Better Business Bureau Report for
Project One

Better Business Bureau Report issued September 2017
Better Business Bureau Report expires September 2019


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Project One
Address: 2600 W. Broadway, Suite 301
  Louisville, KY 40211
Phone: 502-778-1003
Web Address: www.project1inc.org
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Better Business Bureau Comments

Year, State Incorporated: 1996, Kentucky
Affiliates: None
Stated Purpose: To serve and improve the education and work-based learning skills of youth and young adults in economically disadvantaged communities by providing before and after school programs, academic tutoring, leadership training, mentoring, college selection support, supporting high school and post-secondary graduations, job shadowing, summer jobs, internships and healthy life-long learning solutions that bring about economic empowerment and self-sufficiency.

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Evaluation Conclusions

              

Project One meets the 20 Standards for Charity Accountability.
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Programs

              

Summer Jobs, Pre-employment and Work-maturity Skills Training, After-School activities for economically disadvantaged youth, TAG (Talent And Gifted) Youth,Community Scholars Programs, Fatherhood Programs

For the fiscal year ended December 31, 2016, Project One's program expenses were:

  
Program Services 247,414
Total Program Expenses: $247,414
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Governance

              

Chief Executive : Charles J. King, Jr,, President
Compensation*: 
$

Chair of the Board: Dr. Jonathan Lott
Chair's Profession / Business Affiliation: Clergy

Co-Chair of the Board : Jesse Daniels

Chair's Profession / Business Affiliation: Educator

Board Size: 14

Paid Staff Size: 0

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Invitations to fund raising events, grant proposals, website appeals
Fund raising costs were 5% of related contributions. (Related contributions, which totaled $356,050, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Project One's CPA reviewed financial statements and IRS Form 990 for the fiscal year ended December 31, 2016.


Source of Funds  
Foundation 138,915
Individual Gifts 49,305
Other Income (including Job-A-Thon) 40,250
Metro Louisville Grants 36,130
CME Church 32,480
30th Anniversary Gala 30,780
Corporations 28,190
Total Income $356,050


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Uses of Funds as a % of Total Expenses

Programs: 70%  Fund Raising: 5%  Administrative: 25% 

Total income $356,050
Program expenses $247,414
Fund raising expenses 17,324
Administrative expenses 88,711
Total expenses $353,449
Income in Excess of Expenses 2,601
Beginning net assets 0
Ending net assets 2,601
Total liabilities 353,449
Total assets $356,050


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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