Civic Intelligence

Robotics Education and Competition Foundation Inc.

990 • Fiscal year 2016 • EIN 35-2212630

Sep 01, 2015 to Aug 31, 2016 • 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

Down

$328,724

Down $115,020 (-26%) from 2015

Net Assets

Down

-$159,094

Down $389,530 (-169%) from 2015

Liabilities

Up

$487,818

Up $274,510 (+129%) from 2015

Revenue And Expenses

Revenue

Up

$8,033,625

Up $1,968,582 (+32%) from 2015

Expenses

Up

$8,420,499

Up $2,154,742 (+34%) from 2015

Net Income

Down

-$386,874

Down $186,160 (-93%) from 2015

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 2016: $328,725Liabilities 2016: $316,084Net Assets 2016: $12,6412016Assets 2016: $328,724Liabilities 2016: $487,818Net Assets 2016: -$159,0942016Assets 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

2016

Assets$328,724
Liabilities$487,818
Net Assets-$159,094
Open 2016 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 2016: $7,973,762Expenses 2016: $8,139,292Net Income 2016: -$165,5302016Revenue 2016: $8,033,625Expenses 2016: $8,420,499Net Income 2016: -$386,8742016Revenue 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

2016

Revenue$8,033,625
Expenses$8,420,499
Net Income-$386,874
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2015 to Aug 31, 2016
Signed
Dec 15, 2017
Return Version
2015v3.0
Gross Receipts
$8,033,625
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.

Mission: To educate 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
Accounts Receivable-$214,165-
Cash and Non-Interest-Bearing Accounts$353,168$105,804▼ $247,364
Inventories for Sale or Use$8,285$8,755▲ $470
Land, Buildings, and Equipment, Net$6,146--
Total Assets$367,599$328,724▼ $38,875
Liabilities
Accounts Payable and Accrued Expenses$139,819$487,818▲ $347,999
Total Liabilities$139,819$487,818▲ $347,999
Net Assets / Fund Balance
Temporarily Rstr Net Assets$120,000--
Unrestricted Net Assets$107,780$-159,094▼ $266,874
Total Net Assets Fund Balance$227,780$-159,094▼ $386,874
Total Liabilities and Net Assets / Fund Balance$367,599$328,724▼ $38,875

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$15,484$15,484
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jason MorrellaPresidentFT$257,169$16,768$273,937
Jason Morrella--$257,169$16,768$273,937
Miller RobertsVice President of OperationsFT$118,050$11,164$129,214

Board Members and Trustees

NameTitle
David a NormanDirector
Ronald ArscheeneDirector
Paul CopioliSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,281,552
Program Service Revenue
$3,629,549
Investment Income
$0
Other Revenue
$122,524
All Other Contributions
$4,046,527
Change in Net Assets
$-386,874

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,033,625
Total Revenue per Audited Statements
$8,033,625
Total Revenue per Form 990
$8,033,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,823,427
Salaries, Compensation, and Employee Benefits$2,576,572
Grants and Similar Amounts Paid$20,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$4,641,780$0$0$4,641,780
Other Salaries and Wages$855,427$473,386$0$1,328,813
Travel$0$742,269$0$742,269
Payroll Taxes$336,842$234,076$0$570,918
Current Officers, Directors, Trustees, and Key Employees$171,748$257,623$0$429,371
Office Expenses$11,761$213,884$0$225,645
Other Employee Benefits$87,439$60,763$0$148,202
Fees for Services Other$0$130,966$0$130,966
Pension Plan Contributions$58,568$40,700$0$99,268
Occupancy$0$47,486$0$47,486
Advertising$22,027$0$0$22,027
Grants to Domestic Individuals$20,500--$20,500
Insurance$0$7,109$0$7,109
Depreciation Depletion$0$6,145$0$6,145
Total Functional Expenses$6,206,092$2,214,407$0$8,420,499

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,420,499
Total Expenses per Audited Statements$8,420,499
Total Expenses per Form 990$8,420,499
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
No
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
Dan Mantz
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
34
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 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.”

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 or subject to approval of members other than the governing body.”

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1500
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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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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/ExplanationTxt1Salaries are determined based on compensation studies and market prices, and executed by the board.
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ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAN MANTZ
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
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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
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ReturnHeader/PreparerPersonGrp/PreparationDt02017-12-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MIKE WARD
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-12-18T09:45:27-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-09-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$328,724
Liabilities
$487,818
Net assets
-$159,094
Revenue
$8,033,625
Expenses
$8,420,499
Net income
-$386,874
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
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.49$0.16$8.03$8.42$0.39
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.21$0.23$6.07$6.27$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.11$0.11$5.15$4.92$0.24