Project 440 Inc
- Assets
- $214.1k
- Revenue
- $340.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Philadelphia, PA
- Founding
- 05/2007
- Data as of
- 08/2023
- 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 08/2023, Project 440 Inc employed 5 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 08/2023, Project 440 Inc generated $340.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $337.4k during the year ending 08/2023. While expenses have increased by 11.8% per year over the past 7 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
2023
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 AND 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 15 STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Javian Co-Chair | Trustee | 5 | $0 |
Megan Speight Co-Chair | Trustee | 5 | $0 |
Christopher Bryan Treasurer | Trustee | 5 | $0 |
Meryl Krieger Secretary | Trustee | 5 | $0 |
Joseph Conyers Ex-Officio | OfficerTrustee | 15 | $25,000 |
Danielle Allen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,552 |
| All other contributions, gifts, grants, and similar amounts not included above | $313,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,779 |
| Total Program Service Revenue | $10,057 |
| Investment income | $3,451 |
| 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 | $340,287 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $23,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,777 |
| Payroll taxes | $12,457 |
| 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 | $57,194 |
| Advertising and promotion | $0 |
| Office expenses | $15,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,300 |
| Travel | $1,221 |
| 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 | $7,066 |
| All other expenses | $0 |
| Total functional expenses | $337,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,937 |
| Savings and temporary cash investments | $104,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,742 |
| 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 | $214,096 |
| Accounts payable and accrued expenses | $528 |
| 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 | $0 |
| Total liabilities | $528 |
| Net assets without donor restrictions | $183,042 |
| Net assets with donor restrictions | $30,526 |
| 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 | $214,096 |