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Nonprofit · EIN 85-2737934

PROJECT 68 EDUCATION FUND INC

Tax-exempt · MIAMI, FL 33125

Financials

$507K$315K2023$736K$859K2024
Revenue Expenses · by fiscal year end
Financials of PROJECT 68 EDUCATION FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$735,950$858,759-$122,809$38,840$0$38,840
December 31, 2023990$507,400$314,522$192,878$230,951$300$230,651
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$735,950
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$211,850
Other salaries and wages
$581,755
Salaries, compensation and benefits (total)
$793,605
Professional fundraising fees
$0
Legal fees
$8,687
Travel
$44,668
Program services (functional)
$257,628
Management and general (functional)
$601,131

Balance sheet and other

Total assets, start of year
$230,951
Total assets, end of year
$38,840
Total liabilities, end of year
$0
Net assets, end of year
$38,840
Gross receipts
$735,950
Employees
0
Volunteers
1
Year formed
2020
State of legal domicile
FL

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.

NameTitleHours / weekCompensation
DARRYL BANKSExecutive Dir.
Trustee or director, Officer
20$144,285
MELISSA LOPEZDirector
Trustee or director, Officer
25$61,875
JIMMY TANSecretary
Trustee or director, Officer
20$5,690
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
MELISSA LOPEZPROGRAM DIRECTOR
Trustee or director, Officer
25$33,350
JIMMY TANSECRETARY
Trustee or director, Officer
20$3,400
DARRYL BANKSPRESIDENT AND TREASURER
Trustee or director, Officer
20$0

Address and contacts

Address (IRS master file)
1861 NW SOUTH RIVER DR UNIT 1705, MIAMI, FL 33125-2735
Principal officer (990 for 2024)
DARRYL BANKS, 1861 NW SOUTH RIVER DRIVE 1705, MIAMI, FL 33125
Signed the 990
DARRYL BANKS, Executive Director
Phone
(301) 642-2016
Return prepared by
Taxceed

Mission

PROJECT 68 CONNECTS STATE-BASED ORGANIZATIONS WITH ATHLETE AND ARTIST-LED INITIATIVES TO ENHANCE MOBILIZATION AND CIVIC PARTICIPATION IN BLACK AND UNDERSERVED COMMUNITIES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PROGRAM EXPENSES RANGE FROM COVERING COST OF PRODUCTION AND AMPLIFYING VOTER EDUCATIONAL CONTENT THAT FEATURED ATHLETES AND ARTISTS TO COVERING THE OPERATING AND LEGAL COSTS OF THE ORGANIZATION.
    Expenses $257,628

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-2737934
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$38,840
Income (IRS master file)
$735,950

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$735,950$858,759$38,840IRS
990December 2023$507,400$314,522$230,951XML
990December 2022$430,000$394,868$38,073IRS
990December 2021–––IRS
990December 2020$1,037,000$1,011,022$25,978IRS

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 85-2737934).

Questions about PROJECT 68 EDUCATION FUND INC

What is the EIN of PROJECT 68 EDUCATION FUND INC?
The employer identification number (EIN) of PROJECT 68 EDUCATION FUND INC is 85-2737934.
Is PROJECT 68 EDUCATION FUND INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to PROJECT 68 EDUCATION FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROJECT 68 EDUCATION FUND 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 68 EDUCATION FUND 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 68 EDUCATION FUND 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 68 EDUCATION FUND INC?
The 990 for the year ended December 31, 2024 names DARRYL BANKS.
Who are the officers and directors of PROJECT 68 EDUCATION FUND INC?
The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $144,285 (DARRYL BANKS, Executive Dir.).
How much revenue does PROJECT 68 EDUCATION FUND INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $735,950, expenses of $858,759 and total assets of $38,840 at year end.

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