Xr Safety Initiative
- Assets
- $154.2k
- Revenue
- $195.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Emeryville, CA
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-4672960
Organization Overview
Xr Safety Initiative is located in Emeryville, CA. The organization was established in 2019. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xr Safety Initiative 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 12/2023, Xr Safety Initiative generated $195.2k in total revenue. All expenses for the organization totaled $170.0k during the year ending 12/2023. While expenses have increased by 25.3% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
METAVERSE SAFETY WEEK 2022
NIST NATURAL AUTHENTICATION FOR EMERGENCY MANAGEMENT AUGMENTED REALITY AR SYSTEMS
CHILD SAFETY INITIATIVE
MEDICALXR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kavyanjali Pearlman Founder CEO | 40 | $70,833 | |
Marco Magnano Director Of Communications | 4 | $0 | |
April Boyd Noronha Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $195,120 |
| Interest on Savings | $55 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $195,175 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,833 |
| Other employee salaries and wages | $56,856 |
| Pension plans, employee benefits | $9,213 |
| Interest | $5,220 |
| Taxes | $0 |
| Depreciation | $1,987 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,953 |
| Printing and publications | $43 |
| Other expenses | $13,725 |
| Total operating and administrative expenses | $169,955 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $169,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,179 |
| Savings and temporary cash investments | $38,951 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $54,727 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,317 |
| Other assets | $0 |
| Total assets | $154,174 |
| Accounts payable and accrued expenses | $28,496 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $166,521 |
| Mortgages and other notes payable | $11,851 |
| Other liabilities | $0 |
| Total liabilities | $206,868 |
Grants Awarded
Over the last fiscal year, Xr Safety Initiative has awarded $2,943 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KALEIDOSCOPE VR INC PURPOSE: SUPPORT FOR DIVERSE LOCAL ARTISTS | $2,500 |
ANIMALS FACING LEFT PURPOSE: ANIMAL RIGHTS AWARENESS | $443 |