1million Project Foundation
- Assets
- $8.1m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 02/2018
- Data as of
- 03/2020
- EIN
- 82-2640564
Organization Overview
1million Project Foundation is located in Overland Park, KS. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. 1million Project 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 03/2020, 1million Project Foundation generated $5.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.6%) each year. All expenses for the organization totaled $9.0m during the year ending 03/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, 1million Project Foundation has awarded 191 individual grants totaling $12,558,134. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP ALLEVIATE THE EDUCATIONAL HOMEWORK GAP BY HELPING ONE MILLION K-12 STUDENTS WHO DO NOT HAVE RELIABLE INTERNET ACCESS AT HOME REACH THEIR FULL EDUCATIONAL POTENTIAL BY PROVIDING MOBILE DEVICES AND FREE HIGH-SPEED INTERNET ACCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 1MILLION PROJECT - 70% OF AMERICA'S SCHOOL TEACHERS ASSIGN HOMEWORK ONLINE, BUT MORE THAN FIVE MILLION FAMILIES WITH SCHOOL-AGED CHILDREN DON'T HAVE HOME INTERNET CONNECTIVITY. WE BELIEVE IN THE POTENTIAL OF ALL STUDENTS TO EXCEL. OUR GOAL IS TO ENABLE ONE MILLION K-12 STUDENTS TO DREAM BIGGER, EXPLORE FURTHER, AND FACE FEWER OBSTACLES TO OPPORTUNITY WITH FREE MOBILE DEVICES AND HIGH-SPEED WIRELESS INTERNET ACCESS. DURING THE FIRST THREE YEARS OF THE 1MILLION PROJECT, APPROXIMATELY 226,000 STUDENTS IN APPROXIMATELY 250 SCHOOL DISTRICTS WITHIN 35 STATES WERE EQUIPPED WITH FREE MOBILE DEVICES AND HIGH-SPEED WIRELESS INTERNET ACCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Michelman President | OfficerTrustee | 40 | $0 |
Vonya Mccann Director | Trustee | 0 | $0 |
Paul Schieber Jr Treasurer | OfficerTrustee | 0 | $0 |
David Tovar Director | Trustee | 0 | $0 |
Josh Morton Senior Advisor | 40 | $0 | |
Debra Ballard Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sprint Corporation Management Services | 3/30/20 | $1,654,973 |
Kwt Global Social Media Services | 3/30/20 | $313,369 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,127,098 |
| Investment income | $100,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$374,513 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,187 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,845,168 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,629,504 |
| Fees for services: Legal | $22,012 |
| Fees for services: Accounting | $52,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $211,310 |
| Advertising and promotion | $327,056 |
| Office expenses | $24,427 |
| Information technology | $43,256 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $160,508 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,533 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,333 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,982,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000 |
| Savings and temporary cash investments | $7,874,521 |
| Pledges and grants receivable | $99,157 |
| 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 | $39,009 |
| Prepaid expenses and deferred charges | $6,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89 |
| Total assets | $8,054,178 |
| 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 | $502,196 |
| Total liabilities | $502,196 |
| 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 |
| Total liabilities and net assets/fund balances | $7,551,982 |
Grants Awarded
Over the last fiscal year, 1million Project Foundation has awarded $6,349,436 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMEDA UNIFIED SCHOOL DISTRICT PURPOSE: Education | $6,111 |
AUSTIN IND SCHOOL DISTRICT PURPOSE: Education | $117,584 |
BALDWIN PARK UNIFIED SCHOOL DISTRICT PURPOSE: Education | $8,015 |
BASSETT UNIFIED SCHOOL DISTRICT PURPOSE: Education | $6,911 |
BETHEL SCHOOL DISTRICT PURPOSE: Education | $12,492 |
BIBB COUNTY SCHOOL DISTRICT PURPOSE: Education | $149,248 |