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Project Discovery FY2023 filing

Tax-deductible

Reno, NV501(c)(3)Mental Health EIN 85-1253094Revenue $309K in FY2023

On file with the IRSprojectdiscovery.com1110 Sky Tavern Rd, 89511-2798 · Reno, NVTax-exempt since May 2021Publicly supported — 509(a)(2)

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Project Discovery challenge progrmas consist of progressive dynamic learning activities. From table top meeting activities to highelements 60 feet in the trees, we have something to challenge every participant and every group. We ar the premier provider of high pperformance training and adventure learning. The developing skills are in leadership, problem solving, initiative and self reliance, communication and team building.

501(c)(3) charity; gifts are tax-deductible.
83¢ 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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FY2023 · 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
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
3 of 4
filings with a surplus
Average surplus $13K a year · 5% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$26K
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
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
$309K
+7% vs prior year
Spent
$345K
To programs
83%
Net assets
$25K
By yearFY2021–FY2024
Revenue
$309K
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2021$144K
FY2022$290K
FY2023$309K
FY2024$327K
Expenses
$345K
FY2023▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2021$90K
FY2022$282K
FY2023$345K
FY2024$301K
Net assets
$25K
FY2023▼ -60%
Tap a bar for its year
Net assets by fiscal year
FY2021$54K
FY2022$62K
FY2023$25K
FY2024$51K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 ruling in May 2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $287K Management & general 17% · $58K

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Selby
President
$0Pt VII · Sec A

Mike Selby’s $70K as President is at the 58th percentile of top reported officer pay among 2094 $100K–1M mental health 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 · 2 named individuals · Part VII

NameFY2024FY2021
Mike Selby$70,200$10,500
Mandy Carpenter—$4,320

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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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

Offers adventure learning and high-performance training to build leadership and teamwork skills.

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1 program · $127K · in their own filed words · FY2023
01

Project discovery

$127Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$309K
Ln 12
Fees for servicesLn 2g$309K
Money outPt IX
$345K
Ln 25
Programscol B$287K
Managementcol C$58K
Owns and owesPt X
$25K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$51K
LiabilitiesLn 26$26K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$309K
Total revenueLn 12$309K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
Land, buildings, equipmentLn 10c$744
Total assetsLn 16$51K
LiabilitiesLn 26$26K
Net assetsLn 32$25K
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$66K$50K
Land, buildings, equipmentLn 10c$744
Total assetsLn 16$75K$51K
LiabilitiesLn 26$13K$26K
Net assetsLn 32$62K$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$141K$141K
Payroll taxesLn 10$14K$14K
Legal feesLn 11b$14K$14K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$2K$2K
TravelLn 17$6K$6K
InterestLn 20$59$59
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$100K$100K
All other expensesLn 24e$45K$22K$23K
Total functional expensesLn 25$345K$287K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $327K$301K$26K$51K 990 PDF
FY2023 Viewing $309K$345K−$37K$25K 990 PDF
FY2022 $290K$282K$8K$62K 990 PDF
FY2021 $144K$90K$54K$54K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $308,669 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $289,711$308,669
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $289,711$308,669
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $169,819$154,454
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $112,321$191,016
I-18 Total expensesPrior year $282,140$345,470
I-19 Revenue less expensesPrior year $7,571−$36,801
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $308,669 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $308,669$308,669
VIII-12 Total revenueRelated to mission $308,669$308,669
Part IX · Statement of functional expenses $345,470 across 11 lines filed
IX-7 Other salaries and wagesPrograms $140,768$140,768
IX-10 Payroll taxesPrograms $13,686$13,686
IX-11b Legal feesManagement $14,141$14,141
IX-12 Advertising and promotionPrograms $1,032$1,032
IX-13 Office expensesManagement $1,889$1,889
IX-17 TravelPrograms $6,165$6,165
IX-20 InterestPrograms $59$59
IX-22 Depreciation, depletion and amortizationPrograms $3,906$3,906
IX-23 InsuranceManagement $19,045$19,045
IX-24 Other expenses (24a–d)Programs $99,760$99,760
IX-24e All other expensesPrograms $21,619 · Management $23,400$45,019
IX-25 Total functional expensesPrograms $286,995 · Management $58,475 · Fundraising $0$345,470
Part X · Balance sheet $51,000 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $65,589$50,256
X-10c Land, buildings and equipment, net$744
X-16 Total assetsStart of year $74,695$51,000
X-25 Other liabilitiesStart of year $13,175$26,281
X-26 Total liabilitiesStart of year $13,175$26,281
X-27 Net assets without donor restrictionsStart of year $61,520$24,719
X-32 Total net assets or fund balancesStart of year $61,520$24,719
X-33 Total liabilities and net assetsStart of year $74,695$51,000
Part XI · Reconciliation of net assets $24,719 net assets at year end
XI-1 Total revenue$308,669
XI-2 Total expenses$345,470
XI-3 Revenue less expenses−$36,801
XI-4 Net assets at start of year$61,520
XI-10 Net assets at end of year$24,719

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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