Robotics Education And Competition Foundation Inc
- Assets
- $3.6m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 48
- Location
- Greenville, TX
- Founding
- 04/2007
- Data as of
- 08/2020
- EIN
- 35-2212630
Organization Overview
Robotics Education And Competition Foundation Inc is located in Greenville, TX. The organization was established in 2007. 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 08/2020, Robotics Education And Competition Foundation Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robotics Education And Competition 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 08/2020, Robotics Education And Competition Foundation Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $9.3m during the year ending 08/2020. While expenses have increased by 1.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE STUDENT INTEREST AND INVOLVEMENT IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS(STEM)BY ENGAGING STUDENTS IN HANDS ON AFFORDIABLE AND SUSTAINABLE ROBOTICS ENGINEERING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ROBOTICS EDUCATION & COMPETITION FOUNDATION, INC (REC FOUNDATION) WAS SUCCESSFUL IN INCREASING STUDENT INTEREST AND INVOLVEMENT IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS, (STEM)BY ENGAGING STUDENTS IN HANDS ON SUSTAINABLE AND AFFORDABLE CURRICULUM-BASED ROBOTICS ENGINEERING PROGRAMS ACROSS THE US AND INTERNATIONALLY.
THE ROBOTICS EDUCATION & COMPETITION FOUNDATION, INC (REC FOUNDATION) WAS SUCCESSFUL IN INCREASING STUDENT INTEREST AND INVOLVEMENT IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS, (STEM)BY ENGAGING STUDENTS IN HANDS ON SUSTAINABLE AND AFFORDABLE CURRICULUM-BASED ROBOTICS ENGINEERING PROGRAMS ACROSS THE US AND INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mantz Chairman Of The Board, CEO | OfficerTrustee | 40 | $350,138 |
David A Norman Director | Trustee | 1 | $0 |
Paul Copioli Director | Trustee | 1 | $0 |
Ronald Arscheene Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,927,797 |
| 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 | $10,348,184 |
| Statement of Expenses | |
|---|---|
| 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. | $1,767,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,090,142 |
| Pension plan accruals and contributions | $70,547 |
| Other employee benefits | $0 |
| Payroll taxes | $975,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $188,572 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,338 |
| Travel | $347,734 |
| 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 | $11,670 |
| Insurance | $6,482 |
| All other expenses | $0 |
| Total functional expenses | $9,343,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,125,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $388,004 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,564,646 |
| Accounts payable and accrued expenses | $89,954 |
| Grants payable | $0 |
| Deferred revenue | $308,114 |
| 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 | $29,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,050 |
| Total liabilities | $626,707 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,937,939 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Robotics Education And Competition Foundation Inc has recieved totaling $68,222.
| Awarding Organization | Amount |
|---|---|
Indy Women In Tech Indianapolis, IN PURPOSE: GENERAL ASSISTANCE | $68,222 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |
Compass Academy Charter School Inc Odessa, TX | $45,382,353 | $13,322,993 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Leadership Prep School Frisco, TX | $24,409,285 | $12,471,078 |
Arkansas Public School Resource Center Inc Little Rock, AR | $6,340,415 | $12,760,504 |
Mission Interests Committee Harrison, AR | $10,271,501 | $13,233,204 |
Texas Tribune Inc Austin, TX | $12,456,170 | $12,467,958 |