Project 58 is a private foundation based in Lexington, North Carolina, established in 2016. The organization holds 501(c)(3) tax-exempt status and operates as a Christian nonprofit focused on addressing spiritual and physical needs within North Carolina and surrounding regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.9M
+1.2% YoY
Annual Giving
$8K
-98.6% YoY
Grant Count
7
-66.7% YoY
Avg Grant Size
$1K
-95.7% YoY
Under IRS private-foundation payout rules, Project 58 reported a distributable amount of $102K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Project 58's mission is to promote the Gospel of Jesus Christ by ministering to the spiritual and physical needs of people within and around North Carolina. The foundation intends to minister through the following areas:
- Providing food and other necessary items
- Providing medical supplies and programs
- Providing shelter
- Supporting other nonprofits in their work
- Providing counseling and educational programs
- Promoting Christian evangelism
The organization's primary funding focus includes charitable adoption assistance, Christian nonprofits, churches, and church repairs.
Grantmaking
The foundation operates on a preselected-only basis, meaning it selects grantees rather than accepting unsolicited applications.
Grant Range
$800
How to Apply
**
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Geographic Focus
Where this funder awards grants
Project 58 primarily funds organizations in Tennessee, North Carolina, and Texas, with a particular emphasis on North Carolina.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $3,866,876
- Total revenues: $14,936
- Total expenses: $269,180
- Total giving: $7,690
Historical Data (2023):
- Revenue: $60,100
- Expenses: $789,000
- Total assets: $3,820,000
- Total liabilities: $5,910
Historical Data (2020):
- Total contributions to other nonprofit organizations: $250,492
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,866,876 | $3,820,196 | $4,299,600 |
| Revenue | $14,936 | $60,080 | $571,742 |
| Expenses | $269,180 | $788,700 | $585,064 |
| Qualifying Distributions | $7,690 | $532,734 | $326,155 |
| Net Investment Income | $46,989 | $57,927 | $67,278 |
| Distributable Amount | $102,092 | $109,829 | $117,925 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
109 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Dugit Outreach Ministries ($2,060), Tikkun International ($2,000), Energize Ministries ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DUGIT OUTREACH MINISTRIES JACKSONVILLE, FL | CHARITABLE | $2,060 |
| TIKKUN INTERNATIONAL GRAND PRAIRIE, TX | CHARITABLE | $2,000 |
| ENERGIZE MINISTRIES WINSTONSALEM, NC | CHARITABLE | $1,000 |
| INTERNATIONAL CHRISTIAN EMBASSY JERUSALEM NASHVILLE, TN | CHARITABLE | $800 |
| THE FEED FOUNDATION NEW YORK, NY | CHARITABLE | $750 |
| GOSPEL MUSIC ASSOCIATION NASHVILLE, TN | CHARITABLE | $480 |
| MISCELLANEOUS LEXINGTON, NC | CHARITABLE | $600 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Roy Morgan – President (8 hours/week, unpaid)
- Todd Bartlett – Secretary (1 hour/week, unpaid)
- Scott Van Eerden – Treasurer (1 hour/week, unpaid)
The foundation operates with limited staffing and no paid employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROY MORGAN | PRESIDENT | 8 | — |
| TODD BARTLETT | SECRETARY | 1 | — |
| SCOTT VAN EERDEN | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Project 58 fund?
Project 58's mission is to promote the Gospel of Jesus Christ by ministering to the spiritual and physical needs of people within and around North Carolina. The foundation intends to minister through the following areas: • Providing food and other necessary items • Providing medical supplies and programs • Providing shelter • Supporting other nonprofits in their work • Providing counseling and educational programs • Promoting Christian evangelism The organization's primary funding focus include…
How do I apply for a grant from Project 58?
**Grant Activity:** • Made 7 grants in the most recent filing period • Median grant size: $800 • Grant range: $480–$2,100 • Made 32 grants in 2024 **Recent Grantees:** • Energize Ministries ($1,000 in 2024) • Hope City Church • Davidson County Crisis Ministry • 911 Babies Life Village • Forsyth Jail Prison Ministries • Global Outreach • Hands and Feet Project • Love Life • Museum of the Bible • New Life Family Outreach • National Christian Foundation • Pastors Pantry • Salem Pregnancy Care Cent…
Where does Project 58 make grants?
Project 58 primarily funds organizations in Tennessee, North Carolina, and Texas, with a particular emphasis on North Carolina.
What size grants does Project 58 award?
In 2024, Project 58 awarded 7 grants totaling $8K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Project 58 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Project 58 reported a distributable amount of $102K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Project 58's EIN?
Project 58's EIN (Employer Identification Number) is 81-2188516. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Project 58's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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