Revolution Robotics Foundation Inc
- Assets
- $72.7k
- Revenue
- $400.1k
- Investments
- $0.0
- Employees
- 1
- Location
- San Francisco, CA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-4388277
Organization Overview
Revolution Robotics Foundation Inc is located in San Francisco, CA. The organization was established in 2018. According to its NTEE Classification (U03) the organization is classified as: Professional Societies & Associations, 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. Revolution Robotics 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, Revolution Robotics Foundation Inc generated $400.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $288.3k 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 DEVELOP A NEW AFFORDABLE EDUCATIONAL ROBOTICS KIT AND COMPETITION PROGRAM FOR SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2019, THE REVOLUTION ROBOTICS FOUNDATION CREATED AN OPEN-SOURCE PLATFORM,WHERE KIDS CAN CREATE, BUILD, AND CUSTOMIZE FULLY CONTROLLABLE ROBOTS THROUGH A BLUETOOTH CONNECTION ON THEIR MOBILE PHONES. WE SUCCESSFULLY LAUNCHED ROBOTICS PROGRAMS IN NEW YORK CITY, PHOENIX ARIZONA, SAN JOSE CALIFORNIA, AUSTIN TEXAS, BUDAPEST HUNGARY, AND MORE. WE SUCCESSFULLY LAUNCHED OUR PRODUCT ON WALMART.COM ECOMMERCE PLATFORM AND ALSO OUR OWN SHOPIFY WEBSITE. ALL PROCEEDS WERE USED TO FUND AFTER-SCHOOL PROGRAMS ACROSS THE UNITED STATES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Schrieber President | OfficerTrustee | 10 | $0 |
Jason Morrella Treasurer | OfficerTrustee | 50 | $0 |
Rosemary Dearagon CEO | OfficerTrustee | 60 | $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 | $396,766 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,766 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $3,319 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $400,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,522 |
| 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 | $15,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,550 |
| Fees for services: Accounting | $10,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,556 |
| Advertising and promotion | $3,711 |
| Office expenses | $6,855 |
| Information technology | $5,213 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,218 |
| Total functional expenses | $288,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,453 |
| Savings and temporary cash investments | $5,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,300 |
| 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 | $72,728 |
| Accounts payable and accrued expenses | $4,583 |
| 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 | $131,483 |
| Other liabilities | $0 |
| Total liabilities | $136,066 |
| Net assets without donor restrictions | -$63,338 |
| 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 | $72,728 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Revolution Robotics Foundation Inc has recieved totaling $130,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $130,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Annual Reviews San Mateo, CA | $5,336,677 | $17,287,616 |
Lora Alliance Inc Fremont, CA | $3,007,368 | $3,254,372 |
Society For Advancement Of Chicanos & Native Americans In Science Inc San Jose, CA | $5,294,932 | $4,211,776 |
Mosquito And Vector Control Association Of California Sacramento, CA | $783,847 | $933,158 |
Council On Technology & Society Alameda, CA | $51,496 | $525,235 |
Distributed Management Task Force Inc Portland, OR | $1,568,052 | $1,024,252 |
Geological Society Of Nevada Reno, NV | $2,033,431 | $407,089 |
Chemical And Biologicalmicrosystems Society San Diego, CA | $798,930 | $706,778 |
Airfuel Alliance Beaverton, OR | $389,403 | $370,633 |
Revolution Robotics Foundation Inc San Francisco, CA | $72,728 | $400,086 |
Cognitive Neuroscience Society Davis, CA | $154,694 | $165,577 |
International Foundation For Telemetering Camarillo, CA | $1,474,311 | $3,017 |