Civic Intelligence

Project Transformation National

990 • Fiscal year 2021 • EIN 47-4329954

Sep 01, 2020 to Aug 31, 2021 • Filed on Jun 21, 2022

4024 Caruth BoulevardDallas, TX 75225

(469) 513-2590

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

0.02x

Higher debt load relative to revenue than 67% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

40th percentile

1.9%

Higher net margin than 40% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$122,020

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 27.9% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

47th percentile

3.5%

Faster asset growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

41st percentile

-5.3%

Faster revenue growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$300,604

Up $10,192 (+3.5%) from 2020

Net Assets

Up

$293,293

Up $8,152 (+2.9%) from 2020

Liabilities

Up

$7,311

Up $2,040 (+39%) from 2020

Revenue

Down

$438,128

Down $24,649 (-5.3%) from 2020

Expenses

Down

$429,976

Down $295,967 (-41%) from 2020

Net Income

Up

$8,152

Up $271,318 (+103%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $264,534Liabilities 2016: $50,170Net Assets 2016: $214,3642016Assets 2017: $586,784Liabilities 2017: $60,461Net Assets 2017: $526,3232017Assets 2018: $777,454Liabilities 2018: $82,684Net Assets 2018: $694,7702018Assets 2020: $290,412Liabilities 2020: $5,271Net Assets 2020: $285,1412020Assets 2021: $300,604Liabilities 2021: $7,311Net Assets 2021: $293,2932021Assets 2022: $411,975Liabilities 2022: $7,348Net Assets 2022: $404,6272022Assets 2025: $3,241,050Liabilities 2025: $61,529Net Assets 2025: $3,179,5212025

Highlighted filing

2021

Assets$300,604
Liabilities$7,311
Net Assets$293,293

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $353,208Expenses 2016: $324,727Net Income 2016: $28,4812016Revenue 2017: $689,334Expenses 2017: $377,375Net Income 2017: $311,9592017Revenue 2018: $831,661Expenses 2018: $663,214Net Income 2018: $168,4472018Revenue 2020: $462,777Expenses 2020: $725,943Net Income 2020: -$263,1662020Revenue 2021: $438,128Expenses 2021: $429,976Net Income 2021: $8,1522021Revenue 2022: $629,541Expenses 2022: $518,207Net Income 2022: $111,3342022Revenue 2025: $4,724,167Expenses 2025: $1,862,852Net Income 2025: $2,861,3152025

Highlighted filing

2021

Revenue$438,128
Expenses$429,976
Net Income$8,152
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jun 21, 2022
Return Version
2020v4.2
Gross Receipts
$438,128
Mission and Program Overview

Mission

Project Transformations mission is to transform communities by engaging children, college-age young adults, and churches in purposeful relationships. We envision a world that is rooted in love, pursues the equity of all people, and amplifies Gods call on every life.

Project Transformation National was founded to strengthen and replicate Project Transformations model of ministry in new places. It works through local chapters that are independent non-profit organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$236,217$231,945▼ $4,272
Cash and Non-Interest-Bearing Accounts$49,515$58,756▲ $9,241
Prepaid Expenses and Deferred Charges-$5,965-
Land, Buildings, and Equipment, Net$4,467$2,682▼ $1,785
Accounts Receivable$213$1,256▲ $1,043
Total Assets$290,412$300,604▲ $10,192
Liabilities
Accounts Payable and Accrued Expenses$4,506$7,311▲ $2,805
Other Liabilities$765--
Total Liabilities$5,271$7,311▲ $2,040
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$262,929$290,514▲ $27,585
Net Assets With Donor Restrictions$22,212$2,779▼ $19,433
Total Net Assets Fund Balance$285,141$293,293▲ $8,152
Total Liabilities and Net Assets / Fund Balance$290,412$300,604▲ $10,192

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,682$9,818$12,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric LindhChief Executive OfficerFT$105,525$16,495$122,020

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$378,784
Program Service Revenue
$50,258
Investment Income
$728
Other Revenue
$8,358
All Other Contributions
$321,320
Change in Net Assets
$8,152

Audited Revenue Reconciliation

Revenue per Audited Statements
$435,968
Revenue Not Reported on Financial Statements
$2,160
Other Revenue Adjustments
$2,160
Total Revenue per Audited Statements
$435,968
Total Revenue per Form 990
$438,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$279,162
Grants and Similar Amounts Paid$68,160
Total Fundraising Expense$65,650
Other Expenses$59,506
Professional Fundraising Fees$23,148

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$120,573--$120,573
Current Officers, Directors, Trustees, and Key Employees$70,702$12,663$22,160$105,525
Grants to Domestic Orgs$68,160--$68,160
Other Employee Benefits$19,276$3,453$6,042$28,771
Conferences and Meetings$26,365--$26,365
Fees for Services Professional Fundraising--$23,148$23,148
Payroll Taxes$11,935$2,129$3,725$17,789
Occupancy$5,485$474$812$6,771
Pension Plan Contributions$4,358$780$1,366$6,504
Fees for Services Accounting-$5,630-$5,630
Information Technology$2,441-$2,440$4,881
Travel$1,013-$3,386$4,399
Fees for Services Other$2,494-$1,537$4,031
Office Expenses-$2,352$129$2,481
Depreciation Depletion$1,446$125$214$1,785
Insurance-$1,207-$1,207
Fees for Services Legal-$950-$950
Other Expenses$257$12$610$622
Total Functional Expenses$334,505$29,821$65,650$429,976

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$429,976
Expenses per Audited Statements$427,816
Total Expenses per Audited Statements$427,816
Expenses Not Reported on Financial Statements$2,160
Other Expense Adjustments$2,160
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Project Transformation North TexasDallas, TX501c3Chapter grant$50,000
Project Transformation Central TexasFort Worth, TX501c3Chapter grant$16,000
Project Arkansas United Methodist ConfLittle Rock, AR501c3Fiscal sponsorship grant$2,000
Project Transformation North GeorgiaStone Mountain, GA501c3Fiscal sponsorship grant$160
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$23,148
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Funds held for chapters under fiscal sponsorship agreements-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

This Form 990 was prepared by the independent CPA after completion of the annual audit and reviewed by the Chief Executive Officer. A complete copy was provided to all members of the governing body prior to filing.

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

Project Transformation National regularly and consistently monitors and enforces compliance with its written conflict of interest policy by requiring annual certification/disclosure by each member of the governing body.

Form 990, Part VI, Section B, Line 15

Compensation for the CEO is reviewed and approved by the Board of Directors. The CEO approves compensation for all other staff.

Form 990, Part VI, Section C, Line 19

Project Transformation National will make its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Project Transformation National
EIN
47-4329954
Phone
4695132590
Address
4024 CARUTH BOULEVARD, Dallas, TX 75225

Signing Officer

Name
Eric Lindh
Title
CEO
Signed
2022-06-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Lindh CEO
Formed
2015
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
10

Preparer

Firm
Owens & Thurman PC
Address
3112 Sanctuary Drive, Cedar Hill, TX 75104-4500
Preparer
Diccy P Thurman
Phone
2149412361
Supplemental Narrative

Financial Statement Notes

XI 4B

Contributions received for chapters under fiscal sponsorship agreements.

XII 4B

Contributions remitted to chapters under fiscal sponsorship agreements.

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IRS990/Desc0Despite the challenges presented by COVID-19 Project Transformation chapters persisted to bring school-age children valuable summer programming. With learning gaps increasing across the country due to the pandemic, these opportunities to increase literacy and social-emotional skills are more important than ever. PT National supported a network of eight affiliated chapters in Central Texas, Indiana, North Texas, Oklahoma, South Rio Texas, Tennessee, North Georgia, and Washington DC. CHILDREN 977 children and youth participated in PTs summer programs. 17,970 books were distributed to students for at-home libraries 59,809 healthy meals were served, and 9,842 books were read. COLLEGE-AGE YOUNG ADULTS 172 interns served 65,348 hours. Over 50 indicated interest in continuing Christian leadership. CHURCHES 33 churches hosted PTs summer camps with 153 partner churches and organizations and 1,105 volunteers serving with PT.
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0120573
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt03725
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02129
IRS990/PayrollTaxesGrp/ProgramServicesAmt011935
IRS990/PayrollTaxesGrp/TotalAmt017789
IRS990/PensionPlanContributionsGrp/FundraisingAmt01366
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0780
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04358
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05965
IRS990/PrincipalOfficerNm0Eric Lindh CEO
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IRS990/PYOtherExpensesAmt0331610
IRS990/PYProgramServiceRevenueAmt042547
IRS990/PYRevenuesLessExpensesAmt0-263166
IRS990/PYSalariesCompEmpBnftPaidAmt0272349
IRS990/PYTotalExpensesAmt0725943
IRS990/PYTotalProfFndrsngExpnsAmt02531
IRS990/PYTotalRevenueAmt0462777
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IRS990/RevenueAmt050258
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0236217
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0378784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0416274
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0492313
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0830007
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0688375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02805753
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0728
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03956
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06427
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01654
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0959
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013724
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0134842
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IRS990ScheduleA/PublicSupportPY170Pct00.99510
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt09818
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IRS990ScheduleD/ExpensesSubtotalAmt0427816
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Funds held for chapters under fiscal sponsorship agreements
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02160
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleD/RevenueSubtotalAmt0435968
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Contributions received for chapters under fiscal sponsorship agreements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Contributions remitted to chapters under fiscal sponsorship agreements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 4b
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IRS990ScheduleD/TotalExpensesPerForm990Amt0429976
IRS990ScheduleD/TotalRevenuePerForm990Amt0438128
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IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Wise Resource Development LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt023148
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0PO Box 11936
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Carrollton
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0TX
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IRS990ScheduleI/RecipientTable/CashGrantAmt050000
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IRS990ScheduleI/RecipientTable/CashGrantAmt2160
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Chapter grant
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Fiscal sponsorship grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Project Transformation North Texas
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Project Transformation Central Texas
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Project Transformation North Georgia
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Project Arkansas United Methodist Conf
IRS990ScheduleI/RecipientTable/RecipientEIN0752930405
IRS990ScheduleI/RecipientTable/RecipientEIN1750851211
IRS990ScheduleI/RecipientTable/RecipientEIN2831676680
IRS990ScheduleI/RecipientTable/RecipientEIN3874238638
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04024 Caruth Blvd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11310 S Collard Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt25312 W Mountain Street

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