Engineering Tomorrow Co
- Assets
- $11.8m
- Revenue
- $3.6m
- Investments
- $7.3m
- Employees
- 0
- Location
- Fairfax Station, VA
- Founding
- 03/2015
- Data as of
- 08/2023
- EIN
- 47-2601470
Organization Overview
Engineering Tomorrow Co is located in Fairfax Station, VA. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Engineering Tomorrow Co 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, Engineering Tomorrow Co generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $3.9m during the year ending 08/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
240810 INDIVIDUAL LABS WERE COMPLETED BY 128496 STUDENTS THIS SCHOOL YEAR COVERING ELECTRIC SPACE VEHICLES RENEWABLE ENERGY CYBERSECURITY AND MANY MORE
THE MIDWEST REGION ADMINISTERS THE IN-PERSON LABS EQUIPMENT DEVELOPS THE CURRICULA GUIDES COLLEGE MENTORSENGINEERS AND SPECIAL EVENTSEG SUMMER CAMPS
THE BRONX DISTRIBUTION CENTER MANAGES LOGISTICS FOR LABS AND EVENTS OVER 73000 LAB KITS WERE SUPPLIED AT 0 COST TO PARTICIPATING SCHOOLS AND STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Woodburn Director | 10 | $0 | |
Timothy J Mcniff Executive Director | 40 | $233,188 | |
Erik Einset Director Director | 30 | $0 | |
Jay Iyengar Director Director | 10 | $0 | |
Telva Mcgruder Director Director | 10 | $0 | |
Alexandra Coleman Director Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,398,717 |
| Interest on Savings | $3,551 |
| Dividends & Interest | $264,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$77,051 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,589,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $348,511 |
| Other employee salaries and wages | $1,219,193 |
| Pension plans, employee benefits | $135,842 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $64,487 |
| Travel, conferences, and meetings | $35,108 |
| Printing and publications | $981 |
| Other expenses | $1,879,439 |
| Total operating and administrative expenses | $3,931,832 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $3,936,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,353,512 |
| 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 | $48,832 |
| Prepaid expenses and deferred charges | $16,350 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $109,477 |
| Total assets | $11,820,282 |
| Accounts payable and accrued expenses | $385,212 |
| 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 | $41,374 |
| Total liabilities | $426,586 |