The 1017 Project FY2023 filing

Powell Butte, OR · Public charity (501(c)(3)) · Food & Agriculture

✓ Tax-deductible
Revenue
$401K
-28% vs prior year
Spent
$554K
To programs
82%
Net assets
$501K
By yearFY2020–FY2025
Revenue
$401K
FY2023▼ -28%
Revenue by fiscal year
FY2020$615K
FY2021$962K
FY2022$555K
FY2023$401K
FY2024$468K
FY2025$288K
Expenses
$554K
FY2023▲ +6%
Expenses by fiscal year
FY2020$575K
FY2021$1.0M
FY2022$524K
FY2023$554K
FY2024$568K
FY2025$365K
Net assets
$501K
FY2023▼ -23%
Net assets by fiscal year
FY2020$671K
FY2021$624K
FY2022$654K
FY2023$501K
FY2024$402K
FY2025$325K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe 1017 Project
EINHdr · item D82-3027333
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2019
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPowell Butte, OR
NTEE classificationIRS BMFFood & Agriculture (K31)
WebsiteHdr · item J1017project.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.12 Fundraising $0.06
Program services82%$456K
Management & general12%$65K
Fundraising6%$32K
Total functional expensesLn 25$554K

Financial health

Is it on solid ground?

Program efficiency
82%
of spending reaches programs
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-38%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$503K
FY2023▼ -23%
Total assets by fiscal year
FY2020$686K
FY2021$625K
FY2022$656K
FY2023$503K
FY2024$403K
FY2025$327K
Total liabilities
$1K
FY2023▼ -22%
Total liabilities by fiscal year
FY2020$15K
FY2021$2K
FY2022$2K
FY2023$1K
FY2024$884
FY2025$2K
Revenue less expensesPt I · Ln 19−$153K
Total assetsPt X · Ln 16$503K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 44

Balance Sheet

Part X · end of year
CashLn 1$148K
Total assetsLn 16$503K
Total liabilitiesLn 26$1K
Total net assetsLn 32$501K
Months of cash on handcomputed3.2

Statement of Revenue

Part VIII
Program service revenue$238K · 59%
Contributions & grants$143K · 36%
Other revenue$20K · 5%
Program service revenue59%$238K
Contributions & grants36%$143K
Other revenue5%$20K
Investment income$2
Total revenueLn 12$401K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $148K · Operating expenses (Pt IX) $554K · Less non-cash grants $23K · Cash operating expenses/yr $531K
3.4 months
Where the money goes
Program services
Program services $456K · Total expenses $554K
82%
Management & General
Management & general $65K · Total expenses $554K
12%
Fundraising
Fundraising $32K · Total expenses $554K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $278K
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $143K · Total revenue $401K
36%
Government reliance
Government grants — · Total revenue $401K
—
Earned-income share
Program service revenue $238K · Total revenue $401K
59%
Investment reliance
Investment income $2 · Total revenue $401K
<0.01%
Program self-sufficiency
Program service revenue $238K · Total expenses $554K
43%
Growth & trend
Revenue growth (YoY)
This year $401K · Prior year $555K
-28%
Net-asset trend (YoY)
End of year $501K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $401K · Expenses $554K
-38%
Liabilities-to-Assets
Total liabilities — · Total assets $503K
—
Net-asset ratio
Net assets $501K · Total assets $503K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $503K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lacey Weaver · Reported title SECRETARY · Highest reported compensation $36K · Total expenses $554K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $104K · Total expenses $554K
19%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 12%——
Fundraising cost ratio 23%——
Revenue growth -28%——
Accounting fee ratio 1%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$35,504Pt VII · Sec A
Director
$34,944Pt VII · Sec A
Executive Director
$24,504Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jordon Weaver’s $36K as Executive Director is at the 36th percentile of top reported officer pay among 1171 $100K–1M food & agriculture 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jordon Weaver$35,985$46,500$24,504$18,168$15,577$15,577
Holly McLane$25,212$36,524$34,944$27,816$26,418$26,418
Lacey Weaver—$4,000$35,504$29,168$27,000$15,000

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.

See The 1017 Project executive salaries →

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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 4Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Supplies local food banks with high-quality beef.

Provided by the organization

This section is blank until The 1017 Project claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $456K of program spending, described in the organization's own filed words · FY2023.
01

The 1017 project is a "barrier-free" program that gets protein into the hands of food-insecure people, regardless of whether or not they qualify for assistance.

$456Kprogram expense

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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 →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $288K$365K-38% 990 PDF
FY2024 $468K$568K+17% 990 PDF
FY2023 Viewing $401K$554K-28% 990 PDF
FY2022 $555K$524K-42% 990 PDF
FY2021 $962K$1.0M+57% 990 PDF
FY2020 $615K$575K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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