Project Transitions INC FY2023 filing

Tax-deductible

Austin, TX501(c)(3)EIN 74-2502171Revenue $3.3M in FY2023

On file with the IRSprojecttransitions.com5312 Airport Blvd Ste B, 78751-2257 · Austin, TXTax-exempt since Sep 1988Publicly supported charity — 170(b)(1)(A)(vi)

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Provision of housing, recuperative care and hospice for individuals and families with HIV/AIDS.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$105K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $233K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 17.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $111K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$24.1M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+24% vs prior year
Spent
$2.5M
To programs
86%
Net assets
$3.5M
By yearFY2020–FY2024
Revenue
$3.3M
FY2023▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$3.1M
FY2022$2.7M
FY2023$3.3M
FY2024$3.1M
Expenses
$2.5M
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.1M
FY2022$2.5M
FY2023$2.5M
FY2024$3.6M
Net assets
$3.5M
FY2023▲ +31%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$2.5M
FY2022$2.7M
FY2023$3.5M
FY2024$3.1M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1988.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $2.2M Management & general 10% · $248K Fundraising 4% · $95K

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

13 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$104,616Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Leah Baker$34,174$104,616$35,601——
Cynthia Herrera———$82,721$97,484
Madge Whistler———$81,604$84,815
Jeannie Swink$79,670————
Scurry Miller——$68,922——

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

Provides housing, care, and hospice for people with HIV/AIDS.

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2023
01

Services include physical care, emotional support, social work, connection with community resources, and other supportive services. Served 74 in 2023 with 93% below 150% of the Federal Poverty Line.

$2.2Mprogram 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 · FY2024
See all 5 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$612K
Other incomeLn 4–11$200K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.2M
Managementcol C$248K
Fundraisingcol D$95K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$27.6M
LiabilitiesLn 26$24.1M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$1.0M
Fees for servicesLn 2g$102K
Investment incomeLn 3$612K
Other incomeLn 4–11$200K
Gains on assetsLn 7$576K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$2.8M
SavingsLn 2$852K
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$47K
Land, buildings, equipmentLn 10c$21.3M
Other assetsLn 15$2.0M
Total assetsLn 16$27.6M
LiabilitiesLn 26$24.1M
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 544
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.5M$3.7M
InvestmentsLn 11–13$37K$47K
Land, buildings, equipmentLn 10c$13.1M$21.3M
Total assetsLn 16$15.6M$27.6M
LiabilitiesLn 26$12.9M$24.1M
Net assetsLn 32$2.7M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$116K$102K$11K$3K
Other salaries and wagesLn 7$1.0M$938K$41K$38K
Other employee benefitsLn 9$168K$155K$6K$7K
Payroll taxesLn 10$83K$73K$8K$2K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$161K$51K$104K$7K
Advertising and promotionLn 12$625$625
Office expensesLn 13$55K$46K$6K$2K
Information technologyLn 14$21K$11K$8K$3K
OccupancyLn 16$408K$384K$20K$4K
TravelLn 17$587$500$46$41
Conferences, conventions and meetingsLn 19$555$472$44$39
InterestLn 20$34K$32K$2K
Depreciation, depletion and amortizationLn 22$270K$270K$72
InsuranceLn 23$60K$49K$11K
Other expenses (24a–d)Ln 24$31K$12K$3K$16K
All other expensesLn 24e$59K$35K$12K$12K
Total functional expensesLn 25$2.5M$2.2M$248K$95K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.1M$3.6M−$468K$3.1M 990 PDF
FY2023 Viewing $3.3M$2.5M$806K$3.5M 990 PDF
FY2022 $2.7M$2.5M$212K$2.7M 990 PDF
FY2021 $3.1M$2.1M$978K$2.5M 990 PDF
FY2020 $1.8M$2.2M−$366K$1.5M 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 FY2023 990 (6 parts)
Part I · Summary $3,307,442 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,366,282$2,394,667
I-9 Program service revenuePrior year $53,337$101,666
I-10 Investment incomePrior year $3,389$611,560
I-11 Other revenuePrior year $253,260$199,549
I-12 Total revenuePrior year $2,676,268$3,307,442
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 $1,360,170$1,383,717
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,103,888$1,117,394
I-18 Total expensesPrior year $2,464,058$2,501,111
I-19 Revenue less expensesPrior year $212,210$806,331
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,307,442 across 10 lines filed
Lines not itemized here account for $199,099 of total revenue; see the IRS return.
VIII-1e Government grants$1,034,181
VIII-1f All other contributions, gifts and grants$1,318,035
VIII-1h Total contributions, gifts and grants$2,394,667
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $101,666$101,666
VIII-3 Investment incomeExcluded from tax $35,607$35,607
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $575,953$575,953
VIII-8 Net income from fundraising eventsExcluded from tax −$24−$24
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $474$474
VIII-12 Total revenueRelated to mission $101,666 · Unrelated business $0 · Excluded from tax $811,109$3,307,442
Part IX · Statement of functional expenses $2,501,111 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $101,607 · Management $11,142 · Fundraising $2,997$115,746
IX-7 Other salaries and wagesPrograms $937,785 · Management $41,218 · Fundraising $38,386$1,017,391
IX-9 Other employee benefitsPrograms $155,331 · Management $5,932 · Fundraising $6,563$167,825
IX-10 Payroll taxesPrograms $72,646 · Management $7,967 · Fundraising $2,142$82,755
IX-11c Accounting feesManagement $16,038$16,038
IX-11g Other fees for servicesPrograms $50,592 · Management $103,707 · Fundraising $7,101$161,400
IX-12 Advertising and promotionPrograms $625$625
IX-13 Office expensesPrograms $46,175 · Management $6,178 · Fundraising $2,283$54,636
IX-14 Information technologyPrograms $11,119 · Management $7,741 · Fundraising $2,568$21,428
IX-16 OccupancyPrograms $383,685 · Management $19,954 · Fundraising $4,104$407,743
IX-17 TravelPrograms $500 · Management $46 · Fundraising $41$587
IX-19 Conferences, conventions and meetingsPrograms $472 · Management $44 · Fundraising $39$555
IX-20 InterestPrograms $31,706 · Management $2,287$33,993
IX-22 Depreciation, depletion and amortizationPrograms $270,172 · Management $72$270,244
IX-23 InsurancePrograms $49,490 · Management $10,524$60,014
IX-24 Other expenses (24a–d)Programs $11,510 · Management $3,215 · Fundraising $16,371$31,096
IX-24e All other expensesPrograms $34,837 · Management $12,233 · Fundraising $11,965$59,035
IX-25 Total functional expensesPrograms $2,158,252 · Management $248,298 · Fundraising $94,560$2,501,111
Part X · Balance sheet $27,637,309 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $346,292$2,814,562
X-2 Savings and temporary cash investmentsStart of year $1,114,186$852,006
X-3 Pledges and grants receivableStart of year $52,047$45,832
X-4 Accounts receivableStart of year $604,008$546,609
X-9 Prepaid expenses and deferred chargesStart of year $21,333$16,258
X-10c Land, buildings and equipment, netStart of year $13,071,077$21,345,591
X-11 Publicly traded securitiesStart of year $36,852$47,113
X-15 Other assetsStart of year $243,862$1,969,338
X-16 Total assetsStart of year $15,553,219$27,637,309
X-17 Accounts payable and accrued expensesStart of year $161,770$1,818,598
X-24 Unsecured notes and loans payableStart of year $12,708,524$20,556,187
X-25 Other liabilities$1,744,642
X-26 Total liabilitiesStart of year $12,870,294$24,119,427
X-27 Net assets without donor restrictionsStart of year $1,325,081$1,802,543
X-32 Total net assets or fund balancesStart of year $2,682,925$3,517,882
X-33 Total liabilities and net assetsStart of year $15,553,219$27,637,309
Part XI · Reconciliation of net assets $3,517,882 net assets at year end
XI-1 Total revenue$3,307,442
XI-2 Total expenses$2,501,111
XI-3 Revenue less expenses$806,331
XI-4 Net assets at start of year$2,682,925
XI-5 Net unrealized gains (losses) on investments$5,316
XI-9 Other changes in net assets$23,310
XI-10 Net assets at end of year$3,517,882

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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