Overview
What is Xlr8X?
Xlr8X is a nonprofit organization based in Honolulu, Hawaii, with a focus on stimulating economic development and alleviating poverty in select communities, particularly within the state. Their mission involves educating students and entrepreneurs, combating community deterioration, and lessening governmental burdens. The B2S Capital Challenge, one of their initiatives, aims to increase access to capital for underserved companies and communities in Hawaii, while the Sprint Challenge seeks to transform businesses to become more resilient in post-COVID-19 times. Xlr8X operates with a team of four individuals.
Is Xlr8X legitimate?
Xlr8X is a legitimate nonprofit organization registered as a 501(c)(3) entity. Xlr8X 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: $455,823
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,000
For more financial information, click here
What is the mission statement of Xlr8X?
Xlr8X is dedicated to developing and administering educational programs and activities aimed at empowering students and entrepreneurs. Their mission is to combat community deterioration, alleviate poverty, and lessen government burdens by stimulating economic development in select communities, with a focus on those within the United States and around the world. Notably, they have a special interest in communities within Hawaii.
Who is the CEO of Xlr8X?
Omar Sultan is the President/Exec Dir of Xlr8X.
What is the revenue of Xlr8X?
Xlr8X's revenue in 2022 was $622,869.
Who are the executives of Xlr8X and what are their salaries?
The average compensation at Xlr8X during 2022 was $126,956. There are 4 employees and 2 volunteers at Xlr8X.
Here are 5 key members and their salaries:
- Compensation: $83,708
- Related: $0
- Other: $4,018
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $174,953
- Related: $0
- Other: $3,492
- Compensation: $40,938
- Related: $0
- Other: $2,018
Where can I find the form 990 for Xlr8X?
Xlr8X's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Xlr8X
Xlr8X, as a nonprofit organization, is committed to a mission that encompasses several key objectives. Its primary goal is to develop and administer educational programs and activities, focusing on nurturing both students and entrepreneurs. This mission extends beyond just education, with a focus on combating community deterioration, alleviating poverty, and lightening the burden on governments. Xlr8X achieves this by stimulating economic development in selected communities, both within the United States and globally. The organization has a particular emphasis on communities in the state of Hawaii, highlighting its dedication to local development and improvement. By engaging in these activities, Xlr8X aims to contribute positively to society and promote sustainable growth, ultimately bettering the lives of those residing in the communities it serves.
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Impact
July, 2024
Xlr8X's impact can be seen through its focused efforts to educate students and entrepreneurs, combat community deterioration, relieve poverty, and stimulate economic development in select communities in the United States and around the world, with a particular emphasis on communities within the state of Hawaii. By running programs such as the B2S Capital Challenge and the Sprint Challenge, Xlr8X is increasing support and access to capital for underserved companies and communities, as well as transforming impacted businesses into agile, resilient organizations.
Through its initiatives, Xlr8X is playing a crucial role in empowering individuals and businesses to navigate challenges such as the pandemic disruption and emerge successfully in a post-COVID-19 world. By providing education, technical assistance, professional networks, and a supporting community, Xlr8X is helping businesses thrive and contribute to the economic growth of the communities they serve.
Overall, Xlr8X's impact is evident in the positive changes it brings to communities by fostering economic growth, supporting entrepreneurship, and addressing pressing issues such as poverty and community deterioration. Its dedication to community improvement is making a meaningful difference in the lives of individuals and the prosperity of the regions it serves.
This information is meant to be a general summary of Xlr8X. 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.
- Gross Receipts: $622,869
Assets and Liabilities:
- Total Assets: $31,947
- Total Liabilities: $18,354
- Net Assets: $13,593
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Organization Details
Founding Year
2019
Phone
(808) 772-7255Principal Officer
Omar Sultan
Main Address
7192 KALANIANAOLE HIGHWAY A143A-2, HONOLULU, HI, 96825
NTEE Category
Code: S43 - Community improvement
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