Techpoint Foundation Inc
- Assets
- $1.4m
- Revenue
- $1.1m
- Investments
- $545.2k
- Employees
- 6
- Location
- Indianapolis, IN
- Founding
- 04/2002
- Data as of
- 06/2021
- EIN
- 35-2155455
Organization Overview
Techpoint Foundation Inc, operating under the name Techpoint Foundation For Youth, is located in Indianapolis, IN. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Techpoint Foundation For Youth employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Techpoint Foundation For Youth 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 06/2021, Techpoint Foundation For Youth generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $673.4k during the year ending 06/2021. While expenses have increased by 3.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TECHPOINT FOUNDATION IS A VENTURE PHILANTHROPY ORGANIZATION INCUBATING SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS PROGRAMS FOR HIGH STUDENT IMPACT AND SCALABLE FOR UNDERSERVED POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEM PARTNER PROGRAM (FORMERLY US2020) A STATEWIDE EFFORT TO MATCH SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) PROFESSIONALS, TO SERVE IN THE ROLE AS A MENTOR, VOLUNTEER, OR COACH, WITH UNDERREPRESENTED STUDENT POPULATIONS ENGAGING IN HIGH IMPACT STEM PROGRAMS. DURING THE 2020-2021 SCHOOL YEAR, 71 STEM PROFESSIONALS ASSISTED IN THE ROLE OF A MENTOR, VOLUNTEER OR COACH AND SERVED APPROXIMATELY 1,775 STUDENTS AT 71 CLASSROOMS THROUGHOUT INDIANAPOLIS.
CODERDOJO INDIANA - AN INDIANA STATEWIDE EFFORT TO START AND SUSTAIN FREE COMPUTER SCIENCE EDUCATION PROGRAMS FOR STUDENTS AGE SEVEN TO SEVENTEEN. PROGRAMS ARE LOCATED IN COMMUNITY CENTERS, SCHOOLS, LIBRARIES AND COLLABORATIVE WORKSPACES AND TYPICALLY RUN BY COMPUTER SCIENCE PROFESSIONALS. DURING THE 2020-21 SCHOOL YEAR, 44 DOJOS WERE ACTIVE BUT HAD DIFFICULTY MEETING DUE TO COVID RESTRICTIONS. THERE WERE ROUGHLY 66 ADULT CHAMPIONS (VOLUNTEERS), AND AROUND 500 NINJAS (AKA STUDENTS) WERE SERVED
STATE ROBOTICS INITIATIVE - A STATEWIDE EFFORT TO START NEW VEX IQ ROBOTICS TEAMS IN INDIANA SCHOOLS. AWARDED SCHOOLS RECEIVED ESSENTIAL SUPPLIES AND EQUIPMENT AND PROFESSIONAL DEVELOPMENT TO START A TEAM FOR STUDENTS IN 1ST - 12TH GRADE. DURING THE 2020-2021 SCHOOL YEAR, 81 TEAMS RECEIVED GRANTS AND TEAMS WERE FORMED AS A RESULT OF THIS EFFORT. 146 GRANT TEAMS FROM THE 2016-19 SCHOOL YEARS RETURNED. 13,503 STUDENTS WERE EXPOSED TO ROBOTICS PROGRAMMING IN AND OUTSIDE OF THE CLASSROOM AS A RESULT OF THIS EFFORT. 760 TEACHERS SERVED AS COACHES AND 204 VOLUNTEERS ASSISTED WITH ROBOTICS TOURNAMENTS ACROSS THE STATE.
OTHER SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS PROGRAMS FOR HIGH STUDENT IMPACT AND UNDERSERVED POPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Giltner Pres & Ceo/vp Of Programs | OfficerTrustee | 40 | $74,275 |
Tom Adkins Chair | OfficerTrustee | 1.25 | $0 |
Gail Farnsley Secretary | OfficerTrustee | 1.25 | $0 |
Linda Hicks Vice Chair/ Gov Comm | OfficerTrustee | 1.25 | $0 |
Jessica Kline Treasurer | OfficerTrustee | 1.25 | $0 |
Amy Kemper Board Member | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,315 |
| Related organizations | $0 |
| Government grants | $499,192 |
| All other contributions, gifts, grants, and similar amounts not included above | $414,317 |
| Noncash contributions included in lines 1a–1f | $60,982 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,001,824 |
| Total Program Service Revenue | $0 |
| Investment income | $3,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $47,974 |
| Net Income from Fundraising Events | -$2,360 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,069,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,989 |
| Compensation of current officers, directors, key employees. | $14,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,059 |
| Pension plan accruals and contributions | $5,863 |
| Other employee benefits | $45,959 |
| Payroll taxes | $19,915 |
| Fees for services: Management | $18,268 |
| Fees for services: Legal | $17,827 |
| Fees for services: Accounting | $22,372 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,621 |
| Office expenses | $8,424 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,600 |
| Travel | $136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,579 |
| All other expenses | $2,806 |
| Total functional expenses | $673,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,835 |
| Savings and temporary cash investments | $330,918 |
| Pledges and grants receivable | $65,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $815 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $545,156 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,410,724 |
| Accounts payable and accrued expenses | $49,794 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,794 |
| Net assets without donor restrictions | $770,697 |
| Net assets with donor restrictions | $590,233 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,410,724 |
Grants Awarded
Over the last fiscal year, Techpoint Foundation Inc has awarded $61,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: PROGRAM SUPPORT | $10,000 |
CRESTON MIDDLE SCHOOL PURPOSE: TECHNOLOGY INVSTMNT | $5,724 |
CAREER ACADEMY OF SOUTH BEND PURPOSE: TECHNOLOGY INVSTMNT | $5,724 |
IPS HARSHMANN | | | $5,724 |
INDIANA MATH & SCIENCE ACADEMY WEST PURPOSE: TECHNOLOGY INVSTMNT | $5,724 |
CARDINAL RITTER HIGH SCHOOL PURPOSE: TECHNOLOGY INVSTMNT | $5,724 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Techpoint Foundation Inc has recieved totaling $256,477.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: Statewide Robotics Initiative Expansion - Building | $200,000 |
Rsm Us Foundation Davenport, IA PURPOSE: YOUTH EDUCATION, HEALTH, HOUSING, AND/OR HUNGER | $20,199 |
Organization Name not Listed PURPOSE: GENERAL | | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,209 |
Centerpoint Energy Foundation Inc Houston, TX PURPOSE: INDIANAS FUTURE STEM WORKFORCE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Endowment Analysis
| Beg. Balance | $405,378 |
| Earnings | $144,801 |
| Admin Expense | $5,023 |
| Ending Balance | $545,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
Spencer Foundation Chicago, IL | $670,624,797 | $32,472,140 |
Childrens First Fund The Chicago Public School Foundation Chicago, IL | $26,791,850 | $26,985,163 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |