High Tech Kids
- Assets
- $412.5k
- Revenue
- $651.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Eagan, MN
- Founding
- 04/2000
- Data as of
- 12/2022
- EIN
- 41-1959073
Organization Overview
High Tech Kids is located in Eagan, MN. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, High Tech Kids employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Tech Kids 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 12/2022, High Tech Kids generated $651.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $595.7k during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DELIVERS FUN STEM PROGRAMS AND EVENTS THAT HELP MINNESOTA KIDS IN THEIR FORMATIVE GRADE K-12 YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST LEGO LEAGUE: HIGH TECH KIDS SUPPORTED OVER 2,850 MINNESOTA STUDENTS IN OUR FIRST LEGO LEAGUE PROGRAM (FOR STUDENTS AGES 9 TO 14) THIS YEAR. HIGH TECH KIDS PROVIDED TRAINING TO COACHES, EDUCATORS, VOLUNTEERS AND TEAMS IN SUPPORT OF OUR LARGEST STEM PROGRAM. HIGH TECH KIDS ORGANIZES TOURNAMENTS FOR STUDENTS TO SHARE THEIR WORK AND OUR TRAINED EVENT VOLUNTEERS DETERMINE TEAM AWARDS AND ADVANCEMENT. TOP TEAMS IN OUR REGIONAL TOURNAMENTS ADVANCED TO OUR 66 TEAM MINNESOTA STATE CHAMPIONSHIP.
FIRST LEGO LEAGUE EXPLORE: HIGH TECH KIDS SUPPORTED OVER 750 MINNESOTA STUDENTS IN OUR FIRST LEGO LEAGUE EXPLORE PROGRAM (FOR STUDENTS AGES 6 TO 9) THIS YEAR. HIGH TECH KIDS OFFER A CHOICE OF A VIDEO SUBMISSION OR AN IN PERSON EXPOS. HIGH TECH KIDS ORGANIZES EXPOS FOR STUDENTS TO SHARE THEIR WORK AND OUR TRAINED EVENT VOLUNTEERS DETERMINE TEAM AWARDS.
FIRST TECH CHALLENGE: HIGH TECH KIDS SUPPORTED OVER 1,175 MINNESOTA STUDENTS IN OUR FIRST TECH CHALLENGE PROGRAM (FOR STUDENTS AGES 13 TO 18) THIS YEAR. HIGH TECH KIDS PROVIDED TRAINING TO COACHES, EDUCATORS, VOLUNTEERS AND TEAMS IN SUPPORT OF OUR MIDDLE AND HIGH SCHOOL STEM PROGRAM. HIGH TECH KIDS ORGANIZES TOURNAMENTS FOR STUDENTS TO SHARE THEIR WORK AND OUR TRAINED EVENT VOLUNTEERS DETERMINE TEAM AWARDS AND ADVANCEMENT. TOP TEAMS IN OUR QUALIFIER AND LEAGUE TOURNAMENTS ADVANCED TO OUR 48 TEAM MINNESOTA STATE CHAMPIONSHIP.
CODERZ LEAGUE AND CAMPS: HIGH TECH KIDS SUPPORTED MINNESOTA STUDENTS IN CODERZ LEAGUE - A VIRTUAL CYBER ROBOTICS COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Larson Chair | OfficerTrustee | 1 | $0 |
Anne Marie Deboard Vice Chair | OfficerTrustee | 1 | $0 |
Carrie Ommen Treasurer | OfficerTrustee | 1 | $0 |
Kevin Hansen Secretary | OfficerTrustee | 1 | $0 |
Dan Carlson Director | Trustee | 0.3 | $0 |
Ron Davies Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,452 |
| All other contributions, gifts, grants, and similar amounts not included above | $400,086 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,538 |
| Total Program Service Revenue | $180,240 |
| Investment income | $6,605 |
| 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 | $8,133 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $651,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,722 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,267 |
| Compensation of current officers, directors, key employees. | $22,317 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,297 |
| Fees for services: Other | $3,305 |
| Advertising and promotion | $0 |
| Office expenses | $24,211 |
| Information technology | $30,656 |
| Royalties | $0 |
| Occupancy | $64,770 |
| Travel | $12,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,894 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,110 |
| Insurance | $12,335 |
| All other expenses | $10,567 |
| Total functional expenses | $595,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,898 |
| Savings and temporary cash investments | $127,662 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,186 |
| Investments—publicly traded securities | $90,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,431 |
| Total assets | $412,546 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,808 |
| Total liabilities | $4,808 |
| Net assets without donor restrictions | $407,738 |
| Net assets with donor restrictions | $0 |
| 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 | $412,546 |