Prosecutor Accountability Project EIN 85-2689531

Prosecutor Accountability Project FY2022 filing

EIN  85-2689531 Public charity (501(c)(3)) Greensboro, NC
Form 990 (PDF)
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Size
<$100K
What they do
Improves prosecutor transparency and accountability through bipartisan reform efforts.
Leadership
Corey Carter · Executive Director · $50K
Money in and out
$251K revenue, $229K expenses
Bottom line
92% program efficiency

Improves prosecutor transparency and accountability through bipartisan reform efforts. For fiscal year 2022 it reported $251K in revenue, $229K in expenses, and $-48K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$-48K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $22K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
1.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$251K
FY2022
Expenses
$229K
FY2022
Total assets
$27K
FY2022
Total liabilities
$75K
FY2022
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$-48K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$22K
Total assetsPt X · Ln 16$27K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $211K of program spending, described in the organization's own filed words · FY2021.
01

The foundation for prosecutorial accountability is a 501(c)(3) non-profit established in 2020 to promote a just legal system and prevent prosecutorial misconduct by:performing research to develop data related to prosecutorial misconduct;collaborating with prosecutors, criminal defense attorneys, judges, academics, and engaged non-profits…

$211Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProsecutor Accountability Project
EINHdr · item D85-2689531
Principal addressHdr · item CGreensboro, NC
WebsiteHdr · item Jaccountableprosecutors.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B05)
Ruling yearIRS BMFMar 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$50,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Corey Carter’s $50K as Executive Director is at the 90th percentile of top reported officer pay among 144 <$100K education 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.

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Statement of Revenue

Part VIII
Contributions & grants100%$251K
Investment income$17
Total revenueLn 12$251K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$211K
Management & general8%$18K
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$27K
Total assetsLn 16$27K
Total liabilitiesLn 26$75K
Total net assetsLn 32$-48K
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $27K · Operating expenses/yr $229K
1.4 months
Where the money goes
Program services
Program services $211K · Total expenses $229K
92%
Management & General
Management & general $18K · Total expenses $229K
8%
Fundraising
Fundraising $0 · Total expenses $229K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $251K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $251K · Total revenue $251K
100%
Government reliance
Government grants — · Total revenue $251K
Earned-income share
Program service revenue $0 · Total revenue $251K
0%
Investment reliance
Investment income $17 · Total revenue $251K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $229K
0%
Growth & trend
Revenue growth (YoY)
This year $251K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-48K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $251K · Expenses $229K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $27K
Net-asset ratio
Net assets $-48K · Total assets $27K
-175%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $27K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Corey Carter · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $50K · Total expenses $229K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $45K · Total expenses $229K
20%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Legal fee ratio 1%
Accounting fee ratio 1%

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 · FY2024
Total grants receivedfrom 1 funder$250K
Grants paid · 11 grants · $532K · 2021–2024
Wake Forest UniversityNC · FY2024$100,000
Wake Forest UniversityNC · FY2023$100,000
Wake Forest UniversityNC · FY2022$140,000
Wake Forest UniversityNC · FY2021$110,000
Foundation for LouisianaLA · FY2021$12,000
Unitemized GrantFY2021$10,000
Unitemized GrantFY2021$10,000

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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
FY2025 (Latest)$18 revenue · ⤓ 990 PDF
FY2024$250K revenue · ⤓ 990 PDF
FY2023$200K revenue · ⤓ 990 PDF
FY2022$251K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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