Nonprofit · EIN 81-2497638
CARAVANSERAI PROJECT
Tax-exempt · PALM SPRINGS, CA 92262
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,007,396 | $1,765,431 | -$758,035 | $745,147 | $149,481 | $595,666 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $988,000
- Program service revenue
- $0
- Investment income
- $19,262
- Other revenue
- $134
Expenses
- Grants and similar amounts paid
- $482,638
- Compensation of officers, directors and key employees
- $233,189
- Other salaries and wages
- $350,011
- Salaries, compensation and benefits (total)
- $691,487
- Professional fundraising fees
- $0
- Accounting fees
- $55,923
- Occupancy
- $38,622
- Travel
- $20,973
- Depreciation
- $3,528
- Program services (functional)
- $1,490,234
- Management and general (functional)
- $274,912
- Fundraising (functional)
- $285
Balance sheet and other
- Total assets, start of year
- $1,475,288
- Total assets, end of year
- $745,147
- Total liabilities, end of year
- $149,481
- Net assets, end of year
- $595,666
- Land, buildings and equipment
- $6,546
- Net assets without donor restrictions
- $113,927
- Net assets with donor restrictions
- $481,739
- Gross receipts
- $1,007,396
- Employees
- 9
- Volunteers
- 0
- Year formed
- 2016
- State of legal domicile
- DC
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 |
|---|---|---|---|
| MIHAI PATRU | PRESIDENT Officer | 40 | $100,450 |
| FRANZENE MINOTT | CHIEF OPERATIONS OFFICER Trustee or director, Officer | 40 | $67,039 |
| STEPHEN BENNETT | BOARD TREASURER Trustee or director | 40 | $65,700 |
| LARRY COLTON | BOARD MEMBER Trustee or director | 1 | $0 |
| CRAIG DOUGHERTY | BOARD MEMBER Trustee or director | 1 | $0 |
| HELI CASTANEDA | BOARD MEMBER Trustee or director | 1 | $0 |
| JERRY FOGELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTOPHER HOPKINS-GILLISPIE | BOARD MEMBER Trustee or director | 1 | $0 |
| RHETT WILSON | BOARD MEMBER Trustee or director | 1 | $0 |
| KEVEN PALMER | BOARD MEMBER Trustee or director | 1 | $0 |
| NEREYDA RODRIGUEZ-LOO | BOARD MEMBER Trustee or director | 1 | $0 |
| DEEDEE TOWERY | BOARD MEMBER Trustee or director | 1 | $0 |
| REGINAL WEATHERSPOON-BELL | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2150 E TAHQUITZ CANYON WAY STE 3, PALM SPRINGS, CA 92262-6817
- In care of
- % STEPHEN LANE BENNETT
- Mailing address (990-N for 2017)
- 1927 S Street NW, Washington DC 20009
- Principal officer (990 for 2024)
- MIHAI PATRU, 2150 E TAHQUITZ CANYON WAY 3, PALM SPRINGS, CA 92262
- Principal officer (990-N for 2017)
- Stephen Bennett, 1927 S Street NW, Washington DC 20009
- Signed the 990
- MIHAI PATRU, PRESIDENT
- Phone
- (310) 463-0154
- Website
- www.caravanseraiproject.org
- Return prepared by
- WILLIAM J HEALEY III CPA
Mission
CARAVANSERAI PROJECT PROMOTES SOCIAL AND ECONOMIC PROGRESS BY BRIDGING GAPS BETWEEN CULTURES AND ENVIRONMENTS THROUGH FIDUCIARY AND INTERMEDIARY SUPPORT VIA TRAININGS, EDUCATION, AND TECHNICAL ASSISTANCE. IT SERVES AS A FIDUCIARY FOR CERTAIN PROJECTS AND ORGANIZATIONS WORKING CONSISTENTLY WITH THE MISSION OF CARAVANSERAI PROJECT INCLUDING MOSSIER SOCIAL ACTION
Program accomplishments
- SEED LAB PRE-ACCELERATOR, LAUNCHED IN 2018, IS AN 8-MONTH PROGRAM (OCTOBER - MAY) DESIGNED TO HELP STARTUP AND EARLY-STAGE ENTREPRENEURS BUILD VIABLE MISSION-DRIVEN VENTURES FROM IDEATION TO PILOTING AND SCALING. IN 2019, THE PROGRAM WAS APPROVED BY UCR-EXTENSION AS A 9-PROFESSIONAL CREDIT SPECIALIZED CERTIFICATE. IT CONSISTS OF COHORT WORKSHOPS AND MONTHLY ONE-ON-ONE COACHING AND MENTORSHIP SESSIONS. PRIORITY IS GIVEN TO APPLICANTS REPRESENTING HISTORICALLY MARGINALIZED AND UNDERSERVED COMMUNITIES. TO DATE, OVER 47 FELLOWS GRADUATED FROM THE PROGRAM, EACH YEAR UP TO 12 NEW FELLOWS JOINING THE PROGRAM.Expenses $8,924
- BUSINESS READINESS TRAINING AND GRANT MAKING ARE INTERCONNECTED AND PROVIDE MISSION-DRIVEN ENTREPRENEURS BOTH TECHNICAL SUPPORT AND FUNDING. STARTING 2022 TO 2024, CARAVANSERAI PROJECT WILL WORK WITH OVER 200 BENEFICIARIES IN THE IE AND PROVIDE A TOTAL OF OVER $1.5M IN MICRO-GRANTS. IN 2023, CARAVANSERAI PROJECT OFFERS ALMOST $1.8M IN UP TO $10,000 MICRO-GRANTS AS PART OF THE DREAM FUND PROGRAM FUNDED BY THE CALIFORNIA OFFICE OF SMALL BUSINESS ADVOCATE TO OVER 150 STARTUP ENTREPRENEURS IN CALIFORNIA WHO SUCCESSFULLY GRADUATED THE BUSINESS READINESS TRAINING PROGRAM OR SEED LAB PRE-ACCELERATOR.Expenses $1,071,592 · grants $482,638
- THE BUSINESS COACHING PROGRAM PROVIDES ONE-ON-ONE AND GROUP ADVISORY SERVICES TO ENTREPRENEURS, NONPROFIT LEADERS, AND SMALL BUSINESS OWNERS TO STRENGTHEN THEIR MANAGEMENT, OPERATIONS, AND LONG TERM SUSTAINABILITY. PARTICIPANTS RECEIVE TAILORED GUIDANCE IN AREAS SUCH AS FINANCIAL MANAGEMENT, COMPLIANCE, BUSINESS PLANNING, MARKETING, AND ORGANIZATIONAL DEVELOPMENT. COACHING SESSIONS ARE DESIGNED TO MEET EACH PARTICIPANT'S SPECIFIC NEEDS AND TO PROVIDE ACTIONABLE TOOLS FOR GROWTH.THE PROGRAM EMPHASIZES SUPPORT FOR HISTORICALLY UNDERSERVED AND UNDERREPRESENTED COMMUNITIES. BY OFFERING INDIVIDUALIZED COACHING AND TECHNICAL ASSISTANCE, IT HELPS PARTICIPANTS IMPROVE THEIR BUSINESS MODELS, ACCESS FUNDING OPPORTUNITIES, AND INCREASE THEIR CAPACITY TO CREATE JOBS AND DELIVER SERVICES IN THEIR COMMUNITIES.Expenses $364,097
- BREAKTHROUGH MASTERCLASSES AND STRATEGIC NETWORKING AND PLANNING CIRCLES ARE SHORT-TERM PROGRAMS FOR LEADERSHIP OF ADVANCED MISSION-DRIVEN ORGANIZATIONS. COHORTS OF UP TO 10 PARTICIPANTS ARE PART OF CURATED CONVERSATIONS, TRAINING, AND EXCHANGES OF IDEAS.Expenses $45,621
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 | No data |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2497638
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $530,660
- Income (IRS master file)
- $1,278,446
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,406,476 | $1,532,096 | $1,475,288 | IRS |
| 990 | December 2022 | $889,280 | $1,002,030 | $544,060 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Stephen Bennett | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about CARAVANSERAI PROJECT
- What is the EIN of CARAVANSERAI PROJECT?
- The employer identification number (EIN) of CARAVANSERAI PROJECT is 81-2497638.
- Is CARAVANSERAI PROJECT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to CARAVANSERAI PROJECT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARAVANSERAI PROJECT 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 CARAVANSERAI PROJECT due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARAVANSERAI PROJECT 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 CARAVANSERAI PROJECT?
- The 990 for the year ended December 31, 2024 names MIHAI PATRU.
- Who are the officers and directors of CARAVANSERAI PROJECT?
- The 990 for the year ended December 31, 2024 lists 13 people; 3 received compensation from the organization, the highest $100,450 (MIHAI PATRU, PRESIDENT).
- How much revenue does CARAVANSERAI PROJECT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,007,396, expenses of $1,765,431 and total assets of $745,147 at year end.
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All nonprofits in PALM SPRINGS · California · International, foreign affairs and national security