Overview
What is Philanthropy Tank Inc?
Philanthropy Tank Inc, a nonprofit based in Boca Raton, Florida, is dedicated to nurturing emerging change leaders among youth. This organization, often referring to its young participants as Positively Disruptive CHANGEmakers, encourages students to identify and address societal issues within their community. Philanthropy Tank provides a platform for these students, challenging, empowering, and equipping them to create and implement sustainable initiatives. To fuel these projects, the nonprofit welcomes philanthropist-investors who fund these community endeavors. Through personal mentoring, these investors inspire the students, helping them execute their initiatives effectively and enhancing their capacity to bring about meaningful change. Philanthropy Tank's primary objective is to shape the leadership trajectories of these students and, in doing so, contribute to addressing and improving social issues within their communities. With a team of five dedicated individuals, Philanthropy Tank Inc is committed to fostering positive change in society.
Official website here: www.philanthropytank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating
Philanthropy Tank Inc has earned an 82% score, reflecting a solid Three-Star rating. This rating indicates that the organization demonstrates a reasonable level of accountability and finance management, scoring 82 in this area. The organization also shows a commitment to fostering a positive culture and community, with a score of 79.
The strong accountability and finance score suggests that Philanthropy Tank Inc effectively manages its resources and adheres to best practices in financial reporting. Additionally, the organization is actively implementing four equity practices, which demonstrates an intention to prioritize fairness and inclusiveness within its operations.
However, while the scores are generally positive, there is room for improvement in the culture and community score. This indicates that there may be aspects of community engagement or internal culture that could be enhanced to further strengthen the organization's overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Philanthropy Tank Inc legitimate?
Philanthropy Tank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philanthropy Tank 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: $232,726
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,932
For more financial information, click here
Official website here: www.philanthropytank.org
What is the mission statement of Philanthropy Tank Inc?
Philanthropy Tank Inc's mission is centered around empowering student leaders to bring about impactful and sustainable changes in their communities. They achieve this by encouraging the development of service-oriented programs. The organization serves as a platform for fostering and inspiring the next generation of change-makers, often referred to as Positively Disruptive CHANGEmakers. These students are tasked with identifying social issues within their community and are challenged to develop and execute sustainable solutions to these problems. Philanthropist-investors provide funding for these initiatives, offering one-on-one mentorship to help students execute their projects effectively and enhance their ability to make meaningful changes. Ultimately, Philanthropy Tank aims to shape the leadership paths of these students and contribute to the improvement of social issues through their innovative solutions.
Official website here: www.philanthropytank.org
Who is the CEO of Philanthropy Tank Inc?
Evan C Deoul is the Director of Philanthropy Tank Inc.
Official website here: www.philanthropytank.org
What is the revenue of Philanthropy Tank Inc?
Philanthropy Tank Inc's revenue in 2022 was $501,390.
Official website here: www.philanthropytank.org
Who are the executives of Philanthropy Tank Inc and what are their salaries?
The average compensation at Philanthropy Tank Inc during 2022 was $64,932. There are 5 employees and 1000 volunteers at Philanthropy Tank Inc.
Here are 7 key members and their salaries:
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- Compensation: $123,344
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- Compensation: $38,443
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Official website here: www.philanthropytank.org
Where can I find the form 990 for Philanthropy Tank Inc?
Philanthropy Tank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philanthropytank.org
Learn more at the official website: www.philanthropytank.org
Mission Statement of Philanthropy Tank Inc
Philanthropy Tank, Inc. is an organization dedicated to empowering student leaders to bring about significant and sustainable change in their communities. Its mission revolves around fostering the development of service-driven programs, enabling these young change-makers to tackle pressing social issues that affect their communities. By providing a platform for students to identify and address these challenges, Philanthropy Tank encourages and equips them with the necessary tools and resources to develop and implement long-term solutions.
The organization serves as a catalyst for nurturing future leaders, which it refers to as Positively Disruptive CHANGEmakers. These students are not only provided with the financial support they need to execute their community projects through philanthropic investments, but they also receive guidance and mentorship from experienced philanthropists. This one-to-one mentoring not only fuels the students' passion for making a difference but also enhances their ability to create meaningful change. Ultimately, the aim of Philanthropy Tank is to shape the leadership paths of these students, enabling them to address and improve social issues in their communities.
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Impact
July, 2024
Philanthropy Tank Inc, through its Philanthropy Tank program, has a significant impact on empowering youth to become Positively Disruptive CHANGEmakers. By challenging, empowering, and equipping students to develop and execute sustainable initiatives addressing social issues in their community, Philanthropy Tank is shaping the leadership paths of these students. Furthermore, the program's model of having philanthropist-investors fund student initiatives and provide one-to-one mentoring not only fuels the students' desires but also increases their ability to make meaningful change. Overall, Philanthropy Tank Inc is fueling and inspiring the next generation of leaders who are actively working to improve their communities.
This information is meant to be a general summary of Philanthropy Tank 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: $501,390
Assets and Liabilities:
- Total Assets: $256,371
- Total Liabilities: $203,213
- Net Assets: $53,158
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Organization Details
Founding Year
2013
Phone
(561) 910-3893Principal Officer
Evan C Deoul
Main Address
9858 Clint Moore Road C111 PMB 28, Boca Raton, FL, 33496
Website
www.philanthropytank.orgNTEE Category
Code: T50 - Philanthropy
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