The Tech Interactive
- Assets
- $89.0m
- Revenue
- $17.0m
- Investments
- $34.8m
- Employees
- 129
- Location
- San Jose, CA
- Founding
- 11/1983
- Data as of
- 06/2022
- EIN
- 94-2864660
Organization Overview
The Tech Interactive is located in San Jose, CA. The organization was established in 1983. According to its NTEE Classification (A57) the organization is classified as: Science & Technology Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Tech Interactive employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech Interactive 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, Tech Interactive generated $17.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $18.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE THE INNOVATOR IN EVERYONE.
Describe the Organization's Program Activity:
EXHIBITS, PROGRAMS, AND EXPERIENCES: UNRAVEL MYSTERIES AS VAST AS THE COSMOS AND AS PERSONAL AS YOUR HEARTBEAT IN THE TECH INTERACTIVE'S GALLERIES, WHICH OFFER HANDS-ON OPPORTUNITIES TO EXPLORE HOW TECHNOLOGICAL INNOVATION IS CHANGING OUR LIVES. WHETHER YOU HAVE AN HOUR OR A FULL DAY, OUR EXHIBITIONS WILL INSPIRE, EDUCATE AND ENTERTAIN WHILE MAKING YOU WANT TO COME BACK SOON - VISITS TO THE TECH INTERACTIVE ARE NEVER THE SAME TWICE! WE HOPE YOU CARRY THE SPIRIT OF OUR EXHIBITIONS HOME, WHERE THE INNOVATOR INSIDE OF YOU CAN STRIVE TO MAKE OUR WORLD A BETTER PLACE. THE TECH HOSTS TWO ANNUAL SIGNATURE PROGRAMS. THE TECH CHALLENGE IS A TEAM COMPETITION THAT INSPIRES THOUSANDS OF STUDENTS IN GRADES 4-12 TO DESIGN AND BUILD DEVICES THAT SOLVE A REAL-WORLD PROBLEM. FOR 34 YEARS, THE TECH CHALLENGE HAS CONNECTED WITH VARIOUS ETHNIC AND SOCIOECONOMIC COMMUNITIES TO INTRODUCE STUDENTS NOT ONLY TO SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) CONCEPTS, BUT ALSO TO THE THRILL OF HANDS-ON LEARNING AND REAL-WORLD DESIGN. THE TECH FOR GLOBAL GOOD, AN EVOLUTION OF THE TECH AWARDS, AIMS TO INSPIRE YOUNG PEOPLE TO USE TECHNOLOGY TO SOLVE GLOBAL CHALLENGES BY CONNECTING THEM WITH THE PEOPLE DOING JUST THAT AROUND THE WORLD. EVERY EXPERIENCE IS DESIGNED FOR YOU TO EXPLORE, EXPERIMENT, CREATE AND CHALLENGE YOURSELF TO DO MORE WITH TECHNOLOGY. STOP IN FOR A WORKSHOP OR ONE OF OUR MANY ACTIVITIES AND LEAVE WITH NEW SKILLS, AS WELL AS CONFIDENCE IN YOUR ABILITY TO BUILD A BETTER WORLD.
VISITOR SERVICES: OUR VISITOR SERVICES INCLUDE OPERATIONS, GROUP RESERVATIONS, BIRTHDAY PARTIES, SAFETY AND SECURITY, IMAX, SPECIAL EVENTS, AND VOLUNTEER SERVICES. WE'RE EXCITED TO WELCOME YOU BACK FOR A FUN AND SAFE SCIENCE LEARNING EXPERIENCE. THE TECH HOSTS AS MANY AS 500,000 PEOPLE A YEAR IN ITS GALLERIES AND PROGRAMS AND HAS APPROXIMATELY 3,500 MEMBER HOUSEHOLDS. YOUR SUPPORT ALLOWS US TO OFFER A VARIETY OF IN-PERSON AND VIRTUAL PROGRAMS TO UNDERSERVED STUDENTS ACROSS THE BAY AREA. WE RELY ON YOUR SUPPORT FOR OUR EFFORTS INCLUDING THE CREATION OF DIGITAL ACTIVITIES AND EDUCATIONAL RESOURCES AND PROVIDING SAFE LEARNING PROGRAMS FOR STUDENTS DURING THE PANDEMIC.
EDUCATION: EDUCATION IS AT THE HEART OF EVERYTHING WE DO AT THE TECH. WE ENCOURAGE CURIOSITY FOR SCIENCE, ENGINEERING, MATH AND TECHNOLOGY IN STUDENTS ON FIELD TRIPS, EDUCATORS IN OUR PROFESSIONAL DEVELOPMENT PROGRAMS, AND FAMILIES IN OUR COMMUNITIES. WE STRIVE TO ENSURE THAT EVERYONE WE SERVE HAS THE OPPORTUNITY TO LEARN SKILLS THE FUTURE WILL DEMAND. EDUCATIONAL LEARNING EXPERIENCES INCLUDE BUT ARE NOT LIMITED TO: DESIGN CHALLENGE LEARNING, THE TECH AT HOME, PROFESSIONAL DEVELOPMENT FOR TEACHERS, FIELD TRIPS, AND VIRTUAL STUDENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katrina Stevens President And CEO | Officer | 40 | $396,949 |
Gretchen Walker Chief Learning Officer | Officer | 40 | $204,381 |
Maria Pappas Chief Philanthropy Officer | Officer | 40 | $199,780 |
Harvard Sung Chief Financial/operations Officer | Officer | 40 | $196,820 |
Rachel Wilner VP Marketing/business Development | Officer | 40 | $183,595 |
Dan Ruth It Director | 40 | $142,457 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $155,539 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,541,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,688,551 |
| Noncash contributions included in lines 1a–1f | $1,091,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,385,115 |
| Total Program Service Revenue | $1,142,709 |
| Investment income | $3,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $146,469 |
| 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 | $189,185 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,975,651 |
| 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. | $1,273,046 |
| Compensation of current officers, directors, key employees. | $717,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,150,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $525,615 |
| Payroll taxes | $584,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,395 |
| Fees for services: Accounting | $164,729 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,925 |
| Fees for services: Other | $2,587,145 |
| Advertising and promotion | $448,028 |
| Office expenses | $23,668 |
| Information technology | $0 |
| Royalties | $145,364 |
| Occupancy | $2,121,203 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,698,922 |
| Insurance | $153,516 |
| All other expenses | $64,180 |
| Total functional expenses | $18,119,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,238 |
| Savings and temporary cash investments | $3,183,388 |
| Pledges and grants receivable | $2,867,493 |
| Accounts receivable, net | $19,741 |
| 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 | $74,689 |
| Net Land, buildings, and equipment | $6,374,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,756,177 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,643,205 |
| Total assets | $88,983,171 |
| Accounts payable and accrued expenses | $1,293,169 |
| Grants payable | $0 |
| Deferred revenue | $225,065 |
| 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 | $1,518,234 |
| Net assets without donor restrictions | $10,345,953 |
| Net assets with donor restrictions | $77,118,984 |
| 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 | $88,983,171 |
Grants Awarded
Over the last fiscal year, The Tech Interactive has awarded $200,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ANGAZA DESIGN INC PURPOSE: UNRESTRICTED | $50,000 |
Washington, DC PURPOSE: UNRESTRICTED | $50,000 |
SOUKTEL INC PURPOSE: UNRESTRICTED | $50,000 |
San Francisco, CA PURPOSE: UNRESTRICTED | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Tech Interactive has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Maud And Burton Goldfield Family Foundation Corporation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $27,300,679 |
| Earnings | -$1,705,854 |
| Other Expense | $1,656,475 |
| Ending Balance | $23,938,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
The Tech Interactive San Jose, CA | $88,983,171 | $16,975,651 |
California Science Center Foundation Los Angeles, CA | $155,744,753 | $24,362,807 |
Arizona Science Center Phoenix, AZ | $42,216,193 | $8,552,615 |
Arizona Aerospace Foundation Inc Tucson, AZ | $18,675,061 | $9,727,919 |
Discovery Science Center Of Los Angeles Sylmar, CA | $18,703,953 | $7,039,819 |
San Diego Air & Space Museum San Diego, CA | $10,386,461 | $7,577,855 |
Arizona Diamondbacks Foundation Inc Phoenix, AZ | $3,130,181 | $5,576,450 |
Evergreen Aviation And Space Museum And The Captain Michael King Smith Mcminnville, OR | $3,113,905 | $4,749,913 |
World Of Speed Wilsonville, OR | $3,593,305 | $2,665,712 |
Scienceworks Hands-On Museum Ashland, OR | $1,437,055 | $1,122,594 |
World Of Wonders Science Museum Inc Lodi, CA | $3,555,384 | $1,048,536 |