Project Connect Inc
- Assets
- $935.5k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- 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 12/2023, Project Connect Nashville employed 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT CONNECT, INC. EXISTS TO HELP THE WHOLE PERSON ESCAPE THE HOPELESSNESS OF POVERTY THROUGH THE TRANSFORMATIVE LOVE OF JESUS CHRIST. WE BELIEVE OUR RELATIONSHIP WITH GOD IS OUR PRIMARY RELATIONSHIP IN LIFE THROUGH THE WORK OF JESUS CHRIST IN US. WE ENCOURAGE THE ALLEVIATION OF POVERTY, WHETHER SPIRITUAL, RELATIONAL, OR FINANCIAL, BY EMPOWERING AND HELPING PEOPLE RECOGNIZE, DEVELOP, AND USE THE GIFTS GOD GIVES THEM. WE CULTIVATE A NURTURING ENVIRONMENT WHERE THOSE WHO GATHER WILL EXPERIENCE CONNECTION, LOVE, ENCOURAGEMENT, AND ACCOUNTABILITY. WE HELP TO RESTORE BROKEN RELATIONSHIPS BY POINTING PEOPLE TOWARD JESUS CHRIST WHO HEALS AND MAKES ALL THINGS NEW, INCLUDING RELATIONSHIPS. WE PROVIDE OPPORTUNITIES FOR THE LOCAL CHURCH TO FULFILL ITS CALL TO EQUIP AND EMPOWER THE CONGREGATION BY OFFERING SPACES TO FORM RELATIONSHIPS WITH THOSE LIVING IN POVERTY. WE PROVIDE BIBLICALLY SUPPORTED CURRICULUM, COACHING, AND OTHER RESOURCES LEADING TO ONGOING LIFE CHANGE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ASSISTANCE TO VULNERABLE MEN, WOMEN, AND THEIR FAMILIES, INCLUDING GRANTS FOR EMERGENCY ASSISTANCE AND EDUCATION PROGRAMS TO EQUIP INDIVIDUALS WITH SKILLS NEEDED TO BREAK THE POVERTY CYCLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leilani Boulware Chairman | OfficerTrustee | 2 | $0 |
April Blalock Treasurer | OfficerTrustee | 1 | $0 |
Kimberly Young Secretary | OfficerTrustee | 1 | $0 |
Sid Stanley Director | Trustee | 1 | $0 |
Letoia Crozier Director | Trustee | 1 | $0 |
Fernando Munoz Director | Trustee | 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 |