Hack Ny Inc
- Assets
- $243.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 03/2013
- Data as of
- 09/2023
- EIN
- 27-3758609
Organization Overview
Hack Ny Inc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hack NY Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Hack NY Inc generated $102.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $74.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE SUMMER FELLOWS PROGRAM PAIRS QUANTITATIVE AND COMPUTATIONAL STUDENTS WITH STARTUPS WHICH CAN DEMONSTRATE A STRONG MENTORING ENVIRONMENT. STUDENTS ATTEND PEDAGOGICAL LECTURE SERIES TO INTRODUCE THEM TO THE INS AND OUTS OF JOINING AND FOUNDING STARTUP COMPANIES. THE PROGRAMS ARE DESIGNED TO PUT THE STUDENT INTO A REAL LIFE SITUATION WHEREBY THEY (1) RECEIVE REAL LIFE ASSIGNMENTS, (2) ARE MENTORED BY INDIVIDUALS WITH EXTENSIVE EXPERIENCE IN THEIR FIELD, AND (3) HAVE AN OPPORTUNITY TO WORK IN A PROFESSIONAL ENVIRONMENT.A "HACKATHON" (A HACKER NEOLOGISM) IS AN EVENT WHEN PROGRAMMERS MEET TO DO COLLABORATIVE COMPUTER PROGRAMMING. THE SPIRIT OF THE EVENTS IS TO COLLABORATIVELY BUILD PROGRAMS AND APPLICATIONS. AS A RESULT OF THESE HACKATHONS, STUDENTS RECEIVE A SIGNIFICANT BENEFIT FROM THEIR PROJECTS IN THAT THEY MEET IN PERSON, SOCIALIZE, AND START TO COMMUNICATE MORE EFFECTIVELY THAN WHEN WORKING TOGETHER REMOTELY. THESE SESSIONS ALLOW THE STUDENTS TO LEAVE THE ACADEMIC CLASSROOM, MEET AND COMPETE WITH THEIR PEERS AND PROVIDE AN ENVIRONMENT FOR THEM TO EASILY COMMUNICATE WITH OTHERS IN THEIR RESPECTIVE FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Wu Chairman | 1 | $0 | |
Evan Korth Treasurer | 1 | $0 | |
Chris Wiggins Co-President | 1 | $0 | |
Sandile Keswa Director | 1 | $0 | |
Randall Hunt Director | 1 | $0 | |
Amy Quispe Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,393 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $102,413 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $900 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $73,379 |
| Total expenses | $74,279 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $228,373 |
| Other assets | $0 |
| Total assets | $243,223 |
| Total liabilities | $1,627 |
| Net assets or fund balances | $241,596 |