website
www.projectrousseau.org
Filings
5 on file (2020–2024)
Revenue
$1.0MFY2024
Expenses
$731K
Net assets
$1.2M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-4529216 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
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Size
$1–10M
What they do
Supports young people through mentoring, academics, community service, and cultural exchanges.
Leadership
Bethany M Thorne · Secretary · $90K
Money in and out
$1.0M revenue, $731K expenses
Bottom line
50% program efficiency
Where the money goes · FY2024
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$731K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $316K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.50
Program efficiency
50%
of spending reaches programs▼ -44% vs prior filing year
Operating runway
18.4mo
months of highly liquid reserves at operating expense rate▲ +8% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +336% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.0M
FY2024▲ +35%
Expenses
$731K
FY2024▲ +1%
Total assets
$1.2M
FY2024▲ +42%
Total liabilities
$47K
FY2024▲ +562%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$731K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$316K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Rousseau INC
EINHdr · item D27-4529216
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.projectrousseau.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFAug 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$90,299Pt VII · Sec A
$90,299Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Bethany M Thorne’s $90K as Secretary is at the 25th percentile of top reported officer pay among 3392 $1–10M education 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
Bethany M Thorne$90,299$102,000$87,920$67,990$37,917

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

4 program services account for $859K of program spending, described in the organization's own filed words · FY2024.
01

We received recognition from the department of justice to provide free immigration legal services to low-income immigrant communities in late 2022. Our immigration legal services continued to expand and secured a contract to offer legal representation to unaccompanied minors through the acacia center for justice.

$327Kprogram expense
02

Our academic programs serve young people aged 0-26 from underserved communities, offering vital support tailored to their needs. In 2024, our academics pillar continues to support students' confidence, study habits, and long-term academic SUCCESS.THROUGH our mentoring and student needs programs we addressed immediate and long-term…

$237Kprogram expense
03

Our academic programs serve young people aged 0-26 from underserved communities, offering vital support tailored to their needs. In 2024, our academics pillar continues to support students' confidence, study habits, and long-term academic SUCCESS.THROUGH our mentoring and student needs programs we addressed immediate and long-term…

$212Kprogram expense
04

We received recognition from the department of justice to provide free immigration legal services to low-income immigrant communities in late 2022. Our immigration legal services continued to expand and secured a contract to offer legal representation to unaccompanied minors through the acacia center for justice.

$83Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.0M
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.50
Program services81%$592K
Management & general50%$369K
Total functional expensesLn 25$731K

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.2M
Total liabilitiesLn 26$47K
Total net assetsLn 32$1.2M
Months of cash on handcomputed18.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $731K
18.4 months
Where the money goes
Program services
Program services $363K · Total expenses $731K
50%
Management & General
Management & general $369K · Total expenses $731K
50%
Fundraising
Fundraising $0 · Total expenses $731K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $775K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $1.0M
100%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $0 · Total revenue $1.0M
0%
Investment reliance
Investment income $0 · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $731K
0%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $775K
+35%
Revenue CAGR
FY2020 $374K · FY2024 $1.0M
+29%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year $835K
+38%
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $731K
+30%
Liabilities-to-Assets
Total liabilities $47K · Total assets $1.2M
4%
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Bethany M Thorne · Reported title Secretary · Highest reported compensation $90K · Total expenses $731K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $468K · Total expenses $731K
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 50%
Fundraising cost ratio 0%
Revenue growth 35%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 3%
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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

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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)$1.0M revenue · viewing · ⤓ 990 PDF
FY2023$775K revenue · ⤓ 990 PDF
FY2022$504K revenue · ⤓ 990 PDF
FY2021$651K revenue · ⤓ 990 PDF
FY2020$374K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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