Projects INC EIN 35-2183570

Projects INC FY2022 filing

EIN  35-2183570 Supporting organization Bucyrus, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports community projects and the Crawford County Community Foundation.
Leadership
Dave Dotson · Trustee
Money in and out
$155K revenue, $249K expenses
Bottom line
-61% net inflow

Supports community projects and the Crawford County Community Foundation. For fiscal year 2022 it reported $155K in revenue, $249K in expenses, and $593K in net assets.Pt I

Money in and out · FY2022
Total revenue
$155K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$593K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$94K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Net inflow
-61%
revenue over expenses, this year
Pass-through gifts
119%
of revenue from contributions
Program spending
96%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$155K
FY2022▼ -38%
Expenses
$249K
FY2022▲ +19%
Total assets
$593K
FY2022▼ -14%
Total liabilities
$0
FY2022
Total revenue
$155K
Pt VIII · Ln 12
Total expenses
$249K
Pt IX · Ln 25
Net assets
$593K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$94K
Total assetsPt X · Ln 16$593K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $239K of program spending, described in the organization's own filed words · FY2022.
01

Expenses incurred to operate and maintain projects such as; bucyrus beautification, crawford county fairground trees, bucyrus trees, crestline community enhancement, crestline youth sports, leap of CC, crawford county arts council, and new washington veterans memorial park fund

$227Kprogram expense
02

Expenses incurred to operate and maintain harvey school. Harvey school is a one room schoolhouse that allows visitors to experience the past through school fields trips, community group tours and community events.

$8Kprogram expense
03

Expenses incurred to maintain millennium park with its fountain on the bucyrus square as well as two bucyrus murals: the great american crossroads mural and liberty remembers our veterans mural.

$4Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProjects INC
EINHdr · item D35-2183570
Principal addressHdr · item CBucyrus, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C99)
Ruling yearIRS BMFJun 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants119%$185K
Investment income$756
Total revenueLn 12$155K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$239K
Management & general4%$9K
Total functional expensesLn 25$249K

Balance Sheet

Part X · end of year
CashLn 1$87K
Total assetsLn 16$593K
Total liabilitiesLn 26$0
Total net assetsLn 32$593K
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $87K · Operating expenses/yr $249K
4.2 months
Where the money goes
Program services
Program services $239K · Total expenses $249K
96%
Management & General
Management & general $9K · Total expenses $249K
4%
Fundraising
Fundraising $0 · Total expenses $249K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $187K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $185K · Total revenue $155K
119%
Government reliance
Government grants — · Total revenue $155K
Earned-income share
Program service revenue $0 · Total revenue $155K
0%
Investment reliance
Investment income $756 · Total revenue $155K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $249K
0%
Growth & trend
Revenue growth (YoY)
This year $155K · Prior year $249K
-38%
Net-asset trend (YoY)
End of year $593K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $155K · Expenses $249K
-61%
Liabilities-to-Assets
Total liabilities — · Total assets $593K
Net-asset ratio
Net assets $593K · Total assets $593K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $593K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dave Dotson · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $249K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $249K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -38%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$34K
Grants paid · 8 grants · $226K · 2021–2022
Crestline Athletic BoostersOH · FY2022$46,600
Bucyrus BicentennialFY2022$18,897
Popcorn WagonFY2022$9,687
Safety TownVA · FY2022$6,676
Johnny AppleseedFY2022$6,493
The Community Foundation for CcFY2021$20,000

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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)$148K revenue · ⤓ 990 PDF
FY2023$256K revenue · ⤓ 990 PDF
FY2022$155K revenue · viewing · ⤓ 990 PDF
FY2021$249K revenue · ⤓ 990 PDF
FY2020$124K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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