Nonprofit · EIN 22-3012835
PROJECT OPPORTUNITY INC
Tax-exempt · BETHEL, ME 04217
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $87,375 | $73,957 | $13,418 | $1,258,554 | $0 | $1,258,554 |
| December 31, 2023 | 990 | $61,376 | $68,769 | -$7,393 | $1,152,586 | $170 | $1,152,416 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $40,535
- Program service revenue
- $0
- Investment income
- $46,840
- Net gain from sales of assets
- $16,612
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $48,827
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,870
- Program services (functional)
- $73,957
Balance sheet and other
- Total assets, start of year
- $1,152,586
- Total assets, end of year
- $1,258,554
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,258,554
- Gross receipts
- $387,952
- Employees
- 0
- Volunteers
- 270
- Year formed
- 1989
- State of legal domicile
- ME
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 |
|---|---|---|---|
| JOSHUA MOWERY | DIRECTOR Trustee or director | 2.5 | $0 |
| CHARLES RAYMOND | DIRECTOR Trustee or director | 2.5 | $0 |
| LYNDSEY SMITH | DIRECTOR Trustee or director | 2.5 | $0 |
| JAMIE MILLER | TREASURER Trustee or director | 2.5 | $0 |
| MARILYN SWAN | DIRECTOR Trustee or director | 2.5 | $0 |
| CHRISTOPHER WRIGHT | DIRECTOR Trustee or director | 2.5 | $0 |
| MARJORIE OSGOOD | SECRETARY Officer | 4 | $0 |
| MICHELE VARUOLO COLE | CHAIR Officer | 5 | $0 |
| JOHN ELIOT | VICE CHAIR Officer | 2.5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES RAYMOND | DIRECTOR Trustee or director | 2.5 | $0 |
| LYNDSEY SMITH | DIRECTOR Trustee or director | 2.5 | $0 |
| JAMIE MILLER | DIRECTOR Trustee or director | 2.5 | $0 |
| JOSHUA MOWERY | DIRECTOR Trustee or director | 2.5 | $0 |
| JOHN ELIOT | VICE CHAIR Officer | 2.5 | $0 |
| CLAIRE CARVER | TREASURER Officer | 3 | $0 |
| MARJORIE OSGOOD | SECRETARY Officer | 4 | $0 |
| MICHELE VARUOLO COLE | CHAIR Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 324, BETHEL, ME 04217-0324
- In care of
- % MICHELE VARUOLO COLE
- Mailing address (990-N for 2011)
- PO BOX 324, BETHEL ME 04217
- Principal officer (990 for 2024)
- MICHELE VARUOLO COLE, PO BOX 735, BETHEL, ME 04217
- Principal officer (990-N for 2011)
- DANIEL CUMMINGS, 415 CONGRESS STREET, PORTLAND ME 04102
- Signed the 990
- MICHELE VARUOLO COLE, CHAIR
- Phone
- (207) 824-2496
- Return prepared by
- Kelly O Newkirk CPA PC
Mission
PROVIDE COLLEGE SCHOLARSHIPS AND GRANTS
Program accomplishments
- STUDENTS AT TELSTAR REGIONAL HIGH SCHOOL RECEIVED SCHOLARSHIPS AND A GROUP OF STUDENTS TAKING THE PSAT RECEIVED GRANTS DESIGNED TO RAISE APERATIONS.Expenses $73,957
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
- 22-3012835
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,258,554
- Income (IRS master file)
- $387,952
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $87,375 | $73,957 | $1,258,554 | XML |
| 990 | December 2023 | $61,376 | $68,769 | $1,152,586 | XML |
| 990 | December 2022 | $230,314 | $56,424 | $1,051,526 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: DANIEL CUMMINGS | December 31, 2011 | ≤ $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 22-3012835).
Questions about PROJECT OPPORTUNITY INC
- What is the EIN of PROJECT OPPORTUNITY INC?
- The employer identification number (EIN) of PROJECT OPPORTUNITY INC is 22-3012835.
- Is PROJECT OPPORTUNITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to PROJECT OPPORTUNITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does PROJECT OPPORTUNITY 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 OPPORTUNITY 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 OPPORTUNITY 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 OPPORTUNITY INC?
- The 990 for the year ended December 31, 2024 names MICHELE VARUOLO COLE.
- Who are the officers and directors of PROJECT OPPORTUNITY INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does PROJECT OPPORTUNITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $87,375, expenses of $73,957 and total assets of $1,258,554 at year end.
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