Techpoint Foundation Inc
- Assets
- $1.3m
- Revenue
- $641.7k
- Investments
- $836.7k
- Employees
- 5
- Location
- Indianapolis, IN
- Founding
- 04/2002
- Data as of
- 06/2022
- EIN
- 35-2155455
Organization Overview
Techpoint Foundation Inc, operating under the name Techpoint Foundation For Youth, is located in Indianapolis, IN. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Techpoint Foundation For Youth employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Techpoint Foundation For Youth 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, Techpoint Foundation For Youth generated $641.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $617.1k during the year ending 06/2022. 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
TECHPOINT FOUNDATION IS A VENTURE PHILANTHROPY ORGANIZATION INCUBATING SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS PROGRAMS FOR HIGH STUDENT IMPACT AND SCALABLE FOR UNDERSERVED POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEM PARTNER PROGRAM (FORMERLY US2020) A STATEWIDE EFFORT TO MATCH SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) PROFESSIONALS, TO SERVE IN THE ROLE AS A MENTOR, VOLUNTEER, OR COACH, WITH UNDERREPRESENTED STUDENT POPULATIONS ENGAGING IN HIGH IMPACT STEM PROGRAMS. DURING THE 2021-2022 SCHOOL YEAR, 38 STEM PROFESSIONALS ASSISTED IN THE ROLE OF A MENTOR, VOLUNTEER OR COACH AND SERVED APPROXIMATELY 950 STUDENTS AT 21 CLASSROOMS THROUGHOUT INDIANAPOLIS.
VEX GO - IN FY 22 WE CONDUCTED A PILOT OF THE NEW VEX GO IN-CLASSROOM ROBOTICS INITIATIVE IN 8 LOCAL ELEMENTARY SCHOOLS. WE PURCHASED THE VEX GO CLASSROOM BUNDLE FOR EACH OF THE 8 SCHOOLS, PROVIDED TEACHER TRAINING ON HOW TO USE THE EQUIPMENT AND IMPLEMENT THE CURRICULUM AND OBSERVING THEIR CLASSROOMS. WE REQUIRED EACH TEACHER TO COMPLETE PRE AND POST SURVEYS AS WELL AS ADMINISTER THEM TO THEIR STUDENTS. AFTER RECEIVING AN OVERWHELMING POSITIVE RESPONSE, WE WERE ABLE TO LAUNCH A STATEWIDE GRANT APPLICATION TO RECEIVE EQUIPMENT AND CURRICULUM TRAINING FOR 52 MORE SCHOOLS ACROSS THE STATE FOR THE 22-23 SCHOOL YEAR.FINANCIAL EMPOWERMENT - TPF4Y'S NEWEST OPPORTUNITY IN PARTNERSHIP WITH OLD NATIONAL BANK BRINGS FINANCIAL LITERACY TO LOCAL HIGH SCHOOL CLASSROOMS. IN ITS PILOT YEAR, WE CONDUCTED 3 FINANCIAL LITERACY SESSIONS AT SHORTRIDGE HIGH SCHOOL, IMPACTING 20 STUDENTS. FURTHER PARTNERSHIP WITH OLD NATIONAL BANK WILL INCREASE THE NUMBER OF SCHOOLS IN CLASSROOMS WE ARE ABLE TO IMPACT.
HOUR OF CODE - EACH DECEMBER, TPF4Y CELEBRATES COMPUTER SCIENCE EDUCATION WEEK BY PROVIDING SCHOOLS IN INDIANA WITH THE RESOURCES THEY NEED TO COMPLETE AN HOUR OF CODE ACTIVITY. IN 2021, INDIANA'S HOUR OF CODE CUMINATED IN TO A MULTI-DAY, MULTI-SCHOOL EVENT ENGAGING 10,000+ STUDENTS ALL OVER THE STATE.
STATE ROBOTICS INITIATIVE - A STATEWIDE EFFORT TO START NEW VEX IQ ROBOTICS TEAMS IN INDIANA SCHOOLS. AWARDED SCHOOLS RECEIVED ESSENTIAL SUPPLIES AND EQUIPMENT AND PROFESSIONAL DEVELOPMENT TO START A TEAM FOR STUDENTS IN 1ST - 12TH GRADE. DURING THE 2021-2022 SCHOOL YEAR, 45 TEAMS RECEIVED GRANTS AND TEAMS WERE FORMED AS A RESULT OF THIS EFFORT. 1457 ROBOTICS TEAMS RANGING FROM ELEMENTARY TO HIGH SCHOOL WERE SUPPORT AND 17,568 STUDENTS WERE EXPOSED TO ROBOTICS PROGRAMMING IN AND OUTSIDE OF THE CLASSROOM AS A RESULT OF THIS EFFORT. 568 TEACHERS SERVED AS COACHES AND OVER 200 VOLUNTEERS ASSISTED WITH ROBOTICS TOURNAMENTS ACROSS THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Giltner President & CEO | Officer | 40 | $85,600 |
Brei Cecil-Satchwell Director Of Foundation Operations | Officer | 40 | $61,500 |
Linda Hicks President | OfficerTrustee | 1.25 | $0 |
Jeffrey Dodson Secretary | OfficerTrustee | 1.25 | $0 |
Amy Kemper Board Member | Trustee | 1.25 | $0 |
Amy Shackle Board Member | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $238,722 |
| Related organizations | $0 |
| Government grants | $222,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,552 |
| Noncash contributions included in lines 1a–1f | $36,982 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $731,855 |
| Total Program Service Revenue | $0 |
| Investment income | $7,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,359 |
| Net Income from Fundraising Events | -$136,672 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $641,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $82,821 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,663 |
| Compensation of current officers, directors, key employees. | $17,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,770 |
| Pension plan accruals and contributions | $4,775 |
| Other employee benefits | $2,812 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,243 |
| Fees for services: Accounting | $21,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,440 |
| Office expenses | $4,849 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,600 |
| Travel | $578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,246 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,176 |
| All other expenses | $0 |
| Total functional expenses | $617,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $458,912 |
| Savings and temporary cash investments | $30,891 |
| Pledges and grants receivable | $10,250 |
| 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 | $6,271 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $836,725 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,343,049 |
| Accounts payable and accrued expenses | $1,727 |
| 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 | $1,727 |
| Net assets without donor restrictions | $765,889 |
| Net assets with donor restrictions | $575,433 |
| 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 | $1,343,049 |
Grants Awarded
Over the last fiscal year, Techpoint Foundation Inc has awarded $61,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
INDIANA FIRST PURPOSE: PROGRAM SUPPORT | $10,000 |
CARDINAL RITTER HIGH SCHOOL PURPOSE: TECHNOLOGY INVSTMNT | $5,724 |
LITTLE FLOWER CATHOLIC SCHOOL PURPOSE: TECHNOLOGY INVESTMNT | $5,724 |
NORTH DAVIESS COMMUNITY SCHOOL PURPOSE: TECHNOLOGY INVSTMNT | $5,724 |
CAREER ACADEMY OF SOUTH BEND PURPOSE: TECHNOLOGY INVSTMNT | $5,724 |
IPS HARSHMANN | | | $5,724 |