Project Reap
- Assets
- $777.3k
- Revenue
- $536.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Boston, MA
- Founding
- 06/2001
- Data as of
- 12/2022
- EIN
- 52-2291039
Organization Overview
Project Reap is located in Boston, MA. The organization was established in 2001. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Project Reap employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Reap 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 Reap generated $536.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $474.2k during the year ending 12/2022. 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
EDUCATION & PROMOTION OF NETWORKING OPPORTUNITIES IN REAL ESTATE MANAGEMENT FOR MINORITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED ACADEMIES OFFERING A 10-WEEK VIRTUAL AND IN-PERSON LEARNING PROGRAM FOR 150 STUDENTS. CONDUCTED 3 ADVANCED LEARNING VIRTUAL SESSIONS AVAILABLE TO 1,800 ALUMNI,TOGETHER WITH 7 IN-PERSON NETWORKING EVENTS. PRODUCED 5 THOUGHT LEADERSHIP PUBLICATIONS AND 5 NEWSLETTERS. MAINTAINED A JOB BOARD AND A SCHOLARSHIP FUND TO SUPPORT THE CONTINUING ADVANCEMENT OF ALUMNI.
CONTINUED COLLABORATION WITH TWO EXPERTS IN THE FIELD OF COMMUNITY DEVELOPMENT FINANCE ESTABLISHING A NEW INITIATIVE TO FACILITATE THE ENTRY OF MINORITY PROFESSIONALS INTO THAT FIELD. MARKETED THE PROGRAM TO REAP ALUMNI AND ATTRACTED APPLICATIONS FOR INTERNSHIPS. ARRANGED FOR A COORDINATOR AND PUBLICIST TO ADMINISTER THE PROGRAM. ARRANGED FOR THE HOSTING OF SPONSORSHIP SUPPORT. PUBLICIZED THE PROGRAM TO THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manikka Bowman Executive Dir. | Officer | 0 | $135,474 |
See List Of Unpaid Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,150 |
| All other contributions, gifts, grants, and similar amounts not included above | $441,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,757 |
| Total Program Service Revenue | $79,782 |
| Investment income | $202 |
| 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 | $536,741 |
| 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. | $135,474 |
| Compensation of current officers, directors, key employees. | $27,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,300 |
| Payroll taxes | $13,018 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $135,717 |
| Advertising and promotion | $0 |
| Office expenses | $574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,620 |
| Travel | $5,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,562 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,649 |
| All other expenses | $18,261 |
| Total functional expenses | $474,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $487,297 |
| Savings and temporary cash investments | $202,498 |
| Pledges and grants receivable | $84,325 |
| 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 | $3,180 |
| 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 | $777,300 |
| Accounts payable and accrued expenses | $12,022 |
| 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 | $12,022 |
| Net assets without donor restrictions | $656,717 |
| Net assets with donor restrictions | $108,561 |
| 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 | $777,300 |