Tranform chicago into a tier one technology and innovation hub and promote inclusive economic growth.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $758K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $2.2M
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$348K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
-49% vs prior year
Spent
$5.6M
To programs
84%
Net assets
$9.3M
By yearFY2021–FY2025
Revenue
$3.4M
FY2022▼ -49%
Tap a bar for its year
Revenue by fiscal year
FY2021$6.7M
FY2022$3.4M
FY2023$3.6M
FY2024$12.7M
FY2025$5.8M
Expenses
$5.6M
FY2022▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2021$4.0M
FY2022$5.6M
FY2023$5.7M
FY2024$6.4M
FY2025$6.8M
Net assets
$9.3M
FY2022▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2021$11.3M
FY2022$9.3M
FY2023$7.2M
FY2024$13.7M
FY2025$12.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $4.7M Management & general 13% · $716K Fundraising 3% · $151K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$510,319Pt VII · Sec A
Chief Marketing Officer
$202,883Pt VII · Sec A
COO/Secretary
$202,841Pt VII · Sec A
Chief Impact Officer
$200,770Pt VII · Sec A
SVP, Industry
$195,089Pt VII · Sec A
Executive Director, Start Right
$182,232Pt VII · Sec A
VP, Deep Tech
$147,114Pt VII · Sec A
Director
$0Pt VII · Sec A

Brad Henderson’s $714K as CEO is at the 99th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Brad Henderson$714,500$611,173$577,500$510,319—
Bradley Henderson————$476,432
Nuwan Samaraweera$316,500$296,931$233,000$202,841$175,324
Desiree Vargas Wrigley$316,333$294,045$258,500$182,232—
Michele Hoffmann————$224,070
Brandi Bridges———$195,089$220,999
Matt Muench——$211,000$200,770$168,338
Tifair Gillespie Hamed$210,000$198,326———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See P33 executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Collaborates with Chicago communities to build a diverse tech talent pipeline and establish the region as a global leader in inclusive digital innovation.

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Provided by the organization

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3 programs · $3.8M · in their own filed words · FY2021
01

Ventures/Founders

P33 works to close startup gaps by supporting entrepreneurs in hard tech, growth stage, and diverse communities.

$2.1Mprogram expense
02

Talent

P33 works to build the most digitally prepared workforce and create equitable access to tech careers.

$853Kprogram expense
03

Deep Tech/Regional Priorities

P33 translates frontier science into commercial impact.

$847Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 124 grants · $3.6M · 2020–2024
Pulse Charter Connect INCFY2024$100,000
Momentum Coffee Holding INCFY2024$25,000
Trinum Apps CoFY2024$25,000
Arrington and Medina LLCFY2024$25,000
Acorn Genetics INCFY2024$25,000
Truefiktion LLCFY2024$25,000
Banrion Capital Management INCFY2024$25,000
Cricket Hill INCFY2024$25,000
The Rb Premium Products LLCFY2024$25,000
Round Grow INCFY2024$25,000
Salubata INCFY2024$25,000
The Dev Difference LLCFY2024$25,000
Bracketologytv INCFY2024$15,000
Sign Nerds INCFY2024$10,000
Babygami CoFY2023$100,000
Satin Sheen Cleaning Services LLCFY2023$25,000
Route INCFY2023$25,000
See all 124 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$3.4M
Investment incomeLn 3$3K
Money outPt IX
$5.6M
Ln 25
Programscol B$4.7M
Managementcol C$716K
Fundraisingcol D$151K
Owns and owesPt X
$9.3M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$9.7M
LiabilitiesLn 26$348K
PeoplePt VI, VII
28
listed · VII A
PaidVII A7
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Investment incomeLn 3$3K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$3.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$112K
Other assetsLn 15$0
Total assetsLn 16$9.7M
LiabilitiesLn 26$348K
Net assetsLn 32$9.3M
OperationsPt I, VI
EmployeesI 519
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$3.1M$3.1M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$91K$112K
Total assetsLn 16$11.6M$9.7M
LiabilitiesLn 26$281K$348K
Net assetsLn 32$11.3M$9.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Pay of current officers, directors and key staffLn 5$828K$561K$157K$109K
Other salaries and wagesLn 7$1.7M$1.5M$214K$20K
Pension plan contributionsLn 8$54K$47K$7K$112
Other employee benefitsLn 9$139K$116K$18K$5K
Payroll taxesLn 10$142K$114K$21K$7K
Accounting feesLn 11c$44K$44K
Other fees for servicesLn 11g$392K$328K$63K
Advertising and promotionLn 12$64K$64K
Office expensesLn 13$22K$15K$7K$471
Information technologyLn 14$121K$105K$14K$2K
OccupancyLn 16$336K$228K$100K$8K
TravelLn 17$49K$12K$37K
Conferences, conventions and meetingsLn 19$113K$111K$3K
InterestLn 20$439$439
Depreciation, depletion and amortizationLn 22$35K$32K$3K$502
InsuranceLn 23$17K$17K
All other expensesLn 24e$15K$5K$10K
Total functional expensesLn 25$5.6M$4.7M$716K$151K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.8M$6.8M−$1.0M$12.7M 990 PDF
FY2024 $12.7M$6.4M$6.3M$13.7M 990 PDF
FY2023 $3.6M$5.7M−$2.1M$7.2M 990 PDF
FY2022 Viewing $3.4M$5.6M−$2.1M$9.3M 990 PDF
FY2021 $6.7M$4.0M$2.8M$11.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $3,440,251 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,722,632$3,437,171
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,969$3,080
I-11 Other revenuePrior year $46$0
I-12 Total revenuePrior year $6,724,647$3,440,251
I-13 Grants and similar amounts paidPrior year $334,629$1,524,712
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,549,883$2,854,847
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,071,327$1,207,968
I-18 Total expensesPrior year $3,955,839$5,587,527
I-19 Revenue less expensesPrior year $2,768,808−$2,147,276
Part VI · Governance 21 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,440,251 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,437,171
VIII-1h Total contributions, gifts and grants$3,437,171
VIII-3 Investment incomeExcluded from tax $3,080$3,080
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,080$3,440,251
Part IX · Statement of functional expenses $5,587,527 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $1,524,712$1,524,712
IX-5 Pay of current officers, directors and key staffPrograms $561,394 · Management $157,456 · Fundraising $108,993$827,843
IX-7 Other salaries and wagesPrograms $1,457,293 · Management $214,457 · Fundraising $19,825$1,691,575
IX-8 Pension plan contributionsPrograms $46,701 · Management $6,871 · Fundraising $112$53,684
IX-9 Other employee benefitsPrograms $116,451 · Management $18,469 · Fundraising $4,547$139,467
IX-10 Payroll taxesPrograms $114,441 · Management $20,836 · Fundraising $7,001$142,278
IX-11c Accounting feesManagement $43,555$43,555
IX-11g Other fees for servicesPrograms $328,063 · Management $63,488$391,551
IX-12 Advertising and promotionPrograms $63,958$63,958
IX-13 Office expensesPrograms $14,730 · Management $6,880 · Fundraising $471$22,081
IX-14 Information technologyPrograms $104,763 · Management $14,373 · Fundraising $1,607$120,743
IX-16 OccupancyPrograms $228,034 · Management $100,422 · Fundraising $7,912$336,368
IX-17 TravelPrograms $11,715 · Management $36,937$48,652
IX-19 Conferences, conventions and meetingsPrograms $110,668 · Management $2,796$113,464
IX-20 InterestPrograms $439$439
IX-22 Depreciation, depletion and amortizationPrograms $31,573 · Management $3,089 · Fundraising $502$35,164
IX-23 InsuranceManagement $17,134$17,134
IX-24e All other expensesPrograms $5,324 · Management $9,535$14,859
IX-25 Total functional expensesPrograms $4,720,259 · Management $716,298 · Fundraising $150,970$5,587,527
Part X · Balance sheet $9,667,963 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $3,074,531$3,057,842
X-3 Pledges and grants receivableStart of year $8,371,461$6,402,714
X-4 Accounts receivableStart of year $0$4,012
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $55,954$91,120
X-10c Land, buildings and equipment, netStart of year $90,650$112,275
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $5,633$0
X-16 Total assetsStart of year $11,598,229$9,667,963
X-17 Accounts payable and accrued expensesStart of year $192,408$248,694
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $88,764$99,488
X-26 Total liabilitiesStart of year $281,172$348,182
X-27 Net assets without donor restrictionsStart of year $2,219,427$2,499,988
X-28 Net assets with donor restrictionsStart of year $9,097,630$6,819,793
X-32 Total net assets or fund balancesStart of year $11,317,057$9,319,781
X-33 Total liabilities and net assetsStart of year $11,598,229$9,667,963
Part XI · Reconciliation of net assets $9,319,781 net assets at year end
XI-1 Total revenue$3,440,251
XI-2 Total expenses$5,587,527
XI-3 Revenue less expenses−$2,147,276
XI-4 Net assets at start of year$11,317,057
XI-9 Other changes in net assets$150,000
XI-10 Net assets at end of year$9,319,781

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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