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Minnesota · Nonprofit

PROJECT 412

PROJECT 412 (Minnesota) receives grants from 15 organizations whose IRS filings report $1,161,385 to it, the largest being Mark and Cindy Fritz Family Foundation ($745,800). 7 of them have funded it in more than one year.

Revenue FY2024
$1.3M
Funders on record
15
Grants received
$1.2M
Net assets
$190k
7/15 repeat funderspeak grant-dependency 50%
01What it does

What Project 412 does

Mission

Project 412 is recognized as a 501(c)(3) nonprofit organization (ein 88 3176887), organized and operated exclusively for the public charitable purpose and having a mission to elevate the cultural and economic vibrancy of detroit lakes and the surrounding 412 lakes area. As a catalyst, cheerleader, and connector for public art, free community events, free coaching and support to entrepreneurs, and placemaking, Project 412 qualifies for sales tax exemption under minnesota statutes ?297a.70, subd.4.

As stated on its FY2024 Form 990.

Programs

  1. Project 412 was created with the sole public charitable purpose of making detroit lakes a better place for all. The mission is to elevate the cultural and economic vibrancy of the 412 lakes area and we do that by offering a plethora of free events and opportunities for the community. We are creating a new public park that will provide free access to the entire community and all visitors to 50 acres of beautiful landscape, public art, and trails. We promote the arts in a way that fosters mental health, community connection, civic pride, and a sense of belonging. We have hired artists to create vibrant murals and smaller art surprises plus we've commissioned permanent sculptures for public spaces including the thomas dambo giant troll project. We aim to transform public spaces into creative, thought-provoking environments. Our projects, like climbing boulders and giant kites on the lake, encourage people to engage with art in unexpected and playful ways. We believe that art has the power to uplift, heal, and bring people together, creating a sense of pride and unity within the community. Through these installations, we strive to spark joy, inspire creativity, and provide everyone…

    $1,009,680 spentof which $6,620 as grants$709,459 earned by the program
    73% of program spending
  2. As stated in our mission, 100% of all we do is for charitable purposes. We have created a series of free music concerts in the park that bring so much joy, healing, and a sense of belonging to our community. Music has the power to connect people, especially in a relaxed, open environment like our city park where people can gather without barriers. We help support local talent and offer various genres to appeal to all walks of life and bring people together, helping to form lasting human connections.

    $52,606 spentof which $4,310 as grants$30,396 earned by the program
    4% of program spending
  3. Our ecosystem builder program is a free charitable service centered on community growth and well-being, which is so important in fostering long- term positive change. By offering free coaching and support to new entrepreneurs and existing businesses, we're creating a dynamic and thriving local economy. The future addition of garden spaces and trails will greatly enhance the physical and mental health of our community members, too, while also providing a serene space for families to reconnect. We create free collaborative events that bring people together, spark ideas and share knowledge. By providing a platform for community members to exchange these ideas, we're fostering a sense of ownership and involvement that can lead to lasting partnerships and innovations.

    $21,997 spentof which $1,000 as grants$20,997 earned by the program
    2% of program spending
  4. To promote art, music, events, and community in the detroit lakes area.

    $300,488 spent
    22% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,384,771.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($273k) Expenses 100 ($84k) Net assets 100 ($188k)2023 Revenue 371 ($1.0M) Expenses 683 ($575k) Net assets 263 ($496k)2024 Revenue 474 ($1.3M) Expenses 1899 ($1.6M) Net assets 101 ($190k)
202220232024
Revenue (474)Expenses (1899)Net assets (101)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $191k to $549k (+187%).

$191k
$549k
$241k
202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
ContributionsProgram revenueInvestmentOther

96% of PROJECT 412’s revenue is contributions — more reliant on donations than three-quarters of its peers (60% for the typical peer).

This organization
Typical peer · 4,444 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 3 reported years ran a deficit.

$188k
’22
$437k
’23
−$306k
’24
1.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

202220232024
Listed566
Joined·+1+1
No longer listed·01
03Who funds it

Who funds it, year by year

2022 → 2023: the base broadened from 1 funder to 7 funders, grant income rose $138k → $319k.

6 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 20% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of PROJECT 412’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

PROJECT 412 leans on a few funders — its largest provides 64% of grant income and the top three 87%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

64%
largest funder
87%
top three
~2
effective funders

Largest funder’s share by year: 2022 100% · 2023 78% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

99% of PROJECT 412's grant income comes from Minnesota funders.

ND
MN

In-state vs out-of-state, by year

’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $229k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

PROJECT 412 has grown faster than three-quarters of the 4,206 community improvement nonprofits its size.

Operating margin−24% · bottom quartile
Months of reserve1.2mo · bottom quartile
Revenue growth (annualized)118% · top quartile

this organization peer median middle 50% of peers· 4,206 community improvement nonprofits $1M–$10M, FY2024

Organizations like PROJECT 412

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

87% of spending goes to programs.

Program 87%Management 7%Fundraising 6%

Governance

4
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for PROJECT 412: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds PROJECT 412?
PROJECT 412 (Minnesota) receives grants from 15 organizations whose IRS filings report $1,161,385 to it, the largest being Mark and Cindy Fritz Family Foundation ($745,800). 7 of them have funded it in more than one year.
How many funders does PROJECT 412 have?
IRS filings report 15 organizations giving $1,161,385 in grants to PROJECT 412, 7 of which have funded it in more than one year.
Who is the largest funder of PROJECT 412?
Mark and Cindy Fritz Family Foundation is the largest funder on record, with $745,800 in grants. The full list of funders is on this page.
How can an organization like PROJECT 412 find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Project 412 →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2022–2024), and the filings of 15 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing