P33 EIN 83-2851368

P33 FY2022 filing

EIN  83-2851368 Public charity (501(c)(3)) Chicago, IL Founded 2019
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/21/26 · see original filing: IRS
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Size
$1–10M
What they do
Collaborates with Chicago communities to build a diverse tech talent pipeline and establish the region as a global leader in inclusive digital innovation.
Leadership
Brad Henderson · CEO · $510K
Money in and out
$3.4M revenue, $5.6M expenses
Bottom line
84% program efficiency

Collaborates with Chicago communities to build a diverse tech talent pipeline and establish the region as a global leader in inclusive digital innovation. For fiscal year 2022 it reported $3.4M in revenue, $5.6M in expenses, and $9.3M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$3.4M
Pt VIII · Ln 12
Total expenses
$5.6M
Pt IX · Ln 25
Net assets
$9.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2.1M
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.13 Fundraising $0.03
Program efficiency
84%
of spending reaches programs
Operating runway
6.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-62%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$3.4M
FY2022▼ -49%
Expenses
$5.6M
FY2022▲ +41%
Total assets
$9.7M
FY2022▼ -17%
Total liabilities
$348K
FY2022▲ +24%
Total revenue
$3.4M
Pt VIII · Ln 12
Total expenses
$5.6M
Pt IX · Ln 25
Net assets
$9.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$2.1M
Total assetsPt X · Ln 16$9.7M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 321
Independent voting membersPt I · Ln 421
Mission & Programs · Part III

Where the work happens

3 program services account for $3.8M of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CP33
EINHdr · item D83-2851368
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.p33chicago.com
Year of formationHdr · item L2019
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a21
Independent voting membersPt VI · Ln 1b21
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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 2834 $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

NameFY2024FY2024FY2023FY2022FY2021
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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Statement of Revenue

Part VIII
Contributions & grants100%$3.4M
Investment income$3K
Total revenueLn 12$3.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.13 Fundraising $0.03
Program services84%$4.7M
Management & general13%$716K
Fundraising3%$151K
Total functional expensesLn 25$5.6M

Balance Sheet

Part X · end of year
CashLn 1$3.1M
Total assetsLn 16$9.7M
Total liabilitiesLn 26$348K
Total net assetsLn 32$9.3M
Months of cash on handcomputed6.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.1M · Operating expenses/yr $5.6M
6.6 months
Where the money goes
Program services
Program services $4.7M · Total expenses $5.6M
84%
Management & General
Management & general $716K · Total expenses $5.6M
13%
Fundraising
Fundraising $151K · Total expenses $5.6M
3%
Cost to raise $1
Fundraising expense (2-yr avg) $136K · Solicited contributions (2-yr avg) $5.1M
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.4M · Total revenue $3.4M
100%
Government reliance
Government grants — · Total revenue $3.4M
Earned-income share
Program service revenue $0 · Total revenue $3.4M
0%
Investment reliance
Investment income $3K · Total revenue $3.4M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $5.6M
0%
Growth & trend
Revenue growth (YoY)
This year $3.4M · Prior year $6.7M
-49%
Net-asset trend (YoY)
End of year $9.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.4M · Expenses $5.6M
-62%
Liabilities-to-Assets
Total liabilities — · Total assets $9.7M
Net-asset ratio
Net assets $9.3M · Total assets $9.7M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $9.7M
0%
People & payroll
Highest Reported Total Compensation
Individual Brad Henderson · Reported title CEO · Highest reported compensation $510K · Total expenses $5.6M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.9M · Total expenses $5.6M
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 13%
Fundraising cost ratio 4%
Revenue growth -49%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 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 →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$12.7M revenue · ⤓ 990 PDF
FY2023$3.6M revenue · ⤓ 990 PDF
FY2022$3.4M revenue · viewing · ⤓ 990 PDF
FY2021$6.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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