Civic Intelligence

Project Transformation National

990 • Fiscal year 2022 • EIN 47-4329954

Sep 01, 2021 to Aug 31, 2022 • Filed on Jun 20, 2023

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

50th percentile

0.02x

Higher debt load relative to assets than 50% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

44th percentile

0.01x

Higher debt load relative to revenue than 44% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

91st percentile

$119,027

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 18.9% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

83rd percentile

37%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

44%

Faster revenue growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$411,975

Up $111,371 (+37%) from 2021

Net Assets

Up

$404,627

Up $111,334 (+38%) from 2021

Liabilities

Up

$7,348

Up $37 (+0.5%) from 2021

Revenue

Up

$629,541

Up $191,413 (+44%) from 2021

Expenses

Up

$518,207

Up $88,231 (+21%) from 2021

Net Income

Up

$111,334

Up $103,182 (+1266%) from 2021

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

2022

Assets$411,975
Liabilities$7,348
Net Assets$404,627

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

2022

Revenue$629,541
Expenses$518,207
Net Income$111,334
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jun 20, 2023
Return Version
2021v4.2
Gross Receipts
$629,541
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$231,945$252,665▲ $20,720
Cash and Non-Interest-Bearing Accounts$58,756$98,963▲ $40,207
Intangible Assets-$50,000-
Accounts Receivable$1,256$9,450▲ $8,194
Prepaid Expenses and Deferred Charges$5,965--
Land, Buildings, and Equipment, Net$2,682$897▼ $1,785
Total Assets$300,604$411,975▲ $111,371
Liabilities
Accounts Payable and Accrued Expenses$7,311$7,348▲ $37
Total Liabilities$7,311$7,348▲ $37
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$290,514$404,627▲ $114,113
Net Assets With Donor Restrictions$2,779--
Total Net Assets Fund Balance$293,293$404,627▲ $111,334
Total Liabilities and Net Assets / Fund Balance$300,604$411,975▲ $111,371

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$897$11,603$12,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric LindhChief Executive OfficerFT$100,500$18,527$119,027

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$576,958
Program Service Revenue
$51,864
Investment Income
$719
Other Revenue
$0
All Other Contributions
$524,789
Change in Net Assets
$111,334

Audited Revenue Reconciliation

Revenue per Audited Statements
$629,541
Total Revenue per Audited Statements
$629,541
Total Revenue per Form 990
$629,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$308,713
Total Fundraising Expense$111,348
Other Expenses$90,781
Professional Fundraising Fees$68,713
Grants and Similar Amounts Paid$50,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$146,500--$146,500
Current Officers, Directors, Trustees, and Key Employees$69,345$11,055$20,100$100,500
Fees for Services Professional Fundraising--$68,713$68,713
Grants to Domestic Orgs$50,000--$50,000
Other Employee Benefits$29,110$4,641$8,438$42,189
Fees for Services Other$22,304-$1,173$23,477
Travel$21,983-$851$22,834
Payroll Taxes$13,588$2,106$3,830$19,524
Conferences and Meetings$14,226--$14,226
Fees for Services Accounting-$7,298-$7,298
Occupancy$5,500$393$654$6,547
Information Technology$2,833-$2,834$5,667
Other Expenses-$71$3,077$3,148
Office Expenses-$2,487-$2,487
Depreciation Depletion$1,499$107$179$1,785
Insurance-$1,487-$1,487
Total Functional Expenses$376,888$29,971$111,348$518,207

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$518,207
Total Expenses per Audited Statements$518,207
Total Expenses per Form 990$518,207
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Project Transformation North TexasDallas, TX501c3Chapter Grant$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$68,713
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
Phone
4695132590
Signed
2023-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Lindh
Formed
2015
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
12

Preparer

Firm
Owens & Thurman PC
Address
3112 Sanctuary Drive, Cedar Hill, TX 75104-4500
Preparer
Diccy Thurman CPA
Phone
2149412361
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IRS990/Desc0PT National supported a network of nine affiliated chapters in Arkansas, Central Texas, Indiana, North Georgia, North Texas, Oklahoma, South Rio Texas, Tennessee, and Washington DC. PTs newest chapter in Arkansas hosted its first summer program in Pine Bluff. CHILDREN 1,155 children and youth participated in PTs summer programs, reading 410,323 minutes with volunteers, resulting in 93 of the children maintaining or improving their reading levels. 6,390 books were distributed to children for at-home libraries. YOUNG ADULTS 205 young adults served 47,792 hours. CHURCHES 31 churches hosted PTs summer camps with 231 partnering churches and organizations and 1,839 volunteers serving with PT.
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IRS990/OtherExpensesGrp/TotalAmt13148
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0146500
IRS990/OtherSalariesAndWagesGrp/TotalAmt0146500
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03830
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02106
IRS990/PayrollTaxesGrp/ProgramServicesAmt013588
IRS990/PayrollTaxesGrp/TotalAmt019524
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05965
IRS990/PrincipalOfficerNm0Eric Lindh
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/Desc0Chapter affiliation dues
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt051864
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt051864
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0378784
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt068160
IRS990/PYInvestmentIncomeAmt0728
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt059506
IRS990/PYOtherRevenueAmt08358
IRS990/PYProgramServiceRevenueAmt050258
IRS990/PYRevenuesLessExpensesAmt08152
IRS990/PYSalariesCompEmpBnftPaidAmt0279162
IRS990/PYTotalExpensesAmt0429976
IRS990/PYTotalProfFndrsngExpnsAmt023148
IRS990/PYTotalRevenueAmt0438128
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0111334
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt051864
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0231945
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0252665
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0576958
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0378784
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0416274
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0492313
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0830007
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02694336
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0719
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0728
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03956
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06427
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01654
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013484
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt08358
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08358
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92320
IRS990ScheduleA/PublicSupportPY170Pct00.99220
IRS990ScheduleA/PublicSupportTotal170Amt02507630
IRS990ScheduleA/SubstantialContributorsTotAmt0186706
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0576958
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0378784
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0416274
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0492313
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0830007
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02694336
IRS990ScheduleA/TotalSupportAmt02716178
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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0897
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011603
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012500
IRS990ScheduleD/ExpensesSubtotalAmt0518207
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Funds held for chapters under fiscal sponsorship agreements
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0629541
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0897
IRS990ScheduleD/TotalExpensesPerForm990Amt0518207
IRS990ScheduleD/TotalRevenuePerForm990Amt0629541
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0629541
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0518207
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Wise Resource Development LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt068713
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0PO Box 11936
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Carrollton
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd075011
IRS990ScheduleG/TotalRetainedByContractorsAmt068713
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Chapter Grant
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Project Transformation North Texas
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04024 Caruth Boulevard
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Dallas
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075224
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Book
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grants are made for start up, program expansion, and in support of specific chapter needs. Each grantee is required to report programmatic and financial results annually. The funds are monitored by oversight and assistance of the CEO of Project Transformation National.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0This 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Project 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for the CEO is reviewed and approved by the Board of Directors. The CEO approves compensation for all other staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Project Transformation National will make its governing documents, conflict of interest policy, and financial statements available to the public upon request.
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/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false

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