Civic Intelligence

Project Destined Inc.

990EZ • Fiscal year 2017 • EIN 81-3858986

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 16, 2018

Organization ProfilePROJECTDESTINED.COM
1623 S Street NWWashington, DC 20009

(202) 294-8643

Siviq Scores

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

Liabilities / Assets

100th percentile

41.93x

Higher debt load relative to assets than 100% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

23.07x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-2252%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets100th percentile

Assets

$1,883

No earlier filing loaded for comparison.

Net Assets

-$77,067

No earlier filing loaded for comparison.

Liabilities

$78,950

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

$3,422

No earlier filing loaded for comparison.

Expenses

$80,489

No earlier filing loaded for comparison.

Net Income

-$77,067

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2017

Assets$1,883
Liabilities$78,950
Net Assets-$77,067
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$3,422
Expenses$80,489
Net Income-$77,067
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 16, 2018
Return Version
2017v2.3
Gross Receipts
$3,422
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.

Program Services

DescriptionGrantsExpenses
ADMINISTRATION OF A REAL ESTATE BASED APPLIED EDUCATION PROGRAM DESIGNED TO PROMOTE FINANCIAL LITERACY, LEADERSHIP DEVELOPMENT AND ACCESS TO MENTORSHIP OPPORTUNITIES YIELDING INCREASED COMPETITIVENESS OF URBAN YOUTH.$3,422$80,489
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CEDRIC BOBOFounderPT$0--
FRED GREENECo-FounderPT$0--
Filing and Contact Details

Filer

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

Signing Officer

Name
Cedric Bobo
Title
Founder
Phone
2022948643
Signed
2018-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard L Webb CPA
Phone
9016834234
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: consulting. Amount: 9,359. Description: event and production. Amount: 45,444. Description: program travel. Amount: 22,180. Description: communications. Amount: 1,778. Description: licenses. Amount: 1,495. Description: miscellaneous. Amount: 233. Total to form 990-ez, line 16: 80,489.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to cedric bobo. Beg. Of year amount: 0. End of year amount: 78,950.”

Raw XML Appendix140 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CEDRIC BOBO
IRS990EZ/BooksInCareOfDetail/PhoneNum02022948643
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01623 S STREET NW
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd020009
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01883
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
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IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
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IRS990EZ/ExcessOrDeficitForYearAmt0-77067
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
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IRS990EZ/GrossReceiptsAmt03422
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/LoansToFromOfficersAmt078950
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd01
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-77067
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-77067
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CEDRIC BOBO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1FRED GREENE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0FOUNDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CO-FOUNDER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt080489
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ADMINISTRATION OF A REAL ESTATE BASED APPLIED EDUCATION PROGRAM DESIGNED TO PROMOTE FINANCIAL LITERACY, LEADERSHIP DEVELOPMENT AND ACCESS TO MENTORSHIP OPPORTUNITIES YIELDING INCREASED COMPETITIVENESS OF URBAN YOUTH.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt03422
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt080489
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0TN
IRS990EZ/StatesWhereCopyOfReturnIsFldCd1DC
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt078950
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt080489
IRS990EZ/TotalProgramServiceExpensesAmt080489
IRS990EZ/TotalRevenueAmt03422
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0PROJECTDESTINED.COM
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE TWO FOUNDERS, CEDRIC BOBO AND FRED GREENE, RECEIVED NO COMPENSATION FROM THE ORGANIZATION DURING THE YEAR AND CONTRIBUTED THEIR TIME TO ESTABLISH AND MANAGE THE ORGANIZATION. THEIR DUTIES INCLUDED COORDINATING AND FACILITATING REAL ESTATE INVESTMENT TRAINING SESSIONS FOR PROGRAM PARTICIPANTS. THE PROGRAM SERVED 150 STUDENTS AND THE VALUE TO EACH STUDENT WAS $1,000. THE TOTAL IN-KIND CONTRIBUTION OF $150,000 AND RELATED EXPENSE OF $150,000 HAD NO IMPACT ON THE ORGANIZATION'S OPERATIONS OR FINANCIAL POSITION AS OF DECEMBER 31, 2017.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0990 EZ; LINES 1(IN-KIND REVENUE) AND 12(IN-KIND EXPENSES-COM
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03422
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03422
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt03422
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03422
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03422
IRS990ScheduleA/TotalSupportAmt03422
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt078950
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PROVIDED TO ORGANIZATION FOR START UP COST AND FOR OPERATING EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt078950
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CEDRIC BOBO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0FOUNDER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt078950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: CONSULTING. AMOUNT: 9,359. DESCRIPTION: EVENT AND PRODUCTION. AMOUNT: 45,444. DESCRIPTION: PROGRAM TRAVEL. AMOUNT: 22,180. DESCRIPTION: COMMUNICATIONS. AMOUNT: 1,778. DESCRIPTION: LICENSES. AMOUNT: 1,495. DESCRIPTION: MISCELLANEOUS. AMOUNT: 233. TOTAL TO FORM 990-EZ, LINE 16: 80,489.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DUE TO CEDRIC BOBO. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 78,950.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CEDRIC BOBO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum02022948643
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-16
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/ZIPCd020009
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02018-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:26:47
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/PreparationDt02018-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD L WEBB CPA
ReturnHeader/ReturnTs02018-11-16T10:36:44-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,883
Liabilities
$78,950
Net assets
-$77,067
Revenue
$3,422
Expenses
$80,489
Net income
-$77,067
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