Hacker Initiative
- Assets
- $1.8m
- Revenue
- $142.2k
- Investments
- $74.6k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 81-4838801
Organization Overview
Hacker Initiative is located in San Francisco, CA. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Hacker Initiative 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, Hacker Initiative generated $142.2k 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 (10.8%) each year. All expenses for the organization totaled $95.3k during the year ending 12/2023. 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
HACKER INITIATIVE IS CREATED TO SUPPORT AND GROW THE COLLECTIVE KNOWLEDGE AND CONTRIBUTIONS OF THE WORLDWIDE HACKER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HACKER INITIATIVE, THROUGH REVIEWS BY THE PROGRAMMING COMMITTEE, AWARDED GRANTS OF 20,000 TO ONE RECIPIENT. THE 2023 PROJECT: VIRTUAL TOWER - VIRTUAL SATELLITE: A NOVEL APPLICATION OF AN AERIAL RADIO TRANSCEIVER AROUND A DRONE IN A BOX; DESIGNED AS RAPID PROTOTYPING METHODS FOR THE EARLY DEVELOPMENT OF SPACE COMMUNICATION SKILLS. THE PROGRAMMING COMMITTEE IS COMPRISED OF ALL VOLUNTEERS FROM THE ENGINEERING COMMUNITY, THE BROADER COMMUNITY, AND SOME OF THE BOARD MEMBERS OF HACKER INITIATIVE. DETAILS OF GRANT RECIPIENTS AND PROJECTS GRANTED ARE ON THE HACKER INITIATIVE NONPROFIT WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garret Gee Board Memb/t | OfficerTrustee | 0.5 | $0 |
William Maggs Board Member | Trustee | 0.1 | $0 |
Marten Mickos Board Member | Trustee | 0.05 | $0 |
William D Pollock Chair Of The | OfficerTrustee | 9 | $0 |
Ean Schuessler Board Member | Trustee | 0.75 | $0 |
Vicki Friedberg Interim Secr | Officer | 1.5 | $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 | $88,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,327 |
| Total Program Service Revenue | $0 |
| Investment income | $40,009 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $142,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,013 |
| Advertising and promotion | $165 |
| Office expenses | $343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $1,498 |
| All other expenses | $0 |
| Total functional expenses | $95,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,437 |
| Savings and temporary cash investments | $394,265 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,263,827 |
| Investments—other securities | $74,615 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,835,144 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,835,144 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,835,144 |
Grants Awarded
Over the last fiscal year, Hacker Initiative has awarded $34,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ATHENS YMCA - STEM CLUB PURPOSE: SUPPORT STEM PROGRAM | $7,000 |
RURAL TECHNOLOGY FUND PURPOSE: FUND TECHNOLOGY | $10,000 |
LEARNING EQUALITY PURPOSE: OPEN SOURCE CONTENT | $10,000 |
TECH TEACHERS TRAVEL INC PURPOSE: LAB AND TRAINING | $7,200 |