Project Change Inc
Nonprofit profile at a glance
- EIN
- 475150878
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024
- Location
- Davie, FL, USA
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $46,680
- Expenses
- $73,649
- Assets
- $50,719
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- CHERYL DENE SPRING (PRESIDENT)
People named in this filing
- ANNE REINSTEIN (VICE PRESIDE)
- CHERYL DENE SPRING (PRESIDENT)
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
The mission of project change inc. Is to launch projects and support programs that are dedicated to building orphanages, schools, and rehabilitation centers internationally. Project change, inc.'s donors have the option of diversifying their participation and gifts. Whether it is building a home for children with disabilities, creating curriculum for a new school, or designing a rehabilitation center for children to recover from traumatic events, there are many options. All of our programs are designed to create stable, loving, and nurturing environments where children can feel empowered and actively participate in the transformation of their own lives. Most importantly, we do the research and qualify the projects to ensure donor's gifts go where they are intended to go. We monitor the success and provide weekly updates on the progress of the project.
What it reported doing in 2024
Financial assistance for the purpose of building safe housing, schools, and trade centers in remote areas of uganda. Project change is committed to providing a safe environment for children to escape homelessness and have the opportunity to thrive by receiving education through sponsorship or learning skills in our trade center.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 82% of its reported program spending out as grants.
The verdict
MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 61
- Accountability: 6
- Sustainability: 34
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.3%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Claims monitoring procedures: Fail
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 50%; rating input score 50; 45th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -57.8%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: -5.3% per year; rating input score 0; 42nd percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.3% of spending went to programs
- Governance: 0 of 2 board members independent · 1 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $72K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 4 filed schedules · includes foreign activity
- Filing history: 9 filing years from 2015 to 2024
- 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 — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Review — Transparency & Controls: Grant itemization coverage scored 50/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.