Nonprofit · EIN 27-3492063
PROJECT PURPLE INC
Tax-exempt · SEYMOUR, CT 06483
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,996,848 | $3,149,439 | -$152,591 | $2,234,680 | $531,026 | $1,703,654 |
| December 31, 2023 | 990 | $2,556,444 | $2,108,354 | $448,090 | $1,944,886 | $88,641 | $1,856,245 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,882,896
- Program service revenue
- $69,596
- Investment income
- $43,728
- Net gain from sales of assets
- -$71
- Net income from fundraising events
- -$9,721
- Net income from gaming
- $1,677
- Net income from sales of inventory
- $8,672
- Other revenue
- $628
Expenses
- Grants and similar amounts paid
- $1,405,530
- Compensation of officers, directors and key employees
- $214,208
- Other salaries and wages
- $380,154
- Salaries, compensation and benefits (total)
- $684,397
- Professional fundraising fees
- $0
- Legal fees
- $6,765
- Accounting fees
- $19,027
- Occupancy
- $33,600
- Travel
- $125,194
- Depreciation
- $9,246
- Program services (functional)
- $2,896,142
- Management and general (functional)
- $188,241
- Fundraising (functional)
- $65,056
Balance sheet and other
- Total assets, start of year
- $1,944,886
- Total assets, end of year
- $2,234,680
- Total liabilities, end of year
- $531,026
- Net assets, end of year
- $1,703,654
- Land, buildings and equipment
- $3,595
- Publicly traded securities
- $684,980
- Net assets without donor restrictions
- $1,372,317
- Net assets with donor restrictions
- $331,337
- Gross receipts
- $3,066,603
- Employees
- 16
- Volunteers
- 55
- Year formed
- 2010
- 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 | Other / benefits |
|---|---|---|---|---|
| SANDINO VERRELLI | FOUNDER AND Trustee or director, Officer | 40 | $212,128 | $2,534 |
| BRYAN LIVELY | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| BRENT SHEEHAN | VICE PRESIDE Trustee or director, Officer | 3 | $0 | $0 |
| ALEX PALIOS | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| KATHLEEN BALDUCCI | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| TONY LUONGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRET SCHIPPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY BUTH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER BECKAGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SANDINO VERRELLI | FOUNDER AND Trustee or director, Officer | 40 | $185,855 | $2,341 |
| BRYAN LIVELY | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| BRENT SHEEHAN | VICE PRESIDE Trustee or director, Officer | 3 | $0 | $0 |
| ALEX PALIOS | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| KATHLEEN BALDUCCI | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| TONY LUONGO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRET SCHIPPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY BUTH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNIFER BECKAGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN ZELLNER - OUTGOING | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 115 MAIN ST STE 1, SEYMOUR, CT 06483-3167
- In care of
- % SANDINO VERRELLI
- Mailing address (990-N for 2011)
- 141 South Main Street - 2nd Floor, Beacon Falls CT 06403
- Principal officer (990 for 2024)
- SANDINO VERRELLI, 115 MAIN STREET SUITE 1, SEYMOUR, CT 06483
- Principal officer (990-N for 2011)
- Dino Verrelli, 33 Kaleas Way, Beacon Falls CT 06403
- Signed the 990
- SANDINO VERRELLI, FOUNDER AND CEO
- Phone
- (203) 714-6052
- Website
- www.run4projectpurple.org
- Return prepared by
- KENDALL PREBOLA AND JONES LLC
Mission
THE MISSION OF PROJECT PURPLE IS TO RAISE AWARENESS AND FUNDS TOWARD A CURE OF PANCREATIC CANCER. IN ADDITION, PROJECT PURPLE MOTIVATES PEOPLE TO RUN IN WORLD RENOWNED MARATHONS AND HALF MARATHONS TO RAISE MISSION CRITICAL FUNDS.
Program accomplishments
- PROGRAM AND MARATHON ACTIVITIES OUR PRIMARY FUNDRAISING COMES FROM PARTICIPATING IN MARATHONS, HALF MARATHONS, AND 5K RACES ACROSS THE COUNTRY; INCLUDING THE TOP FOUR U.S. MARATHONS. OUR TEAM CONSISTS OF RUNNERS FROM ALL OVER THE WORLD, MOST OF THEM HAVE BEEN TOUCHED BY PANCREATIC CANCER.Expenses $1,465,962 · grants $5,077 · revenue $69,596
- RESEARCH, SCHOLARSHIPS AND PATIENT AID PROJECT PURPLE HAS BECOME A LEADING PROVIDER OF FINANCIAL AID TO FAMILIES BATTLING PANCREATIC CANCER. WE OFFER GRANTS TO FAMILIES THAT ARE BATTLING THIS DISEASE FROM ALL OVER THE UNITED STATES. WE OFFER FINANCIAL ASSISTANCE WITH HOUSING, UTILITIES, MEDICAL, AND WE ALSO HAVE A MISCELLANEOUS CATEGORY THAT HAS BEEN USED TO COVER THINGS LIKE GAS, ALTERNATIVE LODGING, AND ANYTHING NOT COVERED IN THE OTHER CATEGORIES. PATIENTS ARE ELIGIBLE TO APPLY ONCE EVERY 12 MONTHS AND OUR TYPICAL CYCLE LASTS ANYWHERE FROM 3-4 WEEKS, DEPENDING ON THE APPLICATION, IF ALL THE REQUIREMENTS ARE IN GOOD ORDER. WE REQUIRE PATIENTS TO SUBMIT PROOF OF DIAGNOSIS AND CURRENT PROTOCOL, PHOTO ID, PREVIOUS YEAR'S TAX FILING, AS WELL AS ANY BILLS THAT THEY ARE LOOKING FOR ASSISTANCE WITH. PROJECT PURPLE IS COMMITTED TO FUNDING CRITICAL RESEARCH TOWARDS A CURE AND EARLY DETECTION OF PANCREATIC CANCER. PROJECT PURPLE HAS FUNDED OVER 3,000,000 SINCE INCEPTION FOR CLINICAL AND SCIENTIFIC RESEARCH TOWARDS ITS MISSION WITH SOME OF THE TOP SCIENTISTS AND DOCTORS IN THE UNITED STATES WORKING TOWARDS THAT GOAL. OUR RESEARCH APPROACH IS TO ASSIST IN FUNDING OF THIS CRITICAL RESEARCH WITH SOME OF THE TOP SCIENTISTS AND DOCTORS IN THE UNITED STATES. THE SCOPE OF THE MANY PROJECTS HAS RANGED FROM IMMUNOLOGY, EARLY DETECTION, BASIC SCIENCE, CLINICAL TRIALS AND MUCH MORE.Expenses $1,430,180 · grants $1,400,453
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
- 27-3492063
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Medical research (H12)
- Assets (IRS master file)
- $2,234,680
- Income (IRS master file)
- $3,066,603
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,996,848 | $3,149,439 | $2,234,680 | XML |
| 990 | December 2023 | $2,556,444 | $2,108,354 | $1,944,886 | XML |
| 990 | December 2022 | $1,765,053 | $1,420,478 | $1,495,812 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Dino Verrelli | 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 27-3492063).
Questions about PROJECT PURPLE INC
- What is the EIN of PROJECT PURPLE INC?
- The employer identification number (EIN) of PROJECT PURPLE INC is 27-3492063.
- Is PROJECT PURPLE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to PROJECT PURPLE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT PURPLE 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 PURPLE 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 PURPLE 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 PURPLE INC?
- The 990 for the year ended December 31, 2024 names SANDINO VERRELLI.
- Who are the officers and directors of PROJECT PURPLE INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $212,128 (SANDINO VERRELLI, FOUNDER AND).
- How much revenue does PROJECT PURPLE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,996,848, expenses of $3,149,439 and total assets of $2,234,680 at year end.
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