Project 440 Inc
- Assets
- $227.7k
- Revenue
- $390.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Philadelphia, PA
- Founding
- 05/2007
- Data as of
- 08/2021
- EIN
- 20-5455597
Organization Overview
Project 440 Inc is located in Philadelphia, PA. The organization was established in 2007. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Project 440 Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project 440 Inc 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 08/2021, Project 440 Inc generated $390.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $294.4k during the year ending 08/2021. While expenses have increased by 19.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT 440 HELPS YOUNG PEOPLE USE THEIR INTEREST IN MUSIC TO FORGE NEW PATHWAYS FOR THEMSELVES AND IGNITE CHANGE IN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT 440 ENGAGES, EDUCATES AND INSPIRES YOUNG MUSICIANS, PROVIDING THEM WITH THE CAREER AND LIFE SKILLS THEY NEED TO DEVELOP INTO TOMORROW'S CIVIC-MINDED, ENTREPRENEURIAL LEADERS.
COLLEGE FAIR - DESIGNED TO PROVIDE STUDENTS WITH AN INTEREST IN MUSIC AN OPPORTUNITY TO BE EXPOSED TO A VARIETY OF COLLEGES AND HIGHER EDUCATION PATHS RELATED TO MUSIC. OVER 300 STUDENTS ATTENDED THE FAIR TO MEET WITH REPRESENTATIVES OF 50 SCHOOLS FROM 18 STATES.
PROJECT 440 ENGAGES, EDUCATES AND INSPIRES YOUNG MUSICIANS, PROVIDING THEM WITH THE CAREER AND LIFE SKILLS THEY NEED TO DEVELOP INTO TOMORROW'S CIVIC-MINDED, ENTREPRENEURIAL LEADERS.
COLLEGE FAIR - DESIGNED TO PROVIDE STUDENTS WITH AN INTEREST IN MUSIC AN OPPORTUNITY TO BE EXPOSED TO A VARIETY OF COLLEGES AND HIGHER EDUCATION PATHS RELATED TO MUSIC. OVER 300 STUDENTS ATTENDED THE FAIR TO MEET WITH REPRESENTATIVES OF 50 SCHOOLS FROM 18 STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Wheelock Javian Co-Chair | Trustee | 5 | $0 |
Megan Speight Co-Chair | Trustee | 5 | $0 |
Meryl Krieger Secretary | Trustee | 5 | $0 |
Christopher Bryan Board Treasurer | Trustee | 5 | $0 |
Joseph Conyers Founder & Vision Advisory | Trustee | 15 | $0 |
Henry Donner Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $315,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $336,004 |
| Total Program Service Revenue | $54,187 |
| Investment income | $220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $390,411 |
| 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 | $107,460 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $97,153 |
| Advertising and promotion | $0 |
| Office expenses | $16,622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,678 |
| All other expenses | $4,180 |
| Total functional expenses | $294,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $227,674 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $227,674 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $17,030 |
| Total liabilities | $17,030 |
| Net assets without donor restrictions | $210,289 |
| Net assets with donor restrictions | $355 |
| 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 | $227,674 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Project 440 Inc has recieved totaling $53,800.
| Awarding Organization | Amount |
|---|---|
Philadelphia Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Presser Foundation Philadelphia, PA PURPOSE: ADVANCEMENT OF MUSIC | $7,500 |
Presser Foundation Philadelphia, PA PURPOSE: ADVANCEMENT OF MUSIC | $7,500 |
The Nararo Foundation Philadelphia, PA PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $5,000 |
Janet Yaseen Foundation Inc New York, NY PURPOSE: GENERAL PURPOSE | $5,000 |
Deborah K Holmes Family Foundation New York, NY PURPOSE: CHARITABLE GIFT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |
Original Music Workshop Inc Brooklyn, NY | $4,224,196 | $2,706,667 |
Aaron Copland Fund For Music Inc New York, NY | $18,112,112 | $2,664,671 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |