Project 5810 Inc

Nonprofit profile at a glance

EIN: 461253482
IRS 990-EZ coverage: 2013–2025
Forms available: Form 990-EZ 2025
Location: Somerset, KY, USA
Phone: 6063052425
Rating: 87
Verdict: STRONG
Rating confidence: Moderate
Sector: Food Programs

Reported finances

Revenue: $164,867
Expenses: $163,472
Assets: $101,916

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

Bo Pyles (Vice President)
Julie Peterson (President)

People named in this filing

Libby Morris (Director)
Bo Pyles (Vice President)
Dave Ledford (Secretary)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Project 58:10 was created after it came to our attention that certain children in our local school systems did not have adequate food at home. The only meals that some of these children were eating was at school and they were doing without on weekends and long breaks.

What it reported doing in 2025

Our purpose is to provide meals for children who do not have adequate food at home. Our initial delivery was 11 bags of food - now our delivery has grown to over 450 bags of food weekly to 22 local schools. We estimate we have provided food to children in excess of 12,000 times during the tax year.

Operating model

Revenue model: Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

Financial Efficiency: 99
Transparency & Controls: 82
Sustainability: 36
Growth: 60

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 99.2%; rating input score 99
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: 0.8%; rating input score 34; 34th percentile among comparable filings
Total-asset coverage ratio: 0.62; rating input score 44; 44th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

Program expense growth: 0.8% per year; rating input score 100; 31st percentile among comparable filings
Revenue growth: -0.5% per year; rating input score 0; 17th percentile among comparable filings
Asset growth: 6% per year; rating input score 100; 46th percentile among comparable filings

Details

Where the money goes: 99.2% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $163K in reported program spending
Leadership: top reported pay $0 · 5 people listed
Consistency: 6 of 6 current checks pass
Schedules: 2 filed schedules
Filing history: 12 filing years from 2013 to 2025
Contacts: How to reach this organization
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 — Growth: Revenue growth scored 0/100.
Moderate — Sustainability: Operating margin scored 34/100.
Moderate — Sustainability: Total-asset coverage ratio scored 44/100.