Civic Intelligence

Project Connect Inc.

990 • Fiscal year 2018 • EIN 27-4003340

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 08, 2019

PO Box 295Madison, TN 37116

(615) 243-5499

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.04x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

27th percentile

-7.0%

Higher net margin than 27% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$55,600

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

17th percentile

-26%

Faster asset growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$59,984

Down $21,128 (-26%) from 2017

Net Assets

Down

$57,455

Down $23,573 (-29%) from 2017

Liabilities

Up

$2,529

Up $2,445 (+2911%) from 2017

Revenue

Up

$335,753

Up $54,791 (+20%) from 2017

Expenses

Down

$359,326

Down $14,373 (-3.8%) from 2017

Net Income

Up

-$23,573

Up $69,164 (+75%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2016: $173,765Liabilities 2016: $0Net Assets 2016: $173,7652016Assets 2017: $81,112Liabilities 2017: $84Net Assets 2017: $81,0282017Assets 2018: $59,984Liabilities 2018: $2,529Net Assets 2018: $57,4552018Assets 2020: $371,771Liabilities 2020: $25,447Net Assets 2020: $346,3242020Assets 2021: $935,489Liabilities 2021: $573,359Net Assets 2021: $362,1302021Assets 2022: $1,040,140Liabilities 2022: $561,930Net Assets 2022: $478,2102022Assets 2024: $757,687Liabilities 2024: $523,408Net Assets 2024: $234,2792024

Highlighted filing

2018

Assets$59,984
Liabilities$2,529
Net Assets$57,455

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2016: $370,840Expenses 2016: $222,089Net Income 2016: $148,7512016Revenue 2017: $280,962Expenses 2017: $373,699Net Income 2017: -$92,7372017Revenue 2018: $335,753Expenses 2018: $359,326Net Income 2018: -$23,5732018Revenue 2020: $1,374,079Expenses 2020: $1,160,869Net Income 2020: $213,2102020Revenue 2021: $1,552,607Expenses 2021: $1,485,631Net Income 2021: $66,9762021Revenue 2022: $971,899Expenses 2022: $855,819Net Income 2022: $116,0802022Revenue 2024: $491,983Expenses 2024: $645,337Net Income 2024: -$153,3542024

Highlighted filing

2018

Revenue$335,753
Expenses$359,326
Net Income-$23,573
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 8, 2019
Return Version
2018v3.1
Gross Receipts
$368,009
Mission and Program Overview

Mission

Project connect exists to help disconnected and vulnerable men, women, and their families build relationships with others who will encourage and guide them, providing assistance when needed, educating and equipping them for the challenges each day brings, and celebrating every victory along the way. In addition, the organization seeks to educate the church on poverty, connecting those who desire to serve with opportunities to connect with hurting people in their community.

Build relationships with individuals that are stuck in the cycle of poverty and connect them to the faith community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,705$54,670▼ $17,035
Land, Buildings, and Equipment, Net$6,510$3,114▼ $3,396
Prepaid Expenses and Deferred Charges$2,897$2,200▼ $697
Total Assets$81,112$59,984▼ $21,128
Liabilities
Accounts Payable and Accrued Expenses$84$2,529▲ $2,445
Total Liabilities$84$2,529▲ $2,445
Net Assets / Fund Balance
Unrestricted Net Assets$81,028$57,455▼ $23,573
Total Net Assets Fund Balance$81,028$57,455▼ $23,573
Total Liabilities and Net Assets / Fund Balance$81,112$59,984▼ $21,128

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,136$4,854$6,990
Other Land Buildings$978$2,221$3,199
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Alan MurdockExecutive DirectorFT$55,600$55,600

Board Members and Trustees

NameTitle
Joel AndersonPresident
Annie VaughnDirector
Christa BratcherDirector
Duffy BettertonDirector
Fernando MunozDirector
Howard VarnedoeDirector
Jeremy KeltonDirector
Kerry HaymakerDirector
Mark HarmonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$333,730
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,023
All Other Contributions
$254,730
Change in Net Assets
$-23,573
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$234,079
Other Expenses$85,802
Grants and Similar Amounts Paid$39,445
Total Fundraising Expense$18,496
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,696$40,586$14,400$161,682
Current Officers, Directors, Trustees, and Key Employees$44,480$8,340$2,780$55,600
Grants to Domestic Individuals$39,445--$39,445
Occupancy$28,472$2,035-$30,507
Conferences and Meetings$18,087--$18,087
Office Expenses$931$16,068-$16,999
Payroll Taxes$11,690$3,791$1,316$16,797
Fees for Services Accounting-$5,996-$5,996
Depreciation Depletion$3,396--$3,396
Fees for Services Legal-$3,000-$3,000
Travel$1,429--$1,429
Advertising-$1,265-$1,265
All Other Expenses-$1,166-$1,166
Insurance-$799-$799
Other Expenses$152$3,006-$152
Total Functional Expenses$254,778$86,052$18,496$359,326
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,279
Fundraising Direct Expenses$32,256
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Dinner$101,202$24,202$5,291$18,911
Fall Art Sale$12,077$10,077$7,915$2,162
Total Events$113,279$34,279$32,256$2,023
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michelle MurdockSpouse of the Executive DirectorCOMPENSATION PAID AS AN ORGANIZATION EMPLOYEE, SERVING IN THE ROLE OF VOLUNTEER AND DEVELOPMENT DIRECTOR. THE BOARD APPROVES MRS. MURDOCK'S ANNUAL COMPENSATION.No$41,600
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
Yes
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
Yes
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, Part VI, Section B, Line 11B

A draft of form 990 was distributed to the board of directors for review and comment prior to filing the return.

Form 990, Part VI, Section B, Line 12C

The organization's bylaws includes a conflict of interest policy. Board members are required to disclose any conflicts before a potential transaction occurs.

Form 990, Part VI, Section B, Line 15

The board reviews comparable salary data published by the center for nonprofit management, determines the appropriate salary for payment by the organization, approves the salary, and documents the decision in its meeting minutes.

Form 990, Part VI, Section C, Line 19

The organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
Project Connect Inc
EIN
27-4003340
Phone
6152435499
Address
PO BOX 295, MADISON, TN 37116
Doing Business As
Project Connect Nashville

Signing Officer

Name
Alan Murdock
Title
Executive Director
Phone
6152435499
Signed
2019-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Murdock
Formed
2010
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
10
Volunteers
1,200

Preparer

Firm
Fmc Cpas Pllc
Address
3100 WEST END AVENUE STE 700, NASHVILLE, TN 37203
Preparer
Tedra K Armstrong CPA
Phone
6152923011
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0370743
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0128993
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt048187
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01167736
IRS990ScheduleA/TotalSupportAmt01169856
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt02023
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt097
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt02120
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02136
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04854
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06990
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0978
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02221
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03199
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03114
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt079000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt077000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt02000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt032256
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPRING DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FALL ART SALE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt08245
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt08245
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0101202
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt012077
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0113279
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt024202
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt010077
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt034279
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt02023
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt013206
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05291
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07915
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt09999
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt0806
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt010805
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt025412
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt114033
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ASSISTANCE PROVIDED TO "GET OUT STAY OUT" PROGRAM PARTICIPANTS, INCLUDING ASSISTANCE WITH HOUSING, UTILITIES AND OTHER RELATED EXPENSES, TRANSPORTATION, AND FOOD.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1EMERGENCY ASSISTANCE PROVIDED TO INDIGENT INDIVIDUALS FOR FOOD, PRESCRIPTIONS, HOUSING, UTILITIES, AND TRANSPORTATION
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt040
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1137
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES GUIDANCE AND ASSISTANCE THROUGH ITS "GET OUT STAY OUT" PROGRAM. THIS INCLUDES SELECTION OF PROGRAM RECIPIENTS, EDUCATIONAL MEETINGS, AND PERIODIC FOLLOW-UP WITH PROGRAM PARTICIPANTS. IN ADDITION, THE ORGANIZATION PROVIDES EMERGENCY ASSISTANCE TO MEN, WOMEN, AND THEIR FAMILIES. ASSISTANCE IS PROVIDED BASED UPON DOCUMENTED NEED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MICHELLE MURDOCK
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE OF THE EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt041600
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION PAID AS AN ORGANIZATION EMPLOYEE, SERVING IN THE ROLE OF VOLUNTEER AND DEVELOPMENT DIRECTOR. THE BOARD APPROVES MRS. MURDOCK'S ANNUAL COMPENSATION.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 WAS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S BYLAWS INCLUDES A CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS BEFORE A POTENTIAL TRANSACTION OCCURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS COMPARABLE SALARY DATA PUBLISHED BY THE CENTER FOR NONPROFIT MANAGEMENT, DETERMINES THE APPROPRIATE SALARY FOR PAYMENT BY THE ORGANIZATION, APPROVES THE SALARY, AND DOCUMENTS THE DECISION IN ITS MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt081112
IRS990/TotalAssetsEOYAmt059984
IRS990/TotalAssetsGrp/BOYAmt081112
IRS990/TotalAssetsGrp/EOYAmt059984
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0333730
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018496
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086052
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0254778
IRS990/TotalFunctionalExpensesGrp/TotalAmt0359326
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt084
IRS990/TotalLiabilitiesEOYAmt02529
IRS990/TotalLiabilitiesGrp/BOYAmt084
IRS990/TotalLiabilitiesGrp/EOYAmt02529
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt081028
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt057455
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0254778
IRS990/TotalReportableCompFromOrgAmt055600
IRS990/TotalRevenueGrp/ExclusionAmt02023
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0335753
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt081112
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt059984
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01429
IRS990/TravelGrp/TotalAmt01429
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt081028
IRS990/UnrestrictedNetAssetsGrp/EOYAmt057455
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 295
IRS990/USAddress/CityNm0MADISON
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037116
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0PROJECTCONNECTNASHVILLE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN MURDOCK

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