Overview
What is Processing Foundation Inc?
Processing Foundation Inc, situated in Brooklyn, New York, is a nonprofit organization with a focus on software literacy. They specialize in creating processing software, encompassing both the core application programming interface (API) and the programming environment, known as the processing development environment (PDE). Their mission is twofold: firstly, to encourage software literacy within the visual arts, and secondly, to foster visual literacy within technology-related fields. The organization strives to make these fields accessible to diverse communities, contributing to the broader technological landscape. Currently, their workforce comprises a team of dedicated professionals, numbering just two individuals.
Official website here: www.processingfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 68%)
The Processing Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational and financial transparency. While the organization has a high score for having an independent board, with 100% of its members meeting this criterion, it falls short in areas such as financial reporting and policy documentation.
The foundation has demonstrated some financial stability, with a low liabilities to assets ratio of 0.24%, and a program expense ratio of 66.37%, suggesting a significant portion of its expenses are directed toward its programs. However, the absence of financial statements and key governance policies, such as a whistleblower policy and document retention policy, raises concerns about accountability and oversight.
Overall, while the Processing Foundation Inc shows strengths in board independence and program expense allocation, its lack of essential financial transparency and governance practices limits its overall effectiveness and trustworthiness as assessed by Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Processing Foundation Inc legitimate?
Processing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Processing Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,004
For more financial information, click here
Official website here: www.processingfoundation.org
What is the mission statement of Processing Foundation Inc?
The Processing Foundation Inc's mission is centered around promoting software literacy within the realm of visual arts and fostering visual literacy in technology-related fields. The organization's goal is to make these fields more accessible to diverse communities. In pursuit of this mission, they develop the Processing software, which includes both the core application programming interface (API) and the programming environment, known as the Processing Development Environment (PDE).
Official website here: www.processingfoundation.org
Who is the CEO of Processing Foundation Inc?
Daniel Shiffman is the Treasurer of Processing Foundation Inc.
Official website here: www.processingfoundation.org
What is the revenue of Processing Foundation Inc?
Processing Foundation Inc's revenue in 2022 was $777,054.
Official website here: www.processingfoundation.org
Who are the executives of Processing Foundation Inc and what are their salaries?
The average compensation at Processing Foundation Inc during 2022 was $36,502. There are 2 employees at Processing Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $86,400
- Related: $0
- Other: $0
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- 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
Official website here: www.processingfoundation.org
Where can I find the form 990 for Processing Foundation Inc?
Processing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.processingfoundation.org
Learn more at the official website: www.processingfoundation.org
Mission Statement of Processing Foundation Inc
Processing Foundation Inc, a nonprofit organization, is committed to bridging the gap between software literacy in the visual arts and visual literacy in technology-related fields. Its mission is to make these fields more accessible to diverse communities. To accomplish this, the organization develops the Processing software, encompassing both the core application programming interface (API) and the Processing Development Environment (PDE). By providing these tools, Processing Foundation Inc aims to democratize these fields, ensuring that individuals from various backgrounds can participate and contribute to these important areas of innovation.
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Impact
July, 2024
Processing Foundation Inc's impact lies in promoting software literacy within the visual arts and visual literacy within technology-related fields. By developing processing software, including the core API and programming environment, they have made these fields accessible to diverse communities. This has not only enriched individuals' skills and knowledge but also fostered creativity and innovation at the intersection of art and technology. Their work contributes to building a more inclusive and knowledgeable society, especially in the realm of visual arts and technology.
This information is meant to be a general summary of Processing Foundation 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.
- Gross Receipts: $777,054
Assets and Liabilities:
- Total Assets: $10,742,562
- Total Liabilities: $26,673
- Net Assets: $10,715,889
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Organization Details
Founding Year
2012
Phone
(917) 374-7063Principal Officer
Daniel Shiffman
Main Address
400 JAY ST, BROOKLYN, NY, 11201
Website
www.processingfoundation.orgNTEE Category
Code: B99 - Education
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