Project Iowa FY2022 filing

Tax-deductible

Des Moines, IA501(c)(3)Human ServicesEIN 80-0731028

To serve as a bridge between underemployed persons seeking living wage careers and employers seeking workers, thereby transforming lives and benefiting communities.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$112K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 6
years in the black
Worth a look: 2 of the last 6 filings show a deficit.
Pt I · Ln 19 · 6 filings
How much reaches the programs?
81%
of spending
Looks good: 81% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$112K
to officers and key staff · 18% of spending
Worth a look: leaders' pay is 18% of spending; over 15% is worth a look.
Pt VII · Sec A
Do they have reserves?
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
11
named funders · $377K
Looks good: 11 funders name it on their filings; 3 or more looks good.
Funders’ Sch. I, 990-PF
Do they carry debt?
$8K
liabilities
Looks good: debts are 2% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
9
independent of 9 voting board members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$492K
-25% vs prior year
Spent
$615K
To programs
81%
Net assets
$420K
By yearFY2020–FY2025
Revenue
$492K
FY2022▼ -25%
Revenue by fiscal year
FY2020$696K
FY2021$654K
FY2022$492K
FY2023$884K
FY2024$1.1M
FY2025$717K
Expenses
$615K
FY2022▼ -4%
Expenses by fiscal year
FY2020$644K
FY2021$637K
FY2022$615K
FY2023$870K
FY2024$1000K
FY2025$994K
Net assets
$420K
FY2022▼ -23%
Net assets by fiscal year
FY2020$526K
FY2021$543K
FY2022$420K
FY2023$434K
FY2024$505K
FY2025$1.8M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CProject Iowa
EINHdr · item D80-0731028
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2011
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CDes Moines, IA
NTEE classificationIRS BMFHuman Services (P20)
WebsiteHdr · item Jwww.projectiowa.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.12 Fundraising $0.07
Program services81%$500K
Management & general12%$74K
Fundraising7%$41K
Total functional expensesLn 25$615K

Financial health

Is it on solid ground?

Program efficiency
81%
of spending reaches programs
Operating runway
8.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$427K
FY2022▼ -30%
Total assets by fiscal year
FY2020$595K
FY2021$612K
FY2022$427K
FY2023$2.2M
FY2024$2.2M
FY2025$1.9M
Total liabilities
$8K
FY2022▼ -89%
Total liabilities by fiscal year
FY2020$69K
FY2021$70K
FY2022$8K
FY2023$1.8M
FY2024$1.6M
FY2025$75K
Revenue less expensesPt I · Ln 19−$123K
Total assetsPt X · Ln 16$427K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$411K
Total assetsLn 16$427K
Total liabilitiesLn 26$8K
Total net assetsLn 32$420K
Months of cash on handcomputed8.0

Statement of Revenue

Part VIII
Contributions & grants$471K · 96%
Other revenue$21K · 4%
Contributions & grants96%$471K
Other revenue4%$21K
Investment income$501
— government grantsLn 1e$64K
Total revenueLn 12$492K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $411K · Operating expenses/yr $615K
8.0 months
Where the money goes
Program services
Program services $500K · Total expenses $615K
81%
Management & General
Management & general $74K · Total expenses $615K
12%
Fundraising
Fundraising $41K · Total expenses $615K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $451K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $471K · Total revenue $492K
96%
Government reliance
Government grants $64K · Total revenue $492K
13%
Earned-income share
Program service revenue $0 · Total revenue $492K
0%
Investment reliance
Investment income $501 · Total revenue $492K
+0.1%
Program self-sufficiency
Program service revenue $0 · Total expenses $615K
0%
Growth & trend
Revenue growth (YoY)
This year $492K · Prior year $654K
-25%
Net-asset trend (YoY)
End of year $420K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $492K · Expenses $615K
-25%
Liabilities-to-Assets
Total liabilities — · Total assets $427K
—
Net-asset ratio
Net assets $420K · Total assets $427K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $427K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Julie Fugenschuh · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $112K · Total expenses $615K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $462K · Total expenses $615K
75%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 12%——
Fundraising cost ratio 9%——
Revenue growth -25%——
Accounting fee ratio 1%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$111,593Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Julie Fugenschuh’s $123K as Executive Director is at the 93rd percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Julie Fugenschuh$123,092$113,542$110,145$111,593$106,749$98,460

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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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Connects underemployed people with living-wage jobs, benefiting individuals and communities.

Provided by the organization

This section is blank until Project Iowa claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $500K of program spending, described in the organization's own filed words · FY2021.
01

Project iowa is a work force training intermediary that assists individuals with both technical and core skills to secure livable wage employment. 151 individuals were assisted during the fiscal year.

$500Kprogram expense

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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 11 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $717K$994K-33% 990 PDF
FY2024 $1.1M$1000K+21% 990 PDF
FY2023 $884K$870K+80% 990 PDF
FY2022 Viewing $492K$615K-25% 990 PDF
FY2021 $654K$637K-6% 990 PDF
FY2020 $696K$644K 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

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $614,948 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $42,000 · Management $36,750 · Fundraising $26,250$105,000
IX-7 Other salaries and wagesPrograms $267,032$267,032
IX-8 Pension plan contributionsPrograms $8,215 · Management $977 · Fundraising $698$9,890
IX-9 Other employee benefitsPrograms $43,370 · Management $5,157 · Fundraising $3,684$52,211
IX-10 Payroll taxesPrograms $22,954 · Management $2,730 · Fundraising $1,950$27,634
IX-11c Accounting feesManagement $8,700$8,700
IX-11g Other fees for servicesPrograms $5,606 · Management $3,500$9,106
IX-12 Advertising and promotionPrograms $26,200$26,200
IX-13 Office expensesPrograms $2,805$2,805
IX-14 Information technologyPrograms $6,265$6,265
IX-15 RoyaltiesManagement $7,580$7,580
IX-17 TravelManagement $1,245$1,245
IX-23 InsuranceManagement $6,208$6,208
IX-24 Other expenses (24a–d)Programs $75,653 · Management $1,456 · Fundraising $7,963$85,072
IX-25 Total functional expensesPrograms $500,100 · Management $74,303 · Fundraising $40,545$614,948

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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