Project 114 EIN 88-2299501

Project 114

EIN  88-2299501 Religious organization Mason, OH Founded 2022
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Size
$100K–1M
What they do
Equips pastors and churches facing hardship with practical and spiritual tools for healing and transformation.
Leadership
Simon Rattray · Founder & CEO
Money in and out
$345K revenue, $340K expenses
Bottom line
83% program efficiency

Equips pastors and churches facing hardship with practical and spiritual tools for healing and transformation. For fiscal year 2025 it reported $345K in revenue, $340K in expenses, and $319K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$345K
Pt VIII · Ln 12
Total expenses
$340K
Pt IX · Ln 25
Net assets
$319K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.09 Fundraising $0.08
Program efficiency
83%
of spending reaches programs▼ -16% vs prior filing year
Operating runway
11.0mo
months of highly liquid reserves at operating expense rate▼ -62% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▼ -98% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$345K
FY2025▼ -21%
Expenses
$340K
FY2025▲ +140%
Total assets
$319K
FY2025▲ +2%
Total liabilities
$0
FY2025
Total revenue
$345K
Pt VIII · Ln 12
Total expenses
$340K
Pt IX · Ln 25
Net assets
$319K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5K
Total assetsPt X · Ln 16$319K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $282K of program spending, described in the organization's own filed words · FY2025.
01

Program Title

"Pastoral Care and Consulting" Cultural consultants are engaged to provide diverse perspectives on integrating faith and strategic decision-making into business planning through the fields of ethics, best practices, and pastoral care, whilst maintaining a healthy work-life balance. It engages approximately 150 participants.

$185Kprogram expense
02

Program Title

Planted For Purpose Trauma recovery courses that guides participants in understanding trauma related to religous and cultural persecution. Participants learn to have hope, healing, and forgiveness towards those who caused harm or persecution.

$97Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject 114
EINHdr · item D88-2299501
Principal addressHdr · item CMason, OH
WebsiteHdr · item Jwww.project114.org
Year of formationHdr · item L2022
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFNov 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Founder & CEO
$0Pt VII · Sec A
Secretary & Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Project 114 executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$334K · 97%
Program service revenue$9K · 3%
Investment income$2K · 1%
Contributions & grants97%$334K
Program service revenue3%$9K
Investment income1%$2K
Total revenueLn 12$345K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.09 Fundraising $0.08
Program services83%$282K
Management & general9%$32K
Fundraising8%$27K
Total functional expensesLn 25$340K

Balance Sheet

Part X · end of year
CashLn 1$310K
Total assetsLn 16$319K
Total liabilitiesLn 26$0
Total net assetsLn 32$319K
Months of cash on handcomputed11.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $310K · Operating expenses/yr $340K
11.0 months
Where the money goes
Program services
Program services $282K · Total expenses $340K
83%
Management & General
Management & general $32K · Total expenses $340K
9%
Fundraising
Fundraising $27K · Total expenses $340K
8%
Cost to raise $1
Fundraising expense (2-yr avg) $14K · Solicited contributions (2-yr avg) $298K
$0.05 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $334K · Total revenue $345K
97%
Government reliance
Government grants $0 · Total revenue $345K
0%
Earned-income share
Program service revenue $9K · Total revenue $345K
3%
Investment reliance
Investment income $2K · Total revenue $345K
+1%
Program self-sufficiency
Program service revenue $9K · Total expenses $340K
3%
Growth & trend
Revenue growth (YoY)
This year $345K · Prior year $437K
-21%
Net-asset trend (YoY)
End of year $319K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $345K · Expenses $340K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $319K
Net-asset ratio
Net assets $319K · Total assets $319K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $319K
0%
People & payroll
Highest Reported Total Compensation
Individual Simon Rattray · Reported title Founder & CEO · Highest reported compensation $0 · Total expenses $340K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $340K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 9%
Fundraising cost ratio 8%
Revenue growth -21%

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$301K
Grants paid · 3 grants · $70K · 2025–2025
The SignatoryKS · FY2025$50,000
Unleash LoveOH · FY2025$10,000
New GenerationsIL · FY2025$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)$345K revenue · viewing · ⤓ 990 PDF
FY2024$437K revenue · ⤓ 990 PDF
FY2023$177K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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