Overview
What is Project42?
Project42 is a nonprofit organization based in St. Paul, Minnesota. The primary focus of Project42 is to support strategic missionary partners who aim to expand the reach of Christianity in underserved regions. They invest in various initiatives, such as translating scriptures into unreached languages, planting churches, providing business capital for local enterprises, and offering aid to those in need. Project42's sponsors cover all fundraising event expenses, which allows the organization to allocate its resources effectively towards its mission. The mission of Project42 is to raise awareness and collect resources for the 42% of the global population that currently lacks access to the Gospel of Jesus Christ. With a team of five dedicated individuals, Project42 works diligently to promote and support communities on the frontlines of the unreached.
Official website here: www.project42partners.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 85%, Three-Star out of Four Star rating.
Project42 has received an overall score of 85%, indicating a solid performance in terms of accountability and finance. This rating reflects a strong emphasis on transparency and responsible financial management, with a significant percentage of its board members being independent. Additionally, the organization maintains a commendable program expense ratio of 81.76%, demonstrating its commitment to channeling funds primarily towards its programs rather than overhead costs.
Despite its strengths, Project42 does have some areas for improvement, particularly regarding governance policies. The organization lacks several important policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy. These omissions may raise concerns about the robustness of the governance framework and the potential for safeguarding against conflicts or mismanagement in the future.
Overall, while Project42 showcases effective financial practices and a dedicated independent board, enhancing its governance policies could further bolster its accountability and enhance donor confidence. The current rating suggests that the nonprofit is on the right track but should focus on these governance aspects to improve its overall standing.
This AI summary has been generated from information found on Charity Navigator.
Is Project42 legitimate?
Project42 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project42 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: $199,822
For more financial information, click here
Official website here: www.project42partners.org
What is the mission statement of Project42?
Project42's mission is centered around raising awareness and mobilizing resources for the 42% of the global population who currently lack access to the teachings of Christianity, specifically the Gospel of Jesus Christ. The organization strategically invests in missionary partners to increase the number of missionaries reaching the unreached, translates scriptures into underrepresented languages, plants churches in areas without any, supports businesses among the unreached, and provides aid to those in need. All fundraising event expenses are covered by generous sponsors who share Project42's vision. The organization believes that this cause deserves exceptional efforts and reflects this commitment through the level of excellence in its fundraising initiatives.
Official website here: www.project42partners.org
Who is the CEO of Project42?
Justin Mack is the Chairman of Project42.
Official website here: www.project42partners.org
What is the revenue of Project42?
Project42's revenue in 2022 was $2,386,632.
Official website here: www.project42partners.org
Who are the executives of Project42 and what are their salaries?
The average compensation at Project42 during 2022 was $39,964. There are 5 employees and 19 volunteers at Project42.
Here are 4 key members and their salaries:
- Compensation: $61,464
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.project42partners.org
Where can I find the form 990 for Project42?
Project42's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.project42partners.org
Learn more at the official website: www.project42partners.org
Mission Statement of Project42
Project42, a nonprofit organization, is committed to raising awareness and providing resources for the 42% of the global population who currently have limited or no access to the Gospel of Jesus Christ. The mission of Project42 is twofold: firstly, it aims to support strategic missionary partners in expanding their outreach, thereby mobilizing more missionaries to reach the unreachable. Secondly, Project42 invests in translating scriptures into languages that are yet to have their own scriptures, planting churches where they are currently absent, and offering business capital to establish enterprises among the unreachable population. Moreover, Project42 extends its efforts to care for the needs of the underprivileged and raises awareness about the challenges and realities faced by the unreachable. Notably, Project42's fundraising expenses are covered by a group of generous sponsors who share its vision and mission, ensuring that the organization can channel its full resources towards its noble cause.
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Impact
July, 2024
Project42's impact can be seen in the significant progress made towards providing access to the Gospel of Christ for the 42% of the world that currently lacks it. Through carefully evaluating and investing in strategic missionary partners, Project42 has successfully mobilized more missionaries to the unreached, translated scriptures into languages that have never had them before, and planted churches in areas where there were none. Additionally, they have provided much-needed business capital to start businesses among the unreached populations, and have also contributed towards caring for those in need.
By raising awareness about the challenges faced by the unreached communities and actively working to address them, Project42 is making a meaningful difference in bridging the gap in access to the Gospel. Their focus on excellence and intentionality in fundraising efforts, along with the support of generous sponsors who share their vision, underscores the commitment to this important mission.
This information is meant to be a general summary of Project42. 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.
- Investment Income: $144
- Gross Receipts: $2,386,632
Assets and Liabilities:
- Total Assets: $858,079
- Total Liabilities: $89,247
- Net Assets: $768,832
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Organization Details
Founding Year
2019
Phone
(612) 418-1392Principal Officer
Justin Mack
Main Address
PO BOX 22126, ST PAUL, MN, 55122
Website
www.project42partners.orgNTEE Category
Code: X20 - Religion related
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