Philanthropitch
- Assets
- $0.0
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 81-1374280
Organization Overview
Philanthropitch is located in Austin, TX. The organization was established in 2016. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philanthropitch 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, Philanthropitch generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 33.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Philanthropitch has awarded 108 individual grants totaling $2,260,152. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELPING INNOVATIVE NONPROFITS SCALE SUSTAINABLE MODELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHILANTHROPITCH CONDUCTS A SOCIAL IMPACT FAST-PITCH COMPETITION THAT PROVIDES NON-PROFIT ORGANIZATIONS WITH ACCESS TO HUMAN AND FINANCIAL CAPITAL. IN THIS HIGH ENERGY EVENT, NON-PROFIT PARTICIPANTS ARE GIVEN A PLATFORM TO PRESENT INNOVATIVE IDEAS FOR DRAMATICALLY IMPACTING THE COMMUNITY. SELECTED NON-PROFITS HAVE THREE MINUTES TO PRESENT THEIR PITCH TO A PANEL OF JUDGES AND AUDIENCE MEMBERS. WINNERS ARE AWARDED CASH PRIZES TO HELP IMPLEMENT THEIR IDEAS. THE COMPETITION DRIVES CHANGE IN LOCAL COMMUNITIES BY PROVIDING SOCIAL INNOVATORS WITH THE TOOLS THEY NEED TO TAKE THEIR MODEL TO THE NEXT LEVEL, GIVING FORWARD-THINKING LEADERS THE PLATFORM TO EXPRESS THEIR VISIONS, AWARDING FUNDS TO ACCELERATE THOSE VISIONS, CREATING NETWORKS AND CONNECTIONS TO HELP THESE VISIONS COME TO LIFE, AND EDUCATING LOCAL COMMUNITIES ON HOW TO SUPPORT IMPACTFUL INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendan Mullen Director | Trustee | 1 | $0 |
David Ahlquist Director | Trustee | 1 | $0 |
Elizabeth Henneke Director | Trustee | 1 | $0 |
Felipe Vega Director | Trustee | 1 | $0 |
Gregory Gibson Director | Trustee | 1 | $0 |
Heather Venard Director | Trustee | 1 | $0 |
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 | $1,444,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,444,032 |
| Total Program Service Revenue | $14,085 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$145 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,459,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $682,937 |
| 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. | $128,898 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,029 |
| Payroll taxes | $14,280 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $168,479 |
| Office expenses | $2,300 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,839 |
| 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 | $0 |
| Insurance | $902 |
| All other expenses | $0 |
| Total functional expenses | $1,423,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Philanthropitch has awarded $643,787 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
EARN-A-BIKE PURPOSE: PROMOTE ACTIVE AND HEALTHY LIVING BY INCREASING ACCESS TO BICYCLES, PROMOTING SAFE AND BIKE-FRIENDLY ENVIRONMENTS, AND EMPOWERING PEOPLE WITH THE KNOWLEDGE AND SKILLS TO MAKE A LIFESTYLE OUT OF CYCLING. | $59,000 |
COLUMBUS FASHION ALLIANCE PURPOSE: MOVE FASHION FORWARD AND ENHANCE COLUMBUS' CULTURE INTO ONE THAT EQUIPS, FOSTERS AND SUPPORTS EMERGING FASHION CREATIVES, ENTREPRENEURS AND BRANDS. | $57,665 |
BEYOND THE BARS PURPOSE: PROVIDE MUSICAL OUTLETS AND INSTRUCTION TO YOUTH WHO HAVE BEEN AFFECTED BY THE INCARCERATION SYSTEM IN ANY WAY | $43,756 |
ELEVATE NORTHLAND PURPOSE: UPLIFT PEOPLE OF DIVERSE BACKGROUNDS AND CREATE OPPORTUNITIES | $37,629 |
THE JUNIOR LEAGUE OF AUSTIN INC PURPOSE: ADVANCE WOMENS LEADERSHIP FOR MEANINGFUL COMMUNITY IMPACT THROUGH VOLUNTEER ACTION, COLLABORATION, AND TRAINING. | $34,594 |
BLACK PROFESSIONALS ALLIANCE OF AUSTIN PURPOSE: CREATE A SUPPORTIVE NETWORK THAT CHAMPIONS DIVERSITY, PROVIDES CAREER ADVANCEMENT RESOURCES, AND ADVOCATES FOR EQUALITY. | $30,463 |