Overview
What is Chips Network Inc?
Chips Network Inc, based in Sonoma, California, is a dedicated nonprofit organization with a mission to empower women in the fields of technology, law, and policy. They achieve this goal through various programs, including their Global Summit, Next Gen Summit, mock programs, General Counsel Bootcamp, webinars, and networking events. Their initiatives span across multiple chapters in the United States, Canada, Europe, and Australia/New Zealand. Furthermore, they offer scholarships to law school students demonstrating a passion for intellectual property law. Chips Network Inc aims to accelerate innovation by promoting diversity of thought, encouraging participation, and fostering engagement, thereby connecting and advancing women in these sectors.
Official website here: www.chipsnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Chips Network Inc has demonstrated a strong commitment to accountability and financial management, achieving a 92% score on Charity Navigator and earning a Four-Star rating. This score reflects a well-structured organization with a majority of independent board members and a high level of transparency in its financial statements. The charity effectively manages its resources, indicated by a low liabilities to assets ratio and a significant percentage of expenses directed towards its programs.
The organization excels in several critical areas, such as having no material diversion of assets and maintaining a solid fundraising efficiency ratio. The fact that the board meeting minutes are documented and that financial forms are distributed before filing further highlights the charity's dedication to proper governance practices.
However, there are notable limitations, particularly regarding the absence of whistleblower and document retention policies, which received no points in the evaluation. Addressing these gaps could enhance its overall accountability and provide additional assurance to stakeholders about its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Chips Network Inc legitimate?
Chips Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chips Network 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: $208,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $575,528
For more financial information, click here
Official website here: www.chipsnetwork.org
What is the mission statement of Chips Network Inc?
Chips Network Inc's mission is centered around promoting the advancement and connection of women in technology, law, and policy. They aim to accelerate innovation by fostering diversity of thought, participation, and engagement. Their primary programs include global summits, next gen summits, mock programs, general counsel bootcamps, webinars, and networking and learning opportunities through their chapters in various countries. Additionally, they have a scholarship program that supports a law school student committed to a career in intellectual property law.
Official website here: www.chipsnetwork.org
Who is the CEO of Chips Network Inc?
Joan Toth is the Director of Chips Network Inc.
Official website here: www.chipsnetwork.org
What is the revenue of Chips Network Inc?
Chips Network Inc's revenue in 2022 was $2,665,353.
Official website here: www.chipsnetwork.org
Who are the executives of Chips Network Inc and what are their salaries?
The average compensation at Chips Network Inc during 2022 was $130,664. There are 6 employees and 150 volunteers at Chips Network Inc.
Here are 11 key members and their salaries:
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- Compensation: $208,453
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- Other: $24,658
- Compensation: $145,613
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- Other: $6,899
- Compensation: $116,836
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- Other: $14,992
- Compensation: $112,873
- Related: $0
- Other: $18,229
Official website here: www.chipsnetwork.org
Where can I find the form 990 for Chips Network Inc?
Chips Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chipsnetwork.org
Learn more at the official website: www.chipsnetwork.org
Mission Statement of Chips Network Inc
Chips Network Inc, an organization dedicated to advancing and connecting women in technology, law, and policy, seeks to accelerate innovation through the promotion of diversity of thought, participation, and engagement. The mission of Chips Network Inc is to foster the growth of women in these fields, believing that their involvement is crucial in driving innovation and progress. The organization accomplishes this mission through various programs, including the Global Summit, Next Gen Summit, mock programs, General Counsel Bootcamp, webinars, and networking and learning opportunities offered through its chapters in various regions such as the US, Canada, Europe, and Australia/New Zealand. Additionally, Chips Network Inc supports a scholarship program that funds a law school student exhibiting a commitment to a career in intellectual property law.
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Impact
July, 2024
Chips Network Inc is making a significant impact by advancing and connecting women in technology, law, and policy. Their mission to accelerate innovation through diversity of thought, participation, and engagement is evident in their various programs such as the Global Summit, Next Gen Summit, Mock Programs, General Counsel Bootcamp, webinars, and networking and learning programs through their chapters in the U.S., Canada, Europe, and Australia/New Zealand. Additionally, their scholarship program, which funds a law school student committed to a career in intellectual property law, demonstrates their commitment to supporting and empowering women in these fields. Through these initiatives, Chips Network Inc is actively contributing to the advancement and inclusion of women in traditionally male-dominated sectors, ultimately leading to positive change and progress in the community.
This information is meant to be a general summary of Chips Network 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: $3,180
- Program Service Revenue: $1,082,745
- Gross Receipts: $2,665,353
Assets and Liabilities:
- Total Assets: $3,084,648
- Total Liabilities: $155,996
- Net Assets: $2,928,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$1,082,745
Organization Details
Founding Year
2012
Phone
(650) 260-8737Principal Officer
Joan Toth
Main Address
617 BROADWAY 503, SONOMA, CA, 95476
Website
www.chipsnetwork.orgNTEE Category
Code: S40 - Community improvement
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