Project Connection Foundation EIN 83-1948572

Project Connection Foundation

EIN  83-1948572 Public charity (501(c)(3)) W Valley City, UT 1 follower
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/30/26 · see original filing: IRS
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Size
$1–10M
What they do
Offers mental health therapy and counseling services.
Leadership
Lennie Knowlton · Executive Director · $130K
Money in and out
$3.0M revenue, $3.1M expenses
Bottom line
61% program efficiency

Offers mental health therapy and counseling services. For fiscal year 2024 it reported $3.0M in revenue, $3.1M in expenses, and $304K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$3.0M
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$304K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$69K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.39
Program efficiency
61%
of spending reaches programs0% vs prior filing year
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate▼ -36% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -357% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$3.0M
FY2024▲ +8%
Expenses
$3.1M
FY2024▲ +10%
Total assets
$1.8M
FY2024▼ -10%
Total liabilities
$1.5M
FY2024▼ -8%
Total revenue
$3.0M
Pt VIII · Ln 12
Total expenses
$3.1M
Pt IX · Ln 25
Net assets
$304K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$69K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $1.7M of program spending, described in the organization's own filed words · FY2024.
01

Outpatient Clinic Services

Providing mental health therapy and counseling services to insured, uninsured and underinsured clients. Since its inception in 2019, the clinic has served in excess of 2900 clients. Project connection is also a contracted provider with utah medicaid, salt lake county medicaid, and tooele county medicaid.

$782Kprogram expense
02

School Based Therapy Services

Partnering with the canyons & murray school districts in salt lake county to provide mental health services in over 20 elementary, middle, and high schools. Project connection also provided services for a charter school in west valley, ut, juan diego catholic high school in draper, ut, and rowland hall in salt lake city, ut.

$631Kprogram expense
03

Youth Club (respite)

2024 brought continued growth in project connection's youth club program (respite). This program supports families with children receiving SL county medicaid services. The respite program provides time to FAMILIES/PARENTS allowing them opportunity for productive or relief time while others take charge of their children on a weekly or…

$283Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Connection Foundation
EINHdr · item D83-1948572
Principal addressHdr · item CW Valley City, UT
WebsiteHdr · item Jwww.projectconnection.co
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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
$129,546Pt VII · Sec A
Finance Director
$105,021Pt VII · Sec A
Clinical Director
$98,342Pt VII · Sec A
Development Director
$96,924Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lennie Knowlton$129,546$135,550$112,023$110,018$66,000
Russ Wade$107,620$103,684$100,058$66,000
Dawn Benson$105,021$97,750$70,423
Emily Dixon$98,342$98,080$88,747$83,657$70,138
Jennifer Holmberg$96,924$87,233$44,432
Tara Pennington$74,871$48,025

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
Program service revenue$3.0M · 98%
Contributions & grants$73K · 2%
Program service revenue98%$3.0M
Contributions & grants2%$73K
Investment income$2K
Total revenueLn 12$3.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.39
Program services61%$1.9M
Management & general39%$1.2M
Total functional expensesLn 25$3.1M

Balance Sheet

Part X · end of year
CashLn 1$171K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$1.5M
Total net assetsLn 32$304K
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $171K · Operating expenses/yr $3.1M
0.7 months
Where the money goes
Program services
Program services $1.9M · Total expenses $3.1M
61%
Management & General
Management & general $1.2M · Total expenses $3.1M
39%
Fundraising
Fundraising $0 · Total expenses $3.1M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $71K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $73K · Total revenue $3.0M
2%
Government reliance
Government grants — · Total revenue $3.0M
Earned-income share
Program service revenue $3.0M · Total revenue $3.0M
98%
Investment reliance
Investment income $2K · Total revenue $3.0M
0%
Program self-sufficiency
Program service revenue $3.0M · Total expenses $3.1M
95%
Growth & trend
Revenue growth (YoY)
This year $3.0M · Prior year $2.8M
+8%
Revenue CAGR
FY2020 $1.0M · FY2024 $3.0M
+32%
Net-asset trend (YoY)
End of year $304K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.0M · Expenses $3.1M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $304K · Total assets $1.8M
16%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lennie Knowlton · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $130K · Total expenses $3.1M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.6M · Total expenses $3.1M
83%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 39%
Fundraising cost ratio 0%
Revenue growth 8%
Accounting fee ratio 2%

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
Total grants receivedfrom 1 funder$43K

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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)$3.0M revenue · viewing · ⤓ 990 PDF
FY2023$2.8M revenue · ⤓ 990 PDF
FY2022$2.2M revenue · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$1.0M 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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