Project 150
- Assets
- $3.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Las Vegas, NV
- Founding
- 08/2012
- Data as of
- 06/2022
- EIN
- 45-6645161
Organization Overview
Project 150 is located in Las Vegas, NV. The organization was established in 2012. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Project 150 employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project 150 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 150 generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP AND SERVE THE HIGH SCHOOL HOMELESS OF CLARK COUNTY NEVADA. THIS WILL BE ACCOMPLISHED THROUGH A PUBLIC OUTREACH AND GRASSROOTS EFFORT THAT ASSISTS ALL HIGH SCHOOLS IN THE AREA. OUR EFFORTS WILL BE TO RAISE AWARENESS OF THESE STUDENTS AND TO PROVIDE SUPPORT TO MEET THOSES NEEDS. THIS WILL BE ACCOMPLISHED THROUGH DIRECT INTERACTION WITH THE SCHOOL ADMINISTRATORS, LOCAL BUSINESS, CIVIC, AND GOVERNMENT LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
69 SCHOLARSHIPS WERE PROVIDED TO STUDENTS WORTH APPROXIMATELY $183,000. PROJECT 150 PROVIDES COLLEGE/TRADE SCHOOL SCHOLARSHIPS TO STUDENTS WHO ARE INTERESTED IN MOVING ON TO HIGHER EDUCATION. AWARDS ARE DISTRIBUTED DIRECTLY TO THE IN-STATE COLLEGES/TRADE SCHOOLS AND ARE ANNOUNCED ANNUALLY AT OUR SCHOLARSHIP AWARD LUNCHEON IN JUNE.
FOOD DISTRIBUTION PROGRAM: PROVIDED 6,143 FAMILY MEAL BAGS, 5,824 FRESH FOOD BAGS AND 4,780 FAMILY MEAL BOXES TO HIGH SCHOOL STUDENTS AND THEIR FAMILIES. PROJECT 150 PROVIDES WEEKLY FOOD, HYGIENE, AND SCHOOL SUPPLY DELIVERIES TO ALL 72 CLARK COUNTY HIGH SCHOOLS. FAMILY MEAL BAGS PROVIDE FOOD FOR A FAMILY OF FOUR.
BETTY'S BOUTIQUE PROVIDES NEW OR GENTLY USED CLOTHING FOR HIGH SCHOOL STUDENTS. STUDENTS CAN SHOP FOR FREE, ONCE A MONTH. SERVICES PROVIDED INCLUDE: CLOTHING, ACCESSORIES AND SHOES. ADDITIONAL FOOD, HYGIENE PRODUCTS, AND SCHOOL SUPPLIES ARE AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Kristo Executive Director | Officer | 40 | $91,212 |
Chet Buchanan Member | OfficerTrustee | 20 | $0 |
Patrick Spargur Immediate Past President/co | OfficerTrustee | 20 | $0 |
Stacey Miller Eisenberg Member | OfficerTrustee | 20 | $0 |
Kate White Member | OfficerTrustee | 20 | $0 |
Robert B Mcbeath Member | OfficerTrustee | 20 | $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 | $2,751,872 |
| Noncash contributions included in lines 1a–1f | $791,763 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,751,872 |
| Total Program Service Revenue | $0 |
| Investment income | $12,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,797,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $979,494 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,212 |
| Compensation of current officers, directors, key employees. | $91,212 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,424 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $80,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,338 |
| Fees for services: Accounting | $13,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,902 |
| Advertising and promotion | $14,531 |
| Office expenses | $78,576 |
| Information technology | $510 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $939 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,550 |
| Insurance | $58,292 |
| All other expenses | $26,807 |
| Total functional expenses | $1,951,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,098,045 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,893 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $295,255 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $636,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,788 |
| Total assets | $3,042,728 |
| Accounts payable and accrued expenses | $0 |
| 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 | $15,599 |
| Total liabilities | $15,599 |
| Net assets without donor restrictions | $0 |
| 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 | $3,027,129 |
| Total liabilities and net assets/fund balances | $3,042,728 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Project 150 has recieved totaling $39,000.
| Awarding Organization | Amount |
|---|---|
Bergelectric Charitable Foundation Carlsbad, CA PURPOSE: CHARITABLE | $14,000 |
Vincent C Immordino Charitable Foundation Henderson, NV PURPOSE: GENERAL FUND | $10,000 |
Lanie Foundation Las Vegas, NV PURPOSE: GENERAL FUND | $10,000 |
The William A And Ethel M Mccall Foundation Henderson, NV PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sacramento Steps Forward Sacramento, CA | $15,140,259 | $24,231,781 |
Homeless Health Care Los Angeles Los Angeles, CA | $8,128,403 | $13,751,798 |
Midnight Mission Los Angeles, CA | $50,984,138 | $13,160,937 |
Community Action Services And Food Bank Inc Provo, UT | $5,489,511 | $12,482,140 |
Bakersfield Homeless Center Bakersfield, CA | $13,790,228 | $12,306,523 |
Sacramento Loaves And Fishes Sacramento, CA | $12,311,750 | $9,677,845 |
Housing Matters Santa Cruz, CA | $19,917,319 | $18,340,191 |
Shelter The Homeless Committee Inc Salt Lake City, UT | $80,598,080 | $5,255,300 |
Alameda Point Collaborative Inc Alameda, CA | $6,568,477 | $6,081,586 |
Solutions For Change Inc Vista, CA | $11,073,886 | $4,496,637 |
Family Supportive Housing Inc San Jose, CA | $13,712,623 | $4,496,794 |
Society St Vincent De Paul Alameda Oakland, CA | $6,655,222 | $6,341,865 |