Echo Project
- Assets
- $436.3k
- Revenue
- $293.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Laurens, SC
- Founding
- Data as of
- 12/2021
- EIN
- 84-4476199
Organization Overview
Echo Project is located in Laurens, SC. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Echo 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, Echo Project generated $293.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $172.3k during the year ending 12/2021. 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
THE ECHO PROJECT IS A NONPROFIT DEDICATED TO HEALING RACIAL DIVISION AND STANDING AGAINST HATRED THROUGH DIALOGUE, EMPATHY AND UNDERSTANDING. THE ECHO PROJECT WORKS ON EXPANSIVE, COMMUNITY INFORMED PROJECTS THAT RECOGNIZE OUR PAST TO CREATE SPACE FOR A MORE JUST FUTURE, STARTING WITH THE ECHO THEATER IN LAURENS, SC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ECHO PROJECT WORKS ON EXPANSIVE, COMMUNITY INFORMED PROJECTS THAT RECOGNIZE OUR PAST TO CREATE SPACE FOR A MORE JUST FUTURE, STARTING WITH THE ECHO THEATER IN LAURENS, SC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev David Kennedy President | Trustee | 30 | $31,600 |
Regan Freeman Executive Director | Officer | 40 | $29,750 |
Christopher Williams Treasurer | Trustee | 5 | $0 |
Russell Smith Board Member | Trustee | 3 | $0 |
Janice Kennedy Secretary | Trustee | 15 | $0 |
Frances Williams Board Member | Trustee | 10 | $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 | $292,998 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,998 |
| Total Program Service Revenue | $0 |
| 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 | $292,998 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $61,350 |
| Compensation of current officers, directors, key employees. | $31,600 |
| 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 | $3,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $48,411 |
| Office expenses | $2,689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,333 |
| Travel | $0 |
| 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 | $7,989 |
| All other expenses | $0 |
| Total functional expenses | $172,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,834 |
| 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 | $240,420 |
| Total assets | $436,254 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $436,254 |
| Total liabilities and net assets/fund balances | $436,254 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Echo Project has recieved totaling $20,250.
| Awarding Organization | Amount |
|---|---|
The@norman And Emmy Lou Illges Foundation Columbus, GA PURPOSE: HEALING RACIAL DIVISION | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dumac Inc Durham, NC | $16,829,525 | $22,034,082 |
University Of South Carolina Business Partnership Foundation Columbia, SC | $128,044,992 | $17,993,004 |
Francis Marion University Development Foundation Florence, SC | $27,042,578 | $6,587,347 |
Georgia Charter Schools Association Inc Atlanta, GA | $3,275,551 | $3,963,375 |
South Carolina Universities Research And Education Foundation Aiken, SC | $556,555 | $2,208,324 |
South Carolina First Steps To School Readiness Board Of Trustees Greenwood, SC | $426,843 | $2,213,711 |
Henderson County Alliance For Education Hendersonville, NC | $2,111,025 | $2,100,131 |
Renaissance West Community Initiative Charlotte, NC | $9,550,833 | $4,133,933 |
South Carolina State University Real Estate Foundation Inc Orangeburg, SC | $6,877,276 | $1,311,398 |
Gpf Woodson Park Nmtc Inc Atlanta, GA | $32,334,183 | $1,809,363 |
North Carolina Public Library Directors Association Hendersonville, NC | $362,801 | $1,419,864 |
Parents For Educational Freedom In North Carolina Inc Raleigh, NC | $777,909 | $1,211,027 |