Hack Reduce Inc
- Assets
- $4.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, MA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 45-5290831
Organization Overview
Hack Reduce Inc is located in Arlington, MA. The organization was established in 2014. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hack Reduce Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE HACK/REDUCE MISSION IS TO HELP BOSTON CREATE THE TALENT AND TECHNOLOGIES THAT WILL SHAPE OUR FUTURE IN A BIG DATA-DRIVEN ECONOMY BY PROMOTING THE GROWTH AND DEVELOPMENT OF THE TECHNOLOGIES AND SKILLS REQUIRED TO PROCESS, ANALYZE AND APPLY DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederic Lalonde President | 5 | $0 | |
Cortland Johnson Executive Director | 5 | $0 | |
Christopher Lynch Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,442 |
| Total expenses | $3,442 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,647 |
| Other assets | $0 |
| Total assets | $4,647 |
| Total liabilities | $175,688 |
| Net assets or fund balances | -$171,041 |
Grants Awarded
Over the last fiscal year, Hack Reduce Inc has awarded $234,816 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: UNRESTRICTED. | $78,272 |
Newton, MA PURPOSE: UNRESTRICTED. | $78,272 |
Monrovia, CA PURPOSE: UNRESTRICTED | $78,272 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hack Reduce Inc has recieved totaling $24,720.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $12,360 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $12,360 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Rhode Island Research Foundation Kingston, RI | $7,209,460 | $8,986,945 |
Public Archaeology Laboratory Inc Pawtucket, RI | $13,550,975 | $5,708,480 |
William & Mary Greve Foundation Inc Norfolk, CT | $26,806,956 | $4,445,583 |
American Vacuum Society Incorporated New York, NY | $15,639,477 | $3,580,323 |
Art Science Research Laboratory Inc New York, NY | $240,453 | $3,090,633 |
Interaction Institute Boston, MA | $4,627,027 | $4,733,561 |
New York Wine Grape Foundation Penn Yan, NY | $1,037,774 | $2,662,535 |
Fragrance Foundation Inc New York, NY | $4,383,743 | $2,574,957 |
Policy Research Inc Delmar, NY | $614,854 | $1,916,396 |
The Solar Foundation Albany, NY | $0 | $1,336,664 |
Research Institute For Learning And Development Lexington, MA | $900,600 | $1,374,678 |
New York State Association For Latham, NY | $359,200 | $986,634 |