Nonprofit · EIN 80-0906394
PROJECT FIRST RATE
Tax-exempt · ROCKFORD, IL 61104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $295,209 | $304,593 | -$9,384 | $126,201 | $1,950 | $124,251 |
| May 31, 2024 | 990 | $283,255 | $305,596 | -$22,341 | $135,528 | $1,893 | $133,635 |
| May 31, 2023 | 990 | $264,057 | $292,661 | -$28,604 | $158,029 | $2,053 | $155,976 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $1,750
- Program service revenue
- $293,459
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $37,757
- Compensation of officers, directors and key employees
- $98,902
- Salaries, compensation and benefits (total)
- $125,068
- Professional fundraising fees
- $0
- Accounting fees
- $4,750
- Occupancy
- $21,900
- Travel
- $2,755
- Depreciation
- $14,971
Balance sheet and other
- Total assets, start of year
- $135,528
- Total assets, end of year
- $126,201
- Total liabilities, end of year
- $1,950
- Net assets, end of year
- $124,251
- Land, buildings and equipment
- $34,611
- Net assets without donor restrictions
- $124,251
- Gross receipts
- $295,209
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- IL
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL NOLLEY | EXECUTIVE DIRECTOR Officer | 40 | $95,466 | $16,704 |
| CHARLES BARRETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRAD LONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LINDA MCHUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEITH GAHL | SECRETARY Trustee or director | 1 | $0 | $0 |
| FORTUNATO SALAMONE | CO-CHAIR Trustee or director | 1 | $0 | $0 |
| DAVID ANSPAUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK SZULA | BOARD MEMBER - PAST Trustee or director | 1 | $0 | $0 |
| RICHARD SHUGA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BILL SPRAGUE | CO-CHAIR Trustee or director | 1 | $0 | $0 |
| TRAVIS GORMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH COOK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEBRA SULLIVAN | TREASURER Trustee or director | 1 | $0 | $0 |
| ERIK CALVERT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEN SAUNDERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY ROWLETT | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK PALMER | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK TARARA | BOARD MEMBER - PAST Trustee or director | 1 | $0 |
| ART STURMS | BOARD MEMBER - PAST Trustee or director | 1 | $0 |
| GREG HARLE | BOARD MEMBER - PAST Trustee or director | 1 | $0 |
| TOM MATUS | BOARD MEMBER - NEW Trustee or director | 1 | $0 |
| MIKE GETZELMAN | BOARD MEMBER - NEW Trustee or director | 1 | $0 |
| MATT TRIELOFF | BOARD MEMBER - NEW Trustee or director | 1 | $0 |
| RYAN MARSHALL | BOARD MEMBER - NEW Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL NOLLEY | EXECUTIVE DIRECTOR Officer | 40 | $93,998 | $16,704 |
| CHARLES BARRETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRAD LONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LINDA MCHUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALAN GOLDEN | BOARD MEMBER - PAST Trustee or director | 1 | $0 | $0 |
| JOE MARING | BOARD MEMBER - PAST Trustee or director | 1 | $0 | $0 |
| KEITH GAHL | SECRETARY Trustee or director | 1 | $0 | $0 |
| FORTUNATO SALAMONE | CO-CHAIR Trustee or director | 1 | $0 | $0 |
| ANDY KWIATKOWSKI | BOARD MEMBER - PAST Trustee or director | 1 | $0 | $0 |
| DAVID ANSPAUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK SZULA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD SHUGA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BILL SPRAGUE | CO-CHAIR Trustee or director | 1 | $0 | $0 |
| JAMIE STANLEY | BOARD MEMBER - PAST Trustee or director | 1 | $0 | $0 |
| TIM HUFF | BOARD MEMBER - PAST Trustee or director | 1 | $0 | $0 |
| TRAVIS GORMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSEPH COOK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEBRA SULLIVAN | TREASURER Trustee or director | 1 | $0 | $0 |
| ERIK CALVERT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEN SAUNDERS | BOARD MEMBER - NEW Trustee or director | 1 | $0 | $0 |
| LARRY ROWLETT | BOARD MEMBER - NEW Trustee or director | 1 | $0 | $0 |
| MARK PALMER | BOARD MEMBER - NEW Trustee or director | 1 | $0 | $0 |
| FRANK TARARA | BOARD MEMBER - NEW Trustee or director | 1 | $0 | $0 |
| ART STURMS | BOARD MEMBER - NEW Trustee or director | 1 | $0 | $0 |
| GREG HARLE | BOARD MEMBER - NEW Trustee or director | 1 | $0 | $0 |
990 for the year ended May 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL NOLLEY | EXECUTIVE DIRECTOR Officer | 40 | $81,200 |
| CHARLES BARRETT | BOARD MEMBER Trustee or director | 1 | $0 |
| BRAD LONG | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDA MCHUGH | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN GOLDEN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE MARING | BOARD MEMBER Trustee or director | 1 | $0 |
| KEITH GAHL | SECRETARY Trustee or director | 1 | $0 |
| FORTUNATO SALAMONE | CO-CHAIR Trustee or director | 1 | $0 |
| ANDY KWIATKOWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID ANSPAUGH | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK SZULA | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD SHUGA | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL SPRAGUE | CO-CHAIR Trustee or director | 1 | $0 |
| JAMIE STANLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM HUFF | BOARD MEMBER Trustee or director | 1 | $0 |
| TRAVIS GORMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSEPH COOK | BOARD MEMBER Trustee or director | 1 | $0 |
| DEBRA SULLIVAN | TREASURER Trustee or director | 1 | $0 |
| ERIK CALVERT | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 111 S MADISON ST, ROCKFORD, IL 61104-1111
- In care of
- % DEBRA SULLIVAN
- Principal officer (990 for 2024)
- DAVID ANSPAUGH, 111 S MADISON ST, ROCKFORD, IL 61104
- Signed the 990
- DAVID ANSPAUGH, TREASURER
- Phone
- (815) 904-6833
- Website
- WWW.PROJECTFIRSTRATE.COM
- Return prepared by
- LEGACY PROFESSIONALS LLP
Mission
ORGANIZED TRADES COUNCIL
Program accomplishments
- TO PROMOTE THE MEMBERSHIP TO THE COMMUNITY, PROMOTE THE ORGANIZED TRADES AS A VIABLE CAREER OPTION, AND TO WORK WITH NONPROFIT AND OTHER ORGANIZATIONS TO ENGAGE ITS MEMBERSHIP IN COMMUNITY OUTREACH.
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 80-0906394
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S46)
- Assets (IRS master file)
- $126,201
- Income (IRS master file)
- $295,209
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $295,209 | $304,593 | $126,201 | XML |
| 990 | May 2024 | $283,255 | $305,596 | $135,528 | XML |
| 990 | May 2023 | $264,057 | $292,661 | $158,029 | XML |
| 990 | May 2022 | $238,761 | $196,912 | $186,327 | IRS |
| 990-EZ | May 2021 | – | – | – | IRS |
| 990-EZ | May 2020 | – | – | – | IRS |
| 990-EZ | May 2019 | – | – | – | IRS |
| 990-EZ | May 2018 | – | – | – | 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 80-0906394).
Questions about PROJECT FIRST RATE
- What is the EIN of PROJECT FIRST RATE?
- The employer identification number (EIN) of PROJECT FIRST RATE is 80-0906394.
- Is PROJECT FIRST RATE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2014.
- Are donations to PROJECT FIRST RATE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROJECT FIRST RATE 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 FIRST RATE due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROJECT FIRST RATE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of PROJECT FIRST RATE?
- The 990 for the year ended May 31, 2025 names DAVID ANSPAUGH.
- Who are the officers and directors of PROJECT FIRST RATE?
- The 990 for the year ended May 31, 2025 lists 24 people; 1 received compensation from the organization, the highest $95,466 (PAUL NOLLEY, EXECUTIVE DIRECTOR).
- How much revenue does PROJECT FIRST RATE have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $295,209, expenses of $304,593 and total assets of $126,201 at year end.
Other nonprofits in ROCKFORD
- ROCK RIVER DEVELOPMENT PARTNERSHIP INC EIN 27-1153597 · last filed 990 for 2024
- AFRICAN-AMERICAN RESOURCE CENTER AT BOOKER EIN 47-1392289 · last filed 990 for 2025
- NORTHERN ILLINOIS CENTER FOR NONPROFIT EXCELLENCE EIN 82-3303333 · last filed 990 for 2025
- ROCKFORD AREA CONVENTION & VISITORS BUREAU CHARITABLE FOUNDATION EIN 47-4742025 · last filed 990 for 2025
- ROCKFORD COMMUNITY INVESTMENT FUND EIN 87-4616912 · last filed 990 for 2025
- ROCKFORD PIPE TRADES LABOR MANAGEMENT COOPERATION COUNCIL EIN 26-2258555 · last filed 990 for 2024
- ILLINOIS LAND TITLE ASSOCIATION EIN 37-6046634 · last filed 990 for 2025
- KIWANIS CHARITIES OF ROCKFORD INC EIN 36-6167609 · last filed 990 for 2025
All nonprofits in ROCKFORD · Illinois · Community improvement and capacity building