Project Invest
- Assets
- $643.3k
- Revenue
- $522.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 09/1986
- Data as of
- 08/2021
- EIN
- 13-3315296
Organization Overview
Project Invest is located in Alexandria, VA. The organization was established in 1986. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Invest is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Project Invest generated $522.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $385.1k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO EDUCATE, PREPARE AND ATTRACT DIVERSE NEW TALENT TO THE INSURANCE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVEST IS A GRASSROOTS PROGRAM THAT TEAMS HIGH SCHOOL AND COLLEGE EDUCATORS WITH VOLUNTEERS FROM THE INSURANCE INDUSTRY TO PROVIDE INSURANCE INSTRUCTION VIA AN ONLINE CURRICULUM AND PROMOTE INSURANCE CAREER OPPORTUNITIES TO STUDENTS. INVEST CONTINUES TO SEE GROW RAPIDLY ACROSS THE UNITED STATES IN HIGH SCHOOLS AND COMMUNITY COLLEGES, WITH 33% OF THE SCHOOLS OFFERING THE INVEST PROGRAM TO DIVERSE OR MINORITY-BASED SCHOOL POPULATIONS. IN ADDITION, INVEST CONTINUES TO EXPAND ITS PROGRAMMING WITH WORKFORCE DEVELOPMENT GROUPS THAT SERVE MINORITY POPULATIONS. INVEST CURRENTLY WORKS WITH APPROXIMATELY 950 EDUCATORS AND IS ACTIVE IN 50 STATES WITH OVER 34,500 STUDENTS LEARNING ABOUT INSURANCE AND CAREER OPPORTUNITIES THIS SCHOOL YEAR. INVEST PROVIDES AN INSURANCE EDUCATION AND CAREER PATHWAYS FOR STUDENTS INCLUDING JOB SHADOWING, SCHOLARSHIPS, CAREER COACHING, INTERNSHIPS AND IS PARTNERING WITH SEVERAL INSURANCE APPRENTICESHIP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Shank Chair | OfficerTrustee | 2 | $0 |
Deborah Pickford President/executive Director | Officer | 40 | $0 |
Eugene S Cocke Treasurer | Officer | 0.5 | $0 |
Diane Delaney Board Member | Trustee | 2 | $0 |
Chris Didomizio Board Member | Trustee | 2 | $0 |
Luke Horton Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,000 |
| Government grants | $55,760 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $520,284 |
| Total Program Service Revenue | $0 |
| Investment income | $1,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,812 |
| Pension plan accruals and contributions | $18,700 |
| Other employee benefits | $30,782 |
| Payroll taxes | $16,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,419 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $405 |
| Advertising and promotion | $0 |
| Office expenses | $105 |
| Information technology | $26,247 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $385,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $642,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $355 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $643,258 |
| Accounts payable and accrued expenses | $22,709 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $158,180 |
| Total liabilities | $180,889 |
| Net assets without donor restrictions | $442,235 |
| Net assets with donor restrictions | $20,134 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $643,258 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Project Invest has recieved totaling $17.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $12,750 |
| Ending Balance | $12,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brookings Institution Washington, DC | $492,547,778 | $79,395,655 |
Mercatus Center Inc Arlington, VA | $43,899,623 | $50,106,510 |
Atlas Economic Research Foundation Arlington, VA | $16,820,562 | $19,446,645 |
Institute For Operations Research And The Management Sciences Catonsville, MD | $26,434,538 | $15,117,457 |
Economic Policy Institute Washington, DC | $19,510,723 | $16,459,436 |
Washington Center For Equitable Growth Inc Washington, DC | $11,979,868 | $8,578,592 |
The Economic Club Of Washington Dc Washington, DC | $12,647,182 | $5,525,813 |
Imagine North Carolina First Raleigh, NC | $1,746,999 | $4,219,239 |
Better Markets Inc Washington, DC | $2,865,112 | $2,225,155 |
Partnership For A New American Economy Research Fund Inc Washington, DC | $0 | $2,102,379 |
The Institute For Financial Markets Washington, DC | $6,341,875 | $527,039 |
Virginia Council On Economic Education Richmond, VA | $1,591,140 | $909,613 |