Hackbeanpot Inc
- Assets
- $11.2k
- Revenue
- $13.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 47-1665306
Organization Overview
Hackbeanpot Inc is located in Belmont, MA. The organization was established in 2014. According to its NTEE Classification (B80) the organization is classified as: Student 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. Hackbeanpot 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 12/2021, Hackbeanpot Inc generated $13.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $7.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HOST AN ANNUAL HACKATHON TO INSPIRE HIGH SCHOOL UNDERGRADUATE AND GRADUATE STUDENTS TO EXPLORE THEIR INTERESTS IN THE TECHNOLOGY INDUSTRY SUCH AS COMPUTER SCIENCE USE EXPERIENCE DESIGN AND ENGINEERING. 200 STUDENTS CREATE TECHNICAL PROJECTS WITHIN 48 HOURS WITH THE HELP OF 20 MENTORS AND REVIEWED BY 8 JUDGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Yan Director | 10 | $0 | |
Bayden Ibrahim Director | 10 | $0 | |
Judy Zhang Director | 10 | $0 | |
Karen Li Director | 10 | $0 | |
Sreya Katabathuni Director | 10 | $0 | |
Spencer Shao Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,407 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,395 |
| Total operating and administrative expenses | $7,395 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $7,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,166 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,166 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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