124 Project Inc
- Assets
- $69.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wake Forest, NC
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 46-5290200
Organization Overview
124 Project Inc is located in Wake Forest, NC. The organization was established in 2014. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 124 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 12/2022, 124 Project Inc generated $146.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $136.4k during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SHARE GOD'S LOVE THROUGH WORD AND ACTION BECAUSE WE HAVE 1 WORLD 2 CARE 4.
Describe the Organization's Program Activity:
Part 3
WE PREPARED 350 SHOE BOXES FOR OPERATION CHRISTMAS CHILD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia G Shriver President | 15 | $0 | |
Doug White Vice President | 5 | $0 | |
Megan Rowe Secretary | 5 | $0 | |
Laura White Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,314 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $31,288 |
| Other Revenue | $8 |
| Total Revenue | $146,610 |
| 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 | $350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $10 |
| Other expenses | $9,649 |
| Total expenses | $136,432 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $69,099 |
| Other assets | $0 |
| Total assets | $69,099 |
| Total liabilities | $0 |
| Net assets or fund balances | $69,099 |