Project Megsss Incorporated
- Assets
- $67.7k
- Revenue
- $51.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Saint Louis, MO
- Founding
- 07/1980
- Data as of
- 05/2024
- EIN
- 43-1191496
Organization Overview
Project Megsss Incorporated is located in Saint Louis, MO. The organization was established in 1980. As of 05/2024, Project Megsss Incorporated employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Megsss Incorporated 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 05/2024, Project Megsss Incorporated generated $51.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (16.1%) each year. All expenses for the organization totaled $80.4k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
DISCOVER, INSPIRE AND DEVELOP THE TALENTS OF MIDDLE SCHOOL STUDENTS WITH EXTRAORDINARY GIFTS IN MATHEMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL PROGRAMS: QUALIFIED STUDENTS HAVE THE OPPORTUNITY TO PARTICIPATE IN OUR ELEMENTS PROGRAM, A RIGOROUS, COMPREHENSIVE MATH LEARNING EXPERIENCE, WHICH INCLUDES A PRE-REQUISITE SUMMER PROGRAM LEADING TO A 3-YEAR SERIES OF AFTER-SCHOOL COURSES FOR STUDENTS IN 6TH TO 8TH GRADE. IN 2021-22 WE OFFERED CLASSES VIRTUALLY IN THE ST. LOUIS METRO AREA SERVING 60 STUDENTS.
SUMMER PROGRAMS: THIS IS AN OPEN PROGRAM FOR CURRENT 4-7TH GRADE STUDENTS. WE OFFER CHALLENGING MATHEMATICS EXPERIENCES EACH SUMMER FOR HIGHLY MOTIVATED, MATH-TALENTED STUDENTS. 21 STUDENTS PARTICIPATED IN 2021-22. OVER 5% OF STUDENTS RECEIVED FINANCIAL AID AWARDS THAT AVERAGED 75% OF TUITION.
SPECIAL PROGRAMS: DURING THE SCHOOL YEAR, WE OFFER OCCASIONAL MATH WORKSHOPS OR BOOTCAMPS TO STUDENTS INTERESTED IN EXPANDING THEIR MATH EXPERIENCES, WITH NO QUALIFICATION NECESSARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katina Truman President | Officer | 10 | $0 |
Mike Rausch Secretary | Officer | 1 | $0 |
Jessica Harkins Treasurer | Officer | 1 | $0 |
Katy Jochum Past President | Officer | 1 | $0 |
Douglas Hunt Director, Teacher Representative | Trustee | 1 | $7,022 |
Christine Nobbe Director | 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 | $30,862 |
| Noncash contributions included in lines 1a–1f | $8,175 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,862 |
| Total Program Service Revenue | $20,363 |
| Investment income | $151 |
| 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 | $51,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,333 |
| Compensation of current officers, directors, key employees. | $2,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,586 |
| Fees for services: Management | $10,050 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,151 |
| Office expenses | $223 |
| Information technology | $270 |
| Royalties | $0 |
| Occupancy | $3,110 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,967 |
| All other expenses | $1,040 |
| Total functional expenses | $80,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,133 |
| Savings and temporary cash investments | $40,056 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $250 |
| Prepaid expenses and deferred charges | $833 |
| 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 | $67,671 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,626 |
| Total liabilities | $6,626 |
| Net assets without donor restrictions | $61,045 |
| 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 | $67,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Childrens Academy Palatine, IL | $13,480,860 | $7,011,786 |
Gifted Resource Council St Louis, MO | $119,589 | $307,465 |
Arkansans For Gifted And Talented Education Little Rock, AR | $190,163 | $0 |
Iowa Talented And Gifted Des Moines, IA | $154,588 | $0 |
Project Megsss Incorporated Saint Louis, MO | $67,671 | $51,376 |
Nebraska Association For The Gifted Inc La Vista, NE | $61,234 | $0 |