Overview
What is Fortyx80 Inc?
Fortyx80 Inc is a nonprofit organization situated in Pittsburgh, Pennsylvania, specifically at 100 S COMMONS SUITE 172. Their primary mission is to foster the growth of entrepreneurs in southwestern Pennsylvania (SWPA). They achieve this by enhancing the regional entrepreneurial ecosystem by increasing access to capital, providing educational programs, and promoting SWPA as a leading destination for start-ups, talent, and technology. Fortyx80 Inc also focuses on eliminating barriers commonly encountered by tech-interested individuals from underrepresented groups, aiming to offer employers a wider, more diverse talent pool. In summary, Fortyx80 Inc plays a significant role in empowering entrepreneurs and promoting SWPA as a thriving tech hub.
Official website here: www.fortyx80.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Fortyx80 Inc has achieved an impressive 96% score, reflecting a strong level of accountability and finance management. The organization benefits from having a fully independent board, which contributes to its effective oversight and decision-making processes. The charity's financial health is evidenced by its low liabilities to assets ratio of 22.51% and a program expense ratio of 75.59%, indicating a commitment to directing funds towards its mission.
The organization has implemented several robust policies, including whistleblower protections and conflict of interest guidelines, ensuring transparency and ethical governance. Its financial statements are subject to an audit, further solidifying trust in its financial practices. The presence of well-documented board meeting minutes supports its operational integrity.
Overall, Fortyx80 Inc demonstrates a commendable commitment to accountability, with no reported material diversions of assets. While the data indicates strong performance in financial management and governance, the summary does not provide insights into the organization's specific programs or outcomes. This would be beneficial for a more comprehensive assessment of its impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fortyx80 Inc?
98% of 11 reviewers on Facebook recommend Fortyx80 Inc. Here is a summary of their reviews:
The overwhelming sentiment reflects a high level of satisfaction with the organization’s initiatives. Many users appreciate the positive impacts and outcomes that the nonprofit has achieved in its community. Although specific services or programs are not detailed in the available reviews, it is clear that supporters value the mission and dedication of Fortyx80 Inc.
Overall, the feedback indicates that Fortyx80 Inc successfully meets the expectations of its supporters, fostering a strong sense of trust and commitment among its community. The positive experiences shared reinforce the nonprofit's reputation and suggest a solid foundation for continued growth and support.
This AI summary has been generated from reviews found on Facebook.
Is Fortyx80 Inc legitimate?
Fortyx80 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fortyx80 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: $93,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $147,492
For more financial information, click here
Official website here: www.fortyx80.org
What is the mission statement of Fortyx80 Inc?
Fortyx80 Inc's mission is centered around boosting entrepreneurial growth. They achieve this by enhancing the entrepreneurial infrastructure in various ways. This includes expanding access to capital, providing educational programming, and promoting the region as an attractive hub for start-ups, talent, and technology. The organization's activities also extend to eliminating barriers faced by underrepresented tech individuals and offering employers a diverse talent pool through an IT apprenticeship program.
Official website here: www.fortyx80.org
Who is the CEO of Fortyx80 Inc?
Audrey Russo is the Board Chairman of Fortyx80 Inc. The CEO's salary of Fortyx80 Inc is $0 and their total compensation is $389,602.
Official website here: www.fortyx80.org
What is the revenue of Fortyx80 Inc?
Fortyx80 Inc's revenue in 2023 was $774,450.
Official website here: www.fortyx80.org
Who are the executives of Fortyx80 Inc and what are their salaries?
There 2 volunteers at Fortyx80 Inc.
Here are 7 key members and their salaries (Fortyx80 Inc's CEO's salary is $0 and their total compensation is $389,602):
- Compensation: $0
- 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: $366,598
- Other: $23,004
- Compensation: $0
- Related: $178,022
- Other: $21,741
- Compensation: $91,410
- Related: $0
- Other: $4,885
Official website here: www.fortyx80.org
Where can I find the form 990 for Fortyx80 Inc?
Fortyx80 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fortyx80.org
Learn more at the official website: www.fortyx80.org
Mission Statement of Fortyx80 Inc
Fortyx80 Inc, a nonprofit organization, is committed to fostering the growth of entrepreneurs in southwestern Pennsylvania. This is achieved by enhancing the region's entrepreneurial ecosystem through increased access to capital, educational programming, and promoting southwestern Pennsylvania as a premier location for start-ups, talent, and technology. By addressing these key areas, Fortyx80 Inc aims to empower entrepreneurs, breaking down barriers and providing opportunities for individuals from underrepresented groups in the tech sector. Additionally, the organization runs an apprenticeship program specifically designed for tech-interested individuals from underrepresented backgrounds. This initiative not only eliminates common barriers faced by these individuals but also offers employers access to a wider, more diverse talent pool.
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Impact
July, 2024
Fortyx80 Inc's impact lies in catapulting the growth of entrepreneurs across Southwestern Pennsylvania. By offering an IT apprenticeship program that eliminates barriers commonly faced by tech-interested individuals from underrepresented groups, they are able to provide employers with access to a wider, more diverse talent base. Through their efforts, Fortyx80 Inc is strengthening the region's entrepreneurial framework by increasing access to capital, providing educational programming, and promoting Southwestern Pennsylvania globally as a premier location for startups, talent, and technology. Their focus on community improvement is evident in their mission to support and empower entrepreneurs in the region.
This information is meant to be a general summary of Fortyx80 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 2023.
- Gross Receipts: $774,450
Assets and Liabilities:
- Total Assets: $487,498
- Total Liabilities: $109,754
- Net Assets: $377,744
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Organization Details
Founding Year
2012
Phone
(412) 687-2700Principal Officer
Audrey Russo
Main Address
100 S COMMONS SUITE 172, PITTSBURGH, PA, 15212
Website
www.fortyx80.orgNTEE Category
Code: S31 - Community improvement
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