Parity Org Inc
- Assets
- $530.8k
- Revenue
- $980.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 03/2017
- Data as of
- 12/2022
- 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 12/2022, Parity Org Inc generated $980.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 69.7% each year . All expenses for the organization totaled $671.6k during the year ending 12/2022. While expenses have increased by 78.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
PROMOTION OF PARITYINDEX TO THE GENERAL MARKET:WITH BETA TESTING COMPLETE, WE BEGAN ACTIVELY PROMOTING OUR PARITYINDEX ANALYTICS SAAS PLATFORM TO THE GENERAL MARKET. THE MOST COMPREHENSIVE YET AFFORDABLE AND EASY-TO-USE PLATFORM OF ITS KIND, OUR PARITYINDEX EMPOWERS COMPANIES WITH ENLIGHTENING NEW DATA ABOUT THEIR DIVERSITY, EQUITY, AND INCLUSION EFFORTS--ENABLING THEM TO IDENTIFY PREVIOUSLY INVISIBLE PATTERNS AND OPPORTUNITIES, MEASURE AND MONITOR PROGRESS, AND BENCHMARK THEIR PERFORMANCE AGAINST OTHERS IN THEIR INDUSTRIES.
THE STATE OF UTAH IMPLEMENTS PARITYINDEX:AFTER EXTENSIVE EVALUATION, THE STATE OF UTAH SELECTED OUR PARITYINDEX AS ITS TOOL OF CHOICE FOR MEASURING DIVERSITY AND EQUITY ACROSS ITS 23,000 GOVERNMENT EMPLOYEES. UTAH IS THE FIRST GOVERNMENT ENTITY TO LEVERAGE THE PARITYINDEX AND WE ANTICIPATE THAT THEIR GROUNDBREAKING STEP WILL INSPIRE OTHER STATES TO JOIN THEM.
2022 BEST COMPANIES FOR WOMEN TO ADVANCE:IN LATE JULY, WE ANNOUNCED OUR 2022 BEST COMPANIES FOR WOMEN TO ADVANCE LIST, AN ANNUAL PROGRAM RECOGNIZING ORGANIZATIONS THAT ARE CREATING THE CULTURE AND CONDITIONS IN WHICH WOMEN CAN RISE. FORTY-FOUR COMPANIES MADE THE 2022 LIST, INCLUDING AIRBNB, BEST BUY, BLUE SHIELD OF CALIFORNIA, DOMO, NASDAQ, PEPSICO, RALPH LAUREN CORPORATION, AND THE CLOROX COMPANY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathrin Stickney Founder, Ceo, CFO | Trustee | 40 | $0 |
Carolyn Magill Secretary | Trustee | 1 | $0 |
Mark Gorenberg Treasurer | Trustee | 1 | $0 |
Amy Kennedy Director | Trustee | 1 | $0 |
Dina Schenk Cmo, Cgo | Trustee | 40 | $125,000 |
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 | $979,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $979,968 |
| 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 | $979,968 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $125,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,660 |
| 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 | $291,803 |
| Advertising and promotion | $14,016 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,127 |
| 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 | $671,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,273 |
| 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 | $61,820 |
| Other assets | $0 |
| Total assets | $530,785 |
| Accounts payable and accrued expenses | $21,772 |
| 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 | $21,772 |
| 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 | $509,013 |
| Total liabilities and net assets/fund balances | $530,785 |