Project Koru EIN 42-1737854 Form 990 (PDF) Claim this org

Project Koru

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Helps cancer survivors heal and rebuild lives through outdoor adventures. For fiscal year 2024 it reported $383K in revenue, $327K in expenses, and $64K in net assets.Pt I

Type
Public charity (501(c)(3)) · Diseases & Disorders
Location
Hood River, OR
Website
www.projectkoru.org
Filings
5 on file (2020–2024)
Revenue
$383KFY2024
Expenses
$327K
Net assets
$64K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  42-1737854 Public charity (501(c)(3)) Hood River, OR
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps cancer survivors heal and rebuild lives through outdoor adventures.
Leadership
Angie Fields · President
Money in and out
$383K revenue, $327K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$383K
Pt VIII · Ln 12
Total expenses
$327K
Pt IX · Ln 25
Net assets
$64K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $56K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs▲ +113% vs prior filing year
Operating runway
4.0mo
months of highly liquid reserves at operating expense rate▲ +122% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +199% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$383K
FY2024▲ +16%
Expenses
$327K
FY2024▼ -14%
Total assets
$115K
FY2024▲ +89%
Total liabilities
$51K
FY2024▼ -7%
Total revenue
$383K
Pt VIII · Ln 12
Total expenses
$327K
Pt IX · Ln 25
Net assets
$64K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$56K
Total assetsPt X · Ln 16$115K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

2 program services account for $654K of program spending, described in the organization's own filed words · FY2024.
01

see additional data

$327Kprogram expense
02

see additional data

$327Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Koru
EINHdr · item D42-1737854
Principal addressHdr · item CHood River, OR
WebsiteHdr · item Jwww.projectkoru.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G123)
Ruling yearIRS BMFDec 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Project Koru executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$383K
Total revenueLn 12$383K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$327K
Total functional expensesLn 25$327K

Balance Sheet

Part X · end of year
CashLn 1$109K
Total assetsLn 16$115K
Total liabilitiesLn 26$51K
Total net assetsLn 32$64K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $109K · Operating expenses/yr $327K
4.0 months
Where the money goes
Program services
Program services $327K · Total expenses $327K
100%
Management & General
Management & general $0 · Total expenses $327K
0%
Fundraising
Fundraising $0 · Total expenses $327K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $39K · Solicited contributions (3-yr avg) $157K
$0.25 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $383K · Total revenue $383K
100%
Government reliance
Government grants $0 · Total revenue $383K
0%
Earned-income share
Program service revenue $0 · Total revenue $383K
0%
Investment reliance
Investment income $0 · Total revenue $383K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $327K
0%
Growth & trend
Revenue growth (YoY)
This year $383K · Prior year $331K
+16%
Revenue CAGR
FY2020 $133K · FY2024 $383K
+30%
Net-asset trend (YoY)
End of year $64K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $383K · Expenses $327K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $115K
Net-asset ratio
Net assets $64K · Total assets $115K
56%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $115K
0%
People & payroll
Highest Reported Total Compensation
Individual Angie Fields · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $327K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $149K · Total expenses $327K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 16%
Investment management fee ratio 0%
Legal fee ratio 0%
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 · FY2023
Total grants receivedfrom 2 funders$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
FY2024 (Latest)$383K revenue · viewing · ⤓ 990 PDF
FY2023$331K revenue · ⤓ 990 PDF
FY2022$386K revenue · ⤓ 990 PDF
FY2021$241K revenue · ⤓ 990 PDF
FY2020$133K 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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