Totals
- Total revenue
- $4,974,838
- Total expenses
- $3,170,440
- Contributions and grants received
- $4,882,926
- Grants paid
- $0
- Program service revenue
- $88,291
- Investment income
- $631
- Other revenue
- $2,990
- Total assets, end of year
- $4,804,868
- Total liabilities, end of year
- $47,126
- Net assets or fund balances, end of year
- $4,757,742
- Program services expenses (Part IX)
- $2,640,235
- Management and general expenses
- $315,514
- Fundraising expenses
- $214,691
- Program service expenses (Part III)
- $2,640,235
Program services were 83.3% 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
$4,882,926
-
2a · Program service revenue: FISCALLY-SPONSORED GROUP FEES
total $88,291 · related or exempt $88,291
-
3 · Investment income
total $631 · excluded $631
-
11a · Other revenue: MISCELLANEOUS
total $2,990 · related or exempt $2,990
-
11e · Other revenue, total
$2,990
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $269,302 · program services $132,454 · management and general $25,832 · fundraising $111,016
-
7 · Other salaries and wages
total $621,825 · program services $498,564 · management and general $57,233 · fundraising $66,028
-
9 · Other employee benefits
total $30,176 · program services $21,816 · management and general $5,226 · fundraising $3,134
-
10 · Payroll taxes
total $66,790 · program services $48,385 · management and general $4,486 · fundraising $13,919
-
11b · Fees: legal
total $7,069 · management and general $7,069
-
11c · Fees: accounting
total $34,835 · management and general $34,835
-
11g · Fees: other
total $286,961 · program services $271,640 · management and general $15,321
-
12 · Advertising and promotion
total $27,790 · program services $23,070 · management and general $4,720
-
13 · Office expenses
total $27,710 · management and general $22,168 · fundraising $5,542
-
14 · Information technology
total $56,897 · program services $51,207 · management and general $5,690
-
16 · Occupancy
total $69,447 · management and general $62,502 · fundraising $6,945
-
17 · Travel
total $79,937 · program services $55,616 · management and general $16,214 · fundraising $8,107
-
19 · Conferences, conventions and meetings
total $8,730 · program services $2,250 · management and general $6,480
-
23 · Insurance
total $4,888 · management and general $4,888
-
24a · Other expenses: SPONSORED PROJECTS
total $1,305,135 · program services $1,305,135
-
24b · Other expenses: PROGRAM EXPENSES
total $230,586 · program services $220,598 · management and general $9,988
-
24c · Other expenses: OTHER EXPENSES
total $42,362 · program services $9,500 · management and general $32,862
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,899,500 · end of year $4,646,882
-
3 · Pledges and grants receivable
end of year $50,000
-
9 · Prepaid expenses and deferred charges
beginning of year $1,475 · end of year $15,835
-
11 · Investments: publicly traded securities
beginning of year $131,727 · end of year $64,392
-
15 · Other assets
end of year $27,759
-
17 · Accounts payable and accrued expenses
beginning of year $11,400 · end of year $19,367
-
25 · Other liabilities
end of year $27,759
-
27 · Net assets without donor restrictions
beginning of year $2,533,942 · end of year $2,896,103
-
28 · Net assets with donor restrictions
beginning of year $487,360 · end of year $1,861,639
Mission and programs · 2022
Mission
THE HACK FOUNDATION, D/B/A HACK CLUB (HACK CLUB OR ORGANIZATION) IS A NOT- FOR-PROFIT ORGANIZATION FORMED IN 2016 TO HELP CREATE THE HIGHLY TECHNICAL PROBLEM-SOLVERS OF TOMORROW BY ENGAGING TEENAGE PROGRAMMERS IN A WORLDWIDE NETWORK OF PEERS. THROUGH LOCAL CLUBS, HACKATHONS AND OUR ONLINE COMMUNITY, HACK CLUBBERS LEARN TO CODE, BUILD LIFELONG FRIENDSHIPS AND COLLABORATE ON INNOVATIVE PRODUCTS AND SERVICES ADDRESSING NEEDS AT LOCAL AND INTERNATIONAL LEVELS. HACK CLUB RECEIVES SUPPORT AND REVENUE PRIMARILY FROM DONATIONS.
Activities or mission (Part I)
THE SPECIFIC PURPOSE OF THE HACK FOUNDATION IS TO INSTRUCT OR TRAIN INDIVIDUALS FOR THE PURPOSE OF IMPROVING THEIR CAPABILITIES IN CODING AND STEM.
-
HACK CLUB'S PRIMARY PROGRAMS CONSIST OF THE FOLLOWING: ENGAGEMENT OF TEEN HACK CLUBBERS - A GLOBAL NONPROFIT NETWORK OF HIGH SCHOOL CODING CLUBS WHERE MEMBERS CREATE A SUPPORTIVE COMMUNITY WHILE LEARNING TO CODE THROUGH TINKERING AND BUILDING PROJECTS. THROUGH THIS PROGRAM, THEY WORK WITH AND GUIDE STUDENT-LED CLUBS AND HACKATHONS. FISCAL SPONSORSHIPS - HACK CLUB SUPPORTS LOCAL CLUBS, EDUCATIONAL HACKATHONS AND NON-CODING GROUPS THAT WANT TO SERVE THEIR COMMUNITY AS A NONPROFIT, BUT HAVE NOT ESTABLISHED THEIR OWN TAX-EXEMPT STATUS. HACK CLUB'S FISCAL SPONSORSHIP PROGRAM IS BUILT AROUND CUSTOM IN-HOUSE SOFTWARE THAT PROVIDES A SIMPLE USER EXPERIENCE WHILE MAINTAINING THE NECESSARY FINANCIAL CONTROLS.
Expenses $2,640,235 · Revenue $88,291
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Christina AsquithCHRISTINA ASQUITH
COO AND BOAR
- Total calculated
- $186,856
- From this org
- $160,000
- From related orgs
- $0
- Other
- $26,856
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $160,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $26,856
- Filer's total
- $186,856
-
Zachary LattaZACHARY LATTA
E.D. & PRESI
- Total calculated
- $82,446
- From this org
- $82,446
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Thomas Preston-WernerTHOMAS PRESTON-WERNER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Samuel Quinn SlackSAMUEL QUINN SLACK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
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 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
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349306488
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.