Escape Velocity
- Assets
- $7.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 05/2017
- Data as of
- 12/2019
- EIN
- 47-4322131
Organization Overview
Escape Velocity is located in Alexandria, VA. The organization was established in 2017. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Escape Velocity 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 12/2019, Escape Velocity generated $113.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $81.2k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
ESCAPE VELOCITY PROMOTES STEAM EDUCATIONAL ACTIVITIES WITHIN THE CONTEXT OF SCIENCE FICTION USING THE FUN OF COMIC CONS AND FASCINATION OF SCIENCE AND ENGINEERING ESTIVALS. ESCAPE VELOCITY SEEKS TO MAKE A MEASURABLE POSITIVE IMPACT TO BOOST INFORMAL EARNING ON THE MORE CONCEPTUALLY CHALLENGING ACADEMIC AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Viggiano Executive Director | 20 | $0 | |
Stephen Viggiano Board Member | 1 | $0 | |
Marc Viggiano Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,246 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,246 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,242 |
| Other expenses | $76,981 |
| Total expenses | $81,223 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $810 |
| Other assets | $0 |
| Total assets | $7,032 |
| Total liabilities | $150,354 |
| Net assets or fund balances | -$143,322 |