Overview
What is Permrecord Foundation?
The Permrecord Foundation, situated in Austin, Texas, is a dedicated nonprofit organization. Its primary objective is to establish and manage an online archive, where the personal records and memories of everyday individuals can be stored and preserved for future generations. This digital legacy project is not exclusive to prominent or wealthy individuals, making it a universal effort for historical and educational purposes. The foundation employs a team of eight individuals, committed to this noble cause.
Official website here: www.permanent.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating). The Permrecord Foundation has received a mixed evaluation, with a score of 73% overall. This rating indicates that while the organization demonstrates some strong governance practices, there are significant deficiencies in financial transparency and reporting, which are critical for donor trust and accountability.
The foundation has excelled in areas such as having a majority independent board and a favorable liabilities to assets ratio. Specifically, it scored full points for its independent board size and the percentage of independent members, indicating a strong governance structure. Additionally, it maintains a high program expense ratio, suggesting that a substantial portion of its budget is dedicated to its programs, which is a positive sign for supporters.
However, the organization has serious limitations in financial reporting, receiving no points for financial statements and certain compliance policies, such as the whistleblower and document retention policies. This lack of transparency raises concerns for potential donors regarding how funds are managed and reported. Overall, while the Permrecord Foundation has strong programmatic spending, it needs to address its financial reporting issues to improve its overall accountability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Permrecord Foundation legitimate?
Permrecord Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Permrecord Foundation 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: $151,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $622,840
For more financial information, click here
Official website here: www.permanent.org
What is the mission statement of Permrecord Foundation?
The Permrecord Foundation's mission is centered around preserving and ensuring the perpetual accessibility of the digital legacies of all individuals. This is done with the intention of benefiting future generations for historical and educational purposes. The foundation has established a platform where personal records and memories of everyday people can be uploaded and archived online, regardless of their prominence or wealth. This initiative aims to safeguard these digital assets for posterity, contributing significantly to historical and educational resources for future generations.
Official website here: www.permanent.org
What is the revenue of Permrecord Foundation?
Permrecord Foundation's revenue in 2023 was $1,197,502.
Official website here: www.permanent.org
Who are the executives of Permrecord Foundation and what are their salaries?
The average compensation at Permrecord Foundation during 2023 was $85,984. There are 9 employees and 20 volunteers at Permrecord Foundation.
Here are 10 key members and their salaries:
- Compensation: $152,176
- Related: $0
- Other: $10,966
- Compensation: $142,048
- Related: $0
- Other: $13,069
- Compensation: $136,972
- Related: $0
- Other: $10,866
- Compensation: $106,797
- Related: $0
- Other: $6,545
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.permanent.org
Where can I find the form 990 for Permrecord Foundation?
Permrecord Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.permanent.org
Learn more at the official website: www.permanent.org
Mission Statement of Permrecord Foundation
The Permrecord Foundation, in its mission, is dedicated to preserving and ensuring the perpetual accessibility of the digital legacies of all individuals for the educational and historical benefits of future generations. This nonprofit organization has established a platform for the online archiving of personal records and memories, irrespective of an individual's prominence or financial standing. By doing so, the Permrecord Foundation aims to safeguard the digital legacy of everyday people, providing a valuable resource for generations to come.
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Impact
July, 2024
Permrecord Foundation's impact lies in its mission to preserve and provide perpetual access to the digital legacy of all people for the historical and educational benefit of future generations. By creating a mechanism for everyday citizens to upload their personal records and memories to online archives, the Foundation ensures that individuals' legacies are maintained for posterity, irrespective of their prominence or wealth. Through this initiative, Permrecord Foundation contributes to the enrichment of historical and educational resources for future generations, ultimately leaving a lasting impact on society's collective memory and understanding of diverse personal narratives.
This information is meant to be a general summary of Permrecord Foundation. 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.
- Investment Income: $10,247
- Program Service Revenue: $25,109
- Gross Receipts: $1,197,502
Assets and Liabilities:
- Total Assets: $729,412
- Total Liabilities: $266,871
- Net Assets: $462,541
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other program revenues
Revenue
$295
Storage fees
Revenue
$24,814
Organization Details
Founding Year
2015
Principal Officer
Robert Friedman
Website
www.permanent.orgNTEE Category
Code: A50 - Arts
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