Project 88 Foundation

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EIN 47-2066462 Unknown exempt organization Missouri City, TX
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2021
Revenue
$17K
FY2021▼ -12%
Expenses
$63K
FY2021▲ +4%

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Connects underserved students to leadership and educational opportunities. For fiscal year 2021 it reported $17K in revenue and $63K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Missouri City, TX
Website
www.project88.org
Filings
2 on file (2020–2021)
Revenue
$17KFY2021
Expenses
$63K
Net assets
$0
People
8
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Provided by the organization

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Size
<$100K
What they do
Connects underserved students to leadership and educational opportunities.
Leadership
Ericka Graham · President
Money in and out
$17K revenue, $63K expenses
Bottom line
-278% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

CRITICAL

No filing since FY2021 — 5 yrs

Most recent Form 990 on file is for fiscal year 2021 (5 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — The Robert and Janice McNair Foundation

1 distinct foundation funder(s) on file, $25K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

90% to programs

90% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↓ -12% vs prior year

Revenue band <$100K, -12% versus the prior filing year (down). See detail →

Reported financial activity · FY2021
Total revenue
$17K
Pt VIII · Ln 12
Total expenses
$63K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$46K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Surplus margin
-278%
revenue over expenses, this year▼ -28% vs prior filing year
Program spending
90%
of expenses reach programs▲ +1% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$0
FY2021▼ -100%
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19−$46K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CProject 88 Foundation
EINHdr · item D47-2066462
Principal addressHdr · item CMissouri City, TX
WebsiteHdr · item Jwww.project88.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

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 →

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Mission & Programs · Part III

Where the work happens

3 program services account for $57K of program spending, described in the organization's 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.

$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.

$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.

$9Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$17K
Total revenueLn 12$17K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program services90%$57K
Management & general7%$5K
Fundraising3%$2K
Total functional expensesLn 25$63K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $63K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $57K · Total expenses $63K
90%
Management & General
Management & general $5K · Total expenses $63K
7%
Fundraising
Fundraising $2K · Total expenses $63K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $2K · Solicited contributions (2-yr avg) $18K
$0.13 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $17K · Total revenue $17K
100%
Government reliance
Government grants — · Total revenue $17K
—
Earned-income share
Program service revenue $0 · Total revenue $17K
0%
Investment reliance
Investment income $0 · Total revenue $17K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $63K
0%
Growth & trend
Revenue growth (YoY)
This year $17K · Prior year $19K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17K · Expenses $63K
-278%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Ericka Graham · Reported title President · Highest reported compensation $0 · Total expenses $63K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $63K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 7%——
Fundraising cost ratio 10%——
Revenue growth -12%——
Accounting fee ratio 5%——

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

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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
FY2021 (Latest)$17K revenue · viewing · ⤓ 990 PDF
FY2020$19K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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