Civic Intelligence

Project Destined Inc.

EIN 81-3858986 • 501(c)3 • Washington, DC

Pub. 78 Eligible

Profile

To transform minority youth into owners and stakeholders in the communities in which they live, work and play. With the careful guidance of its leaders, the organization will produce the nation's largest number of minority owners of real estate under the age of 18.

1623 S Street NWWashington, DC 20009-6408

projectdestined.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

20th percentile

-12%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

3rd percentile

-61%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-45%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$113,806

Down $177,997 (-61%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$113,806

Down $177,997 (-61%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin20th percentile

Revenue

Down

$1,442,448

Down $1,201,741 (-45%) from 2023

Expenses

Down

$1,620,445

Down $967,166 (-37%) from 2023

Net Income

Down

-$177,997

Down $234,575 (-415%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2017: $1,883Liabilities 2017: $78,950Net Assets 2017: -$77,0672017Assets 2018: $67,156Liabilities 2018: $299,739Net Assets 2018: -$232,5832018Assets 2019: $40,049Liabilities 2019: $262,838Net Assets 2019: -$222,7892019Assets 2021: $799,347Liabilities 2021: $10,687Net Assets 2021: $788,6602021Assets 2022: $235,225Liabilities 2022: $0Net Assets 2022: $235,2252022Assets 2023: $291,803Liabilities 2023: $0Net Assets 2023: $291,8032023Assets 2024: $113,806Liabilities 2024: $0Net Assets 2024: $113,8062024

Highlighted filing

2024

Assets$113,806
Liabilities$0
Net Assets$113,806
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2017: $3,422Expenses 2017: $80,489Net Income 2017: -$77,0672017Revenue 2018: $359,543Expenses 2018: $515,059Net Income 2018: -$155,5162018Revenue 2019: $744,353Expenses 2019: $734,559Net Income 2019: $9,7942019Revenue 2021: $2,489,521Expenses 2021: $1,852,277Net Income 2021: $637,2442021Revenue 2022: $3,330,232Expenses 2022: $3,883,667Net Income 2022: -$553,4352022Revenue 2023: $2,644,189Expenses 2023: $2,587,611Net Income 2023: $56,5782023Revenue 2024: $1,442,448Expenses 2024: $1,620,445Net Income 2024: -$177,9972024

Highlighted filing

2024

Revenue$1,442,448
Expenses$1,620,445
Net Income-$177,997
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$113,806
Liabilities
$0
Net assets
$113,806
Revenue
$1,442,448
Expenses
$1,620,445
Net income
-$177,997
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$1.44$1.62$0.18
2023Detailed filing. Detailed filing data is available for this year.$0.29$0.00$0.29$2.64$2.59$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$3.33$3.88$0.55
2021Detailed filing. Detailed filing data is available for this year.$0.80$0.01$0.79$2.49$1.85$0.64
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.26$0.22$0.74$0.73$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.07$0.30$0.23$0.36$0.52$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.00$0.08$0.08$0.00$0.08$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$1,442,448
Mission and Program Overview

Mission

To transform minority youth into owners and stakeholders in the communities in which they live, work and play. With the careful guidance of its leaders, the organization will produce the nation's largest number of minority owners of real estate under the age of 18.

Project destined is 501(c)3 not-for-profit corporation that administers a real estate basedapplied youth education program designed to promote financial literacy, leadership development and access to mentorship opportunities yielding increased competitiveness for urban youth. Across multiple modules, project destined scholars gain exposure to all aspects of the real estate investment life cycle while gaining exposure to real industry professionals, analyzing real estate opportunities and helping to invest real capital into real estate within their own communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$291,803$113,806▼ $177,997
Total Assets$291,803$113,806▼ $177,997
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$291,803$113,806▼ $177,997
Total Net Assets Fund Balance$291,803$113,806▼ $177,997
Total Liabilities and Net Assets / Fund Balance$291,803$113,806▼ $177,997
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Angela JohnsonDirector
Tj EdwardsDirector
Cedric BoboFounder/CEO
Rob SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,442,448
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,442,448
Change in Net Assets
$-177,997
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,496,845
Other Expenses$123,600
Total Fundraising Expense$11,226
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,496,845--$1,496,845
Information Technology$50,934--$50,934
Travel$31,835--$31,835
Advertising--$11,226$11,226
Fees for Services Accounting-$7,765-$7,765
Other Expenses$21,825$15-$15
Total Functional Expenses$1,601,439$7,780$11,226$1,620,445
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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

“A copy was provided to the governing body for comments and suggestions before filing with the internal revenue service.”

Form 990, Part VI, Section B, Line 12

“Each covered person shall annually disclose all conflicts of interest and previously unreported conflicts of interest in writing on the non-profit's disclosure form in accordance with this policy and sign a statement that affirms that such person: (a) has received a copy of this policy; (b) has read and understands this policy; (c) has agreed to comply with this policy; (d) has no conflict of interest to report or is reporting current and any previously unreported conflicts of interest; (e) understands that the organization is charitable and, in order to maintain its federal tax exemption, it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Section C, Line 18

“The organization's documents will be provided by the president upon request.”

Form 990, Part VI, Section C, Line 19

“All required documents available for public inspection are provided by the president/founder upon request.”

Filing and Contact Details

Filer

Filer Name
Project Destined Inc
EIN
81-3858986
Phone
2022948643
Address
1623 S STREET NW, WASHINGTON, DC 20009-6408

Signing Officer

Name
Cedric Bobo
Title
Founder/CEO
Phone
2022948643
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cedric Bobo
Formed
2017
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
400

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard L Webb CPA
Phone
9016834234
Raw XML Appendix310 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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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0STUDENTS EARN A STIPEND GENERALLY OF $1,000 FOR COMPLETING THE PROJECT DESTINED PROGRAM. STUDENTS COMPLETE 40+ HOURS OF TRAINING OVER A 9 WEEK PERIOD. THE TRAINING INCLUDES MODULES IN FINANCIAL LITERACY, REAL ESTATE, LEADERSHIP AND ENTREPRENEURSHIP. AS PART OF THE TRAINING, STUDENTS COMPETE IN "SHARK TANK" STYLE COMPETITIONS WHERE THEY PRESENT LIVE REAL ESTATE ACQUISITION OR OPERATING PROPOSALS IN THEIR COMMUNITY. STUDENTS EARN AN AVERAGE OF $1,000 STIPEND UPON COMPLETION OF THE PROGRAM. THEY CAN ALSO EARN ADDITIONAL SCHOLARSHIPS THROUGH THE PROPOSAL COMPETITIONS LEARNING OBJECTIVES CONSIST OF THE FOLLOWING: *FUNDAMENTALS OF REAL ESTATE INVESTING *TYPES OF REAL ESTATE INVESTMENTS *HOW TO CALCULATE THE RATE OF RETURN *HOW TO CALCULATE CASH FLOW *HOW TO DETERMINE EQUITY *MAXIMIZATION OF LEVERAGE *CAPITALIZATION RATE *STRATEGIES IN ACQUIRING REAL ESTATE *GENERAL TAXATION OF REAL ESTATE *ENHANCE THE ACQUISITION OF REAL ESTATE IN THE COMMUNITY OF MINORITY STUDENTS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PAGE 2, PART III:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY WAS PROVIDED TO THE GOVERNING BODY FOR COMMENTS AND SUGGESTIONS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH COVERED PERSON SHALL ANNUALLY DISCLOSE ALL CONFLICTS OF INTEREST AND PREVIOUSLY UNREPORTED CONFLICTS OF INTEREST IN WRITING ON THE NON-PROFIT'S DISCLOSURE FORM IN ACCORDANCE WITH THIS POLICY AND SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THIS POLICY; (B) HAS READ AND UNDERSTANDS THIS POLICY; (C) HAS AGREED TO COMPLY WITH THIS POLICY; (D) HAS NO CONFLICT OF INTEREST TO REPORT OR IS REPORTING CURRENT AND ANY PREVIOUSLY UNREPORTED CONFLICTS OF INTEREST; (E) UNDERSTANDS THAT THE ORGANIZATION IS CHARITABLE AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S DOCUMENTS WILL BE PROVIDED BY THE PRESIDENT UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL REQUIRED DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION ARE PROVIDED BY THE PRESIDENT/FOUNDER UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0291803
IRS990/TotalAssetsEOYAmt0113806
IRS990/TotalAssetsGrp/BOYAmt0291803
IRS990/TotalAssetsGrp/EOYAmt0113806
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01442448
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011226
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07780
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01601439
IRS990/TotalFunctionalExpensesGrp/TotalAmt01620445
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0291803
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0113806
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01601439
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01442448
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0400
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0291803
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0113806
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt031835
IRS990/TravelGrp/TotalAmt031835
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01623 S STREET NW
IRS990/USAddress/CityNm0WASHINGTON
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd0200096408
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0PROJECTDESTINED.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CEDRIC BOBO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02022948643
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT DESTINED INC
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0813858986
ReturnHeader/Filer/PhoneNum02022948643
ReturnHeader/Filer/USAddress/AddressLine1Txt01623 S STREET NW
ReturnHeader/Filer/USAddress/CityNm0WASHINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd0200096408
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621114363
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HENDERSON HUTCHERSON & MCCULLOUGH PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01755 KIRBY PARKWAY SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09016834234
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD L WEBB CPA
ReturnHeader/ReturnTs02025-11-17T15:59:45-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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