PROJECT EDUCATION PLUS

EIN: 363081102 501(c)(3) Education

Chicago, IL

Total Revenue
$175,902
Total Expenses
$233,017
Total Assets
$28,804
Net Assets
$-135,400
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
IL
Principal Officer
Vincil Carter
Phone
3125200905
Tax Period
2024-07-01 to 2025-06-30

PROJECT EDUCATION PLUS, founded in 1980, is a small nonprofit in the Education sector that reported $176K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $233K exceeded revenue, resulting in a 32% operating deficit.

Mission

Project Education Plus (PEP)'s mission is to enlighten and mentor youth by providing academic, arts, technology, mentoring, and athletic programs that support positive development and promote successful, self-sufficient lives. PEP also serves disadvantaged families, children, and senior citizens in Chicago through educational, recreational, and community-based programming.

Program Service Accomplishments

Program 1
Expenses: $96,150 Revenue: $0

The Athletic Program provides organized basketball and baseball programming for youth in grades 1-12. Activities include team practices, competitive games, tournaments, camps, and clinics combined...

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The Athletic Program provides organized basketball and baseball programming for youth in grades 1-12. Activities include team practices, competitive games, tournaments, camps, and clinics combined with mentoring and character development. The program emphasizes teamwork, discipline, sportsmanship, and positive youth development while reinforcing academic success and anti-violence principles. Program expenses primarily support coaching stipends, facility and field usage, athletic equipment, uniforms, travel, and other direct program costs.

Program 2
Expenses: $34,245 Revenue: $0

The Academic Program provides educational support services for students in grades 1-12, including STEM instruction, literacy development, arts enrichment, tutoring, and mentoring. Programming is...

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The Academic Program provides educational support services for students in grades 1-12, including STEM instruction, literacy development, arts enrichment, tutoring, and mentoring. Programming is offered during after-school and summer periods to address learning gaps and support academic achievement. The program also includes mentoring focused on college and career readiness, positive decision-making, and reducing barriers to youth success, with an emphasis on serving low-income and at-risk students.

Program 3
Expenses: $1,245 Revenue: $0

The Senior Program provides social, recreational, educational, and technical activities for low-income and fixed-income seniors and older adults in the community. Services include cultural and...

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The Senior Program provides social, recreational, educational, and technical activities for low-income and fixed-income seniors and older adults in the community. Services include cultural and educational outings, life-skills seminars, wellness and safety programming, and opportunities for social engagement. Program expenses primarily include program supplies, transportation, event costs, instructional materials, and other direct expenses that support senior services.

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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 $192,991
Program Service Revenue $0
Investment Income $0
Other Revenue $-17,089
TOTAL REVENUE $175,902

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,521
Fundraising Expenses $1,525
Program Expenses $133,756
Other Expenses $178,971
TOTAL EXPENSES $233,017

Year-over-Year Comparison

2024 2023 Change
Revenue $175,902 $503,340 -0.7%
Expenses $233,017 $496,857 -0.5%
Net Income $-57,115 $6,483 -9.8%
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
16
Independent Members
16
Employees
10
Volunteers
40

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
0
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Gates President 15
Director
$0 $0 $0
Karoline Towner Vice President 15
Director
$0 $0 $0
Michael Horton Treasurer 15
Director
$0 $0 $0
Joseph Rumenapp Secretary 10
Director
$0 $0 $0
Alan Carter Director 15
Director
$0 $0 $0
Vincil Carter Executive Director 40
Director
$0 $0 $0
Mary Czerwionka Director 10
Director
$0 $0 $0
Delores Johnson Director 20
Director
$0 $0 $0
Jim Langhenry Director 10
Director
$0 $0 $0
John Lawrence Director 10
Director
$0 $0 $0
Lynette Smith Director 20
Director
$0 $0 $0
Laura Walder Director 10
Director
$0 $0 $0
Paul Walder Director 10
Director
$0 $0 $0
John Gardner Director 10
Director
$0 $0 $0
Nell Posmer Director 10
Director
$0 $0 $0
Katrina Christakis Director 10
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
2025 $175,902 $233,017 $28,804 $-57,115
2024 $503,340 $496,857 $80,882 $6,483
2023 $362,583 $348,586 $20,291 $13,997
2022 $233,089 $231,614 $6,294 $1,475
2021 $295,850 $295,838 $43,449 $12
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