Project Home Foundation FY2020 filing

Tax-deductible

N Charleston, SC501(c)(3)Foundations & GrantmakersEIN 83-3114962Revenue $65K in FY2020

On file with the IRSprojecthomesc.orgPo Box 42065, 29423-2065 · N Charleston, SCTax-exempt since Jun 2019Publicly supported charity — 170(b)(1)(A)(vi)

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The Home will provide lodging, food, and parental support to the homeless young adults who will be housed.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$65K
Spent
$50K
To programs
85%
Net assets
$304K
By yearFY2020–FY2025
Revenue
$65K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$65K
FY2021$54K
FY2022$101K
FY2023$55K
FY2024$104K
FY2025$51K
Net assets
$304K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$304K
FY2021$307K
FY2022$361K
FY2023$348K
FY2024$396K
FY2025$395K

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

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

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $43K Management & general 15% · $8K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Project Home Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers lodging, food, and parental support to homeless young adults.

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Provided by the organization

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1 program · $43K · in their own filed words · FY2019
01

Our expected outcomes are to see a decrease in drop-out rates for male students that are displaced and participate in the program; an increase in academic grades, including gpa for participating students; an increase in participant's school attendance; and a higher percentage of students that participate in the program pursuing higher…

$43Kprogram 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
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$65K
Ln 12
Gifts and grantsLn 1h$65K
Money outPt IX
$50K
Ln 25
Programscol B$43K
Managementcol C$8K
Owns and owesPt X
$304K
net assets · Ln 32
Cash and savingsLn 1–2$62K
Total assetsLn 16$304K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$65K
Total revenueLn 12$65K
Assets in detailPt X, end of year
CashLn 1$62K
Cash and savings togetherLn 1–2$62K
Land, buildings, equipmentLn 10c$242K
Total assetsLn 16$304K
LiabilitiesLn 26$0
Net assetsLn 32$304K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$41K$62K
Land, buildings, equipmentLn 10c$249K$242K
Total assetsLn 16$290K$304K
LiabilitiesLn 26$0$0
Net assetsLn 32$290K$304K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$6K$6K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$34K$26K$8K
Total functional expensesLn 25$50K$43K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $51K$395K 990 PDF
FY2024 $104K$396K 990 PDF
FY2023 $55K$348K 990 PDF
FY2022 $101K$361K 990 PDF
FY2021 $54K$307K 990 PDF
FY2020 Viewing $65K$50K$14K$304K 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
See the full FY2020 990 (6 parts)
Part I · Summary $64,645 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $309,103$64,645
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $309,103$64,645
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,096$50,329
I-18 Total expensesPrior year $19,096$50,329
I-19 Revenue less expensesPrior year $290,007$14,316
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $64,645 across 3 lines filed
VIII-1f All other contributions, gifts and grants$64,645
VIII-1h Total contributions, gifts and grants$64,645
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$64,645
Part IX · Statement of functional expenses $50,329 across 4 lines filed
IX-16 OccupancyPrograms $5,625$5,625
IX-22 Depreciation, depletion and amortizationPrograms $6,415$6,415
IX-23 InsurancePrograms $4,224$4,224
IX-24 Other expenses (24a–d)Programs $26,311 · Management $7,754$34,065
IX-25 Total functional expensesPrograms $42,575 · Management $7,754 · Fundraising $0$50,329
Part X · Balance sheet $304,323 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $41,092$61,823
X-10c Land, buildings and equipment, netStart of year $248,915$242,500
X-16 Total assetsStart of year $290,007$304,323
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $290,007$304,323
X-33 Total liabilities and net assetsStart of year $290,007$304,323
Part XI · Reconciliation of net assets $304,323 net assets at year end
XI-1 Total revenue$64,645
XI-2 Total expenses$50,329
XI-3 Revenue less expenses$14,316
XI-4 Net assets at start of year$290,007
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$304,323

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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