Civic Intelligence

Project Reap

990 • Fiscal year 2020 • EIN 52-2291039

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 30, 2021

Organization ProfileProjectREAP.org
54 West 40th StreetNew York, NY 10018

(646) 728-3496

Siviq Scores

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

Liabilities / Assets

45th percentile

0.03x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

44th percentile

0.03x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

84th percentile

56%

Faster asset growth than 84% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

16%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$609,042

Up $218,687 (+56%) from 2019

Net Assets

Up

$592,295

Up $206,009 (+53%) from 2019

Liabilities

Up

$16,747

Up $12,678 (+312%) from 2019

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin85th percentile

Revenue

Up

$538,557

Up $73,935 (+16%) from 2019

Expenses

Down

$332,548

Down $228,432 (-41%) from 2019

Net Income

Up

$206,009

Up $302,367 (+314%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$800K$600K$400K$200K$0Assets 2011: $309,009Liabilities 2011: $0Net Assets 2011: $309,0092011Assets 2012: $406,644Liabilities 2012: $02012Assets 2013: $468,156Liabilities 2013: $9,875Net Assets 2013: $458,2812013Assets 2014: $613,652Liabilities 2014: $50,644Net Assets 2014: $563,0082014Assets 2015: $679,051Liabilities 2015: $25,265Net Assets 2015: $653,7862015Assets 2016: $746,765Liabilities 2016: $35,078Net Assets 2016: $711,6872016Assets 2017: $709,876Liabilities 2017: $44,803Net Assets 2017: $665,0732017Assets 2018: $534,490Liabilities 2018: $51,846Net Assets 2018: $482,6442018Assets 2019: $390,355Liabilities 2019: $4,069Net Assets 2019: $386,2862019Assets 2020: $609,042Liabilities 2020: $16,747Net Assets 2020: $592,2952020Assets 2021: $728,604Liabilities 2021: $25,877Net Assets 2021: $702,7272021Assets 2022: $777,300Liabilities 2022: $12,022Net Assets 2022: $765,2782022Assets 2023: $735,116Liabilities 2023: $3,740Net Assets 2023: $731,3762023Assets 2024: $653,369Liabilities 2024: $9,018Net Assets 2024: $644,3512024

Highlighted filing

2020

Assets$609,042
Liabilities$16,747
Net Assets$592,295
Open 2020 Filing

Operations Trend

Revenue Growth71st percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $228,342Expenses 2011: $75,544Net Income 2011: $152,7982011Revenue 2012: $191,120Expenses 2012: $93,485Net Income 2012: $97,6352012Revenue 2013: $200,518Expenses 2013: $148,881Net Income 2013: $51,6372013Revenue 2014: $352,049Expenses 2014: $247,322Net Income 2014: $104,7272014Revenue 2015: $317,074Expenses 2015: $226,296Net Income 2015: $90,7782015Revenue 2016: $323,989Expenses 2016: $266,088Net Income 2016: $57,9012016Revenue 2017: $282,418Expenses 2017: $329,032Net Income 2017: -$46,6142017Revenue 2018: $416,332Expenses 2018: $598,761Net Income 2018: -$182,4292018Revenue 2019: $464,622Expenses 2019: $560,980Net Income 2019: -$96,3582019Revenue 2020: $538,557Expenses 2020: $332,548Net Income 2020: $206,0092020Revenue 2021: $488,718Expenses 2021: $378,286Net Income 2021: $110,4322021Revenue 2022: $536,741Expenses 2022: $474,190Net Income 2022: $62,5512022Revenue 2023: $429,301Expenses 2023: $436,986Net Income 2023: -$7,6852023Revenue 2024: $284,675Expenses 2024: $371,700Net Income 2024: -$87,0252024

Highlighted filing

2020

Revenue$538,557
Expenses$332,548
Net Income$206,009
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 30, 2021
Return Version
2020v4.0
Gross Receipts
$538,557
Mission and Program Overview

Mission

Education & promotion of networking opportunities in real estate management for minorities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$143,530$375,549▲ $232,019
Savings and Temporary Cash Investments$201,891$202,093▲ $202
Pledges and Grants Receivable$36,054$22,520▼ $13,534
Prepaid Expenses and Deferred Charges$8,880$8,880→ $0
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$390,355$609,042▲ $218,687
Other Assets Total-$0-
Liabilities
Other Liabilities-$15,150-
Accounts Payable and Accrued Expenses$4,069$1,597▼ $2,472
Total Liabilities$4,069$16,747▲ $12,678
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$385,786$531,075▲ $145,289
Net Assets With Donor Restrictions$500$61,220▲ $60,720
Total Net Assets Fund Balance$386,286$592,295▲ $206,009
Total Liabilities and Net Assets / Fund Balance$390,355$609,042▲ $218,687
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
see list of unpaiddirectors
Revenue and Support

Revenue Composition

Contributions and Grants
$385,854
Program Service Revenue
$152,500
Investment Income
$203
Other Revenue
$0
All Other Contributions
$385,854
Change in Net Assets
$206,009
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$223,382
Other Expenses$109,166
Total Fundraising Expense$16,232
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$157,711$10,720$5,360$173,791
Other Employee Benefits$29,319$2,412$1,206$32,937
Occupancy$24,861$1,699$850$27,410
Payroll Taxes$12,455$847$423$13,725
All Other Expenses$9,278$1,508$1,409$12,195
Fees for Services Accounting-$9,948-$9,948
Other Expenses$7,501$513$256$8,270
Fees for Services Other$3,500$3,500-$7,000
Insurance$2,367$1,759$48$4,174
Pension Plan Contributions$2,490$293$146$2,929
Fees for Services Legal-$2,578-$2,578
Advertising--$2,169$2,169
Office Expenses$781$128$27$936
Conferences and Meetings$268$18$9$295
Travel$113--$113
Total Functional Expenses$276,063$40,253$16,232$332,548
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP loan$15,150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Completed copy of the 990 is made available to all board member for their review before filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“These documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Project Reap
EIN
52-2291039
Phone
6467283496
Address
54 West 40th Street, New York, NY 10018

Signing Officer

Name
G Lamont Blackstone
Title
Board Chairman
Signed
2021-04-30

Organization Details

Voting Board Members
15
Independent Board Members
15
Employees
2

Preparer

Firm
Michael J Cavanaugh PA
Address
5603 Oakmont Avenue, Bethesda, MD 20817
Preparer
Michael J Cavanaugh
Phone
3015649350
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Launched two 10-week educational/networking programs in Chicago and New York City that were halted due to the pandemic. Switched to providing some real estate education virtual webinars to that cohort of 60 students. Planned and executed a new 8-week virtual academy in the fall that incorporated the suspended Chicago and NYC classes and attracted another 120 students from throughout the U.S. Published annual newsletter to service the alumni community. Began publication of a monthly bulletin for alumni, sponsors, and other stakeholders. Issued a call to action to the commercial real estate industy to advance ideas for promoting diversity and inclusion. Joined SelectLeaders real estate job posting network. Forged relationships with 3 new sectors of the industry: healthcare, institutional asset mgmt, and life sciences real estate. Facilitated the attendance of several REAP alumni at Product Council meetings of the Urban Land Institute. Established a scholarship fund in honor of a deceased board member.
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IRS990/ProgSrvcAccomActy2Grp/Desc0In concert with 2 experts in the field of community development finance established a new initiative to facilitate the entry of minority professionals in that field. Marketed the program to REAP alumni and attracted over 200 applications for an initial cohort of 15 internships, which later expanded to 22. Arranged for funding of a coordinator and publicist to administer the program. Arranged for sponsorship support. Publicized the program to the industry.
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0328670
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0321630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0219950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0221530
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01477634
IRS990ScheduleA/TotalSupportAmt01481781
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP loan
IRS990ScheduleD/TotalLiabilityAmt015150
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Completed copy of the 990 is made available to all board member for their review before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1These documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0390355
IRS990/TotalAssetsEOYAmt0609042
IRS990/TotalAssetsGrp/BOYAmt0390355
IRS990/TotalAssetsGrp/EOYAmt0609042
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IRS990/TotalContributionsAmt0385854
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016232
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040253
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0276063
IRS990/TotalFunctionalExpensesGrp/TotalAmt0332548
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04069
IRS990/TotalLiabilitiesEOYAmt016747
IRS990/TotalLiabilitiesGrp/BOYAmt04069
IRS990/TotalLiabilitiesGrp/EOYAmt016747
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0386286
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0592295
IRS990/TotalProgramServiceExpensesAmt0276063
IRS990/TotalProgramServiceRevenueAmt0152500
IRS990/TotalRevenueGrp/ExclusionAmt0203
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0152500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0538557
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0609042
IRS990/TravelGrp/ProgramServicesAmt0113
IRS990/TravelGrp/TotalAmt0113
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt054 West 40th Street 614
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010018
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0ProjectREAP.org
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0G Lamont Blackstone
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Project Reap
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0522291039
ReturnHeader/Filer/PhoneNum06467283496
ReturnHeader/Filer/USAddress/AddressLine1Txt054 West 40th Street
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010018
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521268358
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Michael J Cavanaugh PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05603 Oakmont Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bethesda
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020817
ReturnHeader/PreparerPersonGrp/PhoneNum03015649350
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael J Cavanaugh
ReturnHeader/ReturnTs02021-04-30T11:16:52-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0G Lamont
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Blackstone
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$609,042
Liabilities
$16,747
Net assets
$592,295
Revenue
$538,557
Expenses
$332,548
Net income
$206,009
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.53$0.09$6.44$2.85$3.72$0.87
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.35$0.04$7.31$4.29$4.37$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.77$0.12$7.65$5.37$4.74$0.63
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$0.26$7.03$4.89$3.78$1.10
2020Detailed filing. Detailed filing data is available for this year.$6.09$0.17$5.92$5.39$3.33$2.06
2019Summary only. Only limited summary data is available for this year.$3.90$0.04$3.86$4.65$5.61$0.96
2018Summary only. Only limited summary data is available for this year.$5.34$0.52$4.83$4.16$5.99$1.82
2017Summary only. Only limited summary data is available for this year.$7.10$0.45$6.65$2.82$3.29$0.47
2016Summary only. Only limited summary data is available for this year.$7.47$0.35$7.12$3.24$2.66$0.58
2015Summary only. Only limited summary data is available for this year.$6.79$0.25$6.54$3.17$2.26$0.91
2014Summary only. Only limited summary data is available for this year.$6.14$0.51$5.63$3.52$2.47$1.05
2013Summary only. Only limited summary data is available for this year.$4.68$0.10$4.58$2.01$1.49$0.52
2012Summary only. Only limited summary data is available for this year.$4.07$0.00$1.91$0.93$0.98
2011Summary only. Only limited summary data is available for this year.$3.09$0.00$3.09$2.28$0.76$1.53