Civic Intelligence

Robotics Education and Competition Foundation Inc.

990 • Fiscal year 2015 • EIN 35-2212630

Sep 01, 2014 to Aug 31, 2015 • Filed on Dec 15, 2017

Organization Profilewww.roboticseducation.org

View Organization Page

PO Box 8276Greenville, TX 75404

(214) 771-0975

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$367,599

Up $140,067 (+62%) from 2014

Net Assets

Up

$227,780

Up $115,029 (+102%) from 2014

Liabilities

Up

$139,819

Up $25,038 (+22%) from 2014

Revenue And Expenses

Revenue

Up

$7,401,752

Up $2,247,071 (+44%) from 2014

Expenses

Up

$7,286,723

Up $2,368,841 (+48%) from 2014

Net Income

Down

$115,029

Down $121,770 (-51%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0-$5.0MAssets 2014: $227,532Liabilities 2014: $114,781Net Assets 2014: $112,7512014Assets 2015: $443,744Liabilities 2015: $213,308Net Assets 2015: $230,4362015Assets 2015: $367,599Liabilities 2015: $139,819Net Assets 2015: $227,7802015Assets 2016: $328,725Liabilities 2016: $316,084Net Assets 2016: $12,6412016Assets 2017: $403,059Liabilities 2017: $814,039Net Assets 2017: -$410,9802017Assets 2018: $1,342,141Liabilities 2018: $465,448Net Assets 2018: $876,6932018Assets 2019: $4,075,313Liabilities 2019: $2,141,803Net Assets 2019: $1,933,5102019Assets 2020: $3,564,646Liabilities 2020: $626,707Net Assets 2020: $2,937,9392020Assets 2022: $8,149,445Liabilities 2022: $2,048,851Net Assets 2022: $6,100,5942022Assets 2023: $15,304,474Liabilities 2023: $6,049,512Net Assets 2023: $9,254,9622023Assets 2024: $18,429,317Liabilities 2024: $4,489,757Net Assets 2024: $13,939,5602024

Highlighted filing

2015

Assets$367,599
Liabilities$139,819
Net Assets$227,780
Open 2015 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2014: $5,154,681Expenses 2014: $4,917,882Net Income 2014: $236,7992014Revenue 2015: $6,065,043Expenses 2015: $6,265,757Net Income 2015: -$200,7142015Revenue 2015: $7,401,752Expenses 2015: $7,286,723Net Income 2015: $115,0292015Revenue 2016: $7,973,762Expenses 2016: $8,139,292Net Income 2016: -$165,5302016Revenue 2017: $8,635,409Expenses 2017: $8,887,295Net Income 2017: -$251,8862017Revenue 2018: $10,907,672Expenses 2018: $9,619,999Net Income 2018: $1,287,6732018Revenue 2019: $13,576,182Expenses 2019: $12,519,365Net Income 2019: $1,056,8172019Revenue 2020: $10,348,184Expenses 2020: $9,343,754Net Income 2020: $1,004,4302020Revenue 2022: $17,811,729Expenses 2022: $17,442,610Net Income 2022: $369,1192022Revenue 2023: $21,942,896Expenses 2023: $18,788,529Net Income 2023: $3,154,3672023Revenue 2024: $22,099,348Expenses 2024: $19,156,676Net Income 2024: $2,942,6722024

Highlighted filing

2015

Revenue$7,401,752
Expenses$7,286,723
Net Income$115,029
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Dec 15, 2017
Return Version
2014v6.0
Gross Receipts
$7,401,752
Mission and Program Overview

Mission

The robotics & education foundation, inc, a 501(c)(3) organization, supports robotics and technology events and programs that aim to inspire and motivate students to advance in stem education. The foundation also provides program support and workshops focused on technology and professional development for educators.

To educated in the fields of science and technology by supporting robotics and technology events and programs that aim to inspire and motivate students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$84,323$353,168▲ $268,845
Accounts Receivable$88,971--
Inventories for Sale or Use-$8,285-
Land, Buildings, and Equipment, Net$51,888$6,146▼ $45,742
Total Assets$227,532$367,599▲ $140,067
Other Assets Total$2,350--
Liabilities
Accounts Payable and Accrued Expenses-$139,819-
Other Liabilities$114,781--
Total Liabilities$114,781$139,819▲ $25,038
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$120,000-
Unrestricted Net Assets$112,751$107,780▼ $4,971
Total Net Assets Fund Balance$112,751$227,780▲ $115,029
Total Liabilities and Net Assets / Fund Balance$227,532$367,599▲ $140,067

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,146$9,339-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason MorrellaPresidentFT$245,261$12,909$258,170
Jason Morrella--$230,261$27,909$258,170
Miller RobertsVP of OperationsFT$112,545$5,963$118,508

Board Members and Trustees

NameTitle
Joseph AstrothChairman-Term 7/31/15
David a NormanDirector
Paul CopioliSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,500,883
Program Service Revenue
$2,900,869
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,657,583
Change in Net Assets
$115,029

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,401,752
Total Revenue per Audited Statements
$7,401,752
Total Revenue per Form 990
$7,401,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,718,139
Salaries, Compensation, and Employee Benefits$2,518,584
Grants and Similar Amounts Paid$50,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,315,049$616,766$0$1,931,815
Travel$478,683$272,945$0$751,628
Current Officers, Directors, Trustees, and Key Employees$143,122$214,684$0$357,806
Office Expenses$106,375$60,655$0$167,030
Other Employee Benefits$102,072$58,202$0$160,274
Other Expenses$102,110$48,163$0$150,273
Payroll Taxes$43,745$24,944$0$68,689
Grants to Domestic Individuals$50,000--$50,000
Occupancy$31,006$17,680$0$48,686
Advertising$0$39,533$0$39,533
Insurance$3,452$1,968$0$5,420
Total Functional Expenses$5,931,183$1,355,540$0$7,286,723

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,286,723
Total Expenses per Audited Statements$7,286,723
Total Expenses per Form 990$7,286,723
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Robotics Education & Competition Foundation Inc
EIN
35-2212630
Phone
2147710975
Address
PO Box 8276, Greenville, TX 75404

Signing Officer

Name
Mike Ward
Title
CEO & Chairman of the Board
Phone
2147710975
Signed
2017-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Mantz
Formed
2006
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
3
Employees
19
Volunteers
1,000

Preparer

Firm
Mike Ward Accounting & Financial Consulting
Address
266 Rs County Road 1397, Point, TX 75472
Preparer
Mike Ward
Phone
9032696211
Supplemental Narrative

Additional Explanations

Pt VI, Line 7A

“The Organization had members with the power to elect or appoint one or more members of the governing body.”

Pt VI, Line 7B

“Governance decisions of the Organization are reserved to approval of members other than the governing body.”

Pt VI, Line 11B

“The Organization uses a third party to prepare return. A manual subsequent review is prepared by management where the return is compared to audit report.”

Pt VI, Line 15A

“Salaries are determined based on compensation studies and market prices, and executed by the board.”

Pt VI, Line 15B

“Salaries are determined based on compensation studies and market prices, and executed by the board.”

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The REC Foundation has adopted a multifaceted approach to maintain records and substantiate grants/assistance. They have adopted a standard operating procedure to collect and reconcile grant awards. The procedural documents that govern this are titled "SOP": Tracking team grants, "SOP 930: Grant opportunities & procedures, Apply REC Foundation team grants, 2016-17 Grants process summary, and 2016-17 grants available chart. In summary, these documents outline the procedure to verify the "requirements" provided by sponsors/donors of the REC Foundation, the procedure by which applications will be approved for funding, the process by which materials/support will be distributed, verification of receipt, and reconciliation of materials/support given. Additionally, digital records are stored in for of sgared Google drive tracking documents, each product "sku" distributed (tracked by coupon code), and through trackingresources available at www.robotevents.com. 2. Following the operating procedures, applicants complete an application consisting of 19 questions. These 19 questions range from asking if an applicant is a school designated as a Title I by the United States Department of Education to a description of organizational need. These 19 questions allow the RECF staff evaluators to determine the eligibility of applicants to receive materials per operating procedures, sponsor/donor guidelines, and applicable legal guidelines.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0230261
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt012909
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JASON MORRELLA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0258170
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization had members with the power to elect or appoint one or more members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governance decisions of the Organization are reserved to approval of members other than the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization uses a third party to prepare return. A manual subsequent review is prepared by management where the return is compared to audit report.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Salaries are determined based on compensation studies and market prices, and executed by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Salaries are determined based on compensation studies and market prices, and executed by the board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/StatesWhereCopyOfReturnIsFldCd1TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0120000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0227532
IRS990/TotalAssetsEOYAmt0367599
IRS990/TotalAssetsGrp/BOYAmt0227532
IRS990/TotalAssetsGrp/EOYAmt0367599
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt04500883
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01355540
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05931183
IRS990/TotalFunctionalExpensesGrp/TotalAmt07286723
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0114781
IRS990/TotalLiabilitiesEOYAmt0139819
IRS990/TotalLiabilitiesGrp/BOYAmt0114781
IRS990/TotalLiabilitiesGrp/EOYAmt0139819
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0112751
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0227780
IRS990/TotalOtherCompensationAmt018872
IRS990/TotalProgramServiceExpensesAmt05931183
IRS990/TotalProgramServiceRevenueAmt02900869
IRS990/TotalReportableCompFromOrgAmt0357806
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02900869
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07401752
IRS990/TotalVolunteersCnt01000
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0227532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0367599
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0272945
IRS990/TravelGrp/ProgramServicesAmt0478683
IRS990/TravelGrp/TotalAmt0751628
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0112751
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0107780
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 8276
IRS990/USAddress/CityNm0Greenville
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075404
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.roboticseducation.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE WARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO & CHAIRMAN OF THE BOARD
ReturnHeader/BusinessOfficerGrp/PhoneNum02147710975
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Robotics Education & Competition Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0ROBO
ReturnHeader/Filer/EIN0352212630
ReturnHeader/Filer/PhoneNum02147710975
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 8276
ReturnHeader/Filer/USAddress/CityNm0Greenville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075404
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mike Ward Accounting & Financial Consulting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0266 Rs County Road 1397
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Point
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075472
ReturnHeader/PreparerPersonGrp/PhoneNum09032696211
ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE WARD
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-12-15T12:32:11-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-09-01
ReturnHeader/TaxPeriodEndDt02015-08-31
ReturnHeader/TaxYr02014

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$367,599
Liabilities
$139,819
Net assets
$227,780
Revenue
$7,401,752
Expenses
$7,286,723
Net income
$115,029
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$18.4$4.49$13.9$22.1$19.2$2.94
2023Detailed filing. Detailed filing data is available for this year.$15.3$6.05$9.25$21.9$18.8$3.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.15$2.05$6.10$17.8$17.4$0.37
2020Detailed filing. Detailed filing data is available for this year.$3.56$0.63$2.94$10.3$9.34$1.00
2019Detailed filing. Detailed filing data is available for this year.$4.08$2.14$1.93$13.6$12.5$1.06
2018Detailed filing. Detailed filing data is available for this year.$1.34$0.47$0.88$10.9$9.62$1.29
2017Detailed filing. Detailed filing data is available for this year.$0.40$0.81$0.41$8.64$8.89$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.32$0.01$7.97$8.14$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.21$0.23$6.07$6.27$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.37$0.14$0.23$7.40$7.29$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.11$0.11$5.15$4.92$0.24