Project 88 Foundation

Missouri City, TXUnknown exempt organization EIN 47-2066462Revenue $17K in FY2021Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSproject88.orgMissouri City, TX

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To connect underserved students to leadership development and educational opportunities.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-2066462) · Dispute this line
90¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
The latest return is for FY2021, 5 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $44K a year · 246% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $25K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$17K
-12% vs prior year
Spent
$63K
To programs
90%
Net assets
$0
By yearFY2020–FY2021
Revenue
$17K
FY2021▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$19K
FY2021$17K
Expenses
$63K
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$61K
FY2021$63K
Net assets
$0
FY2021▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$46K
FY2021$0

From the FY2021 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $57K Management & general 7% · $5K Fundraising 3% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Project 88 Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects underserved students to leadership and educational opportunities.

Questions for Project 88 Foundation

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Your first name shows with your question. Project 88 Foundation answers here, for everyone.

3 programs · $57K · in their own filed words · FY2021
01

Project Achieve

Project 88 provides wrap-around support for high-achieving students that are destined for the nation's top-tier colleges. Oftentimes, the financial obstacles that prevent students from matriculating to out-of-state colleges are modest.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-2066462) · Dispute this line
$25Kprogram expense
02

Project Advise

Project 88 sponsors certified Advise TX college advisors to serve in Houston area public high schools. Students that attend a school with a Project 88 sponsored advisor are 30% more likely to apply to a college or a university.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-2066462) · Dispute this line
$24Kprogram expense
03

Project Explore

At Project 88, we believe that college might not be the best option for everyone. Therefore, we sponsor career advisors through a program called BridgeYear, where advisors help guide recent high school graduates through career test drives, as well as connect students to advising for community college.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-2066462) · Dispute this line
$9Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$25K
Grants paid · 1 grant · $25K · 2020–2020
Advise TexasFY2020$25,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$17K
Ln 12
Gifts and grantsLn 1h$17K
Money outPt IX
$63K
Ln 25
Programscol B$57K
Managementcol C$5K
Fundraisingcol D$2K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Total revenueLn 12$17K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Total assetsLn 16$46K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$46K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38K$38K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$672$456$216
Information technologyLn 14$2K$234$477$2K
Other expenses (24a–d)Ln 24$18K$18K$0$0
All other expensesLn 24e$831$831
Total functional expensesLn 25$63K$57K$5K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS Oct 18, 2022 $17K$63K−$46K$0 990 PDF
FY2020Filed with the IRS Apr 16, 2021 $19K$61K−$41K$46K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $16,728 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,070$16,728
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $19,070$16,728
I-13 Grants and similar amounts paidPrior year $34,000$38,135
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,557$25,014
I-18 Total expensesPrior year $60,557$63,149
I-19 Revenue less expensesPrior year −$41,487−$46,421
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $16,728 across 3 lines filed
VIII-1f All other contributions, gifts and grants$16,728
VIII-1h Total contributions, gifts and grants$16,728
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$16,728
Part IX · Statement of functional expenses $63,149 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $38,135$38,135
IX-11c Accounting feesManagement $3,200$3,200
IX-13 Office expensesPrograms $456 · Management $216$672
IX-14 Information technologyPrograms $234 · Management $477 · Fundraising $1,740$2,451
IX-24 Other expenses (24a–d)Programs $17,860 · Management $0 · Fundraising $0$17,860
IX-24e All other expensesManagement $831$831
IX-25 Total functional expensesPrograms $56,685 · Management $4,724 · Fundraising $1,740$63,149
Part X · Balance sheet $0 assets, 6 lines filed
X-16 Total assetsStart of year $46,421$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $21,421$0
X-28 Net assets with donor restrictionsStart of year $25,000$0
X-32 Total net assets or fund balancesStart of year $46,421$0
X-33 Total liabilities and net assetsStart of year $46,421$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$16,728
XI-2 Total expenses$63,149
XI-3 Revenue less expenses−$46,421
XI-4 Net assets at start of year$46,421
XI-10 Net assets at end of year$0

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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