Caravanserai Project
- Assets
- $1.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-2497638
Organization Overview
Caravanserai Project is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (Q30) the organization is classified as: International Development, 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. Caravanserai Project 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 12/2023, Caravanserai Project generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.5% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 46.1% 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.
Since 2020, Caravanserai Project has awarded 56 individual grants totaling $590,982. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CARAVANSERAI PROJECT WAS FOUNDED IN 2016 AS A MISSION-DRIVEN HYBRID VENTURE WHOSE GOAL IS TO SUPPORT SOCIAL IMPACT ENTREPRENEURS (FOR PROFIT AND NONPROFIT ALIKE) STRENGTHEN THEIR ORGANIZATIONAL INFRASTRUCTURE AND BUILD SUSTAINABLE AND RELEVANT ORGANIZATIONS THAT ARE WORKING TOWARDS IRREVERSIBLE SYSTEM CHANGE. CARAVANSERAI PROJECT DESIGNS AND IMPLEMENTS TECHNICAL ASSISTANCE AND CAPACITY BUILDING PROGRAMS WITH A PARTICULAR FOCUS ON ENTREPRENEURS AND ORGANIZATIONS IN THE INLAND EMPIRE AND SOUTHERN CALIFORNIA BUT WORKS EXTENSIVELY ACROSS THE NATION AND INTERNATIONALLY. WE HAVE BEEN OPERATING A PRE-ACCELERATOR/INCUBATOR FOR MISSION DRIVEN ORGANIZATIONS IN THE INLAND EMPIRE SINCE 2018. IN 2019 THE ORGANIZATION DEVELOPED A SERIES OF PROGRAMS, THE BREAKTHROUGH MASTERCLASSES. AS COVID-19 THE ORGANIZATION PIVOTED AND PROVIDED ONLINE MASTERCLASSES ON SURVIVAL AND SUSTAINABILITY AND ENDURING IMPACT TO 58 ORGANIZATIONS AND CONDUCTED 17 TRAINING WEBINARS TO OVER 500 ORGANIZATIONS DURING THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEED LAB PRE-ACCELERATOR, LAUNCHED IN 2018, IS AN 8-MONTH PROGRAM (OCTOBER - MAY) DESIGNED TO HELP STARTUP AND EARLY-STAGE ENTREPRENEURS BUILD VIABLE MISSION-DRIVEN VENTURES FROM IDEATION TO PILOTING AND SCALING. IN 2019, THE PROGRAM WAS APPROVED BY UCR-EXTENSION AS A 9-PROFESSIONAL CREDIT SPECIALIZED CERTIFICATE. IT CONSISTS OF COHORT WORKSHOPS AND MONTHLY ONE-ON-ONE COACHING AND MENTORSHIP SESSIONS. PRIORITY IS GIVEN TO APPLICANTS REPRESENTING HISTORICALLY MARGINALIZED AND UNDERSERVED COMMUNITIES. TO DATE, OVER 47 FELLOWS GRADUATED FROM THE PROGRAM, EACH YEAR UP TO 12 NEW FELLOWS JOINING THE PROGRAM.
BUSINESS READINESS TRAINING AND GRANT MAKING ARE INTERCONNECTED AND PROVIDE MISSION-DRIVEN ENTREPRENEURS BOTH TECHNICAL SUPPORT AND FUNDING. STARTING 2022 TO 2024, CARAVANSERAI PROJECT WILL WORK WITH OVER 200 BENEFICIARIES IN THE IE AND PROVIDE A TOTAL OF OVER $1.5M IN MICRO-GRANTS. IN 2023, CARAVANSERAI PROJECT OFFERS ALMOST $1.8M IN UP TO $10,000 MICRO-GRANTS AS PART OF THE DREAM FUND PROGRAM FUNDED BY THE CALIFORNIA OFFICE OF SMALL BUSINESS ADVOCATE TO OVER 150 STARTUP ENTREPRENEURS IN CALIFORNIA WHO SUCCESSFULLY GRADUATED THE BUSINESS READINESS TRAINING PROGRAM OR SEED LAB PRE-ACCELERATOR.
BREAKTHROUGH MASTERCLASSES AND STRATEGIC NETWORKING AND PLANNING CIRCLES ARE SHORT-TERM PROGRAMS FOR LEADERSHIP OF ADVANCED MISSION-DRIVEN ORGANIZATIONS. COHORTS OF UP TO 10 PARTICIPANTS ARE PART OF CURATED CONVERSATIONS, TRAINING, AND EXCHANGES OF IDEAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Bennett Chairman | OfficerTrustee | 40 | $63,750 |
Larry Colton Board Member | Trustee | 1 | $0 |
Craig Dougherty Board Member | Trustee | 1 | $0 |
Susan Gomez Board Member | Trustee | 1 | $0 |
Armetta Parker Board Member | Trustee | 1 | $0 |
Christopher Hopkins-Gillispie Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,038,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $350,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,388,651 |
| Total Program Service Revenue | $17,723 |
| Investment income | $102 |
| 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 | $2,406,476 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $747,500 |
| 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. | $148,835 |
| Compensation of current officers, directors, key employees. | $14,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,126 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,984 |
| Payroll taxes | $27,234 |
| Fees for services: Management | $94,580 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,119 |
| Advertising and promotion | $75,125 |
| Office expenses | $2,030 |
| Information technology | $5,436 |
| Royalties | $0 |
| Occupancy | $26,584 |
| Travel | $34,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $952 |
| Insurance | $6,175 |
| All other expenses | $552 |
| Total functional expenses | $1,532,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $815,355 |
| Savings and temporary cash investments | $490,099 |
| Pledges and grants receivable | $156,029 |
| 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 | $6,774 |
| Net Land, buildings, and equipment | $4,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,274 |
| Total assets | $1,475,288 |
| Accounts payable and accrued expenses | $86,752 |
| 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 | $8,270 |
| Unsecured mortgages and notes payable | $26,565 |
| Other liabilities | $0 |
| Total liabilities | $121,587 |
| Net assets without donor restrictions | $143,358 |
| Net assets with donor restrictions | $1,210,343 |
| 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 | $1,475,288 |
Grants Awarded
Over the last fiscal year, Caravanserai Project has awarded $406,500 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNICATE SPEECH THERAPY INC PURPOSE: PROVIDE MISSION-DRIVEN ENTREPRENEURS SUPPORT AND FUNDING | $7,500 |
AGENCIA UNION LATINA PURPOSE: PROVIDE MISSION-DRIVEN ENTREPRENEURS SUPPORT AND FUNDING | $10,000 |
AIRLING HVAC SOLUTIONS INC PURPOSE: PROVIDE MISSION-DRIVEN ENTREPRENEURS SUPPORT AND FUNDING | $7,500 |
BELLA PIEL SKIN CARE PURPOSE: PROVIDE MISSION-DRIVEN ENTREPRENEURS SUPPORT AND FUNDING | $7,500 |
BLESSINGS FASHION PURPOSE: PROVIDE MISSION-DRIVEN ENTREPRENEURS SUPPORT AND FUNDING | $7,500 |
BILINGUAL LEARNING CENTER PURPOSE: PROVIDE MISSION-DRIVEN ENTREPRENEURS SUPPORT AND FUNDING | $10,000 |