Reality Hack Inc
- Assets
- $44.4k
- Revenue
- $232.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3780556
Organization Overview
Reality Hack Inc is located in Cambridge, MA. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Reality Hack 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 12/2022, Reality Hack Inc generated $232.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $198.6k during the year ending 12/2022. While expenses have increased by 22.0% per year over the past 3 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF REALITY HACK INC (THE ORGANIZATION') IS TO PROMOTE USES OF MIXED REALITY TECHNOLOGY THAT ARE BENEFICIAL AND EQUITABLE TO SOCIETY. MIXED REALITY TECHNOLOGY ALLOWS FOR A BLENDING OF THE PHYSICAL WORLD AND DIGITALLY CREATED OBJECTS, AND A MIXED-REALITY EXPERIENCE IS ENABLED BY WEARING VIRTUAL AND AUGMENTED REALITY GOGGLES OR GLASSES, OR USING DISPLAYS. ACTUAL AND POTENTIAL USES OF MIXED REALITY TECHNOLOGY INCLUDE, FOR EXAMPLE, (A) WORKER TRAINING AND INSTRUCTION PROGRAMS IN WHICH MACHINERY CAN BE VISUALIZED IN A FACTORY AND VIRTUAL EQUIPMENT CAN BE OPERATED AND MOVED AROUND THE SPACE; (B) ELEMENTARY SCHOOL STUDENTS ACCESSING SUPPORTIVE SOCIAL AND EMOTIONAL LEARNING SO THAT THEY EXPERIENCE LIFE FROM NEW PERSPECTIVES AND COLLABORATE; AND (C) MEDICAL STUDENTS HAVING AN OPPORTUNITY TO PRACTICE SURGERIES BY ACCESSING VIRTUALIZATION OF OPERATING ROOM DATA DURING A PROCEDURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S EVENT FORMAT IS EVER-EVOLVING, BUT CURRENTLY HAS THE FOLLOWING STRUCTURE: THE EVENT LASTS FOR FIVE DAYS, WITH ONE DAY OF INTENSIVE LEARNING, THREE DAYS OF PROTOTYPE CREATION WITH A COMPETITIVE COMPONENT,AND ONE DAY FOR AN EXPO. PARTICIPANTS WILL NOT BE CHARGED TO ATTEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luka Srsic Director | Trustee | 3 | $0 |
Maria Rice Director | Trustee | 3 | $0 |
Austin Edelmam Director | Trustee | 3 | $0 |
Tim Hyland Director | Trustee | 3 | $0 |
Scott Greenwald President | Officer | 3 | $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 | $232,109 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,109 |
| Total Program Service Revenue | $0 |
| 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 | $232,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,915 |
| 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 | $1,375 |
| 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 | $0 |
| Advertising and promotion | $1,304 |
| Office expenses | $2,722 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,653 |
| Travel | $21,170 |
| 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 | $0 |
| All other expenses | $14,377 |
| Total functional expenses | $198,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,356 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,356 |
| 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 | $11,025 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,025 |
| Net assets without donor restrictions | $33,331 |
| 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 | $44,356 |