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P33
P33 reported $5.8 million in revenue and $6.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.44 went to program services, $16.41 to management and general costs and $5.15 to fundraising. Its largest source of revenue was contributions and grants: 96.5% of the total. Government grants made up 19.7%. The highest compensation it reported for one person was $739,998 (CEO). 14 people received more than $100,000 in reportable compensation. Revenue fell 47% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $6.8MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $5.8MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.4% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.4% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.2% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.5% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 19.7% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.2% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $739,998 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 10.92% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 14 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 22.4 | 9.2 |
| Independent voting board members Part VI 1a–1b | 25 of 25 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseFounders - p33 is actively engaged in inclusive efforts to accelerate the flow of capital in our region so that chicago's startup and venture economy makes a significant impact on the perception, economic growth, and wellbeing of our city and our tech economy
Marketing/communications and impact - p33 unites to tell chicago's tech story to retain and attract key audiences
Talent - p33 is dedicated to cultivating, retaining, and attracting talent that reflects the diverse makeup of our region. We're focused on creating a robust tech talent pipeline inclusive of all chicagoland residents, enabling them to contribute to the digital economy while also retaining our existing tech talent. By building a more diverse tech talent pipeline, we not only foster continued innovation but also position ourselves as a global leader in promoting equity in tech
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $714,500 | $0 | $25,498 | $739,998 |
| CIO Highest compensated employee, 40.00 hrs/week | $316,333 | $0 | $29,988 | $346,321 |
| COO & EVP Officer, 40.00 hrs/week | $316,500 | $0 | $18,530 | $335,030 |
| CHIEF GROWTH OFFICER Highest compensated employee, 40.00 hrs/week | $210,000 | $0 | $13,547 | $223,547 |
| VICE PRESIDENT OF TALENT S Highest compensated employee, 40.00 hrs/week | $151,087 | $0 | $29,846 | $180,933 |
| VP OF DEEP TECH Highest compensated employee, 40.00 hrs/week | $162,500 | $0 | $12,403 | $174,903 |
| DIRECTOR OF PLATFORM Highest compensated employee, 40.00 hrs/week | $135,000 | $0 | $15,203 | $150,203 |
14 people received more than $100,000 in reportable compensation from P33 (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b25 · 25 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 519
- Volunteers Part I, line 625
Private foundation grants it received
11 private foundations reported grants to P33 totaling $1.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from P33's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for P33, you can publish a response that is linked from this page.
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Of every $100 P33 spent in FY2025, $78.44 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- United Housing ConnectionsGreenville, SC · revenue $5.6M · programs 89.5% · FY2025
- Northside Economic Opportunity NetworkMinneapolis, MN · revenue $5.9M · programs 64.6% · 2024
- Lower Roxbury Community CorporationRoxbury, MA · revenue $5.2M · programs 99.3% · 2025
- Civic Hall LabsNew York, NY · revenue $6.4M · programs 95.8% · FY2025
- Great Rivers Greenway FoundationSt Louis, MO · revenue $4.6M · programs 96.3% · 2024
All community improvement & capacity building charities · Largest charities in Illinois
Questions people ask
How much of P33's spending goes to programs?
In the fiscal year ending June 30, 2025, P33 reported that 78.4% of its $6.8 million in expenses went to program services, 16.4% to management and general and 5.2% to fundraising (Form 990, Part IX).
How much does P33 pay its top executive?
The largest total compensation P33 reported for one person in the fiscal year ending June 30, 2025 was $739,998, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does P33 get its money?
Of $5.8 million in revenue in the fiscal year ending June 30, 2025, 96.5% came from contributions and grants (including 19.7% from government grants) and 2.2% from program service revenue (Form 990, Part VIII).
Is P33 a registered charity?
The IRS lists EIN 83-2851368 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631219349302008 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531329349302623 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441349349308909 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321339349301602 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143559349300409 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202033509349300133 · read the filing
All filings for EIN 83-2851368: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.