Overview
What is Parallax Advanced Research Corporation?
Parallax Advanced Research Corporation is a nonprofit organization headquartered at 4035 Colonel Glenn Hwy, Suite 200, Beavercreek, OH 45431. Their primary objective is to drive the economic impact of informational technology in Ohio through scientific, educational, and charitable purposes. They achieve this by promoting and encouraging research and development in advanced data collection, management, and analysis technologies. The organization fosters collaboration between Ohio's research centers, academia, related companies, and governmental research facilities. It also supports the retention, development, and expansion of the information technology industry in Ohio while contributing to scientific research that aids in the education of college and university students. With a workforce of 162 employees, Parallax Advanced Research Corporation is dedicated to advancing Ohio's information technology sector for the public's benefit.
Official website here: www.parallaxresearch.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating.
Parallax Advanced Research Corporation has received a Two-Star rating from Charity Navigator, indicating some significant challenges in its accountability and financial practices despite a strong performance in culture and community engagement. The organization has an Accountability & Finance Score of 59, which highlights areas for improvement, particularly concerning the lack of independent board members, as it currently has 0% independent board members and an unfavorable liabilities to assets ratio.
On a positive note, the organization excels in its engagement with stakeholders, demonstrated by perfect scores in feedback collection and usage. Additionally, its leadership is recognized for adaptability, with evidence of strategic collaborations with various partners in academia, industry, and government. Nonetheless, the absence of a publicly available tax form on its website raises concerns about transparency, which is critical for donor trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Parallax Advanced Research Corporation legitimate?
Parallax Advanced Research Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parallax Advanced Research Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,575,110
For more financial information, click here
Official website here: www.parallaxresearch.org
What is the mission statement of Parallax Advanced Research Corporation?
Parallax Advanced Research Corporation is dedicated to operating for scientific, educational, and charitable purposes. A significant aspect of its mission is promoting and encouraging scientific research and development for public benefit, particularly in the field of advanced data collection, management, and analysis technologies. The organization fosters collaboration between research centers, companies, academic institutions, and governmental research facilities to advance this cause. It also seeks to encourage the retention, development, and expansion of the information technology industry, while aiding in the education of college and university students through scientific research.
Official website here: www.parallaxresearch.org
Who is the CEO of Parallax Advanced Research Corporation?
Dennis Andersh is the Ceo & Presid of Parallax Advanced Research Corporation. The CEO's salary of Parallax Advanced Research Corporation is $313,708 and their total compensation is $313,708.
Official website here: www.parallaxresearch.org
What is the revenue of Parallax Advanced Research Corporation?
Parallax Advanced Research Corporation's revenue in 2022 was $40,733,328.
Official website here: www.parallaxresearch.org
Who are the executives of Parallax Advanced Research Corporation and what are their salaries?
The average compensation at Parallax Advanced Research Corporation during 2022 was $89,970. There are 162 employees at Parallax Advanced Research Corporation.
Here are 34 key members and their salaries (Parallax Advanced Research Corporation's CEO's salary is $313,708 and their total compensation is $313,708):
- Compensation: $313,708
- Related: $0
- Other: $0
- Compensation: $259,036
- Related: $0
- Other: $0
- Compensation: $258,248
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $239,519
- Related: $0
- Other: $0
- Compensation: $238,550
- Related: $0
- Other: $0
- Compensation: $223,107
- Related: $0
- Other: $0
- Compensation: $219,696
- Related: $0
- Other: $0
- Compensation: $216,479
- Related: $0
- Other: $0
- Compensation: $212,315
- Related: $0
- Other: $0
- Compensation: $212,011
- Related: $0
- Other: $0
- Compensation: $204,281
- Related: $0
- Other: $0
- Compensation: $203,543
- Related: $0
- Other: $0
- Compensation: $199,542
- Related: $0
- Other: $0
- Compensation: $198,331
- Related: $0
- Other: $0
- Compensation: $196,366
- Related: $0
- Other: $0
- Compensation: $196,323
- Related: $0
- Other: $0
- Compensation: $194,947
- Related: $0
- Other: $0
- Compensation: $188,178
- Related: $0
- Other: $0
- Compensation: $177,437
- Related: $0
- Other: $0
Official website here: www.parallaxresearch.org
Where can I find the form 990 for Parallax Advanced Research Corporation?
Parallax Advanced Research Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.parallaxresearch.org
Learn more at the official website: www.parallaxresearch.org
Mission Statement of Parallax Advanced Research Corporation
Parallax Advanced Research Corporation, a nonprofit organization, is dedicated to serving the public interest through scientific, educational, and charitable pursuits. The organization's primary focus is on promoting, encouraging, and aiding in scientific research and development, particularly in the advanced field of data collection, management, and analysis technologies. Parallax Advanced Research Corporation strives to facilitate collaboration among Ohio's research institutions, companies, academic institutions, and governmental research facilities, fostering a vibrant and growing information technology industry within the state. By encouraging the retention, development, and expansion of this sector, Parallax Advanced Research Corporation aims to contribute significantly to Ohio's economy and scientific community. Furthermore, the organization is committed to assisting in scientific research initiatives aimed at educating college and university students, paving the way for the next generation of innovators and experts in the field.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Parallax Advanced Research Corporation plays a pivotal role in advancing the scientific and technological landscape in Ohio. By promoting collaboration among research centers, academic institutions, and industry players, the organization fosters an ecosystem that encourages innovation in information technology and related sectors. This collaboration helps to strengthen Ohio's position in the tech industry, ensuring that it retains and develops talent and resources critical for long-term growth.
The initiatives of Parallax focus on transitioning advanced data collection, management, and analysis technologies into practical applications within Ohio's industries. By emphasizing scientific research and development, the corporation not only contributes to the local economy but also enhances educational opportunities for students in colleges and universities. This focus on education is vital for preparing the next generation of professionals who will drive advancements in technology.
Ultimately, Parallax Advanced Research Corporation seeks to establish a sustainable business model that will bolster the economic impact of information technology in Ohio. By linking industry and academia, they are poised to create a robust innovation framework that benefits the public and supports the ongoing growth of advanced technologies.
This information is meant to be a general summary of Parallax Advanced Research Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $56
- Program Service Revenue: $39,236,272
- Gross Receipts: $40,733,328
Assets and Liabilities:
- Total Assets: $15,622,847
- Total Liabilities: $12,439,508
- Net Assets: $3,183,339
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$39,236,272
Organization Details
Founding Year
2004
Phone
(937) 705-1000Principal Officer
Dennis Andersh
Main Address
4035 COLONEL GLENN HWY SUITE 200, BEAVERCREEK, OH, 45431
Website
www.parallaxresearch.orgNTEE Category
Code: U054 - Science research
If you are a representative of Parallax Advanced Research Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.