Project 1649 Inc
Nonprofit profile at a glance
- EIN
- 462161843
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Janesville, WI, USA
- Phone
- 6083145501
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $799,903
- Expenses
- $664,739
- Assets
- $546,409
- Liabilities
- $65,130
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
People named in this filing
- Bobbie Kedrowski (Chairperson)
- Sheryl Hooker (Vice Chairperson)
- Melanie Mussey (Treasurer)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Project 1649 operates two transitional living homes and provides outreach and assistance to unaccompanied homeless youth in Rock County WI. Supportive services outlined in Schedule I are also provided. Project 1649 staff work with local schools and service agencies to ensure youth's basic needs are met, and that they have access to other services/support they need to become independent adults.
What it reported doing in 2024
Project 1649 provides basic needs assistance for more than 300 unaccompanied homeless youth in Rock County WI each year and provides direct assistance and case management to approximately 90 youth. The organization also operates two supervised transitional living homes (one for females and one for males) which serve 30-40 youth annually. Project 1649 provides youth (transitional living home residents, community case management participants, and in-school workshop participants) with opportunities to learn and develop important independent living/life skills. In 2024, the transitional living homes served 34 youth. 94% of residents graduated or were attending school regularly, the program achieved a 100% positive exit rate, 85% obtained/increased employment and 95% of youth increased their self-sufficiency score in two or more of five key areas.
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 79% for direct work, and 21% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.6%; rating input score 78
- Program expense ratio: 93.3%; rating input score 93
- Fundraising efficiency: $52.4 raised per $1 spent on fundraising; rating input score 78; 78th 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: 100%; rating input score 100; 76th percentile among comparable filings
- 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: 7 of 7 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.9%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 6.8% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 77.6% of revenue deployed · 93.3% of spending went to programs
- Governance: 13 of 13 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $620K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 47 of 47 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 5 filing years from 2020 to 2024
- 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.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.