Project 68 Inc

EIN: 852760084 Civil Rights & Advocacy

Miami, FL

Total Revenue
$312,500
Total Expenses
$273,711
Total Assets
$37,051
Net Assets
$37,051
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
FL
Principal Officer
DARRYL BANKS
Phone
3016422016
Tax Period
2024-01-01 to 2024-12-31

Project 68 Inc, founded in 2020, is a small nonprofit in the Civil Rights & Advocacy sector that reported $312K in total revenue in fiscal year 2024. Revenue surged 343% from the prior year, signaling strong growth momentum. Expenses of $274K left a modest 12% surplus.

Mission

PROJECT 68 CONNECTS STATE-BASED ORGANIZATIONS WITH ATHLETE AND ARTIST-LED INITIATIVES TO ENHANCE MOBILIZATION AND CIVIC PARTICIPATION IN BLACK AND UNDERSERVED COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $92,645

THE PROGRAM EXPENSES RANGE FROM COVERING THE COST OF PRODUCING AND AMPLIFYING VOTER ENGAGEMENT CONTENT THAT FEATURED ATHLETES AND ARTISTS, BUILDING AND CONDUCTING RESEARCH ON STATES, AND COVERING THE...

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THE PROGRAM EXPENSES RANGE FROM COVERING THE COST OF PRODUCING AND AMPLIFYING VOTER ENGAGEMENT CONTENT THAT FEATURED ATHLETES AND ARTISTS, BUILDING AND CONDUCTING RESEARCH ON STATES, AND COVERING THE OPERATING AND LEGAL COSTS OF THE ORGANIZATION.

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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 $312,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $312,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $260,411
Fundraising Expenses $0
Program Expenses $92,645
Other Expenses $13,300
TOTAL EXPENSES $273,711

Year-over-Year Comparison

2024 2023 Change
Revenue $312,500 $70,500 +3.4%
Expenses $273,711 $96,726 +1.8%
Net Income $38,789 $-26,226 -2.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

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
1
$37,650
Total Directors
2
$37,650
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARRYL BANKS Executive Dir. 20.00
Officer Director
$37,650 $0 $37,650
Ashley Hypolite Director 25.00
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
2024 $312,500 $273,711 $37,051 $38,789
2023 $70,500 $96,726 $692 $-26,226
2022 $230,000 $155,722 $1,898 $74,278
2021 $158,000 $275,565 $155 $-117,565
2020 $700,000 $582,280 $117,720 $117,720
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