127 Project INC is a private foundation focused on Religion Related, based in STUART, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it awarded 3 grants totaling $22K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2K
+108.1% YoY
Annual Giving
$22K
-70.7% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$7K
-90.2% YoY
Under IRS private-foundation payout rules, 127 Project INC reported a distributable amount of $214 for 2024 — the minimum it must pay out in qualifying distributions.
About 127 Project INC
Based on IRS filings
127 Project INC is a private foundation focused on Religion Related, based in STUART, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it awarded 3 grants totaling $22K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,083 | $1,001 | $2,442 |
| Revenue | $33,007 | $80,828 | $2,462 |
| Expenses | $30,835 | $81,713 | $20 |
| Qualifying Distributions | $30,242 | $80,686 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $214 | $261 | $120 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Covenant Fellowship Baptist Church ($14,000), Covenant Fellowship Baptist Church ($5,000), Hopegivers International ($3,300).
| Recipient | Purpose | Amount |
|---|---|---|
| Covenant Fellowship Baptist Church Stuart, FL | Building a Hope Home in India through Hopegivers International | $14,000 |
| Covenant Fellowship Baptist Church Stuart, FL | Construction of a church in South India | $5,000 |
| Hopegivers International Columbus, GA | Care of widowed pastor's wives | $3,300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jay Holland | President | 5 | — |
| Emily Holland | Secretary | — | — |
| Brent Gibson | Director | — | — |
| David Bruner | Director | — | — |
| Craig Jochum | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 127 Project INC?
127 Project INC is a private foundation focused on Religion Related, based in STUART, FL. It holds $2K in total assets as of 2024.
How large is 127 Project INC?
As of 2024, 127 Project INC holds $2K in total assets with $33K in annual revenue. It awarded 3 grants totaling $22K in 2024.
Where does 127 Project INC operate?
127 Project INC has awarded grants in Florida, Georgia.
What size grants does 127 Project INC award?
In 2024, 127 Project INC awarded 3 grants totaling $22K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is 127 Project INC required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 127 Project INC reported a distributable amount of $214 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 127 Project INC's EIN?
127 Project INC's EIN (Employer Identification Number) is 92-0617633. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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