Project Grad Houston FY2021 filing

Houston, TXUnknown exempt organizationEIN 76-0450397Revenue $1.1M in FY2021

On file with the IRSgradecafe.org2950 Broadway Street · Houston, TX

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Improving low-income communities by helping individuals get into and through college/career training.

74¢ of each $1 spent went to programs.
$155K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $93K a year · 13% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$155K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
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
$253K
240% of total assets
Concern: liabilities are 240% 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
$1.1M
Spent
$1.5M
To programs
74%
Net assets
−$148K
By yearFY2021–FY2022
Revenue
$1.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$282K
Expenses
$1.5M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.5M
FY2022$134K
Net assets
−$148K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021−$148K
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.1M Management & general 19% · $275K Fundraising 7% · $107K

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; $155K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$155,119Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Ann B Stiles$74,913$155,119

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

Helps low-income individuals access and complete college or career training.

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Provided by the organization

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2 programs · $1.1M · in their own filed words · FY2020
01

College & Career Programming

Project GRAD reached individuals and families from low-income communities with relevant information and programming to guide their college and career planning and ultimate success. GRAD advising staff are accessed through school based collaborations and GRAD's open access, community-based delivery of services, the GRADCAFE model.

$1.0Mprogram expense
02

Scholarships

Project GRAD provided community college and university scholarships for the benefit of students who met specified criteria prior to graduation from high school and who maintain specified levels of achievement while enrolled in community college or university.

$50Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $126K · 2020–2021
Unitemized GrantFY2020$49,925

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$27K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.1M
Managementcol C$275K
Fundraisingcol D$107K
Owns and owesPt X
−$148K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$106K
LiabilitiesLn 26$253K
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$1.1M
Government grantsLn 1e$343K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$27K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$83K
Cash and savings togetherLn 1–2$83K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$106K
LiabilitiesLn 26$253K
Net assetsLn 32−$148K
OperationsPt I, VI
EmployeesI 524
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$505K$83K
Land, buildings, equipmentLn 10c$56K$0
Total assetsLn 16$636K$106K
LiabilitiesLn 26$450K$253K
Net assetsLn 32$186K−$148K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$50K$50K
Pay of current officers, directors and key staffLn 5$181K$72K$72K$36K
Other salaries and wagesLn 7$855K$684K$123K$48K
Other employee benefitsLn 9$95K$78K$12K$5K
Payroll taxesLn 10$89K$58K$25K$6K
Accounting feesLn 11c$5K$5K
Professional fundraising feesLn 11e$3K$3K
Other fees for servicesLn 11g$42K$30K$11K$1K
Advertising and promotionLn 12$731$490$241
Office expensesLn 13$39K$28K$8K$2K
Information technologyLn 14$11K$10K$696$203
OccupancyLn 16$17K$13K$3K$848
TravelLn 17$554$356$198
Conferences, conventions and meetingsLn 19$2K$1K$319$85
Depreciation, depletion and amortizationLn 22$56K$43K$10K$3K
InsuranceLn 23$10K$8K$2K$510
Other expenses (24a–d)Ln 24$4K$3K$2K$425
Total functional expensesLn 25$1.5M$1.1M$275K$107K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest $282K$134K$148K$0 990 PDF
FY2021 Viewing $1.1M$1.5M−$334K−$148K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,125,647 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,023,449$1,098,447
I-9 Program service revenuePrior year $191,720$27,200
I-10 Investment incomePrior year $125$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,215,294$1,125,647
I-13 Grants and similar amounts paidPrior year $77,993$49,925
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,374,890$1,220,245
I-16a Professional fundraising feesPrior year $0$3,000
I-17 Other expensesPrior year $355,034$186,582
I-18 Total expensesPrior year $1,807,917$1,459,752
I-19 Revenue less expensesPrior year −$592,623−$334,105
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,125,647 across 6 lines filed
VIII-1e Government grants$343,478
VIII-1f All other contributions, gifts and grants$754,969
VIII-1g Noncash contributions (included above)$2,750
VIII-1h Total contributions, gifts and grants$1,098,447
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,200$27,200
VIII-12 Total revenueRelated to mission $27,200 · Unrelated business $0 · Excluded from tax $0$1,125,647
Part IX · Statement of functional expenses $1,459,752 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $49,925$49,925
IX-5 Pay of current officers, directors and key staffPrograms $72,320 · Management $72,320 · Fundraising $36,161$180,801
IX-7 Other salaries and wagesPrograms $684,338 · Management $123,027 · Fundraising $47,893$855,258
IX-9 Other employee benefitsPrograms $77,621 · Management $12,099 · Fundraising $5,445$95,165
IX-10 Payroll taxesPrograms $57,923 · Management $25,472 · Fundraising $5,626$89,021
IX-11c Accounting feesManagement $4,720$4,720
IX-11e Professional fundraising feesFundraising $3,000$3,000
IX-11g Other fees for servicesPrograms $30,116 · Management $11,239 · Fundraising $1,048$42,403
IX-12 Advertising and promotionPrograms $490 · Management $241$731
IX-13 Office expensesPrograms $27,949 · Management $8,142 · Fundraising $2,500$38,591
IX-14 Information technologyPrograms $10,038 · Management $696 · Fundraising $203$10,937
IX-16 OccupancyPrograms $12,805 · Management $2,901 · Fundraising $848$16,554
IX-17 TravelPrograms $356 · Management $198$554
IX-19 Conferences, conventions and meetingsPrograms $1,252 · Management $319 · Fundraising $85$1,656
IX-22 Depreciation, depletion and amortizationPrograms $43,234 · Management $9,992 · Fundraising $2,919$56,145
IX-23 InsurancePrograms $7,549 · Management $1,745 · Fundraising $510$9,804
IX-24 Other expenses (24a–d)Programs $2,537 · Management $1,525 · Fundraising $425$4,487
IX-25 Total functional expensesPrograms $1,078,453 · Management $274,636 · Fundraising $106,663$1,459,752
Part X · Balance sheet $105,524 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $504,686$83,365
X-3 Pledges and grants receivableStart of year $64,663$11,973
X-9 Prepaid expenses and deferred chargesStart of year $10,399$10,186
X-10c Land, buildings and equipment, netStart of year $56,145$0
X-16 Total assetsStart of year $635,893$105,524
X-17 Accounts payable and accrued expensesStart of year $192,834$28,853
X-25 Other liabilitiesStart of year $256,700$224,417
X-26 Total liabilitiesStart of year $449,534$253,270
X-27 Net assets without donor restrictionsStart of year $40,435−$147,746
X-28 Net assets with donor restrictionsStart of year $145,924$0
X-32 Total net assets or fund balancesStart of year $186,359−$147,746
X-33 Total liabilities and net assetsStart of year $635,893$105,524
Part XI · Reconciliation of net assets −$147,746 net assets at year end
XI-1 Total revenue$1,125,647
XI-2 Total expenses$1,459,752
XI-3 Revenue less expenses−$334,105
XI-4 Net assets at start of year$186,359
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$147,746

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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