Project Restore EIN 95-4044565

Project Restore FY2021 filing

EIN  95-4044565 Public charity (501(c)(3)) Los Angeles, CA Founded 1986
Form 990 (PDF)
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Size
$1–10M
What they do
Restores and revitalizes Los Angeles city properties.
Leadership
Edward J Avila · President · $50K
Money in and out
$564K revenue, $462K expenses
Bottom line
85% program efficiency

Restores and revitalizes Los Angeles city properties. For fiscal year 2021 it reported $564K in revenue, $462K in expenses, and $281K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$564K
Pt VIII · Ln 12
Total expenses
$462K
Pt IX · Ln 25
Net assets
$281K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $102K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.08 Fundraising $0.07
Program efficiency
85%
of spending reaches programs
Operating runway
7.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$564K
FY2021▼ -22%
Expenses
$462K
FY2021▼ -42%
Total assets
$282K
FY2021▲ +33%
Total liabilities
$1K
FY2021▼ -96%
Total revenue
$564K
Pt VIII · Ln 12
Total expenses
$462K
Pt IX · Ln 25
Net assets
$281K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$102K
Total assetsPt X · Ln 16$282K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 421
Mission & Programs · Part III

Where the work happens

1 program service account for $394K of program spending, described in the organization's own filed words · FY2020.
01

Research, planning, management and funding for maintenance and restoration of central los angeles and outlying city PROPERTIES.DURING the year ended june 30, 2021, the organization provided project management services for several projects funded through the city of los angeles, including renovations and improvements to hollyhock house…

$394Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Restore
EINHdr · item D95-4044565
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jwww.cityofla.org/restore
Year of formationHdr · item L1986
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b21
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 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 (FY2020); the FY2021 filing did not itemize Part VII
$50,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Edward J Avila$50,000$50,000$50,000$50,000$50,000$54,386

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 & grants100%$563K
Other revenue$726
— government grantsLn 1e$471K
Total revenueLn 12$564K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.08 Fundraising $0.07
Program services85%$394K
Management & general8%$37K
Fundraising7%$31K
Total functional expensesLn 25$462K

Balance Sheet

Part X · end of year
CashLn 1$282K
Total assetsLn 16$282K
Total liabilitiesLn 26$1K
Total net assetsLn 32$281K
Months of cash on handcomputed7.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $282K · Operating expenses/yr $462K
7.3 months
Where the money goes
Program services
Program services $394K · Total expenses $462K
85%
Management & General
Management & general $37K · Total expenses $462K
8%
Fundraising
Fundraising $31K · Total expenses $462K
7%
Cost to raise $1
Fundraising expense (2-yr avg) $32K · Solicited contributions (2-yr avg) $143K
$0.22 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $563K · Total revenue $564K
100%
Government reliance
Government grants $471K · Total revenue $564K
83%
Earned-income share
Program service revenue $0 · Total revenue $564K
0%
Investment reliance
Investment income $0 · Total revenue $564K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $462K
0%
Growth & trend
Revenue growth (YoY)
This year $564K · Prior year $726K
-22%
Net-asset trend (YoY)
End of year $281K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $564K · Expenses $462K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $282K
Net-asset ratio
Net assets $281K · Total assets $282K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $282K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Edward J Avila · Reported title PRESIDENT · Highest reported compensation $50K · Total expenses $462K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $203K · Total expenses $462K
44%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 8%
Fundraising cost ratio 5%
Revenue growth -22%
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 · FY2022
Total grants receivedfrom 1 funder$71K

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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$694K revenue · ⤓ 990 PDF
FY2023$375K revenue · ⤓ 990 PDF
FY2022$1.0M revenue · ⤓ 990 PDF
FY2021$564K revenue · viewing · ⤓ 990 PDF
FY2020$726K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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