Overview
What is Operation Reboot?
Operation Reboot is a nonprofit organization, identified as PILLAR, based in Palo Alto, California. Their primary mission is to support small businesses, such as restaurants, barber shops, nail salons, local specialty stores, and more, that have been impacted financially due to the COVID-19 pandemic. In 2022, they selected and funded 59 grantees to help these businesses reopen. The organization's activities are centered around implementing an economic development program, providing financial assistance to these small businesses to aid in their recovery. Their workforce consists of seven dedicated individuals.
Official website here: www.pillarimpact.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
Operation Reboot has received an exemplary rating of 97% from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization is notable for its 100% independent board, ensuring that there are no conflicts of interest, which is vital for maintaining trust with donors and stakeholders. The charity has effectively demonstrated its integrity through rigorous policies on conflict of interest, whistleblower protections, and document retention.
The financial health of the organization is robust, with a liabilities to assets ratio of 0.00%, indicating that it has no debt obligations that could hinder its operations. Furthermore, an impressive program expense ratio of 91.08% shows that the vast majority of its resources are directed toward its mission-driven programs rather than administrative costs. This high level of program spending underscores Operation Reboot's dedication to maximizing its impact.
While the data highlights Operation Reboot's strengths, ongoing transparency and continued adherence to best practices will be essential for maintaining its high rating and public trust. Donors can feel confident supporting this nonprofit, knowing that their contributions are being utilized effectively and responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Operation Reboot legitimate?
Operation Reboot is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operation Reboot 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: $279,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $348,426
For more financial information, click here
Official website here: www.pillarimpact.org
What is the mission statement of Operation Reboot?
Operation Reboot's mission is to execute an economic development program aimed at providing financial assistance to small businesses impacted by the COVID-19 pandemic. This includes establishments such as restaurants, barber shops, nail salons, local specialty stores, and more, which are in need of financial support to reopen. In 2022, 59 grantees were selected and/or funded as part of this initiative. The goal of Operation Reboot is to help these small businesses recover and continue serving their communities.
Official website here: www.pillarimpact.org
Who is the CEO of Operation Reboot?
Chris Hansen is the President/Director of Operation Reboot. The CEO's salary of Operation Reboot is $249,922 and their total compensation is $276,793.
Official website here: www.pillarimpact.org
What is the revenue of Operation Reboot?
Operation Reboot's revenue in 2022 was $3,230,000.
Official website here: www.pillarimpact.org
Who are the executives of Operation Reboot and what are their salaries?
The average compensation at Operation Reboot during 2022 was $89,652. There are 7 employees and 3 volunteers at Operation Reboot.
Here are 5 key members and their salaries (Operation Reboot's CEO's salary is $249,922 and their total compensation is $276,793):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $249,922
- Related: $0
- Other: $26,871
- Compensation: $129,353
- Related: $0
- Other: $9,453
Official website here: www.pillarimpact.org
Where can I find the form 990 for Operation Reboot?
Operation Reboot's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pillarimpact.org
Learn more at the official website: www.pillarimpact.org
Mission Statement of Operation Reboot
Operation Reboot, a nonprofit organization, has undertaken a mission to aid small businesses in their recovery following the COVID-19 pandemic. Their primary objective is to implement an economic development program that provides financial assistance to establishments such as restaurants, barber shops, nail salons, local specialty stores, and more. These businesses, which have been significantly impacted by the pandemic, require financial aid to reopen and resume operations. In 2022, Operation Reboot selected and funded 59 grantees as part of this initiative.
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Impact
July, 2024
Operation Reboot has had a significant impact on supporting small businesses in the aftermath of the COVID-19 pandemic. By providing financial assistance to businesses such as restaurants, barber shops, nail salons, and local specialty stores, this initiative has played a crucial role in helping these establishments reopen and recover from the economic challenges brought on by the pandemic. In 2022 alone, 59 grantees were selected and funded, demonstrating the tangible support and positive effect Operation Reboot has had on the local business community in Palo Alto, CA. Through its mission to implement an economic development program focused on aiding small businesses, Operation Reboot has contributed to the revitalization and growth of the community, ultimately leading to improved economic stability and resilience.
This information is meant to be a general summary of Operation Reboot. 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: $3,230,000
Assets and Liabilities:
- Total Assets: $513,936
- Total Liabilities: $435,037
- Net Assets: $78,899
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Organization Details
Founding Year
2020
Phone
(650) 804-7100Principal Officer
Chris Hansen
Main Address
314 LYTTON AVE, PALO ALTO, CA, 94301
Website
www.pillarimpact.orgNTEE Category
Code: S30 - Community improvement
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