Torrey Project
- Assets
- $14.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- San Diego, CA
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-3302854
Organization Overview
Torrey Project is located in San Diego, CA. The organization was established in 2019. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Torrey Project employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Torrey 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 12/2021, Torrey Project generated $140.3k 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 (22.2%) each year. All expenses for the organization totaled $226.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE THE GLOBAL ADOPTION OF A MORE CONSCIOUS FORM OF STAKEHOLDER-FOCUSED CAPITALISM.
Describe the Organization's Program Activity:
Part 3
EDUCATONAL PROGRAM - WE WILL CONDUCT BOOTCAMPS, EDUCATIONAL WORSHOPS, AND MENTORSHIP PROGRAMS INTENDED TO EDUCATE ASPIRING BUSINESS PERSONS ABOUT THE CONCEPTS OF CONSCIOUS THINKING, CONSCIOUS LEADERSHIP AND CONSCIOUS CAPITALISM AS WELL THE COMPONENT PARTS OF A BUSINESS AND ITS MANAGEMENT TOOLS INCLUDING EMPLOYEES, SUPPLIERS, CUSTOMERS, THEIR COMMUNITIES, CULTURE AND THE BUSINESS ENVIRONMENT. WE WILL BE UTILIZING MOSTLY VOLUNTEERING HOURS TO DELIVER THESE PROGRAM ACTIVITIES.
GRANT PROGRAM - TO PROVIDE GRANTS AND SUPPORT TO ORGANIZATIONS THAT ARE EITHER EXEMPT PUBLIC CHARITIES UNDER IRC SEC. 501(C)(3) OR WHOSE ACTIVITIES ARE EXCLUSIVELY CHARITABLE, EDUCATIONAL, OR RELATED TO THE BETTERMENT OF THE WORLD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ferran CEO | 50 | $10,000 | |
Paula Ferran Secretary | 40 | $5,000 | |
Austin Gontang Board Member | 0.5 | $0 | |
Yumiko Damashek Board Chair | 0.5 | $0 | |
Anthony Lewis Board Member | 0.5 | $0 | |
Corey Mohn Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,305 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $140,305 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,000 |
| Professional fees and other payments to independent contractors | $116,008 |
| Occupancy, rent, utilities, and maintenance | $3,515 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $87,132 |
| Total expenses | $226,655 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,744 |
| Other assets | $0 |
| Total assets | $14,842 |
| Total liabilities | $186,203 |
| Net assets or fund balances | -$171,361 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Torrey Project has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $6,000 |
Giveaseed Foundation Downers Grove, IL PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Philanthropy Action Fund Palo Alto, CA | $40,719,631 | $63,966,410 |
California Association Of Realtors Inc Los Angeles, CA | $141,130,823 | $49,796,356 |
Hawaii Visitors And Convention Bureau Honolulu, HI | $13,094,236 | $27,417,189 |
Airlines Committee Of Hawaii Inc Honolulu, HI | $51,429,795 | $29,139,681 |
California Chamber Of Commerce Sacramento, CA | $24,602,623 | $26,657,104 |
Chamber Of Commerce Of Hawaii Honolulu, HI | $2,410,473 | $21,243,686 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |