Civic Intelligence

Project Exploration

990 • Fiscal year 2023 • EIN 36-4305660

Sep 01, 2022 to Aug 31, 2023 • Filed on Nov 21, 2024

4511 South EvansChicago, IL 60653

(312) 273-4026

Siviq Scores

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

Liabilities / Assets

86th percentile

0.59x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.18x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

18th percentile

-16%

Higher net margin than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$113,671

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

37th percentile

0.0%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

25th percentile

-10%

Faster revenue growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$396,681

Up $147 (+0.0%) from 2022

Net Assets

Down

$163,247

Down $201,783 (-55%) from 2022

Liabilities

Up

$233,434

Up $201,930 (+641%) from 2022

Revenue

Down

$1,273,272

Down $147,157 (-10%) from 2022

Expenses

Up

$1,475,055

Up $190,806 (+15%) from 2022

Net Income

Down

-$201,783

Down $337,963 (-248%) from 2022

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2018: $269,712Liabilities 2018: $139,449Net Assets 2018: $130,2632018Assets 2019: $245,528Liabilities 2019: $106,615Net Assets 2019: $138,9132019Assets 2020: $402,219Liabilities 2020: $117,521Net Assets 2020: $284,6982020Assets 2021: $496,596Liabilities 2021: $267,746Net Assets 2021: $228,8502021Assets 2022: $396,534Liabilities 2022: $31,504Net Assets 2022: $365,0302022Assets 2023: $396,681Liabilities 2023: $233,434Net Assets 2023: $163,2472023Assets 2024: $523,374Liabilities 2024: $175,833Net Assets 2024: $347,5412024

Highlighted filing

2023

Assets$396,681
Liabilities$233,434
Net Assets$163,247

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $706,746Expenses 2018: $670,290Net Income 2018: $36,4562018Revenue 2019: $743,524Expenses 2019: $734,874Net Income 2019: $8,6502019Revenue 2020: $969,150Expenses 2020: $823,365Net Income 2020: $145,7852020Revenue 2021: $1,457,126Expenses 2021: $1,512,974Net Income 2021: -$55,8482021Revenue 2022: $1,420,429Expenses 2022: $1,284,249Net Income 2022: $136,1802022Revenue 2023: $1,273,272Expenses 2023: $1,475,055Net Income 2023: -$201,7832023Revenue 2024: $2,069,266Expenses 2024: $1,894,323Net Income 2024: $174,9432024

Highlighted filing

2023

Revenue$1,273,272
Expenses$1,475,055
Net Income-$201,783
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Nov 21, 2024
Return Version
2022v5.0
Gross Receipts
$1,273,272
Mission and Program Overview

Mission

Project exploration creates transformative learning opportunities for youth underrepresented in the sciences -- particularly students of color and girls -- by equipping them with the skills, practices, and mindset needed for a lifelong pursuit of learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$110,580$326,731▲ $216,151
Land, Buildings, and Equipment, Net$78,843$46,960▼ $31,883
Cash and Non-Interest-Bearing Accounts$69,623$22,248▼ $47,375
Savings and Temporary Cash Investments$137,488$742▼ $136,746
Total Assets$396,534$396,681▲ $147
Liabilities
Unsecured Notes Loans Payable-$200,000-
Accounts Payable and Accrued Expenses$31,504$33,434▲ $1,930
Total Liabilities$31,504$233,434▲ $201,930
Net Assets / Fund Balance
Net Assets With Donor Restrictions$269,750$325,000▲ $55,250
Net Assets Without Donor Restrictions$95,280$-161,753▼ $257,033
Total Net Assets Fund Balance$365,030$163,247▼ $201,783
Total Liabilities and Net Assets / Fund Balance$396,534$396,681▲ $147

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,960$112,448$159,408
Other Land Buildings-$17,685$17,685
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Natasha Smith-walkerExecutive DiFT$113,671$113,671
Kelli Beyer PatelKey EmployeeFT$101,104$101,104

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,171,553
Program Service Revenue
$101,616
Investment Income
$103
Other Revenue
$0
All Other Contributions
$834,677
Change in Net Assets
$-201,783

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,273,272
Revenue Not Reported on Form 990
$75,291
Total Revenue per Audited Statements
$1,348,563
Total Revenue per Form 990
$1,273,272
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$738,961
Other Expenses$736,094
Total Fundraising Expense$112,288
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$474,116$35,916$28,213$538,245
Current Officers, Directors, Trustees, and Key Employees$25,611$64,029$38,417$128,057
All Other Expenses$22,418$18,548$28,727$69,693
Payroll Taxes$42,768$8,554$5,702$57,024
Other Expenses$54,342$30,623-$54,342
Travel$31,669$3,959$3,959$39,587
Depreciation Depletion-$31,883-$31,883
Office Expenses$3,282$25,177$2,784$31,243
Insurance$16,544$2,068$2,068$20,680
Information Technology$14,513$1,707$854$17,074
Other Employee Benefits$11,726$2,345$1,564$15,635
Fees for Services Other-$9,350-$9,350
Occupancy$8,750--$8,750
Total Functional Expenses$1,128,608$234,159$112,288$1,475,055

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,550,346
Expenses per Audited Statements$1,475,055
Total Expenses per Form 990$1,475,055
Expenses Not Reported on Form 990$75,291
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
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 4

The bylaws were amended on 8/16/23 to change the size of the board of directors to range from 8 to 13.

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

The 990 return was not sent to all board members. The return has been sent to chair, treasurer, one or more additional board members with accounting or tax expertise, and outside legal counsel for review and approval.

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

Members required to disclose any conflicts and fill out conflicts of interest form annually.

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

Utilized publicly available surveys to determine comparable compensation.

Form 990, Page 6, Part VI, Line 19

To the extent required by law, governing documents are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
Project Exploration
EIN
36-4305660
Phone
3122734026
Address
4511 SOUTH EVANS, CHICAGO, IL 60653

Signing Officer

Name
Natasha Smith-walker
Title
Executive Director
Phone
7738347614
Signed
2024-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Natasha Smith-walker
Formed
1999
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
13
Volunteers
5

Preparer

Firm
Rcs Cpas Pllc
Address
4415 HARRISON ST SUITE 552, HILLSIDE, IL 60162
Preparer
Rodney C Scott
Phone
7084829488
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Return needed to amended due to changes in audit report

FORM 990 - ORGANIZATION'S MISSION

Project exploration creates transformative learning opportunities for youth underrepresented in the sciences -- particularly students of color and girls -- by equipping them with the skills, practices, and mindset needed for a lifelong pursuit of learning.

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

Environmental adventurers (ea) ea is aimed at engaging diverse, urban youth in the environmental sciences, biology, anatomy, and zoology subjects to develop skills in research in a meaningful and hands-on way. The participants involved in the program will do real scientific and environmental work with other participants while learning how to develop a research question to understand the importance of our environment. School-based programs - school-based programs are designed to provide stem programming for students at their home school. Project exploration has identified communities within the west and near west side, far south, south, and southwest side of chicago as program service areas. These communities reflect areas that have limited to no robust stem learning opportunities. Pe partners with local community-based organizations or works directly with cps to determine which schools to serve. Pe collaborates with school administrators and teachers to determine which programs to offer. Place-based programs - place-based programs are designed to provide stem programming within a geographic area and serve as a community stem hub. Project exploration has two place-based locations. The west side stem learning centers at the george leland elementary school campus was launched in 2017. In 2021, pe launched a second partnership with bethel new life to create another place-based stem learning center. Each aims to amplify the value of stem learning in the community, strengthen community cohesion through family programming, and bring citywide stem resources and programs to the local community.

Financial Statement Notes

Schedule D, Page 3, Part X

Project exploration is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code. There was no unrelated business income nor unrecognized tax benefits for the year ended august 31, 2023. Each of the organization's prior three years remains subject to examination by the internal revenue service. The organization has evaluated its tax positions for all open tax years. Based on the evaluation of the organization 's tax positions, management believes all tax positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended august 31, 2023.

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IRS990/ProgSrvcAccomActy2Grp/Desc0THE "EXPLORE" PROGRAMS FOCUS ON SPECIFIC DISCIPLINES AND INQUIRY METHODS WHILE REINFORCING CRITICAL THINKING SKILLS AND INVESTIGATIVE APPROACHES. EXAMPLES OF PROJECT EXPLORATION'S EXPLORE PROGRAMS: EXPLORE ENGINEERING,MEDICAL SCIENCES, AVIATION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CHICAGO STEM PATHWAYS COOPERATIVE (STEM CO-OP) IS DEDICATED TO BUILDING CRADLE-TO-CAREER PATHWAYS OF HIGH-QUALITY STEM LEARNING FOR CHICAGO'S YOUTH THROUGH PARTNERSHIPS BETWEEN THE IN- AND OUT-OF-SCHOOL TIME SECTOR, AS WELL AS DEEP SUPPORT FROM STAKEHOLDERS INVOLVED IN CHICAGO'S STEM LEARNING LANDSCAPE.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0ENVIRONMENTAL ADVENTURERS (EA) EA IS AIMED AT ENGAGING DIVERSE, URBAN YOUTH IN THE ENVIRONMENTAL SCIENCES, BIOLOGY, ANATOMY, AND ZOOLOGY SUBJECTS TO DEVELOP SKILLS IN RESEARCH IN A MEANINGFUL AND HANDS-ON WAY. THE PARTICIPANTS INVOLVED IN THE PROGRAM WILL DO REAL SCIENTIFIC AND ENVIRONMENTAL WORK WITH OTHER PARTICIPANTS WHILE LEARNING HOW TO DEVELOP A RESEARCH QUESTION TO UNDERSTAND THE IMPORTANCE OF OUR ENVIRONMENT. SCHOOL-BASED PROGRAMS - SCHOOL-BASED PROGRAMS ARE DESIGNED TO PROVIDE STEM PROGRAMMING FOR STUDENTS AT THEIR HOME SCHOOL. PROJECT EXPLORATION HAS IDENTIFIED COMMUNITIES WITHIN THE WEST AND NEAR WEST SIDE, FAR SOUTH, SOUTH, AND SOUTHWEST SIDE OF CHICAGO AS PROGRAM SERVICE AREAS. THESE COMMUNITIES REFLECT AREAS THAT HAVE LIMITED TO NO ROBUST STEM LEARNING OPPORTUNITIES. PE PARTNERS WITH LOCAL COMMUNITY-BASED ORGANIZATIONS OR WORKS DIRECTLY WITH CPS TO DETERMINE WHICH SCHOOLS TO SERVE. PE COLLABORATES WITH SCHOOL ADMINISTRATORS AND TEACHERS TO DETERMINE WHICH PROGRAMS TO OFFER. PLACE-BASED PROGRAMS - PLACE-BASED PROGRAMS ARE DESIGNED TO PROVIDE STEM PROGRAMMING WITHIN A GEOGRAPHIC AREA AND SERVE AS A COMMUNITY STEM HUB. PROJECT EXPLORATION HAS TWO PLACE-BASED LOCATIONS. THE WEST SIDE STEM LEARNING CENTERS AT THE GEORGE LELAND ELEMENTARY SCHOOL CAMPUS WAS LAUNCHED IN 2017. IN 2021, PE LAUNCHED A SECOND PARTNERSHIP WITH BETHEL NEW LIFE TO CREATE ANOTHER PLACE-BASED STEM LEARNING CENTER. EACH AIMS TO AMPLIFY THE VALUE OF STEM LEARNING IN THE COMMUNITY, STRENGTHEN COMMUNITY COHESION THROUGH FAMILY PROGRAMMING, AND BRING CITYWIDE STEM RESOURCES AND PROGRAMS TO THE LOCAL COMMUNITY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROJECT EXPLORATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THERE WAS NO UNRELATED BUSINESS INCOME NOR UNRECOGNIZED TAX BENEFITS FOR THE YEAR ENDED AUGUST 31, 2023. EACH OF THE ORGANIZATION'S PRIOR THREE YEARS REMAINS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. BASED ON THE EVALUATION OF THE ORGANIZATION 'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED AUGUST 31, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN NEEDED TO AMENDED DUE TO CHANGES IN AUDIT REPORT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROJECT EXPLORATION CREATES TRANSFORMATIVE LEARNING OPPORTUNITIES FOR YOUTH UNDERREPRESENTED IN THE SCIENCES -- PARTICULARLY STUDENTS OF COLOR AND GIRLS -- BY EQUIPPING THEM WITH THE SKILLS, PRACTICES, AND MINDSET NEEDED FOR A LIFELONG PURSUIT OF LEARNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ENVIRONMENTAL ADVENTURERS (EA) EA IS AIMED AT ENGAGING DIVERSE, URBAN YOUTH IN THE ENVIRONMENTAL SCIENCES, BIOLOGY, ANATOMY, AND ZOOLOGY SUBJECTS TO DEVELOP SKILLS IN RESEARCH IN A MEANINGFUL AND HANDS-ON WAY. THE PARTICIPANTS INVOLVED IN THE PROGRAM WILL DO REAL SCIENTIFIC AND ENVIRONMENTAL WORK WITH OTHER PARTICIPANTS WHILE LEARNING HOW TO DEVELOP A RESEARCH QUESTION TO UNDERSTAND THE IMPORTANCE OF OUR ENVIRONMENT. SCHOOL-BASED PROGRAMS - SCHOOL-BASED PROGRAMS ARE DESIGNED TO PROVIDE STEM PROGRAMMING FOR STUDENTS AT THEIR HOME SCHOOL. PROJECT EXPLORATION HAS IDENTIFIED COMMUNITIES WITHIN THE WEST AND NEAR WEST SIDE, FAR SOUTH, SOUTH, AND SOUTHWEST SIDE OF CHICAGO AS PROGRAM SERVICE AREAS. THESE COMMUNITIES REFLECT AREAS THAT HAVE LIMITED TO NO ROBUST STEM LEARNING OPPORTUNITIES. PE PARTNERS WITH LOCAL COMMUNITY-BASED ORGANIZATIONS OR WORKS DIRECTLY WITH CPS TO DETERMINE WHICH SCHOOLS TO SERVE. PE COLLABORATES WITH SCHOOL ADMINISTRATORS AND TEACHERS TO DETERMINE WHICH PROGRAMS TO OFFER. PLACE-BASED PROGRAMS - PLACE-BASED PROGRAMS ARE DESIGNED TO PROVIDE STEM PROGRAMMING WITHIN A GEOGRAPHIC AREA AND SERVE AS A COMMUNITY STEM HUB. PROJECT EXPLORATION HAS TWO PLACE-BASED LOCATIONS. THE WEST SIDE STEM LEARNING CENTERS AT THE GEORGE LELAND ELEMENTARY SCHOOL CAMPUS WAS LAUNCHED IN 2017. IN 2021, PE LAUNCHED A SECOND PARTNERSHIP WITH BETHEL NEW LIFE TO CREATE ANOTHER PLACE-BASED STEM LEARNING CENTER. EACH AIMS TO AMPLIFY THE VALUE OF STEM LEARNING IN THE COMMUNITY, STRENGTHEN COMMUNITY COHESION THROUGH FAMILY PROGRAMMING, AND BRING CITYWIDE STEM RESOURCES AND PROGRAMS TO THE LOCAL COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BYLAWS WERE AMENDED ON 8/16/23 TO CHANGE THE SIZE OF THE BOARD OF DIRECTORS TO RANGE FROM 8 TO 13.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 RETURN WAS NOT SENT TO ALL BOARD MEMBERS. THE RETURN HAS BEEN SENT TO CHAIR, TREASURER, ONE OR MORE ADDITIONAL BOARD MEMBERS WITH ACCOUNTING OR TAX EXPERTISE, AND OUTSIDE LEGAL COUNSEL FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERS REQUIRED TO DISCLOSE ANY CONFLICTS AND FILL OUT CONFLICTS OF INTEREST FORM ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UTILIZED PUBLICLY AVAILABLE SURVEYS TO DETERMINE COMPARABLE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TO THE EXTENT REQUIRED BY LAW, GOVERNING DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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