THE KARDELEN PROJECT INC

EIN: 861564069 501(c)(3)

NEW YORK, NY

Total Revenue
$527,596
Total Expenses
$455,951
Total Assets
$100,420
Net Assets
$55,070
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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
2021
Legal Domicile
DE
Principal Officer
MADELEINE JOELSON
Phone
9082561660
Tax Period
2022-01-01 to 2022-12-31

THE KARDELEN PROJECT INC, founded in 2021, is a small nonprofit that reported $528K in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $456K left a modest 14% surplus.

Mission

TO SUPPORT THE TURKISH PEOPLE AND EDUCATE THE BROADER GENERAL PUBLIC ON THE EROSION OF THE FREE DEMOCRATIC INSTITUTIONS IN TURKEY AS WELL AS THE VIOLATION OF HUMAN RIGHTS AND TO MOBILIZE PUBLIC OPINION IN SUPPORT OF NEW POLICIES IN TURKEY THAT PROMOTE EQUITY, JUSTICE, TOLERANCE, AND THE MAINTENANCE OF FREE DEMOCRATIC INSTITUTIONS.

Program Service Accomplishments

Program 1
Expenses: $440,529 Revenue: $0

THE ORGANIZATION INFORMED POLICY BY DISSEMINATING REGULAR AND RELIABLE INFORMATION REGARDING TURKEY AND THE MAINTENANCE OF DEMOCRACY, THROUGH CONVENTIONAL AND SOCIAL MEDIA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $527,500
Program Service Revenue $0
Investment Income $96
Other Revenue $0
TOTAL REVENUE $527,596

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $440,529
Other Expenses $455,951
TOTAL EXPENSES $455,951

Year-over-Year Comparison

2022 2021 Change
Revenue $527,596 $660,007 -0.2%
Expenses $455,951 $676,582 -0.3%
Net Income $71,645 $-16,575 -5.3%
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
2
Independent Members
1
Employees
N/A
Volunteers
7

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
2
$133,079
Total Directors
2
$133,079
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MADELEINE JOELSON EXECUTIVE DIRECTOR/SECRETARY 30.00
Officer Director
$0 $11,945 $133,079
MARK WALLACE CHIEF EXECUTIVE OFFICER 10.00
Officer 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
2022 $527,596 $455,951 $100,420 $71,645
2021 $660,007 $676,582 $30,025 $-16,575
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