Side Project Inc

Nonprofit profile at a glance

EIN
460769403
IRS 990-EZ coverage
2014–2024
Forms available
Form 990 2022, Form 990-EZ 2024, Form 990-N 2013
Location
West Palm Beach, FL, USA
Phone
8003305807
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Support N.E.C.

Official website

Reported finances

Revenue
$147,292
Expenses
$123,338
Assets
$156,093
Liabilities
$6,153

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

Leadership & pay

11 people listed

Executive titles in this filing

  • Jeffrey Fromknecht (CEO & Managing Attorney)

People named in this filing

  • Jeffrey Fromknecht (CEO & Managing Attorney)
  • Dave Brown (CFO & Board of Directors)
  • Arwen Lavengood Davis (Secretary, Board of Directors & COO)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote social justice and social change by incubating and developing grassroots projects. To promote social justice and social change by incubating and developing grassroots projects. We are a nonprofit incubator and social change accelerator. We believe in the power of grassroots community organizations and work with new projects and initiatives to help them determine their best path forward. Side project oversees new and innovative projects focused on progressive social change.

What it reported doing in 2024

To promote social justice and social change by incubating and developing grassroots projects. We are a nonprofit incubator and social change accelerator. We believe in the power of grassroots community organizations and work with new projects and initiatives to help them determine their best path forward. Side Project oversees new and innovative projects focused on progressive social change. In 2024, we worked on several initiatives focused on creating more inclusive and welcoming communities. These projects include the Pittsburgh Center for Autistic Advocacy, Lawyers4Nonprofits, Erie Food Policy Advisory Council, Sunburst Music Outreach Program, and MAPS.

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 100
  • Sustainability: 58
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75%; rating input score 75
  • Program expense ratio: 89.6%; rating input score 90

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 16.3%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 1.27; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 10.7%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 1.8% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 3.2% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 8.6% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 75% of revenue deployed · 89.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $110K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 6 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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 — Sustainability: Officer compensation ratio scored 20/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.