Projectattain FY2023 filing

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EIN 68-0287387 Unknown exempt organization Sacramento, CA
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$431K
FY2023▲ +205%
Expenses
$364K
FY2023▲ +40%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Boosts working adults' education to close equity and skills gaps. For fiscal year 2023 it reported $431K in revenue, $364K in expenses, and $166K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Sacramento, CA
Website
www.projectattain.org
Filings
5 on file (2020–2023)
Revenue
$431KFY2023
Expenses
$364K
Net assets
$166K
People
14
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Provided by the organization

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Size
$100K–1M
What they do
Boosts working adults' education to close equity and skills gaps.
Leadership
Anette Smith · Board Chair
Money in and out
$431K revenue, $364K expenses
Bottom line
+16% 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?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

2 funders, incl. Safe Credit Union

2 distinct foundation funder(s) on file, $32K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

77% to programs

77% 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–1M · ↑ +205% vs prior year

Revenue band $100K–1M, +205% versus the prior filing year (up). See detail →

Reported financial activity · FY2023
Total revenue
$431K
Pt VIII · Ln 12
Total expenses
$364K
Pt IX · Ln 25
Net assets
$166K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $67K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Surplus margin
+16%
revenue over expenses, this year
Program spending
77%
of expenses reach programs

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$202K
FY2023▲ +130%
Total liabilities
$36K
FY2023▲ +110%
Revenue less expensesPt I · Ln 19$67K
Total assetsPt X · Ln 16$202K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CProjectattain
EINHdr · item D68-0287387
Principal addressHdr · item CSacramento, CA
WebsiteHdr · item Jwww.projectattain.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
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 1a14
Independent voting membersPt VI · Ln 1b14
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
Board Chair
$0Pt VII · Sec A
Past Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Trusteedirec.
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Projectattain executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $238K of program spending, described in the organization's own filed words · FY2023.
01

ProjectAttain! developed a branding guide, selected a new logo and finalized a new website. PA held the Annual Adult Learner Summit and interegrated the K16 Collaborative.

$110Kprogram expense
02

ProjectAttain! hired a Communications Specialist to support the K16 collaborative and finalized collateral material for the collaborative. PA prepared the K16 collaborative for a site visit and developed a process to move K16 collaborative workgroups from planning to action.

$66Kprogram expense
03

ProjectAttain! continued to focus on increasing equity, degree attainment, and employment through regional systems change. PA served as the lead communicator between the IHEP research team and California institutions, sharing research, and connecting institutions with statewide resources, and best practices.

$62Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$413K · 96%
Other revenue$17K · 4%
Contributions & grants96%$413K
Other revenue4%$17K
Investment income$102
— government grantsLn 1e$288K
Total revenueLn 12$431K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$279K
Management & general23%$85K
Total functional expensesLn 25$364K

Balance Sheet

Part X · end of year
CashLn 1$185K
Total assetsLn 16$202K
Total liabilitiesLn 26$36K
Total net assetsLn 32$166K
Months of cash on handcomputed6.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $185K · Operating expenses/yr $364K
6.1 months
Where the money goes
Program services
Program services $279K · Total expenses $364K
77%
Management & General
Management & general $85K · Total expenses $364K
23%
Fundraising
Fundraising $0 · Total expenses $364K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $125K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $413K · Total revenue $431K
96%
Government reliance
Government grants $288K · Total revenue $431K
67%
Earned-income share
Program service revenue $0 · Total revenue $431K
0%
Investment reliance
Investment income $102 · Total revenue $431K
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $364K
0%
Growth & trend
Revenue growth (YoY)
This year $431K · Prior year $141K
+205%
Net-asset trend (YoY)
End of year $166K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $431K · Expenses $364K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $202K
—
Net-asset ratio
Net assets $166K · Total assets $202K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $202K
0%
People & payroll
Highest Reported Total Compensation
Individual Anette Smith · Reported title Board Chair · Highest reported compensation $0 · Total expenses $364K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $364K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 23%——
Fundraising cost ratio 0%——
Revenue growth 205%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 5%——
Fundraising fee ratio 0%——

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 2 funders$32K

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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)$107K revenue · ⤓ 990 PDF
FY2023$431K revenue · viewing · ⤓ 990 PDF
FY2022$141K revenue · ⤓ 990 PDF
FY2021$178K revenue · ⤓ 990 PDF
FY2020$54K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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