Projecthandup
- Assets
- $51.7m
- Revenue
- $5.2m
- Investments
- $10.7m
- Employees
- 29
- Location
- Grapevine, TX
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 90-0705496
Organization Overview
Projecthandup is located in Grapevine, TX. The organization was established in 2011. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Projecthandup employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Projecthandup 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 12/2023, Projecthandup generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GATEHOUSE GIVES A HAND UP TO GOAL-ORIENTED WOMEN WHO ARE WORKING TO OVERCOME HARDSHIPS BY EQUIPPING THEM TO CREATE A FOUNDATION FOR PERMANENT SELF-SUSTAINABILITY.OUR CURRICULUM FOCUSES ON PROBLEM-SOLVING AND PROVIDES RESOURCES AS NEEDED BASED ON THE INDIVIDUAL'S NEEDS AND GOALS. THE GATEHOUSE PROGRAM ALLOWS FAMILIES TO ACHIEVE THE DIGNITY OF EARNED SUCCESS THROUGH A CAREER-BASED INCOME, FINANCIAL STABILITY AND THE SKILLS TO MANAGE THEIR EMOTIONAL, SPIRITUAL AND PHYSICAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GATEHOUSE PROGRAM SERVES WOMEN IN THE DFW COMMUNITY AND IS TAILORED TO AN INDIVIDUAL'S SITUATION BASED ON THE TIME AND TOOLS NECESSARY TO ACHIEVE THE DIGNITY OF EARNED SUCCESS AND SKILLS TO MANAGE THEIR SPIRITUAL, EMOTIONAL AND FINANCIAL SUCCESS. THE HOLISTIC APPROACH PROVIDES SUPPORT AS OUR MEMBERS WORK TOWARD ACHIEVING CAREER-RELATED EDUCATION GOALS, BUILDING A CAREER-BASED INCOME, STABILIZING THEIR FINANCES, AND ADDRESSING BARRIERS SUCH AS LEGAL, TRANSPORTATION, MENTAL HEALTH AND OTHER ISSUES THAT CAN HINDER A WOMAN IN HER JOURNEY TOWARD PERMANENT SELF-SUSTAINABILITY. A NEW EDUCATION TRACK WAS LAUNCHED WHICH FOCUSES ON EMPOWERING GOAL-ORIENTED, SINGLE MOMS OVERCOMING CRISIS AND TEMPORARY HARDSHIPS TO COMPLETE THEIR ASSOCIATES, BACHELOR'S AND MASTER'S-LEVEL DEGREE PROGRAMS IN ON-DEMAND CAREER FIELDS INCLUDING HEALTHCARE AND EDUCATION. THE PROGRAM FURTHERS THE GATEHOUSE'S SUCCESS WITH ITS EXISTING CAREER TRACK, WHICH SERVES UNDEREMPLOYED, MOTIVATED WOMEN AND SINGLE MOTHERS IN BUILDING THEIR CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Traci Coy Treasurer | Trustee | 1 | $0 |
Rich Green Director | Trustee | 0 | $0 |
Dee Kelly Jr Director | Trustee | 0 | $0 |
Denise Laposta Board Secretary | Trustee | 0 | $0 |
Anna Mccoy Director | Trustee | 0 | $0 |
Lisa Rose Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Julie Pam Folley Concrete | 12/30/22 | $129,553 |
Gardner Smith & Hill Pllc Legal | 12/30/22 | $156,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,152,369 |
| Related organizations | $250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,147,913 |
| Noncash contributions included in lines 1a–1f | $181,972 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,550,282 |
| Total Program Service Revenue | $0 |
| Investment income | $518,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $246,122 |
| Net Gain/Loss on Asset Sales | -$164,517 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,155,229 |
| 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. | $349,407 |
| Compensation of current officers, directors, key employees. | $244,008 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,183,957 |
| Pension plan accruals and contributions | $16,865 |
| Other employee benefits | $129,977 |
| Payroll taxes | $123,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,833 |
| Fees for services: Accounting | $64,526 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,419 |
| Fees for services: Other | $453,164 |
| Advertising and promotion | $178,332 |
| Office expenses | $16,809 |
| Information technology | $176,586 |
| Royalties | $0 |
| Occupancy | $677,966 |
| Travel | $4,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $497 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,030,332 |
| Insurance | $161,204 |
| All other expenses | $213,459 |
| Total functional expenses | $5,344,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $978,016 |
| Savings and temporary cash investments | $3,840,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,061 |
| 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 | $141,727 |
| Net Land, buildings, and equipment | $35,847,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,719,682 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,392 |
| Total assets | $51,660,595 |
| Accounts payable and accrued expenses | $99,447 |
| Grants payable | $0 |
| Deferred revenue | $163,565 |
| 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 | $263,012 |
| Net assets without donor restrictions | $51,101,451 |
| Net assets with donor restrictions | $296,132 |
| 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 | $51,660,595 |
Grants Awarded
Over the last fiscal year, Projecthandup has awarded $351,141 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LEGACY EARLY LEARNING ACADEMY PURPOSE: EXEMPT PURPOSE | $315,000 |