Nonprofit · EIN 06-1624821
VILLAGE INITIATIVE PROJECT INC
Tax-exempt · BRIDGEPORT, CT 06606
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $573,278 | $578,611 | -$5,333 | $27,331 | $168,733 | -$141,402 |
| December 31, 2023 | 990 | $649,313 | $735,626 | -$86,313 | $38,571 | $174,640 | -$136,069 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $573,256
- of which government grants
- $519,315
- Program service revenue
- $0
- Investment income
- $22
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $30,759
- Other salaries and wages
- $123,942
- Salaries, compensation and benefits (total)
- $166,536
- Professional fundraising fees
- $0
- Occupancy
- $58,195
- Depreciation
- $196
- Program services (functional)
- $545,402
- Management and general (functional)
- $33,209
Balance sheet and other
- Total assets, start of year
- $38,571
- Total assets, end of year
- $27,331
- Total liabilities, end of year
- $168,733
- Net assets, end of year
- -$141,402
- Land, buildings and equipment
- $180
- Net assets without donor restrictions
- -$141,402
- Gross receipts
- $573,278
- Employees
- 25
- Volunteers
- 18
- Year formed
- 2001
- State of legal domicile
- CT
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA WILSON | EXECUTIVE DIR Trustee or director, Officer | 40 | $30,759 |
| LORI GIBBS | MEMBER Trustee or director | 1 | $0 |
| JEMEL HART | MEMBER Trustee or director | 2 | $0 |
| TERRY WALDEN | MEMBER Trustee or director | 1 | $0 |
| DAVON THOMAS | MEMBER Trustee or director | 2 | $0 |
| SAMUEL N WILSON JR | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| CIARA WALKER | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA WILSON | EXECUTIVE DIR Trustee or director, Officer | 40 | $87,689 |
| TERRY WALDEN | MEMBER Trustee or director | 1 | $0 |
| DAVON THOMAS | MEMBER Trustee or director | 2 | $0 |
| JEMEL HART | MEMBER Trustee or director | 2 | $0 |
| LORI GIBBS | MEMBER Trustee or director | 1 | $0 |
| SAMUEL N WILSON JR | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| CIARA WALKER | TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 30 FOLINO DR, BRIDGEPORT, CT 06606-1057
- In care of
- % TERESA M WILSON
- Signed the 990
- TERESA M WILSON, EXECUTIVE DIRECTOR
- Return prepared by
- SAMUEL N WILSON JR CPA LLC
Mission
COLLEGE PREP & TOURS
Program accomplishments
- THE ORGANIZATION PROVIDED IN PERSON WEEKLY COLLEGE PREP TRAINING FOR MORE THAN 175 STUDENTS. THE WEEKLY TRAINING ALSO INCLUDED COLLEGE PREP WORKSHOPS, COLLEGE APPLICATION INFORMATION, MENTAL HEALTH COUNSELING, FINANCIAL LITERACY TRAINING, AND LIFE SKILLS, ETC.THE ORGANIZATION ALSO SPONSORED COLLEGE TOURS IN WHICH OVER 150 STUDENTS IN GRADES 6TH THRU 12TH WERE EXPOSED TO OVER 35 COLLGES AND COLLEGE FAIRS.ALSO SPONSORED A BASKETBALL LEAGUE IN WHICH OVER 30 ATHLETES WERE PROVIDED TRAINING AND SKILLS DEVELOPMENT.Expenses $545,402 · grants $519,315
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1624821
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $27,331
- Income (IRS master file)
- $573,278
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $573,278 | $578,611 | $27,331 | XML |
| 990 | December 2023 | $649,313 | $735,626 | $38,571 | XML |
| 990 | December 2022 | $780,422 | $802,337 | $118,523 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
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 06-1624821).
Questions about VILLAGE INITIATIVE PROJECT INC
- What is the EIN of VILLAGE INITIATIVE PROJECT INC?
- The employer identification number (EIN) of VILLAGE INITIATIVE PROJECT INC is 06-1624821.
- Is VILLAGE INITIATIVE PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to VILLAGE INITIATIVE PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VILLAGE INITIATIVE PROJECT 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 VILLAGE INITIATIVE PROJECT 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 VILLAGE INITIATIVE PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of VILLAGE INITIATIVE PROJECT INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $30,759 (TERESA WILSON, EXECUTIVE DIR).
- How much revenue does VILLAGE INITIATIVE PROJECT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $573,278, expenses of $578,611 and total assets of $27,331 at year end.
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