Civic Intelligence

Project Purple Inc.

990 • Fiscal year 2017 • EIN 27-3492063

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 19, 2018

115 Main Street Suite 1Seymour, CT 06483

(203) 714-6052

Siviq Scores

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

Liabilities / Assets

75th percentile

0.39x

Higher debt load relative to assets than 75% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

0.15x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

51st percentile

3.3%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$100,552

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

7th percentile

-17%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-12%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$397,580

Down $79,633 (-17%) from 2016

Net Assets

Up

$240,893

Up $35,107 (+17%) from 2016

Liabilities

Down

$156,687

Down $114,740 (-42%) from 2016

Revenue

Down

$1,053,205

Down $143,876 (-12%) from 2016

Expenses

Down

$1,018,098

Down $96,610 (-8.7%) from 2016

Net Income

Down

$35,107

Down $47,266 (-57%) from 2016

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

2017

Assets$397,580
Liabilities$156,687
Net Assets$240,893

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

2017

Revenue$1,053,205
Expenses$1,018,098
Net Income$35,107
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 19, 2018
Return Version
2017v2.3
Gross Receipts
$1,057,615
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$397,438$322,805▼ $74,633
Prepaid Expenses and Deferred Charges$32,618$28,562▼ $4,056
Inventories for Sale or Use$16,663$13,700▼ $2,963
Land, Buildings, and Equipment, Net$17,859$11,482▼ $6,377
Pledges and Grants Receivable$5,368$10,203▲ $4,835
Intangible Assets$5,067$8,628▲ $3,561
Total Assets$477,213$397,580▼ $79,633
Other Assets Total$2,200$2,200→ $0
Liabilities
Grants Payable$249,863$124,863▼ $125,000
Accounts Payable and Accrued Expenses$20,814$30,074▲ $9,260
Other Liabilities$750$1,750▲ $1,000
Total Liabilities$271,427$156,687▼ $114,740
Net Assets / Fund Balance
Unrestricted Net Assets$180,410$216,669▲ $36,259
Temporarily Rstr Net Assets$25,376$24,224▼ $1,152
Total Net Assets Fund Balance$205,786$240,893▲ $35,107
Total Liabilities and Net Assets / Fund Balance$477,213$397,580▼ $79,633

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,226$10,920$20,146
Leasehold Improvements$2,256$884$3,140
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sandino VerrelliFounder andFT$97,271$3,281$100,552

Board Members and Trustees

NameTitle
Tony LuongoPresident
Alan GardnerDirector
Andrew PolioDirector
Bryan LivelyDirector
Dr Bret SchipperDirector
Sarah PolioSecretary
Alex PaliosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,048,797
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,408
All Other Contributions
$1,048,797
Change in Net Assets
$35,107

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,053,205
Revenue Not Reported on Form 990
$1,900
Total Revenue per Audited Statements
$1,055,105
Total Revenue per Form 990
$1,053,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$549,566
Salaries, Compensation, and Employee Benefits$304,990
Grants and Similar Amounts Paid$163,542
Total Fundraising Expense$63,785
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$120,430$28,690$17,009$166,129
Grants to Domestic Individuals$111,542--$111,542
Current Officers, Directors, Trustees, and Key Employees$72,377$19,301$4,825$96,503
Travel$78,306$3,480$5,220$87,006
Office Expenses$45,429$4,603$14,390$64,422
Grants to Domestic Orgs$52,000--$52,000
Advertising$46,433--$46,433
Fees for Services Other$24,905-$1,512$26,417
Other Expenses$23,325--$23,325
Payroll Taxes$16,601$4,098$1,868$22,567
Information Technology$16,480$3,567$1,871$21,918
Other Employee Benefits$15,531$2,460$1,800$19,791
Occupancy$14,355$3,107$1,631$19,093
Fees for Services Accounting-$14,490-$14,490
All Other Expenses$889$370$12,981$14,240
Depreciation Depletion$5,972$1,293$678$7,943
Insurance$395$1,458-$1,853
Total Functional Expenses$867,396$86,917$63,785$1,018,098

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,019,998
Expenses per Audited Statements$1,018,098
Total Expenses per Form 990$1,018,098
Expenses Not Reported on Form 990$1,900
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Nebraska FoundationLincoln, NE501c3Research Grants$52,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Abatement$1,750
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
115 MAIN STREET SUITE 1, SEYMOUR, CT 06483

Signing Officer

Name
Sandino Verrelli
Title
Founder and CEO
Phone
2037146052
Signed
2018-07-19
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
10
Volunteers
150

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 4B

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, 2017, 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, 2017, the statute of limitations for tax years 2014 through 2016 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, 2017, the organization had no accruals for interest and/or penalties.

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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetIncomeOrLossGrp/ExclusionAmt04408
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IRS990/OfficeExpensesGrp/ProgramServicesAmt045429
IRS990/OfficeExpensesGrp/TotalAmt064422
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0RACE REG. AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1APPAREL
IRS990/OtherExpensesGrp/Desc2PRE/POST MARATHON EVENTS
IRS990/OtherExpensesGrp/Desc3AWARDS AND PHOTOS
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IRS990/PrincipalOfficerNm0SANDINO VERRELLI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0229667
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INVENTORY SALES 17,052
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/TotalSupportAmt03813011
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT ABATEMENT
IRS990ScheduleD/RevenueNotReportedAmt01900
IRS990ScheduleD/RevenueSubtotalAmt01053205
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, 2017, 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, 2017, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2014 THROUGH 2016 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, 2017, THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt01018098
IRS990ScheduleD/TotalLiabilityAmt01750
IRS990ScheduleD/TotalRevenuePerForm990Amt01053205
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01055105
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01019998
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0111542
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PATIENT AID & CARE PACKS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0130
IRS990ScheduleI/RecipientTable/CashGrantAmt052000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH GRANTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF NEBRASKA FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0470379839
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01010 LINCOLN MALL SUITE 300
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LINCOLN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd068508
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/Total501c3OrgCnt01
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 4B
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
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IRS990/TaxExemptBondsInd0false
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0180410
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 MAIN STREET SUITE 1

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.16$0.24$1.05$1.02$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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