Civic Intelligence

The Phd Project Association

990 • Fiscal year 2013 • EIN 20-2610773

Jul 01, 2012 to Jun 30, 2013 • Filed on May 12, 2014

3 Chestnut Ridge Road07645-0345
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

8th percentile

-17%

Faster asset growth than 8% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$1,545,438

Down $306,791 (-17%) from 2012

Net Assets

Down

$1,539,688

Down $307,041 (-17%) from 2012

Liabilities

Up

$5,750

Up $250 (+4.5%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,040,961

Up $296,365 (+17%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,892,132Liabilities 2011: $102,619Net Assets 2011: $1,789,5132011Assets 2012: $1,852,229Liabilities 2012: $5,500Net Assets 2012: $1,846,7292012Assets 2013: $1,545,438Liabilities 2013: $5,750Net Assets 2013: $1,539,6882013Assets 2014: $1,595,335Liabilities 2014: $26,160Net Assets 2014: $1,569,1752014Assets 2015: $1,696,130Liabilities 2015: $12,600Net Assets 2015: $1,683,5302015Assets 2016: $2,518,000Liabilities 2016: $20,470Net Assets 2016: $2,497,5302016Assets 2017: $3,019,514Liabilities 2017: $6,500Net Assets 2017: $3,013,0142017Assets 2018: $2,941,300Liabilities 2018: $19,091Net Assets 2018: $2,922,2092018Assets 2019: $2,784,748Liabilities 2019: $46,398Net Assets 2019: $2,738,3502019Assets 2020: $1,673,179Liabilities 2020: $76,746Net Assets 2020: $1,596,4332020Assets 2021: $3,174,411Liabilities 2021: $24,401Net Assets 2021: $3,150,0102021Assets 2022: $2,576,486Liabilities 2022: $110,578Net Assets 2022: $2,465,9082022Assets 2023: $1,608,113Liabilities 2023: $260,880Net Assets 2023: $1,347,2332023Assets 2024: $2,758,664Liabilities 2024: $578,367Net Assets 2024: $2,180,2972024

Highlighted filing

2013

Assets$1,545,438
Liabilities$5,750
Net Assets$1,539,688

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,037,040Expenses 2011: $1,555,526Net Income 2011: $481,5142011Revenue 2012: $1,801,812Expenses 2012: $1,744,596Net Income 2012: $57,2162012Expenses 2013: $2,040,9612013Revenue 2014: $1,891,102Expenses 2014: $1,855,765Net Income 2014: $35,3372014Revenue 2015: $1,804,512Expenses 2015: $1,690,157Net Income 2015: $114,3552015Revenue 2016: $2,513,425Expenses 2016: $1,699,425Net Income 2016: $814,0002016Revenue 2017: $2,276,306Expenses 2017: $1,760,822Net Income 2017: $515,4842017Revenue 2018: $1,989,213Expenses 2018: $2,080,018Net Income 2018: -$90,8052018Revenue 2019: $2,435,867Expenses 2019: $2,619,726Net Income 2019: -$183,8592019Revenue 2020: $1,600,197Expenses 2020: $2,742,114Net Income 2020: -$1,141,9172020Revenue 2021: $2,872,226Expenses 2021: $1,318,649Net Income 2021: $1,553,5772021Revenue 2022: $1,384,348Expenses 2022: $2,068,450Net Income 2022: -$684,1022022Revenue 2023: $2,000,211Expenses 2023: $3,118,172Net Income 2023: -$1,117,9612023Revenue 2024: $3,547,888Expenses 2024: $2,714,824Net Income 2024: $833,0642024

Highlighted filing

2013

Revenue-
Expenses$2,040,961
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 12, 2014
Return Version
2012v2.1
Gross Receipts
$1,733,920
Mission and Program Overview

Mission

The mission of the phd project association is to increase the diversity of business school faculty by attracting black/african-americans, latinx/hispanic-americans, and native americans to business doctoral programs and providing support during their studies. The five objectives of the phd project association are as follows:1. To increase the number of minority business school professors who will function as mentors and role models;2. To influence more minorities to pursue business degrees/careers;3. To increase the number of qualified minority applicants to fill critical positions in the business disciplines;4. To improve the preparation of all students by allowing them to experience the richness of learning from a faculty with diverse backgrounds, and;5. To reach the goal of a better prepared and more diversified workforce to service a diversified customer base.

Filing and Contact Details

Filer

EIN
20-2610773
Raw XML AppendixShowing 400 of 428 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Description0THE PHD PROJECT IS A SYSTEMIC DIVERSITY INITIATIVE THAT ENCOURAGES AFRICAN-AMERICANS, HISPANIC-AMERICANS AND NATIVE AMERICANS TO PURSUE PH.D.'S IN BUSINESS, CREATING ROLE MODELS AND MENTORS THAT ATTRACT AND ENCOURAGE MINORITY BUSINESS STUDENTS RESULTING IN A MORE DIVERSE TALENT POOL. WE HOST AN ANNUAL SEMINAR THAT IS INVITATION-ONLY FOR THOSE CONSIDERING BUSINESS DOCTORAL STUDIES, AND THEN FIVE DISCIPLINE-SPECIFIC SEMINARS FOR CURRENT MINORITY BUSINESS DOCTORAL STUDENTS TO ENSURE THEIR SUCCESS. DURING 2012, WE PROVIDED INFORMATION AND RESOURCES TO A TOTAL OF 1,527 MINORITY FACULTY AND DOCTORAL STUDENTS. ALSO, DURING THIS YEAR, WE ANNOUNCED 53 NEW STUDENTS AND 25 NEW PROFESSORS AND RECEIVED 780 APPLICATIONS TO OUR ANNUAL CONFERENCE FOR POTENTIAL DOCTORAL STUDENTS, AND INVITED 398 POTENTIAL DOCTORAL STUDENTS.
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IRS990/MissionDescription0THE MISSION OF THE PHD PROJECT IS TO INCREASE THE DIVERSITY OF BUSINESS SCHOOL FACULTY BY ATTRACTING AFRICAN-AMERICANS, HISPANIC-AMERICANS, AND NATIVE AMERICANS TO BUSINESS DOCTORAL PROGRAMS AND PROVIDING SUPPORT DURING THEIR STUDIES. THE FIVE OBJECTIVES OF THE PHD PROJECT ASSOCIATION ARE AS FOLLOWS:1. TO INCREASE THE NUMBER OF MINORITY BUSINESS SCHOOL PROFESSORS WHO WILL FUNCTION AS MENTORS AND ROLE MODELS;2. TO INFLUENCE MORE MINORITIES TO PURSUE BUSINESS DEGREES/CAREERS;3. TO INCREASE THE NUMBER OF QUALIFIED MINORITY APPLICANTS TO FILL CRITICAL POSITIONS IN THE BUSINESS DISCIPLINES;4. TO IMPROVE THE PREPARATION OF ALL STUDENTS BY ALLOWING THEM TO EXPERIENCE THE RICHNESS OF LEARNING FROM A FACULTY WITH DIVERSE BACKGROUNDS, AND;5. TO REACH THE GOAL OF A BETTER PREPARED AND MORE DIVERSIFIED WORKFORCE TO SERVICE A DIVERSIFIED CUSTOMER BASE.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ASSOCIATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ASSOCIATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2010.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2SCHOLARSHIPS NETTED AGAINST REVENUE 55,455.
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0FOR NORTH CAROLINA A&T UNIVERSITY FOUNDATION, THE PHD PROJECT WILL RECEIVE AN ANNUAL REPORT FROM THE ENDOWMENT ACTIVITY. THE PHD PROJECT HAS NO SAY IN WHO RECEIVES FUNDING. FOR THE CIARA CHARMAYN MALLOY ENDOWED SCHOLARSHIP FUND, THE SCHOOL WILL PROVIDE A REPORT OF HOW THE FUNDS ARE DISTRIBUTED. THE PHD PROJECT HAS NO SAY IN WHO RECEIVES FUNDING. FOR THE CALLAHAN SCHOLARSHIP FUND, THE APPLICANT ELIGIBILITY REQUIREMENTS ARE AFRICAN-AMERICAN, HISPANIC-AMERICAN, OR NATIVE AMERICAN; U.S. CITIZEN OR A PERMANENT RESIDENT OF THE UNITED STATES (POSSESS A GREEN CARD); MUST BE A NEW STUDENT ADMITTED TO A FULL-TIME AACSB ACCREDITED ACCOUNTING PROGRAM. THE PHD PROJECT HAS NO SAY IN WHO RECEIVES FUNDING. FOR THE STITH FELLOWSHIP FUND, THE APPLICANT ELIGIBILITY REQUIREMENTS ARE AFRICAN-AMERICAN, HISPANIC-AMERICAN, OR NATIVE AMERICAN; U.S. CITIZEN OR A PERMANENT RESIDENT OF THE UNITED STATES (POSSESS A GREEN CARD); MUST HAVE COMPLETED ALL COURSE WORK, PASSED ALL REQUIRED PRELIMINARY EXAMINATIONS, AND RECEIVED APPROVAL FOR THEIR DISSERTATION PROPOSAL. THE PHD PROJECT HAS NO SAY IN WHO RECEIVES FUNDING.
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IRS990ScheduleI/RecipientTable/IRCSection1N/A
IRS990ScheduleI/RecipientTable/IRCSection2N/A
IRS990ScheduleI/RecipientTable/IRCSection3N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrant0FUND TO BE USED TO PAY FEES FOR BGS AND BAP STUDENTS
IRS990ScheduleI/RecipientTable/PurposeOfGrant1TO PROVIDE FUNDS FOR GENERAL OPERATING PURPOSES
IRS990ScheduleI/RecipientTable/PurposeOfGrant2TO AWARD A SCHOLARSHIP/FELLOWSHIP TO A PHD PROJECT DOCTORAL STUDENT
IRS990ScheduleI/RecipientTable/PurposeOfGrant3TO AWARD A SCHOLARSHIP/FELLOWSHIP TO A PHD PROJECT DOCTORAL STUDENT
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10NORTH CAROLINA A&T UNIVERSITY FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine11CIARA CHARMAYN MALLOY ENDOWED SCHOLARSHIP FUND
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine12CALLAHAN SCHOLARHSIP FUND
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine13STITH FELLOWSHIP FUND
IRS990ScheduleI/RecordsMaintained01
IRS990ScheduleI/TotalNbrOf501C3AndGovtGrants01
IRS990ScheduleI/TotalNbrOfOtherOrganizations03
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. TEN DAYS PRIOR TO FILING A FINAL DRAFT COPY IS PROVIDED ELECTRONICALLY TO THE BOARD MEMBERS FOR THEIR REVIEW.
IRS990ScheduleO/GeneralExplanation/Explanation1THE CONFLICT OF INTEREST POLICY WAS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS, COMMITTEE MEMBERS AND KEY STAFF MEMBERS IN APRIL 2011 FOR THEIR REVIEW AND SIGNATURE. ALL MEMBERS RETURNED A SIGNED COPY TO THE PRESIDENT OF THE ASSOCIATION. BELOW IS A DESCRIPTION OF HOW DISCLOSURES ARE TO BE PRESENTED TO THE BOARD, WHAT ACTION THE INTERESTED PARTY IS THEN REQUIRED TO TAKE, THE ANNUAL DISTRIBUTION OF THE POLICY AND ACTIONS TAKEN IF A REQUIRED MEMBER FAILS TO DISCLOSE A POTENTIAL CONFLICT. DISCLOSURES: WHENEVER ANY DIRECTOR, OFFICER, COMMITTEE MEMBER OR KEY STAFF MEMBER OF THE ASSOCIATION BECOMES AWARE THAT THE ASSOCIATION IS CONSIDERING (OR HAS CONSIDERED) A TRANSACTION THAT POTENTIALLY CREATES A CONFLICT OF INTEREST, HE OR SHE IS OBLIGATED TO NOTIFY THE BOARD OF DIRECTORS AND TO DISCLOSE ALL MATERIAL FACTS RELATING TO HIS OR HER INTEREST IN THE TRANSACTION. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND TAKE ACTION THAT THE BOARD DEEMS APPROPRIATE. THE INTERESTED PERSON MAY NOT BE PRESENT WHEN THE BOARD MAKES IT DETERMINATION OTHER THAN TO ANSWER QUESTIONS. WITHDRAWAL AND ABSTENTION: IF THE BOARD OF DIRECTORS DETERMINES THAT A TRANSACTION WOULD CREATE A CONFLICT OF INTEREST, THE TRANSACTION MUST BE APPROVED IN ADVANCE BY ONLY THOSE BOARD MEMBERS WHO DO NOT HAVE A CONFLICT WITH RESPECT TO THE TRANSACTION. ANY INTERESTED PERSON THEREFORE MUST RECUSE HIM - OR HERSELF FROM CONSIDERATION OF THE TRANSACTION. HE OR SHE MAY NOT VOTE ON THE TRANSACTION OR B E PRESENT WHEN THE COTE IS TAKEN. DOCUMENTATION: THE MINUTES OF ANY MEETING AT WHICH A CONFLICT OF INTEREST TRANSACTION IS CONSIDERED MUST REFLECT THAT THE INTERESTED PERSON MADE ADEQUATE DISCLOSURES, WITHDREW FROM CONSIDERATION OF THE TRANSACTION AND ABSTAINED FROM VOTING. ACKNOWLEDGEMENT AND DISCLOSURE: EACH DIRECTOR, OFFICER, COMMITTEE MEMBER AND KEY STAFF MEMBER MUST ANNUALLY SIGN AN ACKNOWLEDGMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, AND (C) HAS AGREED TO COMPLY WITH THE POLICY. ADDITIONALLY, EACH OFFICER, COMMITTEE MEMBER AND KEY STAFF MEMBER MUST ANNUALLY SIGN A DISCLOSURE STATEMENT LISTING VARIOUS RELATIONSHIPS AND FINANCIAL INTERESTS THAT HE OR SHE HAS. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY: IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEFED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS WELL AS RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO THE ASSOCIATION AT THE TIME IT WAS UNDERTAKEN.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ORGANIZATION MAKES ITS 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.
IRS990ScheduleO/GeneralExplanation/Explanation3BERNARD J. MILANO ACTS AS PRESIDENT OF EACH OF THE FOLLOWING ENTITIES: KPMG FOUNDATION, THE PHD PROJECT, AND THE KPMG DISASTER RELIEF FUND. HE SPENDS APPROXIMATELY 75%, 20%, AND 5% OF HIS TIME ON THE RESPECTIVE ORGANIZATIONS. AS PRESIDENT OF THESE ENTITIES HE RECEIVES NO COMPENSATION. HIS COMPENSATION IS PAID BY KPMG, LLP WHICH IS A RELATED ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VII, SECTION A:
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XII, LINE 2C:
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.76$0.58$2.18$3.55$2.71$0.83
2023Detailed filing. Detailed filing data is available for this year.$1.61$0.26$1.35$2.00$3.12$1.12
2022Detailed filing. Detailed filing data is available for this year.$2.58$0.11$2.47$1.38$2.07$0.68
2021Detailed filing. Detailed filing data is available for this year.$3.17$0.02$3.15$2.87$1.32$1.55
2020Detailed filing. Detailed filing data is available for this year.$1.67$0.08$1.60$1.60$2.74$1.14
2019Detailed filing. Detailed filing data is available for this year.$2.78$0.05$2.74$2.44$2.62$0.18
2018Detailed filing. Detailed filing data is available for this year.$2.94$0.02$2.92$1.99$2.08$0.09
2017Detailed filing. Detailed filing data is available for this year.$3.02$0.01$3.01$2.28$1.76$0.52
2016Detailed filing. Detailed filing data is available for this year.$2.52$0.02$2.50$2.51$1.70$0.81
2015Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.68$1.80$1.69$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.60$0.03$1.57$1.89$1.86$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.01$1.54$2.04
2012Summary only. Only limited summary data is available for this year.$1.85$0.01$1.85$1.80$1.74$0.06
2011Summary only. Only limited summary data is available for this year.$1.89$0.10$1.79$2.04$1.56$0.48