Project42
- Assets
- $858.1k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 5
- Location
- St Paul, MN
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-3125072
Organization Overview
Project42 is located in St Paul, MN. The organization was established in 2019. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Project42 employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project42 is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Project42 has awarded 36 individual grants totaling $3,164,658. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AWARENESS AND RESOURCES FOR THE 42% OF THE WORLD THAT HAS NO ACCESS TO THE GOSPEL OF CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT42 CAREFULLY EVALUATES AND INVESTS IN STRATEGIC MISSIONARY PARTNERS WHO MOBILIZE MORE MISSIONARIES TO THE UNREACHED, TRANSLATE SCRIPTURES INTO LANGUAGES THAT HAVE NEVER HAD SCRIPTURES IN THEIR OWN LANGUAGE, PLANT CHURCHES WHERE THERE ARE NONE, PROVIDE MUCH NEEDED BUSINESS CAPITAL TO START BUSINESSES AMONG THE UNREACHED, CARES FOR THE THOSE IN NEED AND RAISE AWARENESS ABOUT THE CHALLENGES AND REALITIES OF THE UNREACHED. PLEASE NOTE THAT ALL FUNDRAISING EVENT EXPENSES ARE UNDERWRITTEN AND COVERED BY A GROUP OF GENEROUS SPONSORS WHO SHARE OUR VISION AND MISSION TO PROVIDE ACCESS FOR THE UNREACHED. PROJECT42 AND IT'S SPONSORS BELIEVE THAT THE GREATEST MISSION DESERVES OUR GREATEST EFFORTS AND SHOULD BE REFLECTED IN THE LEVEL OF EXCELLENCE AND INTENTIONALLY IN RAISING AWARENESS AND RESOURCES FOR THOSE ON THE FRONTLINES OF THE UNREACHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Mack Chairman | Trustee | 30 | $61,464 |
Mark Dean Board Member | Trustee | 1 | $0 |
Elwin Mack Board Member | Trustee | 1 | $0 |
Christopher Bowman Board Member | Trustee | 1 | $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 | $2,386,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,386,488 |
| Total Program Service Revenue | $0 |
| Investment income | $144 |
| 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 | $2,386,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,863,366 |
| 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 | $199,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,302 |
| 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 | $33,292 |
| Advertising and promotion | $0 |
| Office expenses | $14,821 |
| Information technology | $9,846 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,075 |
| 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 | $1,360 |
| All other expenses | $0 |
| Total functional expenses | $2,399,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $621,277 |
| Savings and temporary cash investments | $236,802 |
| 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 | $858,079 |
| Accounts payable and accrued expenses | $89,247 |
| 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 | $0 |
| Total liabilities | $89,247 |
| Net assets without donor restrictions | $768,832 |
| 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 | $858,079 |
Grants Awarded
Over the last fiscal year, Project42 has awarded $1,827,084 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AGWM PURPOSE: TO PROVIDE ACCESS TO THE GOSPEL. | $1,047,750 |
ALL NATIONS INTERNATIONAL PURPOSE: TO PROVIDE ACCESS TO THE GOSPEL. | $6,545 |
BETHANY GLOBAL PURPOSE: TO PROVIDE ACCESS TO THE GOSPEL. | $319,400 |
DEAF BIBLE SOCIETY PURPOSE: TO PROVIDE ACCESS TO THE GOSPEL. | $10,900 |
FRONTIER VENTURES PURPOSE: TO PROVIDE ACCESS TO THE GOSPEL. | $9,300 |
GLOBAL FRONTIER MISSIONS PURPOSE: TO PROVIDE ACCESS TO THE GOSPEL | $8,525 |