Overview
What is Probability Management Inc?
Probability Management Inc, based in Palo Alto, California, is a nonprofit organization dedicated to promoting clarity and consistency in the handling and communication of uncertainties as data. Their mission spans various sectors, including finance, energy, pharmaceuticals, banking, the economy, national defense, and climate change. The organization aims to enhance transparency and consistency in reporting and calculating with uncertainties, resulting in actionable, additive, and auditable representations of uncertainties. With a team of 9 individuals, this nonprofit operates with the goal of improving data management and decision-making processes across various industries.
Official website here: www.probabilitymanagement.org
Is Probability Management Inc legitimate?
Probability Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Probability Management 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: $41,583
Professional Fundraising Fees: $0
Other Salaries and Wages: $118,408
For more financial information, click here
Official website here: www.probabilitymanagement.org
What is the mission statement of Probability Management Inc?
Probability Management Inc's mission is focused on fostering clear standards for communicating and managing uncertainties as data. The objective is to enhance transparency and consistency in reporting and calculating with uncertainties across various sectors such as finance, energy, pharmaceuticals, banking, the economy, national defense, and climate change. The resulting representation of uncertainties should be threefold: firstly, actionable, allowing uncertainties to be directly used in calculations of potential risks and rewards across various software platforms. Secondly, additive, enabling uncertainties to be aggregated across the enterprise. Lastly, auditable, ensuring data provenance is maintained with respect to accuracy and security.
Official website here: www.probabilitymanagement.org
Who is the CEO of Probability Management Inc?
Sam Savage is the Executive Director of Probability Management Inc.
Official website here: www.probabilitymanagement.org
What is the revenue of Probability Management Inc?
Probability Management Inc's revenue in 2022 was $198,305.
Official website here: www.probabilitymanagement.org
Who are the executives of Probability Management Inc and what are their salaries?
The average compensation at Probability Management Inc during 2022 was $17,777. There are 9 employees and 14 volunteers at Probability Management Inc.
Here are 4 key members and their salaries:
- Compensation: $41,583
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,440
- Related: $0
- Other: $0
Official website here: www.probabilitymanagement.org
Where can I find the form 990 for Probability Management Inc?
Probability Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.probabilitymanagement.org
Learn more at the official website: www.probabilitymanagement.org
Mission Statement of Probability Management Inc
Probability Management Inc, with a mission to advance clarity, aims to establish universal standards for expressing and managing uncertainties as data. Their primary goal is to enhance transparency and consistency in reporting and calculating uncertainties across various sectors such as finance, energy, pharmaceuticals, banking, the economy, national defense, and climate change. The organization strives to create a representation of uncertainties that is actionable, allowing uncertainties to be directly utilized in calculations of potential risks and rewards across various software platforms. Furthermore, they aim for additivity, enabling uncertainties to be aggregated across an enterprise. Lastly, Probability Management Inc emphasizes on auditing, ensuring data provenance is maintained with respect to accuracy and security. Their ultimate objective is to promote a more informed decision-making process in the face of uncertainties.
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Impact
October, 2024
Probability Management Inc plays a pivotal role in enhancing the way organizations communicate and manage uncertainties. By focusing on developing unambiguous standards for uncertainty data, it fosters greater transparency and consistency across a wide spectrum of sectors, including finance, energy, pharmaceuticals, banking, and even national defense and climate change.
The organization's commitment to actionable representation of uncertainties is significant, as it allows businesses and decision-makers to incorporate uncertainty directly into their risk and reward calculations, facilitating informed decision-making. Additionally, their emphasis on additive uncertainty means that data can be effectively aggregated across various functions within an enterprise, providing a holistic view of risks and opportunities.
Moreover, the auditability of the data ensures that organizations can trust the provenance and accuracy of the uncertainty information they are working with. This leads to improved security and reliability in data management practices. Overall, Probability Management Inc's efforts contribute to a more robust framework for understanding and navigating the complexities of uncertainty, which is vital in today’s data-driven landscape.
This information is meant to be a general summary of Probability Management 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.
- Program Service Revenue: $176,080
- Gross Receipts: $198,305
Assets and Liabilities:
- Total Assets: $16,957
- Total Liabilities: $0
- Net Assets: $16,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION
Revenue
$176,080
Organization Details
Founding Year
2012
Phone
(650) 520-6255Principal Officer
Sam Savage
Main Address
3507 ROSS ROAD, PALO ALTO, CA, 94303
NTEE Category
Code: J99 - Employment
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