Best Robotics Inc
- Assets
- $86.7k
- Revenue
- $195.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Pittsburgh, PA
- Founding
- 04/1998
- Data as of
- 12/2023
- EIN
- 75-2733350
Organization Overview
Best Robotics Inc is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Best Robotics Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Best Robotics 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 12/2023, Best Robotics Inc generated $195.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $248.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE EDUCATION OF THE PUBLIC IN ENGINEERING, MATHEMATICS & RELATED SCIENTIFIC DISCIPLINES THRU PROMOTING & OVERSEEING COMPETITIVE ACTIVITIES BETWEEN TEAMS FROM SECONDARY SCHOOLS AND OTHER INTERESTED GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE EDUCATION OF THE PUBLIC IN ENGINEERING, MATHEMATICS & RELATED SCIENTIFIC DISCIPLINES THRU PROMOTING & OVERSEEING COMPETITIVE ACTIVITIES BETWEEN TEAMS FROM SECONDARY SCHOOLS AND OTHER INTERESTED GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Steiner Executive Director | OfficerTrustee | 40 | $84,000 |
Greg Young Director Of Operations | OfficerTrustee | 2 | $24,000 |
Vernard Henley President | OfficerTrustee | 2 | $0 |
Finch Fulton Vice President & Treasurer | OfficerTrustee | 2 | $0 |
Sofia Mirza Secretary | OfficerTrustee | 2 | $0 |
Janne Ackerman Audit Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,335 |
| Total Program Service Revenue | $75,000 |
| 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 | $195,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,671 |
| 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. | $108,000 |
| Compensation of current officers, directors, key employees. | $5,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,130 |
| Payroll taxes | $11,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,075 |
| Fees for services: Accounting | $21,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $547 |
| Office expenses | $0 |
| Information technology | $13,378 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75 |
| Interest | $971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,393 |
| All other expenses | $5,239 |
| Total functional expenses | $248,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $1,203 |
| 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 | $325 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,706 |
| Accounts payable and accrued expenses | $238 |
| 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 | $238 |
| Net assets without donor restrictions | $67,704 |
| Net assets with donor restrictions | $18,764 |
| 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 | $86,706 |