The Pop Tech Institute is located in Camden, ME. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Pop Tech Institute employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pop Tech Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Pop Tech Institute generated $298.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $407.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
POPTECH'S MISSION IS TO ACCELERATE THE POSITIVE IMPACT OF WORLD-CHANGING PEOPLE, PROJECTS AND IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 POPTECH CONTINUED ITS TRAJECTORY AS A LEADING GLOBAL PARTICIPANT IN THE FIELD OF SOCIAL INNOVATION AND FUTURES STRATEGY. OUR PROGRAMMING AND OUTCOMES ARE FOCUSED ON EXPLORING SECTORS THAT ARE UNDERGOING RAPID CHANGE, EXPERIENCING DISRUPTION OR CONTRIBUTING POSITIVELY OR NEGATIVELY TO THE MAJOR CHALLENGES CONFRONTING HUMANITY. IN 2022 OUR PORTFOLIO OF PROJECTS WAS FOCUSED WAS ON NUCLEAR NON-PROLIFERATION, SOCIAL JUSTICE, AND THE ADOPTION OF ESG STRATEGIES BY CORPORATE ENTITIES. WE DELIVER ON OUR MISSION THROUGH ROBUST RESEARCH, DESIGNING AND FACILITATING SOLUTION-GENERATING CONVENINGS AND THROUGH THE IDENTIFICATION AND TRAINING OF EMERGING INNOVATORS AND SCIENTISTS. OUR FINDINGS AND DISCOVERIES ARE SHARED WITH VARIOUS CONSTITUENTS THROUGH A VARIETY OF MULTI-MEDIA FORMATS, AS WELL AS AT THE ANNUAL POPTECH THOUGHT FORUM, A GLOBALLY REGARDED GATHERING OF THOSE DEDICATED TO EQUITABLE HUMAN ADVANCEMENT. DURING 2022, WE UTILIZED A BLEND OF VIRTUAL AND IN-PERSON CONVENING FORMATS. THE ANNUAL POPTECH FORUM WAS A LIVE EVENT IN 2022, THE FIRST SINCE THE ONSET OF THE COVID PANDEMIC. POPTECH'S SOCIAL INNOVATION FELLOWS AND SCIENCE FELLOWS PROGRAMS REPRESENT CORE MISSION COMMITMENTS OF POPTECH. THE PROGRAMS WERE FOUNDED IN 2008 AND 2010 RESPECTIVELY. THE GOAL OF THE PROGRAMS IS TO ACCELERATE THE IMPACT OF FUTURE LEADERS, INNOVATORS AND SCIENTISTS THROUGH TRAINING, MENTORSHIP AND RECOGNITION. THE PROGRAMS HAVE PRODUCED A 200-MEMBER ALUMNI NETWORK WHOSE WORK HAS POSITIVELY AFFECTED ROUGHLY 700 MILLION PEOPLE IN OVER 120 COUNTRIES WORLDWIDE. POPTECH FELLOWS HAVE ACHIEVED THEIR IMPACT BY: 1) CREATING TRANSFORMATIONAL TECHNOLOGY PLATFORMS THAT ARE DEPLOYED WORLDWIDE; 2) DEVELOPING NEW DISTRIBUTION MODELS THAT ALLOW A PRODUCT, SERVICE OR HUMANITARIAN AID TO BE WIDELY DEPLOYED; AND 3) UTILIZING HUMAN-CENTERED DESIGN PRINCIPLES TO GENERATE SOLUTIONS THAT SCALE AND REPLICATE.
POPTECH'S COMMITMENT TO TRAINING EMERGING LEADERS THROUGH ITS FELLOWS PROGRAMS AND ITS LONGSTANDING INTEREST IN EXPLORING GLOBAL CHALLENGES THROUGH INCUBATED INITIATIVES, EXPLORATORY CONVENINGS AND CONSULTING PROJECTS ARE EXEMPLARY OF THE ORGANIZATION'S ABILITY TO FACILITATE UNCONVENTIONAL CROSS-SECTOR COLLABORATION. THROUGH THESE ACTIVITIES AND MORE, POPTECH CONTINUES TO BE RECOGNIZED AS A LEADING PARTICIPANT IN THE FIELD OF SOCIAL INNOVATION AND POSITIVE GLOBAL CHANGE. POPTECH INITIATIVES ARE EXEMPLAR OF OUR ABILITY TO FACILITATE UNCONVENTIONAL CROSS-SECTOR COLLABORATION. IN ADDITION, POPTECH EXPLORES UNIQUE AREAS OF GLOBAL INTEREST THROUGH POPTECH EXPLORATORIES, CONSULTING PROJECTS, AS WELL AS ITS ANNUAL THOUGHT LEADERSHIP FORUM. PROGRAMS ARE PROVIDED IN BOTH VIRTUAL AND LIVE FORMATS, DEPENDENT ON THE SCOPE OF THE PROJECT. THE PRODUCTION OF IMPACT AND SOCIAL CHANGE MEDIA IS A KEY TO POPTECH'S MISSION. THIS CAPACITY ENABLES US TO DO UNIQUE REPORTING ON PROJECTS AND SHARE INSIGHTS, IN ADDITION TO CAPTURING OUR OWN WORK; WE ROUTINELY CREATE DOCUMENTARY BODIES OF WORK FOR SELECT PARTNERS. IN 2022 WE CONTINUED OUR WORK WITH THE CARNEGIE CORPORATION OF NEW YORK TO SUPPORT A HUB OF EXPERTISE WITH THE NUCLEAR THREATS COMMUNITY IN WASHINGTON, D.C. THIS WORK IS FOCUSED ON GLOBAL SECURITY AND NUCLEAR NON-PROLIFERATION. IN ADDITION, WE MAINTAIN AN ENGAGEMENT WITH A COLLABORATIVE RESEARCH INITIATIVE EXPLORING RISK AND DECISION-MAKING IN THE CONTEXT OF NUCLEAR THREATS. THIS WORK, ALSO FUNDED BY THE CARNEGIE CORPORATION OF NEW YORK, ENCOMPASSES PARTICIPATION FROM ACADEMICS, POLICY-MAKERS AND MILITARY PERSONNEL. WITH THE SUPPORT OF THE N SQUARE COLLABORATIVE, WE DESIGNED AND DELIVERED A FUTURES-FACING PROGRAM THAT RE-DEFINES NATIONAL AND HUMAN SECURITY 100 YEARS INTO THE FUTURE. THE OUTCOMES OF THIS WORK WERE PRESENTED AT THE ANNUAL POPTECH FORUM IN 2022. IN ADDITION, WE ADVISED VW OF AMERICA ON ESG ADOPTION ACROSS ALL OF ITS BUSINESS LINES IN A MULTI-PHASE PROJECT THAT BROUGHT TOGETHER LEADING EXPERTS ON CLIMATE, CARBON OFFSETS AND STRATEGY. THIS BODY OF WORK SPANNED MOST OF 2022. THROUGH THESE ACTIVITIES AND MORE, POPTECH CONTINUES TO BE RECOGNIZED AS A STANDOUT ORGANIZATION IN THOUGHT LEADERSHIP, FUTURES FORECASTING AND CROSS-SECTOR COLLABORATION WITHIN THE SOCIAL INNOVATION SPACE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Leetha Filderman President | OfficerTrustee | 40 | $69,231 |
Andrew Essex Director | Trustee | 5 | $0 |
Kimberly Gardiner Director | Trustee | 5 | $0 |
Raj Gollamudi Treasurer | OfficerTrustee | 5 | $0 |
Scott Goodstein Director | Trustee | 5 | $0 |
Erik Hersman Director | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $17,727 |
All other contributions, gifts, grants, and similar amounts not included above | $135,575 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $153,302 |
Total Program Service Revenue | $145,245 |
Investment income | $3 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $298,550 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $100,000 |
Compensation of current officers, directors, key employees. | $10,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $30,266 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $6,339 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $24,079 |
Advertising and promotion | $0 |
Office expenses | $4,936 |
Information technology | $4,674 |
Royalties | $0 |
Occupancy | $175 |
Travel | $40,995 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $126,473 |
Interest | $31,555 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $29,087 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $407,488 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $8,252 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $1,800 |
Net Land, buildings, and equipment | $56,857 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $66,909 |
Accounts payable and accrued expenses | $408,901 |
Grants payable | $0 |
Deferred revenue | $13,600 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $235,000 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $70,000 |
Other liabilities | $0 |
Total liabilities | $727,501 |
Net assets without donor restrictions | -$660,592 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $66,909 |