Projectcurate EIN 47-3395538

Projectcurate

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Builds community and understanding around race and religion through research and engagement. For fiscal year 2024 it reported $172K in revenue, $201K in expenses, and $30K in net assets.Pt I

Type
Religious organization · Religion
Location
Houston, TX
Website
www.projectcurate.org
Filings
5 on file (2020–2024)
Revenue
$172KFY2024
Expenses
$201K
Net assets
$30K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-3395538 Religious organization Houston, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds community and understanding around race and religion through research and engagement.
Leadership
Matthew H Russell · Chairman of the Board · $54K
Money in and out
$172K revenue, $201K expenses
Bottom line
64% program efficiency
Where the money goes · FY2024
Total revenue
$172K
Pt VIII · Ln 12
Total expenses
$201K
Pt IX · Ln 25
Net assets
$30K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$29K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.35 Fundraising $0.01
Program efficiency
64%
of spending reaches programs▲ +7% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▲ +36% vs prior filing year
Surplus margin
-17%
revenue over expenses, this year▼ -293% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$172K
FY2024▼ -69%
Expenses
$201K
FY2024▼ -60%
Total assets
$31K
FY2024▼ -48%
Total liabilities
$1K
FY2024▼ -43%
Total revenue
$172K
Pt VIII · Ln 12
Total expenses
$201K
Pt IX · Ln 25
Net assets
$30K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$29K
Total assetsPt X · Ln 16$31K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $129K of program spending, described in the organization's own filed words · FY2024.
01

Project Curate is formed to help train individuals and communities understand and respond to underlying systemic issues related to urban living. This is done through group interaction, education,workshops and seminars.Experts in the field of Sociology,Religion,and Race, Contextual Theology and Human Development teach, train and develop…

$129Kprogram expense
02

Mutual Relief Program

Provide financial assistance for rent, utilities and other basic needs for underserved persons, including those adversely affected by the Covid-19 pandemic.

Pt IX · col B
03

ImagiNoir/BLMHTX, a collective of academic researchers, activists, artists, religious leaders, and community organizers that aims to educate, empower, and build coalition in order to strengthen black communities and address issues that impact black lives is the city of Houston.

$-57program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProjectcurate
EINHdr · item D47-3395538
Principal addressHdr · item CHouston, TX
WebsiteHdr · item Jwww.projectcurate.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X80)
Ruling yearIRS BMFOct 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman of the Board
$53,542Pt VII · Sec A
Co-Managing Director
$22,904Pt VII · Sec A
Vice President and Treasurer
$0Pt VII · Sec A
Vice President and Secretary
$0Pt VII · Sec A
Vice President and Assistant Secretary
$0Pt VII · Sec A

Matthew H Russell’s $54K as Chairman of the Board is at the 55th percentile of top reported officer pay among 2136 $100K–1M religion 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Matthew H Russell$53,542$66,167$66,167$66,167$66,167
Cleve Tinsley$22,904

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 & grants100%$172K
Program service revenue$168
Total revenueLn 12$172K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.35 Fundraising $0.01
Program services64%$129K
Management & general35%$70K
Fundraising1%$2K
Total functional expensesLn 25$201K

Balance Sheet

Part X · end of year
CashLn 1$31K
Total assetsLn 16$31K
Total liabilitiesLn 26$1K
Total net assetsLn 32$30K
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $31K · Operating expenses/yr $201K
1.9 months
Where the money goes
Program services
Program services $129K · Total expenses $201K
64%
Management & General
Management & general $70K · Total expenses $201K
35%
Fundraising
Fundraising $2K · Total expenses $201K
0.8%
Cost to raise $1
Fundraising expense (3-yr avg) $868 · Solicited contributions (3-yr avg) $295K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $172K · Total revenue $172K
100%
Government reliance
Government grants — · Total revenue $172K
Earned-income share
Program service revenue $168 · Total revenue $172K
0.10%
Investment reliance
Investment income $0 · Total revenue $172K
0%
Program self-sufficiency
Program service revenue $168 · Total expenses $201K
0.08%
Growth & trend
Revenue growth (YoY)
This year $172K · Prior year $554K
-69%
Revenue CAGR
FY2020 $515K · FY2024 $172K
-24%
Net-asset trend (YoY)
End of year $30K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $172K · Expenses $201K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $31K
Net-asset ratio
Net assets $30K · Total assets $31K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $31K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matthew H Russell · Reported title Chairman of the Board · Highest reported compensation $54K · Total expenses $201K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $89K · Total expenses $201K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 64%
Overhead ratio 35%
Fundraising cost ratio 1.0%
Revenue growth -69%
Accounting fee ratio 3%

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 · FY2023
Total grants receivedfrom 1 funder$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)$172K revenue · viewing · ⤓ 990 PDF
FY2023$554K revenue · ⤓ 990 PDF
FY2022$194K revenue · ⤓ 990 PDF
FY2021$721K revenue · ⤓ 990 PDF
FY2020$515K 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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