Overview
What is The Patuxent Partnership Inc?
The Patuxent Partnership Inc, located in Lexington Park, Maryland, is a nonprofit organization that plays a pivotal role in fostering collaboration between government, academia, and the private sector. Their primary mission is to drive technological advancements in Southern Maryland through various initiatives. These initiatives encompass STEM-based educational programs, speaker series, and networking events that promote technological innovation. Additionally, they focus on science and technology transfer by facilitating the exchange of ideas, information, and data related to technologies. The organization also plays a significant role in workforce development, implementing an array of initiatives aimed at nurturing talent within the technology community. The Patuxent Partnership Inc has a team of 44 dedicated individuals who are committed to strengthening the technology sector in Southern Maryland.
Official website here: www.paxpartnership.org
What are the reviews and ratings of this charity?
The Patuxent Partnership Inc has received a four-star rating from Charity Navigator, reflecting a high level of accountability and financial management. With a score of 96%, the organization demonstrates strong governance practices, including a fully independent board, thorough financial oversight, and various policies that enhance transparency and integrity.
The evaluation highlights some significant strengths, such as an impressive program expense ratio of 88.20%, indicating that a large portion of their expenses directly supports their mission. The organization maintains a solid financial standing, as evidenced by a favorable liabilities-to-assets ratio and the absence of any material diversion of assets.
However, users at GreatNonprofits are currently not available, preventing a broader perspective on public sentiment toward the organization. Overall, the rating speaks highly of The Patuxent Partnership Inc's fiscal responsibility and operational standards, although stakeholders may benefit from additional insights from user experiences when they become accessible.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Patuxent Partnership Inc?
100% of 7 reviewers on Facebook recommend The Patuxent Partnership Inc. Here is a summary of their reviews:
Supporters express strong appreciation for the organization's role in fostering community connections. Reviewers highlight the nonprofit's commitment to uniting individuals and groups, emphasizing its positive impact on the local area. The sense of collaboration and support that The Patuxent Partnership Inc. promotes resonates well with patrons.
Overall, the sentiment is overwhelmingly positive, with users clearly valuing the networking opportunities and the supportive environment created by the organization. This commitment to community cohesion signifies that the nonprofit effectively delivers on its mission.
This AI summary has been generated from reviews found on Facebook.
Is The Patuxent Partnership Inc legitimate?
The Patuxent Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Patuxent Partnership 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: $177,891
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,603,938
For more financial information, click here
Official website here: www.paxpartnership.org
What is the mission statement of The Patuxent Partnership Inc?
The Patuxent Partnership Inc is committed to fostering the development of the technology community in various sectors by establishing collaborative initiatives between government, academia, and the private sector. Their mission includes advancing education through STEM-focused initiatives, promoting technology advancement through speaker programs and networking events, facilitating science and technology transfer through the exchange of ideas, information, and data, and encouraging workforce development through various initiatives. By bringing together key economic drivers, they aim to foster cooperation and collaboration among these sectors, contributing to collective growth and betterment.
Official website here: www.paxpartnership.org
Who is the CEO of The Patuxent Partnership Inc?
Doug Belvin is the President of The Patuxent Partnership Inc.
Official website here: www.paxpartnership.org
What is the revenue of The Patuxent Partnership Inc?
The Patuxent Partnership Inc's revenue in 2023 was $7,486,941.
Official website here: www.paxpartnership.org
Who are the executives of The Patuxent Partnership Inc and what are their salaries?
The average compensation at The Patuxent Partnership Inc during 2023 was $108,678. There are 44 employees and 25 volunteers at The Patuxent Partnership Inc.
Here are 24 key members and their salaries:
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- Compensation: $191,660
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- Compensation: $191,660
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- Other: $12,590
Official website here: www.paxpartnership.org
Where can I find the form 990 for The Patuxent Partnership Inc?
The Patuxent Partnership Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.paxpartnership.org
Learn more at the official website: www.paxpartnership.org
Mission Statement of The Patuxent Partnership Inc
The Patuxent Partnership Inc is a dedicated organization that works towards fostering the development of the technology community in southern Maryland. This is achieved by partnering with government, academia, and the private sector. The nonprofit's mission is to advance education in STEM (Science, Technology, Engineering, and Mathematics) through various initiatives, promote technology through speaker programs and networking events, facilitate science and technology transfer by exchanging ideas, information, and data related to technologies, and encourage workforce development through a range of initiatives. The Patuxent Partnership Inc serves as a platform for cooperation and collaboration among academia, private industry, and government, bringing together the key economic drivers in southern Maryland to collaborate for mutual growth and the betterment of all.
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Impact
July, 2024
The Patuxent Partnership Inc's impact can be seen in its dedication to the development of the technology community in Southern Maryland. By fostering cooperation and collaboration among academia, private industry, and government, The Patuxent Partnership plays a crucial role in advancing education through STEM initiatives, promoting technology through speaker programs and networking, facilitating science and technology transfer, and enhancing workforce development in the region. This nonprofit organization serves as a catalyst for growth and innovation by bringing together key economic drivers to work towards the betterment of Southern Maryland.
This information is meant to be a general summary of The Patuxent Partnership 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.
- Investment Income: $35,406
- Program Service Revenue: $7,351,710
- Gross Receipts: $7,486,941
Assets and Liabilities:
- Total Assets: $3,938,081
- Total Liabilities: $1,571,027
- Net Assets: $2,367,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IPA REVENUE
Revenue
$6,044,513
PROGRAM SERVICES
Revenue
$1,104,187
MEMBERSHIP DUES
Revenue
$133,154
EVENT REVENUE
Revenue
$69,856
Organization Details
Founding Year
1997
Phone
(301) 866-1739Principal Officer
Doug Belvin
Main Address
22335 EXPLORATION DRIVE STE 1035, LEXINGTON PARK, MD, 20653
Website
www.paxpartnership.orgNTEE Category
Code: U20 - Science research
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