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Inneract Project INC EIN 46-4900574

Inneract Project INC

EIN  46-4900574 Public charity (501(c)(3)) San Francisco, CA
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Size
$100K–1M
What they do
Teaches design skills to underserved students, connecting them to college, career, and life opportunities.
Leadership
Ada Barbie Penn · Program Manager · $116K
Money in and out
$278K revenue, $819K expenses
Bottom line
67% program efficiency

Teaches design skills to underserved students, connecting them to college, career, and life opportunities. For fiscal year 2024 it reported $278K in revenue, $819K in expenses, and $267K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$278K
Pt VIII · Ln 12
Total expenses
$819K
Pt IX · Ln 25
Net assets
$267K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$541K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.15 Fundraising $0.18
Program efficiency
67%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate▼ -84% vs prior filing year
Surplus margin
-195%
revenue over expenses, this year▼ -663% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$278K
FY2024▼ -55%
Expenses
$819K
FY2024▲ +6%
Total assets
$297K
FY2024▼ -64%
Total liabilities
$30K
FY2024▲ +6%
Total revenue
$278K
Pt VIII · Ln 12
Total expenses
$819K
Pt IX · Ln 25
Net assets
$267K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$541K
Total assetsPt X · Ln 16$297K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $552K of program spending, described in the organization's own filed words · FY2024.
01

IPs vision is to create a more diverse community of designers by enabling underserved youth to access the skills, resources and opportunities necessary to learn about and work in the field.

$552Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInneract Project INC
EINHdr · item D46-4900574
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.inneractproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFFeb 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
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
Ada Barbie Penn
Program Manager
$116,388Pt VII · Sec A
Alondra Maciel
Prog. Cordi.
$84,154Pt VII · Sec A
Maurice Woods
Executive Dir.
$20,000Pt VII · Sec A
Chris Heimbuch
Board Member
$0Pt VII · Sec A
Maria Guidice
Board Member
$0Pt VII · Sec A

Ada Barbie Penn’s $116K as Program Manager is at the 93rd percentile of top reported officer pay among 1984 $100K–1M youth development 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ada Barbie Penn$116,388—$112,228$80,000$76,667
Josephine Lee——$28,532$108,000$100,000
Alondra Maciel$84,154————
Maurice Woods$20,000$20,000$20,000$15,000$19,250

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$155K · 56%
Program service revenue$120K · 43%
Investment income$3K · 1%
Contributions & grants56%$155K
Program service revenue43%$120K
Investment income1%$3K
Other revenue$200
Total revenueLn 12$278K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.15 Fundraising $0.18
Program services67%$552K
Management & general15%$122K
Fundraising18%$145K
Total functional expensesLn 25$819K

Balance Sheet

Part X · end of year
CashLn 1$144K
Total assetsLn 16$297K
Total liabilitiesLn 26$30K
Total net assetsLn 32$267K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $144K · Operating expenses/yr $819K
2.1 months
Where the money goes
Program services
Program services $552K · Total expenses $819K
67%
Management & General
Management & general $122K · Total expenses $819K
15%
Fundraising
Fundraising $145K · Total expenses $819K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $122K · Solicited contributions (3-yr avg) $439K
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $155K · Total revenue $278K
56%
Government reliance
Government grants — · Total revenue $278K
—
Earned-income share
Program service revenue $120K · Total revenue $278K
43%
Investment reliance
Investment income $3K · Total revenue $278K
+1%
Program self-sufficiency
Program service revenue $120K · Total expenses $819K
15%
Growth & trend
Revenue growth (YoY)
This year $278K · Prior year $616K
-55%
Revenue CAGR
FY2020 $625K · FY2024 $278K
-18%
Net-asset trend (YoY)
End of year $267K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $278K · Expenses $819K
-195%
Liabilities-to-Assets
Total liabilities — · Total assets $297K
—
Net-asset ratio
Net assets $267K · Total assets $297K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $297K
0%
People & payroll
Highest Reported Total Compensation
Individual Ada Barbie Penn · Reported title Program Manager · Highest reported compensation $116K · Total expenses $819K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $377K · Total expenses $819K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 15%——
Fundraising cost ratio 94%——
Revenue growth -55%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
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 · FY2024
American Online Giving Foundation INCFY2024$23K
Laiglon FundFY2024$2K
Total grants receivedfrom 2 funders$25K

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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)$278K revenue · viewing · ⤓ 990 PDF
FY2023$616K revenue · ⤓ 990 PDF
FY2022$905K revenue · ⤓ 990 PDF
FY2021$641K revenue · ⤓ 990 PDF
FY2020$625K 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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