Phd Project Association
- Assets
- $1.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 07/2005
- Data as of
- 06/2023
- EIN
- 20-2610773
Organization Overview
Phd Project Association is located in Montvale, NJ. The organization was established in 2005. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phd Project Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Phd Project Association generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PHD PROJECT'S MISSION IS TO "INCREASE THE DIVERSITY OF CORPORATE AMERICA BY INCREASING THE DIVERSITY OF BUSINESS SCHOOL FACULTY." THE ORGANIZATION ATTRACTS BLACK/AFRICAN AMERICANS, LATINX/HISPANIC AMERICANS AND NATIVE AMERICANS TO BUSINESS PHD PROGRAMS AND PROVIDES A NETWORK OF PEER SUPPORT ON THEIR JOURNEY TO BECOMING PROFESSORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PHD PROJECT IS A SYSTEMIC DIVERSITY INITIATIVE THAT ENCOURAGES BLACK/AFRICAN AMERICANS, LATINX/HISPANIC AMERICANS, AND NATIVE AMERICANS TO PURSUE PHD'S IN BUSINESS, CREATING ROLE MODELS AND MENTORS THAT ATTRACT AND ENCOURAGE MINORITY BUSINESS STUDENTS RESULTING IN A MORE DIVERSE TALENT POOL. WE HOST AN ANNUAL, INVITATION-ONLY CONFERENCE FOR HISTORICALLY UNDERREPRESENTED MINORITY STUDENTS AND PROFESSIONALS CONSIDERING BUSINESS DOCTORAL STUDIES AND COVER ALL EXPENSES FOR THEM TO ATTEND. WE HELD TWO ANNUAL CONFERENCES DURING FY23 (NOV. 2022 & MARCH 2023).402 MINORITY PROFESSIONALS APPLIED FOR THE TWO CONFERENCES, 335 WERE INVITED AND 287 ATTENDED. WE HOST FIVE DISCIPLINE-SPECIFIC CONFERENCES FOR HISTORICALLY UNDERREPRESENTED MINORITY DOCTORAL STUDENTS PROVIDING A NETWORK OF RESOURCES TO ENSURE THEIR SUCCESS AND COVER ALL EXPENSES FOR THEM TO ATTEND OUR CONFERENCE AS WELL AS THE RELATED PROFESSIONAL ASSOCIATION CONFERENCE FOR THAT DISCIPLINE. DURING FY2023, WE HOSTED 172 MINORITY DOCTORAL STUDENTS AT THESE FIVE CONFERENCES, OF WHICH 15 BEGAN THEIR PROGRAM IN 2023. WE CAPPED 41 NEW MINORITY FACULTY. PHD PROJECT AFFILIATE PROGRAMS ARE DESIGNED TO PROVIDE EMERGING DOCTORAL STUDENTS AND FACULTY WITH VALUABLE TOOLS AND RESOURCES THROUGHOUT THEIR ACADEMIC CAREER. SEVERAL PROGRAMS, INCLUDING TEACHING STRATEGIES, THE RESEARCH SYMPOSIUM AND THE DIVERSITY CASE WRITING WORKSHOP ARE HOSTED BY A UNIVERSITY AND THE ASPIRING LEADERS SESSION FOR THOSE MEMBERS INTERESTED IN HIGHER EDUCATION ADMINISTRATION IS HOSTED BY PHD PROJECT FOUNDING MEMBER, AACSB. A TOTAL OF 70 MEMBERS ATTENDED ONE OR MORE OF THESE SESSIONS DURING FY2023. 83 OF OUR MEMBERS ARE IN THE ROLE OF DEAN OF THE BUSINESS SCHOOL AND 10 MEMBERS ARE SERVING AS A UNIVERSITY PRESIDENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Bosland Chair | OfficerTrustee | 0.5 | $0 |
Alfonzo Alexander Vice Chair | OfficerTrustee | 0.5 | $0 |
Blane Ruschak President | OfficerTrustee | 40 | $0 |
Kurt Heissenbuttel Secretary | OfficerTrustee | 0.5 | $0 |
Caryn Beck-Dudley Board Member Thru 05/31/23 | Trustee | 0.5 | $0 |
Crystal Cooke Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,981,487 |
| Noncash contributions included in lines 1a–1f | $7,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,981,487 |
| Total Program Service Revenue | $0 |
| Investment income | $18,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $451 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,000,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $412,904 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,126 |
| Advertising and promotion | $183,161 |
| Office expenses | $93,743 |
| Information technology | $21,705 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,581,618 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,118,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,808 |
| Savings and temporary cash investments | $5,013 |
| Pledges and grants receivable | $1,002,129 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $457,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $584 |
| Total assets | $1,608,113 |
| Accounts payable and accrued expenses | $192,619 |
| Grants payable | $68,261 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $260,880 |
| Net assets without donor restrictions | $224,733 |
| Net assets with donor restrictions | $1,122,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,608,113 |