Project Pit: FY2022 Nonprofit Profile & Form 990 (EIN 80-0887150)

Revenue by fiscal year
FY2021	$183K
FY2022	$200K
FY2023	$434K
FY2024	$422K

Expenses by fiscal year
FY2021	Not on file
FY2022	$225K
FY2023	$347K
FY2024	$422K

Net assets by fiscal year
FY2021	$812
FY2022	−$23K
FY2023	$64K
FY2024	$64K

Is it real?

Yes. Exemption reinstated (2018-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2019.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $225K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

Carlton Roberts

Owner

$0Pt VII · Sec A

See Project Pit executive salaries →

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 15aNo

Programs and updates

Connects entertainment industry, new talent, and community.

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1 program · $225K · in their own filed words · FY2022

01

Close gap from community & entertianment

$225Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$200K

Ln 12

Gifts and grantsLn 1h$200K

Money outPt IX

$225K

Ln 25

Programscol B$225K

Owns and owesPt X

−$23K

net assets · Ln 32

Cash and savingsLn 1–2−$23K

Total assetsLn 16−$23K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$200K

Government grantsLn 1e$200K

Total revenueLn 12$200K

Assets in detailPt X, end of year

CashLn 1−$23K

Cash and savings togetherLn 1–2−$23K

Total assetsLn 16−$23K

LiabilitiesLn 26$0

Net assetsLn 32−$23K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$812	−$23K
Total assetsLn 16	$812	−$23K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$812	−$23K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$6K	$6K
Other fees for servicesLn 11g	$171K	$171K
Advertising and promotionLn 12	$8K	$8K
Office expensesLn 13	$13K	$13K
OccupancyLn 16	$16K	$16K
TravelLn 17	$6K	$6K
InsuranceLn 23	$292	$292
Other expenses (24a–d)Ln 24	$5K	$5K
Total functional expensesLn 25	$225K	$225K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS May 19, 2026	$422K	$422K	$180	$64K	990 PDF
FY2023Filed with the IRS Feb 25, 2025	$434K	$347K	$87K	$64K	990 PDF
FY2022 ViewingFiled with the IRS Sep 13, 2023	$200K	$225K	−$24K	−$23K	990 PDF
FY2021Filed with the IRS Aug 18, 2023	$183K			$812	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $200,479 revenue, 12 lines filed

I-8 Contributions and grants$200,479

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$200,479

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$224,557

I-18 Total expenses$224,557

I-19 Revenue less expenses−$24,078

Part VI · Governance 1 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $200,479 across 3 lines filed

VIII-1e Government grants$200,479

VIII-1h Total contributions, gifts and grants$200,479

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$200,479

Part IX · Statement of functional expenses $224,557 across 8 lines filed

IX-11c Accounting feesPrograms $5,510$5,510

IX-11g Other fees for servicesPrograms $170,595$170,595

IX-12 Advertising and promotionPrograms $7,897$7,897

IX-13 Office expensesPrograms $13,139$13,139

IX-16 OccupancyPrograms $16,349$16,349

IX-17 TravelPrograms $6,147$6,147

IX-23 InsurancePrograms $292$292

IX-24 Other expenses (24a–d)Programs $4,628$4,628

IX-25 Total functional expensesPrograms $224,557 · Management $0 · Fundraising $0$224,557

Part X · Balance sheet −$23,266 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $812−$23,266

X-16 Total assetsStart of year $812−$23,266

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $812−$23,266

X-32 Total net assets or fund balancesStart of year $812−$23,266

X-33 Total liabilities and net assetsStart of year $812−$23,266

Part XI · Reconciliation of net assets −$23,266 net assets at year end

XI-1 Total revenue$200,479

XI-2 Total expenses$224,557

XI-3 Revenue less expenses−$24,078

XI-4 Net assets at start of year$812

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$23,266

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Project Pit FY2022 filing

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