Resolution Project Inc
- Assets
- $705.7k
- Revenue
- $530.4k
- Investments
- $0.0
- Employees
- 15
- Location
- New York, NY
- Founding
- 10/2009
- Data as of
- 12/2021
- EIN
- 26-4394051
Organization Overview
Resolution Project Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Resolution Project Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resolution Project 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 12/2021, Resolution Project Inc generated $530.4k 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 (5.6%) each year. All expenses for the organization totaled $970.4k during the year ending 12/2021. 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
THE MISSION OF THE RESOLUTION PROJECT IS TO DEVELOP SOCIALLY-RESPONSIBLE YOUNG LEADERS AND EMPOWER THEM TO MAKE A POSITIVE IMPACT TODAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 2007, THE RESOLUTION PROJECT IDENTIFIES, EQUIPS, AND EMPOWERS PROMISING YOUNG SOCIAL ENTREPRENEURS WITH THE SUPPORT, SKILLS, AND SEED FUNDING THEY NEED TO MAKE A POSITIVE IMPACT TODAY. OUR INNOVATIVE PROGRAM CONSISTS OF: PARTNERING WITH YOUTH LEADERSHIP CONFERENCES AROUND THE WORLD; HOSTING OUR SOCIAL VENTURE CHALLENGES (SVCS) AT THOSE CONFERENCES; AND AWARDING RESOLUTION FELLOWSHIPS TO THOSE YOUNG ENTREPRENEURS WITH THE MOST PROMISING VENTURE PROPOSALS AND COMPELLING PERSONAL LEADERSHIP CHARACTERISTICS. THERE ARE CURRENTLY MORE THAN 500 RESOLUTION FELLOWS, WORKING ON ALL SIX INHABITED CONTINENTS TO IMPLEMENT INNOVATIVE SOLUTIONS TO ADDRESS IMPORTANT ISSUES INCLUDING EDUCATION, ACCESS TO WATER, SUSTAINABLE AGRICULTURE, HEALTHCARE, TECHNOLOGY, ENERGY EFFICIENCY, WOMENS EMPOWERMENT AND HUMAN RIGHTS, AMONG OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Tsiatis President/ceo | OfficerTrustee | 40 | $174,055 |
Oliver Libby Chair | OfficerTrustee | 10 | $0 |
Howard Levine Treasurer | OfficerTrustee | 5 | $0 |
Eric Sporkin Secretary | OfficerTrustee | 5 | $0 |
Angelo Rufino Director | Trustee | 5 | $0 |
Geraldine Acuna-Sunshine Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $530,441 |
| Investment income | $0 |
| 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 | $530,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $53,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $92,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $495,298 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,162 |
| Payroll taxes | $58,040 |
| 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 | $52,164 |
| Advertising and promotion | $0 |
| Office expenses | $5,087 |
| Information technology | $19,456 |
| Royalties | $0 |
| Occupancy | $82,289 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,032 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,519 |
| Insurance | $4,459 |
| All other expenses | $0 |
| Total functional expenses | $970,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,701 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $304,269 |
| 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 | $30,230 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,071 |
| Total assets | $705,699 |
| Accounts payable and accrued expenses | $95,856 |
| 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 | $225,000 |
| Other liabilities | $14,843 |
| Total liabilities | $335,699 |
| Net assets without donor restrictions | -$309,291 |
| Net assets with donor restrictions | $679,291 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $370,000 |