Civic Intelligence

Project Feast

990 • Fiscal year 2022 • EIN 46-2005131

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 03, 2023

202 W Gowe StKent, WA 98032

(206) 236-5297

Siviq Scores

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

Liabilities / Assets

78th percentile

0.08x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

67th percentile

17%

Higher net margin than 67% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

97th percentile

$78,030

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

88th percentile

72%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

64th percentile

29%

Faster revenue growth than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$193,277

Up $80,713 (+72%) from 2021

Net Assets

Up

$178,001

Up $77,527 (+77%) from 2021

Liabilities

Up

$15,276

Up $3,186 (+26%) from 2021

Revenue

Up

$453,768

Up $103,305 (+29%) from 2021

Expenses

Up

$376,241

Up $106,925 (+40%) from 2021

Net Income

Down

$77,527

Down $3,620 (-4.5%) from 2021

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2014: $31,909Liabilities 2014: $9,302Net Assets 2014: $22,6072014Assets 2015: $9,853Liabilities 2015: $5,474Net Assets 2015: $4,3792015Assets 2016: $51,806Liabilities 2016: $3,319Net Assets 2016: $48,4872016Assets 2017: $75,612Liabilities 2017: $10,493Net Assets 2017: $65,1192017Assets 2018: $56,443Liabilities 2018: $4,949Net Assets 2018: $51,4942018Assets 2019: $57,801Liabilities 2019: $12,189Net Assets 2019: $45,6122019Assets 2020: $58,404Liabilities 2020: $39,077Net Assets 2020: $19,3272020Assets 2021: $112,564Liabilities 2021: $12,090Net Assets 2021: $100,4742021Assets 2022: $193,277Liabilities 2022: $15,276Net Assets 2022: $178,0012022Assets 2023: $249,011Liabilities 2023: $13,021Net Assets 2023: $235,9902023Assets 2024: $151,556Liabilities 2024: $24,520Net Assets 2024: $127,0362024

Highlighted filing

2022

Assets$193,277
Liabilities$15,276
Net Assets$178,001

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $95,136Expenses 2014: $101,348Net Income 2014: -$6,2122014Revenue 2015: $121,719Expenses 2015: $139,948Net Income 2015: -$18,2292015Revenue 2016: $122,807Expenses 2016: $78,697Net Income 2016: $44,1102016Revenue 2017: $249,598Expenses 2017: $232,966Net Income 2017: $16,6322017Revenue 2018: $188,207Expenses 2018: $201,832Net Income 2018: -$13,6252018Revenue 2019: $235,519Expenses 2019: $241,401Net Income 2019: -$5,8822019Revenue 2020: $257,300Expenses 2020: $283,585Net Income 2020: -$26,2852020Revenue 2021: $350,463Expenses 2021: $269,316Net Income 2021: $81,1472021Revenue 2022: $453,768Expenses 2022: $376,241Net Income 2022: $77,5272022Revenue 2023: $481,441Expenses 2023: $423,452Net Income 2023: $57,9892023Revenue 2024: $349,851Expenses 2024: $458,805Net Income 2024: -$108,9542024

Highlighted filing

2022

Revenue$453,768
Expenses$376,241
Net Income$77,527
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 3, 2023
Return Version
2022v4.1
Gross Receipts
$462,195
Mission and Program Overview

Mission

To transform the lives of refugees and immigrants by providing pathways to sustainable employment in the food industry and to enrich our community through exploring ethnic culture, and cuisine.

To transform the lives of refugees and immigrants by providing pathways to sustainable employment in the food industry and to enrich our community through exploring ethnic culture and cuisine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,743$83,460▲ $24,717
Savings and Temporary Cash Investments$50,076$75,128▲ $25,052
Land, Buildings, and Equipment, Net$2,595$33,539▲ $30,944
Total Assets$112,564$193,277▲ $80,713
Other Assets Total$1,150$1,150→ $0
Liabilities
Accounts Payable and Accrued Expenses$12,090$15,276▲ $3,186
Total Liabilities$12,090$15,276▲ $3,186
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,474$173,552▲ $73,078
Net Assets With Donor Restrictions-$4,449-
Total Net Assets Fund Balance$100,474$178,001▲ $77,527
Total Liabilities and Net Assets / Fund Balance$112,564$193,277▲ $80,713

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$23,050$3,702$26,752
Equipment$10,489$10,810$21,299
Land$0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Khanh-Van NguyenExecutive DirectorFT$73,830$4,200$78,030
Revenue and Support

Revenue Composition

Contributions and Grants
$408,320
Program Service Revenue
$47,757
Investment Income
$102
Other Revenue
$-2,411
All Other Contributions
$382,577
Change in Net Assets
$77,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$237,107
Other Expenses$135,134
Total Fundraising Expense$12,795
Grants and Similar Amounts Paid$4,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$125,913$0$0$125,913
Current Officers, Directors, Trustees, and Key Employees$46,818$19,508$11,704$78,030
Other Expenses$27,900$0$0$27,900
Occupancy$20,388$0$0$20,388
Payroll Taxes$17,305$1,818$1,091$20,214
Other Employee Benefits$12,950$0$0$12,950
Fees for Services Accounting$0$9,754$0$9,754
Office Expenses$4,705$2,526$0$7,231
Depreciation Depletion$5,091$0$0$5,091
Grants to Domestic Individuals$4,000--$4,000
Insurance$0$3,532$0$3,532
Information Technology$0$2,551$0$2,551
Fees for Services Other$1,340$0$0$1,340
Travel$610$0$0$610
Advertising$485$0$0$485
Conferences and Meetings$0$286$0$286
Total Functional Expenses$323,471$39,975$12,795$376,241
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$8,427
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Feast for Change$25,743$0$718$-718
Total Events$25,743$0$8,427$-8,427
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Filing and Contact Details

Filer

Filer Name
Project Feast
EIN
46-2005131
Phone
2062365297
Address
202 W Gowe St, Kent, WA 98032

Signing Officer

Name
Van Nguyen
Title
Executive Director
Phone
2062365297
Signed
2023-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Van Nguyen
Formed
2013
Legal Domicile
Wa
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
4

Preparer

Firm
Gregory S Parry CPA
Address
2715 Mayfair Ave N, Seattle, WA 98109
Preparer
Gregory S Parry CPA
Phone
2062837397
Supplemental Narrative

Additional Explanations

Other

Form 990, Part III, Line 4a, Program Service Accomplishments:

Other

I. The organization continued our 400-hour culinary skills apprenticeship training program at our commercial kitchen in Kent, WA. We accepted refugees and immigrants from low-income backgrounds who are passionate about cooking and want to pursue a career in the food industry. Once they complete the program, they receive continuing education credits from Highline College, which can be converted to academic credits if they choose to enroll in the college in the future. In 2022, the Organization provided training services to 7 refugees: 1 from Somalia and 6 from Afghanistan. The group of 6 from Afghanistan was a new project to provide training to recently resettled Afghan women refugees. All of these women had been in the U.S. less than a year when they started the training program. As part of this project, the Organization is committed to training a total of 15 women by September 2023. All apprentices collaborated with staff on our Family Meals takeout program as well as on menu planning for our food assistance program, Community Meals. The organization also partnered with 5 immigrant entrepreneurs, 2 of whom were alumni of our training program, to support their growing food business by renting out our commercial kitchen at a discounted rate.

Other

II. The Organization continued their food assistance program launched in 2020, in response to the COVID-19 pandemics. These Community Meals are nutritious, culturally appropriate meals, prepared from scratch by staff and apprentices in the Organization's training program. These meals are delivered to partners who provide direct services to food-insecure families in South King County. In 2022, the organization prepared over 13,000 meals.

Pt VI, Line 11B

The Form 990 is distributed to the Board for review prior to filing.

Pt VI, Line 12C

When there has been a potential conflict of interest, the Board member in question is expected to declare the conflict of interest and is recused from voting on the matter.

Pt VI, Line 15A

The Executive Director's compensation is determined, approved, and documented by the Board.

Pt VI, Line 19

Governing documents, conflict of interest policy, and financial statement are available to the public upon request.

Pt XII, Line 1

The Organization uses a Hybrid method of accounting in which payroll and sales tax liabilities are accrued, and all other revenues and expenses are recorded on the cash basis.

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarship
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The scholarships are given at the beginning of each month of the training program. Receiving the scholarship funds and staying in the program will depend on progress. To assess this, the Organization obtains feedback from the Program Coordinator and other staff. Recipients are encouraged to maintain regular and timely attendance and fully participate in the skills training and practice.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part III, Line 4a, Program Service Accomplishments:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1I. The organization continued our 400-hour culinary skills apprenticeship training program at our commercial kitchen in Kent, WA. We accepted refugees and immigrants from low-income backgrounds who are passionate about cooking and want to pursue a career in the food industry. Once they complete the program, they receive continuing education credits from Highline College, which can be converted to academic credits if they choose to enroll in the college in the future. In 2022, the Organization provided training services to 7 refugees: 1 from Somalia and 6 from Afghanistan. The group of 6 from Afghanistan was a new project to provide training to recently resettled Afghan women refugees. All of these women had been in the U.S. less than a year when they started the training program. As part of this project, the Organization is committed to training a total of 15 women by September 2023. All apprentices collaborated with staff on our Family Meals takeout program as well as on menu planning for our food assistance program, Community Meals. The organization also partnered with 5 immigrant entrepreneurs, 2 of whom were alumni of our training program, to support their growing food business by renting out our commercial kitchen at a discounted rate.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2II. The Organization continued their food assistance program launched in 2020, in response to the COVID-19 pandemics. These Community Meals are nutritious, culturally appropriate meals, prepared from scratch by staff and apprentices in the Organization's training program. These meals are delivered to partners who provide direct services to food-insecure families in South King County. In 2022, the organization prepared over 13,000 meals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is distributed to the Board for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4When there has been a potential conflict of interest, the Board member in question is expected to declare the conflict of interest and is recused from voting on the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Executive Director's compensation is determined, approved, and documented by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Governing documents, conflict of interest policy, and financial statement are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Organization uses a Hybrid method of accounting in which payroll and sales tax liabilities are accrued, and all other revenues and expenses are recorded on the cash basis.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt XII, Line 1
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