Nonprofit · EIN 83-4515483
PROJECT 48 INC
Tax-exempt · PORTLAND, OR 97202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,132,240 | $1,133,059 | -$819 | $473,571 | $3,992 | $469,579 |
| December 31, 2024 | 990 | $631,381 | $591,552 | $39,829 | $135,608 | $2,235 | $133,373 |
| December 31, 2023 | 990 | $569,150 | $540,230 | $28,920 | $115,344 | $20,218 | $95,126 |
| December 31, 2023 | 990-EZ (amended) | $0 | – | – | $0 | – | $0 |
| December 31, 2022 | 990 | $397,870 | $353,737 | $44,133 | $66,206 | $0 | $66,206 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,162,006
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$29,766
- Other revenue
- -$29,766
Expenses
- Grants and similar amounts paid
- $285,600
- Compensation of officers, directors and key employees
- $94,332
- Other salaries and wages
- $215,130
- Salaries, compensation and benefits (total)
- $349,018
- Professional fundraising fees
- $21,852
- Legal fees
- $2,252
- Accounting fees
- $13,595
- Occupancy
- $40,042
- Travel
- $3,343
- Depreciation
- $266
- Program services (functional)
- $927,820
- Management and general (functional)
- $147,808
- Fundraising (functional)
- $57,431
Balance sheet and other
- Total assets, start of year
- $135,608
- Total assets, end of year
- $473,571
- Total liabilities, end of year
- $3,992
- Net assets, end of year
- $469,579
- Land, buildings and equipment
- $933
- Net assets without donor restrictions
- $379,579
- Net assets with donor restrictions
- $90,000
- Gross receipts
- $1,178,675
- Employees
- 9
- Volunteers
- 170
- Year formed
- 2019
- State of legal domicile
- OR
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDY MEMORY | EXECUTIVE DIRECTOR Officer | 40 | $94,332 |
| DAVID THIEBES | BOARD PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL POLSIN | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CARLY SALAZAR | BOARD SECRETARY Trustee or director, Officer | 1 | $0 |
| JACQUE BOHLEN | BOARD TREASURER Trustee or director, Officer | 2 | $0 |
| HILARY KISSELL | BOARD SECRETARY Trustee or director, Officer | 1 | $0 |
| MOLLY MULLOY | DIRECTOR Trustee or director | 1 | $0 |
| KARI COURT | DIRECTOR Trustee or director | 1 | $0 |
| MARK PEASLEE | DIRECTOR Trustee or director | 1 | $0 |
| TONYA DANIELS | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE FORAN | DIRECTOR Trustee or director | 1 | $0 |
| GLEN GIOVANNETTI | DIRECTOR Trustee or director | 1 | $0 |
| EDWINA KANE | DIRECTOR Trustee or director | 1 | $0 |
| PAUL POLSIN | DIRECTOR Trustee or director | 1 | $0 |
| REBECCA HOWIE | DIRECTOR Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALICIA FINCH | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDY MEMORY | CEO Trustee or director | 38.5 | $57,814 |
| KAITLYN MCKIM | DIRECTOR OF PROGRAMS Trustee or director | 40 | $47,387 |
| ASHLEY COUNTRYMAN | DIRECTOR OF OPERATIONS Trustee or director | 40 | $33,782 |
| COURTNEY BUCKLEY | EXECUTIVE DIRECTOR Trustee or director | 40 | $30,000 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDY MEMORY | CEO Trustee or director | 40 | $50,096 |
| ASHLEY COUNTRYMAN | DIRECTOR OF OPERATIONS Trustee or director | 40 | $39,708 |
| COURTNEY BUCKLEY | DIRECTOR OF PROGRAMS Trustee or director | 40 | $30,260 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tonya Daniels | CFO | 21 | $0 |
| Brandy Memory | CEO | 21 | $0 |
| Carly Salazar | Secretary | 10 | $0 |
990 for the year ended December 31, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDY MEMORY | CEO Officer | 43 | $18,782 |
| ASHLEY COUNTRYMAN | DIRECTOR OF OPERATIONS Officer | 43 | $3,942 |
Address and contacts
- Address (IRS master file)
- 2505 SE 11TH AVE STE 122, PORTLAND, OR 97202-1061
- In care of
- % BRANDY MEMORY
- Principal officer (990 for 2025)
- PAUL POLSIN, 2505 SE 11TH AVE 122, PORTLAND, OR 97202
- Signed the 990
- PAUL POLSIN, EXECUTIVE DIRECTOR
- Phone
- (503) 936-0851
- Website
- HTTPS://WWW.P48NW.ORG
- Return prepared by
- MCDONALD JACOBS PC
Mission
PROJECT 48 SUPPORTS YOUTH EXPERIENCING FOSTER CARE BY PROVIDING ESSENTIAL ITEMS AND LIFE SKILLS DURING VULNERABLE AND TRAUMATIC TRANSITIONS. WE MEET IMMEDIATE BASIC NEEDS WHILE ALSO BUILDING CONFIDENCE, STABILITY, AND LONG-TERM PATHWAYS TO INDEPENDENCE THROUGH CONSISTENT SUPPORT AND COMMUNITY CONNECTION.
Program accomplishments
- ESSENTIAL BAG PROGRAMTHE ESSENTIAL BAG PROGRAM PROVIDES CUSTOM-PACKED BAGS OF NEW, HIGH-QUALITY CLOTHING AND HYGIENE ITEMS TO YOUTH EXPERIENCING FOSTER CARE DURING TIMES OF TRANSITION, INCLUDING ENTRY INTO CARE, PLACEMENT CHANGES, AND EXITS FROM THE SYSTEM. EACH BAG IS TAILORED TO THE INDIVIDUAL YOUTH'S SIZE, PREFERENCES, AND NEEDS, AND IS DELIVERED WITHIN 48 HOURS OF REQUEST TO ENSURE TIMELY SUPPORT DURING CRITICAL MOMENTS.(CONTINUTED ON SCHEDULE O)IN 2025, THE ORGANIZATION FULFILLED 447 ESSENTIAL BAG ORDERS, SERVING YOUTH AGES 7-23 ACROSS MULTNOMAH, WASHINGTON, AND CLACKAMAS COUNTIES. THESE BAGS SUPPORTED YOUTH DURING FIRST PLACEMENTS (41.7%), PLACEMENT MOVES (23.8%), AND EXITS FROM CARE (12.1%) AS WELL AS 22.4% "OTHER" - LIFE SKILLS PROGRAM PARTICIPANTS AND SPECIAL CASES HELPING MEET IMMEDIATE BASIC NEEDS WHILE ALSO PROMOTING CONFIDENCE, DIGNITY, AND A SENSE OF BELONGING DURING TRAUMATIC TRANSITIONS.Expenses $763,722 · grants $135,600
- HOLIDAY DRIVE PROGRAMTHE HOLIDAY DRIVE PROGRAM PROVIDES PERSONALIZED HOLIDAY GIFT BAGS TO YOUTH EXPERIENCING FOSTER CARE, WITH A FOCUS ON OLDER YOUTH AND TEENS WHO ARE OFTEN UNDERSERVED DURING THE HOLIDAY SEASON. EACH GIFT BAG IS CUSTOMIZED BASED ON INDIVIDUAL PREFERENCES, ENSURING THAT YOUTH RECEIVE ITEMS THAT ARE MEANINGFUL, RELEVANT, AND REFLECTIVE OF THEIR IDENTITY.IN 2025, THE ORGANIZATION DISTRIBUTED APPROXIMATELY 600 CUSTOM HOLIDAY GIFT BAGS TO YOUTH ACROSS MULTNOMAH, WASHINGTON, AND CLACKAMAS COUNTIES. (CONTINUTED ON SCHEDULE O)THIS PROGRAM HELPS ENSURE THAT TEENAGERS WHO ARE EXPERIENCING FOSTER CARE FEEL SEEN, VALUED, AND INCLUDED DURING THE HOLIDAY SEASON, WHILE ALSO ADDRESSING BASIC NEEDS AND PROVIDING MOMENTS OF JOY AND CONNECTION DURING AN OFTEN CHALLENGING TIME OF YEAR.Expenses $154,364 · grants $150,000
- LIFE SKILLS PROGRAMTHE LIFE SKILLS PROGRAM PROVIDES STRUCTURED, COHORT-BASED WORKFORCE READINESS AND INDEPENDENT LIVING SKILLS TRAINING FOR YOUTH TRANSITIONING OUT OF FOSTER CARE. THE PROGRAM INCLUDES WEEKLY SESSIONS FOCUSED ON FINANCIAL LITERACY, EMPLOYMENT READINESS, EDUCATION PATHWAYS, AND SOCIAL-EMOTIONAL SKILL BUILDING, ALONG WITH INDIVIDUALIZED COACHING AND ONGOING ALUMNI SUPPORT.IN 2025, 45 YOUTH GRADUATED FROM THE PROGRAM, WITH 103 ALUMNI ACTIVELY ENGAGED IN CONTINUED SUPPORT SERVICES. (CONTINUTED ON SCHEDULE O)PARTICIPANTS ALSO RECEIVED OVER 62 HOURS OF ADDITIONAL WRAPAROUND SUPPORT BEYOND SCHEDULED SESSIONS, INCLUDING ONE-ON-ONE COACHING, RESOURCE NAVIGATION, AND BARRIER REMOVAL ASSISTANCE. THE PROGRAM EQUIPS YOUTH WITH PRACTICAL SKILLS, INCREASED CONFIDENCE, AND LONG-TERM SUPPORT SYSTEMS TO SUCCESSFULLY TRANSITION INTO INDEPENDENT ADULTHOOD.Expenses $9,734
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 | 990 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
- 83-4515483
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P32)
- Assets (IRS master file)
- $473,571
- Income (IRS master file)
- $1,178,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,132,240 | $1,133,059 | $473,571 | XML |
| 990 | December 2024 | $631,381 | $591,552 | $135,608 | XML |
| 990 | December 2023 | $569,150 | $540,230 | $115,344 | XML |
| 990-EZ | December 2023 | $0 | $0 | $0 | XML |
| 990 | December 2022 | $397,870 | $353,737 | $66,206 | XML |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | 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 83-4515483).
Questions about PROJECT 48 INC
- What is the EIN of PROJECT 48 INC?
- The employer identification number (EIN) of PROJECT 48 INC is 83-4515483.
- Is PROJECT 48 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to PROJECT 48 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT 48 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 48 INC 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 PROJECT 48 INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PROJECT 48 INC?
- The 990 for the year ended December 31, 2025 names PAUL POLSIN.
- Who are the officers and directors of PROJECT 48 INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $94,332 (BRANDY MEMORY, EXECUTIVE DIRECTOR).
- How much revenue does PROJECT 48 INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,132,240, expenses of $1,133,059 and total assets of $473,571 at year end.
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