Robotics Education And Competition Foundation Inc
- Assets
- $11.7m
- Revenue
- $23.5m
- Investments
- $0.0
- Employees
- 40
- Location
- Greenville, TX
- Founding
- 04/2007
- Data as of
- 08/2023
- EIN
- 35-2212630
Organization Overview
Robotics Education And Competition Foundation Inc, operating under the name Robotics Education & Competition Foundation, is located in Greenville, TX. The organization was established in 2007. 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 08/2023, Robotics Education & Competition Foundation employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robotics Education & Competition Foundation 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 08/2023, Robotics Education & Competition Foundation generated $23.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $18.6m during the year ending 08/2023. While expenses have increased by 10.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE STUDENT INTEREST AND INVOLVEMENT IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) BY ENGAGING STUDENTS IN HANDS ON AFFORDIABLE AND SUSTAINABLE ROBOTICS ENGINEERING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROBOTICS EDUCATION & COMPETITION FOUNDATION, INC WAS SUCCESSFUL IN INCREASING STUDENT INTEREST AND INVOLVEMENT IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS, BY ENGAGING STUDENTS IN HANDS ON SUSTAINABLE AND AFFORDIABLE CORRICULUM-BASED ROBOTICS ENGINEERING PROGRAMS AC ROSS THE US AND INTERNATIONALLY.
THE ROBOTICS EDUCATION & COMPETITION FOUNDATION, INC WAS SUCCESSFUL IN INCREASING STUDENT INTEREST AND INVOLVEMENT IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS, BY ENGAGING STUDENTS IN HANDS ON SUSTAINABLE AND AFFORDIABLE CORRICULUM-BASED ROBOTICS ENGINEERING PROGRAMS AC ROSS THE US AND INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mantz CEO | OfficerTrustee | 40 | $350,000 |
David A Norman Director | Trustee | 1 | $0 |
Warren Weeks Director | Trustee | 1 | $0 |
Ronald Arscheene Director | Trustee | 1 | $0 |
Dr Cori Latham Director | Trustee | 1 | $0 |
Dan Mantz CEO | OfficerTrustee | 40 | $350,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,660,016 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,889,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,549,247 |
| Total Program Service Revenue | $9,982,021 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,531,268 |
| 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. | $480,000 |
| Compensation of current officers, directors, key employees. | $144,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,132,017 |
| Pension plan accruals and contributions | $101,626 |
| Other employee benefits | $524,617 |
| Payroll taxes | $284,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $412,515 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $467,054 |
| Travel | $1,479,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,019 |
| Insurance | $13,656 |
| All other expenses | $200,702 |
| Total functional expenses | $18,634,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,727,802 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,974,527 |
| 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 | $0 |
| Net Land, buildings, and equipment | $20,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,722,759 |
| Accounts payable and accrued expenses | $94,283 |
| 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 | $7,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $623,953 |
| Total liabilities | $725,871 |
| Net assets without donor restrictions | $9,849,667 |
| Net assets with donor restrictions | $1,147,221 |
| 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 | $11,722,759 |