THE RESOLUTION PROJECT INC

EIN: 264394051 501(c)(3) Community Improvement

NEW YORK, NY

Total Revenue
$3,919,260
Total Expenses
$3,258,055
Total Assets
$3,097,281
Net Assets
$1,845,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Phone
2122599449
Tax Period
2023-07-01 to 2024-06-30

THE RESOLUTION PROJECT INC, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $661K, a strong 17% operating margin.

Mission

THE MISSION OF THE RESOLUTION PROJECT IS TO DEVELOP SOCIALLY-RESPONSIBLE YOUNG LEADERS AND EMPOWER THEM TO MAKE A POSITIVE IMPACT TODAY.

Program Service Accomplishments

Program 1
Expenses: $2,124,476 Revenue: $0

FOUNDED IN 2007, RESOLUTION PROJECT IDENTIFIES, EQUIPS, AND EMPOWERS PROMISING YOUNG SOCIAL ENTREPRENEURS WITH THE SUPPORT, SKILLS, RESOURCES, MENTORS, AND SEED FUNDING THEY NEED TO MAKE A POSITIVE...

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FOUNDED IN 2007, RESOLUTION PROJECT IDENTIFIES, EQUIPS, AND EMPOWERS PROMISING YOUNG SOCIAL ENTREPRENEURS WITH THE SUPPORT, SKILLS, RESOURCES, MENTORS, AND SEED FUNDING THEY NEED TO MAKE A POSITIVE IMPACT TODAY. OUR INNOVATIVE PROGRAM CONSISTS OF PARTNERING WITH YOUTH LEADERSHIP CONFERENCES, UNIVERSITIES, AND REGIONAL PARTNERS AROUND THE WORLD; HOSTING OUR SOCIAL VENTURE CHALLENGES ("SVCS") AT THOSE SITES AND VIRTUALLY; AND AWARDING RESOLUTION FELLOWSHIPS TO THOSE YOUNG ENTREPRENEURS WITH THE MOST PROMISING VENTURE PROPOSALS AND COMPELLING PERSONAL LEADERSHIP CHARACTERISTICS. THERE ARE CURRENTLY MORE THAN 700 RESOLUTION FELLOWS, WORKING ON ALL SIX INHABITED CONTINENTS TO IMPLEMENT INNOVATIVE SOLUTIONS TO ADDRESS IMPORTANT ISSUES INCLUDING EDUCATION, ACCESS TO WATER, SUSTAINABLE AGRICULTURE, HEALTHCARE, TECHNOLOGY, ENERGY EFFICIENCY, WOMEN'S EMPOWERMENT, AND HUMAN RIGHTS, AMONG OTHERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,919,260
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,919,260

Expense Breakdown

Grants Paid $102,611
Salaries & Benefits $1,899,173
Fundraising Expenses $612,717
Program Expenses $2,124,476
Other Expenses $1,256,271
TOTAL EXPENSES $3,258,055

Year-over-Year Comparison

2023 2022 Change
Revenue $3,919,260 $3,137,602 +0.2%
Expenses $3,258,055 $2,645,967 +0.2%
Net Income $661,205 $491,635 +0.3%
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

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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
19
Independent Members
18
Employees
27
Volunteers
539

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
4
$228,034
Total Directors
20
$228,034
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC SPORKIN SECRETARY 5.0
Officer Director
$0 $0 $0
GEORGE TSIATIS PRESIDENT/CEO 40.0
Officer Director
$207,051 $20,983 $228,034
HOWARD LEVINE TREASURER 10.0
Officer Director
$0 $0 $0
OLIVER LIBBY CHAIR 10.0
Officer Director
$0 $0 $0
ANGELO RUFINO DIRECTOR 5.0
Director
$0 $0 $0
ERIC HATZIMEMOS DIRECTOR 5.0
Director
$0 $0 $0
GERALDINE ACUNA SUNSHINE DIRECTOR 5.0
Director
$0 $0 $0
JESSICA MATTHEWS DIRECTOR 5.0
Director
$0 $0 $0
KAYVAN SHAHABI DIRECTOR 5.0
Director
$0 $0 $0
KELSEY OVERBY DIRECTOR 5.0
Director
$0 $0 $0
LIOR IPP DIRECTOR 5.0
Director
$0 $0 $0
MARIA LIVANOS CATTAUI DIRECTOR 5.0
Director
$0 $0 $0
MICHAEL DALTO DIRECTOR 5.0
Director
$0 $0 $0
MICHAEL DOUGHERTY DIRECTOR 5.0
Director
$0 $0 $0
NNEKA EZE DIRECTOR 5.0
Director
$0 $0 $0
REETU GUPTA DIRECTOR (thru 12/2023) 5.0
Director
$0 $0 $0
TANYA PERKINS DIRECTOR 5.0
Director
$0 $0 $0
TRAVIS BATTY DIRECTOR 5.0
Director
$0 $0 $0
WILLIAM PROVINE DIRECTOR 5.0
Director
$0 $0 $0
YVONNE BUYSMAN DIRECTOR 5.0
Director
$0 $0 $0
LAUREN HORN Chief of Staff, Interim CEO, Enactus 40.0
Highest
$141,139 $13,323 $154,462
RAQUEL MARION-VIRGO DIRECTOR OF DEVELOPMENT 40.0
Highest
$146,757 $29,334 $176,091
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 $3,919,260 $3,258,055 $3,097,281 $661,205
2023 $2,684,748 $2,800,825 $709,369 $-116,077
2020 $1,878,975 $1,855,138 $959,499 $23,837
2019 $1,948,269 $1,892,008 $945,682 $56,261
2018 $1,235,863 $1,818,043 $893,511 $-582,180
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