Dayton, OH – Parallax Advanced Research announced on March 18, 2024, its receipt of the Candid Platinum Seal of Transparency for the third consecutive year. This recognition underscores Parallax's dedication to transparency and accountability in its operations. Candid, formerly known as Guidestar, stands as the world's foremost repository of nonprofit information, offering stakeholders vital insights into nonprofit organizations.
The platinum seal, Candid's highest accolade, signifies Parallax's surpassing of industry benchmarks for transparency. In achieving the 2024 Platinum Seal, Parallax actively shares comprehensive details and updates regarding its mission, capabilities, strategic direction, financial standing, diverse workforce composition, CEO leadership initiatives, and impactful outcomes.
Dennis Andersh, president, and CEO, said, "Transparency lies at the heart of our commitment to accountability at Parallax. We recognize our role as guardians of public trust and remain steadfast in upholding it across all facets of our operations. Our unwavering commitment to transparency ensures that our stakeholders place unwavering trust in our mission."
The Platinum Seal stands as a hallmark of integrity within the nonprofit sector, widely acknowledged as the standard-bearer for nonprofit excellence. Among the 1.7 million nonprofits registered with the IRS, less than 1% are bestowed with the Platinum Seal of Transparency, placing recipients in an exclusive echelon.
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About Parallax Advanced Research
Parallax Advanced Research is a 501(c)(3) private nonprofit research institute that tackles global challenges through strategic partnerships with government, industry, and academia. It accelerates innovation, addresses critical global issues, and develops groundbreaking ideas with its partners. With offices in Ohio and Virginia, Parallax aims to deliver new solutions and speed them to market. In 2023, Parallax and the Ohio Aerospace Institute (OAI) formed a collaborative affiliation to drive innovation and technological advancements in Ohio and for the Nation. OAI plays a pivotal role in advancing the aerospace industry in Ohio and the nation by fostering collaborations between universities, aerospace industries, and government organizations and managing aerospace research, education, and workforce development projects. More information about both organizations can be found at Parallax and OAI websites.
