Project N95
- Assets
- $3.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2021
- EIN
- 85-0570065
Organization Overview
Project N95 is located in Brooklyn, NY. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Project N95 employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project N95 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, Project N95 generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 65.4% each year . All expenses for the organization totaled $2.4m 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
TO PROTECT COMMUNITIES AND THE PEOPLE WHO LIVE AND WORK IN THEM BY PROVIDING EQUITABLE ACCESS TO THE RESOURCES THEY NEED TO STAY SAFE THROUGH THE COVID-19 PANDEMIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERSONAL PROTECTIVE EQUIPMENT (PPE) - AGGREGATED ORDERS: FOR VETTED FRONTLINE HEALTHCARE WORKERS, OPEN UP BUYING PERIODS OF ONE TO THREE WEEKS AND AGGREGATE THE VOLUME OF ORDERS INTO A SINGLE ORDER WITH SUPPLIERS TO ENABLE ACCESS TO VETTED HEALTHCARE WORKERS THAT WERE LOCKED OUT OF ORDINARY SUPPLY CHAIN DURING THE ACUTE PHASE OF COVID-19 PANDEMIC. THIS ALLOWED THESE HEALTHCARE WORKERS TO LOWER THE MINIMUM ORDER QUANTITY OF GOODS NEEDING TO BE PURCHASED AND ENABLED ACCESS TO PRICES AS IF THEY WERE PURCHASING HUNDREDS OF THOUSANDS OF UNITS RATHER THAN JUST ONE BOX.PPE AND COVID-19 DIAGNOSTIC TESTS - RETAIL ORDERS - ECOMMERCE MARKETPLACE FOR PPE AND COVID-19 DIAGNOSTIC TESTS THAT ENABLE THE PUBLIC TO PURCHASE LOW ORDER QUANTITIES OF VETTED ITEMS. RETAIL ECOMMERCE WAS 99.9%, ONLY CARRYOVER AGGREGATIONS IN EARLY 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geoffrey Bonn CFO | Officer | 40 | $106,040 |
Anne Miller Executive Director | OfficerTrustee | 40 | $0 |
Kenneth Bahk Board Member | Trustee | 1 | $0 |
Joseph Titlebaum Board Member | Trustee | 1 | $0 |
Rob Handfiled Board Member | Trustee | 1 | $0 |
Kate Goodrich Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edward Dias Angle Creative Llc Technology Consulting | 12/30/21 | $116,000 |
Geoffrey Bonn Cfo Services | 12/30/21 | $106,040 |
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 | $236,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,129 |
| Total Program Service Revenue | $1,987,459 |
| 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 | $930,531 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,154,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $135,435 |
| 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. | $106,040 |
| Compensation of current officers, directors, key employees. | $5,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $109,618 |
| Payroll taxes | $27,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,137,055 |
| Advertising and promotion | $0 |
| Office expenses | $11,411 |
| Information technology | $137,354 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $463 |
| 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 | $0 |
| Total functional expenses | $2,444,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,962,652 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,428 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $661,269 |
| Prepaid expenses and deferred charges | $213,129 |
| 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 | $3,889,478 |
| Accounts payable and accrued expenses | $1,636,159 |
| Grants payable | $0 |
| Deferred revenue | $883,388 |
| 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 | $2,519,547 |
| Net assets without donor restrictions | $1,369,931 |
| 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 | $3,889,478 |
Grants Awarded
Over the last fiscal year, Project N95 has awarded $109,923 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Barbara, CA PURPOSE: MASKS AND SUPPLIES TO INDIA | $62,208 |
Atlanta, GA PURPOSE: MASK DISTRIBUTION THROUGH COMMUNITY CENTERS | $17,130 |
Beverly Hills, CA PURPOSE: FUNDING FOR SUNDAY SUPPERS EVENT SERIES | $13,500 |
San Diego, CA PURPOSE: MASK FOR CLINICIANS | $9,385 |
Anchorage, AK PURPOSE: MASK DISTRIBUTION | $7,700 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Project N95 has recieved totaling $42,404.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $39,515 |
Allan And Margaret Moore Family Foundation Brooklyn Park, MN PURPOSE: UNRESTRICTED | $1,500 |
Schwan Family Foundation Glen Ellyn, IL PURPOSE: UNRESTRICTED FOR GENERAL USE OF CHARITY | $520 |
Greer-Solien Fund Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cgfns International Inc Philadelphia, PA | $30,792,316 | $24,149,572 |
North Shore-Lij Radiology Services P C Westbury, NY | $6,438,473 | $17,406,935 |
Union Health Center Inc New York, NY | $18,690,918 | $15,923,798 |
Tja Orthopedic Surgery Pc New York, NY | $0 | $10,713,113 |
Ahivim Inc Monroe, NY | $8,974,297 | $15,675,686 |
Commons Project Foundation New York, NY | $8,135,493 | $3,726,619 |
Western New York Clinical Information Exchange Inc Depew, NY | $10,718,220 | $12,539,818 |
Healthcare Information Xchange Of New York Inc Albany, NY | $11,686,996 | $9,602,104 |
Empire Home Infusion Service Inc Malta, NY | $4,763,448 | $9,472,781 |
Avenir Health Inc Glastonbury, CT | $9,602,786 | $8,298,230 |
Emergency Physicians Of Englewood Pc Englewood, NJ | $357,099 | $8,114,882 |
Tri-Valley Care Inc Lafayette Hill, PA | $6,649,105 | $8,969,880 |