Overview
What is Project Purple Inc?
Project Purple Inc, based in Seymour, Connecticut, is a dedicated nonprofit organization with a mission to combat pancreatic cancer. Their primary funding source stems from participatory events, such as marathons, half-marathons, and 5K races, which attract runners from around the globe, many of whom have been personally affected by this disease. Project Purple's primary objective is to raise awareness and funds for pancreatic cancer research, aiming to contribute to the discovery of a cure. Beyond fundraising, Project Purple also motivates individuals to participate in renowned marathons and half-marathons, serving as a platform for mission-critical fundraising efforts. The organization's commitment to this cause is supported by a team of 13 dedicated individuals.
Official website here: www.projectpurple.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Project Purple Inc has achieved a high rating of 96%, signifying strong performance in both accountability and finance. The organization boasts a fully independent board, with 87% of its members meeting this criterion, and maintains robust financial practices, as evidenced by its perfect scores in audit oversight and asset management. Additionally, the charity demonstrates transparency with its financial statements and policies, including conflict of interest and whistleblower protections.
Strengths of Project Purple Inc include its high program expense ratio of 84.56%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. The organization also effectively manages its liabilities, with a low liabilities-to-assets ratio of 5.86%. These factors contribute to a solid foundation of trust and reliability for potential donors and stakeholders.
While the data highlights many strengths, it is important for potential supporters to consider the overall impact and specific programs of the organization. The high financial efficiency is commendable, but understanding the qualitative outcomes of its initiatives can further enhance the evaluation of its efficacy in addressing its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Project Purple Inc?
98% of 46 reviewers on Facebook recommend Project Purple Inc. Here is a summary of their reviews:
Many individuals express gratitude towards the organization for its innovative work in the field of pancreatic cancer treatment. Several reviews highlight the effectiveness of ultrasound technology as a non-invasive method that not only provides positive outcomes in reducing pain but also aids in improving patients' overall well-being, such as enabling them to eat and gain weight after treatment. This cutting-edge approach is praised for its ability to treat various tumors with high precision, reflecting a hopeful outlook for those affected by cancer.
Overall, sentiments towards Project Purple Inc. emphasize a strong appreciation for the organization's commitment to advancing cancer treatment and the positive impact it has on patients’ lives. The enthusiastic endorsements suggest that the nonprofit is seen as making significant strides in medical science while providing much-needed support for those battling tumors.
This AI summary has been generated from reviews found on Facebook.
Is Project Purple Inc legitimate?
Project Purple Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Purple Inc 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: $181,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,642
For more financial information, click here
Official website here: www.projectpurple.org
What is the mission statement of Project Purple Inc?
Project Purple Inc's mission is centered around raising awareness and securing funds for the cure of pancreatic cancer. In addition to this, the organization motivates individuals to participate in renowned marathons and half marathons globally, with the primary goal of raising mission-critical funds. Their team comprises runners from various parts of the world, many of whom have been personally affected by pancreatic cancer. The funds raised through these events serve as a significant source of financing for their cause.
Official website here: www.projectpurple.org
Who is the CEO of Project Purple Inc?
Sandino Verrelli is the President of Project Purple Inc.
Official website here: www.projectpurple.org
What is the revenue of Project Purple Inc?
Project Purple Inc's revenue in 2022 was $1,765,053.
Official website here: www.projectpurple.org
Who are the executives of Project Purple Inc and what are their salaries?
The average compensation at Project Purple Inc during 2022 was $30,002. There are 13 employees and 25 volunteers at Project Purple Inc.
Here are 9 key members and their salaries:
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- Compensation: $160,668
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- Other: $2,274
Official website here: www.projectpurple.org
Where can I find the form 990 for Project Purple Inc?
Project Purple Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.projectpurple.org
Learn more at the official website: www.projectpurple.org
Mission Statement of Project Purple Inc
Project Purple Inc is dedicated to raising awareness and gathering funds towards finding a cure for pancreatic cancer. In addition to this, the organization motivates individuals to participate in renowned marathons and half-marathons globally, with the primary objective of raising mission-critical funds. Their team, comprising runners from various parts of the world, has been impacted by pancreatic cancer, making their efforts even more meaningful and heartfelt.
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Impact
October, 2024
Project Purple Inc significantly impacts the fight against pancreatic cancer by raising awareness and funding essential research aimed at finding a cure. Their innovative approach engages individuals in physical activities, encouraging participation in renowned marathons and races across the United States. This not only provides critical financial support for pancreatic cancer research but also fosters a community of runners who are often personally affected by the disease. The organization's commitment to advocacy and fundraising promotes greater public awareness and understanding of pancreatic cancer, ultimately contributing to advancements in medical research and treatment options. Through their efforts, Project Purple Inc mobilizes resources and support, creating a meaningful ripple effect in the ongoing battle against this devastating illness.
This information is meant to be a general summary of Project Purple Inc. 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: $5,874
- Program Service Revenue: $31,579
- Gross Receipts: $1,824,211
Assets and Liabilities:
- Total Assets: $1,495,812
- Total Liabilities: $87,657
- Net Assets: $1,408,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REGISTRATION FEES
Revenue
$31,579
Organization Details
Founding Year
2010
Phone
(203) 714-6052Principal Officer
Sandino Verrelli
Main Address
115 MAIN STREET SUITE 1, SEYMOUR, CT, 06483
Website
www.projectpurple.orgNTEE Category
Code: H12 - Medical research
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