Lakota Robotics Llc
- Assets
- $241.4k
- Revenue
- $50.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Liberty Twp, OH
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-1757990
Organization Overview
Lakota Robotics Llc is located in Liberty Twp, OH. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakota Robotics Llc 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, Lakota Robotics Llc generated $50.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $116.9k during the year ending 12/2022. 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
FORM 990 ORGANIZATIONS MISSION WE INSPIRE YOUNG PEOPLE TO PURSUE CAREERS IN SCIENCE AND TECHNOLOGY USING A UNIQUE AND FUN LEARING EXPERIENCE IN AN ENVIRONMENT THAT FOSTERS CREATIVITY AND MODELS THOSE CAREERS. WE ENGAGE YOUNG PEOPLE AND EQUIP THEM WITH SKILLS NECESSARY TO BECOME CONFIDENT, RESPONSIBLE, PRODUCTIVE INDIVIDUALS PREPARED TO MAKE A MEANINGFUL CONTRIBUTION IN THE WORLD AND MOTIVATED TO IMPROVE THE LIVES OF OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST ROBOTICS COMPETITION-UNDER STRICT RULES, LIMITED RESOURCES, AND AN INTENSE SIX-WEEK TIME LIMIT, TEAMS OF STUDENTS ARE CHALLENGED TO RAISE FUNDS, DESIGN A TEAM BRAND, HONE TEAMWORK SKILLS, AND BUILD AND PROGRAM INDUSTRIAL SIZE ROBOTS TO PLAY A DIFFERENT FIELD GAME AGAINST LIKE-MINDED COMPETITORS. IT'S AS CLOSE TO REAL WORLD ENGINEERING AS A STUDENT CAN GET. VOLUNTEER PROFESSIONAL MENTORS LEND THEIR TIME AND TALENTS TO GUIDE EACH TEAM. EACH SEASON ENDS WITH AN EXCITING "FIRST" CHAMPIONSHIP.
FIRST LEGO LEAGUE- GUIDED BY TWO OR MORE ADULT COACHES, TEAMS RESEARCH A REAL-WORLD PROBLEM SUCH AS FOOD SAFETY, RECYCLING, ENERGY, ETC., AND ARE CHALLENGED TO DEVELOP A SOLUTION. THEY ALSO MUST DESIGN, BUILD, PROGRAM A ROBOT USING LEGO MINDSTORMS, THEN COMPETE ON ATABLE TOP PLAYING FIELD. PARTICIPANTS APPLY SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH CONCEPTS (STEM), PLUS A BIG DOSE OF IMAGINATION, TO SOLVE A PROBLEM. ALONG THEIR JOURNEY, THEY DEVELOP CRTICAL THINKING AND TEAM BUILDING SKILLS, BASIC SOLUTIONS WITH A DASH OF CREATIVITY TO JUDGES. THEY ALSO PRACTICE THE PROGRAM'S CPRE VALUES, WHICH EMPHASIZE DISCOVERY, TEAMWORK AND GOOD SPORTSMANSHIP.
FIRST TECH CHALLENGE- GUIDED BY ADULT COACHES AND MENTORS, STUDENTS DEVELOP STEM SKILLS AND PRACTICE ENGINEERING PRINCEIPLES (LIKE KEEPING ANENGINEERING NOTEBOOK), WHILE REALIZING THE VALUE OF HARD WORK, INNOVATION, AND SHARING IDEAS, THE ROBOT KIT IS REUSABLE FROM YEAR TO YEAR AND CAN BE PROGRAMMED USING A VARIETY OF LANGUAGES, INCLUDING JAVA. TEAMS ALSO MUST RAISE FUNDS, DESIGN AND MARKET THEIR TEAM BRAND, AND DO COMMUNITY OUTREACH FOR WHICH THEY CAN WIN AWARDS. PARTICIPANTS HAVE ACCESS TO TENS OF MILLIONS OF DOLLARS IN SCHOLARSHIPS. EACH SEASON CONCLUDES WITH SUPER REGIONAL CHAMPIONSHIPS AND EXCITING FIRST CHAMPIONSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Barringer Board Member | OfficerTrustee | 2.5 | $0 |
Kate Haplin Secretary | OfficerTrustee | 3.5 | $0 |
Kindra Montgomery Treasurer | OfficerTrustee | 20 | $0 |
Jimmy M Nichols President | OfficerTrustee | 20 | $0 |
Dan Stauft Vice Preside | OfficerTrustee | 2.5 | $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 | $50,899 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,899 |
| 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 | $50,899 |
| 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 | $0 |
| Fees for services: Legal | $2,477 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,663 |
| Travel | $23,840 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,800 |
| Insurance | $0 |
| All other expenses | $1,475 |
| Total functional expenses | $116,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,381 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $241,381 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $241,381 |
| 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 | $241,381 |