Best Robotics Inc
- Assets
- $125.1k
- Revenue
- $223.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Pittsburgh, PA
- Founding
- 04/1998
- Data as of
- 12/2020
- EIN
- 75-2733350
Organization Overview
Best Robotics Inc is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2020, Best Robotics Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Best Robotics 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 12/2020, Best Robotics Inc generated $223.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $246.1k during the year ending 12/2020. While expenses have increased by 0.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE EDUCATION OF THE PUBLIC IN ENGINEERING, MATHEMATICS & RELATED SCIENTIFIC DISCIPLINES THRU PROMOTING & OVERSEEING COMPETITIVE ACTIVITIES BETWEEN TEAMS FROM SECONDARY SCHOOLS AND OTHER INTERESTED GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE EDUCATION OF THE PUBLIC IN ENGINEERING, MATHEMATICS & RELATED SCIENTIFIC DISCIPLINES THRU PROMOTING & OVERSEEING COMPETITIVE ACTIVITIES BETWEEN TEAMS FROM SECONDARY SCHOOLS AND OTHER INTERESTED GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Steiner Executive Director | OfficerTrustee | 40 | $80,000 |
Mike Bright President | OfficerTrustee | 2 | $0 |
Sofia Mirza Secretary | OfficerTrustee | 1 | $0 |
Janne Ackerman Treasurer | OfficerTrustee | 1 | $0 |
Paul Lutes Vice President | OfficerTrustee | 2 | $0 |
Eric Werner Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,725 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,298 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,023 |
| Total Program Service Revenue | $52,000 |
| 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 | $223,059 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,822 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,329 |
| Fees for services: Management | $5,558 |
| Fees for services: Legal | $83 |
| Fees for services: Accounting | $19,306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $350 |
| Advertising and promotion | $449 |
| Office expenses | $0 |
| Information technology | $2,292 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5 |
| Interest | $4,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,869 |
| All other expenses | $2,918 |
| Total functional expenses | $246,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,849 |
| 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 | $389 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $125,063 |
| Accounts payable and accrued expenses | $7,967 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $0 |
| Total liabilities | $17,967 |
| Net assets without donor restrictions | -$148,701 |
| Net assets with donor restrictions | $255,797 |
| 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 | $125,063 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Best Robotics Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
Jewish Federation Of Cleveland Cleveland, OH | $589,585,655 | $113,020,772 |
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |