Griptape Inc
- Assets
- $3.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Rhinebeck, NY
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 84-1835502
Organization Overview
Griptape Inc is located in Rhinebeck, NY. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Griptape Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Griptape 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, Griptape Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.7m 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
TO OFFER YOUTH-DRIVEN LEARNING EXPERIENCES THAT PROVIDE RESOURCES, RESPECT, AND AUTHORITY FOR TEENAGERS WHO HAVE INTERESTS BUT FEW OPPORTUNITIES SO THAT THEY CAN PURSUE THESE INTERESTS AND DEVELOP AGENCY. THROUGH OUR PROGRAMS, WE EMPOWER YOUNG PEOPLE WITH SUPPORTS TO DESIGN AND EXECUTE A LEARNING PROJECT OUTSIDE OF SCHOOL AND CHART THEIR PATHS TO SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEARNING CHALLENGE:GRIPTAPE OFFERS YOUTH AGES 14-19 A RADICALLY DIFFERENT 10-WEEK EXPERIENCE WHERE THEY PURSUE THEIR INTERESTS WITH FULL DECISION-MAKING AUTHORITY, FINANCIAL RESOURCES, AND A MENTOR WHO BELIEVES IN THEIR POTENTIAL AND HELPS THEM REFLECT ON THEIR IDEAS, ACTIONS, AND DECISIONS. COMBINED, THESE INPUTS PROVIDE AN UNDER-RESOURCED YOUNG PERSON AN OPPORTUNITY TO PURSUE HER PASSIONS ON HER OWN TERMS, PUTTING YOUNG PEOPLE IN THE DRIVER'S SEAT WITH FULL DECISION-MAKING AUTHORITY, SIGNIFICANT FINANCIAL RESOURCES, AND THE MENTORING SUPPORT TO DEVELOP CRITICAL MINDSETS, SKILLS, AND BEHAVIORS TO DEEPEN THEIR AGENCY AND CHART THEIR COURSE INTO YOUNG ADULTHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Crowe President | OfficerTrustee | 0.25 | $0 |
Steve Smith Treasurer | OfficerTrustee | 0.25 | $0 |
Femi Adebogun Director | Trustee | 0.25 | $0 |
Abigail Piando Director | Trustee | 0.25 | $0 |
Robert Strain Director | Trustee | 0.25 | $0 |
Catherine Holland COO / Secretary | Officer | 40 | $196,539 |
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 | $3,036,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,036,434 |
| Total Program Service Revenue | $56,000 |
| Investment income | $13,139 |
| 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 | $3,105,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $449,391 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $466,957 |
| Compensation of current officers, directors, key employees. | $116,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,270 |
| Pension plan accruals and contributions | $8,407 |
| Other employee benefits | $93,803 |
| Payroll taxes | $52,960 |
| Fees for services: Management | $18,900 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $76,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,033 |
| Advertising and promotion | $32,045 |
| Office expenses | $15,470 |
| Information technology | $31,735 |
| Royalties | $0 |
| Occupancy | $24,045 |
| Travel | $31,874 |
| 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 | $8,444 |
| All other expenses | $584 |
| Total functional expenses | $1,728,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,269 |
| Savings and temporary cash investments | $1,417,974 |
| Pledges and grants receivable | $1,616,423 |
| 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 | $9,851 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,290 |
| Total assets | $3,182,807 |
| Accounts payable and accrued expenses | $51,054 |
| Grants payable | $0 |
| Deferred revenue | $66,600 |
| 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 | $117,654 |
| Net assets without donor restrictions | $734,262 |
| Net assets with donor restrictions | $2,330,891 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,182,807 |