Overview
What is Griptape Org Inc?
Griptape Org Inc, based in Rhinebeck, New York, is a nonprofit organization committed to empowering underprivileged teenagers aged 14-19. Their unique 10-week program provides young individuals with full decision-making authority, financial resources, and a dedicated mentor who believes in their potential. This supportive environment allows these young people to pursue their passions on their terms, fostering critical thinking, skills, and behaviors essential for personal growth. GripTape's mission is to offer resources, respect, and authority to teenagers, enabling them to design and execute personal learning projects outside of school, thereby paving the way for their success. The organization currently employs 7 individuals.
Official website here: www.griptape.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 92% , Four-Star out of Four Starsr-Star
Griptape Org Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The charity's overall score is based entirely on its Accountability & Finance beacon, where it achieved a remarkable score of 92%. This indicates a robust financial health and transparency within the organization, which is crucial for donor confidence.
One of the organization’s notable strengths is its governance structure, as evidenced by having a fully independent board comprised of five members. The charity also demonstrates sound financial practices, with no material diversion of assets and a low liabilities-to-assets ratio of 3.69%. Additionally, their program expense ratio stands at 70.68%, showcasing that a significant portion of their funds is directed towards programmatic efforts rather than administrative costs.
While the data presented highlights many strengths, there are no specific limitations or concerns noted in the feedback. This strong performance in various accountability metrics suggests that Griptape Org Inc is effectively managing its resources and adhering to best practices in governance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Griptape Org Inc legitimate?
Griptape Org Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Griptape Org 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: $466,957
Professional Fundraising Fees: $0
Other Salaries and Wages: $287,270
For more financial information, click here
Official website here: www.griptape.org
What is the mission statement of Griptape Org Inc?
GripTape Org Inc's mission is centered around providing young teenagers with opportunities to pursue their interests, fostering a sense of authority and respect. Their mission statement, in essence, aims to equip these teenagers with resources and support, enabling them to design and execute a learning project that aligns with their vision and goals. Through their programs, GripTape Org Inc offers a 10-week experience where under-resourced young individuals have full decision-making authority, financial resources, and a mentor who believes in their potential, helping them reflect on their ideas, actions, and decisions. This unique approach empowers young people, putting them in the driver's seat, and aids in developing critical mindsets, skills, and behaviors, ultimately helping them chart their course into young adulthood.
Official website here: www.griptape.org
Who is the CEO of Griptape Org Inc?
Mark Murphy is the President of Griptape Org Inc. The CEO's salary of Griptape Org Inc is $201,356 and their total compensation is $235,738.
Official website here: www.griptape.org
What is the revenue of Griptape Org Inc?
Griptape Org Inc's revenue in 2022 was $3,105,573.
Official website here: www.griptape.org
Who are the executives of Griptape Org Inc and what are their salaries?
The average compensation at Griptape Org Inc during 2022 was $107,747. There are 7 employees and 5 volunteers at Griptape Org Inc.
Here are 7 key members and their salaries (Griptape Org Inc's CEO's salary is $201,356 and their total compensation is $235,738):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $196,539
- Related: $0
- Other: $34,680
- Compensation: $201,356
- Related: $0
- Other: $34,382
Official website here: www.griptape.org
Where can I find the form 990 for Griptape Org Inc?
Griptape Org Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.griptape.org
Learn more at the official website: www.griptape.org
Mission Statement of Griptape Org Inc
Griptape Org Inc, a nonprofit organization, is dedicated to providing teenagers with opportunities to pursue their interests and develop agency. Their mission is to offer resources, respect, and authority to these young individuals, enabling them to design and execute a learning project aligned with their interests, vision, and goals. By granting teenagers full decision-making authority, significant financial resources, and the support of a mentor who believes in their potential, Griptape Org Inc empowers them to chart their paths to success on their own terms. This unique 10-week experience allows under-resourced young people to take control of their passions and develop the critical mindsets, skills, and behaviors necessary to deepen their agency, making a significant impact on their transition into young adulthood.
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Impact
July, 2024
Griptape Org Inc's impact can be seen in its innovative approach to empowering young people aged 14-19. By providing them with full decision-making authority, financial resources, and mentorship, Griptape enables under-resourced teenagers to pursue their passions on their own terms. This unique learning experience helps young individuals develop critical mindsets, skills, and behaviors, ultimately deepening their agency and guiding them into young adulthood. Griptape's mission to offer teenagers the resources, respect, and authority to design and execute a learning project aligned with their interests, vision, and goals is making a real difference in the lives of these youths, empowering them to take control of their own paths to success.
This information is meant to be a general summary of Griptape Org 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: $13,139
- Program Service Revenue: $56,000
- Gross Receipts: $3,105,573
Assets and Liabilities:
- Total Assets: $3,182,807
- Total Liabilities: $117,654
- Net Assets: $3,065,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$56,000
Organization Details
Founding Year
2019
Phone
(302) 528-7692Principal Officer
Mark Murphy
Main Address
15 BOLLENBECKER ROAD, RHINEBECK, NY, 12572
Website
www.griptape.orgNTEE Category
Code: B82 - Education
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