Project Return Florida INC EIN 59-2612753

Project Return Florida INC

EIN  59-2612753 Public charity (501(c)(3)) Tampa, FL
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Provides education and job training to help people with mental illness live fulfilling lives.
Leadership
Deborah Adams · Sec/Treas.
Money in and out
$404K revenue, $524K expenses
Bottom line
82% program efficiency

Provides education and job training to help people with mental illness live fulfilling lives. For fiscal year 2025 it reported $404K in revenue, $524K in expenses, and $1.4M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$404K
Pt VIII · Ln 12
Total expenses
$524K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$120K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.18
Program efficiency
82%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
28.4mo
months of highly liquid reserves at operating expense rate▲ +4% vs prior filing year
Surplus margin
-30%
revenue over expenses, this year▼ -534% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$404K
FY2025▼ -26%
Expenses
$524K
FY2025▲ +3%
Total assets
$1.5M
FY2025▼ -8%
Total liabilities
$31K
FY2025▼ -6%
Total revenue
$404K
Pt VIII · Ln 12
Total expenses
$524K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$120K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $431K of program spending, described in the organization's own filed words · FY2024.
01

The project return center assists adults with mental illness to live productive and fulfilling lives through recovery, connections, and opportunities to enrich their lives.

$431Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Return Florida INC
EINHdr · item D59-2612753
Principal addressHdr · item CTampa, FL
WebsiteHdr · item Jprojectreturn.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J300)
Ruling yearIRS BMFApr 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 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 (FY2024); the FY2025 filing did not itemize Part VII
Sec/Treas.
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$317K · 78%
Investment income$60K · 15%
Program service revenue$19K · 5%
Other revenue$8K · 2%
Contributions & grants78%$317K
Investment income15%$60K
Program service revenue5%$19K
Other revenue2%$8K
— government grantsLn 1e$55K
Total revenueLn 12$404K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$431K
Management & general18%$93K
Total functional expensesLn 25$524K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.5M
Total liabilitiesLn 26$31K
Total net assetsLn 32$1.4M
Months of cash on handcomputed28.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $524K
28.4 months
Where the money goes
Program services
Program services $431K · Total expenses $524K
82%
Management & General
Management & general $93K · Total expenses $524K
18%
Fundraising
Fundraising $0 · Total expenses $524K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $339K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $317K · Total revenue $404K
78%
Government reliance
Government grants $55K · Total revenue $404K
14%
Earned-income share
Program service revenue $19K · Total revenue $404K
5%
Investment reliance
Investment income $60K · Total revenue $404K
+15%
Program self-sufficiency
Program service revenue $19K · Total expenses $524K
4%
Growth & trend
Revenue growth (YoY)
This year $404K · Prior year $544K
-26%
Revenue CAGR
FY2019 $1.7M · FY2024 $404K
-25%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $404K · Expenses $524K
-30%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.4M · Total assets $1.5M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Deborah Adams · Reported title SEC/TREAS. · Highest reported compensation $0 · Total expenses $524K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $275K · Total expenses $524K
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 18%
Fundraising cost ratio 0%
Revenue growth -26%

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
Total grants receivedfrom 1 funder$261K

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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)$404K revenue · viewing · ⤓ 990 PDF
FY2024$544K revenue · ⤓ 990 PDF
FY2023$307K revenue · ⤓ 990 PDF
FY2022$309K revenue · ⤓ 990 PDF
FY2021$309K revenue · ⤓ 990 PDF
FY2020$1.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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