Project Pericles Inc
Nonprofit profile at a glance
- EIN
- 134097541
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-PF 2011
- Location
- New York, NY, USA
- Phone
- 2129864496
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Private Operating Foundations
Reported finances
- Revenue
- $617,414
- Expenses
- $732,820
- Assets
- $4,537,808
- Liabilities
- $46,387
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
People named in this filing
- RONALD B COLE (Chairman)
- LAUREN S MCGRAIL (VICE CHAIR)
- DAVID A CAPUTO (Treasurer)
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
Project Pericles is a higher education nonprofit dedicated to advancing civic participation and social responsibility across college campuses. Through faculty leadership programs, community-engaged learning, and co-curricular initiatives, we equip faculty and students with the knowledge, skills, and resources to address societys most pressing challenges. In collaboration with our consortium of colleges and universities ("Pericleans"), we foster institutional commitments to ensure that active civic participation is woven throughout the curriculum and campus culture. By providing funding opportunities, national convenings, and thought leadership, Project Pericles strengthens higher educations role in preparing students for lives of meaningful impact and public purpose.
What it reported doing in 2024
Community-Engaged Learning and Civic Engagement Grants Program: Project Pericles offers grants to empower faculty and staff in helping students address real-world challenges and develop civic capacities. Periclean Faculty Leader and Course Enhancement grants ($3,000-$4,500) support courses that tackle real-world issues and/or benefit local communities. Civic Engagement Mini-Grants ($1,000) fund collaborative projects addressing public issues and encouraging civic participation. Recipients document their processes and outcomes to inspire future initiatives. Together, these grants foster broader civic engagement, enhance student learning, and promote community well-being through inclusive, real-world applications of academic knowledge and co-curricular experiences.
Operating model
- Revenue model
- Investment-supported. 66% of the money available for current operations came from recurring investment income.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 93
- Accountability: 82
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.6%; rating input score 97
- Program expense ratio: 76%; rating input score 76
- Fundraising efficiency: $2.5 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -18.7%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 6.19; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 96.6% of revenue deployed · 76% of spending went to programs
- Governance: 13 of 13 board members independent · 4 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $557K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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: Fundraising efficiency scored 7/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Sustainability: Operating margin scored 10/100.