Propel Initiative Inc
- Assets
- $19.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stafford, VA
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 81-1160092
Organization Overview
Propel Initiative Inc is located in Stafford, VA. The organization was established in 2016. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Propel Initiative 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 12/2023, Propel Initiative Inc generated $103.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $120.9k during the year ending 12/2023. While expenses have increased by 6.1% 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 |
|---|---|---|---|
Paul J Triller President | 15 | $0 | |
Robert Sgarlata Vice President | 2 | $0 | |
Lisa Hudson Secretarytreasurer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,123 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $827 |
| Total Revenue | $103,948 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,994 |
| Occupancy, rent, utilities, and maintenance | $7,330 |
| Printing, publications, postage, and shipping | $574 |
| Other expenses | $110,953 |
| Total expenses | $120,851 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,437 |
| Other assets | $0 |
| Total assets | $19,437 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,437 |