Project 58-10 Inc
- Assets
- $102.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerset, KY
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-1253482
Organization Overview
Project 58-10 Inc is located in Somerset, KY. The organization was established in 2013. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project 58-10 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 12/2021, Project 58-10 Inc generated $147.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $93.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OUR PURPOSE IS TO PROVIDE MEALS FOR CHILDREN WHO DO NOT HAVE ADEQUATE FOOD AT HOME. OUR INITIAL DELIVERY WAS 11 BAGS OF FOOD - NOW OUR DELIVERY HAS GROWN TO OVER 450 BAGS OF FOOD WEEKLY TO 22 LOCAL SCHOOLS. WE ESTIMATE WE HAVE PROVIDED FOOD TO CHILDREN IN EXCESS OF 12,000 TIMES DURING THE TAX YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Peterson President | 20 | $0 | |
Bo Pyles Vice President | 5 | $0 | |
Dave Ledford Secretary | 5 | $0 | |
Libby Morris Director | 5 | $0 | |
Wendy Boots Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,300 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $147,300 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $92,952 |
| Total expenses | $92,952 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,823 |
| Other assets | $0 |
| Total assets | $102,823 |
| Total liabilities | $0 |
| Net assets or fund balances | $102,823 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project 58-10 Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School Nutrition Association Inc Arlington, VA | $16,052,555 | $7,166,354 |
Of One Accord Inc Rogersville, TN | $2,058,166 | $4,725,559 |
Senior Services Of Central Illinois Inc Springfield, IL | $3,845,383 | $3,944,762 |
With Gods Grace Dayton, OH | $218,144 | $3,520,622 |
La Soupe Inc Cincinnati, OH | $5,523,582 | $5,381,446 |
Home Sweet Home Ministries Inc Bloomington, IL | $9,391,953 | $3,394,319 |
Nashville Food Project Inc Nashville, TN | $5,206,540 | $2,809,035 |
Serving Orphans Worldwide Inc Bristol, TN | $957,366 | $2,923,853 |
Connecting Kids To Meals Inc Toledo, OH | $4,007,199 | $3,835,349 |
A Gift From Ben Inc Williamsburg, VA | $40,903 | $2,555,579 |
Growing Hope Globally Western Springs, IL | $4,107,302 | $3,385,561 |
Community Food Pantry Butler, MO | $636,054 | $2,354,710 |