P33
- Assets
- $11.6m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Chicago, IL
- Founding
- 06/2019
- Data as of
- 06/2021
- EIN
- 83-2851368
Organization Overview
P33 is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, P33 employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. P33 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 06/2021, P33 generated $6.7m in total revenue. All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 199.9% per year over the past 4 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 2021, P33 has awarded 11 individual grants totaling $334,629. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENTURES - P33 WORKS TO CLOSE STARTUP GAPS BY SUPPORTING ENTREPRENEURS IN HARD TECH, GROWTH STAGE, AND DIVERSE COMMUNITIES.
DEEP TECH - P33 TRANSLATES FRONTIER SCIENCE INTO COMMERCIAL IMPACT.
TALENT - P33 WORKS TO BUILD THE MOST DIGITALLY PREPARED WORKFORCE AND CREATE EQUITABLE ACCESS TO TECH CAREERS.
OTHER PROGRAM SERVICESMARKETING AND COMMUNICATIONS - P33 UNITES TO TELL CHICAGO'S TECH STORY TO RETAIN AND ATTRACT KEY AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Henderson CEO | Officer | 40 | $476,432 |
Michele Hoffmann Svp, Life Sciences | 40 | $224,070 | |
Brandi Bridges Svp, Industry 4.0 | 40 | $220,999 | |
Nuwan Samaraweera Chief Operating Officer/secretary | Officer | 40 | $175,324 |
Matt Muench Svp, Workforce Innovation | 40 | $168,338 | |
John Ramirez Thru 072020 Chief Product Officer | 40 | $166,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,722,632 |
| Investment income | $1,969 |
| 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 | $6,724,647 |
| Statement of Expenses | |
|---|---|
| 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. | $535,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,724,565 |
| Pension plan accruals and contributions | $47,817 |
| Other employee benefits | $106,156 |
| Payroll taxes | $135,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,871 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $447,193 |
| Advertising and promotion | $86,471 |
| Office expenses | $42,305 |
| Information technology | $118,049 |
| Royalties | $0 |
| Occupancy | $318,933 |
| Travel | $7,384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,837 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,964 |
| Insurance | $12,809 |
| All other expenses | $0 |
| Total functional expenses | $3,955,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,074,531 |
| Pledges and grants receivable | $8,371,461 |
| 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 | $55,954 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,633 |
| Total assets | $11,598,229 |
| Accounts payable and accrued expenses | $192,408 |
| 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 | $88,764 |
| Total liabilities | $281,172 |
| 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 |
| Total liabilities and net assets/fund balances | $11,317,057 |
Grants Awarded
Over the last fiscal year, P33 has awarded $334,629 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: BOOTH SUPPORT FOR DUALITY | $125,000 |
KAOSHI INC PURPOSE: TECHRISE GRANT RECIPIENT | $26,486 |
GOLOGIC INC PURPOSE: TECHRISE GRANT RECIPIENT | $21,450 |
BINGEOWL LLC PURPOSE: TECHRISE GRANT RECIPIENT | $20,982 |
SPRINGROSE INC PURPOSE: TECHRISE GRANT RECIPIENT | $20,527 |
JUBILANT LLC PURPOSE: TECHRISE GRANT RECIPIENT | $20,071 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that P33 has recieved totaling $2,135,000.
| Awarding Organization | Amount |
|---|---|
Illinois Tool Works Foundation Glenview, IL PURPOSE: UNRESTRICTED - GENERAL USE | $600,000 |
Illinois Tool Works Foundation Glenview, IL PURPOSE: UNRESTRICTED - GENERAL USE | $300,000 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: GENERAL OPERATING | $300,000 |
Commercial Club Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $300,000 |
Joyce Foundation Chicago, IL PURPOSE: MISSION FUND | $150,000 |
The Elizabeth Morse Charitable Trust 2620341200 Chicago, IL PURPOSE: TO SUPPORT PATHWAYS AND | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Financial Health Network Inc Chicago, IL | $19,686,455 | $18,603,239 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Crosswalk Community Action Agency Inc West Frankfort, IL | $2,780,027 | $11,762,821 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Brighton Park Neighborhood Council Chicago, IL | $4,048,275 | $8,262,492 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |