Civic Intelligence

Project Purple Inc.

990 • Fiscal year 2016 • EIN 27-3492063

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 25, 2017

94A North Main StreetBeacon Falls, CT 06403

(203) 714-6052

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.57x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

64th percentile

0.23x

Higher debt load relative to revenue than 64% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

63rd percentile

6.9%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

63rd percentile

$88,481

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

94th percentile

76%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

45%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$477,213

Up $205,717 (+76%) from 2015

Net Assets

Down

$205,786

Down $65,710 (-24%) from 2015

Liabilities

Up

$271,427

Up $271,427 from 2015

Revenue

Up

$1,197,081

Up $372,011 (+45%) from 2015

Expenses

Up

$1,114,708

Up $385,478 (+53%) from 2015

Net Income

Down

$82,373

Down $13,467 (-14%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $137,626Liabilities 2013: $0Net Assets 2013: $137,6262013Assets 2014: $175,656Liabilities 2014: $0Net Assets 2014: $175,6562014Assets 2015: $271,496Liabilities 2015: $0Net Assets 2015: $271,4962015Assets 2016: $477,213Liabilities 2016: $271,427Net Assets 2016: $205,7862016Assets 2017: $397,580Liabilities 2017: $156,687Net Assets 2017: $240,8932017Assets 2018: $667,732Liabilities 2018: $41,934Net Assets 2018: $625,7982018Assets 2019: $652,076Liabilities 2019: $66,535Net Assets 2019: $585,5412019Assets 2020: $739,904Liabilities 2020: $8,826Net Assets 2020: $731,0782020Assets 2021: $1,123,712Liabilities 2021: $60,132Net Assets 2021: $1,063,5802021Assets 2022: $1,495,812Liabilities 2022: $87,657Net Assets 2022: $1,408,1552022Assets 2023: $1,944,886Liabilities 2023: $88,641Net Assets 2023: $1,856,2452023Assets 2024: $2,234,680Liabilities 2024: $531,026Net Assets 2024: $1,703,6542024

Highlighted filing

2016

Assets$477,213
Liabilities$271,427
Net Assets$205,786

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $236,443Expenses 2013: $143,434Net Income 2013: $93,0092013Revenue 2014: $492,687Expenses 2014: $454,657Net Income 2014: $38,0302014Revenue 2015: $825,070Expenses 2015: $729,230Net Income 2015: $95,8402015Revenue 2016: $1,197,081Expenses 2016: $1,114,708Net Income 2016: $82,3732016Revenue 2017: $1,053,205Expenses 2017: $1,018,098Net Income 2017: $35,1072017Revenue 2018: $1,437,970Expenses 2018: $1,053,065Net Income 2018: $384,9052018Revenue 2019: $1,482,219Expenses 2019: $1,522,476Net Income 2019: -$40,2572019Revenue 2020: $933,835Expenses 2020: $788,298Net Income 2020: $145,5372020Revenue 2021: $1,393,702Expenses 2021: $1,061,200Net Income 2021: $332,5022021Revenue 2022: $1,765,053Expenses 2022: $1,420,478Net Income 2022: $344,5752022Revenue 2023: $2,556,444Expenses 2023: $2,108,354Net Income 2023: $448,0902023Revenue 2024: $2,996,848Expenses 2024: $3,149,439Net Income 2024: -$152,5912024

Highlighted filing

2016

Revenue$1,197,081
Expenses$1,114,708
Net Income$82,373
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 25, 2017
Return Version
2016v3.0
Gross Receipts
$1,201,196
Mission and Program Overview

Mission

The mission of project purple is to raise awareness and funds toward a cure of pancreatic cancer. In addition, project purple motivates people to run in world renowned marathons and half marathons to raise mission critical funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$271,496$397,438▲ $125,942
Prepaid Expenses and Deferred Charges-$32,618-
Land, Buildings, and Equipment, Net-$17,859-
Inventories for Sale or Use-$16,663-
Pledges and Grants Receivable-$5,368-
Intangible Assets-$5,067-
Total Assets$271,496$477,213▲ $205,717
Other Assets Total-$2,200-
Liabilities
Grants Payable-$249,863-
Accounts Payable and Accrued Expenses-$20,814-
Deferred Revenue-$750-
Total Liabilities$0$271,427▲ $271,427
Net Assets / Fund Balance
Unrestricted Net Assets$271,496$180,410▼ $91,086
Temporarily Rstr Net Assets-$25,376-
Total Net Assets Fund Balance$271,496$205,786▼ $65,710
Total Liabilities and Net Assets / Fund Balance$271,496$477,213▲ $205,717

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,133$4,285$19,418
Leasehold Improvements$2,726$414$3,140
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sandino VerrelliFounder andFT$88,269$212$88,481

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,192,962
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,119
All Other Contributions
$1,192,962
Change in Net Assets
$82,373

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,197,081
Revenue Not Reported on Form 990
$7,250
Total Revenue per Audited Statements
$1,204,331
Total Revenue per Form 990
$1,197,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$458,048
Grants and Similar Amounts Paid$425,109
Salaries, Compensation, and Employee Benefits$231,551
Total Fundraising Expense$111,946
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$361,863--$361,863
Current Officers, Directors, Trustees, and Key Employees$67,614$20,804$15,603$104,021
Other Salaries and Wages$59,839$33,652$9,641$103,132
Fees for Services Other$41,895-$40,128$82,023
Travel$53,911$2,300$9,199$65,410
Grants to Domestic Individuals$63,246--$63,246
Office Expenses$22,877$4,980$15,697$43,554
Advertising$21,707--$21,707
Payroll Taxes$10,763$4,848$2,008$17,619
Occupancy$9,807$5,440$1,678$16,925
Other Expenses$32,794-$15,782$15,782
All Other Expenses$10,061$405$150$10,616
Information Technology$5,747$3,188$984$9,919
Conferences and Meetings$7,052$852-$7,904
Other Employee Benefits$4,043$1,886$850$6,779
Depreciation Depletion-$4,406-$4,406
Fees for Services Accounting$1,322$1,943$226$3,491
Insurance$331$804-$1,135
Fees for Services Legal-$975-$975
Total Functional Expenses$916,279$86,483$111,946$1,114,708

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,121,958
Expenses per Audited Statements$1,114,708
Total Expenses per Form 990$1,114,708
Expenses Not Reported on Form 990$7,250
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Nebraska FoundationLincoln, NE501c3Research Grants$202,000
University of Texas Md AndersonHouston, TX501c3Research Grants$149,863
Regents of the Univerisity of CALos Angeles, CA501c3Research Grants$10,000
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 2

Project purple, inc project purple, inc director director family relationship

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

The founder and ceo reviews the 990 tax return upon receipt from the preparer. Once the 990 is approved internally, the 990 is forwarded to the chair of the audit committee for review. Once approved by the committee chair, the founder and ceo then signs the return.

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

Each director, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms each person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Determining whether a conflict of interest exists after disclosure of the possible conflict of interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest a. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the governing board of committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.

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

The process for determining employee compensation applies to the compensation determination of the founder and ceo of the organization. The process includes all of these elements: 1) review and approval by the board of directors of the organization; 2) use of data as to comparable compensation; and 3) contemporaneous documentation and recordkeeping. 1) review and approval - the compensation of the founder and ceo is reviewed and approved by an appointed subcommittee of the board of directors of the organization. The compensation is then approved by the entire board of directors. Any persons with conflict of interests with respect to the compensation arrangement at issue are not involved in this review and approval. 2) use of data as to comparable compensation - the compensation of the founder and ceo is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. 3) contemporaneous documentation and recordkeeping - there is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.

Form 990, Page 6, Part VI, Line 19

These documents and policies are provided upon request.

Filing and Contact Details

Filer

Filer Name
Project Purple Inc
EIN
27-3492063
Phone
2037146052
Address
94A NORTH MAIN STREET, BEACON FALLS, CT 06403

Signing Officer

Name
Sandino Verrelli
Title
Founder and CEO
Phone
2037146052
Signed
2017-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandino Verrelli
Formed
2010
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
7
Employees
7
Volunteers
125

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Richard M Jones CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of project purple is to raise awareness and funds toward a cure of pancreatic cancer. In addition, project purple motivates people to run in world renowned marathons and half marathons to raise mission critical funds.

Form 990, Page 2, Part III, Line 4A

The requirements are in good order. We require patients to submit proof of diagnosis and current protocol, health insurance card, previous year's tax filing, as well as any bills that they are looking for assistance with. Research for pancreatic cancer - project purple is committed to funding critical research towards a cure and early detection of pancreatic cancer. Project purple has funded over 1,000,000 since inception for clinical and scientific research towards its mission with some of the top scientists and doctors in the united states working towards that goal. Our research approach is to assist in funding of this critical research with some of the top scientists and doctors in the united states. The scope of the many projects has ranged from immunology, early detection, basic science, clinical trials and much more.

Financial Statement Notes

Schedule D, Page 3, Part X

Accounting principles generally accepted in the united states of america provide consistent guidance for the accounting for uncertainty in income taxes recognized in the organization's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The organization performed an evaluation of uncertain tax positions for the year ended december 31, 2016, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of december 31, 2016, the statute of limitations for tax years 2013 through 2015 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the organization files tax returns. It is the organization's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of december 31, 2016, the organization had no accruals for interest and/or penalties.

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IRS990/Desc0RESEARCH, SCHOLARSHIPS AND PATIENT AID PATIENT FINANCIAL AID - PROJECT PURPLE HAS BECOME A LEADING PROVIDER OF FINANCIAL AID TO FAMILIES BATTLING PANCREATIC CANCER. WE OFFER GRANTS TO FAMILIES THAT ARE BATTLING THIS DISEASE FROM ALL OVER THE UNITED STATES. OUR 9-PERSON COMMITTEE LOOKS AT EACH CASE INDIVIDUALLY AND HELPS DETERMINE THE AMOUNT OF AID. WE OFFER ASSISTANCE WITH HOUSING, UTILITIES, MEDICAL, AND WE ALSO HAVE A MISCELLANEOUS CATEGORY THAT HAS BEEN USED TO COVER THINGS LIKE GAS, GROCERIES, AND ANYTHING NOT COVERED IN THE OTHER CATEGORIES. PATIENTS ARE ALLOWED TO APPLY ONCE A YEAR AND OUR TYPICAL CYCLE LASTS ANYWHERE FROM 2-4 WEEKS, DEPENDING ON THE APPLICATION, IF ALL THE REQUIREMENTS ARE IN GOOD ORDER. WE REQUIRE PATIENTS TO SUBMIT PROOF OF DIAGNOSIS AND CURRENT PROTOCOL, HEALTH INSURANCE CARD, PREVIOUS YEAR'S TAX FILING, AS WELL AS ANY BILLS THAT THEY ARE LOOKING FOR ASSISTANCE WITH. RESEARCH FOR PANCREATIC CANCER - PROJECT PURPLE IS COMMITTED TO FUNDING CRITICAL RESEARCH TOWARDS A CURE AND EARLY DETECTION OF PANCREATIC CANCER. PROJECT PURPLE HAS FUNDED OVER 1,000,000 SINCE INCEPTION FOR CLINICAL AND SCIENTIFIC RESEARCH TOWARDS ITS MISSION WITH SOME OF THE TOP SCIENTISTS AND DOCTORS IN THE UNITED STATES WORKING TOWARDS THAT GOAL. OUR RESEARCH APPROACH IS TO ASSIST IN FUNDING OF THIS CRITICAL RESEARCH WITH SOME OF THE TOP SCIENTISTS AND DOCTORS IN THE UNITED STATES. THE SCOPE OF THE MANY PROJECTS HAS RANGED FROM IMMUNOLOGY, EARLY DETECTION, BASIC SCIENCE, CLINICAL TRIALS AND MUCH MORE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7FOUNDER AND
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/MissionDesc0THE MISSION OF PROJECT PURPLE IS TO RAISE AWARENESS AND FUNDS TOWARD A CURE OF PANCREATIC CANCER. IN ADDITION, PROJECT PURPLE MOTIVATES PEOPLE TO RUN IN WORLD RENOWNED MARATHONS AND HALF MARATHONS TO RAISE MISSION CRITICAL FUNDS.
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IRS990/OtherExpensesGrp/Desc0RACE REG. & SUPPLIES
IRS990/OtherExpensesGrp/Desc1APPAREL
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IRS990/OtherExpensesGrp/Desc3CREDIT CARD PROCESSING FE
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IRS990/PriorPeriodAdjustmentsAmt0-148083
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IRS990/ProgSrvcAccomActy2Grp/Desc0MARATHON ACTIVITIES OUR PRIMARY FUNDRAISING COMES FROM PARTICIPATING IN MARATHONS, HALF MARATHONS, AND 5K RACES ACROSS THE COUNTRY; INCLUDING THE TOP FOUR U.S. MARATHONS. OUR TEAM CONSISTS OF RUNNERS FROM ALL OVER THE WORLD, MOST OF THEM HAVE BEEN TOUCHED BY PANCREATIC CANCER.
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0236443
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt076064
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02823226
IRS990ScheduleA/TotalSupportAmt02831460
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt07250
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IRS990ScheduleD/EquipmentGrp/BookValueAmt015133
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04285
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019418
IRS990ScheduleD/ExpensesNotReportedAmt07250
IRS990ScheduleD/ExpensesSubtotalAmt01114708
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02726
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0414
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03140
IRS990ScheduleD/RevenueNotReportedAmt07250
IRS990ScheduleD/RevenueSubtotalAmt01197081
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2016, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2016, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2013 THROUGH 2015 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF DECEMBER 31, 2016, THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017859
IRS990ScheduleD/TotalExpensesPerForm990Amt01114708
IRS990ScheduleD/TotalRevenuePerForm990Amt01197081
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01204331
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01121958
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt010000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt153246
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1PATIENT AID & CARE PACKS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt162
IRS990ScheduleI/RecipientTable/CashGrantAmt0202000
IRS990ScheduleI/RecipientTable/CashGrantAmt1149863
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH GRANTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1RESEARCH GRANTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RESEARCH GRANTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF NEBRASKA FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIVERSITY OF TEXAS MD ANDERSON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2REGENTS OF THE UNIVERISITY OF CA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0CANCER CENTER
IRS990ScheduleI/RecipientTable/RecipientEIN0470379839
IRS990ScheduleI/RecipientTable/RecipientEIN1746001118
IRS990ScheduleI/RecipientTable/RecipientEIN2956006143
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01010 LINCOLN MALL SUITE 300
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11515 HOLCOMBE BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2BOX 957089 1125 MURPHY HALL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0405 HILGARD AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LINCOLN
IRS990ScheduleI/RecipientTable/USAddress/CityNm1HOUSTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LOS ANGELES
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd068508
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd177030
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd2900957089
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MONITORING OF GRANTEES OCCURS DURING AND AFTER THE GRANT. DURING THE GRANT, THE MONITORING PROCESS - IN THE FORM OF BOTH WRITTEN REPORTS AND PHONE CALLS OFFER AN OPPORTUNITY FOR THE GRANTEE TO REFLECT ON CURRENT ACTIVITIES, BEST PRACTICES AND ROOM FOR IMPROVEMENT. FOLLOWING THE GRANT'S COMPLETION, THE GRANTEE SUBMITS A FINAL REPORT THAT IS REVIEWED FOR COMPLETION OF GRANT OBJECTIVES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF PROJECT PURPLE IS TO RAISE AWARENESS AND FUNDS TOWARD A CURE OF PANCREATIC CANCER. IN ADDITION, PROJECT PURPLE MOTIVATES PEOPLE TO RUN IN WORLD RENOWNED MARATHONS AND HALF MARATHONS TO RAISE MISSION CRITICAL FUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE REQUIREMENTS ARE IN GOOD ORDER. WE REQUIRE PATIENTS TO SUBMIT PROOF OF DIAGNOSIS AND CURRENT PROTOCOL, HEALTH INSURANCE CARD, PREVIOUS YEAR'S TAX FILING, AS WELL AS ANY BILLS THAT THEY ARE LOOKING FOR ASSISTANCE WITH. RESEARCH FOR PANCREATIC CANCER - PROJECT PURPLE IS COMMITTED TO FUNDING CRITICAL RESEARCH TOWARDS A CURE AND EARLY DETECTION OF PANCREATIC CANCER. PROJECT PURPLE HAS FUNDED OVER 1,000,000 SINCE INCEPTION FOR CLINICAL AND SCIENTIFIC RESEARCH TOWARDS ITS MISSION WITH SOME OF THE TOP SCIENTISTS AND DOCTORS IN THE UNITED STATES WORKING TOWARDS THAT GOAL. OUR RESEARCH APPROACH IS TO ASSIST IN FUNDING OF THIS CRITICAL RESEARCH WITH SOME OF THE TOP SCIENTISTS AND DOCTORS IN THE UNITED STATES. THE SCOPE OF THE MANY PROJECTS HAS RANGED FROM IMMUNOLOGY, EARLY DETECTION, BASIC SCIENCE, CLINICAL TRIALS AND MUCH MORE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROJECT PURPLE, INC PROJECT PURPLE, INC DIRECTOR DIRECTOR FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDER AND CEO REVIEWS THE 990 TAX RETURN UPON RECEIPT FROM THE PREPARER. ONCE THE 990 IS APPROVED INTERNALLY, THE 990 IS FORWARDED TO THE CHAIR OF THE AUDIT COMMITTEE FOR REVIEW. ONCE APPROVED BY THE COMMITTEE CHAIR, THE FOUNDER AND CEO THEN SIGNS THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS EACH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AFTER DISCLOSURE OF THE POSSIBLE CONFLICT OF INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OF COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS FOR DETERMINING EMPLOYEE COMPENSATION APPLIES TO THE COMPENSATION DETERMINATION OF THE FOUNDER AND CEO OF THE ORGANIZATION. THE PROCESS INCLUDES ALL OF THESE ELEMENTS: 1) REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS OF THE ORGANIZATION; 2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND 3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. 1) REVIEW AND APPROVAL - THE COMPENSATION OF THE FOUNDER AND CEO IS REVIEWED AND APPROVED BY AN APPOINTED SUBCOMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION. THE COMPENSATION IS THEN APPROVED BY THE ENTIRE BOARD OF DIRECTORS. ANY PERSONS WITH CONFLICT OF INTERESTS WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 2) USE OF DATA AS TO COMPARABLE COMPENSATION - THE COMPENSATION OF THE FOUNDER AND CEO IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING - THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE DOCUMENTS AND POLICIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CT
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.53$1.70$3.00$3.15$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.94$0.09$1.86$2.56$2.11$0.45
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.09$1.41$1.77$1.42$0.34
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$0.06$1.06$1.39$1.06$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.01$0.73$0.93$0.79$0.15
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.07$0.59$1.48$1.52$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.67$0.04$0.63$1.44$1.05$0.38
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.16$0.24$1.05$1.02$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.27$0.21$1.20$1.11$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.83$0.73$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.49$0.45$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.24$0.14$0.09