Crescent Project Inc
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Franklin, TN
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 35-1790297
Organization Overview
Crescent Project Inc is located in Franklin, TN. The organization was established in 1991. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Crescent Project Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crescent 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 12/2023, Crescent Project Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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
TO REACH MUSLIMS PERSONALLY THROUGH OUR TEAM AND TO PROVIDE PRACTICAL STRATEGIES TO EQUIP CHRISTIAN LEADERS IN 107 COUNTRIES TO CONNECT WITH THE MUSLIMS IN THEIR SPHERE OF INFLUENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MINISTRY IS AN INTER-DENOMINATIONAL CHRISTIAN MISSION AGENCY WITH AN INTERNATIONAL REACH WHOSE PURPOSE IS TO MOBILIZE THE CHURCH, CHRISTIAN LEADERS, AND RESOURCE OTHER MISSIONS ORGANIZATIONS WITH THE SAME FOCUS. WHILE ADDRESSING FEARS, STEREOTYPES AND KNOWLEDGE GAPS, THE MINISTRY PROVIDES PRACTICAL STRATEGIES EQUIPPING CHRISTIAN LEADERS AND ENTIRE CONGREGATIONS DOMESTICALLY AND INTERNATIONALLY TO EFFECTIVELY CONNECT WITH MUSLIMS IN THEIR SPHERE OF INFLUENCE: NEIGHBORS, COLLEAGUES, AND CLASSMATES. (CONTINUED ON SCH O)MUSLIMS MAKE UP THE LARGEST UNREACHED PEOPLE GROUPS AROUND THE WORLD. WITH THIS IN MIND, THE MINISTRY IS TAKING UP GOD'S CHALLENGE TO BOLDLY MOVE FORWARD AND FURTHER THROUGH STRATEGICALLY PLANTING CHURCHES IN MUSLIM-DENSE COUNTRIES, INVESTING PERSONALLY IN THE LIVES OF MUSLIM BACKGROUND BELIEVERS ("MBB"), CONNECTING UNREACHED PEOPLE TO JESUS THROUGH DIRECT OUTREACH INITIATIVES AND URGENTLY EQUIPPING AND MOBILIZING CHRISTIANS TO DIRECTLY ENGAGE WITH MUSLIMS. THE MINISTRY HAS GROWN TO NOW HAVE INFLUENCE AND WORK IN 107 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fouad Masri Ceo, Chairman | OfficerTrustee | 40 | $110,093 |
Stephen Helm Coo/executive Director | Officer | 40 | $70,500 |
Pete Bitar Vice Chairman | OfficerTrustee | 1 | $0 |
Mike Vergon Treasurer | OfficerTrustee | 1 | $0 |
Julie Priest Secretary | OfficerTrustee | 1 | $0 |
Jack Ditslear Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,697,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,697,757 |
| Total Program Service Revenue | $53,742 |
| Investment income | $8,353 |
| 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 | -$4,122 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,765,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,967 |
| 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. | $307,616 |
| Compensation of current officers, directors, key employees. | $28,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $748,620 |
| Pension plan accruals and contributions | $3,023 |
| Other employee benefits | $111,928 |
| Payroll taxes | $49,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,790 |
| Advertising and promotion | $13,776 |
| Office expenses | $72,256 |
| Information technology | $36,093 |
| Royalties | $0 |
| Occupancy | $45,099 |
| Travel | $137,873 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,417 |
| All other expenses | $0 |
| Total functional expenses | $1,803,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $790,281 |
| Savings and temporary cash investments | $401,329 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,130 |
| Prepaid expenses and deferred charges | $19,005 |
| 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 | $1,244,476 |
| Accounts payable and accrued expenses | $36,205 |
| 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 | $36,205 |
| Net assets without donor restrictions | $1,208,271 |
| Net assets with donor restrictions | $0 |
| 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 | $1,244,476 |
Grants Awarded
Over the last fiscal year, Crescent Project Inc has awarded $107,866 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FRONT RANGE BIBLE INSTITUTE PURPOSE: SUPPORT THE ORGANIZATION'S MISSION | $6,833 |
CONVOY OF HOPE PURPOSE: SUPPORT THE ORGANIZATION'S MISSION | $10,000 |
ALLEGRO ORGANIZATIONAL SOLUTIONS PURPOSE: SUPPORT THE ORGANIZATION'S MISSION | $6,000 |
PIONEERS INC PURPOSE: SUPPORT THE ORGANIZATION'S MISSION | $6,833 |
MISSION INDIA PURPOSE: SUPPORT THE ORGANIZATION'S MISSION | $24,000 |
NEO LEADERSHIP FOUNDATION PURPOSE: SUPPORT THE ORGANIZATION'S MISSION | $20,000 |