Project N95 EIN 85-0570065

Project N95

EIN  85-0570065 Public charity (501(c)(3)) New York, NY
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Size
$100K–1M
What they do
Provides equitable access to safety resources for communities during the pandemic.
Leadership
Geoffrey Bonn · CFO/COO · $97K
Money in and out
$621K revenue, $1.9M expenses
Bottom line
76% program efficiency

Provides equitable access to safety resources for communities during the pandemic. For fiscal year 2023 it reported $621K in revenue, $1.9M in expenses.Pt I

Where the money goes · FY2023
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.3M
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.22 Fundraising $0.02
Program efficiency
76%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate▼ -53% vs prior filing year
Surplus margin
-212%
revenue over expenses, this year▼ -1750% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$621K
FY2023▼ -84%
Expenses
$1.9M
FY2023▼ -41%
Total assets
$622K
FY2023▼ -73%
Total liabilities
$622K
FY2023▲ +32%
Total revenue
$621K
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.3M
Total assetsPt X · Ln 16$622K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2023.
01

Non-profit marketplace for personal protective equipment (ppe) and COVID-19 diagnostic tests that enable the public and frontline workers to purchase low order quantities of vetted ppe items. Retail ecommerce was 100% of activity.

$1.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject N95
EINHdr · item D85-0570065
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.projectn95.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E60)
Ruling yearIRS BMFJul 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$97,457Pt 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
Executive Director
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Geoffrey Bonn’s $97K as CFO/COO is at the 79th percentile of top reported officer pay among 1966 $100K–1M health care 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 · 1 named individual · Part VII

NameFY2023FY2022FY2021
Geoffrey Bonn$97,457$123,340$106,040

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$523K · 84%
Contributions & grants$83K · 13%
Other revenue$15K · 2%
Program service revenue84%$523K
Contributions & grants13%$83K
Other revenue2%$15K
Total revenueLn 12$621K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.22 Fundraising $0.02
Program services76%$1.5M
Management & general22%$421K
Fundraising2%$45K
Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year
CashLn 1$622K
Total assetsLn 16$622K
Total liabilitiesLn 26$622K
Total net assetsLn 32$0
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $622K · Operating expenses/yr $1.9M
3.8 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.9M
76%
Management & General
Management & general $421K · Total expenses $1.9M
22%
Fundraising
Fundraising $45K · Total expenses $1.9M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $134K · Solicited contributions (3-yr avg) $162K
$0.83 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $83K · Total revenue $621K
13%
Government reliance
Government grants — · Total revenue $621K
Earned-income share
Program service revenue $523K · Total revenue $621K
84%
Investment reliance
Investment income $0 · Total revenue $621K
0%
Program self-sufficiency
Program service revenue $523K · Total expenses $1.9M
27%
Growth & trend
Revenue growth (YoY)
This year $621K · Prior year $3.8M
-84%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $621K · Expenses $1.9M
-212%
Liabilities-to-Assets
Total liabilities — · Total assets $622K
Net-asset ratio
Net assets $0 · Total assets $622K
0%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $622K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Geoffrey Bonn · Reported title CFO/COO · Highest reported compensation $97K · Total expenses $1.9M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $411K · Total expenses $1.9M
21%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 22%
Fundraising cost ratio 54%
Revenue growth -84%
Legal fee ratio 0%
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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$145
Grants paid · 1 grant · $14K · 2021–2021
C19 CoalitionCA · FY2021$13,500

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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
FY2023 (Latest)$621K revenue · viewing · ⤓ 990 PDF
FY2022$3.8M revenue · ⤓ 990 PDF
FY2021$3.2M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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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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