Project 541
- Assets
- $50.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 04/2014
- Data as of
- 12/2022
- EIN
- 46-3220695
Organization Overview
Project 541 is located in Chattanooga, TN. The organization was established in 2014. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project 541 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, Project 541 generated $117.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $105.4k during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 5 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 |
|---|---|---|---|
Jeffrey Austin- Deceased President | 10 | $0 | |
Kayla Austin Executive Di | 40 | $0 | |
Kendall Austin Treasurer | 10 | $0 | |
Laurie Durham Secretary | 5 | $0 | |
Holly Willis Board Member | 2 | $0 | |
Lynn Loo Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,973 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,973 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,644 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,416 |
| Occupancy, rent, utilities, and maintenance | $97,274 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,059 |
| Total expenses | $105,393 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,444 |
| Other assets | $0 |
| Total assets | $50,444 |
| Total liabilities | $0 |
| Net assets or fund balances | $50,444 |