Project Iowa
- Assets
- $2.2m
- Revenue
- $884.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Des Moines, IA
- Founding
- 10/2011
- Data as of
- 06/2023
- EIN
- 80-0731028
Organization Overview
Project Iowa is located in Des Moines, IA. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Project Iowa employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Iowa 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 06/2023, Project Iowa generated $884.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $869.9k during the year ending 06/2023. While expenses have increased by 9.4% per year over the past 8 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
TO FACILITATE INDIVIDUAL TRANSFORMATION THAT CONNECTS PEOPLE TO THEIR PURPOSE AND PROVIDES CAREER GUIDANCE TO OBTAIN MEANINGFUL AND STABLE EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT IOWA IS A WORK FORCE TRAINING INTERMEDIARY THAT ASSISTS INDIVIDUALS WITH BOTH TECHNICAL AND CORE SKILLS TO SECURE LIVABLE WAGE EMPLOYMENT. 151 INDIVIDUALS WERE ASSISTED DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larae Brannan President | OfficerTrustee | 2 | $0 |
Amber Gustafson Vice President | OfficerTrustee | 1 | $0 |
Tracey Berg Treasurer | OfficerTrustee | 1 | $0 |
Rick Levi Secretary | OfficerTrustee | 1 | $0 |
Rev Gaddy Director | Trustee | 1 | $0 |
Caryn Evans Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $211,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $611,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $822,521 |
| Total Program Service Revenue | $0 |
| Investment income | $26,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,595 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $884,038 |
| 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. | $111,502 |
| Compensation of current officers, directors, key employees. | $39,026 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,295 |
| Pension plan accruals and contributions | $11,867 |
| Other employee benefits | $48,525 |
| Payroll taxes | $40,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,610 |
| Advertising and promotion | $38,330 |
| Office expenses | $2,939 |
| Information technology | $21,079 |
| Royalties | $0 |
| Occupancy | $48,166 |
| Travel | $2,418 |
| 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 | $6,992 |
| All other expenses | $1,096 |
| Total functional expenses | $869,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,859 |
| Savings and temporary cash investments | $1,617,535 |
| Pledges and grants receivable | $50,507 |
| Accounts receivable, net | $73,210 |
| 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 | $6,244 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,721 |
| Total assets | $2,239,076 |
| Accounts payable and accrued expenses | $4,447 |
| 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 | $1,739,091 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,580 |
| Total liabilities | $1,805,118 |
| Net assets without donor restrictions | $413,568 |
| Net assets with donor restrictions | $20,390 |
| 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 | $2,239,076 |