Civic Intelligence

Project Evident Inc.

990 • Fiscal year 2022 • EIN 88-3216649

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 24, 2023

501 Boylston Street - 10th FloorBoston, MA 02116

(617) 676-8056

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

98th percentile

$363,277

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 61.5% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Assets

$441,871

No earlier filing loaded for comparison.

Net Assets

$441,871

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$590,660

No earlier filing loaded for comparison.

Expenses

$148,789

No earlier filing loaded for comparison.

Net Income

$441,871

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2022: $441,871Liabilities 2022: $0Net Assets 2022: $441,8712022Assets 2023: $4,298,374Liabilities 2023: $170,601Net Assets 2023: $4,127,7732023Assets 2024: $9,256,576Liabilities 2024: $215,750Net Assets 2024: $9,040,8262024

Highlighted filing

2022

Assets$441,871
Liabilities$0
Net Assets$441,871

Operations Trend

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

$15M$10M$5.0M$0Revenue 2022: $590,660Expenses 2022: $148,789Net Income 2022: $441,8712022Revenue 2023: $6,469,116Expenses 2023: $2,783,214Net Income 2023: $3,685,9022023Revenue 2024: $10,544,459Expenses 2024: $5,631,406Net Income 2024: $4,913,0532024

Highlighted filing

2022

Revenue$590,660
Expenses$148,789
Net Income$441,871
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 24, 2023
Return Version
2022v5.0
Gross Receipts
$590,660
Mission and Program Overview

Mission

Project Evident provides data analysis, evaluation technical assistance, tools and research for the purpose of improving social and educational outcomes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$441,871▲ $441,871
Total Assets$0$441,871▲ $441,871
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$441,871▲ $441,871
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$441,871▲ $441,871
Total Liabilities and Net Assets / Fund Balance$0$441,871▲ $441,871
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly FitzsimmonsCEO, Treas thru 7/31/22, Bd member thru 12/31/22FT$350,127$13,150$363,277
Bi VuongManaging DirectorFT$249,312$12,403$261,715

Board Members and Trustees

NameTitle
Archie JonesChairman
Daniel CardinaliSecretary
Mark D'AgostinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$552,500
Program Service Revenue
$37,500
Investment Income
$0
Other Revenue
$660
All Other Contributions
$552,500
Change in Net Assets
$441,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$81,861
Other Expenses$66,928
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$6,159$57,820-$63,979
Other Salaries and Wages$46,679$0-$46,679
Current Officers, Directors, Trustees, and Key Employees$0$28,397-$28,397
Payroll Taxes$4,208$2,577-$6,785
Fees for Services Accounting$1,929$0-$1,929
Office Expenses$410$261-$671
Insurance$0$349-$349
Total Functional Expenses$59,385$89,404$0$148,789
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
Yes
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
Yes
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 A, Line 7A

Project Evident's directors serve concurrently as its members.

Form 990, Part VI, Section B, Line 11B

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing this form? Yes. The organization's audit committee reviews and approves the Form 990. Once that review and approval is completed, a complete copy of the Form 990 is provided to all members of its board at least one week prior to filing. Members have the opportunity to ask questions and make comments, after which the form is amended, if necessary and appropriate, and filed.

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

Did the organization regularly and consistently monitor and enforce compliance with the policy? Yes. Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage comply with the policy, and d. Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage

Form 990, Part VI, Section B, Line 13

Did the organization have a written whistleblower policy? The organization did not have this policy in 2022 but adopted one in 2023.

Form 990, Part VI, Section B, Line 14

Did the organization have a written document retention and destruction policy: The organization did not have this policy in 2022 but adopted one in 2023.

Form 990, Part VI, Section B, Line 15

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? In 2022, the organization was fiscally sponsored. The fiscal sponsor paid the majority of compensation.

Form 990, Part VI, Section C, Line 19

Describe on Schedule O whether (and if so, how) the organization made its governing documents, conflict of interestpolicy, and financial statements available to the public during the tax year. These documents are available to view upon request.

Form 990, Part VII, Section A, Line 1A

In 2022, Project Evident was fiscally sponsored and staff were employed by the fiscal sponsor. As such, most of the work that the organization completed (and compensation information) is reported by the sponsor, who is not a related organization.

Filing and Contact Details

Filer

Filer Name
Project Evident Inc
EIN
88-3216649
Phone
6176768056
Address
501 Boylston Street - 10th Floor, Boston, MA 02116

Signing Officer

Name
Kelly Fitzsimmons
Title
Chief Executive Officer
Phone
6176768056
Signed
2023-10-24

Organization Details

Principal Officer
Kelly Fitzsimmons
Formed
2022
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
3
Volunteers
3
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

In 2022, Project Evident was fiscally sponsored and staff were employed by the fiscal sponsor. As such, most of the work that the organization completed (and compensation information) is reported by the sponsor, who is not a related organization.

Form 990, Part XII, Line 2B

No. The organization's 2022 financial statements will be audited by an independant auditor. The organization is presently undergoing an independant financial statement audit for the 2022 financial statements.

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IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt00
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt00
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt07440
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt029758
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt00
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt00
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt00
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt029758
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt00
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt00
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt00
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt00
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt00
IRS990ScheduleC/GrassrootsCeilingAmt011160
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt07440
IRS990ScheduleC/LobbyingCeilingAmt044637
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt029758
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0148789
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0148789
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0350127
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1249312
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount12000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt013150
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt110403
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kelly Fitzsimmons
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Bi Vuong
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO, Treas thru 7/31/22, Bd member thru 12/31/22
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Managing Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0363277
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1261715
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Part 1 - Question 3. The CEO (Kelly Fitzsimmons) of the organization (Project Evident) received compensation for services rendered as an officer of Project Evident from an unrelated organization, Tides Foundation, which was the organization's fiscal sponsor for all of 2022. The CEO (Kelly Fitzsimmons) received from Tides a form W-2 in the amount of $321,730 and deferred compensation of $13,150 for services provided to Project Evident in 2022. She also received a form W-2 in the amount of $28,397, with no deferred compensation, from Project Evident. The Managing Director (Bi Vuong) of the organization (Project Evident) received compensation for services rendered as an officer of Project Evident from an unrelated organization, Tides Foundation, which was the organization's fiscal sponsor for all of 2022. The MD (Bi Vuong) received from Tides a form W-2 in the amount of $240,093 and deferred compensation of $10,403 for services provided to Project Evident in 2022. She also received a form W-2 in the amount of $11,219, with no deferred compensation, from Project Evident.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In 2022, Project Evident was fiscally sponsored and staff were employed by the fiscal sponsor. As such, most of the work that the organization completed (and compensation information) is reported by the sponsor, who is not a related organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Project Evident's directors serve concurrently as its members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing this form? Yes. The organization's audit committee reviews and approves the Form 990. Once that review and approval is completed, a complete copy of the Form 990 is provided to all members of its board at least one week prior to filing. Members have the opportunity to ask questions and make comments, after which the form is amended, if necessary and appropriate, and filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Did the organization regularly and consistently monitor and enforce compliance with the policy? Yes. Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage comply with the policy, and d. Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Did the organization have a written whistleblower policy? The organization did not have this policy in 2022 but adopted one in 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Did the organization have a written document retention and destruction policy: The organization did not have this policy in 2022 but adopted one in 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? In 2022, the organization was fiscally sponsored. The fiscal sponsor paid the majority of compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Describe on Schedule O whether (and if so, how) the organization made its governing documents, conflict of interestpolicy, and financial statements available to the public during the tax year. These documents are available to view upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8In 2022, Project Evident was fiscally sponsored and staff were employed by the fiscal sponsor. As such, most of the work that the organization completed (and compensation information) is reported by the sponsor, who is not a related organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9No. The organization's 2022 financial statements will be audited by an independant auditor. The organization is presently undergoing an independant financial statement audit for the 2022 financial statements.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VII, Section A, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part XII, Line 2b
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt0441871
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0441871

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