Erudite Technology Group
- Assets
- $1.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 44
- Location
- Palo Alto, CA
- Founding
- 01/1998
- Data as of
- 08/2023
- EIN
- 94-3251053
Organization Overview
Erudite Technology Group, operating under the name Dba Hope Technology Group, is located in Palo Alto, CA. The organization was established in 1998. As of 08/2023, Dba Hope Technology Group employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dba Hope Technology Group 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 08/2023, Dba Hope Technology Group generated $2.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.0m during the year ending 08/2023. While expenses have increased by 1.5% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Ewell Executive Director | Officer | 10 | $18,000 |
Mary Wilson Treasurer | Officer | 10 | $15,000 |
Russell Ewell President | OfficerTrustee | 2 | $0 |
Tom Schaffernoth Director | Trustee | 1 | $0 |
Cecilia Coyne Director | Trustee | 1 | $0 |
Victor Ward Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,688 |
| Related organizations | $0 |
| Government grants | $326,229 |
| All other contributions, gifts, grants, and similar amounts not included above | $195,275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $591,192 |
| Total Program Service Revenue | $1,569,434 |
| Investment income | $12,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,963 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,163,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $97,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $33,000 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,394,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $186,491 |
| Payroll taxes | $112,829 |
| 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 | $550 |
| Advertising and promotion | $4,462 |
| Office expenses | $3,306 |
| Information technology | $2,631 |
| Royalties | $0 |
| Occupancy | $58,481 |
| 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 | $29,955 |
| All other expenses | $19,736 |
| Total functional expenses | $2,014,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $924,184 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $119,788 |
| Accounts receivable, net | $2,811 |
| 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 | $30,282 |
| Net Land, buildings, and equipment | $14,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,091,088 |
| Accounts payable and accrued expenses | $98,006 |
| Grants payable | $0 |
| Deferred revenue | $24,075 |
| 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 | $122,081 |
| Net assets without donor restrictions | $962,428 |
| Net assets with donor restrictions | $6,579 |
| 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 | $1,091,088 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joint Venture Silicon Valley Network San Jose, CA | $2,155,070 | $2,542,322 |
Erudite Technology Group Palo Alto, CA | $1,091,088 | $2,163,999 |
Redlands Educational Partnership Redlands, CA | $387,956 | $1,465,698 |
Industry Initiatives For Science And Math Education Santa Clara, CA | $1,460,267 | $1,556,593 |
Education Alliance Of Washoe County Inc Reno, NV | $251,117 | $749,834 |
San Diego Hua Xia Chinese School Incorporation San Diego, CA | $2,059,332 | $681,491 |
In4all Beaverton, OR | $429,234 | $610,326 |
Centro Latino For Literacy Granada Hills, CA | $186,926 | $461,828 |
Salinas Area Chamber Of Commerce Foundation Salinas, CA | $47,292 | $0 |
The Can Do Kid Fund Mill Valley, CA | $286,050 | -$3,450 |
The Washington Education Foundation Inc Peoria, AZ | $77,036 | $0 |