Nonprofit · EIN 27-4203557
PROJECT 40 31 INC
Also known as PROJECT 40 31
Tax-exempt · HOBBS, NM 88241
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $745,319 | $768,010 | -$22,691 | $40,707 | $0 | $40,707 |
| December 31, 2023 | 990 | $801,225 | $771,010 | $30,215 | $63,397 | $0 | $63,397 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $545,306
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $200,013
- Other revenue
- $200,013
Expenses
- Grants and similar amounts paid
- $740,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $21,000
- Program services (functional)
- $740,000
- Management and general (functional)
- $28,010
Balance sheet and other
- Total assets, start of year
- $63,397
- Total assets, end of year
- $40,707
- Total liabilities, end of year
- $0
- Net assets, end of year
- $40,707
- Net assets without donor restrictions
- $40,707
- Gross receipts
- $804,635
- Employees
- 0
- Volunteers
- 27
- Year formed
- 2010
- State of legal domicile
- NM
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 |
|---|---|---|---|
| BRIDGETTE CURTIS | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT CURTIS | BOARD MEMBER Trustee or director | 1 | $0 |
| CLAY GOODWIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JUSTIN ROBERTS | PRESIDENT Officer | 1 | $0 |
| MELISSA SOTO | SECRETARY Officer | 1 | $0 |
| HAYDEN HOLUB | VICE PRESIDENT Officer | 1 | $0 |
| TABATHA COFFEY | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIDGETTE CURTIS | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT CURTIS | BOARD MEMBER Trustee or director | 1 | $0 |
| CLAY GOODWIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JUSTIN ROBERTS | PRESIDENT Officer | 1 | $0 |
| MELISSA SOTO | SECRETARY Officer | 1 | $0 |
| HAYDEN HOLUB | VICE PRESIDENT Officer | 1 | $0 |
| TABATHA COFFEY | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5630, HOBBS, NM 88241-5630
- In care of
- % TABATHA COFFEY
- Principal officer (990 for 2024)
- TABATHA COFFEY, PO BOX 5630, HOBBS, NM 88241
- Signed the 990
- TABATHA COFFEY, TREASURER
- Phone
- (575) 631-8270
- Return prepared by
- CRI ADVISORS LLC
Mission
PROJECT 40:31, INC. RAISES FUNDS FROM AN ANNUAL GOLF TOURNAMENT AND CHARITY AUCTION. ALL NET PROCEEDS ARE DISTRIBUTED TO IRS APPROVED NON-PROFIT ENTITIES, SUCH AS MAKE A WISH, BOYS AND GIRLS CLUB, PALMER DRUG ABUSE, AND HABITAT FOR HUMANITY. THESE ENTITIES SERVE THE TERMINALLY ILL, UNDERSERVED CHILDREN, DRUG DEPENDENT, AND HOMELESS. BOARD MEMBERS, VOLUNTEERS, AND OTHERS RECEIVE NO COMPENSATION-REIMBURSEMENT.
Program accomplishments
- THE ORGANIZATION HELD AN ANNUAL GOLF TOURNAMENT TO RAISE FUNDS FOR THE MAKE A WISH FOUNDATION, HABITAT FOR HUMANITY, PALMER DRUG ABUSE, LOVINGTON MUNICIPAL SCHOOLS, LOVINGTON FOOD COALITION, LIGHT OF LEA COUNTY, HEARTS DESIRE, UNITY RECOVERY SOLUTIONS, BOYS AND GIRLS CLUB, AND OTHER IRS APPROVED NON-PROFIT ORGANIZATIONS.Expenses $740,000 · grants $740,000 · revenue $820,366
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 27-4203557
- 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
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P60)
- Assets (IRS master file)
- $40,707
- Income (IRS master file)
- $804,635
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $745,319 | $768,010 | $40,707 | XML |
| 990 | December 2023 | $801,225 | $771,010 | $63,397 | XML |
| 990 | June 2023 | $614,775 | $589,088 | $91,218 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 27-4203557).
Questions about PROJECT 40 31 INC
- What is the EIN of PROJECT 40 31 INC?
- The employer identification number (EIN) of PROJECT 40 31 INC is 27-4203557.
- Is PROJECT 40 31 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to PROJECT 40 31 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT 40 31 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 40 31 INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROJECT 40 31 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 40 31 INC?
- The 990 for the year ended December 31, 2024 names TABATHA COFFEY.
- Who are the officers and directors of PROJECT 40 31 INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does PROJECT 40 31 INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $745,319, expenses of $768,010 and total assets of $40,707 at year end.
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