Project 1649 Inc
- Assets
- $392.8k
- Revenue
- $645.6k
- Investments
- $0.0
- Employees
- 24
- Location
- Janesville, WI
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-2161843
Organization Overview
Project 1649 Inc is located in Janesville, WI. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Project 1649 Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project 1649 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 12/2023, Project 1649 Inc generated $645.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $613.6k during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE BASIC NEEDS ASSISTANCE, CASE MANAGEMENT SUPPORT AND HOUSING OPTIONS TO UNACCOMPANIED HOMELESS YOUTH SO THEY COMPLETE THEIR HIGH SCHOOL EDUCATION AND/OR INCREASE THEIR SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT 1649 PROVIDES BASIC NEEDS ASSISTANCE FOR MORE THAN 300 UNACCOMPANIED HOMELESS YOUTH IN ROCK COUNTY WI EACH YEAR AND PROVIDES DIRECT ASSISTANCE AND CASE MANAGEMENT TO APPROXIMATELY 90 YOUTH. THE ORGANIZATION ALSO OPERATES TWO SUPERVISED TRANSITIONAL LIVING HOMES (ONE FOR FEMALES AND ONE FOR MALES) WHICH SERVE 30-40 YOUTH ANNUALLY. PROJECT 1649 PROVIDES YOUTH (TRANSITIONAL LIVING HOME RESIDENTS, COMMUNITY CASE MANAGEMENT PARTICIPANTS, AND IN-SCHOOL WORKSHOP PARTICIPANTS) WITH OPPORTUNITIES TO LEARN AND DEVELOP IMPORTANT INDEPENDENT LIVING/LIFE SKILLS. IN 2023, THE TRANSITIONAL LIVING HOMES SERVED 34 YOUTH. 94% OF RESIDENTS GRADUATED OR WERE ATTENDING SCHOOL REGULARLY, THE PROGRAM ACHIEVED A 100% POSITIVE EXIT RATE, 85% OBTAINED/INCREASED EMPLOYMENT AND 95% OF YOUTH INCREASED THEIR SELF-SUFFICIENCY SCORE IN TWO OR MORE OF FIVE KEY AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobbie Kedrowski Chairperson | OfficerTrustee | 2 | $0 |
Sheryl Hooker Vice Chairperson | OfficerTrustee | 1.5 | $0 |
Melanie Mussey Treasurer | OfficerTrustee | 1.5 | $0 |
Kesley Mccarthy Secretary | OfficerTrustee | 1.5 | $0 |
Rachel Andres Board Member | Officer | 0.5 | $0 |
Patty Haggerty Board Member | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,147 |
| Related organizations | $0 |
| Government grants | $145,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,318 |
| Noncash contributions included in lines 1a–1f | $85,305 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,386 |
| Total Program Service Revenue | $0 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,005 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $645,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $72,920 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $364,214 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,236 |
| Office expenses | $18,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,569 |
| Travel | $5,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $470 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,683 |
| Insurance | $10,833 |
| All other expenses | $0 |
| Total functional expenses | $613,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,179 |
| Savings and temporary cash investments | $41,851 |
| Pledges and grants receivable | $46,198 |
| 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 | $5,378 |
| Net Land, buildings, and equipment | $208,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $392,840 |
| Accounts payable and accrued expenses | $46,725 |
| 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 | $46,725 |
| Net assets without donor restrictions | $346,115 |
| 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 | $392,840 |