Project Destined Inc
- Assets
- $799.3k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-3858986
Organization Overview
Project Destined Inc is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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 Destined 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 12/2021, Project Destined Inc generated $2.5m in total revenue. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 119.0% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT DESTINED IS 501(C)3 NOT-FOR-PROFIT CORPORATION THAT ADMINISTERS A REAL ESTATE BASEDAPPLIED YOUTH EDUCATION PROGRAM DESIGNED TO PROMOTE FINANCIAL LITERACY, LEADERSHIP DEVELOPMENT AND ACCESS TO MENTORSHIP OPPORTUNITIES YIELDING INCREASED COMPETITIVENESS FOR URBAN YOUTH. ACROSS MULTIPLE MODULES, PROJECT DESTINED SCHOLARS GAIN EXPOSURE TO ALL ASPECTS OF THE REAL ESTATE INVESTMENT LIFE CYCLE WHILE GAINING EXPOSURE TO REAL INDUSTRY PROFESSIONALS, ANALYZING REAL ESTATE OPPORTUNITIES AND HELPING TO INVEST REAL CAPITAL INTO REAL ESTATE WITHIN THEIR OWN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF A REAL ESTATE BASED APPLIED EDUCATION PROGRAM DESIGNED TO PROMOTE FINANCIAL LITERACY, LEADERSHIP DEVELOPMENT AND ACCESS TO MENTORSHIP OPPORTUNITIES YIELDING INCREASED COMPETITIVENESS OF URBAN YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cedric Bobo Founder | OfficerTrustee | 10 | $0 |
Angela Johnson Director | Trustee | 5 | $0 |
Tj Edwards Director | Trustee | 5 | $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 | $2,479,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,479,831 |
| Total Program Service Revenue | $9,690 |
| 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 | $2,489,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,613,807 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,024 |
| Advertising and promotion | $51,800 |
| Office expenses | $1,996 |
| Information technology | $26,103 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,472 |
| 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 | $0 |
| Total functional expenses | $1,852,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $799,347 |
| 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 | $799,347 |
| 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 | $10,687 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,687 |
| Net assets without donor restrictions | $788,660 |
| 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 | $799,347 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Project Destined Inc has recieved totaling $114,828.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $76,717 |
Standard Plus Foundation Los Angeles, CA PURPOSE: DONATION | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,106 |
Kean Foundation Inc Parsippany, NJ PURPOSE: UNRESTRICTED | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Results For America Washington, DC | $34,611,584 | $37,342,488 |
Israel On Campus Coalition Washington, DC | $6,950,162 | $10,725,464 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Frameworks Institute Washington, DC | $8,374,816 | $6,057,104 |
News Literacy Project Inc Bethesda, MD | $6,963,162 | $5,070,663 |
Seed Foundation Inc Washington, DC | $10,420,742 | $4,996,042 |
College Summit Inc Washington, DC | $4,976,677 | $6,077,996 |
Maryland Business Roundtable For Education Inc Baltimore, MD | $721,059 | $3,522,017 |
Virginia Tech Services Inc Blacksburg, VA | $8,676,644 | $3,908,616 |
Technology Student Association Reston, VA | $4,030,587 | $3,611,530 |
Petersburg Library Foundation Inc Petersburg, VA | $154,347 | $1,622,780 |
I E C Chesapeake Apprenticeship & Training Inc Laurel, MD | $3,113,507 | $2,893,289 |