Pi Shop
- Assets
- $52.8k
- Revenue
- $62.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 11/2017
- Data as of
- 12/2022
- EIN
- 82-2021256
Organization Overview
Pi Shop is located in Fresno, CA. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pi Shop 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, Pi Shop generated $62.8k 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 (27.4%) each year. All expenses for the organization totaled $74.9k during the year ending 12/2022. 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
THE SPECIFIC PURPOSE OF THE ORGANIZATION SHALL INCLUDE, WITHOUT LIMITATION, STARTING AND OPERATING A PRODUCT DEVELOPMENT INCUBATOR AND ACCELERATOR, AND ALL ACTIVITIES RELATED TO OR INCIDENTIAL TO A PRODUCT DEVELOPMENT FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF CALIFORNIA, MERCED PROVIDED FUNDING THROUGH A "PROOF-OF-CONCEPT GRANT" AS SPECIFICALLY AUTHORIZED IN CALIFORNIA STATE SENATE BILL NO. 2664 TO ESTABLISH A PRODUCT DEVELOPMENT CENTER. THE FUNDING OBTAINED THROUGH THIS GRANT GIVES THE PI SHOP (THE PRODUCT DEVELOPMENT CENTER) MEMBERS UNMATCHED ACCESS TO TECHNICAL, PROFESSIONAL AND FINANCIAL NETWORKS, INCLUDING ON-LOCATION EQUIPMENT AND SUPPORT STAFF THAT RIVALS THE SORTS OF FACILITIES THAT ARE NORMALLY TOTALLY OUT OF REACH FOR EARLY AND SEED-STAGED INNOVATORS. THE FOCUS OF THE PI SHOP IS TO BE AN INCUBATOR OF PRODUCT IDEAS WHICH HAVE THE POTENTIAL TO CREATE INDIVIDUALLY SUCCESSFUL BUSINESSES THAT CAN ENGENDER EMPLOYMENT, A GROWING TAX BASE AND OTHER VITAL SOCIAL AND ECONOMIC IMPACTS BENEFITING THE CALIFORNIA CENTRAL VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Jackson Chief Executive Officer | Officer | 10 | $0 |
Amanda Duvall-Graham Office Manager | Officer | 0 | $0 |
Kent Pelisari Manager Of Producterurs | Officer | 40 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,413 |
| 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 | $62,763 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $640 |
| Fees for services: Accounting | $2,841 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,350 |
| Advertising and promotion | $493 |
| Office expenses | $6,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,330 |
| Travel | $213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $9 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,644 |
| Insurance | $7,840 |
| All other expenses | $103 |
| Total functional expenses | $74,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $947 |
| Savings and temporary cash investments | $306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,085 |
| 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 | $5,514 |
| Net Land, buildings, and equipment | $36,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,104 |
| Total assets | $52,842 |
| Accounts payable and accrued expenses | $1,044 |
| 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 | $2,154 |
| Total liabilities | $3,198 |
| 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 | $49,644 |
| Total liabilities and net assets/fund balances | $52,842 |