PROJECT TF

EIN: 455026246 501(c)(3) Education

SAN FRANCISCO, CA

Total Revenue
$1,121,268
Total Expenses
$3,956,161
Total Assets
$5,950,527
Net Assets
$5,827,154
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
MIMI FOX MELTON
Phone
4155130204
Tax Period
2023-01-01 to 2023-12-31

PROJECT TF, founded in 2012, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 253% operating deficit.

Mission

TO ACTIVATE, CONNECT, AND MOBILIZE THE LARGEST RACIAL EQUITY COMMUNITY IN TECH TO DISMANTLE THE STRUCTURAL BARRIERS THAT PREVENT THE FULL PARTICIPATION AND LEADERSHIP OF BLACK AND LATINX PEOPLE IN THE INNOVATION ECONOMY.

Program Service Accomplishments

Program 1
Expenses: $1,922,397 Revenue: $108,798

PROGRAM DEVELOPMENT - THE FELLOWS PROGRAM IS AN INTENSIVE CAREER ACCELERATOR FOR BLACK AND LATINX COLLEGE AND GRADUATE-LEVEL COMPUTER SCIENCE STUDENTS. FOR NINE WEEKS BETWEEN JUNE AND AUGUST, THEY...

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PROGRAM DEVELOPMENT - THE FELLOWS PROGRAM IS AN INTENSIVE CAREER ACCELERATOR FOR BLACK AND LATINX COLLEGE AND GRADUATE-LEVEL COMPUTER SCIENCE STUDENTS. FOR NINE WEEKS BETWEEN JUNE AND AUGUST, THEY INTERN AT A TOP TECHNOLOGY COMPANY AND ENGAGE IN RACIAL EQUITY ADVOCACY WORK. THEY PARTICIPATE IN A SERIES OF LEARNING EXPERIENCES DESIGNED TO GIVE THEM THE TOOLS AND RESOURCES THEY NEED TO NAVIGATE THE TECH INDUSTRY, BUILD A LASTING CAREER, AND ADVOCATE FOR THEMSELVES AND THEIR COMMUNITY. PROGRAM PARTICIPANTS RECEIVE SOCIO-EMOTIONAL, PROFESSIONAL, AND MANAGEMENT DEVELOPMENT THROUGH IN-PERSON WORKSHOPS, MENTORSHIP AND COACHING, AND ONLINE ENGAGEMENT. IN THIS PROGRAM, THE ORGANIZATION BUILDS COMMUNITY, MAKES SPACE TO COMMISERATE, AND MOST IMPORTANTLY, FINDS TACTICAL SOLUTIONS TO THE PROFESSIONAL AND CULTURAL ROADBLOCKS BLACK AND LATINX TECHNOLOGISTS FACE IN THE WORKPLACE. THE ORGANIZATION'S GOAL IS TO ENSURE THAT ITS COMMUNITIES ARE ABLE TO NOT ONLY SURVIVE BUT THRIVE IN THE WORKPLACE.

Program 2
Expenses: $513,577

COMPANY CULTURAL TRANSFORMATION - COMPANY CULTURE TRANSFORMATION OFFERS COMPANY FACING SERVICES GROUNDED IN SOUND CHANGE MANAGEMENT PROCESSES AIMED AT PRODUCING RACIALLY EQUITABLE AND INCLUSIVE...

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COMPANY CULTURAL TRANSFORMATION - COMPANY CULTURE TRANSFORMATION OFFERS COMPANY FACING SERVICES GROUNDED IN SOUND CHANGE MANAGEMENT PROCESSES AIMED AT PRODUCING RACIALLY EQUITABLE AND INCLUSIVE COMPANY CULTURES WITHIN THE TECH AND INNOVATION INDUSTRIES. THIS INCLUDES WORK SUCH AS: RACIAL EQUITY AND INCLUSION TRANSFORMATION TRAININGS, COMPANY COACHING, AND RACIAL EQUITY AND INCLUSION ADVISING AND CONSULTING.

Program 3
Expenses: $395,072

COMMUNITY MOBILIZATION DEPARTMENT - THE ORGANIZATION'S COMMUNITY IS FULL OF PEOPLE ACTIVELY WORKING ON RACIAL EQUITY. WHILE THE ORGANIZATION INTERACTS AND ENGAGES WITH THE COMMUNITY, THEY ARE...

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COMMUNITY MOBILIZATION DEPARTMENT - THE ORGANIZATION'S COMMUNITY IS FULL OF PEOPLE ACTIVELY WORKING ON RACIAL EQUITY. WHILE THE ORGANIZATION INTERACTS AND ENGAGES WITH THE COMMUNITY, THEY ARE STEWARDED BY THEIR WISDOM, DRIVEN BY THEIR PERSONAL EXPERIENCE, ACTIVE IN THEIR REGIONAL AND ORGANIZATIONAL SPHERES, AND SUPPORTED BY THEIR NETWORK. THE ORGANIZATION RELENTLESSLY DECENTRALIZES CODE2040 AS THE CONVENER OF THIS MOVEMENT. INSTEAD, THE ORGANIZATION CONSISTENTLY SERVES WITH INSPIRATION, EMPOWERMENT, AND RESOURCES.

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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 $900,210
Program Service Revenue $108,798
Investment Income $104,143
Other Revenue $8,117
TOTAL REVENUE $1,121,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,341,794
Fundraising Expenses $444,821
Program Expenses $2,831,046
Other Expenses $1,614,367
TOTAL EXPENSES $3,956,161

Year-over-Year Comparison

2023 2022 Change
Revenue $1,121,268 $3,892,901 -0.7%
Expenses $3,956,161 $3,012,057 +0.3%
Net Income $-2,834,893 $880,844 -4.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
17
Volunteers
200

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
$309,172
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARC HEDLUND BOARD CHAIR 0.50
Officer Director
$0 $0 $0
SINOHE TERRERO TREASURER/SECRETARY 0.50
Officer Director
$0 $0 $0
KRISTEN TITUS BOARD MEMBER 0.50
Director
$0 $0 $0
RAS KASA WILLIAMS BOARD MEMBER 0.50
Director
$0 $0 $0
MIMI FOX MELTON CEO 40.00
Officer
$266,579 $42,593 $309,172
SELENE CHALA JR. DIRECTOR OF PARTNERSHIP 40.00
Highest
$133,021 $21,082 $154,103
JOCELYN GARIBAY GENERAL MANAGER 40.00
Highest
$196,052 $23,890 $219,942
NAVKIRAN KAUR SENIOR PROGRAM MANAGER 40.00
Highest
$113,039 $17,303 $130,342
JUSTIN LYONS CHIEF OF STAFF 40.00
Highest
$154,414 $22,041 $176,455
BRIONNA LOMAX COMPANY ENGAGEMENT MANAGER 40.00
Highest
$137,099 $26,458 $163,557
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 No data No data No data No data
2023 $1,121,268 $3,956,161 $5,950,527 $-2,834,893
2022 $3,892,901 $3,012,057 $8,826,018 $880,844
2021 $5,306,075 $2,570,514 $8,319,439 $2,735,561
2020 $5,622,136 $3,297,520 $5,745,926 $2,324,616
2019 $3,089,128 $3,328,876 $3,222,946 $-239,748
2018 $3,883,386 $5,318,868 $3,499,691 $-1,435,482
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