Project Education Plus EIN 36-3081102 Form 990 (PDF) Claim this org

Project Education Plus FY2022 filing

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Guides youth to use academic, arts, tech, and athletic opportunities for a successful, self-sufficient life. For fiscal year 2022 it reported $233K in revenue, $232K in expenses, and $6K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Chicago, IL
Website
www.projecteducationplus.org
Filings
5 on file (2021–2022)
Revenue
$233KFY2022
Expenses
$232K
Net assets
$6K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3081102 Public charity (501(c)(3)) Chicago, IL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Guides youth to use academic, arts, tech, and athletic opportunities for a successful, self-sufficient life.
Leadership
David Gates · President
Money in and out
$233K revenue, $232K expenses
Bottom line
71% program efficiency
Where the money goes · FY2022
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$232K
Pt IX · Ln 25
Net assets
$6K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$233K
FY2022▼ -21%
Expenses
$232K
FY2022▼ -22%
Total assets
$6K
FY2022▼ -86%
Total liabilities
$0
FY2022▼ -100%
Total revenue
$233K
Pt VIII · Ln 12
Total expenses
$232K
Pt IX · Ln 25
Net assets
$6K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1K
Total assetsPt X · Ln 16$6K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $151K of program spending, described in the organization's own filed words · FY2021.
01

The Chicago Demons Basketball Program provides organized teams for boys and girls in Grades 1-12. The youth have weekly mentoring sessions, workouts, practices, camps, and clinics. Team development, skill training, and sportsmanship are stressed.

$89Kprogram expense
02

The PEP Academy Program provides STEM, literacy, and mentoring for particiapants in Grades 1-12. Programming is after-school during the traditional school year. We have an extended day eight-week summer program to close the learning gap during that time. Our high school participants are directed on a path toward college or careers.

$44Kprogram expense
03

The Maryann Donlon Senior Citizen Program provides social, recreational, and tech activities for low- and fixed- income seniors and adults in the community. The program includes field trips and cultural events. We provide seminars, for health, safety, utilitiy management, and other life skills.

$18Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Education Plus
EINHdr · item D36-3081102
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.projecteducationplus.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B9XZ)
Ruling yearIRS BMFJun 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Project Education Plus executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$154K · 66%
Other revenue$66K · 28%
Program service revenue$13K · 6%
Contributions & grants66%$154K
Other revenue28%$66K
Program service revenue6%$13K
— government grantsLn 1e$32
Total revenueLn 12$233K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$165K
Management & general29%$67K
Total functional expensesLn 25$232K

Balance Sheet

Part X · end of year
CashLn 1$6K
Total assetsLn 16$6K
Total liabilitiesLn 26$0
Total net assetsLn 32$6K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6K · Operating expenses/yr $232K
0.3 months
Where the money goes
Program services
Program services $165K · Total expenses $232K
71%
Management & General
Management & general $67K · Total expenses $232K
29%
Fundraising
Fundraising $0 · Total expenses $232K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $223K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $154K · Total revenue $233K
66%
Government reliance
Government grants $32 · Total revenue $233K
0.01%
Earned-income share
Program service revenue $13K · Total revenue $233K
6%
Investment reliance
Investment income $0 · Total revenue $233K
0%
Program self-sufficiency
Program service revenue $13K · Total expenses $232K
6%
Growth & trend
Revenue growth (YoY)
This year $233K · Prior year $296K
-21%
Net-asset trend (YoY)
End of year $6K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $233K · Expenses $232K
+0.6%
Liabilities-to-Assets
Total liabilities — · Total assets $6K
Net-asset ratio
Net assets $6K · Total assets $6K
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) $6K
0%
People & payroll
Highest Reported Total Compensation
Individual David Gates · Reported title President · Highest reported compensation $0 · Total expenses $232K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2K · Total expenses $232K
0.9%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth -21%

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 10 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
FY2025 (Latest)$176K revenue · ⤓ 990 PDF
FY2024$503K revenue · ⤓ 990 PDF
FY2023$363K revenue · ⤓ 990 PDF
FY2022$233K revenue · viewing · ⤓ 990 PDF
FY2021$296K 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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