Project Onyx Inc
- Assets
- $23.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Bondurant, IA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3067838
Organization Overview
Project Onyx Inc is located in Bondurant, IA. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Project Onyx Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Onyx Inc 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 12/2022, Project Onyx Inc generated $75.4k 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 (14.5%) each year. All expenses for the organization totaled $51.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (28.6%) per year over the past 2 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE SCHOLARSHIPS FOR FITNESS ACTIVITIES, MENTOR 50 PLUS KIDS WITH FREE ACCESS TO FITNESS AND MEALS, PROVIDED OPPORTUNITIES FOR KIDS TO PARTICIPATE IN FITNESS PROGRAMMING AND SPONSORSHIP IN FITNESS COMPETITIONS, HELPED GET KIDS TRAINING IN FITNESS EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elijah Muhammad Vice President | 15 | $5,540 | |
Patrick Ford President | 10 | $13,325 | |
Tamara Empty Treasurer | 5 | $0 | |
Jenvier Irambona Program Assistant | 5 | $4,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,402 |
| 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 | $75,402 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,072 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,851 |
| Total expenses | $51,923 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,479 |
| Other assets | $0 |
| Total assets | $23,479 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,479 |