Engine Foundation Inc
- Assets
- $762.4k
- Revenue
- $941.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 82-3475407
Organization Overview
Engine Foundation Inc is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Engine Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Engine Foundation 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, Engine Foundation Inc generated $941.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $834.2k during the year ending 12/2021. While expenses have increased by 8.1% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENGINE FOUNDATION CONDUCTS ORIGINAL RESEARCH ON HIGHTECH ENTREPRENEURIAL ACTIVITY OUTREACH AND COMMUNICATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENGINE FOUNDATION DEVELOPED CONTENT TO EDUCATE POLICYMAKERS ON THE STATE OF THE STARTUP ECOSYSTEM AND BARRIERS THAT FOUNDERS FACE WHEN TRYING TO ENTER AND GROW WITHIN THE ECOSYSTEM, INCLUDING A LACK OF OPPORTUNITIES TO ACCESS CAPITAL AND TALENT.ENGINE FOUNDATION REGULARLY ENGAGED STARTUPS ACROSS THE COUNTRY AND PROVIDED THEM OPPORTUNITIES TO LEARN ABOUT THE POLICYMAKING PROCESS AND A PLATFORM TO VOICE THEIR PERSPECTIVE TO POLICYMAKERS, INCLUDING A WEEKLY PROFILE SERIES AND THE ANNUAL STARTUP ADVOCACY WEEK AND CONGRESSIONAL STARTUP DAY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Tummarello Executive Director | Officer | 6 | $26,625 |
Julie Samuels Director | OfficerTrustee | $0 | |
Leah Belsky Secretary | OfficerTrustee | $0 | |
Name Not Listed Treasurer | Officer | $0 | |
Josh Mendelsohn Director | Trustee | $0 | |
Paul Sieminski Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,377 |
| All other contributions, gifts, grants, and similar amounts not included above | $832,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $941,576 |
| Total Program Service Revenue | $0 |
| 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 | $941,576 |
| 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. | $26,625 |
| Compensation of current officers, directors, key employees. | $3,994 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,544 |
| Payroll taxes | $17,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,346 |
| Fees for services: Accounting | $7,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $511,999 |
| Advertising and promotion | $2,700 |
| Office expenses | $6,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,766 |
| Travel | $574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $315 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,163 |
| All other expenses | $7,402 |
| Total functional expenses | $834,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $742,356 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,000 |
| 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 | $762,356 |
| Accounts payable and accrued expenses | $882 |
| 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 | $882 |
| Net assets without donor restrictions | $761,474 |
| 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 | $762,356 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Engine Foundation Inc has recieved totaling $245,000.
| Awarding Organization | Amount |
|---|---|
The Skoll Fund Mountain View, CA PURPOSE: COVID-19 TECHNOLOGY TASK FORCE PUBLIC AWARENESS CAMPAIGN | $125,000 |
Charles Koch Institute Arlington, VA PURPOSE: EDUCATION | $70,000 |
Rockefeller Foundation New York, NY PURPOSE: TOWARD THE COSTS OF A PUBLIC EDUCATION CAMPAIGN TO BE MOUNTED BY ITS COVID-19 TECHNOLOGY TASK FORCE TO DRIVE PARTICIPATION IN CONTACT TRACING. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Analytic Services Inc Falls Church, VA | $183,098,732 | $88,248,392 |
Biotechnology Innovation Organization Washington, DC | $113,666,319 | $80,910,840 |
National Society Of Black Engineers Alexandria, VA | $28,465,255 | $16,810,333 |
Mitre Engenuity Incorporated Mclean, VA | $0 | $8,318,024 |
Bioone Washington, DC | $12,972,038 | $12,944,157 |
Analysis And Resilience Center For Systemic Risk Inc Arlington, VA | $11,004,408 | $11,753,500 |
Commonwealth Center For Advanced Manufacturing Disputanta, VA | $5,017,532 | $9,261,714 |
Institute Of Transportation Engineers Inc Washington, DC | $8,555,357 | $6,704,347 |
Military Health Research Foundation Inc Laurel, MD | $1,886,799 | $4,739,548 |
Nuclear Matters Washington, DC | $526,920 | $2,033,505 |
The Conservative Caucus Foundation Fairfax, VA | $117,863 | $1,627,492 |
Association For Information Science & Technology Leesburg, VA | $2,529,650 | $1,245,429 |