Overview
What is Leaders In Tech Inc?
Leaders In Tech Inc is a nonprofit organization based in San Francisco, California, with a focus on empowering diverse leaders of high-growth tech companies. Their mission, as stated in Section 501c3 of the Internal Revenue Code, involves creating educational leadership programs and promoting gender equality within the tech startup sector. They run a 10-month fellowship program, which includes a retreat, monthly meetings, and peer learning groups for founders and executives. This intimate community encourages tech leaders to tackle their business challenges and develop interpersonal skills in a confidential setting. The program, led by renowned facilitators, aims to foster a diverse and values-aligned community of servant leaders. In 2022, Leaders In Tech received over 550 nominations and accepted 24 Fellows for the program that year. The organization currently employs a small team of 5 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Leaders In Tech Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 67%. This rating indicates that while the organization demonstrates some strengths in governance and financial health, there are significant areas requiring improvement, particularly in accountability and transparency.
One of the notable strengths of Leaders In Tech Inc is its governance structure, boasting a fully independent board with 100% independent members, which supports effective oversight. Additionally, the organization has a strong program expense ratio of 86.39%, indicating a focus on direct programmatic spending. However, the absence of financial statements on the nonprofit's website raises concerns about transparency.
Despite these strengths, the organization has several critical shortcomings, including missing conflict of interest and whistleblower policies, which are essential for maintaining ethical standards and accountability. The lack of a website listed on its tax form and missing documents such as tax forms and policy guidelines further detracts from its overall rating, signaling a need for greater transparency and adherence to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Leaders In Tech Inc legitimate?
Leaders In Tech Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leaders In Tech 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $447,020
For more financial information, click here
What is the mission statement of Leaders In Tech Inc?
Leaders In Tech Inc's mission is centered around developing educational leadership programs for executives in the tech startup sector. The primary objective is to foster initiatives promoting gender equality within this sector. Additionally, the organization engages in various charitable and educational activities, aligning with Section 501c3 of the Internal Revenue Code. The Leaders in Tech Fellows Program, a 10-month initiative, brings together diverse leaders of high-growth tech companies to address their business challenges in a confidential setting, assisting them in building internal and interpersonal capacities essential for high-performance leadership. The program aims to create an intimate community, promote interpersonal influence and skills, foster diversity, and build a values-aligned community of humanistic leaders. In 2022, Leaders in Tech accepted 24 Fellows into their program.
Who is the CEO of Leaders In Tech Inc?
Chase Adam is the Executive Director of Leaders In Tech Inc.
What is the revenue of Leaders In Tech Inc?
Leaders In Tech Inc's revenue in 2022 was $1,455,519.
Who are the executives of Leaders In Tech Inc and what are their salaries?
The average compensation at Leaders In Tech Inc during 2022 was $89,404. There are 5 employees and 4 volunteers at Leaders In Tech Inc.
Here are 2 key members and their salaries:
- Compensation: $108,283
- Related: $0
- Other: $0
- Compensation: $149,452
- Related: $0
- Other: $0
Where can I find the form 990 for Leaders In Tech Inc?
Leaders In Tech Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leaders In Tech Inc
Leaders In Tech Inc, a nonprofit organization, is dedicated to creating educational leadership programs for executives in the tech startup sector. The primary mission of this organization is to foster initiatives aimed at promoting gender equality within the tech startup sector. By providing these leaders with a platform, Leaders In Tech encourages them to collaborate and address the most pressing challenges and opportunities in their businesses. The organization aspires to cultivate an intimate community where these executives can openly communicate and forge deep relationships that will benefit them throughout their careers.
Leaders In Tech also strives to develop the interpersonal skills of its participants, enabling them to become more influential and effective leaders. The organization's mission is aligned with Section 501c3 of the Internal Revenue Code, which pertains to charitable and educational activities. By nurturing a diverse and values-aligned community of humanistic servant leaders, Leaders In Tech seeks to create a positive impact within the tech startup sector and beyond. In 2022, the organization received over 550 nominations, reviewed over 130, and ultimately admitted 24 fellows into its 10-month program.
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Impact
July, 2024
Leaders In Tech Inc's impact lies in creating a space for diverse leaders in the tech startup sector to come together and address their most pressing challenges and opportunities. By facilitating candid dialogue and fostering deep relationships, the organization enables participants to build the internal and interpersonal capacities necessary for high-performance leadership. Through its Fellows Program, Leaders In Tech Inc aims to support tech leaders in becoming more influential and skilled while also promoting diversity, values alignment, and community-minded servant leadership. This initiative not only benefits individual participants but also contributes to the overall advancement of leadership in the tech industry.
This information is meant to be a general summary of Leaders In Tech 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.
- Program Service Revenue: $1,280,767
- Gross Receipts: $1,455,519
Assets and Liabilities:
- Total Assets: $1,225,484
- Total Liabilities: $108,449
- Net Assets: $1,117,035
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIT Intensive Retreats for Executive Leaders Founders and Influencers
Revenue
$790,217
LIT Fellows Program
Revenue
$456,550
Programs Provided to Venture Capital Firms
Revenue
$34,000
Organization Details
Founding Year
2017
Principal Officer
Chase Adam
Main Address
5432 GEARY BOULEVARD 700, SAN FRANCISCO, CA, 94121
NTEE Category
Code: B03 - Education
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