Project Real EIN 43-2074467

Project Real

EIN  43-2074467 Public charity (501(c)(3)) Las Vegas, NV
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides resources and support for community development and well-being.
Leadership
Michael Kamer · Secretary & Executive Director · $93K
Money in and out
$178K revenue, $295K expenses
Bottom line
77% program efficiency

Provides resources and support for community development and well-being. For fiscal year 2025 it reported $178K in revenue, $295K in expenses, and $-72K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$178K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$-72K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$117K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs▼ -13% vs prior filing year
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
-66%
revenue over expenses, this year▼ -329% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$178K
FY2025▼ -53%
Expenses
$295K
FY2025▲ +10%
Total assets
$95K
FY2025▼ -59%
Total liabilities
$167K
FY2025▼ -11%
Total revenue
$178K
Pt VIII · Ln 12
Total expenses
$295K
Pt IX · Ln 25
Net assets
$-72K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$117K
Total assetsPt X · Ln 16$95K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $227K of program spending, described in the organization's own filed words · FY2024.
01

Established in 2005, we've impacted over 235,000 young individuals in Nevada. All of our resources and experiences are provided for free to the schools, families, and students of Nevada that we serve.The only program - The SEP - served 14,354 people with at least 43,297 hours of service.

$227Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Real
EINHdr · item D43-2074467
Principal addressHdr · item CLas Vegas, NV
WebsiteHdr · item Jwww.projectrealnv.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFSocial Science (V26)
Ruling yearIRS BMFMar 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Secretary & Executive Director
$92,587Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Michael Kamer’s $93K as Secretary & Executive Director is at the 60th percentile of top reported officer pay among 156 $100K–1M social science 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tom Kovach$108,000$108,000$194,000
Thomas Kovach$101,000
Michael Kamer$92,587
Michael Kamer 8123 - 63024$70,958
Thomas Kovach 71 - 71523$47,775

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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Statement of Revenue

Part VIII
Contributions & grants100%$178K
Investment income$2
— government grantsLn 1e$121K
Total revenueLn 12$178K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$227K
Management & general23%$69K
Total functional expensesLn 25$295K

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$95K
Total liabilitiesLn 26$167K
Total net assetsLn 32$-72K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14K · Operating expenses/yr $295K
0.6 months
Where the money goes
Program services
Program services $227K · Total expenses $295K
77%
Management & General
Management & general $69K · Total expenses $295K
23%
Fundraising
Fundraising $0 · Total expenses $295K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $312 · Solicited contributions (3-yr avg) $101K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $178K · Total revenue $178K
100%
Government reliance
Government grants $121K · Total revenue $178K
68%
Earned-income share
Program service revenue $0 · Total revenue $178K
0%
Investment reliance
Investment income $2 · Total revenue $178K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $295K
0%
Growth & trend
Revenue growth (YoY)
This year $178K · Prior year $378K
-53%
Revenue CAGR
FY2018 $253K · FY2024 $178K
-6%
Net-asset trend (YoY)
End of year $-72K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $178K · Expenses $295K
-66%
Liabilities-to-Assets
Total liabilities — · Total assets $95K
Net-asset ratio
Net assets $-72K · Total assets $95K
-76%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $95K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael Kamer · Reported title Secretary & Executive Director · Highest reported compensation $93K · Total expenses $295K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $131K · Total expenses $295K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Fundraising cost ratio 0%
Revenue growth -53%
Accounting fee ratio 10%

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
Total grants receivedfrom 3 funders$40K
See all 3 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)$178K revenue · viewing · ⤓ 990 PDF
FY2024$378K revenue · ⤓ 990 PDF
FY2023$354K revenue · ⤓ 990 PDF
FY2022$410K revenue · ⤓ 990 PDF
FY2021$234K revenue · ⤓ 990 PDF
FY2020$215K revenue · ⤓ 990 PDF
FY2019$253K 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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