Project Pneuma INC FY2022 filing

Tax-deductible

Baltimore, MD501(c)(3)Youth DevelopmentEIN 47-3524536Revenue $791K in FY2022

On file with the IRS25 W Fayette St 6th Floor, 21201-3702 · Baltimore, MDTax-exempt since Aug 2017Publicly supported — 509(a)(2)

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To breathe new life holistically into the young men we serve by challenging them intellectually, strengthening them physically, nuturing them emotionally and uplifting them spiritually.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$258K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $95K a year · 9% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$258K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$41K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$791K
-51% vs prior year
Spent
$1.6M
To programs
60%
Net assets
$184K
By yearFY2020–FY2023
Revenue
$791K
FY2022▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2020$723K
FY2021$1.6M
FY2022$791K
FY2023$1.3M
Expenses
$1.6M
FY2022▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2020$825K
FY2021$1.1M
FY2022$1.6M
FY2023$1.3M
Net assets
$184K
FY2022▼ -80%
Tap a bar for its year
Net assets by fiscal year
FY2020$266K
FY2021$900K
FY2022$184K
FY2023$163K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Aug 2017.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $944K Management & general 40% · $618K

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

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Who runs it and what they're paid

15 people listed on the 990; $258K paid to officers and key staff.

Part VII, Section A · reportable compensation
Founder and Executive Director
$134,825Pt VII · Sec A
Chief Operating Officer
$122,775Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Damion Cooper’s $142K as Founder and Executive Director is at the 60th percentile of top reported officer pay among 1552 $1–10M youth development 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 · 5 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Damion Cooper$141,714$134,825$132,825$130,087
Damien Myers——$121,275$140,100
Dr Damien Myers—$122,775——
Carolyn Mozell$72,692———
Denzell Walker——$70,000$71,596

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers young men intellectually, physically, emotionally, and spiritually for a holistic transformation.

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Provided by the organization

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2 programs · $944K · in their own filed words · FY2022
01

School-Year Program

Traditional programming for boys in grades 4-8 that focused on helping participants with their social-emotional growth and maturity via classroom activities, support with homework, martial arts, physical fitness, art therapy, sound therapy, conflict resolution, and public speaking.

$854Kprogram expense
02

Summer Program

Summer credit recovery program implemented by baltimore city public schools. We provided sel services that largely mirrored our traditional afterschool programming for 6 weeks (monday-thursday) at MT royal elementary-middle school. Both girls and boys in grades 6-8 participated in this summer program.

$90Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$791K
Ln 12
Fees for servicesLn 2g$490K
Gifts and grantsLn 1h$301K
Money outPt IX
$1.6M
Ln 25
Programscol B$944K
Managementcol C$618K
Owns and owesPt X
$184K
net assets · Ln 32
Cash and savingsLn 1–2$177K
Total assetsLn 16$226K
LiabilitiesLn 26$41K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$301K
Fees for servicesLn 2g$490K
Total revenueLn 12$791K
Assets in detailPt X, end of year
CashLn 1$177K
Cash and savings togetherLn 1–2$177K
Land, buildings, equipmentLn 10c$30K
Total assetsLn 16$226K
LiabilitiesLn 26$41K
Net assetsLn 32$184K
OperationsPt I, VI
EmployeesI 513
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$560K$177K
Land, buildings, equipmentLn 10c$43K$30K
Total assetsLn 16$918K$226K
LiabilitiesLn 26$17K$41K
Net assetsLn 32$900K$184K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$258K$172K$86K
Other salaries and wagesLn 7$508K$338K$170K
Other employee benefitsLn 9$89K$16K$73K
Payroll taxesLn 10$71K$41K$30K
Accounting feesLn 11c$30K$13K$17K
Other fees for servicesLn 11g$221K$186K$35K
Advertising and promotionLn 12$175K$52K$123K
Office expensesLn 13$33K$16K$17K
OccupancyLn 16$14K$11K$3K
Depreciation, depletion and amortizationLn 22$11K$8K$3K
InsuranceLn 23$1K$150$1K
Other expenses (24a–d)Ln 24$145K$90K$56K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$1.6M$944K$618K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $1.3M$1.3M−$21K$163K 990 PDF
FY2022 Viewing $791K$1.6M−$771K$184K 990 PDF
FY2021 $1.6M$1.1M$516K$900K 990 PDF
FY2020 $723K$825K−$102K$266K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $791,321 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $316,196$301,041
I-9 Program service revenuePrior year $1,295,535$490,280
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,611,731$791,321
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $615,449$925,751
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $480,460$636,161
I-18 Total expensesPrior year $1,095,909$1,561,912
I-19 Revenue less expensesPrior year $515,822−$770,591
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $791,321 across 4 lines filed
VIII-1f All other contributions, gifts and grants$301,041
VIII-1h Total contributions, gifts and grants$301,041
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $490,280$490,280
VIII-12 Total revenueRelated to mission $490,280 · Unrelated business $0 · Excluded from tax $0$791,321
Part IX · Statement of functional expenses $1,561,912 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $171,567 · Management $86,033$257,600
IX-7 Other salaries and wagesPrograms $338,372 · Management $169,677$508,049
IX-9 Other employee benefitsPrograms $16,203 · Management $73,087$89,290
IX-10 Payroll taxesPrograms $41,218 · Management $29,594$70,812
IX-11c Accounting feesPrograms $12,738 · Management $17,412$30,150
IX-11g Other fees for servicesPrograms $186,287 · Management $35,023$221,310
IX-12 Advertising and promotionPrograms $51,900 · Management $123,136$175,036
IX-13 Office expensesPrograms $16,268 · Management $16,762$33,030
IX-16 OccupancyPrograms $10,806 · Management $2,770$13,576
IX-22 Depreciation, depletion and amortizationPrograms $8,452 · Management $2,730$11,182
IX-23 InsurancePrograms $150 · Management $1,187$1,337
IX-24 Other expenses (24a–d)Programs $89,777 · Management $55,530$145,307
IX-24e All other expensesManagement $5,233$5,233
IX-25 Total functional expensesPrograms $943,738 · Management $618,174 · Fundraising $0$1,561,912
Part X · Balance sheet $225,643 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $560,020$176,765
X-4 Accounts receivableStart of year $314,160$19,040
X-10c Land, buildings and equipment, netStart of year $43,399$29,838
X-16 Total assetsStart of year $917,579$225,643
X-17 Accounts payable and accrued expensesStart of year $17,083$41,418
X-26 Total liabilitiesStart of year $17,083$41,418
X-27 Net assets without donor restrictionsStart of year $900,496$181,225
X-28 Net assets with donor restrictionsStart of year $0$3,000
X-32 Total net assets or fund balancesStart of year $900,496$184,225
X-33 Total liabilities and net assetsStart of year $917,579$225,643
Part XI · Reconciliation of net assets $184,225 net assets at year end
XI-1 Total revenue$791,321
XI-2 Total expenses$1,561,912
XI-3 Revenue less expenses−$770,591
XI-4 Net assets at start of year$900,496
XI-8 Prior period adjustments$54,320
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$184,225

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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