Project Echo
- Assets
- $392.6k
- Revenue
- $242.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Santa Monica, CA
- Founding
- 11/1996
- Data as of
- 12/2022
- EIN
- 95-4580212
Organization Overview
Project Echo is located in Santa Monica, CA. The organization was established in 1996. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Project Echo employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Echo 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 Echo generated $242.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $215.0k during the year ending 12/2022. While expenses have increased by 7.5% per year over the past 8 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
TEACHING BUSINESS AND MANAGEMENT SKILLS TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAUNCHING ECHO ENROLLED 162 HIGH SCHOOL TEENS FROM 61 DIFFERENT HIGH SCHOOLS AND 285 MIDDLE SCHOOL STUDENTS FROM 15 DIFFERENT MIDDLE SCHOOLS, ALL OF WHOM PARTICIPATED IN A CLASSROOM BASED INTRODUCTION TO ENTREPRENEURSHIP AND CULMINATED IN VIBRANT AND VIRTUAL CAPSTONE EVENTS. HIGH SCHOOL STUDENTS DEVELOPED WRITTEN BUSINESS PLANS AND PITCH DECKS IN PREPARATION FOR THEIR PARTICIPATION IN THE HIGH SCHOOL ENTREPRENEURS BUSINESS PLAN COMPETITION. MIDDLE SCHOOL STUDENTS DEVELOPED PRESENTATION DECKS AND PRESENTED THEIR PITCH VIRTUALLY TO PANELS OF JUDGES. WINNING TEAMS WERE AWARDED MEDAL LANYARDS. (600 VOLUNTEER/MENTOR HOURS). LAUNCHING ECHO GENERALLY CHARGES PUBLIC SCHOOLS 50% OF THE ACTUAL COST TO PARTICIPATE AND ECHO RAISES THE DIFFERENCE TO ALLOW SCHOOLS TO PARTICIPATE. STUDENTS ARE NOT CHARGED.
TEEN INNOVATION AND ENTREPRENEURSHIP SUMMER (TIES) ENROLLED MORE THAN 220 HIGH SCHOOL STUDENTS FROM 13 DIFFERENT HIGH SCHOOLS. TEENS PARTICIPATED IN A VIRTUAL SUMMER PROGRAM THAT TAUGHT STUDENTS HOW TO IDEATE AND CREATE A BUSINESS AND CULMINATED IN A VIRTUAL SHOWCASE EVENT WHERE TEENS PRESENTED THEIR PITCH DECKS. (120 VOLUNTEER/MENTORHOURS). TIES IS GENERALLY A CONTRACTED PROGRAM AND CLIENTS ARE CHARGED FULL PRICE FOR THE PROGRAM, WHICH INCLUDES LICENSING FEES, TEACHER PROFESSIONAL DEVELOPMENT, AND ON-GOING MENTORSHIP AND SUPPORT. IT INCLUDES LOS ANGELES UNIFIED SCHOOL DISTRICT, ALONG WITH OTHER CONTRACTED ORGANIZATIONS. IN SOME CASES, PROJECT ECHO PROVIDES TEACHERS TO LEAD CLASSROOM BASED INSTRUCTION, AND WE INCUR EXPENSES, INCLUDING CURRICULUM DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chip Goodman Director | Trustee | 1 | $0 |
Miles Warren Director | OfficerTrustee | 4 | $0 |
Lee Fox Board Chair | OfficerTrustee | 4 | $0 |
David Tokofsky Director | Trustee | 1 | $0 |
Scott Fennel Director | Trustee | 1 | $0 |
Jeffrey Kravitz Secretary | OfficerTrustee | 4 | $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 | $53,282 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,282 |
| Total Program Service Revenue | $188,733 |
| 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 | $242,015 |
| 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. | $60,363 |
| Compensation of current officers, directors, key employees. | $6,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,374 |
| 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 | $11,237 |
| Advertising and promotion | $3,086 |
| Office expenses | $3,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $215,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,036 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,585 |
| 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 | $0 |
| 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 | $392,621 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $377,621 |
| Net assets with donor restrictions | $15,000 |
| 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 | $392,621 |