P33
- Assets
- $9.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Chicago, IL
- Founding
- 06/2019
- Data as of
- 06/2022
- 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 06/2022, P33 employed 18 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 06/2022, P33 generated $3.4m in total revenue. All expenses for the organization totaled $5.6m during the year ending 06/2022.
Since 2021, P33 has awarded 57 individual grants totaling $1,797,129. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.WE WORK COLLABORATIVELY WITH CHICAGO COMMUNITIES TO MAKE OUR REGION A GLOBAL TECH LEADER WHERE ALL PEOPLE THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENTURES/FOUNDERS - P33 WORKS TO CLOSE STARTUP GAPS BY SUPPORTING ENTREPRENEURS IN HARD TECH, GROWTH STAGE, AND DIVERSE COMMUNITIES.
MARKETING AND COMMUNICATIONS - P33 UNITES TO TELL CHICAGO'S TECH STORY TO RETAIN AND ATTRACT KEY AUDIENCES.
DEEP TECH/REGIONAL PRIORITIES - P33 TRANSLATES FRONTIER SCIENCE INTO COMMERCIAL IMPACT.
TALENT - P33 WORKS TO BUILD THE MOST DIGITALLY PREPARED WORKFORCE AND CREATE EQUITABLE ACCESS TO TECH CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Primo Director | Trustee | 1 | $0 |
Kate Gebo Director | Trustee | 1 | $0 |
Margarita Chavez Director | Trustee | 1 | $0 |
Richard Edelman Director | Trustee | 1 | $0 |
Mike Gamson Director | Trustee | 1 | $0 |
Jenny Scanlon Director | Trustee | 1 | $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 | $3,437,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,437,171 |
| Total Program Service Revenue | $0 |
| Investment income | $3,080 |
| 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 | $3,440,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,524,712 |
| 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. | $827,843 |
| Compensation of current officers, directors, key employees. | $157,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,691,575 |
| Pension plan accruals and contributions | $53,684 |
| Other employee benefits | $139,467 |
| Payroll taxes | $142,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $391,551 |
| Advertising and promotion | $63,958 |
| Office expenses | $22,081 |
| Information technology | $120,743 |
| Royalties | $0 |
| Occupancy | $336,368 |
| Travel | $48,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,464 |
| Interest | $439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,164 |
| Insurance | $17,134 |
| All other expenses | $14,859 |
| Total functional expenses | $5,587,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,057,842 |
| Pledges and grants receivable | $6,402,714 |
| Accounts receivable, net | $4,012 |
| 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 | $91,120 |
| Net Land, buildings, and equipment | $112,275 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,667,963 |
| Accounts payable and accrued expenses | $248,694 |
| 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 | $99,488 |
| Total liabilities | $348,182 |
| Net assets without donor restrictions | $2,499,988 |
| Net assets with donor restrictions | $6,819,793 |
| 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 | $9,667,963 |
Grants Awarded
Over the last fiscal year, P33 has awarded $1,462,500 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
GRAPEFRUIT HEALTH PURPOSE: TECHRISE WINNER | $25,000 |
LIMINAL SPACES CORPORATION PURPOSE: TECHRISE WINNER | $20,000 |
SCIENCE RETAIL INC PURPOSE: TECHRISE WINNER | $25,000 |
JUSTAIR SOLUTIONS PURPOSE: TECHRISE WINNER | $25,000 |
CYBER POP-UP LLC PURPOSE: TECHRISE WINNER | $100,000 |
NORTHWESTERN UNIVERSITY PURPOSE: TECHRISE WINNER | $275,000 |