Overview
What is Project Destined Inc?
Project Destined Inc is a 501(c)3 nonprofit organization situated in Washington, D.C. Their primary mission revolves around administering a real estate-based education program aimed at promoting financial literacy, leadership development, and access to mentorship opportunities. By engaging in various modules, Project Destined scholars gain in-depth exposure to the real estate investment cycle. They interact with industry professionals, analyze real estate opportunities, and even invest real capital into local projects within their communities. The ultimate goal is to cultivate leaders and entrepreneurs, equipping them with financial scholarships and awards.
Official website here: www.projectdestined.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Project Destined Inc received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in their accountability and financial practices. While they scored well in impact and measurement, their overall score of 73% reflects challenges in financial transparency and governance, particularly with the lack of independent board size and the absence of critical policies such as conflict of interest and whistleblower protections.
Strengths of the organization include a perfect score in culture and community, showcasing a strong commitment to building relationships and fostering engagement. The leadership and adaptability scores also reflect effective management practices and strategic direction. Additionally, the organization excels in gathering and utilizing feedback, which may help them address areas needing improvement.
However, the financial aspects raise concerns, particularly the program expense ratio and fundraising efficiency, which scored significantly lower. The lack of accessible financial statements and the presence of loans to/from officers indicate potential risks in financial governance. Addressing these weaknesses will be essential for enhancing their overall nonprofit effectiveness and building trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Project Destined Inc legitimate?
Project Destined Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Destined Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.projectdestined.com
What is the mission statement of Project Destined Inc?
Project Destined Inc, a 501(c)3 not-for-profit organization, aims to educate urban youth through a real estate-based program. This initiative fosters financial literacy, leadership development, and provides access to mentorship opportunities. By participating in various modules, Project Destined Scholars gain insights into the real estate investment cycle, interact with industry professionals, and analyze real estate opportunities within their communities. The mission of Project Destined Inc is to train scholars in leadership and entrepreneurship, fostering direct engagement with local companies and executives. Ultimately, the program turns participants into stakeholders in real estate, offering them financial scholarships and awards.
Official website here: www.projectdestined.com
Who is the CEO of Project Destined Inc?
Cedric Bobo is the Founder of Project Destined Inc.
Official website here: www.projectdestined.com
What is the revenue of Project Destined Inc?
Project Destined Inc's revenue in 2022 was $3,330,232.
Official website here: www.projectdestined.com
Who are the executives of Project Destined Inc and what are their salaries?
There 400 volunteers at Project Destined Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.projectdestined.com
Where can I find the form 990 for Project Destined Inc?
Project Destined Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.projectdestined.com
Learn more at the official website: www.projectdestined.com
Mission Statement of Project Destined Inc
Project Destined Inc, a 501(c)3 not-for-profit corporation, aims to empower urban youth by administering a real estate-based education program. The organization's mission is threefold: to promote financial literacy, foster leadership development, and provide access to mentorship opportunities. By engaging in various modules, Project Destined Scholars gain exposure to all aspects of the real estate investment lifecycle. They interact with industry professionals, analyze real estate opportunities, and invest real capital into properties within their communities.
The core objective of Project Destined Inc is to train its scholars in leadership and entrepreneurship. This is achieved through the evaluation of "live" real estate investments within their local community. By doing so, the program creates and cultivates networking opportunities, enabling scholars to engage directly with local companies and executives. The ultimate goal is to transform participants into stakeholders in real estate, providing them with financial scholarships or awards. This holistic approach equips urban youth with the necessary skills and resources to become active contributors in their communities.
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Impact
July, 2024
Project Destined Inc's impact is significant in empowering urban youth with financial literacy, leadership development, and access to mentorship opportunities. By providing real estate-based education programs, Project Destined helps participants gain exposure to the entire real estate investment life cycle, interact with industry professionals, analyze real estate opportunities, and invest capital in their communities. Through this hands-on approach, Project Destined fosters competitiveness among urban youth and equips them with valuable skills that can lead to future success in leadership and entrepreneurship.
This information is meant to be a general summary of Project Destined Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $12,319
- Gross Receipts: $3,330,232
Assets and Liabilities:
- Total Assets: $235,225
- Total Liabilities: $0
- Net Assets: $235,225
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM REVENUE
Revenue
$12,319
Organization Details
Founding Year
2017
Phone
(202) 294-8643Principal Officer
Cedric Bobo
Main Address
1623 S STREET NW, WASHINGTON, DC, 20009
Website
www.projectdestined.comNTEE Category
Code: B80 - Education
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