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Project Purple Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273492063 ✦ Seymour, CT ✦ Designated as a 501(c)(3)

Overview

What is Project Purple Inc?

Project Purple Inc, based in Seymour, Connecticut, is a dedicated nonprofit organization with a mission to combat pancreatic cancer. Their primary funding source stems from participatory events, such as marathons, half-marathons, and 5K races, which attract runners from around the globe, many of whom have been personally affected by this disease. Project Purple's primary objective is to raise awareness and funds for pancreatic cancer research, aiming to contribute to the discovery of a cure. Beyond fundraising, Project Purple also motivates individuals to participate in renowned marathons and half-marathons, serving as a platform for mission-critical fundraising efforts. The organization's commitment to this cause is supported by a team of 13 dedicated individuals.


Official website here: www.projectpurple.org

Is Project Purple Inc legitimate?

Project Purple Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Project Purple Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $181,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,642

For more financial information, click here


Official website here: www.projectpurple.org

What is the mission statement of Project Purple Inc?

Project Purple Inc's mission is centered around raising awareness and securing funds for the cure of pancreatic cancer. In addition to this, the organization motivates individuals to participate in renowned marathons and half marathons globally, with the primary goal of raising mission-critical funds. Their team comprises runners from various parts of the world, many of whom have been personally affected by pancreatic cancer. The funds raised through these events serve as a significant source of financing for their cause.


Official website here: www.projectpurple.org

Who is the CEO of Project Purple Inc?

Sandino Verrelli is the President of Project Purple Inc.


Official website here: www.projectpurple.org

What is the revenue of Project Purple Inc?

Project Purple Inc's revenue in 2022 was $1,765,053.


Official website here: www.projectpurple.org

Who are the executives of Project Purple Inc and what are their salaries?

The average compensation at Project Purple Inc during 2022 was $30,002. There are 13 employees and 25 volunteers at Project Purple Inc.

Here are 9 key members and their salaries:

    Sandino Verrelli (Founder And) [Trustee/Director]
  • Compensation: $160,668
  • Related: $0
  • Other: $2,274

    • Bryan Lively (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Zellner (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Palios (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Balducci (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Luongo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bret Schipper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brent Sheehan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Polio - Outgoing (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.projectpurple.org

    Where can I find the form 990 for Project Purple Inc?

    The Project Purple Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.projectpurple.org

    Learn more at the official website: www.projectpurple.org

    Mission Statement of Project Purple Inc

    Project Purple Inc is dedicated to raising awareness and gathering funds towards finding a cure for pancreatic cancer. In addition to this, the organization motivates individuals to participate in renowned marathons and half-marathons globally, with the primary objective of raising mission-critical funds. Their team, comprising runners from various parts of the world, has been impacted by pancreatic cancer, making their efforts even more meaningful and heartfelt.

    Impact

    This information is meant to be a general summary of Project Purple Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Project Purple Inc's impact is focused on raising awareness and funds towards finding a cure for pancreatic cancer. Through their program and marathon activities, they engage participants in running in renowned marathons and half marathons to raise critical funds for their mission. Their team comprises individuals from around the world, many of whom have personal connections to pancreatic cancer. By organizing these events and encouraging others to participate, Project Purple Inc plays a vital role in supporting medical research and advocacy efforts related to pancreatic cancer.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,874
  • Program Service Revenue: $31,579
  • Gross Receipts: $1,824,211

    • Assets and Liabilities:
  • Total Assets: $1,495,812
  • Total Liabilities: $87,657
  • Net Assets: $1,408,155
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EVENT REGISTRATION FEES

    Revenue

    $31,579

    Organization Details

    Founding Year

    2010

    Principal Officer

    Sandino Verrelli

    Main Address

    115 MAIN STREET SUITE 1, SEYMOUR, CT, 06483

    NTEE Category

    Code: H12 - Medical research

    If you are a representative of Project Purple Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.