PROJECT EATS INC

EIN: 300558873 501(c)(3) Public & Societal Benefit

NEW YORK, NY

Total Revenue
$1,378,064
Total Expenses
$1,562,522
Total Assets
$3,419,320
Net Assets
$2,889,324
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
LINDA GOODE BRYANT
Phone
2126121528
Tax Period
2024-01-01 to 2024-12-31

PROJECT EATS INC, founded in 2009, is a community nonprofit in the Public & Societal Benefit sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE ENCOURAGEMENT AND ASSISTANCE TO INDIVIDUALS, GROUPS AND COMMUNITIES SO THAT THEY CAN DEVELOP INNOVATIVE SOCIAL, ECONOMIC AND POLITICAL PROGRAMS THAT PROMOTE IN A LAWFUL MANNER THE SOCIAL, ECONOMIC AND POLITICAL WELL-BEING OF AMERICAN SOCIETY. TO PRODUCE AND DISTRIBUTE ART AND MEDIA THAT INFORMS AND ENGAGES INDIVIDUALS, GROUPS AND COMMUNITIES IN ACTIVITIES THAT FOSTER THE WELL-BEING AND GENERAL WELFARE OF AMERICAN SOCIETY. TO DEVELOP PROGRAMS, CONDUCT RESEARCH, PROVIDE TECHNICAL ASSISTANCE AND SUPPORT TO INDIVIDUALS, GROUPS AND COMMUNITIES THAT WORK TO ESTABLISH SELF-HELP, MUTUAL AID, NATURAL HELPING NETWORKS, AND RESOURCE EXCHANGE NETWORKS THAT IMPROVE THEIR WELL-BEING. TO DEVELOP PROGRAMS, CONDUCT RESEARCH, AND PROVIDE CONSULTATION THAT WILL PROMOTE CITIZEN PARTICIPATION FOR IMPROVING THE QUALITY OF COMMUNITY LIFE IN THE FOLLOWING AREAS: HEALTH, SAFETY, MENTAL HEALTH, ECOLOGY, HOUSING, AND SOCIAL WELFARE.

Program Service Accomplishments

Program 1
Expenses: $880,539 Revenue: $33,677

PROJECT EATS' MODEL FEATURES SMALL-PLOT, COMMUNITY-BASED AND OPERATED, HIGH-YIELD FARMS - BOTH GROUND-LEVEL AND ROOFTOP. USING SUSTAINABLE, PRIMARILY HAND-GROWN, FARMING METHODS, AND EMPLOYING...

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PROJECT EATS' MODEL FEATURES SMALL-PLOT, COMMUNITY-BASED AND OPERATED, HIGH-YIELD FARMS - BOTH GROUND-LEVEL AND ROOFTOP. USING SUSTAINABLE, PRIMARILY HAND-GROWN, FARMING METHODS, AND EMPLOYING SEEDING, SUCCESSION PLANNING, CARBON WASTE REUSE, AND OTHER ENVIRONMENTALLY SOUND TECHNIQUES, PE WORKS TO MAXIMIZE CROP YIELDS IN LIMITED URBAN SPACES, AND PROVIDE THE COMMUNITY WITH EASE OF ACCESS TO HEALTHY, ULTRA-LOCAL, "INCOME-APPROPRIATE" FOOD. OPERATING 5 FARMS SPANNING ALMOST 5 ACRES LOCATED ACROSS THE 3 NYC BOROUGHS, PROJECT EATS (PE):- DEVELOPS AND SUPPORTS URBAN FARMS AND FARMING INFRASTRUCTURE,- PROVIDES SALES OUTLETS FOR THE FARMS,- OFFERS WORKFORCE DEVELOPMENT AND EMPLOYMENT OPPORTUNITIES TO COMMUNITY RESIDENTS, - INFORMS AND USES PRACTICES THAT SUPPORT PEOPLE'S CONSUMPTION OF HEALTHY FOOD, HEALTHY LIVING AND WELLBEING, REGARDLESS OF INCOME.PE FARMS OPERATE AS SOCIAL ENTERPRISES THAT PROVIDE REVENUE SOURCES THROUGH SALES OF FRESH PRODUCE (60% AT AFFORDABLE PRICES WITHIN THE COMMUNITY THAT GENERATES IT AND 40% AT PREMIUM RATES TO COMMERCIAL MARKETS). THEY ALSO GENERATE REVENUE THROUGH CONTRACTED AGRICULTURAL PROGRAMS. PE IS ALSO SUPPORTED BY GRANTS FROM CHARITABLE INSTITUTIONS, AND CONTRIBUTIONS FROM THE PUBLIC. PE OFFERS AN ARRAY OF COMMUNITY PROGRAMS TO SUPPORT THE WELLNESS OF LOCAL RESIDENTS RANGING FROM SITE-SPECIFIC AGRICULTURAL ART INSTALLATIONS TO WORKSHOPS. MAREN HASSINGER CREATED AN OUTDOOR INSTALLATION FROM STEEL AND CONCRETE FOR OUR SITES AT ESSEX AND BROWNSVILLE THAT RAN FROM SECOND WEEK OF NOVEMBER TO THE THIRD WEEK OF JANUARY.IN 2022, WE BEGAN PROJECT [B]EATS: AN EXPLORATORY PERCUSSION WORKSHOP SERIES FOR SENIORS. IN 2023, PROJECT [B]EATS CONTINUED. SESSIONS WERE HELD TWICE A WEEK FOR 6 MONTHS WITH 10 PARTICIPANTS.IN 2024, PROJECT EATS AFTER-SCHOOL (PEAS) CONTINUED WITH A SECOND SESSION OF A CULINARY CLASS FOR A NEW GROUP OF STUDENTS THAT RAN FOR 16-WEEKS WITH NEW DESIGN HIGH SCHOOL. THE CURRICULUM WAS DESIGNED TO COVER THE ESSENTIAL CULINARY SKILLS AND FOCUSED ON PLANT-BASED RECIPE INNOVATION. IN 2024, WE TRANSITIONED OUR PANTRY OPERATIONS FROM A WEEKLY TO A MONTHLY SCHEDULE BETWEEN MAY AND DECEMBER. THIS SHIFT WAS MADE TO BETTER SERVE THE COMMUNITY BY PROVIDING LARGER QUANTITIES OF BOTH SHELF-STABLE AND FRESH FOOD ITEMS AT EACH DISTRIBUTION. THESE CHANGES WERE IMPLEMENTED AT BOTH OF OUR PANTRY LOCATIONS IN THE BRONX AND THE OTHER IN BROOKLYN.

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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 $1,079,977
Program Service Revenue $33,777
Investment Income $54,374
Other Revenue $209,936
TOTAL REVENUE $1,378,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $966,243
Fundraising Expenses $122,796
Program Expenses $880,539
Other Expenses $596,279
TOTAL EXPENSES $1,562,522

Year-over-Year Comparison

2024 2023 Change
Revenue $1,378,064 $1,189,894 +0.2%
Expenses $1,562,522 $1,494,724 +0.0%
Net Income $-184,458 $-304,830 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
12
Employees
33
Volunteers
50

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
$159,928
Total Directors
13
$159,928
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA GOODE BRYANT FOUNDER/PRESIDENT 60.00
Officer Director
$150,000 $9,928 $159,928
HARRIET SANFORD BOARD CHAIR 6.00
Officer Director
$0 $0 $0
ANDREW WARREN TREASURER 2.00
Officer Director
$0 $0 $0
ELIZABETH HOWNG SECRETARY 1.00
Officer Director
$0 $0 $0
JON GILMAN DIRECTOR 2.00
Director
$0 $0 $0
KORBIN HEISS DIRECTOR 1.00
Director
$0 $0 $0
NILDA ISIDRO DIRECTOR 1.00
Director
$0 $0 $0
MARC PAYOT DIRECTOR 1.00
Director
$0 $0 $0
ANDREA SCHWAN DIRECTOR 1.00
Director
$0 $0 $0
LORNA SIMPSON DIRECTOR 1.00
Director
$0 $0 $0
VERONIQUE TILLINGHAST DIRECTOR 1.00
Director
$0 $0 $0
GEORGE WELLS DIRECTOR 1.00
Director
$0 $0 $0
SARAH WORKNEH DIRECTOR 1.00
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 $1,378,064 $1,562,522 $3,419,320 $-184,458
2023 $1,189,894 $1,494,724 $3,076,807 $-304,830
2022 $3,205,657 $1,250,471 $2,811,423 $1,955,186
2021 $1,101,691 $1,030,908 $1,096,163 $70,783
2020 $1,008,625 $928,756 $1,022,443 $79,869
2019 $1,335,513 $904,841 $975,468 $430,672
2018 $868,869 $648,233 $182,787 $220,636
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