Civic Intelligence

Crescent Project Inc.

990 • Fiscal year 2019 • EIN 35-1790297

Jan 01, 2019 to Dec 31, 2019 • Filed on May 08, 2020

PO Box 681924Franklin, TN 37068

(317) 257-8870

Siviq Scores

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

Liabilities / Assets

57th percentile

0.13x

Higher debt load relative to assets than 57% of similar nonprofits.

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

Liabilities / Revenue

36th percentile

0.04x

Higher debt load relative to revenue than 36% of similar nonprofits.

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

Net Margin

47th percentile

2.2%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

89th percentile

$192,240

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

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

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

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

Revenue Growth

25th percentile

-7.4%

Faster revenue growth than 25% of similar nonprofits.

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

Assets

Up

$626,816

Up $77,617 (+14%) from 2018

Net Assets

Up

$546,185

Up $43,446 (+8.6%) from 2018

Liabilities

Up

$80,631

Up $34,171 (+74%) from 2018

Revenue

Down

$1,967,568

Down $156,936 (-7.4%) from 2018

Expenses

Down

$1,924,122

Down $105,130 (-5.2%) from 2018

Net Income

Down

$43,446

Down $51,806 (-54%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $158,280Liabilities 2010: $30,911Net Assets 2010: $127,3692010Assets 2011: $171,883Liabilities 2011: $63,468Net Assets 2011: $108,4152011Assets 2012: $250,825Liabilities 2012: $15,125Net Assets 2012: $235,7002012Assets 2013: $258,036Liabilities 2013: $27,733Net Assets 2013: $230,3032013Assets 2014: $248,174Liabilities 2014: $27,756Net Assets 2014: $220,4182014Assets 2015: $326,445Liabilities 2015: $119,120Net Assets 2015: $207,3252015Assets 2016: $323,648Liabilities 2016: $43,748Net Assets 2016: $279,9002016Assets 2017: $466,174Liabilities 2017: $58,687Net Assets 2017: $407,4872017Assets 2018: $549,199Liabilities 2018: $46,460Net Assets 2018: $502,7392018Assets 2019: $626,816Liabilities 2019: $80,631Net Assets 2019: $546,1852019Assets 2020: $860,655Liabilities 2020: $116,426Net Assets 2020: $744,2292020Assets 2021: $1,268,545Liabilities 2021: $76,750Net Assets 2021: $1,191,7952021Assets 2022: $1,303,230Liabilities 2022: $56,735Net Assets 2022: $1,246,4952022Assets 2023: $1,244,476Liabilities 2023: $36,205Net Assets 2023: $1,208,2712023Assets 2024: $1,609,719Liabilities 2024: $44,396Net Assets 2024: $1,565,3232024

Highlighted filing

2019

Assets$626,816
Liabilities$80,631
Net Assets$546,185

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,311,3342010Expenses 2011: $1,202,1852011Expenses 2012: $894,8212012Revenue 2013: $1,209,426Expenses 2013: $1,214,823Net Income 2013: -$5,3972013Revenue 2014: $1,389,341Expenses 2014: $1,399,226Net Income 2014: -$9,8852014Revenue 2015: $1,623,682Expenses 2015: $1,636,775Net Income 2015: -$13,0932015Revenue 2016: $1,916,609Expenses 2016: $1,844,034Net Income 2016: $72,5752016Revenue 2017: $2,096,835Expenses 2017: $1,969,249Net Income 2017: $127,5862017Revenue 2018: $2,124,504Expenses 2018: $2,029,252Net Income 2018: $95,2522018Revenue 2019: $1,967,568Expenses 2019: $1,924,122Net Income 2019: $43,4462019Revenue 2020: $1,751,121Expenses 2020: $1,553,077Net Income 2020: $198,0442020Revenue 2021: $1,819,436Expenses 2021: $1,371,870Net Income 2021: $447,5662021Revenue 2022: $1,675,338Expenses 2022: $1,620,638Net Income 2022: $54,7002022Revenue 2023: $1,765,765Expenses 2023: $1,803,989Net Income 2023: -$38,2242023Revenue 2024: $2,062,071Expenses 2024: $1,705,019Net Income 2024: $357,0522024

Highlighted filing

2019

Revenue$1,967,568
Expenses$1,924,122
Net Income$43,446
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 8, 2020
Return Version
2019v5.0
Gross Receipts
$1,987,805
Mission and Program Overview

Mission

To inspire, equip, and serve the Church to reach Muslims with the Gospel of Christ for the Glory of God.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$239,518$389,715▲ $150,197
Savings and Temporary Cash Investments$251,235$201,909▼ $49,326
Inventories for Sale or Use$21,478$25,315▲ $3,837
Prepaid Expenses and Deferred Charges$36,353$6,652▼ $29,701
Accounts Receivable$615$3,225▲ $2,610
Total Assets$549,199$626,816▲ $77,617
Liabilities
Accounts Payable and Accrued Expenses$46,460$80,631▲ $34,171
Total Liabilities$46,460$80,631▲ $34,171
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$500,839$542,465▲ $41,626
Net Assets With Donor Restrictions$1,900$3,720▲ $1,820
Total Net Assets Fund Balance$502,739$546,185▲ $43,446
Total Liabilities and Net Assets / Fund Balance$549,199$626,816▲ $77,617

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$26,153$26,153
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fouad MasriCEO, Vice ChFT$137,240$55,000$192,240
Fouad MasriCEO, Vice Chairman-$137,240$55,000$192,240

Board Members and Trustees

NameTitle
Mark MassoChairman
Schuyler SchmidtDirector
Julie StollSecretary
Marc MonnardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,827,593
Program Service Revenue
$103,278
Investment Income
$1,213
Other Revenue
$35,484
All Other Contributions
$1,827,593
Change in Net Assets
$43,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,421,750
Other Expenses$502,372
Total Fundraising Expense$208,117
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$913,942$132,760$151,961$1,198,663
Travel$132,395$37,742$13,847$183,984
Other Employee Benefits$109,814$19,450$25,180$154,444
Conferences and Meetings$72,963$820$434$74,217
Fees for Services Other$42,587$28,536$2,500$73,623
Payroll Taxes$45,661$18,158$4,824$68,643
Office Expenses$16,123$18,410$5,907$40,440
Information Technology$13,630$13,728$1,022$28,380
Occupancy$150$22,936$51$23,137
Insurance-$6,283-$6,283
Advertising$603$4,459$26$5,088
Other Expenses$8,056$479$141$479
Total Functional Expenses$1,373,474$342,531$208,117$1,924,122
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Cedar Cross MediaDirector OwnsProgram MaterialsNo$43,661
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 11B

Form 990 is provided to the board of directors for approval prior to filing.

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

We regularly monitor the conflict of interest policy.

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

The director's salary is determined annually by the board via a compensation study.

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

Key employees salaries are determined by the board on an annual basis.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflicts of interest policy, and financial statements are available to the public upon request during business hours.

Filing and Contact Details

Filer

Filer Name
Crescent Project Inc
EIN
35-1790297
Phone
3172578870
Address
PO BOX 681924, FRANKLIN, TN 37068

Signing Officer

Name
Fouad Masri
Title
CEO, Vice Chairman
Phone
6156227910
Signed
2020-05-08

Organization Details

Principal Officer
Fouad Masri
Formed
1989
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
35
Volunteers
35

Preparer

Firm
Yount & Company LLC
Address
5665 NORTH POST ROAD SUITE 110, INDIANAPOLIS, IN 46216
Preparer
Joseph Daniel Holt
Phone
3175461020
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FOUAD MASRI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO, VICE CHAIRMAN
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0CEDAR CROSS MEDIA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR OWNS
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROGRAM MATERIALS
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0CEDAR CROSS MEDIA IS AN ENTITY OWNED MORE THAN 35% BY FOUAD MASRI, THE PRESIDENT AND DIRECTOR OF CRESCENT PROJECT.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE REGULARLY MONITOR THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTOR'S SALARY IS DETERMINED ANNUALLY BY THE BOARD VIA A COMPENSATION STUDY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KEY EMPLOYEES SALARIES ARE DETERMINED BY THE BOARD ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST DURING BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.61$0.04$1.57$2.06$1.71$0.36
2023Detailed filing. Detailed filing data is available for this year.$1.24$0.04$1.21$1.77$1.80$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.30$0.06$1.25$1.68$1.62$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.27$0.08$1.19$1.82$1.37$0.45
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.12$0.74$1.75$1.55$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.08$0.55$1.97$1.92$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.05$0.50$2.12$2.03$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.06$0.41$2.10$1.97$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.32$0.04$0.28$1.92$1.84$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.12$0.21$1.62$1.64$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.03$0.22$1.39$1.40$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.23$1.21$1.21$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.02$0.24$0.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.06$0.11$1.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.03$0.13$1.31