Project 418 INC FY2020 filing

Public charity (501(c)(3)) Chelsea, MI EIN 47-1620550 NTEE Q33
Revenue
$60K
FY2020 · Pt VIII · Ln 12
Expenses
Not filed
Net assets
$112
FY2020 · Pt X · Ln 32
To programs
Not filed
Revenue & expenses by yearFY2020–FY2022
Revenue
$60K
FY2020

An international affairs nonprofit based in Chelsea, MI.

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Tax-deductible?
No — IRS exemption revoked
On the IRS revocation list.
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Can I give now?
No — exemption revoked (2026-05-15)
On the IRS revocation list.
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Filing up to date?
Last filed FY2022 — 4 yrs ago
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Foundation funders?
2 funders, incl. Donor Advised Charitable Giving INC
$13K in the latest grant year.
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Spent on programs?
Not on file
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Size and trend
<$100K
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IRS revoked this organization's tax-exempt status on May 15, 2026

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


An international affairs nonprofit based in Chelsea, MI.

Type
Public charity (501(c)(3)) · International
Location
Chelsea, MI
Website
www.project-418.org
Filings
3 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →
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Provided by the organization

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Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.2%
revenue over expenses, this year
Donor-funded
100%
of revenue is gifts & grants

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Summary of the Filing

Part I · fiscal year 2020 · Form 990-EZ
Revenue less expensesPt I · Ln 19—
Total assetsPt X · Ln 16—
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CProject 418 INC
EINHdr · item D47-1620550
Principal addressHdr · item CChelsea, MI
WebsiteHdr · item Jwww.project-418.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item IRevoked
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFMar 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue100%$60K
Total revenueLn 12$60K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16—
Total liabilitiesLn 26—
Total net assetsLn 32$112

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $112 · Operating expenses/yr $60K
0.0 months
Where the money goes
Program services
not reported
Management & General
not reported
Fundraising
not reported
Cost to raise $1
not reported
Where the money comes from
Contribution dependence
Contributions & grants $60K · Total revenue $60K
100%
Government reliance
not reported
Earned-income share
Program service revenue — · Total revenue $60K
—
Investment reliance
Investment income — · Total revenue $60K
—
Program self-sufficiency
Program service revenue — · Total expenses $60K
Rests on the self-reported EZ program figure
Growth & trend
Revenue growth (YoY)
This year $60K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $112 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $60K · Expenses $60K
+0.2%
Liabilities-to-Assets
Total liabilities — · Total assets $112
—
Net-asset ratio
Net assets $112 · Total assets $112
100%
People & payroll
Highest Reported Total Compensation
Individual Susan Povlich · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $60K
0%
Personnel share
Salaries & benefits — · Total expenses $60K
Form 990-EZ bundles compensation — not comparable to full-990 filers

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. Peer cohort: .

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$13K

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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
FY2022 (Latest)$79K revenue · ⤓ 990 PDF
FY2021$99K revenue · ⤓ 990 PDF
FY2020$60K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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