The If Project EIN 82-1848230

The If Project

EIN  82-1848230 Public charity (501(c)(3)) Seattle, WA Founded 2017
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
a legal and crime-related nonprofit
Leadership
Felisa Bryant · Executive Director · $120K
Money in and out
$572K revenue, $633K expenses
Bottom line
80% program efficiency

The If Project is a legal and crime-related nonprofit based in Seattle, WA, formed in 2017. For fiscal year 2025 it reported $572K in revenue, $633K in expenses, and $224K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$572K
Pt VIII · Ln 12
Total expenses
$633K
Pt IX · Ln 25
Net assets
$224K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$60K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.16 Fundraising $0.05
Program efficiency
80%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
2.9mo
months of highly liquid reserves at operating expense rate▼ -50% vs prior filing year
Surplus margin
-11%
revenue over expenses, this year▲ +11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$572K
FY2025▲ +21%
Expenses
$633K
FY2025▲ +20%
Total assets
$286K
FY2025▼ -12%
Total liabilities
$62K
FY2025▲ +54%
Total revenue
$572K
Pt VIII · Ln 12
Total expenses
$633K
Pt IX · Ln 25
Net assets
$224K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$60K
Total assetsPt X · Ln 16$286K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $504K of program spending, described in the organization's own filed words · FY2025.
01

Reentry Services for Women

Provide transitional support for women releasing from incarceration with the goal of reducing recidivism and unstable housing. Workshops preparing women for reentry, including health and wellness and individualized release plans, prior to leaving incarceration facilities.

$280Kprogram expense
02

Youth Workshops

Youth programs focus on preventing incarceration and encouraging youth to ask for needed help. Formerly incarcerated adults share their heartfelt stories, which help youth open up about their own life and ask for help. Workshops are offered in schools, community centers, youth groups, churches, detention centers and juvenile prisons.

$130Kprogram expense
03

Community Events

Documentary screenings, volunteer and mentor training bring community together to support those impacted by incarceration. These events provide a groundbreaking way for community members to acknowledge the divide, hear the stories, seek to understand - and partner to produce powerful change in individual lives and in our communities.

$94Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe If Project
EINHdr · item D82-1848230
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jwww.theifproject.org
Year of formationHdr · item L2017
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I40)
Ruling yearIRS BMFAug 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$119,604Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Felisa Bryant’s $120K as Executive Director is at the 87th percentile of top reported officer pay among 1398 $100K–1M crime & legal 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2021FY2020
Andrea Anderson$66,101$125,000
Felisa Bryant$119,604$106,155

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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Statement of Revenue

Part VIII
Contributions & grants$430K · 75%
Program service revenue$143K · 25%
Contributions & grants75%$430K
Program service revenue25%$143K
Investment income$251
Total revenueLn 12$572K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.16 Fundraising $0.05
Program services80%$504K
Management & general16%$100K
Fundraising5%$29K
Total functional expensesLn 25$633K

Balance Sheet

Part X · end of year
CashLn 1$154K
Total assetsLn 16$286K
Total liabilitiesLn 26$62K
Total net assetsLn 32$224K
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $154K · Operating expenses (Pt IX) $633K · Less non-cash grants $60 · Cash operating expenses/yr $633K
2.9 months
Where the money goes
Program services
Program services $504K · Total expenses $633K
80%
Management & General
Management & general $100K · Total expenses $633K
16%
Fundraising
Fundraising $29K · Total expenses $633K
5%
Cost to raise $1
Fundraising expense (3-yr avg) $21K · Solicited contributions (3-yr avg) $317K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $430K · Total revenue $572K
75%
Government reliance
Government grants — · Total revenue $572K
Earned-income share
Program service revenue $143K · Total revenue $572K
25%
Investment reliance
Investment income $251 · Total revenue $572K
0%
Program self-sufficiency
Program service revenue $143K · Total expenses $633K
23%
Growth & trend
Revenue growth (YoY)
This year $572K · Prior year $473K
+21%
Revenue CAGR
FY2020 $558K · FY2025 $572K
+1%
Net-asset trend (YoY)
End of year $224K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $572K · Expenses $633K
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $286K
Net-asset ratio
Net assets $224K · Total assets $286K
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $286K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Felisa Bryant · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $120K · Total expenses $633K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $350K · Total expenses $633K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 16%
Fundraising cost ratio 7%
Revenue growth 21%

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 · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 7 grants · $309K · 2020–2025
Unitemized GrantFY2025$47,705
Unitemized GrantFY2024$59,480
Unitemized GrantFY2024$8,802
Unitemized GrantFY2023$34,269
Unitemized GrantFY2022$32,455
Unitemized GrantFY2021$55,370
Unitemized GrantFY2020$70,818

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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
FY2025 (Latest)$572K revenue · viewing · ⤓ 990 PDF
FY2024$473K revenue · ⤓ 990 PDF
FY2023$361K revenue · ⤓ 990 PDF
FY2022$494K revenue · ⤓ 990 PDF
FY2021$261K revenue · ⤓ 990 PDF
FY2020$558K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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