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Project Echo

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954580212 ✦ Santa monica, CA ✦ Designated as a 501(c)(3)

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Overview

What is Project Echo?

Project Echo is a nonprofit organization, headquartered in Santa Monica, California, dedicated to empowering students with entrepreneurial and leadership skills. Through its initiatives, Project Echo engages high school and middle school students from various schools, providing them with a classroom-based introduction to entrepreneurship. The culmination of this program features vibrant and virtual capstone events, where high school students present their business plans and pitch decks, and middle school students showcase their presentation decks to panels of judges. Winning teams are awarded medal lanyards. Project Echo generally shares half of the actual cost of participation with public schools, funding the remaining amount to ensure all schools can participate. The organization's mission is to equip students with essential skills, enabling them to thrive in college, their careers, and their community as change-makers. Project Echo's team comprises a small group of 4 dedicated individuals.


Official website here: www.projectecho.org

Is Project Echo legitimate?

Project Echo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Echo 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: $60,363
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,778

For more financial information, click here


Official website here: www.projectecho.org

What is the mission statement of Project Echo?

Project Echo's mission is centered around empowering students by imparting entrepreneurial and leadership skills. This empowerment aims to equip students to excel in their academic pursuits, careers, and community roles as change-makers. The program, known as Project E.C.H.O., conducts classroom-based sessions on entrepreneurship, culminating in vibrant and virtual capstone events. High school students develop business plans and pitch decks for competitions, while middle school students create presentation decks and present their ideas to judges virtually. The winning teams are honored with medal lanyards. Project Echo typically charges public schools 50% of the participation cost, raising the remaining funds to ensure schools can participate, without charging students.


Official website here: www.projectecho.org

Who is the CEO of Project Echo?

Diane Quast is the Director of Project Echo.


Official website here: www.projectecho.org

What is the revenue of Project Echo?

Project Echo's revenue in 2022 was $242,015.


Official website here: www.projectecho.org

Who are the executives of Project Echo and what are their salaries?

The average compensation at Project Echo during 2022 was $41,035. There are 4 employees and 350 volunteers at Project Echo.


Here are 8 key members and their salaries:


Chip Goodman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Miles Warren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Fox (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Tokofsky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Fennel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Kravitz (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Per Sjofors (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diane Quast (Executive Director)
  • Compensation: $60,363
  • Related: $0
  • Other: $0


Official website here: www.projectecho.org

Where can I find the form 990 for Project Echo?

Project Echo's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.projectecho.org

Learn more at the official website: www.projectecho.org

Mission Statement of Project Echo

Project Echo, an organization dedicated to empowerment, aims to equip students with essential entrepreneurial and leadership skills. Its mission is to enable students to excel in their academic journeys, careers, and community endeavors as change-makers. By offering a comprehensive introduction to entrepreneurship, Project Echo encourages high school teens from various schools to develop business plans and pitch decks, preparing them for competitions. Middle school students, in turn, are encouraged to create presentation decks and present their ideas to panels of judges, fostering their confidence and public speaking skills. Project Echo's initiatives are designed to charge public schools 50% of the actual cost to participate, with the organization raising the remaining funds to ensure accessibility for all schools, ensuring that students do not bear the financial burden.

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Impact




October, 2024

Project Echo has significantly impacted the educational landscape by empowering students with essential business and management skills. By launching programs that included 162 high school students from 61 different high schools and 285 middle school students from 15 different middle schools, Project Echo provides a comprehensive introduction to entrepreneurship. This initiative culminates in vibrant and engaging capstone events, where students present their innovative ideas and business concepts.

High school participants develop written business plans and pitch decks to prepare for a competitive environment, fostering critical thinking and public speaking skills. Meanwhile, middle school students create presentation decks and pitch their ideas virtually, enhancing their confidence and communication abilities. The rewarding experience is complemented by the recognition of winning teams with medal lanyards, further motivating students to excel.

Through this initiative, which relies heavily on volunteer and mentor support with over 600 hours logged, Project Echo significantly reduces participation costs for public schools, demonstrating its commitment to accessibility in education. By charging only 50% of the actual program costs, it ensures that students are not financially burdened, allowing diverse groups to benefit from its offerings. This approach not only equips students with vital entrepreneurial and leadership skills but also cultivates a generation of change-makers ready to thrive in college, careers, and their communities.




This information is meant to be a general summary of Project Echo. 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.

Revenue
$242,015 (2022)
Expenses
$215,039 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $188,733
  • Gross Receipts: $242,015

Assets and Liabilities:

  • Total Assets: $392,621
  • Total Liabilities: $0
  • Net Assets: $392,621

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ENTREPRENEURSHIP PRGMS

Revenue

$188,733

Organization Details

Founding Year

1996

Principal Officer

Diane Quast

Main Address

PO BOX 2410, SANTA MONICA, CA, 90407

NTEE Category

Code: B90 - Education

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