Project Heart INC EIN 47-1597621

Project Heart INC FY2022 filing

Not yet claimed Claim this org →

Offers peer support groups and mentorship to build lasting relationships for those in recovery. For fiscal year 2022 it reported $224K in revenue, $184K in expenses, and $210K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Grass Valley, CA
Website
www.projectheart.net
Filings
5 on file (2020–2022)
Revenue
$224KFY2022
Expenses
$184K
Net assets
$210K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-1597621 Public charity (501(c)(3)) Grass Valley, CA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Project Heart INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Offers peer support groups and mentorship to build lasting relationships for those in recovery.
Leadership
Jennifer Hodges · Director
Money in and out
$224K revenue, $184K expenses
Bottom line
78% program efficiency
Where the money goes · FY2022
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$184K
Pt IX · Ln 25
Net assets
$210K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.21 Fundraising $0.01
Program efficiency
78%
of spending reaches programs
Operating runway
11.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$224K
FY2022▼ -0.8%
Expenses
$184K
FY2022▲ +43%
Total assets
$211K
FY2022▲ +24%
Total liabilities
$600
FY2022
Total revenue
$224K
Pt VIII · Ln 12
Total expenses
$184K
Pt IX · Ln 25
Net assets
$210K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$211K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $144K of program spending, described in the organization's own filed words · FY2022.
01

Provided men and women support groups, special events, and community service opportunities, with the focus on building trusting life long relationships that support an atmosphere that is safe, moral, ethical, and legal. Provided support for those in crisis needing counseling, treatment, and employment.

$144Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Heart INC
EINHdr · item D47-1597621
Principal addressHdr · item CGrass Valley, CA
WebsiteHdr · item Jwww.projectheart.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P50)
Ruling yearIRS BMFDec 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Jan Spreier’s $2K as Secretary is at the 1st percentile of top reported officer pay among 2165 $100K–1M human services 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.

See Project Heart INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants100%$224K
— government grantsLn 1e$210K
Total revenueLn 12$224K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.21 Fundraising $0.01
Program services78%$144K
Management & general21%$39K
Fundraising1%$2K
Total functional expensesLn 25$184K

Balance Sheet

Part X · end of year
CashLn 1$182K
Total assetsLn 16$211K
Total liabilitiesLn 26$600
Total net assetsLn 32$210K
Months of cash on handcomputed11.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $182K · Operating expenses/yr $184K
11.8 months
Where the money goes
Program services
Program services $144K · Total expenses $184K
78%
Management & General
Management & general $39K · Total expenses $184K
21%
Fundraising
Fundraising $2K · Total expenses $184K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $634 · Solicited contributions (3-yr avg) $11K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $224K · Total revenue $224K
100%
Government reliance
Government grants $210K · Total revenue $224K
94%
Earned-income share
Program service revenue $0 · Total revenue $224K
0%
Investment reliance
Investment income $0 · Total revenue $224K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $184K
0%
Growth & trend
Revenue growth (YoY)
This year $224K · Prior year $226K
-0.8%
Net-asset trend (YoY)
End of year $210K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $224K · Expenses $184K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $211K
Net-asset ratio
Net assets $210K · Total assets $211K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $211K
0%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Hodges · Reported title Director · Highest reported compensation $0 · Total expenses $184K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $101K · Total expenses $184K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 21%
Fundraising cost ratio 0.8%
Revenue growth -0.8%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.6%
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
Total grants receivedfrom 1 funder$20K

Similar Organizations

Closest in mission — by what they do
See all organizations like Project Heart INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$301K revenue · ⤓ 990 PDF
FY2023$143K revenue · ⤓ 990 PDF
FY2022$224K revenue · viewing · ⤓ 990 PDF
FY2021$226K revenue · ⤓ 990 PDF
FY2020$41K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.