Mate Inspiration For Innovation
- Assets
- $740.2k
- Revenue
- $729.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Monterey, CA
- Founding
- 04/2017
- Data as of
- 09/2022
- EIN
- 81-4389131
Organization Overview
Mate Inspiration For Innovation is located in Monterey, CA. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational 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. Mate Inspiration For Innovation 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 09/2022, Mate Inspiration For Innovation generated $729.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $612.2k during the year ending 09/2022. While expenses have increased by 36.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MATE II IS FORMED TO INSPIRE AND CHALLENGE STUDENTS TO LEARN AND CREATIVELY APPLY SCIENCE, TECHNOLOGY, ART, ENGINEERING AND MATH TO SOLVING REAL-WORLD PROBLEMS IN A WAY THAT STRENGTHENS CRITICAL THINKING, COLLABORATION, ENTREPRENEURSHIP, AND INNOVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MATE II WORLD ROV (REMOTELY OPERATED VEHICLE OR UNDERWATER ROBOT) COMPETITION CHALLENGES STUDENTS TO LEARN AND CREATIVELY APPLY STEM SKILLS TO SOLVE REAL-WORLD PROBLEMS AND STRENGTHEN THEIR CRITICAL THINKING, COLLABORATION, ENTREPRENEURSHIP, AND INNOVATION. EACH SPRING, MORE THAN 6,000 STUDENTS IN GRADES 4-16 PARTICIPATE IN ONE OF 46 REGIONAL EVENTS AROUND THE WORLD(WWW.MATEROVCOMPETITION.ORG) AND FEED INTO THE WORLD CHAMPIONSHIP WHICH WAS HELD IN JUNE 2022. THE ORGANIZATION ALSO CONDUCTS SUMMER CAMPS AND TEACHER WORKSHOPS TO PROVIDE TRAINING FOR COMPETITION PARTICIPANTS. THE ORGANIZATION RUNS AN ONLINE ENTERPRISE, THE SEAMATE STORE WHICH SELLS EDUCATIONAL REMOTELY OPERATED VEHICLE KITS AND PARTS TO COMPETITION PARTICIPANTS AND OTHERS. THE STORE FULFILLED 1,047 ORDERS FROM 335 CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Zande President & Ed | OfficerTrustee | 40 | $0 |
Debra A Kill CFO | OfficerTrustee | 10 | $0 |
Frederick Stahr Secretary | OfficerTrustee | 4 | $0 |
Justin Manley Director | Trustee | 9 | $0 |
David Golden Chairman | Trustee | 9 | $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 | $420,459 |
| Noncash contributions included in lines 1a–1f | $6,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $420,459 |
| Total Program Service Revenue | $95,917 |
| Investment income | $249 |
| 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 | $213,254 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $729,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $83,364 |
| Fees for services: Legal | $10,739 |
| Fees for services: Accounting | $5,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,648 |
| Advertising and promotion | $0 |
| Office expenses | $7,740 |
| Information technology | $43,293 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $91,790 |
| 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 | $5,343 |
| Insurance | $15,930 |
| All other expenses | $36,112 |
| Total functional expenses | $612,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,688 |
| Savings and temporary cash investments | $49,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,658 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,657 |
| Prepaid expenses and deferred charges | $18,305 |
| Net Land, buildings, and equipment | $7,826 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $740,177 |
| Accounts payable and accrued expenses | $37,608 |
| Grants payable | $0 |
| Deferred revenue | $239,034 |
| 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 | $276,642 |
| Net assets without donor restrictions | $463,535 |
| 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 | $740,177 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mate Inspiration For Innovation has recieved totaling $100,164.
| Awarding Organization | Amount |
|---|---|
Schmidt Ocean Institute Palo Alto, CA PURPOSE: MATE ROV COMPETITION | $50,000 |
Motorola Solutions Foundation Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
National Marine Sanctuary Foundation Silver Spring, MD PURPOSE: COMPETITION FOR STUDENTS TO APPLY STEM SKILLS TO SOLVE REAL WORLD PROBLEMS | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $164 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |