Michigan Robotics Foundation
- Assets
- $370.0
- Revenue
- $79.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Clarkston, MI
- Founding
- Data as of
- 06/2024
- EIN
- 84-2972874
Organization Overview
Michigan Robotics Foundation is located in Clarkston, MI. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, 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. Michigan Robotics Foundation 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 06/2024, Michigan Robotics Foundation generated $79.3k in total revenue. All expenses for the organization totaled $78.9k during the year ending 06/2024. While expenses have increased by 184.3% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING FOR FIRST ROBOTICS FRC TEAM 1506 TO SUPPORT A COMMUNITY BASED HIGH SCHOOL ROBOTICS TEAM. GRANT WAS USED TO PURCHASE RAW MATERIALS AND COVER TRAVEL EXPENSES.
FUNDRAISING FOR FIRST ROBOTICS FRC TEAM 4998 TO SUPPORT A GISD HIGH SCHOOL ROBOTICS TEAM. GRANT WAS USED TO PURCHASE RAW MATERIALS AND COVER TRAVEL EXPENSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Ridge President | 10 | $0 | |
Ann Ridge Vice President | 2 | $0 | |
John Wolfert Treasurer | 5 | $0 | |
Peter Mancini Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,247 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,250 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,591 |
| Total operating and administrative expenses | $7,591 |
| Contributions, gifts, grants paid | $71,289 |
| Total expenses and disbursements | $78,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $370 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |