Athena Rapid Response Innovation Lab
- Assets
- $56.9k
- Revenue
- $251.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 81-1653441
Organization Overview
Athena Rapid Response Innovation Lab is located in Alexandria, VA. The organization was established in 2017. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, 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. Athena Rapid Response Innovation Lab 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, Athena Rapid Response Innovation Lab generated $251.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 59.9% each year . All expenses for the organization totaled $284.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SOCIAL ASSISTANCE TO THE ALEXANDRIA, VIRGINIA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHENA'S 2021 PROGRAM OF WORK INCLUDED COMMUNITY DISASTER RESPONSE AND ADDRESSED SOME OF THE ISSUES WHICH RESULTED FROM COVID-19. ATHENA'S PROGRAMS INCLUDED DESKS FOR KIDS, WHICH PROVIDED OVER 400 FREE DESKS FOR LOCAL CHILDREN WHO HAD TO SWITCH TO VIRTUAL LEARNING DURING THE PANDEMIC. ADDITIONALLY, ATHENA PROVIDED FUNDING FOR MAKERSPACES TO PRODUCE FACE MASKS. ATHENA ALSO HELD THE ALEXANDRIA DRIVE-IN, A DRIVE-IN MOVIE THEATRE WHICH SERVED AS A FUNDRAISER FOR ATHENA AND OTHER COMMUNITY ORGANIZATIONS. THE PROCEEDS FROM THIS EVENT ALSO SUPPORT A SCHOLARSHIP FOR THE SCHOLARSHIP FUND OF ALEXANDRIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Halsey Board Member | Trustee | 2 | $0 |
Cheyanne Dwyer Board Member | Trustee | 2 | $0 |
Albert Vega Board Member | Trustee | 2 | $0 |
Allen Brooks Board Member | Trustee | 2 | $0 |
Lauren Bell Board Member | Trustee | 2 | $0 |
John Taylor Chapman Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,434 |
| Total Program Service Revenue | $225,205 |
| 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 | $251,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $680 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,576 |
| Advertising and promotion | $2,190 |
| Office expenses | $1,127 |
| Information technology | $790 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,878 |
| All other expenses | $1,086 |
| Total functional expenses | $284,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,317 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,616 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,933 |
| Accounts payable and accrued expenses | $6,176 |
| 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 | $0 |
| Total liabilities | $6,176 |
| Net assets without donor restrictions | $50,757 |
| 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 | $56,933 |
Grants Awarded
Over the last fiscal year, Athena Rapid Response Innovation Lab has awarded $77,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ACT FOR ALEXANDRIA PURPOSE: To fund tax-exempt activities of receipient organization. | $18,825 |
SCHOLARSHIP FUND OF ALEXANDRIA PURPOSE: To fund tax-exempt activities of receipient organization. | $16,425 |
NATIONAL BREAST CENTER FOUNDATION PURPOSE: To fund tax-exempt activities of receipient organization. | $15,000 |
JIREH'S PLACE PURPOSE: To fund tax-exempt activities of receipient organization. | $15,000 |
VOLUNTEER ALEXANDRIA PURPOSE: To fund tax-exempt activities of receipient organization. | $12,000 |