Project Evident INC EIN 88-3216649 Form 990 (PDF) Claim this org

Project Evident INC FY2022 filing

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Improves social and educational outcomes through data analysis and evaluation support. For fiscal year 2022 it reported $591K in revenue, $149K in expenses, and $442K in net assets.Pt I

Founded
2022
Type
Public charity (501(c)(3)) · Community Development
Location
Boston, MA
Website
www.projectevident.org
Filings
3 on file (2022–2022)
Revenue
$591KFY2022
Expenses
$149K
Net assets
$442K
People
5
Filings
3
Updates
0
More identity details & actions ⌄
EIN  88-3216649 Public charity (501(c)(3)) Boston, MA Founded 2022
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/12/26 · see original: IRS
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Size
$10–100M
What they do
Improves social and educational outcomes through data analysis and evaluation support.
Leadership
Kelly Fitzsimmons · CEO, Treas Thru 7/31/22, Bd Member Thru 12/31/22 · $350K
Money in and out
$591K revenue, $149K expenses
Bottom line
40% program efficiency
Where the money goes · FY2022
Total revenue
$591K
Pt VIII · Ln 12
Total expenses
$149K
Pt IX · Ln 25
Net assets
$442K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $442K
Where spending went · Part IX cols B–D
Program services $0.40 Management & general $0.60
Program efficiency
40%
of spending reaches programs
Operating runway
35.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+75%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$591K
FY2022
Expenses
$149K
FY2022
Total assets
$442K
FY2022
Total liabilities
$0
FY2022
Total revenue
$591K
Pt VIII · Ln 12
Total expenses
$149K
Pt IX · Ln 25
Net assets
$442K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$442K
Total assetsPt X · Ln 16$442K
Program-expense ratioPt IX · col B40%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $59K of program spending, described in the organization's own filed words · FY2022.
01

This contract with the University of Cincinnati allowed PEI to provide Ohio Department of Education state support team members with training on how to review, interpret, and use data to inform school district's needs assessment. Project Evident delivered a series of training webinars and offered office hours as part of this contract.

$59Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Evident INC
EINHdr · item D88-3216649
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jwww.projectevident.org
Year of formationHdr · item L2022
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S50)
Ruling yearIRS BMFMar 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
CEO, Treas Thru 7/31/22, Bd Member Thru 12/31/22
$350,127Pt VII · Sec A
Managing Director
$251,312Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Kelly Fitzsimmons’s $352K as Chief Executive Officer is at the 62nd percentile of top reported officer pay among 572 $10–100M community development 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022
Kelly Fitzsimmons$351,938$183,816
Kelly Fitzsimmons$350,127
Bi Vuong Managing$283,747$135,474
Bi Vuong$251,312
Gabriel Rhoads$184,273
Diana Frothingham$183,746
Dustin Sposato$132,133
Matthew Hillard$128,941

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
Contributions & grants$552K · 94%
Program service revenue$38K · 6%
Contributions & grants94%$552K
Program service revenue6%$38K
Other revenue$660
Total revenueLn 12$591K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.40 Management & general $0.60
Program services40%$59K
Management & general60%$89K
Total functional expensesLn 25$149K

Balance Sheet

Part X · end of year
CashLn 1$442K
Total assetsLn 16$442K
Total liabilitiesLn 26$0
Total net assetsLn 32$442K
Months of cash on handcomputed35.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $442K · Operating expenses/yr $149K
35.6 months
Where the money goes
Program services
Program services $59K · Total expenses $149K
40%
Management & General
Management & general $89K · Total expenses $149K
60%
Fundraising
Fundraising $0 · Total expenses $149K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $552K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $552K · Total revenue $591K
94%
Government reliance
Government grants $0 · Total revenue $591K
0%
Earned-income share
Program service revenue $38K · Total revenue $591K
6%
Investment reliance
Investment income $0 · Total revenue $591K
0%
Program self-sufficiency
Program service revenue $38K · Total expenses $149K
25%
Growth & trend
Revenue growth (YoY)
This year $591K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $442K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $591K · Expenses $149K
+75%
Liabilities-to-Assets
Total liabilities — · Total assets $442K
Net-asset ratio
Net assets $442K · Total assets $442K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $442K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kelly Fitzsimmons · Reported title CEO, Treas thru 7/31/22, Bd member thru 12/31/22 · Highest reported compensation $350K · Total expenses $149K
235%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $149K
55%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 40%
Overhead ratio 60%
Fundraising cost ratio 0%
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 · funders on record
Grants received · FY2024
See all 13 funders →

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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
FY2024 (Latest)$10.5M revenue · ⤓ 990 PDF
FY2023$6.5M revenue · ⤓ 990 PDF
FY2022$591K 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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