VILLAGE INITIATIVE PROJECT INC

EIN: 061624821 501(c)(3) Education

Bridgeport, CT

Total Revenue
$573,278
Total Expenses
$578,611
Total Assets
$27,331
Net Assets
$-141,402
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CT
Tax Period
2024-01-01 to 2024-12-31

VILLAGE INITIATIVE PROJECT INC, founded in 2001, is a small nonprofit in the Education sector that reported $573K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

COLLEGE PREP & TOURS

Program Service Accomplishments

Program 1
Expenses: $545,402

THE ORGANIZATION PROVIDED IN PERSON WEEKLY COLLEGE PREP TRAINING FOR MORE THAN 175 STUDENTS. THE WEEKLY TRAINING ALSO INCLUDED COLLEGE PREP WORKSHOPS, COLLEGE APPLICATION INFORMATION, MENTAL HEALTH...

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THE ORGANIZATION PROVIDED IN PERSON WEEKLY COLLEGE PREP TRAINING FOR MORE THAN 175 STUDENTS. THE WEEKLY TRAINING ALSO INCLUDED COLLEGE PREP WORKSHOPS, COLLEGE APPLICATION INFORMATION, MENTAL HEALTH COUNSELING, FINANCIAL LITERACY TRAINING, AND LIFE SKILLS, ETC.THE ORGANIZATION ALSO SPONSORED COLLEGE TOURS IN WHICH OVER 150 STUDENTS IN GRADES 6TH THRU 12TH WERE EXPOSED TO OVER 35 COLLGES AND COLLEGE FAIRS.ALSO SPONSORED A BASKETBALL LEAGUE IN WHICH OVER 30 ATHLETES WERE PROVIDED TRAINING AND SKILLS DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $573,256
Program Service Revenue $0
Investment Income $22
Other Revenue $0
TOTAL REVENUE $573,278

Expense Breakdown

Grants Paid $0
Salaries & Benefits $166,536
Fundraising Expenses $0
Program Expenses $545,402
Other Expenses $412,075
TOTAL EXPENSES $578,611

Year-over-Year Comparison

2024 2023 Change
Revenue $573,278 $649,313 -0.1%
Expenses $578,611 $735,626 -0.2%
Net Income $-5,333 $-86,313 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
25
Volunteers
18

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$30,759
Total Directors
7
$30,759
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA WILSON EXECUTIVE DIR 40.00
Officer Director
$30,759 $0 $30,759
LORI GIBBS MEMBER 1.00
Director
$0 $0 $0
JEMEL HART MEMBER 2.00
Director
$0 $0 $0
TERRY WALDEN MEMBER 1.00
Director
$0 $0 $0
DAVON THOMAS MEMBER 2.00
Director
$0 $0 $0
SAMUEL N WILSON JR CHAIRMAN 3.00
Officer Director
$0 $0 $0
CIARA WALKER TREASURER 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $573,278 $578,611 $27,331 $-5,333
2023 $649,313 $735,626 $38,571 $-86,313
2022 $780,422 $802,337 $118,523 $-21,915
2021 $526,135 $526,449 $144,725 $-314
2020 $305,858 $315,878 $181,914 $-10,020
2019 $571,685 $575,077 $4,517 $-3,392
2018 $540,424 $541,844 $8,051 $-1,420
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