Civic Intelligence

Project 48 Inc.

990 • Fiscal year 2023 • EIN 83-4515483

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 31, 2024

Organization ProfileWWW.PROJECT48.CO

View Organization Page

2505 SE 11th Avenue Suite 122Portland, OR 97202

(503) 936-0851

Siviq Scores

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

Liabilities / Assets

74th percentile

0.18x

Higher debt load relative to assets than 74% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

56th percentile

0.04x

Higher debt load relative to revenue than 56% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

52nd percentile

5.1%

Higher net margin than 52% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

67th percentile

$50,096

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

91st percentile

74%

Faster asset growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

79th percentile

43%

Faster revenue growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$115,344

Up $49,138 (+74%) from 2022

Net Assets

Up

$95,126

Up $28,920 (+44%) from 2022

Liabilities

Up

$20,218

Up $20,218 from 2022

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin52nd percentile

Revenue

Up

$569,150

Up $171,280 (+43%) from 2022

Expenses

Up

$540,230

Up $186,493 (+53%) from 2022

Net Income

Down

$28,920

Down $15,213 (-34%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$150K$100K$50K$0Assets 2019: $2,655Net Assets 2019: $2,6552019Assets 2020: $35,649Net Assets 2020: $35,6492020Assets 2021: $22,073Liabilities 2021: $0Net Assets 2021: $22,0732021Assets 2022: $66,206Liabilities 2022: $0Net Assets 2022: $66,2062022Assets 2023: $115,344Liabilities 2023: $20,218Net Assets 2023: $95,1262023Assets 2024: $135,608Liabilities 2024: $2,235Net Assets 2024: $133,3732024

Highlighted filing

2023

Assets$115,344
Liabilities$20,218
Net Assets$95,126
Open 2023 Filing

Operations Trend

Revenue Growth79th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2019: $12,843Expenses 2019: $10,188Net Income 2019: $2,6552019Revenue 2020: $102,690Expenses 2020: $69,696Net Income 2020: $32,9942020Revenue 2021: $43,170Expenses 2021: $56,746Net Income 2021: -$13,5762021Revenue 2022: $397,870Expenses 2022: $353,737Net Income 2022: $44,1332022Revenue 2023: $569,150Expenses 2023: $540,230Net Income 2023: $28,9202023Revenue 2024: $631,381Expenses 2024: $591,552Net Income 2024: $39,8292024

Highlighted filing

2023

Revenue$569,150
Expenses$540,230
Net Income$28,920
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 31, 2024
Return Version
2023v5.1
Gross Receipts
$615,640
Mission and Program Overview

Mission

Provide high quality supplies, such as clothing and toiletries, to children during their first 48 hours of transitioning to foster care.

Provide essentials bag includes high quality new items that will be delivered within 48 hours of a youth's placement. Each bag includes but not limited to backpack, socks, t-shirts, pants, underwear, joggers, hygiene products, age and gender appropriate items etc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$70,802-
Cash and Non-Interest-Bearing Accounts$53,636$28,958▼ $24,678
Loans From Officers Directors-$20,000-
Inventories for Sale or Use$12,570$12,570→ $0
Prepaid Expenses and Deferred Charges-$3,014-
Total Assets$66,206$115,344▲ $49,138
Liabilities
Accounts Payable and Accrued Expenses-$218-
Total Liabilities$0$20,218▲ $20,218
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$66,206$95,126▲ $28,920
Total Net Assets Fund Balance$66,206$95,126▲ $28,920
Total Liabilities and Net Assets / Fund Balance$66,206$115,344▲ $49,138
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brandy MemoryCEOFT$50,096$50,096
Ashley CountrymanDirector of OperationsFT$39,708$39,708
Courtney BuckleyDirector of ProgramsFT$30,260$30,260
Revenue and Support

Revenue Composition

Contributions and Grants
$563,305
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,845
All Other Contributions
$504,637
Change in Net Assets
$28,920

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$142,262Cost
Total Noncash Contributions$142,262-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$216,126
Grants and Similar Amounts Paid$168,995
Salaries, Compensation, and Employee Benefits$155,109
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$168,995--$168,995
Current Officers, Directors, Trustees, and Key Employees-$137,525-$137,525
Occupancy-$29,110-$29,110
Fees for Services Other-$25,485-$25,485
Information Technology-$19,213-$19,213
Office Expenses-$16,314-$16,314
Payroll Taxes-$13,864-$13,864
Advertising$9,751--$9,751
Fees for Services Accounting-$9,148-$9,148
Insurance-$8,563-$8,563
Travel-$6,062-$6,062
Fees for Services Legal-$5,000-$5,000
Other Salaries and Wages-$3,720-$3,720
Other Expenses$8,110$2,388-$2,388
Total Functional Expenses$256,216$284,014$0$540,230
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$52,335
Fundraising Direct Expenses$46,490
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Impact Night$29,050$29,050$33,852$-4,802
Golf Tournament$23,285$23,285$12,638$10,647
Total Events$52,335$52,335$46,490$5,845
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-$20,000-
Governance and Compliance

Governance Checklist

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

“Copies of form 990 are presented to the finance committee for adoption and then forwarded to the entire board of directors.”

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

“An annual review is conducted each year to ensure all employees, officers, directors and trustees are in compliance with the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“Each year the board's executive comittee uses comparative data based upon similar budget-sized non-profit organizations and their entire compensation package for their chief executives. The executive committee then recommends salaries to the board of directors for approval”

Form 990, Part VI, Section C, Line 19

“Conflict of interest policy and annual reports that include financial information are posted on the organization's website”

Filing and Contact Details

Filer

Filer Name
Project 48 Inc
EIN
83-4515483
Phone
5039360851
Address
2505 SE 11TH AVENUE SUITE 122, PORTLAND, OR 97202

Signing Officer

Name
Brandy Memory
Title
CEO
Phone
5039360851
Signed
2024-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandy Memory
Formed
2019
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
10
Employees
6
Volunteers
50

Preparer

Firm
Novogradac & Company Llp
Address
601 SW 2ND AVE SUITE 1150, PORTLAND, OR 97204
Preparer
Warren R Sebra
Phone
5038212700
Raw XML Appendix347 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/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ESSENTIAL BAGS FOR YOUTH
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL ORDERS FOR ESSENTIAL BAGS ARE PLACED BY PARTNERS ON THE ENTITY WEBSITE . THIS ALLOWS FOR ACCURATE TRACKING OF YOUTH SERVED. THE WEBSITE ORDER FORM IS PASSWORD PROTECTED, SO ONLY PRE-SELECTED PARTNERS ARE ABLE TO ORDER. THEY MUST ENTER SPECIFIC AND DETAILED INFORMATION IN ORDER TO PLACE AN ORDER . THIS ENSURES THAT THE YOUTH MEET OUR CRITERIA FOR RECEIVING SERVICES. WE SERVE ALL FOSTER YOUTH AGES 7-23 IN MULTNOMAH, WASHINGTON AND CLACKAMAS COUNTIES AS THEY ARE TRANSITIONING INTO, WITHIN AND OUT OF THE FOSTER CARE SYSTEM. THEY NEED TO HAVE A CASEWORKER OR APPROVED COMMUNITY PARTNER REQUEST SERVICES FOR THEM. WE PARTNER WITH ODHS CHILD WELFARE AGENCIES AS WELL AS CASA AND OYA. ALL PARTNERS ARE TRAINED ON CRITERIA ON A QUARTERLY BASIS AND ARE AWARE OF ELEGIBILITY FOR REQUESTING SERVICES.
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF FORM 990 ARE PRESENTED TO THE FINANCE COMMITTEE FOR ADOPTION AND THEN FORWARDED TO THE ENTIRE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AN ANNUAL REVIEW IS CONDUCTED EACH YEAR TO ENSURE ALL EMPLOYEES, OFFICERS, DIRECTORS AND TRUSTEES ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH YEAR THE BOARD'S EXECUTIVE COMITTEE USES COMPARATIVE DATA BASED UPON SIMILAR BUDGET-SIZED NON-PROFIT ORGANIZATIONS AND THEIR ENTIRE COMPENSATION PACKAGE FOR THEIR CHIEF EXECUTIVES. THE EXECUTIVE COMMITTEE THEN RECOMMENDS SALARIES TO THE BOARD OF DIRECTORS FOR APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY AND ANNUAL REPORTS THAT INCLUDE FINANCIAL INFORMATION ARE POSTED ON THE ORGANIZATION'S WEBSITE
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
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IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0563305
IRS990/TotalEmployeeCnt06
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0256216
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0256216
IRS990/TotalReportableCompFromOrgAmt0120064
IRS990/TotalRevenueGrp/ExclusionAmt05845
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0569150
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/WebsiteAddressTxt0HTTPS://WWW.PROJECT48.CO/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRANDY MEMORY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-31
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WARREN R SEBRA
ReturnHeader/ReturnTs02024-11-01T11:07:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$115,344
Liabilities
$20,218
Net assets
$95,126
Revenue
$569,150
Expenses
$540,230
Net income
$28,920
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.02$1.33$6.31$5.92$0.40
2023Detailed filing. Detailed filing data is available for this year.$1.15$0.20$0.95$5.69$5.40$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$3.98$3.54$0.44
2021Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.43$0.57$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.36$1.03$0.70$0.33
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.03$0.13$0.10$0.03