Nonprofit · EIN 56-2194512
CYPRESS PROJECT INC
Tax-exempt · DUNCAN, SC 29334
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $158,945 | $135,274 | $23,671 | $80,420 | $0 | $80,420 |
| December 31, 2023 | 990-EZ | $137,426 | $141,199 | -$3,773 | $45,832 | $0 | $45,832 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $151,618
- Program service revenue
- $6,532
- Investment income
- $795
Expenses
- Grants and similar amounts paid
- $100,506
- Compensation of officers, directors and key employees
- $9,300
- Salaries, compensation and benefits (total)
- $9,300
- Professional fees and payments to contractors
- $5,522
- Other expenses
- $19,946
- Program services (functional)
- $104,358
Balance sheet and other
- Total assets, start of year
- $45,832
- Total assets, end of year
- $80,420
- Total liabilities, end of year
- $0
- Net assets, end of year
- $80,420
- Cash, savings and investments
- $80,420
- Gross receipts
- $158,945
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEAL MCGLOHON | EXECUTIVE DIRECTOR | 5 | $9,300 |
| JAMES C JERNIGAN | TREASURER | 0.25 | $0 |
| MATTHEW T DAWSON | DIRECTOR | 0.25 | $0 |
| WILL OSWALD | DIRECTOR | 0.25 | $0 |
| DINO SINESI | DIRECTOR | 0.25 | $0 |
| WALT TANNER | DIRECTOR | 0.25 | $0 |
| CHAD MOORE | DIRECTOR | 0.25 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEAL MCGLOHON | EXECUTIVE DIRECTOR | 5 | $8,750 |
| JAMES C JERNIGAN | TREASURER | 0.25 | $0 |
| MATTHEW T DAWSON | DIRECTOR | 0.25 | $0 |
| WILL OSWALD | DIRECTOR | 0.25 | $0 |
| DINO SINESI | DIRECTOR | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 3053 AMBROSIA DR, DUNCAN, SC 29334-7910
- In care of
- % NEAL MCGLOHON
- Mailing address (990-N for 2020)
- 5451 Kings River Drive, North Charleston SC 29420
- Principal officer (990-N for 2020)
- Neal McGlohon, 5451 Kings River Drive, North Charleston SC 29420
- Signed the 990-EZ
- NEAL MCGLOHON, EXECUTIVE DIRECTOR
- Phone
- (704) 907-8100
- Return prepared by
- KILLEN AND ASSOCIATES CPAs PA
Mission
CREATE AND MANAGE A NETWORK OF INDIVIDUA
Program accomplishments
- DOMESTIC CHURCH STARTER TRAINING: TEN COHORTS TRAINING OVER 50 CHURCHES AND 100 LEADERS (CHURCH STARTERS AND PASTORS) IN CITIES INCLUDING BOSTON, LOS ANGELES, CHARLOTTE, CHARLESTONExpenses $43,852
- INTERNATIONAL CHURCH STARTER TRAINING: TRAINING IN FIVE COUNTRIES FOR OVER 200 LEADERS (CHURCH STARTERS AND PASTORS), RESULTING IN 75+ NEW CHURCHES, AND EXISTING CHURCHES SERVING OExpenses $15,064 · grants $64
- MINISTRY, MARKETPLACE, AND MULTI-ETHNIC LEADERSHIP DEVELOPMENT IN CHARLESTON, SC: INCLUDING PARTNERSHIP WITH CHURCH AT CANE BAY TO START MULTIPLE MONTHLY PASTORS HUDDLES ACROSS CHAExpenses $45,442 · grants $100,442
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 56-2194512
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X22)
- Assets (IRS master file)
- $80,420
- Income (IRS master file)
- $158,945
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $158,945 | $135,274 | $80,420 | XML |
| 990-EZ | December 2023 | $137,426 | $141,199 | $45,832 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Neal McGlohon | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Neal McGlohon | December 31, 2019 | ≤ $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 56-2194512).
Questions about CYPRESS PROJECT INC
- What is the EIN of CYPRESS PROJECT INC?
- The employer identification number (EIN) of CYPRESS PROJECT INC is 56-2194512.
- Is CYPRESS PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to CYPRESS PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CYPRESS 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 CYPRESS 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 CYPRESS PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of CYPRESS PROJECT INC?
- The 990-N for 2020 names Neal McGlohon.
- Who are the officers and directors of CYPRESS PROJECT INC?
- The 990-EZ for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $9,300 (NEAL MCGLOHON, EXECUTIVE DIRECTOR).
- How much revenue does CYPRESS PROJECT INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $158,945, expenses of $135,274 and total assets of $80,420 at year end.
Other nonprofits in DUNCAN
- BIBLE REVIVAL MINISTRIES EIN 26-1270512 · last filed 990-EZ for 2024
- SOUTHERN GOSPEL PROMOTERS ASSOCIATION EIN 87-3617558 · last filed 990-EZ for 2025
- KORAX MINISTRIES INTERNATIONAL INC EIN 58-2310102 · last filed 990-EZ for 2023
- CARIBBEAN OUTREACH INC EIN 57-1014046 · last filed 990-N for 2023
- NEW 4RMATIONS INC EIN 81-0773159 · last filed 990-N for 2025
- EYES LIKE DOVES MINISTRIES EIN 41-2749211 · last filed 990-N for 2025
- LIFE IN CHRIST INC EIN 82-0517813 · last filed 990-N for 2025
- SOUTHEASTERN CHILDRENS HOME EIN 23-7061916 · last filed 990 for 2025
All nonprofits in DUNCAN · South Carolina · Religion-related