Project 375 Inc

Nonprofit profile at a glance

EIN
461506251
IRS 990 coverage
2016–2018
Forms available
Form 990 2018, Form 990-N 2012
Location
Chicago, IL, USA
Phone
3129880243
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Mental Health, Crisis Intervention N.E.C.

Official website

Reported finances

Revenue
$491,959
Expenses
$580,073
Assets
$169,144
Liabilities
$40,946

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Carissa Johnson (President)

Highest reported compensation

  • Carissa Johnson (President): $127,380 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

PROJECT 375 is a national non-profit dedicated to unlocking human potential through conversation, education, and inspiration.

What it reported doing in 2018

PROJECT 375 is a national non-profit dedicated to unlocking human potential through conversation, education, and inspiration. In 2017, PROJECT 375 along with its founders Brandon and Michi Marshall, were honored by the Mental Health Association for their tireless advocacy for the mental health community.Through our program, PROJECT PREVENT weve trained over 1,500 adults in Youth Mental Health First Aid (YMHFA), in nearly 35 communities across the country. Each training teaches parents, teachers, school staff, peers, human services workers, and other caring citizens how to help an adolescent (age 12-18) who is experiencing a mental health challenge. During our Mind over Matter talks, Brandon and Michi travel across the nation to visit schools and speak to students about the importance of mental health. They have shared their journey as it relates to raising awareness for the mental health community to over 15,000 students throughout the country.PROJECT 375 has continued strong partnership with the National Council for Behavioral Health and Mental Health Association in New York State (MHANYS) to implement Youth Mental Health First Aid (YMHFA). Our partnership with University of Central Florida (UCF) and their College of Community Innovation and Education has answered the demand for learning, economic development and social and cultural engagement. Together, we have trained over 275 students on campus.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 86
  • Accountability: 95
  • Sustainability: 16
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.4%; rating input score 80
  • Program expense ratio: 68.2%; rating input score 68
  • Fundraising efficiency: $6.71 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 83.9%; rating input score 84; 46th 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 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: -17.9%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 22%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -24.5% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 10.2% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 26.2% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 80.4% of revenue deployed · 68.2% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $395K in reported program spending
  • Leadership: top reported pay $127K · 11 people listed
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2016 to 2018
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • High — Sustainability: Operating margin scored 14/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.