Very Important Projects Fund
- Assets
- $74.7k
- Revenue
- $219.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Dover, DE
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-0854265
Organization Overview
Very Important Projects Fund is located in Dover, DE. The organization was established in 2016. According to its NTEE Classification (O01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Very Important Projects Fund 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, Very Important Projects Fund generated $219.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $268.3k during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 6 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
YOUTH DEVELOPMENT & EDUCATIONAL SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDSEEDCROWDFUNDING SOCIAL NETWORK CONNECTING STUDENTS WITH DONORS AND MENTORS WHO SUPPORT THEIR HIGHER EDUCATION AND JOURNEY
GRANTS/DONATIONS TO EDUCATION BASED ORGANIZATIONS PROVIDING SERVICES TO REFUGEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rama Chakaki Executive Dir. | Trustee | 28 | $0 |
Rasha Ajalyaqeen Director | Trustee | 3 | $0 |
Mai Barazi Director | Trustee | 3 | $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 | $9,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,108 |
| Total Program Service Revenue | $209,984 |
| 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 | $219,092 |
| 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 | $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 | $6,532 |
| 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 | $0 |
| Information technology | $0 |
| 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 | $867 |
| Insurance | $0 |
| All other expenses | $57,737 |
| Total functional expenses | $268,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,074 |
| 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 | $74,653 |
| 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 | $500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,661 |
| Total liabilities | $2,161 |
| Net assets without donor restrictions | $72,492 |
| 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 | $74,653 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Echl Inc Shrewsbury, NJ | $6,897,413 | $8,364,476 |
Community Advocates For Family & Youth Capitol Heights, MD | $1,890,130 | $2,151,821 |
Childrens Advocacy Centers Of Pennsylvania Harrisburg, PA | $195,848 | $1,005,354 |
American Youth Policy Forum Lanham, MD | $0 | $119,792 |
Broadband Tax Institute Philadelphia, PA | $187,738 | $314,257 |
Healthy Village Learning Institute Inc Mckeesport, PA | $209,135 | $258,227 |
Very Important Projects Fund Dover, DE | $74,653 | $219,092 |
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Gatsby Showcase Laurel, MD | $2,438 | $121,344 |
Infinite Lifestyles Solutions Pittsburgh, PA | $91,744 | $0 |
Teenhaven Live York, PA | $18,385 | $87,723 |
Ducatus Foundation Inc Morristown, NJ | $0 | $0 |
Allegany Youth Enrichment Program Services Inc Cumberland, MD | $6,780 | $0 |
Safe and Sound Baltimore's Campaign for our Children Inc Baltimore, MD | $0 | $83 |
Tyrone Area Community Organization Tyrone, PA | $21,815 | $0 |
Hope Social Service Agency Bayonne, NJ | $0 | $800 |
Truth Community Development Corporation Kenilworth, NJ | $0 | $0 |
My Kidz Community Center Inc York, PA | $0 | $0 |