Overview
What is Identity Technologies Inc?
Identity Technologies Inc is a California-based nonprofit organization situated in San Diego, with a mission to establish a self-sustaining, merit-based identity marketplace. Their primary objective is to develop low-cost, digital identifications, thereby reducing the expense of identity verifications. This innovative approach also aims to generate job opportunities and improve the overall quality of this marketplace. The organization's work is focused on creating a self-sufficient new identity economy, benefiting individuals worldwide.
Official website here: www.identity.com
Is Identity Technologies Inc legitimate?
Identity Technologies Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Identity Technologies 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: $403,314
Professional Fundraising Fees: $0
Other Salaries and Wages: $544,750
For more financial information, click here
Official website here: www.identity.com
What is the mission statement of Identity Technologies Inc?
Identity Technologies Inc's mission is centered around establishing a self-sustaining identity economy. Their primary objective is to introduce low-cost digital identifications globally, thereby expanding job opportunities. Additionally, they aim to decrease the expense associated with identity verification while improving the quality of this merit-based marketplace. In essence, their goal is to establish a self-sovereign identity marketplace that enables the creation of affordable digital identifications, fostering job growth and lowering the cost of verification processes.
Official website here: www.identity.com
Who is the CEO of Identity Technologies Inc?
Phillip Shoemaker is the Executive Director/Sec of Identity Technologies Inc.
Official website here: www.identity.com
What is the revenue of Identity Technologies Inc?
Identity Technologies Inc's revenue in 2022 was $104,503.
Official website here: www.identity.com
Who are the executives of Identity Technologies Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $301,694
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $71,500
- Related: $0
- Other: $0
- Compensation: $30,120
- Related: $0
- Other: $0
Official website here: www.identity.com
Where can I find the form 990 for Identity Technologies Inc?
Identity Technologies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.identity.com
Learn more at the official website: www.identity.com
Mission Statement of Identity Technologies Inc
Identity Technologies Inc is dedicated to establishing a self-sustaining new identity economy. Their mission revolves around bringing low-cost digital identifications to the global market, thereby increasing job opportunities and reducing the cost of identity verification. By doing so, they aim to create a merit-based marketplace of high quality, ensuring that this self-sovereign identity marketplace is self-sufficient. The ultimate goal is to create a more efficient and equitable system for identity verification, leveraging technology to make the process more accessible and affordable for all.
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Impact
October, 2024
Identity Technologies Inc is poised to revolutionize the landscape of digital identity through the establishment of a self-sustaining, self-sovereign identity marketplace. By driving down the costs associated with digital identifications, the organization enables broader access to identity solutions across diverse populations. This not only facilitates the creation of low-cost identification but also enhances job opportunities in the sector, thereby stimulating economic growth.
Furthermore, the organization's focus on reducing the costs of identity verifications contributes to greater efficiency and accessibility, allowing individuals and businesses to navigate identity-related processes more smoothly. By promoting a merit-based marketplace, Identity Technologies Inc helps ensure that quality remains a priority, ultimately fostering trust and reliability in digital identity systems. This holistic approach positions Identity Technologies Inc as a key player in creating lasting, positive change in the identity economy.
This information is meant to be a general summary of Identity Technologies 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.
- Investment Income: $57,600
- Gross Receipts: $104,503
Assets and Liabilities:
- Total Assets: $4,320,353
- Total Liabilities: $4,392,178
- Net Assets: -$71,825
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Organization Details
Founding Year
2019
Phone
(415) 235-5165Principal Officer
Phillip Shoemaker
Main Address
237 A STREET 81914, SAN DIEGO, CA, 92101
Website
www.identity.comNTEE Category
Code: Z99 - Unknown
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