Civic Intelligence

Project Purple Inc.

990 • Fiscal year 2019 • EIN 27-3492063

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 30, 2020

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

53rd percentile

0.10x

Higher debt load relative to assets than 53% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.04x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

31st percentile

-2.7%

Higher net margin than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

85th percentile

$159,298

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

29th percentile

-2.3%

Faster asset growth than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

3.1%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$652,076

Down $15,656 (-2.3%) from 2018

Net Assets

Down

$585,541

Down $40,257 (-6.4%) from 2018

Liabilities

Up

$66,535

Up $24,601 (+59%) from 2018

Revenue

Up

$1,482,219

Up $44,249 (+3.1%) from 2018

Expenses

Up

$1,522,476

Up $469,411 (+45%) from 2018

Net Income

Down

-$40,257

Down $425,162 (-110%) from 2018

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

2019

Assets$652,076
Liabilities$66,535
Net Assets$585,541

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

2019

Revenue$1,482,219
Expenses$1,522,476
Net Income-$40,257
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 30, 2020
Return Version
2019v5.0
Gross Receipts
$1,486,155
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$407,881$505,481▲ $97,600
Prepaid Expenses and Deferred Charges$39,443$58,565▲ $19,122
Pledges and Grants Receivable$17,227$38,266▲ $21,039
Inventories for Sale or Use$34,760$20,032▼ $14,728
Intangible Assets$17,546$15,013▼ $2,533
Land, Buildings, and Equipment, Net$9,325$9,466▲ $141
Accounts Receivable$137,550$1,253▼ $136,297
Total Assets$667,732$652,076▼ $15,656
Other Assets Total$4,000$4,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$40,224$63,445▲ $23,221
Other Liabilities$1,710$3,090▲ $1,380
Total Liabilities$41,934$66,535▲ $24,601
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$583,675$516,329▼ $67,346
Net Assets With Donor Restrictions$42,123$69,212▲ $27,089
Total Net Assets Fund Balance$625,798$585,541▼ $40,257
Total Liabilities and Net Assets / Fund Balance$667,732$652,076▼ $15,656

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,466$21,811$31,277
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sandino VerrelliFounder andFT$156,110$3,188$159,298
Sandino VerrelliFounder and CEO-$130,771$28,527$159,298

Board Members and Trustees

NameTitle
Bryan LivelyPresident
Andrew PolioDirector
Brian ZellnerDirector
Dr Bret SchipperDirector
Shawn VeroneseDirector
Sarah PolioSecretary
Alex PaliosTreasurer
Tony LuongoVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Arbor Research CollaborativeResearch340 E HURON 300, Ann Arbor, MI 48104$250,000
Revenue and Support

Revenue Composition

Contributions and Grants
$1,417,290
Program Service Revenue
$60,993
Investment Income
$0
Other Revenue
$3,936
All Other Contributions
$1,417,290
Change in Net Assets
$-40,257

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,482,219
Total Revenue per Audited Statements
$1,482,219
Total Revenue per Form 990
$1,482,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$895,267
Salaries, Compensation, and Employee Benefits$492,564
Grants and Similar Amounts Paid$134,645
Total Fundraising Expense$65,672
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$287,961--$287,961
Other Salaries and Wages$215,474$32,620$24,108$272,202
Current Officers, Directors, Trustees, and Key Employees$121,562$32,416$8,104$162,082
Travel$137,058$1,861$3$138,922
Grants to Domestic Individuals$97,145--$97,145
Office Expenses$38,388$11,821$9,271$59,480
Grants to Domestic Orgs$37,500--$37,500
Payroll Taxes$25,075$4,521$2,475$32,071
Occupancy$21,326$3,561$1,988$26,875
Other Employee Benefits$20,696$3,165$2,348$26,209
Fees for Services Accounting-$24,650-$24,650
Information Technology$19,487$3,253$1,816$24,556
Advertising$18,065$485$5,693$24,243
All Other Expenses$9,148$1,814$9,268$20,230
Other Expenses$14,622--$14,622
Depreciation Depletion$6,417$1,072$598$8,087
Insurance$1,001$1,522-$2,523
Total Functional Expenses$1,334,043$122,761$65,672$1,522,476

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,522,476
Total Expenses per Audited Statements$1,522,476
Total Expenses per Form 990$1,522,476
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The University of ChicagoChicago, IL501 C3Research Grant$37,500
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$3,090
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 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
2020-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandino Verrelli
Formed
2010
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
8
Employees
14
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

Research, scholarships and patient 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. We offer financial 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 eligible to apply once every 12 months 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, photo id, previous year's tax filing, as well as any bills that they are looking for assistance with. Project purple is committed to funding critical research towards a cure and early detection of pancreatic cancer. Project purple has funded over 2,000,000 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.

Form 990, Part IX, Line 11G

Consulting 12,802 0 0 event coordinator 25,159 0 0 consulting - research 250,000 0 0 total 287,961 0 0

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 project purple'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. Project purple performed an evaluation of uncertain tax positions for the year ended december 31, 2019, 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, 2019, the statute of limitations for tax years 2016 through 2018 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which project purple files tax returns. It is project purple's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. As of december 31, 2019, project purple had no accruals for interest and/or penalties.

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IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt097145
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt037500
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IRS990/GrantsToOrganizationsInd0true
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IRS990/InformationTechnologyGrp/FundraisingAmt01816
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IRS990/InformationTechnologyGrp/TotalAmt024556
IRS990/InsuranceGrp/ManagementAndGeneralAmt01522
IRS990/InsuranceGrp/ProgramServicesAmt01001
IRS990/InsuranceGrp/TotalAmt02523
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IRS990/IntangibleAssetsGrp/EOYAmt015013
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IRS990/LobbyingActivitiesInd0false
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
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.
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IRS990/OtherExpensesGrp/Desc0RACE REG. AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1APPAREL
IRS990/OtherExpensesGrp/Desc2PRE/POST MARATHON EVENTS
IRS990/OtherExpensesGrp/Desc3EVENT OTHER
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IRS990/ProgramServiceRevenueGrp/Desc0EVENT REGISTRATION FES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt060993
IRS990/ProgSrvcAccomActy2Grp/Desc0RESEARCH, SCHOLARSHIPS AND PATIENT 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. WE OFFER FINANCIAL 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 ELIGIBLE TO APPLY ONCE EVERY 12 MONTHS 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, PHOTO ID, PREVIOUS YEAR'S TAX FILING, AS WELL AS ANY BILLS THAT THEY ARE LOOKING FOR ASSISTANCE WITH. PROJECT PURPLE IS COMMITTED TO FUNDING CRITICAL RESEARCH TOWARDS A CURE AND EARLY DETECTION OF PANCREATIC CANCER. PROJECT PURPLE HAS FUNDED OVER 2,000,000 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/ExpenseAmt0471878
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IRS990/PYOtherRevenueAmt013877
IRS990/PYRevenuesLessExpensesAmt0384905
IRS990/PYSalariesCompEmpBnftPaidAmt0333389
IRS990/PYTotalExpensesAmt01053065
IRS990/PYTotalRevenueAmt01437970
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IRS990/ReconcilationRevenueExpnssAmt0-40257
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RevenueAmt060993
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INVENTORY SALES 40,346
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01417290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01426497
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01048797
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01192962
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0825070
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05910616
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt060993
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07872
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt023294
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08818
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08234
IRS990ScheduleA/OtherIncome170Grp/TotalAmt048218
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99190
IRS990ScheduleA/PublicSupportPY170Pct00.99200
IRS990ScheduleA/PublicSupportTotal170Amt05910616
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01417290
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01192962
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0825070
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05910616
IRS990ScheduleA/TotalSupportAmt05958834
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt09466
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021811
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031277
IRS990ScheduleD/ExpensesSubtotalAmt01522476
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03090
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT ABATEMENT
IRS990ScheduleD/RevenueSubtotalAmt01482219
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 PROJECT PURPLE'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. PROJECT PURPLE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2019, 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, 2019, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2016 THROUGH 2018 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH PROJECT PURPLE FILES TAX RETURNS. IT IS PROJECT PURPLE'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. AS OF DECEMBER 31, 2019, PROJECT PURPLE HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09466
IRS990ScheduleD/TotalExpensesPerForm990Amt01522476
IRS990ScheduleD/TotalLiabilityAmt03090
IRS990ScheduleD/TotalRevenuePerForm990Amt01482219
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01482219
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01522476
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt088966
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PATIENT FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1PATIENT CARE PACKAGES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt08179
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0BLANKETS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0167
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1368
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0COST
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1COST
IRS990ScheduleI/RecipientTable/CashGrantAmt037500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0RESEARCH GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE UNIVERSITY OF CHICAGO
IRS990ScheduleI/RecipientTable/RecipientEIN0362177139
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05235 SOUTH HARPER COURT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0SUITE 450
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CHICAGO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060615
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0COST
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
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0130771
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025339
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03188
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SANDINO VERRELLI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FOUNDER AND CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0159298
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS APPROVED A BONUS FOR THE EXECUTIVE DIRECTOR IN THE AMOUNT OF 20,400 FOR THE 2019 CALENDAR YEAR
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 7
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
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/ExplanationTxt1RESEARCH, SCHOLARSHIPS AND PATIENT 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. WE OFFER FINANCIAL 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 ELIGIBLE TO APPLY ONCE EVERY 12 MONTHS 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, PHOTO ID, PREVIOUS YEAR'S TAX FILING, AS WELL AS ANY BILLS THAT THEY ARE LOOKING FOR ASSISTANCE WITH. PROJECT PURPLE IS COMMITTED TO FUNDING CRITICAL RESEARCH TOWARDS A CURE AND EARLY DETECTION OF PANCREATIC CANCER. PROJECT PURPLE HAS FUNDED OVER 2,000,000 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.

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
2019Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits