Revolution Robotics Foundation Inc
- Assets
- $13.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- San Francisco, CA
- Founding
- 06/2018
- Data as of
- 12/2022
- 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 12/2022, Revolution Robotics Foundation Inc generated $126.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $346.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Schrieber President | 10 | $0 | |
Jason Morrella Treasurer | 50 | $0 | |
Rosemary Dearagon CEO | 60 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,170 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1 |
| Total Revenue | $126,542 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,083 |
| Professional fees and other payments to independent contractors | $309,256 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $911 |
| Other expenses | $16,836 |
| Total expenses | $346,086 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,976 |
| Other assets | $0 |
| Total assets | $13,259 |
| Total liabilities | $296,141 |
| Net assets or fund balances | -$282,882 |