Civic Intelligence

Preface Project Inc.

990 • Fiscal year 2022 • EIN 83-3903496

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileWWW.PREFACEPROJECT.ORG
3870 Peachtree Ind Blvd S-340 238Duluth, GA 30096

(678) 713-4381

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

48th percentile

0.0%

Faster asset growth than 48% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets64th percentile

Assets

Flat

$218,875

Flat from 2022

Net Assets

Flat

$216,510

Flat from 2022

Liabilities

Flat

$2,365

Flat from 2022

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2022

Expenses

Flat

$0

Flat from 2022

Net Income

Flat

$0

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$300K$200K$100K$0Assets 2021: $218,875Liabilities 2021: $2,365Net Assets 2021: $216,5102021Assets 2022: $218,875Liabilities 2022: $2,365Net Assets 2022: $216,5102022Assets 2022: $218,875Liabilities 2022: $2,365Net Assets 2022: $216,5102022Assets 2023: $187,471Liabilities 2023: $0Net Assets 2023: $187,4712023Assets 2024: $187,295Liabilities 2024: $1,577Net Assets 2024: $185,7182024

Highlighted filing

2022

Assets$218,875
Liabilities$2,365
Net Assets$216,510
Open 2022 Filing

Operations Trend

Revenue Growth1st percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2021: $193,140Expenses 2021: $38,117Net Income 2021: $155,0232021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $89,464Expenses 2023: $61,380Net Income 2023: $28,0842023Revenue 2024: $50,581Expenses 2024: $55,062Net Income 2024: -$4,4812024

Highlighted filing

2022

Revenue$0
Expenses$0
Net Income$0
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

The organization is a nonprofit that jump-starts childhood literacy by pairing high school mentors with elementary school students to set them up for a lifetime of learning.

The organization is a charitable nonprofit that jump-starts childhood literacy by pairing high school mentors with elementary school students for virtual and in-person reading sessions, while providing service and scholarship opportunities for the next generation to set them up for a lifetime of learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$175,621$175,621→ $0
Total Assets$218,875$218,875→ $0
Other Assets Total$43,254$43,254→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,365$2,365→ $0
Total Liabilities$2,365$2,365→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$216,510$216,510→ $0
Total Net Assets Fund Balance$216,510$216,510→ $0
Total Liabilities and Net Assets / Fund Balance$218,875$218,875→ $0

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$105--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Jonathan WuFounder/executive Director
Taylor BrownAdvisory Committee Liaison
Olabode AdunbarinChief Development Officer
Sumner MccallieChief Educational Advisor
Cameron RuffaChief Legal Liaison
Devon NaftzgerChief Marketing Officer
David ViaChief Operational Liaison
Mary Helen DegolianSecretary/chief Records of
Antigone ValenTreasurer/CFO/io
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
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
Yes
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 of the form 990 is provided to the board for review before filing.”

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

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy on an annual basis. Conflicts are reported to chief legal officer and referred to the whole board, as necessary.”

Form 990, Part VI, Section B, Line 15B

“Currently the organization works pro bono; compensation committee would be created in the future, if necessary, to compensate.”

Form 990, Part VI, Section C, Line 19

“The organization's public documents are available on the state of georgia secretary of state website; forms 990 are available through irs teos website and guidestar. Other financial statement data is available upon request.”

Filing and Contact Details

Filer

Filer Name
Preface Project Inc
EIN
83-3903496
Phone
6787134381
Address
3870 PEACHTREE IND BLVD S-340 238, DULUTH, GA 30096

Signing Officer

Name
Antigone Valen
Title
Co-president & CFO
Phone
6787134381
Signed
2023-11-15

Organization Details

Principal Officer
Antigone Valen
Formed
2019
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0
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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IRS990/ActivityOrMissionDesc0THE ORGANIZATION IS A CHARITABLE NONPROFIT THAT JUMP-STARTS CHILDHOOD LITERACY BY PAIRING HIGH SCHOOL MENTORS WITH ELEMENTARY SCHOOL STUDENTS FOR VIRTUAL AND IN-PERSON READING SESSIONS, WHILE PROVIDING SERVICE AND SCHOLARSHIP OPPORTUNITIES FOR THE NEXT GENERATION TO SET THEM UP FOR A LIFETIME OF LEARNING.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF EDUCATIONAL ADVISOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. CONFLICTS ARE REPORTED TO CHIEF LEGAL OFFICER AND REFERRED TO THE WHOLE BOARD, AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CURRENTLY THE ORGANIZATION WORKS PRO BONO; COMPENSATION COMMITTEE WOULD BE CREATED IN THE FUTURE, IF NECESSARY, TO COMPENSATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S PUBLIC DOCUMENTS ARE AVAILABLE ON THE STATE OF GEORGIA SECRETARY OF STATE WEBSITE; FORMS 990 ARE AVAILABLE THROUGH IRS TEOS WEBSITE AND GUIDESTAR. OTHER FINANCIAL STATEMENT DATA IS AVAILABLE 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 B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$218,875
Liabilities
$2,365
Net assets
$216,510
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.02$1.86$0.51$0.55$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.89$0.61$0.28
2022Detailed filing. Detailed filing data is available for this year.$2.19$0.02$2.17$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.19$0.02$2.17$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.19$0.02$2.17$1.93$0.38$1.55