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EIN 56-1532574

Project Potential

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Lexington
State
North Carolina
Year formed
1994
Most recent tax filings
2022-06-01
NTEE code, primary
B90: Educational Services
Description
Project Potential provides college admissions guidance and mentoring for students in Lexington City Schools. The organization mentors current students by arranging college visits, assisting with college applications and testing, and offering academic counseling. Additionally, the program awards scholarships to graduating students from Lexington City Schools.
Also known as...
The Lexington Education Association
Total revenues
$111,132
2022
Total expenses
$147,610
2022
Total assets
$493,959
2022
Num. employees
0
2022

Program areas at Project Potential

The organization provides scholarships to students who graduate from Lexington City Schools.
The organization mentors current students in the program by taking them on college visits helping with college applications and testing as well as providing academic counseling.

Who funds Project Potential

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Eddie and Jo Allison Smith Family FoundationAfterschool and Summer Support$23,500
United Way of Davidson CountyProvide Scholarships, Guidance, and Mentoring To Students From Lexington City Schools$12,935
Dacotah FoundationEducation$5,500
...and 1 more grant received

Personnel at Project Potential

NameTitleCompensation
Anna HayesExecutive Director$50,000
Sally DoddTreasurer$0
Rosa TerrySecretary$0
Corey BuggsVice President$0
Rebecca SullivanPresident$0
...and 1 more key personnel

Financials for Project Potential

RevenuesFYE 06/2022
Total grants, contributions, etc.$96,949
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$14,183
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$111,132

Form 990s for Project Potential

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-03990View PDF
2020-062021-05-26990View PDF
2019-062021-01-27990View PDF
2018-062019-07-23990View PDF
2017-062018-11-15990View PDF
...and 8 more Form 990s
Data update history
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 9, 2023
Received grants
Identified 2 new grant, including a grant for $33,500 from Eddie and Jo Allison Smith Family Foundation
March 30, 2022
Received grants
Identified 1 new grant, including a grant for $9,863 from United Way of Davidson County
September 28, 2021
Received grants
Identified 1 new grant, including a grant for $1,000 from Philpott Foundation
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
SchoolsEducational service providersCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelProvides scholarshipsGala fundraisersTax deductible donationsNo full-time employees
General information
Address
PO Box 1823
Lexington, NC 27292
Metro area
Winston-Salem, NC
County
Davidson County, NC
Website URL
projectpotential.net/ 
Phone
(336) 249-6557
IRS details
EIN
56-1532574
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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