Project Invent
- Assets
- $570.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 8
- Location
- San Francisco, CA
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 82-4377729
Organization Overview
Project Invent is located in San Francisco, CA. The organization was established in 2019. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2022, Project Invent employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Invent 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 06/2022, Project Invent generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $848.5k during the year ending 06/2022. 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
PROJECT INVENT EMPOWERS STUDENTS WITH THE 21ST-CENTURY SKILLS TO SUCCEED INDIVIDUALLY AND IMPACT GLOBALLY, THROUGH INVENTION FOR SOCIAL GOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINED AND SUPPORTED TEACHERS AT 60 SCHOOLS TO IMPLEMENT THE PROJECT INVENT PROGRAM. HOSTED SEVON DEMO DAYS FOR STUDENTS TO PRESENT INVENTIONS TO TOP INVESTORS AND TECH EXECUTIVES. PUBLISHED CURRICULUM AND RESOURCES USED IN OVER 3000 CLASSROOMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Liu Founder & Executive Director | Trustee | 40 | $56,808 |
Aragon Burlingham President | OfficerTrustee | 8 | $0 |
Cynthia Johanson Secretary Nominating Committee Chair | OfficerTrustee | 5 | $0 |
Matt Gallatin Treasurer Finance Committee Chair | OfficerTrustee | 5 | $0 |
Bill Heil Board Member Development Committee Chair | Trustee | 5 | $0 |
Albert Lee Board Member Programs Committee Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $146,761 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $803,167 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $949,928 |
| Total Program Service Revenue | $70,500 |
| Investment income | $1,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$16,479 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $335 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,005,665 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,540 |
| Grants and other assistance to domestic individuals. | $12,210 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,405 |
| Compensation of current officers, directors, key employees. | $8,772 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $464,784 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,705 |
| Payroll taxes | $36,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $217 |
| Fees for services: Accounting | $1,944 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,249 |
| Advertising and promotion | $8,788 |
| Office expenses | $41,594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $700 |
| Travel | $25,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,424 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,724 |
| All other expenses | $0 |
| Total functional expenses | $848,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,032 |
| Savings and temporary cash investments | $200,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,210 |
| 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 | $1,079 |
| 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 | $570,134 |
| Accounts payable and accrued expenses | $14,961 |
| 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 | $14,961 |
| Net assets without donor restrictions | $555,173 |
| 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 | $570,134 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Project Invent has recieved totaling $542,007.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $430,880 |
Infosys Foundation Usa New York, NY PURPOSE: CLASS ROOM AIDS AND TECHNOLOGY | $52,500 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,578 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $11,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Flextech Alliance Inc San Jose, CA | $34,447,158 | $61,964,414 |
Wadhwani Institute For Artificial Intelligence Foundation Los Altos, CA | $3,256,790 | $7,610,704 |
Imec Inc San Francisco, CA | $1,494,519 | $4,897,734 |
Scintillon Institute San Diego, CA | $1,260,479 | $3,205,276 |
Kestrel Institute Palo Alto, CA | $2,764,272 | $3,386,483 |
Open Research Lab Inc Oakland, CA | $10,022,134 | $10,163,260 |
Sierra Institute For Community And Taylorsville, CA | $4,935,635 | $3,987,418 |
Phoenix Bioinformatics Corporation Newark, CA | $2,438,726 | $1,432,149 |
Scientific Analysis Corp Alameda, CA | $2,082,230 | $1,446,716 |
Biocom Institute San Diego, CA | $371,676 | $1,938,912 |
Group Conscience San Diego, CA | $762,518 | $582,951 |
Project Invent San Francisco, CA | $570,134 | $1,005,665 |