Overview
What is Project Invent?
Project Invent is a nonprofit organization located in San Francisco, California. Their primary focus is to equip students with essential 21st-century skills, enabling them to thrive individually and contribute positively to society. They achieve this mission by encouraging invention for social good. The organization supports and trains teachers in over 50 schools, impacting over 800 students directly. They also host Demo Days, providing a platform for students to showcase their inventions to prominent investors and tech executives. Additionally, Project Invent has published a curriculum and resources that are now being utilized in over 3000 classrooms across various locations. With a team of nine dedicated individuals, they are committed to fostering innovation and empowerment among the youth.
Official website here: www.projectinvent.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Project Invent has demonstrated a solid performance overall, earning an 80% rating from Charity Navigator, which indicates good financial health and accountability practices. The organization excels in areas such as culture and community, leadership and adaptability, both scoring a perfect 100. However, its Accountability & Finance score of 73 shows there are areas for improvement in financial management practices, particularly regarding the absence of certain governance policies.
Strengths of Project Invent include a strong commitment to equity strategies and evidence of investment in leadership development, reflecting a robust approach to fostering inclusive practices and capacity building. The organization boasts 100% independent board members and effective feedback mechanisms, leading to a well-rounded governance structure. These factors contribute positively to its operational effectiveness and community impact.
Despite its strengths, the organization has notable limitations in its governance policies, specifically the lack of a whistleblower policy and a document retention policy, which could raise concerns for potential transparency issues. Addressing these gaps would enhance Project Invent's overall accountability and strengthen its standing among donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Project Invent?
While Project Invent currently has only two reviews on Facebook and is not rated, the available feedback provides a glimpse into the organization's mission and impact. One of the reviewers encourages potential inventors, stating "Invent!!! Just do it. Inventors are born, not created," suggesting an empowering and enthusiastic outlook towards innovation and creativity fostered by the nonprofit.
Although the quantity of feedback is limited, the positive sentiment expressed indicates that those familiar with Project Invent appreciate the encouragement and motivation it offers to aspiring inventors. The organization seems to resonate well with individuals who value creativity and the development of inventive skills.
In summary, Project Invent appears to inspire and promote innovation among its participants, hinting at a supportive environment for budding inventors.
This AI summary has been generated from reviews found on Facebook.
Is Project Invent legitimate?
Project Invent is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Invent 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: $155,131
Professional Fundraising Fees: $0
Other Salaries and Wages: $633,388
For more financial information, click here
Official website here: www.projectinvent.org
What is the mission statement of Project Invent?
Project Invent's mission is centered around empowering students with the necessary 21st-century skills to thrive individually and make a significant impact globally. This is achieved through the promotion of invention for social good. The organization strives to equip students with these skills, enabling them to excel and contribute positively to society. They accomplish this by supporting teachers in implementing the Project Invent program in various schools and engaging 800+ students. Furthermore, Project Invent hosts Demo Days, providing students the opportunity to showcase their inventions to prominent investors and tech executives. Additionally, they share their curriculum and resources, which are now used in over 3000 classrooms worldwide.
Official website here: www.projectinvent.org
Who is the CEO of Project Invent?
Jax Chaudhry is the Executive Dir. of Project Invent.
Official website here: www.projectinvent.org
What is the revenue of Project Invent?
Project Invent's revenue in 2023 was $1,138,802.
Official website here: www.projectinvent.org
Who are the executives of Project Invent and what are their salaries?
The average compensation at Project Invent during 2023 was $87,613. There are 9 employees and 214 volunteers at Project Invent.
Here are 13 key members and their salaries:
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Official website here: www.projectinvent.org
Where can I find the form 990 for Project Invent?
Project Invent's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.projectinvent.org
Learn more at the official website: www.projectinvent.org
Mission Statement of Project Invent
Project Invent, as a nonprofit organization, is dedicated to empowering students with the essential 21st-century skills necessary for personal success and global impact. This is achieved through a mission focused on invention for social good. By fostering this innovative mindset, Project Invent aims to equip students with the tools they need to make a difference in their communities and beyond. The organization accomplishes this mission by supporting teachers in implementing its program across multiple schools, providing opportunities for students to showcase their inventions to industry leaders, and disseminating curriculum and resources for use in various classrooms.
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Impact
July, 2024
Project Invent has empowered hundreds of students with the 21st-century skills needed to succeed on a global scale through their invention for social good programs. They have trained teachers at over 50 schools, impacting over 800 students directly. Additionally, their Demo Days have provided a platform for students to present their inventions to top investors and tech executives, further amplifying their impact. With curriculum and resources utilized in over 3000 classrooms, Project Invent is making a significant contribution to fostering innovation and social impact among the next generation.
This information is meant to be a general summary of Project Invent. 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: $11,101
- Program Service Revenue: $19,950
- Gross Receipts: $1,158,977
Assets and Liabilities:
- Total Assets: $845,763
- Total Liabilities: $300,772
- Net Assets: $544,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Registration Fees
Revenue
$19,950
Organization Details
Founding Year
2018
Phone
(510) 371-5425Principal Officer
Jax Chaudhry
Main Address
2261 Market St STE 4624, San Francisco, CA, 94114
Website
www.projectinvent.orgNTEE Category
Code: U99 - Science research
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