Overview
What is P33?
P33 is a nonprofit organization situated in Chicago, Illinois, with the address 1234 W FULTON MARKET, 60607. Their primary focus is on closing gaps in the startup ecosystem, specifically supporting entrepreneurs in the fields of hard tech, growth stage, and diverse communities. Collaborating with local Chicago communities, they aim to establish their region as a global tech leader, promoting an inclusive economic growth where everyone can prosper. P33 employs a team of 18 individuals dedicated to this mission.
Official website here: www.p33chicago.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
P33 has achieved an impressive 97% rating from Charity Navigator, reflecting a strong commitment to accountability and financial stewardship. The organization boasts a fully independent board with 26 members, and they have demonstrated excellent financial practices, including no material diversion of assets and a low liabilities to assets ratio. Their program expense ratio of 81.53% indicates that a significant portion of their resources is dedicated to their mission-driven activities.
In addition to financial health, P33 has garnered praise for its leadership and adaptability. The organization has a complete score for leadership and adaptability, showcasing their investment in leadership development and strategic responses to challenges, such as those posed by the COVID-19 pandemic. This level of responsiveness underscores their commitment to continuous improvement and effective governance.
Overall, P33 stands out as a well-managed nonprofit that prioritizes transparency and effective mission delivery. There are no noted limitations in the data that would raise concerns about their operations, indicating a solid foundation for future growth and impact.
This AI summary has been generated from information found on Charity Navigator.
Is P33 legitimate?
P33 is a legitimate nonprofit organization registered as a 501(c)(3) entity. P33 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: $827,843
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,691,575
For more financial information, click here
Official website here: www.p33chicago.com
What is the mission statement of P33?
P33, an organization focused on technology and innovation, seeks to transform a region into a leading tech hub, promoting inclusive economic growth. They collaborate with communities to achieve this goal. In terms of ventures and founders, P33 works to bridge gaps in startup development, particularly in hard tech, growth-stage companies, and diverse communities.
Official website here: www.p33chicago.com
Who is the CEO of P33?
Brad Henderson is the Director of P33. The CEO's salary of P33 is $510,319 and their total compensation is $556,399.
Official website here: www.p33chicago.com
What is the revenue of P33?
P33's revenue in 2022 was $3,440,251.
Official website here: www.p33chicago.com
Who are the executives of P33 and what are their salaries?
The average compensation at P33 during 2022 was $139,968. There are 18 employees and 50 volunteers at P33.
Here are 28 key members and their salaries (P33's CEO's salary is $510,319 and their total compensation is $556,399):
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- Compensation: $510,319
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- Compensation: $147,114
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- Other: $26,525
Official website here: www.p33chicago.com
Where can I find the form 990 for P33?
P33's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.p33chicago.com
Learn more at the official website: www.p33chicago.com
Mission Statement of P33
P33, a collaborative organization, aims to transform a city into a leading technology and innovation hub. Their mission is to elevate Chicago to a tier one status in the technological realm, concurrently promoting inclusive economic growth. By working closely with local communities, P33 strives to bridge startup gaps, ensuring that entrepreneurs in various sectors, including hard tech and diverse communities, receive the support they need during their growth stages.
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Impact
July, 2024
P33's impact can be seen in its efforts to transform Chicago into a tier one technology and innovation hub. By working collaboratively with communities, P33 aims to make the region a global tech leader where all people can thrive. Through supporting entrepreneurs in hard tech, growth stage, and diverse communities, P33 contributes to closing startup gaps and promoting inclusive economic growth. This initiative not only fosters innovation and entrepreneurship but also benefits the overall community by creating opportunities for economic development and advancement.
This information is meant to be a general summary of P33. 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.
- Investment Income: $3,080
- Gross Receipts: $3,440,251
Assets and Liabilities:
- Total Assets: $9,667,963
- Total Liabilities: $348,182
- Net Assets: $9,319,781
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Organization Details
Founding Year
2019
Phone
(312) 853-1200Principal Officer
Brad Henderson
Main Address
1234 W FULTON MARKET, CHICAGO, IL, 60607
Website
www.p33chicago.comNTEE Category
Code: S30 - Community improvement
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