Twenty Inc
- Assets
- $2.2m
- Revenue
- $1.8m
- Investments
- $939.0
- Employees
- 22
- Location
- Sonoma, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3913583
Organization Overview
Twenty Inc is located in Sonoma, CA. As of 12/2021, Twenty Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twenty 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 12/2021, Twenty Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 54.4% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO NOTICE, DEVELOP, AND BACK UNDERREPRESENTED GEN Z YOUTH WHO WANT TO DO GOOD IN THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED DEVELOPMENT AND OPERATION OF MOBILE APPLICATION HELLO WORLD FOR STUDENTS TO SHOWCASE THEIR CAPABILITIES BEYOND CONVENTIONAL METRICS. IN 2021, THE APP MATCHED 20K UNDERREPRESENTED YOUTHS WITH 23 ORGANIZATIONS PROVIDING THEM ACCESS TO MENTORSHIPS, FELLOWSHIPS, AND FUNDING. THE LARGEST PROGRAM RISE BACKED 100 YOUTHS FOR LIFE WITH RULL-RIDE FUNDING FOR COLLEGE, THEIR START-UPS, ETC.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chalon Bridges President & CEO | OfficerTrustee | 40 | $240,000 |
Nicholas Barr Secretary | OfficerTrustee | 40 | $222,369 |
Rohan Relan Former Cto | 40 | $148,887 | |
Shyan Kashani Lead Engineer | 40 | $141,462 | |
Jing Yu Sr Sftwre Engineer | 40 | $100,212 | |
Salman Kahn Chairman | OfficerTrustee | 3 | $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 | $1,840,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,840,010 |
| Total Program Service Revenue | $0 |
| Investment income | $66 |
| 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 | $1,840,076 |
| 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. | $462,369 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $798,344 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,323 |
| Payroll taxes | $90,464 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $105,780 |
| Fees for services: Accounting | $32,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $169,929 |
| Advertising and promotion | $7,500 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,796 |
| 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 | $308,469 |
| Insurance | $12,986 |
| All other expenses | $0 |
| Total functional expenses | $2,122,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,741,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $14,146 |
| Net Land, buildings, and equipment | $22,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $939 |
| Investments—program-related | $0 |
| Intangible assets | $452,501 |
| Other assets | $0 |
| Total assets | $2,231,962 |
| Accounts payable and accrued expenses | $43,258 |
| 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 | $0 |
| Total liabilities | $43,258 |
| Net assets without donor restrictions | $2,188,704 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,231,962 |
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