PREFACE PROJECT INC

EIN: 833903496 501(c)(3) Youth Development

DULUTH, GA

Total Revenue
$89,464
Total Expenses
$61,380
Total Assets
$187,471
Net Assets
$187,471
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
GA
Principal Officer
ANTIGONE VALEN
Phone
4045092195
Tax Period
2023-01-01 to 2023-12-31

PREFACE PROJECT INC, founded in 2019, is a micro nonprofit in the Youth Development sector that reported $89K in total revenue in fiscal year 2023. Revenue surged 310% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 31% operating margin.

Mission

THE ORGANIZATION IS A CHARITABLE NONPROFIT THAT JUMP-STARTS CHILDHOOD LITERACY BY PAIRING HIGH SCHOOL MENTORS WITH ELEMENTARY SCHOOL STUDENTS FOR VIRTUAL AND IN-PERSON READING SESSIONS, WHILE PROVIDING SERVICE AND SCHOLARSHIP OPPORTUNITIES FOR THE NEXT GENERATION TO SET THEM UP FOR A LIFETIME OF LEARNING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $101,597
Program Service Revenue $0
Investment Income $1,235
Other Revenue $-13,368
TOTAL REVENUE $89,464

Expense Breakdown

Grants Paid $500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $60,334
Other Expenses $60,880
TOTAL EXPENSES $61,380

Year-over-Year Comparison

2023 2022 Change
Revenue $89,464 $21,845 +3.1%
Expenses $61,380 N/A N/A
Net Income $28,084 $21,845 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
120

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN WU EXECUTIVE DIRECTOR / BOARD MEMBER 8.00
Officer Director
$0 $0 $0
ANTIGONE VALEN CFO / BOARD MEMBER 1.00
Officer Director
$0 $0 $0
DAVID VIA COO / BOARD MEMBER 8.00
Officer Director
$0 $0 $0
DEVON MCCOURT BOARD MEMBER 1.00
Director
$0 $0 $0
WANDY TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
SUMNER MCCALLIE BOARD MEMBER 1.00
Director
$0 $0 $0
OLABODE ADUNBARIN BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER PHILLIPS BOARD MEMBER 2.00
Director
$0 $0 $0
CAMERON RUFFA BOARD MEMBER 1.00
Director
$0 $0 $0
JULIANNA VITOLO BOARD MEMBER 1.00
Director
$0 $0 $0
HAYES VAUGHAN BOARD MEMBER 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
2023 $89,464 $61,380 $187,471 $28,084
2022 $21,845 $75,784 $154,364 $-53,939
2022 No data No data $218,875 No data
2021 $193,140 $38,117 $218,875 $155,023
Explore More Nonprofits
Top 100 Nonprofits in Georgia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PREFACE PROJECT INC with other nonprofits in Georgia and across the country.