Project 42
- Assets
- $132.7k
- Revenue
- $953.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Pacific, WA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4888807
Organization Overview
Project 42 is located in Pacific, WA. Project 42 is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Project 42 generated $953.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 53.9% each year . All expenses for the organization totaled $822.6k during the year ending 12/2021. While expenses have increased by 43.2% per year over the past 2 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
TO SUPPORT BUILDING INFRASTRUCTURE IN WASHINGTON STATE AROUND FREE MARKETS, PERSONAL LIBERTY, AND PUBLIC SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPACITY GROUPS - OUR APPROACH IS TO BUILD A DURABLE CONSERVATIVE INFRASTRUCTURE THAT WILL CHANGE THE STATUS QUO OVER TIME. THE KEY COMPONENTS OF OUR APPROACH ARE: IDENTIFY CORE CAPACITIES THAT NEED TO BE BUILT OR FINANCED. IDENTIFY, VET AND INVEST IN THE MOST EFFECTIVE ORGANIZATIONS TO BUILD THESE CAPACITIES. RUN THOSE ORGANIZATIONS LIKE BUSINESSES- CREATING GOALS AND METRICS TO MEASURE OUTCOMES. MOST IMPORTANTLY, THE WORK OF THIS DURABLE INFRASTRUCTURE WILL NEVER STOP. PROJECT 42 WILL CONTINUE TO BUILD FOR THE LONG-TERM. CAPACITY GROUPS FOR 2021 INCLUDE A FEMALE CANDIDATE RECRUITING AND TRAINING PLATFORM, A MEDIA OPERATIONS ORGANIZATION THAT FOCUSES ON ACCOUNTABILITY AND PUBLIC SAFETY ISSUES IN SEATTLE, AND A NEWS FOUNDATION ORGANIZATION THAT ENSURES STORIES IN THE NEWS TELL THE TAXPAYERS' POINT OF VIEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Gordon Chair/treasurer | OfficerTrustee | 5 | $0 |
Jim Hill Director/secretary (thru 4/21) | Trustee | 0.5 | $0 |
Brian Heywood Director | Trustee | 0.5 | $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 | $953,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $953,844 |
| 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 | $953,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $492,496 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,260 |
| Fees for services: Accounting | $5,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $670 |
| Advertising and promotion | $3,536 |
| Office expenses | $177 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $310,480 |
| Total functional expenses | $822,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,673 |
| 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 | $132,673 |
| 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 | $132,673 |
| 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 | $132,673 |
Grants Awarded
Over the last fiscal year, Project 42 has awarded $492,496 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: PROMOTE JOURNALISM AND EDUCATION OF THE PUBLIC | $239,000 |
Snohomish, WA PURPOSE: FEMALE CANDIDATE RECRUITING AND TRAINING | $195,996 |
Snohomish, WA PURPOSE: SUPPORT ACCOUNTABILITY AND PUBLIC SAFETY ISSUES IN SEATTLE | $57,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Development Foundation Woodland, CA | $499,472 | $124,731 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Central Valley General Hospital Hanford, CA | $0 | $118,529,798 |
Community Action Partnership Of San Luis Obispo County Inc San Luis Obispo, CA | $35,822,140 | $99,105,503 |
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $67,749,672 | $85,873,278 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Rogue Credit Union Medford, OR | $2,944,952,062 | $136,267,424 |
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |
Credit Unions In The State Of Washington Richland, WA | $2,255,622,236 | $118,353,811 |
Benefis Health System Inc Great Falls, MT | $1,511,234,520 | $121,846,801 |
Casa Colina Hospital And Centers For Healthcare Pomona, CA | $87,824,424 | $102,811,572 |
Covenant Health System Renton, WA | $235,112,275 | $106,469,001 |