Hack The Hood Inc
- Assets
- $1.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Oakland, CA
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 68-0632366
Organization Overview
Hack The Hood Inc is located in Oakland, CA. The organization was established in 2007. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Hack The Hood Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hack The Hood 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 12/2021, Hack The Hood Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hack The Hood Inc has awarded 13 individual grants totaling $301,834. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HACK THE HOOD PROVIDES FREE TECH EDUCATION TRAINING PROGRAMS TO YOUTH OF COLOR VIA 8 - 12 WEEK CODING AND DATA ANALYTICS BOOTCAMPS. THESE YOUTH HONE THEIR SKILLS BY CREATING WEBSITES FOR SMALL BUSINESSES AND RECEIVE CAREER EXPOSURE AND MENTORSHIP FROM INDUSTRY PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HACK THE HOODS MISSION IS TO DECREASE THE DIGITAL DIVIDE BY PROVIDING REAL-WORLD LEARNING OPPORTUNITIES THAT TEACH LOW-INCOME YOUTH OF COLOR TECHNOLOGY, ENTREPRENEURSHIP, AND LIFE SKILLS WHILE ALSO HELPING OTHERS IN THEIR COMMUNITY.WE ALSO PROVIDE TRAINING, MENTORSHIP, NETWORKING OPPORTUNITIES, CAREER COACHING AND JOB/INTERNSHIP PLACEMENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Shumate Executive Dir. | Officer | 40 | $146,926 |
Anina Tweed Dir Of Development | 40 | $121,413 | |
Ken Sorey Treasurer | OfficerTrustee | 5 | $0 |
Jing Zhang Board Chair | OfficerTrustee | 5 | $0 |
Luther Jackson Secretary | OfficerTrustee | 5 | $0 |
Kamal Shah Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $359,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,298,475 |
| Noncash contributions included in lines 1a–1f | $14,141 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,657,854 |
| Total Program Service Revenue | $72,500 |
| 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 | $1,730,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| Grants and other assistance to domestic individuals. | $38,822 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,209 |
| Compensation of current officers, directors, key employees. | $15,822 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,639 |
| Pension plan accruals and contributions | $19,988 |
| Other employee benefits | $47,654 |
| Payroll taxes | $70,473 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,200 |
| Fees for services: Accounting | $35,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,021 |
| Advertising and promotion | $2,379 |
| Office expenses | $25,060 |
| Information technology | $27,130 |
| Royalties | $0 |
| Occupancy | $74,904 |
| Travel | $4 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,191 |
| Insurance | $4,137 |
| All other expenses | $0 |
| Total functional expenses | $1,311,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,308,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $206,229 |
| 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 | $20,066 |
| Net Land, buildings, and equipment | $23,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,558,755 |
| Accounts payable and accrued expenses | $68,650 |
| 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 | $68,650 |
| Net assets without donor restrictions | $662,278 |
| Net assets with donor restrictions | $827,827 |
| 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 | $1,558,755 |
Grants Awarded
Over the last fiscal year, Hack The Hood Inc has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: Partner funding | $20,000 |
Oakland, CA PURPOSE: Partner funding | $20,000 |
Oakland, CA PURPOSE: Partner funding | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Hack The Hood Inc has recieved totaling $288,042.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $82,192 |
New Venture Fund Washington, DC PURPOSE: YOUTH DEVELOPMENT AND EDUCATION | $50,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $47,500 |
Shg Foundation San Francisco, CA PURPOSE: FOR CHARITABLE PURPOSES | $44,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $37,750 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |
Foundation Of Palm Springs Unified School District Palm Springs, CA | $3,246,098 | $1,243,965 |
Trichell Family Foundation Bakersfield, CA | $14,378,452 | $28,165 |