Project 658
Legal name: Project 658 Inc
Nonprofit profile at a glance
- EIN
- 462956418
- IRS 990 coverage
- 2018–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Charlotte, NC, USA
- Phone
- (704) 733-9934
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Ethnic, Immigrant Centers
- Affiliation
- Christianity
Reported finances
- Revenue
- $4,041,739
- Expenses
- $3,742,389
- Assets
- $3,921,083
- Liabilities
- $802,048
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Eric Bernier (Former CEO)
Highest reported compensation
- Eric Bernier (Former CEO): $80,211 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To walk alongside immigrant and refugee families, helping them to thrive and belong.
What it reported doing in 2024
Provide holistic programs and services that support immigrant and refugee individuals and families through English language instruction, youth and outreach initiatives including sports-based programming, vocational training and workforce development, and accessible medical and behavioral health services.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 87
- Accountability: 90
- Sustainability: 52
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.1%; rating input score 70
- Program expense ratio: 75.8%; rating input score 76
- Fundraising efficiency: $30.84 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.4%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 1.05; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 12.3% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 14.3% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 11.7% per year; rating input score 100; 65th percentile among comparable filings
Details
- What they do: 14 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: 70.1% of revenue deployed · 75.8% of spending went to programs
- Governance: 6 of 6 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.8M in reported program spending
- Leadership: top reported pay $80K · 8 people listed
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Operating margin scored 57/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.