Philanthropy U Inc
- Assets
- $52.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- San Mateo, CA
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 81-0956313
Organization Overview
Philanthropy U Inc is located in San Mateo, CA. The organization was established in 2018. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Philanthropy U Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philanthropy U Inc 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 12/2021, Philanthropy U Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A DIGITAL LEARNING PLATFORM THAT PROVIDES LOCAL CIVIL SOCIETY ORGANIZATIONS THE KNOWLEDGE AND RESOURCES THEY NEED TO BETTER SERVE THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPY UNIVERSITY IS AN INNOVATIVE TECH-ENABLED PLATFORM THAT TRANSFORMS THE IMPACT OF LOCAL ORGANIZATIONS WORKING TO DELIVER SUSTAINABLE DEVELOPMENT FOR ALL. ITS GOAL IS TO STRENGTHEN THE CAPACITY OF 5,000 ORGANIZATIONS AND IMPROVE THE LIVES OF 100 MILLION PEOPLE BY 2021. PHILANTHROPY UNIVERSITY'S THREE INITIATIVES PROVIDE THE KNOWLEDGE, RESOURCES AND SUPPORT LOCAL ORGANIZATIONS NEED TO ENABLE MEANINGFUL, MEASURABLE AND LASTING CHANGE. OPTIMIZED FOR THE GLOBAL SOUTH AND OPEN TO ALL, THE UNIVERSITY ACCELERATES LOCAL IMPACT WITH WORLD-CLASS FREE ONLINE COURSES AND VIBRANT ONLINE COMMUNITIES. ITS AWARDS INITIATIVE RECOGNIZES LOCAL IMPACT, CELEBRATING THE MOST PROMISING LEARNERS AND BUILDING ORGANIZATIONAL RESILIENCE WITH ACCESS TO CAPITAL. AND THE PHILANTHROPY UNIVERSITY FORUMS INSPIRE LOCAL IMPACT AT EVENTS THAT MOBILIZES GREATER LOCALLY-LED DEVELOPMENT COOPERATION.THE ORGANIZATION SUSPENDED ITS TECH-ENABLED PLATFORM IN MAY OF 2021 THROUGH A SALE OF ITS ASSETS AND IS EVALUATING OTHER PROGRAM OFFERINGS TO SUPPORT ITS CHARITABLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikhil Sinha CEO | OfficerTrustee | 10 | $60,000 |
Amr Al Dabbagh Chairman | OfficerTrustee | 1 | $0 |
Sharifah Sofia Albukhary Director | Trustee | 1 | $0 |
Steve Davis Director | Trustee | 1 | $0 |
Mona Mourshed Director | Trustee | 1 | $0 |
Paul Polman Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arbisoft Global Llc Engineering Services | 12/30/21 | $314,831 |
Adler & Colvin Legal Services | 12/30/21 | $105,810 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $581,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $581,162 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $475,492 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,057,428 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,931 |
| Pension plan accruals and contributions | $11,520 |
| Other employee benefits | $29,872 |
| Payroll taxes | $65,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,721 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,666 |
| Advertising and promotion | $0 |
| Office expenses | $8,558 |
| Information technology | $103,700 |
| Royalties | $0 |
| Occupancy | $36,794 |
| Travel | $40 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,410 |
| Insurance | $2,033 |
| All other expenses | $14,366 |
| Total functional expenses | $1,318,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,536 |
| 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 | $1,044 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,580 |
| Accounts payable and accrued expenses | $122,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $122,079 |
| Net assets without donor restrictions | -$69,499 |
| 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 | $52,580 |
Grants Awarded
Over the last fiscal year, Philanthropy U Inc has awarded $230,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Durham, NC PURPOSE: INTERNATIONAL RELIEF | $150,000 |
Portland, OR PURPOSE: ALLEVIATE POVERTY | $60,000 |
Washington, DC PURPOSE: DEVELOPMENT & RELIEF SERVICES | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philanthropy U Inc has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Without Borders International Camarillo, CA | $12,905,795 | $20,022,100 |
Assist International Inc Ripon, CA | $15,283,547 | $16,657,420 |
Maranatha Volunteers International Inc Roseville, CA | $22,832,161 | $24,229,076 |
Alliance For Medical Outreach And Relief Fresno, CA | $15,431,819 | $11,809,946 |
Iris Global Redding, CA | $6,251,509 | $13,219,595 |
Behring Global Educational Foundation Danville, CA | $225,486,118 | $12,863,733 |
Far Reaching Ministries Murrieta, CA | $21,362,367 | $12,281,756 |
Good Neighbors Usa Tustin, CA | $3,226,157 | $7,785,780 |
Ywam Ships Orange County Kailua Kona, HI | $1,414,962 | $7,142,839 |
Guara Bi Inc Las Vegas, NV | $2,785,131 | $6,283,964 |
Operation Usa Los Angeles, CA | $6,771,517 | $5,746,005 |
Onesky Berkeley, CA | $3,976,088 | $6,959,503 |