Parity Org Inc
- Assets
- $207.7k
- Revenue
- $657.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 82-0904363
Organization Overview
Parity Org Inc is located in Arlington, VA. The organization was established in 2017. According to its NTEE Classification (R24) the organization is classified as: Womens Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parity Org 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, Parity Org Inc generated $657.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 74.2% each year . All expenses for the organization totaled $648.0k during the year ending 12/2021. 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
TO EDUCATE THE PUBLIC ABOUT, AND TO ADVOCATE FOR, THE PRESENCE OF WOMEN IN CORPORATE MANAGEMENT AND GOVERNMENT POSITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARITYINDEX:A PRIVATE DASHBOARD IS CREATED FOR COMPANIES TO MEASURE AND REPORT ON THEIR PROGRESS TOWARD GENDER AND RACIAL PARITY. WE DEVELOPED PROPRIETARY ALGORITHMS TO PROVIDE UNIQUE INSIGHTS FOR DIVERSITY AND INCLUSION LEADERS TO BE MORE TARGETED AND EFFECTIVE IN CHANGING THE GENDER AND RACIAL PROFILE IN THEIR COMPANY. WE ALSO STARTED TO DESIGN AN "ENTERPRISE DASHBOARD" FOR ORGANIZATIONS (E.G., VC, ASSOCIATIONS) WANT TO MONITOR THEIR PORTFOLIO COMPANIES' PROGRESS IN DEI.PARITY INDEX HIGHLIGHTS: 5 COMPANIES ARE NOW ON THE INDEX ACG CONTRACT SIGNED AS FIRST ENTERPRISE PARTNER
THE PARITY.ORG WEBSITE:THE WEBSITE IS OUR CHIEF VEHICLE FOR INCREASING AWARENESS AND EDUCATING THE PUBLIC ON THE LACK OF REPRESENTATION OF WOMEN AND PEOPLE OF COLOR AT THE TOP LEVELS OF BUSINESS. NEW WEBSITE COMPLETED BY OCT 28TH.PARITY PLEDGE RESULTS 519 COMPANIESO 15 NEW COMPANIES SIGNED PARITYPLEDGE SINCE LAST BOARD MEETINGO ALL HAVE SIGNED BOTH PLEDGES IN SUPPORT OF WOMEN AND PEOPLE OF COLOR
MARKETING, COMMUNICATIONS AND PARTNERSHIPS:PARITY.ORG HAS A DAILY PRESENCE ON SOCIAL MEDIA TO RAISE AWARENESS AND EDUCATE THE PUBLIC ON THE ISSUE OF GENDER AND RACIAL PARITY IN BUSINESS. IN ADDITION, WE MANAGE PROGRAMS THAT ENGAGE BUSINESS PARTNERS IN EFFORTS TO TAKE ACTION TO CLOSE THE PARITY GAPS. THESE INCLUDE BUT ARE NOT LIMITED TO THE BEST COMPANIES FOR WOMEN TO ADVANCE LIST (AN ANNUAL LIST THAT COMPANIES APPLY TO BE ON TO SIGNIFY THEIR DEDICATION TO GENDER PARITY), AND THE PARITY MODEL (A ROADMAP TO REACHING GENDER AND RACIAL PARITY IN AN ORGANIZATION).RESULTS: OUR NEW PARITYPLEDGE FOR PEOPLE OF COLOR ROLLED OUT IN THE SUMMER OF 2020, AND AFTER TESTING THE INITIAL RESULTS OF THE FIRST COHORT, WE DISCOVERED A SIGNIFICANT INCREASE IN THE PERCENT OF POC THAT WERE PLACED INTO LEADERSHIP AND GOVERNANCE POSITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Gorenberg Treasurer | Trustee | 1 | $0 |
Carolyn Magill Secretary | Trustee | 1 | $0 |
Amy Kennedy Director | Trustee | 1 | $0 |
Cathrin Stickney Founder, Ceo, CFO | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,782 |
| All other contributions, gifts, grants, and similar amounts not included above | $616,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $657,602 |
| 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 | $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 | $657,602 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $359,772 |
| Advertising and promotion | $30,850 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $546 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $648,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $6,000 |
| 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 | $61,820 |
| Other assets | $0 |
| Total assets | $207,737 |
| Accounts payable and accrued expenses | $7,086 |
| 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 | $7,086 |
| 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 | $200,651 |
| Total liabilities and net assets/fund balances | $207,737 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Parity Org Inc has recieved totaling $20,007.
| Awarding Organization | Amount |
|---|---|
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $7 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Womens Law Center Washington, DC | $67,483,781 | $19,622,177 |
Susan B Anthony List Inc Education Fund Arlington, VA | $5,767,032 | $9,955,573 |
National Partnership For Women And Families Inc Washington, DC | $25,541,329 | $5,897,518 |
Womens Business Enterprise National Council Washington, DC | $11,326,059 | $10,413,108 |
Just Associates Inc Washington, DC | $26,815,142 | $4,343,292 |
Independent Womens Forum Winchester, VA | $1,546,796 | $5,680,509 |
National Organization For Women Inc Washington, DC | $1,624,467 | $3,801,315 |
Center For Voter Information Washington, DC | $3,604,211 | $3,163,510 |
Ultraviolet Education Fund Washington, DC | $2,235,451 | $3,245,169 |
Independent Womens Voice Winchester, VA | $1,652,105 | $1,931,380 |
Maryland Coalition Against Sexual Assault Inc Silver Spring, MD | $325,198 | $1,912,294 |
Womens Learning Partnership For Rights Development And Peace Ltd Bethesda, MD | $1,897,557 | $1,755,437 |