25 Project Inc
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- McKinney, TX
- Founding
- 02/2012
- Data as of
- 06/2022
- EIN
- 45-3800583
Organization Overview
25 Project Inc is located in McKinney, TX. 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 06/2022, 25 Project Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 25 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 06/2022, 25 Project Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
THE 25 PROJECT SERVES ORPHANS AND VULNERABLE CHILDREN IN SIERRA LEONE, DOMINICAN REPUBLIC, SOUTH ASIA AND SOUTH AFRICA. WHILE WE STRIVE TO MEET THE PHYSICAL NEEDS OF CHILDREN THROUGH REGULAR MEALS, SHELTER, AND EDUCATION, OUR GREATEST HOPE IS THAT THEY BE TRANSFORMED BY THE GOSPEL OF JESUS CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAME CHANGERS CHILD SPONSORSHIP PROGRAM: OUR SPONSORSHIP PROGRAM IS DESIGNED TO PERSONALLY ENGAGE SPONSORS WITH CHILDREN AND YOUTH WHO WE MINISTER TO ON A CONTINUAL BASIS. WE CURRENTLY HAVE SPONSORSHIP AVAILABLE IN SIERRA LEONE, THE DOMINICAN REPUBLIC, SOUTH ASIA, AND SOUTH AFRICA. THROUGH SPONSORSHIP, THE KIDS IN OUR CARE RECEIVE REGULAR NUTRITIOUS MEALS, THE OPPORTUNITY FOR EDUCATION AND TUTORING, BASIC MEDICAL CARE, AND MOST IMPORTANTLY EACH CHILD CONTINUALLY HEARS THE GOSPEL AND HAS THE OPPORTUNITY TO KNOW CHRIST IN A PERSONAL RELATIONSHIP. OUR HOPE IS THAT THROUGH TANGIBLE NEEDS BEING ADDRESSED AND MET, THE GOSPEL IS ALL THE MORE PUT ON DISPLAY FOR CHILDREN AND THE COMMUNITIES WE SERVE.
MISSION EXPEDITIONS: WE LEAD TEAMS THROUGHOUT THE YEAR TO SERVE ON MISSION IN EACH OF OUR MINISTRY LOCATIONS. WE CURRENTLY SEND SHORT-TERM TEAMS TO THE DOMINICAN REPUBLIC, SOUTH ASIA, SOUTH AFRICA, AND SIERRA LEONE. OUR TEAMS SERVE A STRATEGIC AND LONG-TERM PURPOSE WHICH FOCUSES ON THE ONGOING WORK ALREADY ESTABLISHED IN EACH MINISTRY LOCATION. OUR TEAMS ASSIST IN THE DISCIPLESHIP PROCESS WITH THE CHILDREN WE SERVE, AS WELL AS PROVIDE OPPORTUNITIES FOR CHILDREN WHO MAY NOT HAVE A RELATIONSHIP WITH CHRIST TO BE INTRODUCED TO HIM.
MELISSA COMMUNITY OUTREACH: THROUGH THE MELISSA COMMUNITY OUTREACH (MCO), WE SEEK TO MEET THE COMMUNITIES' PHYSICAL NEEDS THROUGH THE FOOD PANTRY MINISTRY. THROUGH FAMILY EVENTS, EDUCATION CLASSES, AND A YOUTH PROGRAM, WE ALSO HOPE TO HELP THE COMMUNITY THRIVE AS WE SHARE THE HOPE FOUND THROUGH A RELATIONSHIP WITH JESUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Jones Davis Executive Director | OfficerTrustee | 50 | $52,372 |
Robert Patton Director | Trustee | 1 | $0 |
Blake Reynolds Director | Trustee | 1 | $0 |
Curtis Rippee Director | Trustee | 1 | $0 |
Kyle Hendrickson Director | Trustee | 1 | $0 |
Lance Bauslaugh 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 | $1,328,952 |
| Noncash contributions included in lines 1a–1f | $10,044 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,328,952 |
| Total Program Service Revenue | $0 |
| Investment income | $3,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$461 |
| Net Income from Fundraising Events | $229 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,332,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,811 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $93,237 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,500 |
| Compensation of current officers, directors, key employees. | $27,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $309,752 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,025 |
| Fees for services: Accounting | $15,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,567 |
| Advertising and promotion | $18 |
| Office expenses | $80,529 |
| Information technology | $41,814 |
| Royalties | $0 |
| Occupancy | $29,958 |
| Travel | $103,737 |
| 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 | $16,803 |
| Insurance | $3,834 |
| All other expenses | $0 |
| Total functional expenses | $1,055,311 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,236 |
| Savings and temporary cash investments | $743,610 |
| 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 | $34,424 |
| Net Land, buildings, and equipment | $613,589 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,459,859 |
| Accounts payable and accrued expenses | $23,378 |
| 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 | $23,378 |
| Net assets without donor restrictions | $949,918 |
| Net assets with donor restrictions | $486,563 |
| 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 | $1,459,859 |