Project Megsss Incorporated
- Assets
- $185.4k
- Revenue
- $235.1k
- Investments
- $0.0
- Employees
- 12
- Location
- Saint Louis, MO
- Founding
- 07/1980
- Data as of
- 05/2022
- EIN
- 43-1191496
Organization Overview
Project Megsss Incorporated is located in Saint Louis, MO. The organization was established in 1980. As of 05/2022, Project Megsss Incorporated employed 12 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 05/2022, Project Megsss Incorporated generated $235.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $134.2k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 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
2022
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 |
|---|---|---|---|
Carrie Crompton Executive Director | Officer | 20 | $30,816 |
Heather Gutting Former Executive Director | 20 | $6,167 | |
Lee Douaangkeomany Vice President | Officer | 1 | $0 |
Katy Jochum President | Officer | 2 | $0 |
Warren Clark Teacher Representative | Trustee | 1 | $0 |
Arthur Graves Ex-President (nv) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,333 |
| Total Program Service Revenue | $48,310 |
| Investment income | $1,495 |
| 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 | $235,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,503 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,899 |
| Compensation of current officers, directors, key employees. | $1,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,475 |
| Fees for services: Management | $150 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $199 |
| Office expenses | $0 |
| Information technology | $7,121 |
| Royalties | $0 |
| Occupancy | $2,143 |
| Travel | $208 |
| 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 | $3,761 |
| All other expenses | $13,205 |
| Total functional expenses | $134,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,158 |
| Savings and temporary cash investments | $84,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,810 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,530 |
| Prepaid expenses and deferred charges | $779 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $198 |
| Total assets | $185,365 |
| Accounts payable and accrued expenses | $1,320 |
| 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 | $9,077 |
| Total liabilities | $10,397 |
| Net assets without donor restrictions | $174,968 |
| 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 | $185,365 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project Megsss Incorporated has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Childrens Academy Palatine, IL | $11,413,469 | $5,123,526 |
Gifted Resource Council Saint Louis, MO | $91,948 | $278,428 |
Project Megsss Incorporated Saint Louis, MO | $185,365 | $235,138 |
Arkansans For Gifted And Talented Education Little Rock, AR | $191,490 | $0 |
Iowa Talented And Gifted Iowa City, IA | $59,568 | $0 |
Parents And Advocates For Gifted Education Inc Springfield, MO | $66,268 | $0 |
Nebraska Association For The Gifted Inc La Vista, NE | $61,234 | $0 |