Project Understanding

Unknown exempt organization Ventura, CA EIN 95-3246871
Revenue
$378K
▲ +53%
FY2025 · Pt VIII · Ln 12
Expenses
$518K
▼ -23%
FY2025 · Pt IX · Ln 25
Net assets
$114K
FY2025 · Pt X · Ln 32
To programs
87%
FY2025 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$378K
FY2025▲ +53%
Expenses
$518K
FY2025▼ -23%

Transforms lives and communities through justice, mercy, and compassion.

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Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
3 funders, incl. Ventura County Community Foundation
$86K in the latest grant year. Details →
Spent on programs?
87% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↑ +53% vs prior year Details →

Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).


Transforms lives and communities through justice, mercy, and compassion.

Type
Unknown exempt organization · Nonprofit
Location
Ventura, CA
Website
www.projectunderstanding.org
Filings
6 on file (2020–2025)
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Provided by the organization

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Where the money goes · FY2025
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Surplus margin
-37%
revenue over expenses, this year▲ +78% vs prior filing year
Program spending
87%
of expenses reach programs▼ -0.7% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$115K
FY2025▼ -55%
Total liabilities
$946
FY2025▼ -71%
Revenue less expensesPt I · Ln 19−$140K
Total assetsPt X · Ln 16$115K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CProject Understanding
EINHdr · item D95-3246871
Principal addressHdr · item CVentura, CA
WebsiteHdr · item Jwww.projectunderstanding.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Direc
$158,036Pt VII · Sec A
Executive Direc
$47,850Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brandy Beesley$158,036$144,400$138,552$138,828$120,416$130,937

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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Mission & Programs · Part III

Where the work happens

4 program services account for $518K of program spending, described in the organization's own filed words · FY2024.
01

Pantry

The food pantry is structured to help people in need make it through tough times by assisting with food.

$281Kprogram expense
02

Multi programs -includes income and expenses that are used for all programs, including special assistance, such as utilities, application fees, and miscellaneous.

$117Kprogram expense
03

Tutoring

Provides extra instruction for students in K-5TH grades. There are 12 sites throughout ventura county.

$70Kprogram expense
04

H2h

Homeless 2 home focuses on building relationships and supporting chronically homeless individuals who have tried traditional means of acquiring housing, yet remain homeless. This includes assessment of their health, financial options, personal goals and support system.

$50Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants102%$384K
— government grantsLn 1e$89K
Total revenueLn 12$378K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$450K
Management & general13%$68K
Total functional expensesLn 25$518K

Balance Sheet

Part X · end of year
CashLn 1$110K
Total assetsLn 16$115K
Total liabilitiesLn 26$946
Total net assetsLn 32$114K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $110K · Operating expenses/yr $518K
2.5 months
Where the money goes
Program services
Program services $450K · Total expenses $518K
87%
Management & General
Management & general $68K · Total expenses $518K
13%
Fundraising
Fundraising $0 · Total expenses $518K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $249K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $384K · Total revenue $378K
102%
Government reliance
Government grants $89K · Total revenue $378K
23%
Earned-income share
Program service revenue $0 · Total revenue $378K
0%
Investment reliance
Investment income $-1K · Total revenue $378K
-0.3%
Program self-sufficiency
Program service revenue $0 · Total expenses $518K
0%
Growth & trend
Revenue growth (YoY)
This year $378K · Prior year $247K
+53%
Revenue CAGR
FY2019 $669K · FY2024 $378K
-11%
Net-asset trend (YoY)
End of year $114K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $378K · Expenses $518K
-37%
Liabilities-to-Assets
Total liabilities — · Total assets $115K
—
Net-asset ratio
Net assets $114K · Total assets $115K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $115K
0%
People & payroll
Highest Reported Total Compensation
Individual Brandy Beesley · Reported title Executive Direc · Highest reported compensation $158K · Total expenses $518K
31%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $346K · Total expenses $518K
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——
Fundraising cost ratio 0%——
Revenue growth 53%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 5%——
Fundraising fee ratio 0%——

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 3 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
FY2025 (Latest)$378K revenue · viewing · ⤓ 990 PDF
FY2024$247K revenue · ⤓ 990 PDF
FY2023$240K revenue · ⤓ 990 PDF
FY2022$373K revenue · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF
FY2020$669K 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
Names, privacy, and removal requests More

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