Overview
What is Pandolabs?
Pandolabs is a nonprofit organization situated in Park City, Utah. Their primary focus lies in supporting emerging companies and organizations within the startup ecosystem. Through education, coaching, and mentoring, they work with over 50 individuals representing more than 15 entities to foster their success. Their mission is to empower entrepreneurs, mentors, government entities, and like-minded non-governmental organizations to collaborate and share knowledge, aiming to strengthen and diversify the economy in the Wasatch Back region. This collaboration helps to create a supportive network for startups, ultimately contributing to local economic growth.
Official website here: www.pandolabs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Pandolabs has received a 76% score from Charity Navigator, which translates to a Three-Star rating, indicating a fair performance in terms of accountability and finance. The organization boasts a fully independent board with 100% independent members, demonstrating strong governance through effective oversight. Additionally, it has a high program expense ratio of 94.53%, signifying that a significant portion of its funds is directed towards its programs rather than administrative costs.
Despite its strengths, there are some notable deficiencies in Pandolabs' operational policies. The absence of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy has resulted in a lower score in the accountability category. These missing elements could raise concerns regarding transparency and ethical practices.
Overall, while Pandolabs demonstrates strong financial management and governance with an independent board and high program spending, the lack of essential operational policies may warrant attention for potential improvements in accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Pandolabs legitimate?
Pandolabs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pandolabs 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.
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Official website here: www.pandolabs.org
What is the mission statement of Pandolabs?
Pandolabs' mission is centered around empowering entrepreneurs, mentors, government entities, and like-minded non-governmental organizations to collaborate and share knowledge. The primary objective is to strengthen and diversify the economy. Their activities involve facilitating collaboration and knowledge sharing among these groups, with a focus on education, coaching, and mentoring young companies to help them succeed. In the past year, they have worked with over 50 individuals representing over 15 companies and organizations within the startup ecosystem.
Official website here: www.pandolabs.org
Who is the CEO of Pandolabs?
Andrea Guthrie is the Board Chair of Pandolabs.
Official website here: www.pandolabs.org
What is the revenue of Pandolabs?
Pandolabs's revenue in 2022 was $60,664.
Official website here: www.pandolabs.org
Who are the executives of Pandolabs and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.pandolabs.org
Where can I find the form 990 for Pandolabs?
Pandolabs's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pandolabs.org
Learn more at the official website: www.pandolabs.org
Mission Statement of Pandolabs
Pandolabs, as a nonprofit organization, is dedicated to empowering various entities, including entrepreneurs, mentors, government entities, and like-minded non-governmental organizations. Their mission is to encourage collaboration and knowledge sharing, aiming to strengthen and diversify the economy in a specific region, referred to as the Wasatch Back. This mission is achieved by facilitating the exchange of ideas and expertise, thereby fostering a supportive ecosystem for startups and businesses. In the past year, Pandolabs has worked with over 50 individuals representing over 15 companies and organizations focused on the startup sector, demonstrating their commitment to this cause.
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Impact
August, 2024
Pandolabs empowers entrepreneurs, mentors, government entities, and like-minded NGOs to collaborate and share knowledge, thereby strengthening and diversifying the economy in the Wasatch Back. Through their focus on education, coaching, and mentoring young companies, they have supported over 50 individuals representing more than 15 companies and organizations in the startup ecosystem. Their impact lies in fostering innovation, growth, and sustainability within the local entrepreneurial community.
This information is meant to be a general summary of Pandolabs. 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: $60,664
Assets and Liabilities:
- Total Assets: $25,686
- Total Liabilities: $0
- Net Assets: $25,686
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Organization Details
Phone
(435) 962-0126Principal Officer
Andrea Guthrie
Main Address
PO BOX 982636, PARK CITY, UT, 84098
Website
www.pandolabs.orgNTEE Category
Code: Z99 - Unknown
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