I58 Projects Inc
- Assets
- $4.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, FL
- Founding
- 05/2004
- Data as of
- 12/2022
- EIN
- 22-3874181
Organization Overview
I58 Projects Inc is located in Jacksonville, FL. The organization was established in 2004. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. I58 Projects Inc 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 12/2022, I58 Projects Inc generated $3.2m in total revenue. All expenses for the organization totaled $201.6k during the year ending 12/2022. While expenses have increased by 56.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifford Rainer Director | 0 | $0 | |
Flint Mcglaughlin President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,243,890 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,243,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $47,063 |
| Taxes | $1,177 |
| Depreciation | $7,713 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $250 |
| Printing and publications | $0 |
| Other expenses | $57,394 |
| Total operating and administrative expenses | $201,609 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $201,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,283 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $600 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $101,619 |
| Other assets | $4,133,276 |
| Total assets | $4,285,778 |
| Accounts payable and accrued expenses | $1,621 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,241,876 |
| Total liabilities | $1,243,497 |
Grants Awarded
Over the last fiscal year, I58 Projects Inc has awarded $13,488 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CIRCLE OF LOVE MINISTRIES PURPOSE: GENERAL | $6,000 |
NEW LEAF FOUNDATION PURPOSE: SCHOLARSHIPS FOR SPECIAL NEEDS CHILD | $5,000 |
AMERICAN BRAIN TUMOR ASSOCIATION PURPOSE: GENERAL | $1,000 |
DANIEL GUPTA PURPOSE: ORPHANED CHILDREN IN INDIA | $1,000 |
REDEEMER CHURCH PURPOSE: GENERAL | $488 |