Civic Intelligence

Project Invent

990 • Fiscal year 2020 • EIN 82-4377729

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 08, 2020

Organization Profilewww.projectinvent.org

View Organization Page

831 Donohoe StreetEast Palo Alto, CA 94303

(760) 805-7638

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$250,770

Up $201,226 (+406%) from 2019

Net Assets

Up

$247,205

Up $202,396 (+452%) from 2019

Liabilities

Down

$3,565

Down $1,170 (-25%) from 2019

Revenue And Expenses

Revenue

Up

$413,081

Up $356,067 (+625%) from 2019

Expenses

Up

$211,614

Up $178,874 (+546%) from 2019

Net Income

Up

$201,467

Up $177,193 (+730%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2019: $49,544Liabilities 2019: $4,735Net Assets 2019: $44,8092019Assets 2020: $250,770Liabilities 2020: $3,565Net Assets 2020: $247,2052020Assets 2021: $402,477Liabilities 2021: $4,510Net Assets 2021: $397,9672021Assets 2022: $570,134Liabilities 2022: $14,961Net Assets 2022: $555,1732022Assets 2023: $845,763Liabilities 2023: $300,772Net Assets 2023: $544,9912023Assets 2024: $688,488Liabilities 2024: $184,593Net Assets 2024: $503,8952024

Highlighted filing

2020

Assets$250,770
Liabilities$3,565
Net Assets$247,205
Open 2020 Filing

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $57,014Expenses 2019: $32,740Net Income 2019: $24,2742019Revenue 2020: $413,081Expenses 2020: $211,614Net Income 2020: $201,4672020Revenue 2021: $517,099Expenses 2021: $366,337Net Income 2021: $150,7622021Revenue 2022: $1,005,665Expenses 2022: $848,459Net Income 2022: $157,2062022Revenue 2023: $1,138,802Expenses 2023: $1,148,984Net Income 2023: -$10,1822023Revenue 2024: $1,136,463Expenses 2024: $1,177,559Net Income 2024: -$41,0962024

Highlighted filing

2020

Revenue$413,081
Expenses$211,614
Net Income$201,467
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 8, 2020
Return Version
2019v5.0
Gross Receipts
$413,081
Mission and Program Overview

Mission

Project Invent empowers students with the 21st-century skills to succeed individually and impact globally, through invention for social good."

Project Invent empowers students with the 21st century skills to succeed individually and impact globally, through invention.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$200,053-
Cash and Non-Interest-Bearing Accounts$49,544$50,717▲ $1,173
Total Assets$49,544$250,770▲ $201,226
Liabilities
Accounts Payable and Accrued Expenses$4,735$3,565▼ $1,170
Total Liabilities$4,735$3,565▼ $1,170
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$44,809$247,205▲ $202,396
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$44,809$247,205▲ $202,396
Total Liabilities and Net Assets / Fund Balance$49,544$250,770▲ $201,226
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Connie LiuFounder & Executive DirectorFT$80,000$5,596$85,596

Board Members and Trustees

NameTitle
Aragon BurlinghamPresident
Cynthia JohansonBoard Member
Scott SwaaleySecretary
Steve KetchpelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$382,545
Program Service Revenue
$28,464
Investment Income
$2,072
Other Revenue
$0
All Other Contributions
$351,545
Change in Net Assets
$201,467
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$155,159
Other Expenses$50,605
Total Fundraising Expense$19,041
Grants and Similar Amounts Paid$5,850
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,078$16,759$16,759$85,596
Other Salaries and Wages$56,782$0$0$56,782
Travel$14,257--$14,257
Fees for Services Other$12,359$547-$12,906
Payroll Taxes$8,425$1,322$1,322$11,069
Conferences and Meetings$10,275$713-$10,988
Grants to Domestic Individuals$5,850--$5,850
Advertising$3,796-$560$4,356
Office Expenses$1,766$1,067$121$2,954
Other Employee Benefits$1,712$0$0$1,712
Insurance$1,360$173$152$1,685
Occupancy$1,135$145$127$1,407
Fees for Services Accounting-$1,054-$1,054
Information Technology$998--$998
Total Functional Expenses$170,793$21,780$19,041$211,614
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

“The 990 is given to the board for review prior to filing with the IRS.”

Form 990, Part VI, Section B, Line 12C

“Board members must inform the Board prior to the entry into any transaction or arrangement that involves an actual or potential conflict of interest, including all material facts relating thereto. Such disclosures shall be made in advance, before any action is taken on the matter. The Board will evaluate conflict disclosures and make other necessary inquiries to determine the extent and nature of any actual or potential conflict of interest and, if appropriate, investigate alternatives to the proposed transaction or arrangement. An interested person will recuse himself or herself from deliberations and voting relating to the matter and shall refrain from attempting to influence other decision-makers relating to the matter.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Project Invent
EIN
82-4377729
Phone
7608057638
Address
831 Donohoe Street, East Palo Alto, CA 94303

Signing Officer

Name
Connie Liu
Title
Founder & Executive Director
Phone
7608057638
Signed
2020-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connie Liu
Formed
2018
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
3
Volunteers
75

Preparer

Firm
Shelby Malvoso CPA
Address
360 Grand Ave 408, Oakland, CA 94610
Preparer
Shelby Malvoso
Phone
5104736240
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IRS990/Desc0Trained and supported teachers at 30 schools to implement the Project Invent program. Hosted two Demo Days for students to present inventions to top investors and tech executives. Published curriculum and resources used in over 1000 classrooms.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is given to the board for review prior to filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members must inform the Board prior to the entry into any transaction or arrangement that involves an actual or potential conflict of interest, including all material facts relating thereto. Such disclosures shall be made in advance, before any action is taken on the matter. The Board will evaluate conflict disclosures and make other necessary inquiries to determine the extent and nature of any actual or potential conflict of interest and, if appropriate, investigate alternatives to the proposed transaction or arrangement. An interested person will recuse himself or herself from deliberations and voting relating to the matter and shall refrain from attempting to influence other decision-makers relating to the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt049544
IRS990/TotalAssetsEOYAmt0250770
IRS990/TotalAssetsGrp/BOYAmt049544
IRS990/TotalAssetsGrp/EOYAmt0250770
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0382545
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt019041
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021780
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0170793
IRS990/TotalFunctionalExpensesGrp/TotalAmt0211614
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04735
IRS990/TotalLiabilitiesEOYAmt03565
IRS990/TotalLiabilitiesGrp/BOYAmt04735
IRS990/TotalLiabilitiesGrp/EOYAmt03565
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt044809
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0247205
IRS990/TotalOtherCompensationAmt05596
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0170793
IRS990/TotalProgramServiceRevenueAmt028464
IRS990/TotalReportableCompFromOrgAmt080000
IRS990/TotalRevenueGrp/ExclusionAmt02072
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt028464
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0413081
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt049544
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0250770
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt014257
IRS990/TravelGrp/TotalAmt014257
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0831 Donohoe Street
IRS990/USAddress/CityNm0East Palo Alto
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094303
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.projectinvent.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Connie Liu
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Founder & Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum07608057638
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT INVENT
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0824377729
ReturnHeader/Filer/PhoneNum07608057638
ReturnHeader/Filer/USAddress/AddressLine1Txt0831 Donohoe Street
ReturnHeader/Filer/USAddress/CityNm0East Palo Alto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094303
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.37.70.82
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Shelby Malvoso CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0360 Grand Ave 408
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oakland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094610
ReturnHeader/PreparerPersonGrp/PhoneNum05104736240

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$250,770
Liabilities
$3,565
Net assets
$247,205
Revenue
$413,081
Expenses
$211,614
Net income
$201,467
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.69$0.18$0.50$1.14$1.18$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.30$0.54$1.14$1.15$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.01$0.56$1.01$0.85$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$0.52$0.37$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.41$0.21$0.20
2019Summary only. Only limited summary data is available for this year.$0.05$0.00$0.04$0.06$0.03$0.02