Project Neo

Nonprofit profile at a glance

EIN
273281006
IRS 990-EZ coverage
2014–2016
Forms available
Form 990-EZ 2016, Form 990-N 2011
Location
Monterey Park, CA, USA
Phone
6265730788
Rating
41
Verdict
MIXED
Rating confidence
Moderate
Sector
Student Services, Organizations of Students

Official website

Reported finances

Revenue
$94,004
Expenses
$40,723
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Mary Wong (CEO)

People named in this filing

  • Mary Wong (CEO)
  • Damien Orozco (Chairman)
  • Stan Yonemoto (Vice-Chairman)

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 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Project Neo establishes and maintains a school-based learning program for at-risk youth. Our aim is to reach those where educational achievement can be increased significantly by applying proven techniques at key points of opportunities.

What it reported doing in 2016

Project NEO (Nexus, Enrichment, Opportunities) provides a one-on-one peer based tutoring program that aims to promote academic excellence, individual responsibility and accountability among at-risk youth and provide leadership skills development and mentoring for participating high school and college aged volunteers. The project utilizes a proven peer-to-peer tutoring method during after-school hours that has been extremely effective with youth in disadvantaged and at-risk situations and focuses on core remedial reading, writing, and math strategies essential to sustained academic success.Project NEO staff members work diligently with school-based faculty to identify students experiencing low academic performance in one or multiple core subjects. Research-based assessment data, provided by MetaMetrics, Inc. and K12, Inc., are used to strategically match participants with trained high school or college-level peer tutors who provide individualized tutoring in core subject areas of Science, Technology, Engineering, and Math (STEM), homework assistance, and ongoing educational and emotional support. Students are re-assessed quarterly to track progress and to adjust instruction. As a result of the program, participants have not only experienced higher reading scores, but have more importantly displayed increased confidence levels as well as positive changes in attitudes toward school and learning.In response to the growing number of students who are failing academically, Project NEO leverages community resources to create safe places for these young people to enhance their skills. As part of its leadership development program, Project NEO recently initiated a Student Leaders Board which will consist of 19 bright individuals from local high schools and colleges. The purpose of Project NEO is to enhance the educational skills of at-risk youth and to increase socialization, self-esteem, and communication skills that will empower our young leaders. College and high school-age youth are struggling to find meaningful opportunities to utilize their knowledge in the community that fulfill university and college requirements to continue their education and develop their leadership skills that will carry them through to their future careers. Thus, Project NEO responds to the needs of two groups of young peoplethe youth being tutored and those providing the assistance.As standard school matriculation requires more advanced skills of our youth over time, the deficit of foundational skills creates compounding issues, ultimately impacting all subject areas. Young students experience a downward spiral of achievement, drive, and confidence, leading to remediation and retention. This not only affects the individual students, but also the schools and the school district. Unfortunately, these entities no longer have adequate funding to provide the necessary academic support that would help prevent many of the academic challenges faced by students. Through Project NEO, 2nd -8th grade students performing below grade level are carefully matched with trained high school and college-level tutors to develop these skills, rebuild their self-confidence, and increase their desire to learn.Young people striving for excellence in high school and college are in need of volunteer hours, service learning hours, and even part-time jobs. Through Project NEO, teenagers and young adults can fulfill their aspirations and requirements by tutoring at-risk youth. Project NEO, partnering with local high schools and colleges, identifies tutors and provides them with in-depth training that allows them to work with their younger counterparts by providing holistic support to address their individual academic needs, cultural differences, and language barriers.Through our community partnerships with California State University of Los Angeles (CSULA), East Los Angeles College (ELAC) and local high schools (Mark Keppel, San Gabriel, Don Bosco Technical Institute, and Ramona Conven

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

MIXED - The filed numbers largely add up. 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: 7
  • Transparency & Controls: 82
  • Sustainability: 51
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 4.7%; rating input score 5
  • Program expense ratio: 10.8%; rating input score 11

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 56.7%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -59.7% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 17% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: -62.3% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 4.7% of revenue deployed · 10.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $4K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2014 to 2016
  • 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.

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

  • High — Financial Efficiency: Mission deployment rate scored 5/100.
  • High — Financial Efficiency: Program expense ratio scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.