2024-07-19T10:42:51-04:00 2023-12-31 561743537 LANGDON & COMPANY LLP 223 US HIGHWAY 70 EAST SUITE 100 GARNER NC 275294051 990 2023-01-01 844695937 THE FORMATION PROJECT FORM 8433756635 PO BOX 71863 NORTH CHARLESTON SC 29415 CARL HANSSON CHAIR 8643756635 2024-07-18 true CARL HANSSON 999009999 true SUSAN DEAN P01281194 9196621001 2024-07-18 2023 2023-04-26 12:10:37Z CARL HANSSON PO BOX 71863 NORTH CHARLESTON SC 29415 826683 false X WWW.THEFORMATIONPROJECT.ORG X 2019 SC THE FORMATION PROJECT'S MISSION IS TO PROVIDE ACCESS TO SAFETY, STABILITY, AND CONNECTION. WE STRIVE TO BUILD A RESILIENT COMMUNITY FREE FROM EXPLOITATION BY PROVIDING SOCIAL SERVICES TO SURVIVORS OF HUMAN TRAFFICKING. 11 11 9 25 0 765052 736646 0 15 2178 67078 76150 832145 814974 0 0 305069 476371 0 79929 324242 315603 629311 791974 202834 23000 194537 217987 300 194537 217687 X THE FORMATION PROJECT'S MISSION IS TO PROVIDE ACCESS TO SAFETY, STABILITY, AND CONNECTION. WE STRIVE TO BUILD A RESILIENT COMMUNITY FREE FROM EXPLOITATION BY PROVIDING SOCIAL SERVICES TO SURVIVORS OF HUMAN TRAFFICKING. false false 627633 THE ORGANIZATION PILOTED AND MANAGED TFP'S FIRST TRANSITIONAL HOUSING PROGRAM. THIS LED TO MORE INDEPENDENCE FOR THE RESIDENTS WHO GRADUATED FROM THE HOUSE AND KEY LEARNINGS FOR THE ORGANIZATION TO FURTHER DEVELOP THIS INTO A SUCCESSFUL MODEL. THE ORGANIZATION SERVED 70 SURVIVORS OF HUMAN TRAFFICKING AND EXPLOITATION, AMONG WHOM HAD 62 CHILDREN. THE ORGANIZATION ESTABLISHED A CRITERIA FOR GRADUATION FROM CASE MANAGEMENT. 627633 true true false false false false false false false false true false false false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false false false false false true 9 0 true 9 true false false false false false false false false false true false false false X 11 11 false false false false false false false true true false false true true true true true true true true false SC X X COASTAL ACCOUNT SPECIALISTS 8439400407 2430 COTTON CREEK DR MOUNT PLEASANT SC 29466 X BROOKE BURRIS CHAIR/CEO 40.00 X X 55688 0 4535 KATHRYN WEHUNT EXECUTIVE DI 40.00 X 55049 0 2582 MICHAEL BEVILLE BOARD MEMBER 0.25 X 0 0 0 TRACY BLANCHARD BOARD MEMBER 1.00 X 0 0 0 STEVE CAVETT BOARD MEMBER 1.00 X 0 0 0 JOYCE GREEN BOARD MEMBER 0.25 X 0 0 0 CARL HANSSON CHAIR 3.00 X 0 0 0 LAUREN KNAPP BOARD MEMBER 5.00 X 0 0 0 LANE MCCLUER BOARD MEMBER 1.00 X 0 0 0 DARBY PARKER TREASURER 1.00 X 0 0 0 SHANNON RUNQUIST BOARD MEMBER 1.00 X 0 0 0 LAURA STONE BOARD MEMBER 0.25 X 0 0 0 PAULA YORKE BOARD MEMBER 0.25 X 0 0 0 110737 7117 false false false 89726 270355 376565 58101 736646 2178 2178 21340 89726 11709 9631 ERC REIMBURSEMENT 66519 66519 66519 814974 66519 2178 117853 93811 12854 11188 297431 237354 31468 28609 29199 22327 4670 2202 31888 25428 3462 2998 8156 5654 1469 1033 6364 6364 35740 13914 3595 18231 3681 125 310 3246 12578 6463 5525 590 15691 5949 4224 5518 971 873 56 42 7150 6625 179 346 6375 6375 14725 13853 504 368 CLIENT SERVICES 95928 95928 HOUSING INITIATIVE 57774 53191 2639 1944 IN-KIND EXPENSES 40601 40509 92 BANK SERVICE CHARGES 3640 37 3603 6229 5629 589 11 791974 627633 84412 79929 61178 46426 50015 62315 53050 83870 9794 3751 37500 15875 20500 21625 194537 217987 300 0 300 X 194537 217687 194537 217687 194537 217987 X 23000 150 X false false false X 92494 399441 832130 736646 2060711 92494 399441 832130 736646 2060711 298105 1762606 15 2178 2193 2062904 163992 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37500 15875 21625 21625 859023 150 32190 32340 826683 -11709 -11709 814974 835873 32190 11709 43899 791974 791974 SCHEDULE D, PAGE 4, PART XI, LINE 4B RECLASS OF DIRECT FUNDRAISING EXPENSES -11,709 SCHEDULE D, PAGE 4, PART XII, LINE 2D RECLASS OF DIRECT FUNDRAISING EXPENSES 11,709 COCKTAILS FOR A 100287 78947 21340 8205 2850 GIVING TUESDAY 10779 10779 654 111066 89726 21340 8205 3504 11709 9631 X 7 8945 FMV X 9139 FMV X 1 7500 FMV X 1 10000 FMV X 44 5540 FMV X EQUIPMENT 2 900 FMV X GIFT CARDS 19 8375 FMV X SUPPLIES 12 2630 FMV X OTHER/MISC. 5 5072 FMV false false false FORM 990 - ORGANIZATION'S MISSION THE FORMATION PROJECT'S MISSION IS TO PROVIDE ACCESS TO SAFETY, STABILITY, AND CONNECTION. WE STRIVE TO BUILD A RESILIENT COMMUNITY FREE FROM EXPLOITATION BY PROVIDING SOCIAL SERVICES TO SURVIVORS OF HUMAN TRAFFICKING. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS TO BE REVIEWED AND APPROVED FIRST BY THE EXECUTIVE DIRECTOR. IT IS ENCOURAGED THAT THE EXECUTIVE DIRECTOR REVIEW THE 990 WITH THE ACCOUNTANT. UPON APPROVAL, THE EXECUTIVE DIRECTOR WILL SEND THE 990 TO THE BOARD FOR REVIEW AND APPROVAL BY MAJORITY VOTE. FORM 990, PAGE 6, PART VI, LINE 12C REGULARLY CHECKS AND VERIFIES CONFLICT OF INTEREST POLICY IS BEING COMPLETED. FORM 990, PAGE 6, PART VI, LINE 15A UNLESS THE BOARD AGREES BY MAJORITY VOTE TO COMPENSATE ANY BOARD MEMBER OR MEMBER, BOARD MEMBERS WILL NOT RECEIVE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE DIRECTOR WILL BE COMPENSATED BY AN AMOUNT CHOSEN BY MAJORITY VOTE BY THE BOARD. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR OVERSEEING THE BUDGET; THEREFORE, THE EXECUTIVE DIRECTOR SETS THE AMOUNT FOR COMPENSATION FOR KEY EMPLOYEES. THE BUDGET WITH THESE KEY EMPLOYEE COMPENSATIONS IS TO BE APPROVED BY THE BOARD ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII KATHRYN WEHUNT RESIGNED AS EXECUTIVE DIRECTOR IN AUGUST 2023. BROOKE BURRIS WAS THE BOARD CHAIR THROUGH JANUARY 2023, UNTIL BECOMING THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION. AFTER HER TRANSITION, CARL HANSSON BECAME THE NEW BOARD CHAIR. FORM 990, PART XI, LINE 9 RECLASS OF DIRECT FUNDRAISING EXPENSES 11,709 RECLASS OF DIRECT FUNDRAISING EXPENSES -11,709