PROJECT LEDO

EIN: 833866477 501(c)(3) Education

Portland, OR

Total Revenue
$282,845
Total Expenses
$280,237
Total Assets
$234,763
Net Assets
$152,159
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
OR
Principal Officer
Fidel Ferrer
Phone
5034901456
Tax Period
2023-07-01 to 2024-06-30

PROJECT LEDO, founded in 2019, is a small nonprofit in the Education sector that reported $283K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

To inspire young underrepresented and marginalized students to see themselves represented in the field of science and technology.

Program Service Accomplishments

Program 1
Expenses: $216,168 Revenue: $15,877

Project LEDO has always believed in the power of partnerships and collaboration. We understand that by joining forces with other local organizations that share our core values, we can make an even...

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Project LEDO has always believed in the power of partnerships and collaboration. We understand that by joining forces with other local organizations that share our core values, we can make an even bigger impact on the communities we serve. Through these strategic alliances, Project LEDO has formed a strong and united front to address the pressing issues faced by BIPOC communities. Our programs have expanded to include a partnership with an Iraqi school, a collaboration with We Belong PDX, and re-entering the Lents community, which has allowed us to serve even more students. Additionally, our new partnership with POIC has further strengthened our outreach. A significant accomplishment in our program is that we have students going to Academy of Science and they are from underserve composed primarily of immigrant students and people of color. We have also provided close to 100 computers to communities of color, helping to bridge the digital divide. Our Program has partnered with Wells Fargo, Chase, PGE and others in efforts to support our mission. These partnerships have not only increased our resources but also extended our reach into new areas. By collaborating with like-minded organizations, Project LEDO has been able to expand its programs and initiatives to two additional school districts. This means more students from diverse backgrounds now have access to STEM education opportunities. Moreover, these alliances have enabled us to tackle one of the most substantial challenges faced by marginalized communities - the digital divide. By partnering with local organizations that share similar goals and values, Project LEDO is creating a lasting impact on underserved communities. Together, we are making strides toward inspiring BIPOC youth to become leaders in STEM fields while simultaneously addressing critical social issues such as educational inequality and digital access disparities. We are excited about our new collaboration with OMSI, where we are developing a program in robotics and design, powered by our revamped team. Through these partnerships, Project LEDO continues to bring valuable resources to the communities, aiming to shorten the digital divide. Through our Lego Robotics program, our students gain leadership skills, communication skills, and, most importantly, a sense of community.

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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 $266,968
Program Service Revenue $15,877
Investment Income $0
Other Revenue $0
TOTAL REVENUE $282,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,898
Fundraising Expenses $27,088
Program Expenses $216,168
Other Expenses $112,339
TOTAL EXPENSES $280,237

Year-over-Year Comparison

2023 2022 Change
Revenue $282,845 $172,950 +0.6%
Expenses $280,237 $218,609 +0.3%
Net Income $2,608 $-45,659 -1.1%
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
6
Independent Members
6
Employees
4
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
4
$87,629
Total Directors
6
$87,629
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Fidel Ferrer President & Executive Director 40
Officer Director
$85,077 $2,552 $87,629
Sarah Adams Vice President 2
Officer Director
$0 $0 $0
Margarita Ferrer Tamayo Secretary/Co-Vice President 2
Officer Director
$0 $0 $0
Felicia Wells Treasurer 2
Officer Director
$0 $0 $0
Jesus Aringuibel Director 2
Director
$0 $0 $0
Yodit Tadesse 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
2024 $282,845 $280,237 $234,763 $2,608
2022 $229,657 $82,780 $199,496 $146,877
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