Side Project INC EIN 46-0769403 Form 990 (PDF) Claim this org

Side Project INC FY2021 filing

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Incubates and develops grassroots projects to promote social justice and change. For fiscal year 2021 it reported $388K in revenue, $419K in expenses, and $275K in net assets.Pt I

Type
Public charity (501(c)(3)) · Crime & Legal
Location
West Palm Bch, FL
Website
dosomeorganizing.org
Filings
5 on file (2020–2021)
Revenue
$388KFY2021
Expenses
$419K
Net assets
$275K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-0769403 Public charity (501(c)(3)) West Palm Bch, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Incubates and develops grassroots projects to promote social justice and change.
Leadership
Jeffrey Fromknecht · CEO · $39K
Money in and out
$388K revenue, $419K expenses
Bottom line
88% program efficiency
Where the money goes · FY2021
Total revenue
$388K
Pt VIII · Ln 12
Total expenses
$419K
Pt IX · Ln 25
Net assets
$275K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$31K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.08 Fundraising $0.04
Program efficiency
88%
of spending reaches programs
Operating runway
8.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$388K
FY2021▼ -29%
Expenses
$419K
FY2021▼ -1.0%
Total assets
$298K
FY2021▼ -9%
Total liabilities
$23K
FY2021▲ +7%
Total revenue
$388K
Pt VIII · Ln 12
Total expenses
$419K
Pt IX · Ln 25
Net assets
$275K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$31K
Total assetsPt X · Ln 16$298K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSide Project INC
EINHdr · item D46-0769403
Principal addressHdr · item CWest Palm Bch, FL
WebsiteHdr · item Jdosomeorganizing.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I19)
Ruling yearIRS BMFJan 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b10
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$39,497Pt VII · Sec A
$12,263Pt VII · Sec A
Treasurer/Cf
$969Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A
Board of Dir
$0Pt VII · Sec A

Arwen Lavengood Davis’s $10K as Secretary, Board of Directors & COO is at the 3rd percentile of top reported officer pay among 1398 $100K–1M crime & legal 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jeffrey Fromknecht$28,234$39,497
Jeffrey Fromknecht$2,700$7,813$38,894
Arwen Davis$12,263
Arwen Lavengood Davis$12,101
Arwen Lavengood Davis$10,000$9,188
Arwen Davis$4,575
David Brown$1,056$969
David Brown$588

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

1 program service account for $371K of program spending, described in the organization's own filed words · FY2021.
01

To promote social justice and social change by incubating and developing grassroots projects.

$371Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$294K · 76%
Program service revenue$60K · 15%
Other revenue$34K · 9%
Contributions & grants76%$294K
Program service revenue15%$60K
Other revenue9%$34K
Total revenueLn 12$388K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.08 Fundraising $0.04
Program services88%$371K
Management & general8%$32K
Fundraising4%$16K
Total functional expensesLn 25$419K

Balance Sheet

Part X · end of year
CashLn 1$298K
Total assetsLn 16$298K
Total liabilitiesLn 26$23K
Total net assetsLn 32$275K
Months of cash on handcomputed8.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $298K · Operating expenses/yr $419K
8.5 months
Where the money goes
Program services
Program services $371K · Total expenses $419K
88%
Management & General
Management & general $32K · Total expenses $419K
8%
Fundraising
Fundraising $16K · Total expenses $419K
4%
Cost to raise $1
Fundraising expense (2-yr avg) $16K · Solicited contributions (2-yr avg) $384K
$0.04 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $294K · Total revenue $388K
76%
Government reliance
Government grants — · Total revenue $388K
Earned-income share
Program service revenue $60K · Total revenue $388K
15%
Investment reliance
Investment income $0 · Total revenue $388K
0%
Program self-sufficiency
Program service revenue $60K · Total expenses $419K
14%
Growth & trend
Revenue growth (YoY)
This year $388K · Prior year $548K
-29%
Net-asset trend (YoY)
End of year $275K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $388K · Expenses $419K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $298K
Net-asset ratio
Net assets $275K · Total assets $298K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $298K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeffrey Fromknecht · Reported title CEO · Highest reported compensation $39K · Total expenses $419K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $62K · Total expenses $419K
15%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 8%
Fundraising cost ratio 5%
Revenue growth -29%
Legal fee ratio 9%

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 · FY2023
Group ReturnFY2023$15K
Total grants receivedfrom 3 funders$48K
See all 3 funders →
Grants paid · 5 grants · $250K · 2020–2022
Black Womens AgendaDC · FY2022$50,000
Unitemized GrantFY2022$12,944
Public Good ProjectsNY · FY2021$95,789
Open Up PittsburghPA · FY2020$73,341

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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)$147K revenue · ⤓ 990 PDF
FY2023$184K revenue · ⤓ 990 PDF
FY2022$226K revenue · ⤓ 990 PDF
FY2021$388K revenue · viewing · ⤓ 990 PDF
FY2020$548K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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