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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
2023-06-01
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; The Lexington Educational Association
Total revenues
$73,581
2023
Total expenses
$145,228
2023
Total assets
$480,486
2023
Num. employees
0
2023

Program areas at Project Potential

The organization provides scholarships to students who graduate from Lexington Senior High School
The organization provides mentoring for current students in the program by taking them on college visits helping them with college applications and testing as well as providing academic counseling.

Who funds Project Potential

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United Way of Davidson CountyProvide Scholarships, Guidance, and Mentoring To Students From Lexington City Schools$14,494
Eddie and Jo Allison Smith Family FoundationYouth Services Support Including Scholarships$8,500
Dacotah FoundationEducation$5,500
...and 1 more grant received

Personnel at Project Potential

NameTitleCompensation
Anna HayesExecutive Director$45,000
Sally DoddTreasurer$0
Rosa TerrySecretary / Member$0
Corey BuggsVice President$0
Rebecca SullivanPresident$0
...and 1 more key personnel

Financials for Project Potential

RevenuesFYE 06/2023
Total grants, contributions, etc.$60,151
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$13,430
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$73,581

Form 990s for Project Potential

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-27990View PDF
2022-062023-05-03990View PDF
2021-062022-05-17990View PDF
2020-062021-05-26990View PDF
2019-062021-01-27990View PDF
...and 10 more Form 990s
Data update history
July 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 19, 2024
Received grants
Identified 2 new grant, including a grant for $13,292 from United Way of Davidson County
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
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
Nonprofit Types
SchoolsEducational service providersCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelProvides scholarshipsGala fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 1823
Lexington, NC 27292
Metro area
Winston-Salem, NC
County
Davidson County, NC
Website URL
projectpotential.net/ 
Phone
(336) 249-0874
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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