Project Alive EIN 46-4617970

Project Alive

EIN  46-4617970 Public foundation / grantmaker Davenport, FL Founded 2014
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds research and raises awareness to treat and cure Hunter Syndrome.
Leadership
Kristin McKay · President · $86K
Money in and out
$468K revenue, $849K expenses
Bottom line
77% program efficiency

Funds research and raises awareness to treat and cure Hunter Syndrome. For fiscal year 2025 it reported $468K in revenue, $849K in expenses, and $1.7M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$468K
Pt VIII · Ln 12
Total expenses
$849K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$381K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.12 Fundraising $0.11
Program efficiency
77%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
25.3mo
months of highly liquid reserves at operating expense rate▼ -15% vs prior filing year
Surplus margin
-81%
revenue over expenses, this year▲ +35% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$468K
FY2025▲ +15%
Expenses
$849K
FY2025▼ -7%
Total assets
$1.9M
FY2025▼ -19%
Total liabilities
$183K
FY2025▼ -27%
Total revenue
$468K
Pt VIII · Ln 12
Total expenses
$849K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$381K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $618K of program spending, described in the organization's own filed words · FY2025.
01

"n Person

The yearly family fair brings MPS ii families, the medicalcommunity, educators, and industry together to attend sessions onsubjects important to the community. Families have the opportunity to talk with industry partners, other support organizations, and meet other families who are affected by MPS ii.

$455Kprogram expense
02

Family Case Management

Receives community enrollment forms from families, makes contact with the enrolled family to discuss programs offered by project alive and assists in finding needed resources, I.E.-CLINICAL trial information, local support services, physician information, etc. This includes hunter health program.

$91Kprogram expense
03

Research Grants

Provides funding to support research in the hunter syndrome space that fills critical gaps in current knowledge across basic science, critical care and translational therapeutics to improve the lives of those affected with hunter syndrome and their families.

$72Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Alive
EINHdr · item D46-4617970
Principal addressHdr · item CDavenport, FL
WebsiteHdr · item Jwww.projectalive.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
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
President
$86,240Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristin McKay’s $86K as President is at the 78th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kristin McKay$86,240$82,870$74,750
Kim Stephens DBA$49,967$76,611

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 & grants$415K · 89%
Investment income$43K · 9%
Program service revenue$20K · 4%
Contributions & grants89%$415K
Investment income9%$43K
Program service revenue4%$20K
Total revenueLn 12$468K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.12 Fundraising $0.11
Program services77%$653K
Management & general12%$106K
Fundraising11%$90K
Total functional expensesLn 25$849K

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$1.9M
Total liabilitiesLn 26$183K
Total net assetsLn 32$1.7M
Months of cash on handcomputed19.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses (Pt IX) $849K · Less non-cash grants $15K · Cash operating expenses/yr $834K
25.3 months
Where the money goes
Program services
Program services $653K · Total expenses $849K
77%
Management & General
Management & general $106K · Total expenses $849K
12%
Fundraising
Fundraising $90K · Total expenses $849K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $64K · Solicited contributions (3-yr avg) $271K
$0.24 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $415K · Total revenue $468K
89%
Government reliance
Government grants — · Total revenue $468K
Earned-income share
Program service revenue $20K · Total revenue $468K
4%
Investment reliance
Investment income $43K · Total revenue $468K
+9%
Program self-sufficiency
Program service revenue $20K · Total expenses $849K
2%
Growth & trend
Revenue growth (YoY)
This year $468K · Prior year $407K
+15%
Revenue CAGR
FY2020 $316K · FY2025 $468K
+8%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $468K · Expenses $849K
-81%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.7M · Total assets $1.9M
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $418K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.9M
22%
People & payroll
Highest Reported Total Compensation
Individual Kristin McKay · Reported title PRESIDENT · Highest reported compensation $86K · Total expenses $849K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $314K · Total expenses $849K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 12%
Fundraising cost ratio 22%
Revenue growth 15%

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
See all 4 funders →
Grants paid · 8 grants · $405K · 2024–2025
National Mps Society INCNC · FY2025$31,931
Brianna Yund PHD Lp-University of MnFY2025$14,084
Unitemized GrantFY2025$13,644
Unc Children's Mps Research and Treatment ProgramVA · FY2024$206,811
Unitemized GrantFY2024$17,030
Unitemized GrantFY2024$14,084

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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)$468K revenue · viewing · ⤓ 990 PDF
FY2024$407K revenue · ⤓ 990 PDF
FY2023$302K revenue · ⤓ 990 PDF
FY2022$364K revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$316K 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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