Project 88 Foundation
- Assets
- $0.0
- Revenue
- $16.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Missouri City, TX
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 47-2066462
Organization Overview
Project 88 Foundation is located in Missouri City, TX. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project 88 Foundation 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 88 Foundation generated $16.7k 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 (31.9%) each year. All expenses for the organization totaled $63.1k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT UNDERSERVED STUDENTS TO LEADERSHIP DEVELOPMENT AND EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT ADVISE: PROJECT 88 SPONSORS CERTIFIED ADVISE TX COLLEGE ADVISORS TO SERVE IN HOUSTON AREA PUBLIC HIGH SCHOOLS. STUDENTS THAT ATTEND A SCHOOL WITH A PROJECT 88 SPONSORED ADVISOR ARE 30% MORE LIKELY TO APPLY TO A COLLEGE OR A UNIVERSITY. PROJECT 88 HAS SUPPLIED OVER 12,500 STUDENTS WITH THESE CERTIFIED ADVISORS IN UNDERSERVED HOUSTON AREA PUBLIC HIGH SCHOOLS.
PROJECT EXPLORE: AT PROJECT 88, WE BELIEVE THAT COLLEGE MIGHT NOT BE THE BEST OPTION FOR EVERYONE. THEREFORE, WE SPONSOR CAREER ADVISORS THROUGH A PROGRAM CALLED BRIDGEYEAR, WHERE ADVISORS HELP GUIDE RECENT HIGH SCHOOL GRADUATES THROUGH CAREER TEST DRIVES, AS WELL AS CONNECT STUDENTS TO ADVISING FOR COMMUNITY COLLEGE.
PROJECT ACHIEVE: PROJECT 88 PROVIDES WRAP-AROUND SUPPORT FOR HIGH-ACHIEVING STUDENTS THAT ARE DESTINED FOR THE NATION'S TOP-TIER COLLEGES. OFTENTIMES, THE FINANCIAL OBSTACLES THAT PREVENT STUDENTS FROM MATRICULATING TO OUT-OF-STATE COLLEGES ARE MODEST. AT PROJECT 88, WE BELIEVE THAT EXPENSES SHOULD NEVER PREVENT A STUDENT FROM AN IVY LEAGUE DEGREE, THUS WE PROVIDE EXTRA FUNDING SO THAT STUDENTS MATRICULATING TO COLLEGE FLOURISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Engen Secretary | OfficerTrustee | 2 | $0 |
Garrett Graham Vice President | OfficerTrustee | 2 | $0 |
Ericka Graham President | OfficerTrustee | 5 | $0 |
Jennifer Hoffman Treasurer | OfficerTrustee | 2 | $0 |
Johnathan Lusk Director | Trustee | 1 | $0 |
Hannah Mcnair 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 | $16,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,728 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,135 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $672 |
| Information technology | $2,451 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $831 |
| Total functional expenses | $63,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Project 88 Foundation has recieved totaling $25,090.
| Awarding Organization | Amount |
|---|---|
Robert & Janice Mcnair Foundation Houston, TX PURPOSE: SUPPORT OF COLLEGE ADVISORS AT ADVISETX, AS WELL AS THE BRIDGE YEAR PROGRAM, SO THAT UNDERSERVED STUDENTS CAN SUCCEED AT COMMUNITY COLLEGES AND TRADE SCHOOLS. | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Priority Systems Morgans Point Resort, TX | $7,897,888 | $10,026,336 |
Robotics Education And Competition Foundation Inc Greenville, TX | $3,564,646 | $10,348,184 |
Nova Charter School Dallas, TX | $10,485,443 | $9,145,221 |
Oklahoma State University Research Foundation Inc Stillwater, OK | $8,047,594 | $10,291,004 |
Academy Of Accelerated Learning Inc Houston, TX | $10,127,999 | $9,771,717 |
Joy Development School Houston, TX | $25,620,110 | $10,897,080 |
The Argyle San Antonio, TX | $5,513,932 | $8,298,187 |
40 Days For Life Bryan, TX | $11,994,693 | $10,374,379 |
School Of Excellence In Education San Antonio, TX | $13,458,498 | $7,205,477 |
Comp-U-Dopt Houston, TX | $5,810,646 | $9,069,323 |
Christian Schools Inc River Ridge, LA | $11,376,720 | $7,440,068 |
Children At Heart Foundation Round Rock, TX | $120,247,814 | $7,888,941 |