Civic Intelligence

Project 440 Inc.

990 • Fiscal year 2024 • EIN 20-5455597

Sep 01, 2023 to Aug 31, 2024 • Filed on Jan 27, 2025

1315 Walnut Street Suite 300Philadelphia, PA 19107

(844) 776-5440

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

87th percentile

$25,000

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

90th percentile

87%

Faster asset growth than 90% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

46%

Faster revenue growth than 82% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$400,346

Up $186,250 (+87%) from 2023

Net Assets

Up

$400,346

Up $186,778 (+87%) from 2023

Liabilities

Down

$0

Down $528 (-100%) from 2023

Revenue

Up

$497,692

Up $157,405 (+46%) from 2023

Expenses

Down

$310,914

Down $26,515 (-7.9%) from 2023

Net Income

Up

$186,778

Up $183,920 (+6435%) from 2023

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $43,851Liabilities 2014: $0Net Assets 2014: $43,8512014Assets 2015: $52,861Liabilities 2015: $02015Assets 2016: $50,370Liabilities 2016: $02016Assets 2017: $101,225Liabilities 2017: $0Net Assets 2017: $101,2252017Assets 2018: $73,126Liabilities 2018: $0Net Assets 2018: $73,1262018Assets 2019: $87,825Liabilities 2019: $0Net Assets 2019: $87,8252019Assets 2020: $136,992Liabilities 2020: $22,335Net Assets 2020: $114,6572020Assets 2021: $227,674Liabilities 2021: $17,030Net Assets 2021: $210,6442021Assets 2022: $210,710Liabilities 2022: $0Net Assets 2022: $210,7102022Assets 2023: $214,096Liabilities 2023: $528Net Assets 2023: $213,5682023Assets 2024: $400,346Liabilities 2024: $0Net Assets 2024: $400,3462024Assets 2025: $416,811Liabilities 2025: $365Net Assets 2025: $416,4462025

Highlighted filing

2024

Assets$400,346
Liabilities$0
Net Assets$400,346

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $84,870Expenses 2014: $41,019Net Income 2014: $43,8512014Revenue 2015: $109,310Expenses 2015: $100,251Net Income 2015: $9,0592015Revenue 2016: $110,845Expenses 2016: $113,385Net Income 2016: -$2,5402016Revenue 2017: $205,596Expenses 2017: $154,517Net Income 2017: $51,0792017Revenue 2018: $179,908Expenses 2018: $208,007Net Income 2018: -$28,0992018Revenue 2019: $229,054Expenses 2019: $214,355Net Income 2019: $14,6992019Revenue 2020: $275,620Expenses 2020: $248,789Net Income 2020: $26,8312020Revenue 2021: $390,411Expenses 2021: $294,424Net Income 2021: $95,9872021Revenue 2022: $350,139Expenses 2022: $350,073Net Income 2022: $662022Revenue 2023: $340,287Expenses 2023: $337,429Net Income 2023: $2,8582023Revenue 2024: $497,692Expenses 2024: $310,914Net Income 2024: $186,7782024Revenue 2025: $322,315Expenses 2025: $306,215Net Income 2025: $16,1002025

Highlighted filing

2024

Revenue$497,692
Expenses$310,914
Net Income$186,778
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jan 27, 2025
Return Version
2023v6.0
Gross Receipts
$497,692
Mission and Program Overview

Mission

Project 440 teaches young people how to use music as a pathway to forge opportunities for themselves and ignite change in their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$91,937$158,487▲ $66,550
Savings and Temporary Cash Investments$104,417$108,605▲ $4,188
Accounts Receivable$17,742$72,350▲ $54,608
Prepaid Expenses and Deferred Charges-$1,424-
Total Assets$214,096$400,346▲ $186,250
Other Assets Total-$59,480-
Liabilities
Accounts Payable and Accrued Expenses$528--
Total Liabilities$528$0▼ $528
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$183,042$245,866▲ $62,824
Net Assets With Donor Restrictions$30,526$154,480▲ $123,954
Total Net Assets Fund Balance$213,568$400,346▲ $186,778
Total Liabilities and Net Assets / Fund Balance$214,096$400,346▲ $186,250

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$59,480--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph ConyersEx-officioPT$25,000$25,000

Board Members and Trustees

NameTitle
Mary JavianCo-chair
Megan SpeightCo-chair
Danielle N AllenBoard Member
Frank MachosBoard Member
MICHAEL O'BRYANBoard Member
Megan BecwarBoard Member
Peter Tad Levan Jr EsqBoard Member
Yumi KendallBoard Member
Meryl KriegerSecretary
Christopher Bryan CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$480,672
Program Service Revenue
$12,837
Investment Income
$4,183
Other Revenue
$0
All Other Contributions
$460,413
Change in Net Assets
$186,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$179,068
Other Expenses$131,846
Total Fundraising Expense$41,573
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$79,124$16,564$24,312$120,000
Other Salaries and Wages$22,986$4,811$7,063$34,860
Fees for Services Other$15,452$14,650$494$30,596
Office Expenses$9,733$8,268$1,724$19,725
Payroll Taxes$8,422$1,763$2,588$12,773
Other Employee Benefits$6,289$2,573$2,573$11,435
Other Expenses$5,560$14,229$1,691$5,560
Occupancy$1,854$1,854$927$4,635
Insurance$2,205$1,603$201$4,009
Travel$3,490$265-$3,755
All Other Expenses$800--$800
Total Functional Expenses$202,761$66,580$41,573$310,914
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 was circulated to the entire board and each member had at least one week to review, question, or comment on the document in advance of the filing.

Form 990, Page 6, Part VI, Line 12C

Each year the board reviews the organization's conflict of interest policy and asks each board member to identify any actual or potential conflicts in writing. The board also promptly addresses any conflict of interest situations that may arise throughout the year on an as-needed basis.

Form 990, Page 6, Part VI, Line 15A

A committee of the board of directors of project 440 reviews the compensation of the executive director and all high-level personnel annually in accordance with internal revenue service rules and regulations. Efforts are made to secure compensation data, from industry sources such as guidestar, to conduct a review of the executive's compensation that includes a comparison of compensation paid by similarly sized peer organizations in the region in order to determine competitiveness and appropriateness of salaries.

Form 990, Page 6, Part VI, Line 19

The organization makes their governing documents available to the public upon request via email or phone call.

Filing and Contact Details

Filer

Filer Name
Project 440 Inc
EIN
20-5455597
Phone
8447765440
Address
1315 WALNUT STREET SUITE 300, PHILADELPHIA, PA 19107

Signing Officer

Name
Christopher Bryan CPA
Title
Treasurer
Phone
8447765440
Signed
2025-01-27

Organization Details

Principal Officer
Christopher Bryan CPA
Formed
2007
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
10

Preparer

Firm
Brinker Simpson & Company LLC
Address
1400 N PROVIDENCE RD BLDG 2 STE 20, MEDIA, PA 19063
Preparer
Cathy Seiler CPA
Phone
6105445900
Supplemental Narrative

Additional Explanations

Form 990, Part III

Doing good is an intensive afterschool program that teaches leadership and service skills and fosters an entrepreneurial mindset. Students demonstrate these new skills by implementing a music-focused service-learning project in their communities. A recent participant said of their experience in doing good: "i learned how to put ideas into action to serve the community." instruments for success is an afterschool program that covers every aspect of the college search and admissions process, including how to find the right school, financial aid, audition and interview preparation, and financial literacy. Students develop skills that are transferable to the application process, create a resume, and write an essay and personal statement. Instruments for success also welcomes guest speakers who share their education and career paths with the students. A recent participant said of their participation in instruments for success: "i learned different ways to incorporate music into my life." the youth advocacy council is a student-driven program for students who have completed doing good or instruments for success. Participants receive leadership, project management, governance, and advocacy training. The youth advocacy council also presents "music in color," featuring diverse voices of emerging and established professional musicians. Project 440 received the inaugural next award from the greater philadelphia cultural alliance in 2023 and was named a wawa hero award finalist in july 2024 in recognition of the impact of its youth programs.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income taxes under internal revenue code section 501(c)(3) and applicable state law. Management evaluates the organization's tax positions to determine if they meet the minimum thresholds for financial statement recognition of the benefits of uncertain tax positions taken or expected to be taken in filing tax returns. Recognition of tax benefits of an uncertain tax position is required only when the position is "more likely than not" to be sustained assuming examination by taxing authorities. Management has evaluated the organization's tax positions taken or expected to be taken for all open periods and has concluded that it has no uncertain tax position as of august 31, 2024. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for tax periods in progress. At august 31, 2024, the organization's tax returns remain subject to examination for the last three years.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE COLLEGE FAIR FOR MUSICIANS IS A FREE DAYLONG EVENT THAT WELCOMES HUNDREDS OF HIGH SCHOOL STUDENTS AND FAMILIES FROM THROUGHOUT THE DELAWARE VALLEY AND THE NEW YORK AND WASHINGTON D.C. METRO AREAS. ATTENDEES HAVE ACCESS TO PROJECT 440'S COLLEGE AND CAREER PROGRAMING ON TOPICS INCLUDING FINANCIAL LITERACY, FINANCIAL AID, CAREERS IN MUSIC AND MORE. ATTENDEES ALSO CONNECT ONE-ON-ONE WITH ADMISSIONS OFFICERS, FACULTY, AND ALUMNI FROM UP TO 50 LEARNING INSTITUTIONS INCLUDING SMALL LIBERAL ARTS COLLEGES LARGE UNIVERSITIES, CONSERVATORIES, HBCUS, AND MUSIC EDUCATION ORGANIZATIONS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND APPLICABLE STATE LAW. MANAGEMENT EVALUATES THE ORGANIZATION'S TAX POSITIONS TO DETERMINE IF THEY MEET THE MINIMUM THRESHOLDS FOR FINANCIAL STATEMENT RECOGNITION OF THE BENEFITS OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN FILING TAX RETURNS. RECOGNITION OF TAX BENEFITS OF AN UNCERTAIN TAX POSITION IS REQUIRED ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED ASSUMING EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN FOR ALL OPEN PERIODS AND HAS CONCLUDED THAT IT HAS NO UNCERTAIN TAX POSITION AS OF AUGUST 31, 2024. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR TAX PERIODS IN PROGRESS. AT AUGUST 31, 2024, THE ORGANIZATION'S TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR THE LAST THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DOING GOOD IS AN INTENSIVE AFTERSCHOOL PROGRAM THAT TEACHES LEADERSHIP AND SERVICE SKILLS AND FOSTERS AN ENTREPRENEURIAL MINDSET. STUDENTS DEMONSTRATE THESE NEW SKILLS BY IMPLEMENTING A MUSIC-FOCUSED SERVICE-LEARNING PROJECT IN THEIR COMMUNITIES. A RECENT PARTICIPANT SAID OF THEIR EXPERIENCE IN DOING GOOD: "I LEARNED HOW TO PUT IDEAS INTO ACTION TO SERVE THE COMMUNITY." INSTRUMENTS FOR SUCCESS IS AN AFTERSCHOOL PROGRAM THAT COVERS EVERY ASPECT OF THE COLLEGE SEARCH AND ADMISSIONS PROCESS, INCLUDING HOW TO FIND THE RIGHT SCHOOL, FINANCIAL AID, AUDITION AND INTERVIEW PREPARATION, AND FINANCIAL LITERACY. STUDENTS DEVELOP SKILLS THAT ARE TRANSFERABLE TO THE APPLICATION PROCESS, CREATE A RESUME, AND WRITE AN ESSAY AND PERSONAL STATEMENT. INSTRUMENTS FOR SUCCESS ALSO WELCOMES GUEST SPEAKERS WHO SHARE THEIR EDUCATION AND CAREER PATHS WITH THE STUDENTS. A RECENT PARTICIPANT SAID OF THEIR PARTICIPATION IN INSTRUMENTS FOR SUCCESS: "I LEARNED DIFFERENT WAYS TO INCORPORATE MUSIC INTO MY LIFE." THE YOUTH ADVOCACY COUNCIL IS A STUDENT-DRIVEN PROGRAM FOR STUDENTS WHO HAVE COMPLETED DOING GOOD OR INSTRUMENTS FOR SUCCESS. PARTICIPANTS RECEIVE LEADERSHIP, PROJECT MANAGEMENT, GOVERNANCE, AND ADVOCACY TRAINING. THE YOUTH ADVOCACY COUNCIL ALSO PRESENTS "MUSIC IN COLOR," FEATURING DIVERSE VOICES OF EMERGING AND ESTABLISHED PROFESSIONAL MUSICIANS. PROJECT 440 RECEIVED THE INAUGURAL NEXT AWARD FROM THE GREATER PHILADELPHIA CULTURAL ALLIANCE IN 2023 AND WAS NAMED A WAWA HERO AWARD FINALIST IN JULY 2024 IN RECOGNITION OF THE IMPACT OF ITS YOUTH PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS CIRCULATED TO THE ENTIRE BOARD AND EACH MEMBER HAD AT LEAST ONE WEEK TO REVIEW, QUESTION, OR COMMENT ON THE DOCUMENT IN ADVANCE OF THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR THE BOARD REVIEWS THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND ASKS EACH BOARD MEMBER TO IDENTIFY ANY ACTUAL OR POTENTIAL CONFLICTS IN WRITING. THE BOARD ALSO PROMPTLY ADDRESSES ANY CONFLICT OF INTEREST SITUATIONS THAT MAY ARISE THROUGHOUT THE YEAR ON AN AS-NEEDED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COMMITTEE OF THE BOARD OF DIRECTORS OF PROJECT 440 REVIEWS THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND ALL HIGH-LEVEL PERSONNEL ANNUALLY IN ACCORDANCE WITH INTERNAL REVENUE SERVICE RULES AND REGULATIONS. EFFORTS ARE MADE TO SECURE COMPENSATION DATA, FROM INDUSTRY SOURCES SUCH AS GUIDESTAR, TO CONDUCT A REVIEW OF THE EXECUTIVE'S COMPENSATION THAT INCLUDES A COMPARISON OF COMPENSATION PAID BY SIMILARLY SIZED PEER ORGANIZATIONS IN THE REGION IN ORDER TO DETERMINE COMPETITIVENESS AND APPROPRIATENESS OF SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST VIA EMAIL OR PHONE CALL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.16$3.22$3.06$0.16
2024Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$4.98$3.11$1.87
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.01$2.14$3.40$3.37$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.11$0.00$2.11$3.50$3.50$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.17$2.11$3.90$2.94$0.96
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.22$1.15$2.76$2.49$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.00$0.88$2.29$2.14$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$1.80$2.08$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.00$1.01$2.06$1.55$0.51
2016Summary only. Only limited summary data is available for this year.$0.50$0.00$1.11$1.13$0.03
2015Summary only. Only limited summary data is available for this year.$0.53$0.00$1.09$1.00$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.85$0.41$0.44