Nonprofit · EIN 85-3716648
PROJECT SANKOFA INC
Tax-exempt · LOS ANGELES, CA 90019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $497,251 | $518,097 | -$20,846 | $81,029 | $110,109 | -$29,080 |
| December 31, 2023 | 990 | $368,291 | $327,332 | $40,959 | $41,010 | $0 | $41,010 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $497,249
- of which government grants
- $198,317
- Program service revenue
- $0
- Investment income
- $2
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $128,565
- Salaries, compensation and benefits (total)
- $128,565
- Professional fundraising fees
- $0
- Accounting fees
- $8,043
- Travel
- $13,490
- Program services (functional)
- $239,002
- Management and general (functional)
- $277,996
- Fundraising (functional)
- $1,099
Balance sheet and other
- Total assets, start of year
- $41,010
- Total assets, end of year
- $81,029
- Total liabilities, end of year
- $110,109
- Net assets, end of year
- -$29,080
- Net assets without donor restrictions
- -$29,080
- Gross receipts
- $497,251
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- CA
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 |
|---|---|---|---|
| Dr Maisha Beasley | Executive Dir. Trustee or director, Officer | 40 | $128,565 |
| Valissa Thomas | Secretary Trustee or director | 5 | $0 |
| Jade Wheaton | CFO Trustee or director | 5 | $0 |
| Ashley Carter | Vice President Trustee or director | 5 | $0 |
| Tyrone Cutkelvin | Operations Dir Trustee or director | 35 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr Maisha Beasley | President Trustee or director, Officer | 15 | $0 |
Address and contacts
- Address (IRS master file)
- 4858 W PICO BLVD 316, LOS ANGELES, CA 90019-4225
- Principal officer (990 for 2024)
- Maisha Beasley
- Signed the 990
- Maisha Beasley, President
- Phone
- (925) 518-4850
- Website
- projectsankofa.org
- Return prepared by
- Moore Business Management Group Inc
California records
California keeps its own records of charities and corporations. Search them by EIN 85-3716648 or by the name PROJECT SANKOFA INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To challenge racial inequities and advance deeper understanding by building an inclusive workplace culture that lead to equitable outcomes.
Program accomplishments
- Care First Community Investment (CFCI)- In support of the Los Angeles County Board of Supervisors commitment to reinvest locally generated unrestricted revenues into communities and alternatives to incarceration, the organization expanded access to education for justice-impacted individuals.Expenses $119,756 · revenue $198,317
- Facilitated workshops, retreats, and small group support to create various entry points into conversations about racism.Expenses $119,246
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 | Not 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
- 85-3716648
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $81,029
- Income (IRS master file)
- $497,251
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $497,251 | $518,097 | $81,029 | XML |
| 990 | December 2023 | $368,291 | $327,332 | $41,010 | XML |
| 990-EZ | December 2022 | – | – | – | 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 85-3716648).
Questions about PROJECT SANKOFA INC
- What is the EIN of PROJECT SANKOFA INC?
- The employer identification number (EIN) of PROJECT SANKOFA INC is 85-3716648.
- Is PROJECT SANKOFA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PROJECT SANKOFA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT SANKOFA 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 SANKOFA 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 SANKOFA 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 SANKOFA INC?
- The 990 for the year ended December 31, 2024 names Maisha Beasley.
- Who are the officers and directors of PROJECT SANKOFA INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $128,565 (Dr Maisha Beasley, Executive Dir.).
- How much revenue does PROJECT SANKOFA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $497,251, expenses of $518,097 and total assets of $81,029 at year end.
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