Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
71 cents of each dollar spent went to programs.
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
3 people listed on the 990; $72K paid to officers and key staff.
Bar Pereg’s $72K as President & Executive Director is at the 49th percentile of top reported officer pay among 1709 $100K–1M 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.
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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
Accelerates solutions to global needs using existing technologies.
Questions for Pollylabs Foundation
Your first name shows with your question. Pollylabs Foundation answers here, for everyone.
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Repurposing technology for good utilize their funding to help relaunch existing technology ventures through the foundation's unique incubation process, where they address the urgent, solvable problems and provide support in order for the technologies to achieve SCALE.INFLUENCE: organizes events, pitch competitions, and gatherings to…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $50K | $180K |
| Total assetsLn 16 | $50K | $180K |
| LiabilitiesLn 26 | $6K | $4K |
| Net assetsLn 32 | $44K | $176K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants and assistance to foreign recipientsLn 3 | $25K | $25K | ||
| Pay of current officers, directors and key staffLn 5 | $72K | $58K | $8K | $6K |
| Other salaries and wagesLn 7 | $163K | $132K | $18K | $13K |
| Payroll taxesLn 10 | $20K | $16K | $2K | $2K |
| Legal feesLn 11b | $29K | $29K | ||
| Accounting feesLn 11c | $3K | $3K | ||
| Other fees for servicesLn 11g | $16K | $16K | ||
| Office expensesLn 13 | $6K | $5K | $695 | $499 |
| OccupancyLn 16 | $7K | $5K | $734 | $527 |
| TravelLn 17 | $13K | $11K | $1K | $1K |
| Conferences, conventions and meetingsLn 19 | $2K | $1K | $190 | $137 |
| InsuranceLn 23 | $2K | $1K | $195 | $140 |
| Total functional expensesLn 25 | $358K | $255K | $80K | $22K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $489K | $358K | $132K | $176K | 990 PDF |
| FY2023 | $88K | $44K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $489,188 revenue, 12 lines filed
Part VI · Governance 2 of 3 board members independent, no flags
Part VIII · Statement of revenue $489,188 across 3 lines filed
Part IX · Statement of functional expenses $357,566 across 12 lines filed
Part X · Balance sheet $179,961 assets, 7 lines filed
Part XI · Reconciliation of net assets $175,977 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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