Project Refit EIN 82-2163506 Form 990 (PDF) Claim this org

Project Refit

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Builds community to combat isolation for veterans, first responders, and their families. For fiscal year 2024 it reported $254K in revenue, $273K in expenses, and $122K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public & Societal Benefit
Location
Voorhees, NJ
Filings
5 on file (2020–2024)
Revenue
$254KFY2024
Expenses
$273K
Net assets
$122K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-2163506 Public charity (501(c)(3)) Voorhees, NJ
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds community to combat isolation for veterans, first responders, and their families.
Leadership
James Corbett · President · $48K
Money in and out
$254K revenue, $273K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$273K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$19K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.04 Fundraising $0.18
Program efficiency
78%
of spending reaches programs
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate▼ -34% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▼ -150% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$254K
FY2024▲ +49%
Total revenue
$254K
Pt VIII · Ln 12
Total expenses
$273K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$19K
Total assetsPt X · Ln 16$152K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Refit
EINHdr · item D82-2163506
Principal addressHdr · item CVoorhees, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W30)
Ruling yearIRS BMFAug 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$47,875Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

James Corbett’s $48K as President is at the 40th percentile of top reported officer pay among 1033 $100K–1M public & societal benefit 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

NameFY2024FY2023FY2022FY2021
James Corbett$47,875$12,600$12,375$11,475

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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Mission & Programs · Part III

Where the work happens

3 program services account for $214K of program spending, described in the organization's own filed words · FY2024.
01

Veteran and First Responder services as this encompasses the retreats and all the other services they provide

$192Kprogram expense
02

Blue Skies Mobile App

helped our community by connecting them via the mobile platform.

$11Kprogram expense
03

Radio Check

offered community support to veterans, first responders, and family members via virtual peer-to-peer support groups.

$11Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$254K
Investment income$59
Total revenueLn 12$254K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.04 Fundraising $0.18
Program services78%$214K
Management & general4%$11K
Fundraising18%$49K
Total functional expensesLn 25$273K

Balance Sheet

Part X · end of year
CashLn 1$61K
Total assetsLn 16$152K
Total liabilitiesLn 26$30K
Total net assetsLn 32$122K
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61K · Operating expenses/yr $273K
2.7 months
Where the money goes
Program services
Program services $214K · Total expenses $273K
78%
Management & General
Management & general $11K · Total expenses $273K
4%
Fundraising
Fundraising $49K · Total expenses $273K
18%
Cost to raise $1
Fundraising expense $49K · Solicited contributions $254K
$0.19 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $254K · Total revenue $254K
100%
Government reliance
Government grants — · Total revenue $254K
Earned-income share
Program service revenue $0 · Total revenue $254K
0%
Investment reliance
Investment income $59 · Total revenue $254K
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $273K
0%
Growth & trend
Revenue growth (YoY)
This year $254K · Prior year $171K
+49%
Revenue CAGR
FY2020 $98K · FY2024 $254K
+27%
Net-asset trend (YoY)
End of year $122K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $254K · Expenses $273K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $152K
Net-asset ratio
Net assets $122K · Total assets $152K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $152K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual James Corbett · Reported title PRESIDENT · Highest reported compensation $48K · Total expenses $273K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $273K
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 4%
Fundraising cost ratio 19%
Revenue growth 49%
Accounting fee ratio 0.5%

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 · funders on record
Grants received · FY2024
See all 5 funders →

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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
FY2024 (Latest)$254K revenue · viewing · ⤓ 990 PDF
FY2023$171K revenue · ⤓ 990 PDF
FY2022$105K revenue · ⤓ 990 PDF
FY2021$128K revenue · ⤓ 990 PDF
FY2020$98K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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