Project Able Inc
- Assets
- $28.1k
- Revenue
- $22.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2008
- Data as of
- 06/2022
- EIN
- 26-2722924
Organization Overview
Project Able Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Able 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 06/2022, Project Able Inc generated $22.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (27.5%) each year. All expenses for the organization totaled $56.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Project Able Inc has awarded 17 individual grants totaling $584,335. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Hanin Director | 0 | $0 | |
Lauren Hanin Director | 0 | $0 | |
Ann Hanin Treasurer | 0 | $0 | |
Ali Samadi Director | 0 | $0 | |
Cristina Patel Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $745 |
| Total operating and administrative expenses | $1,495 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $56,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,048 |
| Savings and temporary cash investments | $80 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,128 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Project Able Inc has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JIFUNDISHE PURPOSE: PROMOTE LITERACY & EDUCATION | $30,000 |
KOMERA PURPOSE: GIRLES EDUCATION AND LITERACY | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project Able Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
The Sudler Foundation Chatham, NJ PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |
Unbounded Learning Inc New York, NY | $10,202,052 | $11,682,333 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Mcelhattan Foundation Pittsburgh, PA | $120,280,311 | $4,922,440 |
Great Oaks Foundation Inc New York, NY | $2,451,527 | $9,169,233 |
The New York Opportunity Network Inc New York, NY | $9,128,852 | $11,413,843 |
Mdyhs Inc Brooklyn, NY | $134,976 | $6,680,548 |
East Harlem Tutorial Program Inc New York, NY | $86,316,213 | $22,073,171 |
Icivics Inc Cambridge, MA | $22,668,891 | $21,117,538 |
Coleridge Initiative Incorporated New York, NY | $7,309,753 | $10,132,934 |
Citizen Schools Inc Boston, MA | $5,221,320 | $8,840,523 |
New Jersey Childrens Foundation Newark, NJ | $7,913,501 | $9,796,996 |