2023-11-15T16:59:38-06:00 2022-12-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2022-01-01 813858986 PROJECT DESTINED INC PROJ 2022948643 1623 S STREET NW WASHINGTON DC 20009 CEDRIC BOBO FOUNDER 2022948643 2023-11-15 1 CEDRIC BOBO 999009999 1 RICHARD L WEBB CPA P00362093 9016834234 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CEDRIC BOBO 1623 S STREET NW WASHINGTON DC 20009 3330232 0 X PROJECTDESTINED.COM X 2017 DC PROJECT DESTINED IS 501(C)3 NOT-FOR-PROFIT CORPORATION THAT ADMINISTERS A REAL ESTATE BASEDAPPLIED YOUTH EDUCATION PROGRAM DESIGNED TO PROMOTE FINANCIAL LITERACY, LEADERSHIP DEVELOPMENT AND ACCESS TO MENTORSHIP OPPORTUNITIES YIELDING INCREASED COMPETITIVENESS FOR URBAN YOUTH. ACROSS MULTIPLE MODULES, PROJECT DESTINED SCHOLARS GAIN EXPOSURE TO ALL ASPECTS OF THE REAL ESTATE INVESTMENT LIFE CYCLE WHILE GAINING EXPOSURE TO REAL INDUSTRY PROFESSIONALS, ANALYZING REAL ESTATE OPPORTUNITIES AND HELPING TO INVEST REAL CAPITAL INTO REAL ESTATE WITHIN THEIR OWN COMMUNITIES. 3 3 0 400 0 0 2479831 3317913 9690 12319 0 0 0 0 2489521 3330232 1613807 3565648 0 0 0 0 0 0 12531 238470 318019 1852277 3883667 637244 -553435 799347 235225 10687 0 788660 235225 X TRAIN SCHOLARS IN LEADERSHIP AND ENTREPRENEURSHIP THROUGH EVALUATION OF "LIVE" REAL ESTATE INVESTMENTS IN THEIR LOCAL COMMUNITY. CREATE AND CULTIVATE NETWORKING OPPORTUNITIES WHERE SCHOLARS ENGAGE DIRECTLY WITH LOCAL COMPANIES AND EXECUTIVES. TURN PARTICIPANTS INTO STAKEHOLDERS IN REAL ESTATE, WHEREBY THEY RECEIVE FINANCIAL SCHOLARSHIPS AND/OR AWARDS. 0 0 3849494 3565648 12319 ADMINISTRATION OF A REAL ESTATE BASED APPLIED EDUCATION PROGRAM DESIGNED TO PROMOTE FINANCIAL LITERACY, LEADERSHIP DEVELOPMENT AND ACCESS TO MENTORSHIP OPPORTUNITIES YIELDING INCREASED COMPETITIVENESS OF URBAN YOUTH. 3849494 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 DC X CEDRIC BOBO 2022948643 1623 S STREET NW WASHINGTON DC 20009 X CEDRIC BOBO FOUNDER 10.00 X X 0 0 0 ANGELA JOHNSON DIRECTOR 5.00 X 0 0 0 TJ EDWARDS DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 TIRZA BARNES-GRIFFITH 9409 FRANCIS LEWIS BLVD QUEENS VILLAGE NY 11428 CONSULTING 167875 1 3317913 3317913 OTHER PROGRAM REVENUE 900099 12319 12319 12319 3330232 12319 0 0 3565648 3565648 6981 6981 53750 53750 12531 12531 113513 113513 120362 102308 18054 OTHER 5361 5361 MEALS 3866 1933 1933 BANK FEES 1655 1655 3883667 3849494 21642 12531 799347 235225 799347 235225 10687 0 10687 0 X 788660 235225 788660 235225 799347 235225 -553435 0 X 0 0 0 X 359543 759692 744353 2479831 3330233 7673652 359543 759692 744353 2479831 3330233 7673652 1803439 5870213 7673652 22009 0.76500 0.70530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 STUDENT SCHOLARSHIPS EARNED FOR COMPLETING AND COMPETING IN THE PROJECT DESTINED PROGRAM. 3700 3565648 CASH VALUE FORM 990, SCHEDULE I, PAGE 2, PART III: STUDENTS EARN A STIPEND GENERALLY OF $1,000 FOR COMPLETING THE PROJECT DESTINED PROGRAM. STUDENTS COMPLETE 40+ HOURS OF TRAINING OVER A 9 WEEK PERIOD. THE TRAINING INCLUDES MODULES IN FINANCIAL LITERACY, REAL ESTATE, LEADERSHIP AND ENTREPRENEURSHIP. AS PART OF THE TRAINING, STUDENTS COMPETE IN "SHARK TANK" STYLE COMPETITIONS WHERE THEY PRESENT LIVE REAL ESTATE ACQUISITION OR OPERATING PROPOSALS IN THEIR COMMUNITY. STUDENTS EARN AN AVERAGE OF $1,000 STIPEND UPON COMPLETION OF THE PROGRAM. THEY CAN ALSO EARN ADDITIONAL SCHOLARSHIPS THROUGH THE PROPOSAL COMPETITIONS LEARNING OBJECTIVES CONSIST OF THE FOLLOWING: *FUNDAMENTALS OF REAL ESTATE INVESTING *TYPES OF REAL ESTATE INVESTMENTS *HOW TO CALCULATE THE RATE OF RETURN *HOW TO CALCULATE CASH FLOW *HOW TO DETERMINE EQUITY *MAXIMIZATION OF LEVERAGE *CAPITALIZATION RATE *STRATEGIES IN ACQUIRING REAL ESTATE *GENERAL TAXATION OF REAL ESTATE *ENHANCE THE ACQUISITION OF REAL ESTATE IN THE COMMUNITY OF MINORITY STUDENTS CEDRIC BOBO FOUNDER NON INTEREST LOAN PROVIDED TO THE ORGANIZATION FOR START UP COST/OPERATIONS X 78950 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY WAS PROVIDED TO THE GOVERNING BODY FOR COMMENTS AND SUGGESTIONS BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S DOCUMENTS WILL BE PROVIDED BY THE PRESIDENT UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUIRED DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION ARE PROVIDED BY THE PRESIDENT/FOUNDER UPON REQUEST.