Project Connect Inc
- Assets
- $935.5k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Madison, TN
- Founding
- 04/2012
- Data as of
- 12/2021
- EIN
- 27-4003340
Organization Overview
Project Connect Inc, operating under the name Project Connect Nashville, is located in Madison, TN. The organization was established in 2012. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Project Connect Nashville employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Connect Nashville 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, Project Connect Nashville generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUILD RELATIONSHIPS WITH INDIVIDUALS THAT ARE STUCK IN THE CYCLE OF POVERTY AND CONNECT THEM TO THE FAITH COMMUNITY.
Describe the Organization's Program Activity:
PROVIDED ASSISTANCE TO VULNERABLE MEN, WOMEN, AND THEIR FAMILIES, INCLUDING (1) GRANTS FOR EMERGENCY ASSISTANCE, (2) EDUCATION PROGRAMS TO EQUIP INDIVIDUALS WITH SKILLS NEEDED TO BREAK THE POVERTY CYCLE, AND (3) PROJECTS TO HELP THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zach Bevill Interim Executive Director (eff. 9/2021) | Officer | 40 | $60,724 |
Alan Murdock Executive Director (thru 8/2021) | Officer | 40 | $59,522 |
Leilani Boulware Chair (eff. 7/2021) | OfficerTrustee | 2 | $0 |
Grant Ellis Chair (thru 6/2021) | OfficerTrustee | 2 | $0 |
April Blalock Treasurer | OfficerTrustee | 1 | $0 |
Kimberly Young Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,170 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,494,924 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,546,094 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,387 |
| Net Gain/Loss on Asset Sales | -$874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,552,607 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $364,538 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,757 |
| Compensation of current officers, directors, key employees. | $67,786 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $489,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,963 |
| Payroll taxes | $44,731 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,001 |
| Advertising and promotion | $66,086 |
| Office expenses | $46,067 |
| Information technology | $5,367 |
| Royalties | $0 |
| Occupancy | $43,941 |
| Travel | $3,269 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,261 |
| Interest | $6,348 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,064 |
| Insurance | $9,765 |
| All other expenses | $0 |
| Total functional expenses | $1,485,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,340 |
| Savings and temporary cash investments | $0 |
| 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 | $7,343 |
| Net Land, buildings, and equipment | $684,806 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $935,489 |
| Accounts payable and accrued expenses | $22,581 |
| Grants payable | $0 |
| Deferred revenue | $2,450 |
| 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 | $548,328 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $573,359 |
| Net assets without donor restrictions | $357,337 |
| Net assets with donor restrictions | $4,793 |
| 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 | $935,489 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Project Connect Inc has recieved totaling $448,631.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $211,799 |
United Way Of Middle Tennessee Inc Nashville, TN PURPOSE: SUB-RECIPIENT GRANTS | $100,700 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: TO SUPPORT CONSTRUCTION OF TORNADO SURVIVOR REPAIR/REBUILD. | $32,942 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $32,750 |
Memorial Foundation Inc Hendersonville, TN PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $25,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: TO PROVIDE ADDITIONAL FUNDS TO CONTINUE THE EXTENSION OF EMPLOYMENT FOR THE CONSTRUCTION MANAGER OVERSEEING ALL REPAIR PROJECTS FROM 37208 ASSIGNED TO ORGANIZATION. | $20,000 |
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|---|---|---|
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Penny Appeal Usa Inc Alexandria, VA | $5,095,057 | $8,905,052 |
Mission Enablers International Bentonville, AR | $795,841 | $7,887,827 |
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Meds & Food For Kids St Louis, MO | $9,342,329 | $4,463,955 |
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