Totals
- Total revenue
- $4,405,585
- Total expenses
- $4,523,639
- Contributions and grants received
- $663,090
- Grants paid
- $0
- Program service revenue
- $3,605,491
- Investment income
- -$5,164
- Other revenue
- $142,168
- Total assets, end of year
- $439,512
- Total liabilities, end of year
- $542,757
- Net assets or fund balances, end of year
- -$103,245
- Program services expenses (Part IX)
- $3,491,126
- Management and general expenses
- $841,144
- Fundraising expenses
- $191,369
- Program service expenses (Part III)
- $3,491,126
Program services were 77.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$663,090
-
2a · Program service revenue: NATIONAL COMPETITION
total $2,974,654 · related or exempt $2,974,654
-
2b · Program service revenue: TEAM REGISTRATION FEES
total $630,837 · related or exempt $630,837
-
7b · Less cost or other basis and sales expenses
other assets $5,164
-
7c · Gain or loss
other assets -$5,164
-
7d · Net gain or loss
total -$5,164 · excluded -$5,164
-
10a · Gross sales of inventory
$59,536
-
10b · Cost of goods sold
$14,722
-
10c · Net income from sales of inventory
total $44,814 · excluded $44,814
-
11a · Other revenue: OTHER INCOME
total $97,354 · excluded $97,354
-
11e · Other revenue, total
$97,354
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $192,651 · program services $135,832 · management and general $38,065 · fundraising $18,754
-
7 · Other salaries and wages
total $1,231,079 · program services $930,074 · management and general $174,447 · fundraising $126,558
-
9 · Other employee benefits
total $88,084 · management and general $86,215 · fundraising $1,869
-
10 · Payroll taxes
total $120,848 · program services $85,204 · management and general $23,879 · fundraising $11,765
-
11b · Fees: legal
total $14,289 · management and general $14,289
-
11c · Fees: accounting
total $86,287 · management and general $86,287
-
11g · Fees: other
total $228,333 · program services $193,919 · management and general $29,753 · fundraising $4,661
-
12 · Advertising and promotion
total $24,006 · program services $8,439 · management and general $11,159 · fundraising $4,408
-
13 · Office expenses
total $7,436 · program services $2,754 · management and general $3,509 · fundraising $1,173
-
14 · Information technology
total $476,979 · program services $319,038 · management and general $150,393 · fundraising $7,548
-
16 · Occupancy
total $970,300 · program services $948,708 · management and general $17,039 · fundraising $4,553
-
17 · Travel
total $64,434 · program services $59,265 · management and general $3,932 · fundraising $1,237
-
22 · Depreciation, depletion and amortization
total $3,000 · program services $1,500 · management and general $1,200 · fundraising $300
-
23 · Insurance
total $47,651 · program services $23,826 · management and general $19,060 · fundraising $4,765
-
24a · Other expenses: CATERING
total $161,170 · program services $161,170
-
24b · Other expenses: AUDIO VISUAL EXPENSES
total $159,657 · program services $159,657
-
24c · Other expenses: OTHER GLOBAL FINALS COS
total $112,967 · program services $104,030 · management and general $8,937
-
24d · Other expenses: INFRASTRUCTURE
total $104,120 · program services $104,120
-
24e · All other expenses
total $430,348 · program services $253,590 · management and general $172,980 · fundraising $3,778
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $322,054 · end of year $207,225
-
4 · Accounts receivable
beginning of year $100,058 · end of year $125,051
-
9 · Prepaid expenses and deferred charges
beginning of year $64,613 · end of year $84,413
-
10a · Land, buildings and equipment: cost or other basis
$370,847
-
10b · Land, buildings and equipment: accumulated depreciation
$370,847
-
10c · Land, buildings and equipment, net
beginning of year $8,164 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $22,823
-
17 · Accounts payable and accrued expenses
beginning of year $249,615 · end of year $199,889
-
19 · Deferred revenue
beginning of year $195,340 · end of year $288,772
-
25 · Other liabilities
beginning of year $41,305 · end of year $54,096
-
27 · Net assets without donor restrictions
beginning of year -$108,260 · end of year -$103,245
-
28 · Net assets with donor restrictions
beginning of year $116,889 · end of year $0
Mission and programs · 2022
Mission
TO ENGAGE PARTICIPANTS IN PROJECT-BASED CHALLENGES THAT ARE DESIGNED TO BUILD CONFIDENCE AND DEVELOP EXTRAORDINARY CREATIVITY, CRITICAL THINKING, COMMUNICATION, AND TEAMWORK SKILLS.
Activities or mission (Part I)
THE MISSION STATEMENT IS: TO INSPIRE AND EQUIP YOUTH TO IMAGINE AND INNOVATE THROUGH THE CREATIVE PROCESS. WE CREATE A PROGRAM EACH YEAR, DISTRIBUTED PRIMARILY TO SCHOOL OR SCHOOLS DISTRICTS, FOR STUDENTS TO CREATE TEAMS AND WORK ON ONE OF 6 CHALLENGES. FIVE MEET THE STANDARD RUBRICS AND ONE IS SERVICE LEARNING. THE PROGRAM IS DESIGNED TO PROMOTE TEAM WORK AND COLLABORATION AND INCLUDES FIXED OPEN CHALLENGES. TEAMS ARE THEN ABLE TO COMPETE, REGIONALLY, STATE, PROVINCE OR COUNTRY WIDE AGAINST OTHER TEAMS. THE YEAR CULMINATES IN AN INVITATIONAL EVENT FOR ALL OF THE TOP PLACING TEAMS.
-
GLOBAL FINALS (GF) IS AN ANNUAL LIVE EVENT GF IS A COMPETITION FOR THE WINNERS OF OUR AFFILIATES' LOCAL, STATE, AND REGIONAL CHALLENGE COMPETITIONS FROM AROUND THE WORLD. THESE TOP TEAMS COMPETE IN OUR EDUCATIONAL CHALLENGE PROGRAMS TO DETERMINE TOP TEAMS.
Expenses $3,491,126 · Revenue $3,605,491
As filed on the 2022 return.
Listed in Part VII
-
WES ALLEN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
CHUCK GOOD
INTERIM VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL JUNG
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
WILL ROACH
CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 2
-
MUHANNAD AL-JARRAH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
AIMEE BARBAGALLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
LISA DINER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CRAIG RICHARDSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
UROOJ SEEMEEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ANDREA FAULKNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
NIRAL MERCHANT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KATE NYLANDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JAYNE LERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
LISA HAUSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MICHELE TUCK-PONDER
EXECUTIVE DIRECTOR
- Total calculated
- $188,841
- From this org
- $188,841
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,841
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $188,841
-
KEVIN MCDONOUGH
MANAGING DIRECTOR OF INTERNAL OPERATIONS
- Total calculated
- $142,135
- From this org
- $129,214
- From related orgs
- $0
- Other
- $12,921
- Hours/week
- 40
-
PAIGE CURTIS
DIR. STRATEGIC INITIATIVES & EVENTS
- Total calculated
- $109,814
- From this org
- $109,814
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202422329349300907
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