Project Sleep

Nonprofit profile at a glance

EIN
463665317
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
Los Angeles, CA, USA
Phone
3235778923
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Specifically Named Diseases

Reported finances

Revenue
$1,117,298
Expenses
$871,464
Assets
$715,302
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • JULIE LOUISE FLYGARE (President & CEO)

Highest reported compensation

  • JULIE LOUISE FLYGARE (President & CEO): $118,313 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Believing in the value of sleep, project sleep aims to improve public health by educating individuals about the importance of sleep health and sleep disorders. Project sleep will educate and empower individuals using events, campaigns and programs to bring people together and talk about sleep as a pillar of health.

What it reported doing in 2024

Sleep Apnea Education & Awareness Program - The program aims to:1. Improve the lives of people living with sleep apnea and their loved ones by increasing accurate information and education available, developed by an independent, well-established non-profit organization with a track record for excellence in collaboration with leading sleep apnea experts including patient advocates, clinicians, and researchers2. Reduce delays to proper diagnosis of sleep apnea by accelerating innovative and effective awareness, leveraging Project Sleeps current programming while also building new high-impact initiatives 3. Reduce the stigma and stereotypes of sleep apnea by elevating diverse, under-represented voices, photos, and videos of real people living with sleep apnea from Project Sleeps growing sleep apnea community In July 2024, the Sleep Apnea Education and Awareness Program launched the Sleep Apnea Squad, an educational program covering various topics to help people living with sleep apnea navigate both the medical journey and the social experience. Given that people have different learning styles, the Sleep Apnea Squad develops well-vetted accurate content to be disseminated in various formats including live broadcasts, video recordings, toolkit PDFs, podcast episodes, social media, and via Project Sleeps Sleep Helpline.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 96% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 75
  • Accountability: 90
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.5%; rating input score 72
  • Program expense ratio: 93.2%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • 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: Pass
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 22%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 0.82; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 13.6%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 31.6% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 29.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 30.2% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 72.5% of revenue deployed · 93.2% of spending went to programs
  • Governance: 10 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 7 filed program accomplishments · $812K in reported program spending
  • Leadership: top reported pay $118K · 11 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 8 filing years from 2016 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.