Green Project Inc

Nonprofit profile at a glance

EIN
721259769
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
New Orleans, LA, USA
Rating
74
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Recycling Programs

Reported finances

Revenue
$446,130
Expenses
$508,941
Assets
$494,805
Liabilities
$167,243

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • KEVIN J MORRIS (VICE PRESIDENT)
  • MICHAEL DALLE MOLLE (PRESIDENT)

People named in this filing

  • ROSA ACHESON (OFFICER)
  • KAREN MCCROSSEN (TREASURER)
  • KEVIN J MORRIS (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Develop a culture of creative reuse by building a marketplace for reclaimed materials, cultivating a respect for their value.

What it reported doing in 2023

Salvage store- through our salvage store, we reclaim usable building materials and resell them to the community at affordable prices. Materials include doors, windows, light fixtures, plumbing supplies, lumber, bricks and stone, tools and more. We intake materials via donation from community members and price them at 30-50% of retail value, depending on condition. Our goal through the salvage store is to reduce the amount of energy and resources needed to create new products while also keeping historic architectural pieces in new orleans.

Operating model

Revenue model
Other-operating. 95% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 100
  • Accountability: 88
  • Sustainability: 31
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.8%; rating input score 69
  • Program expense ratio: 60.3%; rating input score 60
  • Fundraising efficiency: $0.99 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -14.1%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.97; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -7.2% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 68.8% of revenue deployed · 60.3% of spending went to programs
  • Governance: 13 of 13 board members independent · 5 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $307K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 13 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 20/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.