The Beautiful Project Inc

EIN: 454724894 501(c)(3)

Durham, NC

Total Revenue
$395,843
Total Expenses
$514,805
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NC
Principal Officer
Erin Stephens
Phone
9196991963
Tax Period
2023-01-01 to 2023-12-31

The Beautiful Project Inc, founded in 2019, is a small nonprofit that reported $396K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $515K exceeded revenue, resulting in a 30% operating deficit.

Mission

The Beautiful Project is a community-based arts organization in Durham North Carolina that uses storytelling and visual arts to advance the healing and representational justice of Black girls, gender-expansive youth, and women.

Program Service Accomplishments

Program 1
Expenses: $76,076 Revenue: $0

Arts & Activism Youth Apprenticeship. The Arts and Activism Youth Apprenticeship is focused on exploring cultural activism. This includes exploring Black feminist movements, reading, watching, and...

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Arts & Activism Youth Apprenticeship. The Arts and Activism Youth Apprenticeship is focused on exploring cultural activism. This includes exploring Black feminist movements, reading, watching, and discussing Black Feminist text and art, visiting TBP's most recent exhibition at the North Carolina Museum of Art, and other experiments and activities. The apprentices learn to use words and images as tools for understanding and confronting injuries related to gender, race, and identity in their community

Program 2
Expenses: $59,478 Revenue: $0

Artist in Residence. The TBP Teaching Artise Residency is a 6-9 month artist-in-residence fellowship that provides an opportunity for Black women and non binary practicing artist to work on a...

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Artist in Residence. The TBP Teaching Artise Residency is a 6-9 month artist-in-residence fellowship that provides an opportunity for Black women and non binary practicing artist to work on a specific project in partnership with TBP Selected artist may work in photography, file, poetry, writing, or other visual art media. In addition to teaching young artist in TBP's youth program pipeline, visiting artist in TBP's youth program pipeline, visiting artist are required to lead their own special project that engages the organziation' mission of advancing the representational and healing justice of Black girls, gender-expansive youth, and women.

Program 3
Expenses: $63,769 Revenue: $0

Ekphrais in Black (EIB). EIB is a hybrid artform plus polictial education incubator designed to develop and deepen attendees' poetry, photography skills, and political consciousness.

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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 $395,843
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $395,843

Expense Breakdown

Grants Paid $0
Salaries & Benefits $373,396
Fundraising Expenses $0
Program Expenses $253,029
Other Expenses $141,409
TOTAL EXPENSES $514,805

Year-over-Year Comparison

2023 2022 Change
Revenue $395,843 $227,717 +0.7%
Expenses $514,805 $327,049 +0.6%
Net Income $-118,962 $-99,332 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
5
Volunteers
8

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alexandria Zagbayou Board Member N/A
$0 $0 $0
Dosali Reed-Bandeli Board Member N/A
$0 $0 $0
Marcus Littles Board Member N/A
$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
2023 $395,843 $514,805 No data $-118,962
2022 $227,717 $327,049 $310,074 $-99,332
2021 $594,318 $274,889 $406,090 $319,429
2020 $341,311 $282,136 $91,661 $59,175
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