Project 658 Inc
- Assets
- $2.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 47
- Location
- Charlotte, NC
- Founding
- 10/2013
- Data as of
- 06/2022
- EIN
- 46-2956418
Organization Overview
Project 658 Inc is located in Charlotte, NC. The organization was established in 2013. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Project 658 Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project 658 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, Project 658 Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 15.4% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE THAT CHRIST'S LOVE COMPELS US TO CHANGE THE WORLD THROUGH SERVING OUR NEIGHBORS. WE ARE A CHRIST-CENTERED, HOLISTIC MINISTRY PROVIDING SERVICES FOR AT-RISK FAMILIES IN CHARLOTTE, MOVING THEM TOWARD SUSTAINABILITY, WITH A KEY FOCUS ON THE INTERNATIONAL AND REFUGEE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST REFUGEES AND OTHERS WHO ARE IN NEED TO BECOME SELF-SUFFICIENT BY PROVIDING THEM WITH TRAINING IN FOOD SERVICES, SPORTS PROGRAMS, TEACHING, AND BIBLE STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Bernier Executive Di | Officer | 40 | $71,223 |
Brent Bowman Director | Trustee | $0 | |
Glen Cherry Director | Trustee | $0 | |
Curt Grantham Director | Trustee | $0 | |
Brian Schoeck Director | Trustee | $0 | |
Tim Sittema Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $474,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,767,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,241,907 |
| Total Program Service Revenue | $821,154 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $148,320 |
| Net Gain/Loss on Asset Sales | $28,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,256,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,251,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,485 |
| Payroll taxes | $102,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,100,611 |
| Advertising and promotion | $45,921 |
| Office expenses | $71,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $191,517 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,348 |
| Insurance | $22,234 |
| All other expenses | $0 |
| Total functional expenses | $3,023,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $262,826 |
| Accounts receivable, net | $55,178 |
| 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 | $9,235 |
| Net Land, buildings, and equipment | $1,430,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,366,463 |
| Accounts payable and accrued expenses | $48,987 |
| Grants payable | $0 |
| Deferred revenue | $72,500 |
| 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 | $523,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $644,919 |
| Net assets without donor restrictions | $1,721,544 |
| 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 | $2,366,463 |