Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 01-0949080

PROJECT RICOCHET INC

Tax-exempt (reinstated) · LEXINGTON, KY 40515

Financials

$685K$571K2023$645K$459K2024
Revenue Expenses · by fiscal year end
Financials of PROJECT RICOCHET INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$645,094$459,087$186,007$394,920$0$394,920
December 31, 2023990$685,188$571,313$113,875$132,100$0$132,100
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$645,071
Program service revenue
$0
Investment income
$23
Other revenue
$0

Expenses

Grants and similar amounts paid
$29,573
Compensation of officers, directors and key employees
$155,768
Other salaries and wages
$163,505
Salaries, compensation and benefits (total)
$319,757
Professional fundraising fees
$0
Accounting fees
$8,921
Travel
$17,840
Program services (functional)
$426,308
Management and general (functional)
$32,779

Balance sheet and other

Total assets, start of year
$132,100
Total assets, end of year
$394,920
Total liabilities, end of year
$0
Net assets, end of year
$394,920
Net assets without donor restrictions
$394,920
Gross receipts
$645,094
Employees
0
Year formed
2010
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Abeni El-AminPresident
Officer
10$100,098
Quinton MarksDirector
Trustee or director
2$55,670
Lafe TaylorDirector
Trustee or director
2$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Bilal El-AminDirector
Trustee or director
2$0
Anthony FriersonDirector
Trustee or director
2$0
Quinton MarksDirector
Trustee or director
2$0
Abini El-AminPresident
Officer
10$0

Address and contacts

Address (IRS master file)
4862 HARTLAND PKWY, LEXINGTON, KY 40515-1125
In care of
% ABENI EL-AMIN
Mailing address (990-N for 2017)
15831 Fairbanks Ct, Granger IN 46530
Principal officer (990 for 2024)
Abeni El-Amin, 4862 Hartland Parkway, Lexington, KY 40515
Principal officer (990-N for 2017)
Abeni El-Amin, 15831 Fair Banks Ct, Granger IN 46530
Signed the 990
Abeni El-Amin, President & CEO
Phone
(919) 827-3118
Return prepared by
Sterling CPAs PLLC

Mission

Finding practical solutions that assist minority youth who are prone to anti-social behaviors while discovering positive and productive life-style alternatives

990 for the year ended December 31, 2024

Program accomplishments

  • Establish and maintain an ongoing and effective coalition of parents, grandparents, youth service providers, civic and community leaders and faith-based leaders to incorporate a bottom-up approach to intervention and other issues related to the reduction of minority youth into the criminal justice system
    Expenses $426,308 · grants $29,573 · revenue $645,701
  • To design and maintain a boots on the ground brigade of community development practitioners to have a continuous presence in communities, to engage, assist, and mentor youth engaged in anti-social or criminal behaviors.
  • To offer concrete ways in which affected youth can be redirected to access economic opportunity through youth-driven entrepreneurial projects and job placement through innovative apprenticeships and placement in area businesses, and to offer other financial rewards for young people who demonstrate a determination to change their lifestyles.
  • To work and communicate in genuine ways with existing organizations and groups which have a similar focus and to collaborate with government agencies to seek more resources in support of our work.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
01-0949080
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$394,920
Income (IRS master file)
$645,094

Revocation and reinstatement

Exemption revoked
May 15, 2021
Posted by the IRS
August 9, 2021
Reinstated
Effective May 15, 2021

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$645,094$459,087$394,920IRS
990December 2023$685,188$571,313$132,100XML
990-EZDecember 2022–––IRS
990-N for 2017
Officer: Abeni El-Amin
December 31, 2017≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0949080).

Questions about PROJECT RICOCHET INC

What is the EIN of PROJECT RICOCHET INC?
The employer identification number (EIN) of PROJECT RICOCHET INC is 01-0949080.
Is PROJECT RICOCHET INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective May 15, 2021.
Are donations to PROJECT RICOCHET INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROJECT RICOCHET INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of PROJECT RICOCHET INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PROJECT RICOCHET INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PROJECT RICOCHET INC?
The 990 for the year ended December 31, 2024 names Abeni El-Amin.
Who are the officers and directors of PROJECT RICOCHET INC?
The 990 for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $100,098 (Abeni El-Amin, President).
How much revenue does PROJECT RICOCHET INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $645,094, expenses of $459,087 and total assets of $394,920 at year end.

Other nonprofits in LEXINGTON

All nonprofits in LEXINGTON · Kentucky · Youth development