Civic Intelligence

Project Reap

990 • Fiscal year 2021 • EIN 52-2291039

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 11, 2022

Organization ProfileProjectREAP.org
54 West 40th Street 614New York, NY 10018

(646) 728-3496

Siviq Scores

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

Liabilities / Assets

54th percentile

0.04x

Higher debt load relative to assets than 54% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.05x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

65th percentile

23%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

65th percentile

20%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

24th percentile

-9.3%

Faster revenue growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$728,604

Up $119,562 (+20%) from 2020

Net Assets

Up

$702,727

Up $110,432 (+19%) from 2020

Liabilities

Up

$25,877

Up $9,130 (+55%) from 2020

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin65th percentile

Revenue

Down

$488,718

Down $49,839 (-9.3%) from 2020

Expenses

Up

$378,286

Up $45,738 (+14%) from 2020

Net Income

Down

$110,432

Down $95,577 (-46%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2021

Assets$728,604
Liabilities$25,877
Net Assets$702,727
Open 2021 Filing

Operations Trend

Revenue Growth24th 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

2021

Revenue$488,718
Expenses$378,286
Net Income$110,432
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 11, 2022
Return Version
2021v4.0
Gross Receipts
$488,718
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$375,549$490,791▲ $115,242
Savings and Temporary Cash Investments$202,093$202,295▲ $202
Pledges and Grants Receivable$22,520$26,638▲ $4,118
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$609,042$728,604▲ $119,562
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$15,150$15,150→ $0
Accounts Payable and Accrued Expenses$1,597$10,727▲ $9,130
Total Liabilities$16,747$25,877▲ $9,130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$531,075$597,482▲ $66,407
Net Assets With Donor Restrictions$61,220$105,245▲ $44,025
Total Net Assets Fund Balance$592,295$702,727▲ $110,432
Total Liabilities and Net Assets / Fund Balance$609,042$728,604▲ $119,562
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
see list of unpaiddirectors
Revenue and Support

Revenue Composition

Contributions and Grants
$330,302
Program Service Revenue
$158,214
Investment Income
$202
Other Revenue
$0
All Other Contributions
$330,302
Change in Net Assets
$110,432
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$270,264
Salaries, Compensation, and Employee Benefits$108,022
Total Fundraising Expense$51,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$80,702-$7,831$88,533
Fees for Services Other$22,000$11,000$22,000$55,000
Occupancy$33,109$3,895$1,947$38,951
All Other Expenses$14,234$78$1,090$15,402
Fees for Services Accounting-$12,565-$12,565
Other Expenses$4,171$4,170$4,170$12,511
Other Employee Benefits$10,157-$986$11,143
Advertising-$3,850$6,416$10,266
Payroll Taxes$6,878-$668$7,546
Insurance$1,717$1,662$70$3,449
Fees for Services Legal-$3,413-$3,413
Conferences and Meetings$2,303--$2,303
Pension Plan Contributions$729-$71$800
Travel$378--$378
Office Expenses-$214-$214
Total Functional Expenses$284,128$42,862$51,296$378,286
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-
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 614, New York, NY 10018

Signing Officer

Name
G Lamont Blackstone
Title
Board Chairman
Signed
2022-07-11

Organization Details

Voting Board Members
22
Independent Board Members
22
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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IRS990/Desc0Planned and executed two 8-week virtual academies in the spring and fall of 2021 for over 220 students from throughout the U S. Published an annual newsletter for the alumni community. Continued publication of a monthly bulletin for alumni, sponsors, and other stakeholders. Continued involvement with SelectLeaders real estate job posting network and disseminated weekly e-mail blasts to alumni of job opportunities. Advanced relationships with various sectors of the industry, including institutional real estate mgmt. Faciltated attendance of several REAP alumni at conferences of the Urban Land Institute. Maintained a scholarship fund to support the continuing education of new students and alumni.
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0321630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0219950
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01586406
IRS990ScheduleA/TotalSupportAmt01587416
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
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/TotalAssetsBOYAmt0609042
IRS990/TotalAssetsEOYAmt0728604
IRS990/TotalAssetsGrp/BOYAmt0609042
IRS990/TotalAssetsGrp/EOYAmt0728604
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0330302
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt051296
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042862
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0284128
IRS990/TotalFunctionalExpensesGrp/TotalAmt0378286
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016747
IRS990/TotalLiabilitiesEOYAmt025877
IRS990/TotalLiabilitiesGrp/BOYAmt016747
IRS990/TotalLiabilitiesGrp/EOYAmt025877
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0592295
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0702727
IRS990/TotalProgramServiceExpensesAmt0284128
IRS990/TotalProgramServiceRevenueAmt0158214
IRS990/TotalRevenueGrp/ExclusionAmt0202
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0158214
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0488718
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0609042
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0728604
IRS990/TravelGrp/ProgramServicesAmt0378
IRS990/TravelGrp/TotalAmt0378
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt015150
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt015150
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IRS990/USAddress/AddressLine1Txt054 West 40th Street 614
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010018
IRS990/VotingMembersGoverningBodyCnt022
IRS990/VotingMembersIndependentCnt022
IRS990/WebsiteAddressTxt0ProjectREAP.org
IRS990/WhistleblowerPolicyInd0false
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/SignatureDt02022-07-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Project Reap
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0522291039
ReturnHeader/Filer/PhoneNum06467283496
ReturnHeader/Filer/USAddress/AddressLine1Txt054 West 40th Street 614
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/ReturnTs02022-07-11T17:57:38-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0G Lamont
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Blackstone
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$728,604
Liabilities
$25,877
Net assets
$702,727
Revenue
$488,718
Expenses
$378,286
Net income
$110,432
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
2021Detailed filing. Detailed filing data is available for this year.$7.29$0.26$7.03$4.89$3.78$1.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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