Philanthropitch
- Assets
- $128.4k
- Revenue
- $996.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 06/2016
- Data as of
- 12/2021
- 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 12/2021, Philanthropitch generated $996.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $992.0k during the year ending 12/2021. While expenses have increased by 31.7% per year over the past 6 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 80 individual grants totaling $1,616,365. 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
2021
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 |
|---|---|---|---|
Dan Graham Secretary | OfficerTrustee | 1 | $0 |
Lisa Wilson Graham President | OfficerTrustee | 1 | $0 |
Katie Hall Executive Director | Officer | 40 | $0 |
Barbara Daniels CFO | Officer | 1 | $0 |
Dominique Goss Director | Trustee | 1 | $0 |
Marissa Epstein 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 | $969,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $969,930 |
| Total Program Service Revenue | $23,499 |
| Investment income | $0 |
| 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 | $996,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $472,985 |
| 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. | $144,493 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,998 |
| Payroll taxes | $12,533 |
| Fees for services: Management | $47,850 |
| Fees for services: Legal | $1,223 |
| Fees for services: Accounting | $39,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,875 |
| Advertising and promotion | $147,087 |
| Office expenses | $4,141 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,769 |
| 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 | $805 |
| All other expenses | $0 |
| Total functional expenses | $991,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,919 |
| 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 | $2,193 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,785 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,369 |
| Accounts payable and accrued expenses | $43,018 |
| Grants payable | $0 |
| Deferred revenue | $120,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $41 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85 |
| Total liabilities | $163,144 |
| 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 | -$34,775 |
| Total liabilities and net assets/fund balances | $128,369 |
Grants Awarded
Over the last fiscal year, Philanthropitch has awarded $466,245 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: ELEVATING THE PEOPLE & HERITAGE OF THE MIDDLE EAST, NORTH AFRICA, & SOUTH ASIA. | $62,263 |
Philadelphia, PA PURPOSE: PROVIDES ACCESS AND OPPORTUNITY CREATING A MORE EQUITABLE, EDUCATED, AND PRODUCTIVE PHILADELPHIA. | $40,504 |
Philadelpha, PA PURPOSE: PARTNER WITH FAMILIES EXPERIENCING OR AT-RISK-OF-EXPERIENCING HOMELESSNESS TO PROVIDE THEM WITH HOUSING AND SUPPORTIVE SERVICES TO EMPOWER THEM TO BREAK THE CYCLE OF POVERTY THROUGH EDUCATION. | $37,569 |
San Antonio, TX PURPOSE: GROW SMALL, MINORITY, WOMAN, AND VETERAN-OWNED BUSINESSES BEYOND THE $1 MILLION MARK IN REVENUE. | $27,679 |
FRANKLINTON FARMS PURPOSE: UTILIZE URBAN FARMING AND NEIGHBORHOOD DISTRIBUTION PROGRAMS TO IMPROVE FOOD SECURITY AND SUPPORT HEALTHY FUTURES FOR OUR NEIGHBORS. | $26,033 |
Columbus, OH PURPOSE: BUILD AND PROVIDE A PLATFORM FOR COMMUNITY, ART, AND LEARNING, CENTERED IN THE CULTIVATION, CELEBRATION, AND PROMOTION OF BLACK CULTURAL PRODUCTION AND ART. | $24,207 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Philanthropitch has recieved totaling $188,750.
| Awarding Organization | Amount |
|---|---|
Notley Fund Austin, TX PURPOSE: SUPPORT INNOVATIVE NONPROFITS SCALE SUSTAINABLE MODELS. | $100,000 |
Columbus Foundation Columbus, OH PURPOSE: ADVANCING PHILANTHROPY | $30,000 |
Pure Inc Bentonville, AR PURPOSE: GENERAL SUPPORT | $23,750 |
Reinberger Foundation Cleveland, OH PURPOSE: GENERAL OPERATING SUPPORT AND YEAR-ROUND COMMUNITY ENGAGEMENT | $15,000 |
Thomas Scattergood Behavioral Health Foundation Philadelphia, PA PURPOSE: MENTAL HEALTH- OUTREACH & ENGAGEMENT | $12,500 |
Patricia Kind Family Foundation Philadelphia, PA PURPOSE: SUPPORT PHILANTHROPITCH | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Petco Foundation San Antonio, TX | $33,418,658 | $39,582,418 |
Nau Foundation Houston, TX | $22,224,867 | $2,525,236 |
Excellerate Foundation Charitable Support Rogers, AR | $173,087,242 | $16,463,917 |
Greater Houston Golf Charity The Woodlands, TX | $3,025,396 | $6,171,949 |
Amoud Foundation Irving, TX | $3,623,753 | $6,777,014 |
Rice Re Holdings Iii Houston, TX | $189,919,833 | -$4,482,268 |
Hab Charitable Corporation Fort Worth, TX | $0 | $8,699,388 |
Ssb Charitable Corporation Fort Worth, TX | $58,885,873 | $7,421,686 |
David & Lezlie Hudiburg Family Fdn Foundation Oklahoma City, OK | $0 | $1,762 |
Chive Charities Austin, TX | $275,460 | $2,652,488 |
Teneo Network Inc Austin, TX | $2,908,016 | $4,934,396 |
Marlene Nathan Meyerson Family Foundation Dallas, TX | $607,475 | $1,580,847 |