Overview
What is Skysthelimit Org?
Skysthelimit Org is a nonprofit organization situated in Oakland, California, specifically at 945 Grosvenor Place. Their primary mission is to empower underrepresented young entrepreneurs, primarily individuals from low-income backgrounds, people of color, and women. They achieve this by offering a comprehensive program that includes training, funding, and a supportive community of mentors. The mentors are professionals from leading corporations and small business owners, providing one-on-one guidance. Skysthelimit Org utilizes its digital platform, skysthelimit.org, to streamline the recruitment, screening, training, matching, evaluation, and support of young entrepreneurs and mentors at scale. The organization also boasts an innovative startup grant program that awards small grants to assist with business launch expenses.
Official website here: www.skysthelimit.org/
What are the reviews and ratings of this charity?
Charity Navigator rates Skysthelimit Org at 98%, awarding it a Four-Star out of Four Star rating. This high rating reflects the organization's strong accountability and financial practices, with a notable score of 97 in accountability, indicating effective governance and transparency in financial reporting.
The nonprofit demonstrates exceptional leadership and adaptability, achieving a perfect score in these areas. They maintain an independent board with a robust structure, showing a commitment to ethical practices through policies such as conflict of interest and whistleblower protections. The organization also excels in program expense ratio at 82.76%, ensuring a significant portion of funds is directed towards its mission.
While the organization shows remarkable strength across various metrics, it's essential to note that the focus on financial accountability and community engagement is paramount. The feedback mechanisms in place reflect a commitment to continuous improvement, ensuring the voices of stakeholders are valued and incorporated into their strategies. Overall, Skysthelimit Org stands out as a well-managed and effective nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Skysthelimit Org legitimate?
Skysthelimit Org is a legitimate nonprofit organization registered as a 501(c)(3) entity. Skysthelimit Org 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: $268,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $435,766
For more financial information, click here
Official website here: www.skysthelimit.org/
What is the mission statement of Skysthelimit Org?
Skysthelimit Org's mission is centered around supporting underrepresented young adult entrepreneurs. It aims to provide one-on-one guidance through business mentors, tailored entrepreneurship training, and financing opportunities. The organization's integrated core program connects these entrepreneurs with resources, a peer community, and professional volunteers on its digital platform. The entrepreneurs, typically between the ages of 18 and 29, belong to underrepresented groups such as low-income individuals, people of color, and women. The volunteer mentors are professionals from leading corporations and small business owners. Skysthelimit Org's team utilizes its platform to efficiently recruit, screen, train, match, evaluate, and support both young entrepreneurs and volunteer business advisors at scale. The organization also offers a startup grant program, awarding small grants to entrepreneurs to cover launch expenses.
Official website here: www.skysthelimit.org/
Who is the CEO of Skysthelimit Org?
William Bo Ghirardelli is the Ceo, President Board Of Directors of Skysthelimit Org. The CEO's salary of Skysthelimit Org is $151,600 and their total compensation is $151,600.
Official website here: www.skysthelimit.org/
What is the revenue of Skysthelimit Org?
Skysthelimit Org's revenue in 2022 was $2,571,830.
Official website here: www.skysthelimit.org/
Who are the executives of Skysthelimit Org and what are their salaries?
The average compensation at Skysthelimit Org during 2022 was $64,015. There are 11 employees and 700 volunteers at Skysthelimit Org.
Here are 13 key members and their salaries (Skysthelimit Org's CEO's salary is $151,600 and their total compensation is $151,600):
- Compensation: $151,600
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Official website here: www.skysthelimit.org/
Where can I find the form 990 for Skysthelimit Org?
Skysthelimit Org's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.skysthelimit.org/
Learn more at the official website: www.skysthelimit.org/
Mission Statement of Skysthelimit Org
Skysthelimit Org is committed to assisting underrepresented young adult entrepreneurs in planning, launching, and growing their businesses. The organization achieves this mission by connecting these entrepreneurs with one-on-one support, including volunteer business mentors, tailored entrepreneurship training, and funding opportunities. The primary focus of Skysthelimit Org is on young entrepreneurs who belong to underrepresented groups, such as low-income individuals, people of color, and women.
Skysthelimit Org provides this support through an integrated core program that operates on its digital platform, Skysthelimit.org. The program connects these entrepreneurs with training, funding, and a community of their peers and volunteer professionals. The platform recruits, screens, trains, matches, evaluates, and supports young entrepreneurs and volunteer business advisors and mentors at scale. The organization's team leverages its platform to provide a comprehensive support system for these young entrepreneurs.
Skysthelimit Org also offers an innovative startup grant program, which awards small grants to young entrepreneurs to cover their business launch expenses. This program provides these entrepreneurs with much-needed financial support to turn their business ideas into reality. In summary, Skysthelimit Org is dedicated to helping underrepresented young adult entrepreneurs succeed in their business ventures by providing them with one-on-one mentoring, training, and funding opportunities.
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Impact
October, 2024
Skysthelimit Org significantly impacts underrepresented entrepreneurs by providing them with tailored resources essential for planning, launching, and growing their businesses. Through their integrated core program, they connect young entrepreneurs, primarily aged 18 to 29 and from low-income backgrounds, people of color, or women, with critical mentorship, training, and access to capital.
By facilitating one-on-one mentoring relationships with professionals from leading corporations and small business owners, Skysthelimit Org empowers these young entrepreneurs to navigate the complexities of starting and sustaining a business. Their digital platform streamlines the process of recruiting, screening, and matching mentors with mentees, ensuring that support is accessible and effective.
The organization also addresses financial barriers through an innovative startup grant program, which awards small grants to help cover business launch expenses. This financial support, combined with comprehensive training and a vibrant community of peers, fosters an environment where young entrepreneurs can thrive.
Overall, Skysthelimit Org creates pathways for marginalized individuals to realize their entrepreneurial dreams, ultimately contributing to a more diverse and equitable economic landscape.
This information is meant to be a general summary of Skysthelimit Org. 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: -$78,801
- Gross Receipts: $2,652,689
Assets and Liabilities:
- Total Assets: $2,520,125
- Total Liabilities: $105,172
- Net Assets: $2,414,953
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Organization Details
Founding Year
2010
Phone
(510) 379-8952Principal Officer
William Bo Ghirardelli
Main Address
945 GROSVENOR PLACE, OAKLAND, CA, 94610
Website
www.skysthelimit.org/NTEE Category
Code: Q32 - International
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