Project Increase
- Assets
- $100.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Carver, MN
- Founding
- 01/1992
- Data as of
- 12/2022
- EIN
- 41-1701003
Organization Overview
Project Increase is located in Carver, MN. The organization was established in 1992. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Increase 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 12/2022, Project Increase generated $36.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $33.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Diggins Director | 1 | $0 | |
Trent Terpstra Treasurer | 1 | $0 | |
Allen Dahmen Director | 1 | $0 | |
David Sadlovsky Secretary | 1 | $0 | |
Mel Swanson President | 1 | $0 | |
Paul Detlefsen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,620 |
| Total Program Service Revenue | $0 |
| Membership dues | $40 |
| Investment income | $939 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,599 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $58 |
| Other expenses | $529 |
| Total expenses | $33,511 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,228 |
| Other assets | $0 |
| Total assets | $100,528 |
| Total liabilities | $0 |
| Net assets or fund balances | $100,528 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Project Increase has recieved totaling $18,500.
| Awarding Organization | Amount |
|---|---|
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $11,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
St Francis Home Breckenridge, MN | $31,134,827 | $7,139,521 |
Maryhill Manor Inc Niagara, WI | $3,813,579 | $4,581,573 |
Faith Lutheran Home Osage, IA | $4,614,532 | $5,533,666 |
Divine Providence Community Home Sleepy Eye, MN | $3,627,339 | $4,817,279 |
Time Of Grace Ministry Milwaukee, WI | $2,034,999 | $5,176,400 |
St Francis Health Services Of Morris Inc Morris, MN | $57,875,580 | $5,381,423 |
Dominican Sisters Corp St Ann Rest Home Milwaukee, WI | $0 | $3,927,255 |
Real Resources Inc Golden Valley, MN | $2,778,257 | $4,979,217 |
Bethesda Of Beresford Beresford, SD | $3,676,012 | $3,683,299 |
Isaiah St Paul, MN | $8,070,299 | $3,505,026 |