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Tesseract Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 800378174 ✦ Washington, DC ✦ Designated as a 501(c)(4)

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Overview

What is Tesseract Inc?

Tesseract Inc, a nonprofit organization situated in Washington D.C., is committed to promoting and advocating for knowledge on social and political issues. Their mission is centered around reforming the tax system, labor policies, and democratic processes to establish a more stable, prosperous, and inclusive nation. Tesseract Inc acts as a voice in Congress, advocating for changes that align with their vision. Their work is dedicated to preserving and perfecting democratic capitalism.


Official website here: www.patrioticmillionaires.org

Is Tesseract Inc legitimate?

Tesseract Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Tesseract 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: $177,656
Professional Fundraising Fees: $0
Other Salaries and Wages: $765,238

For more financial information, click here


Official website here: www.patrioticmillionaires.org

What is the mission statement of Tesseract Inc?

Tesseract Inc, as a non-profit organization, is committed to advocating for societal and political issues with a focus on preserving and enhancing democratic capitalism. They aim to achieve this by reforming the tax system, labor policies, and democratic processes. Tesseract Inc also engages in lobbying efforts to help enact policies that will contribute to a more stable, prosperous, and inclusive nation. Their activities are further supported by Patriotic Millionaires, an affiliate group that organizes politically to advocate for these reforms.


Official website here: www.patrioticmillionaires.org

Who is the CEO of Tesseract Inc?

Erica Payne is the President of Tesseract Inc.


Official website here: www.patrioticmillionaires.org

What is the revenue of Tesseract Inc?

Tesseract Inc's revenue in 2022 was $1,106,509.


Official website here: www.patrioticmillionaires.org

Who are the executives of Tesseract Inc and what are their salaries?

There 4 volunteers at Tesseract Inc.


Here are 6 key members and their salaries:


Erica Payne (President)
  • Compensation: $120,000
  • Related: $180,000
  • Other: $24,699
Chloe Magalhaes (Treasurer/Secretary)
  • Compensation: $71,834
  • Related: $107,077
  • Other: $19,228
Morris Pearl (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Partone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Collins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Prince (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.patrioticmillionaires.org

Where can I find the form 990 for Tesseract Inc?

Tesseract Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.patrioticmillionaires.org

Learn more at the official website: www.patrioticmillionaires.org

Mission Statement of Tesseract Inc

Tesseract Inc, a non-profit organization, is committed to advocating for changes in social and political issues with a focus on fostering and promoting knowledge. At its core, Tesseract Inc aims to preserve and enhance democratic capitalism by reforming the tax system, labor policies, and democratic processes. This mission is carried out through the efforts of Patriotic Millionaires, an initiative within Tesseract Inc. The Patriotic Millionaires group works politically and lobbies Congress to enact reforms that will contribute to a more stable, prosperous, and inclusive nation.

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Impact




October, 2024

Tesseract Inc plays a significant role in shaping public discourse and advocating for key social and political issues. By focusing on the promotion of democratic capitalism, the organization seeks to enact reforms that enhance the stability and inclusivity of the nation. One of its notable initiatives is the "Patriotic Millionaires," which mobilizes wealthy individuals to lobby Congress for changes in tax systems, labor policies, and democratic processes. This involvement not only amplifies the voices of those advocating for change but also fosters a more engaged citizenry dedicated to addressing critical societal challenges. Through its efforts, Tesseract Inc contributes to the ongoing dialogue surrounding civil rights and economic equity, encouraging a more prosperous future for all.




This information is meant to be a general summary of Tesseract 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.

Revenue
$1,106,509 (2022)
Expenses
$1,322,728 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,106,509

Assets and Liabilities:

  • Total Assets: $123,537
  • Total Liabilities: $227,002
  • Net Assets: -$103,465

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Organization Details

Founding Year

2009

Principal Officer

Erica Payne

Main Address

1629 K STREET NW NO 300, WASHINGTON, DC, 20006

NTEE Category

Code: R99 - Civil rights

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