Project Life Inc
- Assets
- $283.9k
- Revenue
- $126.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Charlotte, NC
- Founding
- 06/2011
- Data as of
- 06/2022
- EIN
- 27-4233680
Organization Overview
Project Life Inc is located in Charlotte, NC. The organization was established in 2011. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 06/2022, Project Life Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Life 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 06/2022, Project Life Inc generated $126.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $233.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT LIFE IS A NATIONAL MOVEMENT TO INCREASE THE POTENTIAL POOL OF BONE MARROW AND TISSUE DONORS BY TESTING AND REGISTERING COLLEGE STUDENTS WITH A SIMPLE CHEEK SWAB.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT LIFE MOVEMENT HAS ONE OVERALL PROGRAM SERVICES MODEL. PROJECT LIFE MOVEMENT (PLM) SAVES LIVES AND CURES DISEASES SUCH AS LEUKEMIA, LYMPHOMA AND SICKLE CELL ANEMIA BY GROWING THE NUMBER OF POTENTIAL BONE MARROW DONORS ON THE NATIONAL BONE MARROW REGISTRY. FOR MANY PATIENTS, A BONE MARROW TRANSPLANT IS THEIR ONLY TREATMENT OPTION, AND, IN MANY CASES, A BONE MARROW TRANSPLANT CAN BE A COMPLETE CURE. 20,000 PATIENTS NEED TRANSPLANTS EVERY YEAR; LESS THAN HALF WILL FIND A MATCH. THE NEED IS GREATER AMONG MINORITIES AS THEY ARE SIGNIFICANTLY UNDER-REPRESENTED ON THE REGISTRY. BOTTOM LINE, THERE ARE NOT ENOUGH PEOPLE ON THE REGISTRY AND THERE IS A DEVASTATING HEALTHCARE INEQUITY FOR SOME GROUPS. PLMS MODEL IS SIMPLE: WE ESTABLISH BONE MARROW DRIVES ON COLLEGE CAMPUSES. PLM IS BECOMING A NATIONAL COALITION OF COLLEGES THAT EMPOWERS STUDENT LEADERS TO HOST DRIVES AND RECRUIT THEIR CLASSMATES TO JOIN THE NATIONAL REGISTRY. BY FOCUSING ON COLLEGE STUDENTS, PLM TARGETS OPTIMAL CANDIDATES FOR NON-RELATED BONE MARROW DONATION FROM BOTH A 2 MEDICAL PERSPECTIVE AND FROM AN ELIGIBILITY PERSPECTIVE. WITH A SIMPLE, QUICK CHEEK SWAB, YOUNG, HEALTHY DONORS REGISTER AT THE YOUNGEST AGE POSSIBLE (18) AND REMAIN ON THE REGISTRY FOR YEARS. OUR MODEL WORKS BECAUSE WE MAKE IT SIMPLE AND TURNKEY FOR THE STUDENTS. WE TRAVEL TO CAMPUS WITH MARKETING MATERIALS, SWAB KITS AND EDUCATIONAL TOOLS. STUDENTS BRING THEIR ENERGY AND RECRUIT THEIR CLASSMATES. WE ARE HIGHLY- COLLABORATIVE AND EMPOWER STUDENTS IN THEIR VOLUNTEER SERVICE PROGRAMMING. IN NOVEMBER 2018, GIFT OF LIFE BECAME PROJECT LIFE MOVEMENTS NEW CLINICAL PARTNER. BE THE MATCH, OUR FORMER CLINICAL PARTNER CEASED SWABBING ON COLLEGE CAMPUSES ON WENT TO A ON-LINE REGISTRY ONLY. GIFT OF LIFE PROVIDES THE SWAB KITS AND HANDLES THE ADDING THE NEW REGISTRANTS ON THE GLOBAL REGISTRY.THE PLM MISSION REMAINS THE SAME: TO ADD MORE PEOPLE TO THE NATIONAL REGISTRY SO THAT ALL PATIENTS, REGARDLESS OF RACE, HAVE A LIFESAVING BONE MARROW MATCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Henegar Executive Dir. | Officer | 40 | $78,750 |
Steve Ball Director | Trustee | 0.5 | $0 |
Paulette Bryant Director | Trustee | 0.5 | $0 |
Shamaree Brown Director | Trustee | 0.5 | $0 |
Ed Balogh Director | Trustee | 0.5 | $0 |
Steven DE George Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,113 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,113 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $126,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,750 |
| Compensation of current officers, directors, key employees. | $15,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,036 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,564 |
| Payroll taxes | $13,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,564 |
| Advertising and promotion | $240 |
| Office expenses | $1,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3 |
| Travel | $9,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $583 |
| All other expenses | $3,378 |
| Total functional expenses | $233,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,930 |
| Savings and temporary cash investments | $0 |
| 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 | $23,702 |
| Net Land, buildings, and equipment | $5,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72 |
| Total assets | $283,871 |
| Accounts payable and accrued expenses | $3,846 |
| 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 | $0 |
| Total liabilities | $3,846 |
| Net assets without donor restrictions | $280,025 |
| Net assets with donor restrictions | $0 |
| 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 | $283,871 |