Project Advantage

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Project Advantage is the 501(c)(3) non-profit that owns and operates the sportsplex for the benefit of the community.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2229010) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 100 volunteers and 25 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $127K a year · 15% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
96%
of spending
96% of spending went to programs.
Pt IX · Ln 25 · col B
1.1 mo
of spending, in cash
1.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $168K
4 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
77% of total assets
Liabilities are 77% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.0M
-7% vs prior year
Spent
$1.1M
To programs
96%
Net assets
$516K
By yearFY2022–FY2025
Revenue
$1.0M
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2022$406K
FY2023$838K
FY2024$1.1M
FY2025$1.0M
Expenses
$1.1M
FY2025▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2022$260K
FY2023$710K
FY2024$826K
FY2025$1.1M
Net assets
$516K
FY2025▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2022$146K
FY2023$274K
FY2024$560K
FY2025$516K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $1.0M Management & general 3% · $33K Fundraising 1% · $5K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Project Advantage 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

Operates a sportsplex for community benefit.

Questions for Project Advantage

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1 program · $1.0M · in their own filed words · FY2025
01

Cedar Rock Sportsplex is home to RAMS Hockey, SCOR Soccer, Cedar Spring AYSO, Area K9 clubs, Corn Hole leagues, Adult Hockey and Soccer Leagues and more Project Advantage is the 501(c)(3) non-profit that owns and operates the sportsplex for the benefit of the community.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2229010) · Dispute this line
$1.0Mprogram expense

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 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Fees for servicesLn 2g$803K
Other incomeLn 4–11$167K
Gifts and grantsLn 1h$53K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$33K
Fundraisingcol D$5K
Owns and owesPt X
$516K
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$53K
Fees for servicesLn 2g$803K
Investment incomeLn 3$4K
Other incomeLn 4–11$167K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$94K
Cash and savings togetherLn 1–2$94K
Accounts receivableLn 4$2K
Land, buildings, equipmentLn 10c$2.2M
Total assetsLn 16$2.3M
LiabilitiesLn 26$1.8M
Net assetsLn 32$516K
OperationsPt I, VI
EmployeesI 525
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$91K$94K
Land, buildings, equipmentLn 10c$2.1M$2.2M
Total assetsLn 16$2.2M$2.3M
LiabilitiesLn 26$1.7M$1.8M
Net assetsLn 32$560K$516K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$248K$248K
Pension plan contributionsLn 8$5K$5K
Payroll taxesLn 10$23K$23K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$58K$58K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$2K$2K
Information technologyLn 14$3K$3K
OccupancyLn 16$267K$267K
TravelLn 17$33$33
InterestLn 20$124K$124K
Depreciation, depletion and amortizationLn 22$64K$64K
InsuranceLn 23$57K$57K
Other expenses (24a–d)Ln 24$170K$170K$375
All other expensesLn 24e$15K$15K
Total functional expensesLn 25$1.1M$1.0M$33K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 26, 2026 $1.0M$1.1M−$44K$516K 990 PDF
FY2024Filed with the IRS Sep 9, 2025 $1.1M$826K$278K$560K 990 PDF
FY2023Filed with the IRS May 23, 2024 $838K$710K$128K$274K 990 PDF
FY2022Filed with the IRS Sep 7, 2023 $406K$260K$146K$146K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments O · Explanations
See the full FY2025 990
Part I · Summary $1,027,984 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $269,318$53,388
I-9 Program service revenuePrior year $630,043$802,892
I-10 Investment incomePrior year $206$4,218
I-11 Other revenuePrior year $204,728$167,486
I-12 Total revenuePrior year $1,104,295$1,027,984
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $229,091$275,340
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $596,974$796,398
I-18 Total expensesPrior year $826,065$1,071,738
I-19 Revenue less expensesPrior year $278,230−$43,754
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,027,984 across 7 lines filed
Lines not itemized here account for $131,710 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$53,388
VIII-1h Total contributions, gifts and grants$53,388
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $802,892$802,892
VIII-3 Investment incomeRelated to mission $4,218$4,218
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35,776$35,776
VIII-12 Total revenueRelated to mission $974,596 · Unrelated business $0 · Excluded from tax $0$1,027,984
Part IX · Statement of functional expenses $1,071,738 across 16 lines filed
IX-7 Other salaries and wagesPrograms $248,200$248,200
IX-8 Pension plan contributionsPrograms $4,604$4,604
IX-10 Payroll taxesPrograms $22,536$22,536
IX-11b Legal feesManagement $13,871$13,871
IX-11c Accounting feesManagement $16,537$16,537
IX-11g Other fees for servicesPrograms $57,661$57,661
IX-12 Advertising and promotionFundraising $5,402$5,402
IX-13 Office expensesManagement $2,084$2,084
IX-14 Information technologyPrograms $3,358$3,358
IX-16 OccupancyPrograms $266,757$266,757
IX-17 TravelPrograms $33$33
IX-20 InterestPrograms $124,135$124,135
IX-22 Depreciation, depletion and amortizationPrograms $64,463$64,463
IX-23 InsurancePrograms $56,729$56,729
IX-24 Other expenses (24a–d)Programs $169,533 · Management $375$169,908
IX-24e All other expensesPrograms $15,460$15,460
IX-25 Total functional expensesPrograms $1,033,469 · Management $32,867 · Fundraising $5,402$1,071,738
Part X · Balance sheet $2,268,480 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $90,774$94,302
X-4 Accounts receivableStart of year $6,520$1,750
X-10c Land, buildings and equipment, netStart of year $2,144,475$2,172,428
X-16 Total assetsStart of year $2,241,769$2,268,480
X-17 Accounts payable and accrued expensesStart of year $5,850$102,796
X-23 Secured mortgages and notes payableStart of year $1,669,737$1,631,369
X-25 Other liabilitiesStart of year $6,639$18,526
X-26 Total liabilitiesStart of year $1,682,226$1,752,691
X-27 Net assets without donor restrictionsStart of year $559,543$515,789
X-32 Total net assets or fund balancesStart of year $559,543$515,789
X-33 Total liabilities and net assetsStart of year $2,241,769$2,268,480
Part XI · Reconciliation of net assets $515,789 net assets at year end
XI-1 Total revenue$1,027,984
XI-2 Total expenses$1,071,738
XI-3 Revenue less expenses−$43,754
XI-4 Net assets at start of year$559,543
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$515,789

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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