Project 42 FY2020 filing

Pacific, WAUnknown exempt organization EIN 84-4888807Revenue $403K in FY2020

On file with the IRS277 Stewart Rd Sw · Pacific, WA

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To support building infrastructure in washington state around free markets, personal liberty, and public safety.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $77K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$403K
Spent
$401K
To programs
96%
Net assets
$1K
By yearFY2020–FY2024
Revenue
$403K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$403K
FY2021$954K
FY2022$2.0M
FY2023$3.3M
FY2024$4.3M
Expenses
$401K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$401K
FY2021$823K
FY2022$2.1M
FY2023$3.2M
FY2024$4.0M
Net assets
$1K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1K
FY2021$133K
FY2022$8K
FY2023$58K
FY2024$383K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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% · $385K Management & general 4% · $16K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Chair/Treasurer
$0Pt VII · Sec A
Director/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Project 42 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes free markets, personal liberty, and public safety through infrastructure building in Washington State.

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Provided by the organization

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3 programs · $385K · in their own filed words · FY2020
01

League of Our Own

A female candidate recruiting and training platform.

$210Kprogram expense
02

Citizens Action Defense Fund

Holds the government accountable to both washington state and the U.S. Constitution.

$100Kprogram expense
03

Change Washington

A media operations organization that focuses on accountability and public safety issues in seattle.

$75Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$5K
Grants paid · 23 grants · $5.7M · 2020–2024
Franklin News FoundationIL · FY2024$1,206,550
League of Our Own WashingtonWA · FY2024$552,500
Citizen Action Defense FundWA · FY2024$300,000
Change WashingtonWA · FY2024$50,000
Full Court PressFY2024$40,000
Washington Veterans VoteWA · FY2024$25,000
Franklin News FoundationIL · FY2023$825,840
Citizen Action Defense FundWA · FY2023$375,000
League of Our Own WashingtonWA · FY2023$357,519
Discovery InstituteWA · FY2023$75,000
Change WashingtonWA · FY2023$40,000
Lucy Burns Institute INCWI · FY2023$10,000
Franklin News FoundationIL · FY2022$798,635
League of Our Own WashingtonWA · FY2022$151,965
Citizen Action Defense FundWA · FY2022$75,000
Discovery InstituteWA · FY2022$50,000
Change WashingtonWA · FY2022$20,000
Franklin News FoundationIL · FY2021$239,000
See all 23 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$403K
Ln 12
Gifts and grantsLn 1h$403K
Money outPt IX
$401K
Ln 25
Programscol B$385K
Managementcol C$16K
Owns and owesPt X
$1K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$1K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$403K
Total revenueLn 12$403K
Assets in detailPt X, end of year
CashLn 1$1K
Cash and savings togetherLn 1–2$1K
Total assetsLn 16$1K
LiabilitiesLn 26$0
Net assetsLn 32$1K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY20End FY20
Cash and savingsLn 1–2$0$1K
Total assetsLn 16$0$1K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$1K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$225K$225K
Legal feesLn 11b$12K$12K
Other fees for servicesLn 11g$369$369
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$63$63
Other expenses (24a–d)Ln 24$160K$160K
Total functional expensesLn 25$401K$385K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.3M$4.0M$326K$383K 990 PDF
FY2023 $3.3M$3.2M$50K$58K 990 PDF
FY2022 $2.0M$2.1M−$125K$8K 990 PDF
FY2021 $954K$823K$131K$133K 990 PDF
FY2020 Viewing $403K$401K$1K$1K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $402,688 revenue, 12 lines filed
I-8 Contributions and grants$402,688
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$402,688
I-13 Grants and similar amounts paid$225,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$176,224
I-18 Total expenses$401,224
I-19 Revenue less expenses$1,464
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $402,688 across 3 lines filed
VIII-1f All other contributions, gifts and grants$402,688
VIII-1h Total contributions, gifts and grants$402,688
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$402,688
Part IX · Statement of functional expenses $401,224 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $225,000$225,000
IX-11b Legal feesManagement $12,290$12,290
IX-11g Other fees for servicesManagement $369$369
IX-12 Advertising and promotionManagement $3,250$3,250
IX-13 Office expensesManagement $63$63
IX-24 Other expenses (24a–d)Programs $160,252$160,252
IX-25 Total functional expensesPrograms $385,252 · Management $15,972 · Fundraising $0$401,224
Part X · Balance sheet $1,464 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $0$1,464
X-16 Total assetsStart of year $0$1,464
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$1,464
X-32 Total net assets or fund balancesStart of year $0$1,464
X-33 Total liabilities and net assetsStart of year $0$1,464
Part XI · Reconciliation of net assets $1,464 net assets at year end
XI-1 Total revenue$402,688
XI-2 Total expenses$401,224
XI-3 Revenue less expenses$1,464
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,464

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

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