Nonprofit · EIN 86-0947960
PROJECT AMERICA DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · PHOENIX, AZ 85040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990-PF | -$72,800 | $646,079 | -$718,879 | $4,582,403 | $2,216,524 | $2,365,879 |
| June 30, 2023 | 990-PF | $759,920 | $610,738 | $149,182 | $5,320,533 | $2,240,326 | $3,080,207 |
Financial details: 990-PF for the year ended June 30, 2024
Revenue
- Net gain from sales of assets
- -$782,800
- Other income
- $710,000
Expenses
- Grants and similar amounts paid
- $447,071
- Compensation of officers, directors and key employees
- $30,667
- Salaries, compensation and benefits (total)
- $53,358
- Disbursements for charitable purposes
- $587,170
- Excise tax on investment income
- $9,463
Balance sheet and other
- Total assets, start of year
- $5,320,533
- Total assets, end of year
- $4,582,403
- Total liabilities, end of year
- $2,216,524
- Net assets, end of year
- $2,365,879
- Fair market value of assets
- $4,780,572
- Qualifying distributions
- $587,170
- Net investment income
- $710,000
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-PF for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rosemary Cardenas 5025 S Central Ave, Phoenix, AZ 85040 | President & CEO | 40 | $30,667 |
| Izalco Ruiz 5025 S Central Ave, Phoenix, AZ 85040 | Chairman | 10 | $0 |
| Israel Diaz 5025 S Central Ave, Phoenix, AZ 85040 | Secretary | 10 | $0 |
| Rebecca Ruiz 5025 S Central Ave, Phoenix, AZ 85040 | Director | 10 | $0 |
| Monica Ruiz 5025 S Central Ave, Phoenix, AZ 85040 | Director | 10 | $0 |
| Jorge Sandoval 5025 S Central Ave, Phoenix, AZ 85040 | Director | 10 | $0 |
990-PF for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rosemary Cardenas 5025 S Central Ave, Phoenix, AZ 85040 | President & CEO | 40 | $32,000 |
| Izalco Ruiz 5025 S Central Ave, Phoenix, AZ 85040 | Chairman | 10 | $0 |
| Israel Diaz 5025 S Central Ave, Phoenix, AZ 85040 | Secretary | 10 | $0 |
| Rebecca Ruiz 5025 S Central Ave, Phoenix, AZ 85040 | Director | 10 | $0 |
| Monica Ruiz 5025 S Central Ave, Phoenix, AZ 85040 | Director | 10 | $0 |
| Jorge Sandoval 5025 S Central Ave, Phoenix, AZ 85040 | Director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 5025 S CENTRAL AVE, PHOENIX, AZ 85040-2154
- Signed the 990-PF
- Fernando Ruiz, CEO
- Phone
- (602) 281-6276
- Return prepared by
- Upkeepe
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 | 990-PF on file |
IRS record
- EIN
- 86-0947960
- 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
- 2025
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $4,582,403
- Income (IRS master file)
- $710,000
Revocation and reinstatement
- Exemption revoked
- November 15, 2020
- Posted by the IRS
- April 19, 2022
- Reinstated
- Effective November 15, 2020
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2024 | -$72,800 | $646,079 | $4,582,403 | IRS |
| 990-PF | June 2023 | $759,920 | $610,738 | $5,320,533 | XML |
| 990-PF | June 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 86-0947960).
Questions about PROJECT AMERICA DEVELOPMENT CORPORATION
- What is the EIN of PROJECT AMERICA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PROJECT AMERICA DEVELOPMENT CORPORATION is 86-0947960.
- Is PROJECT AMERICA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2020 and reinstated it effective November 15, 2020.
- Are donations to PROJECT AMERICA DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT AMERICA DEVELOPMENT CORPORATION 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 AMERICA DEVELOPMENT CORPORATION 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 AMERICA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2024.
- Who are the officers and directors of PROJECT AMERICA DEVELOPMENT CORPORATION?
- The 990-PF for the year ended June 30, 2024 lists 6 people; 1 received compensation from the organization, the highest $30,667 (Rosemary Cardenas, President & CEO).
- How much revenue does PROJECT AMERICA DEVELOPMENT CORPORATION have?
- On its 990-PF for the year ended June 30, 2024 it reported revenue of -$72,800, expenses of $646,079 and total assets of $4,582,403 at year end.
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