Project Echo INC FY2021 filing

EIN 52-1768168 Public charity (501(c)(3)) Prnc Frederck, MD

Form 990 (PDF)

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Size

$1–10M

What they do

Offers emergency shelter and meals to homeless individuals in Calvert County, MD.

Leadership

Henry Trentman · President and Board Chair

Money in and out

$934K revenue, $759K expenses

Bottom line

81% program efficiency

Offers emergency shelter and meals to homeless individuals in Calvert County, MD. For fiscal year 2021 it reported $934K in revenue, $759K in expenses, and $1.3M in net assets.Pt I

Where the money goes · FY2021

Total revenue

$934K

Pt VIII · Ln 12

Total expenses

$759K

Pt IX · Ln 25

Net assets

$1.3M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $175K

Where spending went · Part IX cols B–D

81%

12%

Program services $0.81 Management & general $0.12 Fundraising $0.07

Program efficiency

81%

of spending reaches programs

Operating runway

8.3mo

months of highly liquid reserves at operating expense rate

Surplus margin

+19%

revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990

Revenue

$934K

FY2021

Expenses

$759K

FY2021

Total assets

$1.3M

FY2021

Total liabilities

$80K

FY2021

Total revenue

$934K

Pt VIII · Ln 12

Total expenses

$759K

Pt IX · Ln 25

Net assets

$1.3M

Pt X · Ln 32

Revenue less expensesPt I · Ln 19$175K

Total assetsPt X · Ln 16$1.3M

Program-expense ratioPt IX · col B81%

Voting members of governing bodyPt I · Ln 312

Independent voting membersPt I · Ln 412

Mission & Programs · Part III

Where the work happens

3 program services account for $616K of program spending, described in the organization's own filed words · FY2020.

Emergency Shelter.bed Nights

10049.MEALS served: 20000 plus (many of our community came to shelter for a meal due to lost jobs and waiting for unemployment BENEFITS).FOUND employment: 15 (loss of jobs occured due to business lockdown or not opened due to COVID-19 pandemic RESTRICTIONS).MOVED to permanent housing: 37.

$320Kprogram expense

Thrift store

$212Kprogram expense

Transitional Housing.currently in Transitional Housing

13.

$85Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CProject Echo INC

EINHdr · item D52-1768168

Principal addressHdr · item CPrnc Frederck, MD

WebsiteHdr · item Jprojectecho.net

Year of formationHdr · item Lpending

State of legal domicileHdr · item MMD

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFHuman Services (P20Z)

Ruling yearIRS BMFAug 1992

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a12

Independent voting membersPt VI · Ln 1b12

Conflict-of-interest policyPt VI · Ln 12aNo

Whistleblower policyPt VI · Ln 13No

Document retention policyPt VI · Ln 14Yes

CEO/top-official compensation independently reviewedPt VI · Ln 15aNo

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Henry Trentman

President and Board Chair

$0Pt VII · Sec A

Brian Mayer

Vice President & Director

$0Pt VII · Sec A

Kirk Swain

Treasurer & Director

$0Pt VII · Sec A

Kathy Tress

Secretary & Director

$0Pt VII · Sec A

Judy Allison

Chaplain and Director

$0Pt VII · Sec A

Kathy Chow

Director

$0Pt VII · Sec A

Andrea Jordan

Director

$0Pt VII · Sec A

Joe Mills

Director

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Contributions & grants$623K · 67%

Program service revenue$200K · 21%

Other revenue$110K · 12%

Contributions & grants67%$623K

Program service revenue21%$200K

Other revenue12%$110K

Investment income$813

— government grantsLn 1e$219K

Total revenueLn 12$934K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

81%

12%

Program services $0.81 Management & general $0.12 Fundraising $0.07

Program services81%$616K

Management & general12%$90K

Fundraising7%$53K

Total functional expensesLn 25$759K

Balance Sheet

Part X · end of year

CashLn 1$412K

Total assetsLn 16$1.3M

Total liabilitiesLn 26$80K

Total net assetsLn 32$1.3M

Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $412K · Operating expenses (Pt IX) $759K · Less non-cash grants $166K · Cash operating expenses/yr $593K

8.3 months

Where the money goes

Program services

Program services $616K · Total expenses $759K

81%

Management & General

Management & general $90K · Total expenses $759K

12%

Fundraising

Fundraising $53K · Total expenses $759K

Cost to raise $1

Fundraising expense $53K · Solicited contributions $404K

$0.13 to raise $1

Where the money comes from

Contribution dependence

Contributions & grants $623K · Total revenue $934K

67%

Government reliance

Government grants $219K · Total revenue $934K

23%

Earned-income share

Program service revenue $200K · Total revenue $934K

21%

Investment reliance

Investment income $813 · Total revenue $934K

Program self-sufficiency

Program service revenue $200K · Total expenses $759K

26%

Growth & trend

Revenue growth (YoY)

This year $934K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $1.3M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $934K · Expenses $759K

+19%

Liabilities-to-Assets

Total liabilities — · Total assets $1.3M

—

Net-asset ratio

Net assets $1.3M · Total assets $1.3M

94%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Henry Trentman · Reported title PRESIDENT AND BOARD CHAIR · Highest reported compensation $0 · Total expenses $759K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $299K · Total expenses $759K

39%

Peer comparison

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

Metric	This org	Peer median	Percentile
Program ratio	81%	—	—
Overhead ratio	12%	—	—
Fundraising cost ratio	9%	—	—
Accounting fee ratio	2%	—	—

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 · FY2024

Three Oaks Homeless Shelter INCFY2024$114K

Vanguard Charitable Endowment ProgramFY2024$16K

Help Association INCFY2024$10K

T Rowe Price Program for Charitable Giving INCFY2024$8K

Total grants receivedfrom 4 funders$149K

See all 4 funders →

Similar Organizations

Closest in mission — by what they do

End Hunger in Calvert County INCMD

The Promise Resource Center INCMD

Calvert Industrial Mutual Aid ProgramKY

The Maryland Salem Childrens Trust INCMD

Washington County Homeless ProjectOH

A Fern Norville Kaufman County Childrens Emergency ShelterTX

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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

FY2025 (Latest)$1.2M revenue · ⤓ 990 PDF

FY2024$1.1M revenue · ⤓ 990 PDF

FY2023$1.1M revenue · ⤓ 990 PDF

FY2022not on file

FY2021$934K revenue · viewing · ⤓ 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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