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Project Advantage EIN 82-2229010

Project Advantage FY2022 filing

EIN  82-2229010 Public charity (501(c)(3)) Cedar Springs, MI Founded 2021
Form 990 (PDF)
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Size
$1–10M
What they do
Operates a sportsplex for community benefit.
Leadership
Travis Mikulenas · Director
Money in and out
$406K revenue, $260K expenses
Bottom line
81% program efficiency

Operates a sportsplex for community benefit. For fiscal year 2022 it reported $406K in revenue, $260K in expenses, and $146K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$406K
Pt VIII · Ln 12
Total expenses
$260K
Pt IX · Ln 25
Net assets
$146K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $146K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program efficiency
81%
of spending reaches programs
Operating runway
5.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$406K
FY2022
Expenses
$260K
FY2022
Total assets
$2.3M
FY2022
Total liabilities
$2.2M
FY2022
Total revenue
$406K
Pt VIII · Ln 12
Total expenses
$260K
Pt IX · Ln 25
Net assets
$146K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$146K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $210K of program spending, described in the organization's own filed words · FY2022.
01

Cedar Rock Sportsplex is home to RAMS Hockey, SCOR Soccer, Cedar Springs AYSO, Area K9 clubs, Corn Hole leagues, Adult Hockey and Soccer Leagues and more! Project Advantage is the 501c3 non-profit that owns and operates the sportsplex for the benefit of the community.

$210Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Advantage
EINHdr · item D82-2229010
Principal addressHdr · item CCedar Springs, MI
WebsiteHdr · item Jwww.cedarrocksportsplex.org
Year of formationHdr · item L2021
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N64)
Ruling yearIRS BMFJul 2019

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 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jamie Moore
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$243K · 60%
Contributions & grants$122K · 30%
Other revenue$41K · 10%
Program service revenue60%$243K
Contributions & grants30%$122K
Other revenue10%$41K
Total revenueLn 12$406K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.18 Fundraising $0.01
Program services81%$210K
Management & general18%$48K
Fundraising1%$2K
Total functional expensesLn 25$260K

Balance Sheet

Part X · end of year
CashLn 1$114K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$2.2M
Total net assetsLn 32$146K
Months of cash on handcomputed5.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $114K · Operating expenses/yr $260K
5.3 months
Where the money goes
Program services
Program services $210K · Total expenses $260K
81%
Management & General
Management & general $48K · Total expenses $260K
18%
Fundraising
Fundraising $2K · Total expenses $260K
1%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $122K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $122K · Total revenue $406K
30%
Government reliance
Government grants — · Total revenue $406K
—
Earned-income share
Program service revenue $243K · Total revenue $406K
60%
Investment reliance
Investment income $0 · Total revenue $406K
0%
Program self-sufficiency
Program service revenue $243K · Total expenses $260K
94%
Growth & trend
Revenue growth (YoY)
This year $406K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $146K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $406K · Expenses $260K
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
—
Net-asset ratio
Net assets $146K · Total assets $2.3M
6%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Travis Mikulenas · Reported title Director · Highest reported compensation $0 · Total expenses $260K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $49K · Total expenses $260K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 18%——
Fundraising cost ratio 2%——
Accounting fee ratio 0%——

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
Fidelity Investments Charitable Gift FundFY2024$135K
Vanguard Charitable Endowment ProgramFY2024$12K
Grand Rapids Community FoundationFY2024$10K
Donor Advised Charitable Giving INCFY2024$10K
Total grants receivedfrom 4 funders$168K
See all 4 funders →

Similar Organizations

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Advantage Sports Academy LLCHI
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Youth Advantage INCMN
Equity Project Alliance INCFL
Friends of Advantage INCGA
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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)$1.0M revenue · ⤓ 990 PDF
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$838K revenue · ⤓ 990 PDF
FY2022$406K revenue · viewing · ⤓ 990 PDF

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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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