Project America Development Company
Project America Development Company is a private foundation focused on Community Improvement & Capacity Building, based in Phoenix, AZ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.6M in total assets. In 2024, it awarded 1 grant totaling $447K. Net investment income was $681K.
Project America Development Company at a glance
In short: Project America Development Company gave $447K across 1 grant in 2024 (avg $447K), mostly in Arizona. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $447,071
- +0.6% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $447,071
- +101.1% vs 2023
- Median grant
- $447,071
- Total assets
- $4,582,403
- -13.9% vs 2023
- Primary geography
- Arizona (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Project America Development Company funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Mary's Ministries ($447K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Project America Development Company gives
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $377K (2022) to $447K (2024). In 2024 it made 1 grant totaling $447K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mary's Ministries Phoenix, AZ | General Support | $447,071 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,582,403 | $-72,800 | $646,079 | $447,071 | 1 | $587,170 | $680,781 | — |
| 2023 | $5,320,533 | $759,920 | $610,738 | $444,536 | 2 | $560,509 | $602,567 | $826 |
| 2022 | $5,315,330 | $639,597 | $613,158 | $377,016 | 1 | $560,981 | $583,463 | — |
Leadership & Key People
Officers and directors from IRS filings
Project America Development Company is led by Rosemary Cardenas, President & CEO on every filing since 2022; 1 of 6 officers listed in 2024 is compensated.
Officers on the 2024 filing
Rosemary Cardenas
President & CEO
On filings since 2022
40 hrs/week
$31K (2022) → $31K (2024)
Izalco Ruiz
Chairman
On filings since 2022
10 hrs/week
No compensation reported
Rebecca Ruiz
Director
On filings since 2022
10 hrs/week
$34K (2022) → $0 (2024)
Jorge Sandoval
Director
On filings since 2022
10 hrs/week
No compensation reported
Monica Ruiz
Director
On filings since 2022
10 hrs/week
No compensation reported
Israel Diaz
Secretary
On filings since 2022
10 hrs/week
No compensation reported
Former officers (2)
- Former: Estela Ruiz (2022) — Director
- Former: Veronica Cardenas (2022) — Director
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $31K, to Rosemary Cardenas (President & CEO).
Frequently asked questions about Project America Development Company
How much does Project America Development Company give each year?
Project America Development Company gave $447K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $445K across 2 grants.
How large is Project America Development Company?
Project America Development Company reported $4.6M in total assets on its 2024 IRS Form 990-PF.
What is Project America Development Company?
Project America Development Company is a private foundation focused on Community Improvement & Capacity Building, based in Phoenix, AZ. It holds $4.6M in total assets as of 2024.
Where does Project America Development Company operate?
Project America Development Company has awarded grants in Arizona.
What is Project America Development Company's EIN?
Project America Development Company's EIN (Employer Identification Number) is 86-0947960. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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Browse active grant opportunities in Project America Development Company's focus areas in our free grants database
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