Mechanics Institute
- Assets
- $20.6m
- Revenue
- $5.3m
- Investments
- $15.1m
- Employees
- 29
- Location
- San Francisco, CA
- Founding
- 12/1935
- Data as of
- 08/2021
- EIN
- 94-1254644
Organization Overview
Mechanics Institute is located in San Francisco, CA. The organization was established in 1935. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 08/2021, Mechanics Institute employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mechanics Institute 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 08/2021, Mechanics Institute generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $2.1m during the year ending 08/2021. 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
FOUNDED IN 1854, THE MECHANICS' INSTITUTE IS ONE OF THE OLDEST INSTITUTIONS ON THE WEST COAST OF THE UNITED STATES. ITS MISSION IS TO PROVIDE A CENTER FOR INTELLECTUAL AND CULTURAL ADVANCEMENT. LOCATED IN THE FINANCIAL DISTRICT OF SAN FRANCISCO, IT SERVES INDIVIDUALS AND FAMILIES THROUGHOUT THE BAY AREA OFFERING A VIBRANT LIBRARY WITH FULL-TIME PROFESSIONAL STAFF, EXPERT INSTRUCTION AND COMPETITION IN CHESS, AND A FULL CALENDAR OF ENGAGING CULTURAL EVENTS, PROGRAMS, AND CLASSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIBRARY - THE INSTITUTE MAINTAINS A COLLECTION OF APPROXIMATELY 10,000 NON-CIRCULATING BOOKS AND PERIODICALS AND MORE THAN 100,000 CIRCULATING BOOKS AND PERIODICALS, AS WELL AS REFERENCE AND RESEARCH SUPPORT SERVICES TO APPROXIMATELY 3,000 MEMBERS.
CHESS ROOM - THE INSTITUTE HOSTS CLASSES FOR CHILDREN AND ADULTS. IT ALSO HOLDS TOURNAMENTS, AND REVENUE FROM THESE EVENTS HELPS SUPPORT CHESS ACTIVITIES.
EVENTS - THE INSTITUTE HOSTS EDUCATIONAL AND CULTURAL EVENTS, CLASSES, AND PROGRAMS. ALL PROGRAMS ARE OPEN TO THE GENERAL PUBLIC AND MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Scrafano Chief Executive Officer | Officer | 37.5 | $185,446 |
Debra Hunt Librarian Director | 40 | $104,180 | |
Lindsey Tonsager President | Officer | 1 | $0 |
Lindsey Crittenden First Vice-President | Officer | 1 | $0 |
Richard Laiderman Second Vice-President | Officer | 1 | $0 |
David B Goodwin Thrid Vice-President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $199,997 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $965,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,165,120 |
| Total Program Service Revenue | $245,892 |
| Investment income | $14,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,019 |
| Net Gain/Loss on Asset Sales | $3,778,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,280,234 |
| 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. | $185,446 |
| Compensation of current officers, directors, key employees. | $185,446 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,214,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $162,701 |
| Payroll taxes | $38,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $101,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,644 |
| Office expenses | $19,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,195 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,024 |
| Insurance | $14,628 |
| All other expenses | $31,123 |
| Total functional expenses | $2,103,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,997,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $544,342 |
| Accounts receivable, net | $7,139 |
| 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 | $111,538 |
| Net Land, buildings, and equipment | $1,836,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $15,070,917 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,568,259 |
| Accounts payable and accrued expenses | $127,593 |
| Grants payable | $0 |
| Deferred revenue | $119,893 |
| 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 | $108,452 |
| Total liabilities | $355,938 |
| Net assets without donor restrictions | $14,530,799 |
| Net assets with donor restrictions | $5,681,522 |
| 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 | $20,568,259 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mechanics Institute has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Leroe Family Charitable Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $25,000 |
Endowment Analysis
| Beg. Balance | $3,416,437 |
| Earnings | $629,949 |
| Other Expense | $201,323 |
| Ending Balance | $3,845,063 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Nevada Culinary And Bartenders Training Fund A Trust North Las Vegas, NV | $6,674,284 | $16,437,102 |
National Test Pilot School Mojave, CA | $24,506,329 | $10,175,597 |
District Council 16 Northern California & Apprentice Training San Leandro, CA | $28,313,624 | $15,228,971 |
Seiu 503 Training Partnership Portland, OR | $26,268,019 | $3,868,415 |
Las Best Los Angeles, CA | $11,946,723 | $9,062,975 |
Codepath Org San Francisco, CA | $6,941,504 | $9,162,565 |
Neca-Ibew Electrical Training Trust Portland, OR | $14,916,871 | $7,992,939 |
Quest Scholars Program Palo Alto, CA | $18,833,898 | $9,171,706 |
E-Institute Charter School Inc Glendale, AZ | $5,349,223 | $5,255,212 |
Casa Loma College Van Nuys, CA | $6,230,067 | $6,276,144 |
Calibre Academy Inc Glendale, AZ | $11,926,641 | $5,251,509 |
Center For Caregiver Advancement Los Angeles, CA | $5,193,461 | $5,055,264 |