Civic Intelligence

Project Restore Inc

990 • Fiscal year 2015 • EIN 54-1771213

Jan 01, 2015 to Dec 31, 2015 • Filed on May 16, 2016

PO Box 2000Locust Dale, VA 22948

(540) 672-4549

Siviq Scores

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

Liabilities / Assets

34th percentile

0.07x

Higher debt load relative to assets than 34% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

50th percentile

0.18x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

22nd percentile

$39,000

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

81st percentile

15%

Faster asset growth than 81% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

86th percentile

35%

Faster revenue growth than 86% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$5,256,758

Up $703,458 (+15%) from 2014

Net Assets

Up

$4,904,811

Up $603,256 (+14%) from 2014

Liabilities

Up

$351,947

Up $100,202 (+40%) from 2014

Revenue

Up

$1,931,634

Up $501,568 (+35%) from 2014

Expenses

Up

$1,328,377

Up $339,971 (+34%) from 2014

Net Income

Up

$603,257

Up $161,597 (+37%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,150,148Liabilities 2010: $1,746Net Assets 2010: $3,148,4022010Assets 2011: $3,455,390Liabilities 2011: $1,766Net Assets 2011: $3,453,6242011Assets 2012: $3,789,089Liabilities 2012: $216,851Net Assets 2012: $3,572,2382012Assets 2013: $4,516,004Liabilities 2013: $366,905Net Assets 2013: $4,149,0992013Assets 2014: $4,553,300Liabilities 2014: $251,745Net Assets 2014: $4,301,5552014Assets 2015: $5,256,758Liabilities 2015: $351,947Net Assets 2015: $4,904,8112015Assets 2016: $4,298,083Liabilities 2016: $423,836Net Assets 2016: $3,874,2472016Assets 2017: $3,832,091Liabilities 2017: $384,861Net Assets 2017: $3,447,2302017Assets 2018: $4,171,758Liabilities 2018: $351,840Net Assets 2018: $3,819,9182018Assets 2019: $3,947,937Liabilities 2019: $351,840Net Assets 2019: $3,596,0972019Assets 2020: $3,454,786Liabilities 2020: $353,501Net Assets 2020: $3,101,2852020

Highlighted filing

2015

Assets$5,256,758
Liabilities$351,947
Net Assets$4,904,811

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $418,8942010Revenue 2011: $777,454Expenses 2011: $472,232Net Income 2011: $305,2222011Expenses 2012: $2,709,9142012Revenue 2013: $891,295Expenses 2013: $314,444Net Income 2013: $576,8512013Revenue 2014: $1,430,066Expenses 2014: $988,406Net Income 2014: $441,6602014Revenue 2015: $1,931,634Expenses 2015: $1,328,377Net Income 2015: $603,2572015Revenue 2016: $780,802Expenses 2016: $1,811,366Net Income 2016: -$1,030,5642016Revenue 2017: $589,480Expenses 2017: $1,016,498Net Income 2017: -$427,0182017Revenue 2018: $660,094Expenses 2018: $287,406Net Income 2018: $372,6882018Revenue 2019: $738,547Expenses 2019: $962,368Net Income 2019: -$223,8212019Revenue 2020: $1,291,140Expenses 2020: $1,785,954Net Income 2020: -$494,8142020

Highlighted filing

2015

Revenue$1,931,634
Expenses$1,328,377
Net Income$603,257
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 16, 2016
Return Version
2015v2.1
Gross Receipts
$2,162,834
Mission and Program Overview

Mission

Educational ministry spreading the gospel.

Educational ministry spreading the gospel

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,433,856$2,165,182▼ $268,674
Pd in Cap Srpls Land Bldg Eqp Fund$2,433,857$2,165,182▼ $268,675
Rtn Earn Endowment Incm Other Fnds$539,044$2,136,371▲ $1,597,327
Prepaid Expenses and Deferred Charges$365,337$1,032,106▲ $666,769
Cash and Non-Interest-Bearing Accounts$755,962$1,004,543▲ $248,581
Cap Stk Tr Prin Current Funds$1,328,654$603,258▼ $725,396
Savings and Temporary Cash Investments$572,692$573,938▲ $1,246
Investments Other Securities$424,000$424,000→ $0
Loans From Officers Directors$250,000$350,000▲ $100,000
Other Notes and Loans Receivable, Net-$5,000-
Accounts Receivable$1,453$2,546▲ $1,093
Total Assets$4,553,300$5,256,758▲ $703,458
Other Assets Total-$49,443-
Liabilities
Other Liabilities$1,745$1,947▲ $202
Total Liabilities$251,745$351,947▲ $100,202
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,301,555$4,904,811▲ $603,256
Total Liabilities and Net Assets / Fund Balance$4,553,300$5,256,758▲ $703,458

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,867,036-$1,867,036
Buildings$220,340$124,604$344,944
Equipment$73,350$81,575$154,925
Other Land Buildings$4,456$21,076$25,532
Other Assets Org$49,443--
Other Securities$424,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Patricia T GossSecretaryFT$39,000$39,000
Ronald J GosspresidentFT$39,000$39,000
Leonard G WilletttreasurerPT$9,447$9,447

Board Members and Trustees

NameTitle
Billy MartinDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,798,679
Program Service Revenue
$252,299
Investment Income
$-123,594
Other Revenue
$4,250
All Other Contributions
$1,798,679
Change in Net Assets
$603,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,225,362
Salaries, Compensation, and Employee Benefits$103,015
Total Fundraising Expense$23,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$118,609$6,063$5,828$130,500
Current Officers, Directors, Trustees, and Key Employees$37,952$35,774$13,317$87,043
Depreciation Depletion-$37,475-$37,475
Occupancy-$30,359-$30,359
Fees for Services Other$11,250$15,028-$26,258
Travel$13,091$8,537$966$22,594
Other Employee Benefits$5,130$3,376$1,754$10,260
Payroll Taxes$2,856$1,830$1,026$5,712
Information Technology$123$1,422-$1,545
Conferences and Meetings$202$860-$1,062
Other Expenses$973,927$700-$700
All Other Expenses-$134$406$540
Advertising-$192-$192
Total Functional Expenses$1,163,140$141,960$23,297$1,328,377
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
Loans from Officers, Directors, Trustees, and Key Employees$250,000$350,000▲ $100,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
VA Tax$4
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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

Part VI Line 2

Ronald Goss - family relationship

Part VI Line 2

Patricia Goss - family relationship

Part VI Line 8A

Acting secretary lost his notes.

Part VI Line 11B

Copies of the Form 990 are provided to directors.

Part VI Line 19

Project Restore's governing documents and financial statements were not

Part VI Line 19

made available to the public.

Filing and Contact Details

Filer

Filer Name
Project Restore Inc
EIN
54-1771213
In Care Of
% Leonard Willett
Phone
5406724549
Address
PO Box 2000, Locust Dale, VA 22948

Signing Officer

Name
Leonard Willett
Title
Treasurer
Phone
5407380540
Signed
2016-05-16

Organization Details

Principal Officer
Leonard G Willett
Formed
1995
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
1
Employees
2
Volunteers
3
Supplemental Narrative

Additional Explanations

Part IX Line 11G

general assistant Total expenses - $26258.00 Program service expenses - $11250.00 Mgmt and general expenses - $15028.00 Fundraising expenses - $0.00

Part IX Line 24E

misc. exp Total expenses - $540.00 Program service expenses - $0.00 Mgmt and general expenses - $134.00 Fundraising expenses - $406.00

Part III Line 4D

Expenses: $2786.00 including grants of: $0.00 Revenue: $0.00

Part III Line 4D

Help other ministries.

Part III Line 4D

Expenses: $2529.00 including grants of: $0.00 Revenue: $0.00

Part III Line 4D

Pastoral ministry

Part III Line 4D

Expenses: $186.00 including grants of: $0.00 Revenue: $0.00

Part III Line 4D

Internet ministry.

Part III Line 4D

Expenses: $3027.00 including grants of: $0.00 Revenue: $0.00

Part III Line 4D

Other programs.

VI, B, line 11B

Copies are provided to the board members for review before submittal.

VI, C, line 19

Not available to public: Governing docs, financials, C of I pol.

X, line 12

Amount on this line is for donated savings bonds.

Raw XML AppendixShowing 400 of 512 raw XML fields

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/SavingsAndTempCashInvstGrp/BOYAmt0572692
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0573938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01798679
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0884847
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02807424
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0773857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07674851
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt011856
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt016000
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt027856
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt022682
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt032963
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.94550
IRS990ScheduleA/PublicSupportTotal170Amt07674851
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt08544
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IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0220340
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0124604
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IRS990ScheduleD/DisclosedForCharitablePrpsInd0false
IRS990ScheduleD/DisclosedOrgLegCtrlInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt073350
IRS990ScheduleD/EquipmentGrp/DepreciationAmt081575
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0154925
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt01943
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt01867036
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01867036
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt049443
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0precious metals
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04456
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021076
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0VA Tax
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0424000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Savings bonds
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/Section170hRqrStsfdInd0false
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02165182
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IRS990ScheduleD/TotalBookValueSecuritiesAmt0424000
IRS990ScheduleD/TotalLiabilityAmt01947
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
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IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt350000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2GOSSRONPAT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3GOSSRONPAT
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Pres.&Sec
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2Pres.&Sec
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Pres.&Sec
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd8false

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