Overview
What is Extreme Tech Challenge?
Extreme Tech Challenge (XTC) is a 501(C)(3) nonprofit organization based in Palo Alto, California. Dedicated to elevating the next generation of entrepreneurs, XTC supports innovative thinkers utilizing technology to tackle the world's most pressing challenges. Their competition attracts innovators from around the globe, focusing on the United Nations' Sustainable Development Goals. XTC connects these pioneers with a network of investors, corporations, and mentors to assist them in raising capital, launching corporate collaborations, and scaling their impactful startups. With a team of just two dedicated individuals, XTC is making a significant difference in the world by nurturing and showcasing technologies designed to benefit humanity and our planet.
Official website here: www.extremetechchallenge.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Extreme Tech Challenge has achieved a favorable score of 75%, reflecting solid accountability and financial health. The organization stands out with an entirely independent board, which enhances its governance structure. It also has robust policies in place, including conflict of interest and whistleblower policies, contributing positively to its transparency and operational integrity.
The charity's program expense ratio is notable at 65.09%, indicating that a significant portion of its resources is directed toward its programs. Furthermore, there are no reported issues regarding material diversion of assets, highlighting effective financial management. However, while the organization performs well overall, there is room for improvement in program expense allocation, which could enhance its effectiveness further.
This AI summary has been generated from information found on Charity Navigator.
Is Extreme Tech Challenge legitimate?
Extreme Tech Challenge is a legitimate nonprofit organization registered as a 501(c)(3) entity. Extreme Tech Challenge 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: $502,920
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.extremetechchallenge.org
What is the mission statement of Extreme Tech Challenge?
The Extreme Tech Challenge, a 501(c)(3) nonprofit organization, is committed to elevating the next generation of entrepreneurs who are developing innovative technologies to address the world's most significant challenges. By providing support and showcasing these innovators, XTC leverages the power of technology to make a positive impact on humanity and our planet. The organization hosts a startup competition, drawing from the United Nations Sustainable Development Goals, to connect innovators with a network of investors, corporations, and mentors, helping them secure funding, launch collaborations, and scale their world-changing startups.
Official website here: www.extremetechchallenge.org
What is the revenue of Extreme Tech Challenge?
Extreme Tech Challenge's revenue in 2024 was $768,566.
Official website here: www.extremetechchallenge.org
Who are the executives of Extreme Tech Challenge and what are their salaries?
The average compensation at Extreme Tech Challenge during 2024 was $251,460. There are 2 employees and 100 volunteers at Extreme Tech Challenge.
Here are 7 key members and their salaries:
- Compensation: $397,094
- Related: $0
- Other: $0
- Compensation: $105,826
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.extremetechchallenge.org
Where can I find the form 990 for Extreme Tech Challenge?
Extreme Tech Challenge's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.extremetechchallenge.org
Learn more at the official website: www.extremetechchallenge.org
Mission Statement of Extreme Tech Challenge
The Extreme Tech Challenge, a 501(C)(3) nonprofit organization, is dedicated to uplifting the upcoming generation of entrepreneurs who are pioneering innovative technologies and solutions to tackle the world's most pressing challenges. By supporting and showcasing these innovators, the Extreme Tech Challenge empowers them to harness the potential of technology and make a positive impact on humanity and our planet. The nonprofit's mission is to elevate these entrepreneurs, connecting them with a network of investors, corporations, and mentors, thereby enabling them to secure funding, forge corporate collaborations, and scale their world-altering startups.
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Impact
July, 2024
Extreme Tech Challenge's impact is evident in its unwavering dedication to elevating the next generation of entrepreneurs who are creating new technologies and innovations to benefit humankind. By supporting and showcasing innovators who harness the power of technology to address the greatest challenges facing humanity and our planet, Extreme Tech Challenge is fostering a culture of innovation and progress. Through its startup competition, which draws from the United Nations Sustainable Development Goals, Extreme Tech Challenge connects these visionaries with a network of investors, corporations, and mentors to help them raise capital, launch corporate collaborations, and scale their world-changing startups. The ripple effect of this support extends far beyond individual entrepreneurs, making a tangible difference in addressing global challenges and advancing scientific research.
This information is meant to be a general summary of Extreme Tech Challenge. 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 2024.
- Gross Receipts: $768,566
Assets and Liabilities:
- Total Assets: $508,211
- Total Liabilities: $4,149
- Net Assets: $504,062
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Organization Details
Founding Year
2019
Principal Officer
William Tai
Website
www.extremetechchallenge.orgNTEE Category
Code: U40 - Science research
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