Project Bee

Nonprofit profile at a glance

EIN
450227018
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Minot, ND, USA
Phone
7018381812
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Young Men's or Women's Associations

Reported finances

Revenue
$1,640,509
Expenses
$779,860
Assets
$3,895,540
Liabilities
$602,544

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • TARINA CROOK (PRESIDENT)
  • LIZ LARSEN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LIZ LARSEN (EXECUTIVE DIRECTOR): $85,913 total reported compensation
  • JESSICA BIEL (BOOKKEEPER): $47,976 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Project bee provides client-centered care for rural communities. The organization is committed to providing equity through its antipoverty programs and wrap-around services. Every person deserves dignity and respect.

What it reported doing in 2022

From one night to two months, the emergency shelter program provides a safe, clean environment for homeless individuals and families. The goal of the emergency shelter program is to be a rapid-rehousing model, with most stays being 30-60 days. While in the program, an experienced case manager and support staff help guide the client through the process of developing a comprehensive, reality-based plan for ensuring a secure future in stable housing.

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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 86
  • Accountability: 82
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 27.1%; rating input score 27
  • Program expense ratio: 57.1%; rating input score 57
  • Fundraising efficiency: $17.26 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 21st 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 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 52.5%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 5; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 17.2%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 10.7% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 8.6% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 27.1% of revenue deployed · 57.1% of spending went to programs
  • Governance: 9 of 9 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $445K in reported program spending
  • Leadership: top reported pay $86K · 11 people listed
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 12 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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: Mission deployment rate scored 27/100.
  • Review — Financial Efficiency: Program expense ratio scored 57/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 54/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 18/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.