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Nonprofiteer
← REALITY HACK INC

Form 990 for tax year 2022

Filed by REALITY HACK INC.

Totals

Total revenue
$232,109
Total expenses
$198,584
Contributions and grants received
$232,109
Grants paid
$12,915
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$44,356
Total liabilities, end of year
$11,025
Net assets or fund balances, end of year
$33,331
Program services expenses (Part IX)
$169,017
Management and general expenses
$29,567
Fundraising expenses
$0
Program service expenses (Part III)
$169,017

Program services were 85.1% 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

    $232,109

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $12,915 · program services $12,915

  • 11b · Fees: legal

    total $1,375 · management and general $1,375

  • 12 · Advertising and promotion

    total $1,304 · management and general $1,304

  • 13 · Office expenses

    total $2,722 · management and general $2,722

  • 16 · Occupancy

    total $41,653 · program services $41,653

  • 17 · Travel

    total $21,170 · management and general $21,170

  • 24a · Other expenses: CATERING

    total $39,205 · program services $39,205

  • 24b · Other expenses: STAFF

    total $27,519 · program services $27,519

  • 24c · Other expenses: EVENT SUPPLIES

    total $25,929 · program services $25,929

  • 24d · Other expenses: PRODUCTION EXPENSE

    total $10,415 · program services $10,415

  • 24e · All other expenses

    total $14,377 · program services $11,381 · management and general $2,996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $44,356

  • 22 · Loans and payables to officers and key people

    end of year $11,025

  • 25 · Other liabilities

    beginning of year $194 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$194 · end of year $33,331

Mission and programs · 2022

Mission

THE MISSION OF REALITY HACK INC (THE ORGANIZATION') IS TO PROMOTE USES OF MIXED REALITY TECHNOLOGY THAT ARE BENEFICIAL AND EQUITABLE TO SOCIETY. MIXED REALITY TECHNOLOGY ALLOWS FOR A BLENDING OF THE PHYSICAL WORLD AND DIGITALLY CREATED OBJECTS, AND A MIXED-REALITY EXPERIENCE IS ENABLED BY WEARING VIRTUAL AND AUGMENTED REALITY GOGGLES OR GLASSES, OR USING DISPLAYS. ACTUAL AND POTENTIAL USES OF MIXED REALITY TECHNOLOGY INCLUDE, FOR EXAMPLE, (A) WORKER TRAINING AND INSTRUCTION PROGRAMS IN WHICH MACHINERY CAN BE VISUALIZED IN A FACTORY AND VIRTUAL EQUIPMENT CAN BE OPERATED AND MOVED AROUND THE SPACE; (B) ELEMENTARY SCHOOL STUDENTS ACCESSING SUPPORTIVE SOCIAL AND EMOTIONAL LEARNING SO THAT THEY EXPERIENCE LIFE FROM NEW PERSPECTIVES AND COLLABORATE; AND (C) MEDICAL STUDENTS HAVING AN OPPORTUNITY TO PRACTICE SURGERIES BY ACCESSING VIRTUALIZATION OF OPERATING ROOM DATA DURING A PROCEDURE.

  • THE ORGANIZATION'S EVENT FORMAT IS EVER-EVOLVING, BUT CURRENTLY HAS THE FOLLOWING STRUCTURE: THE EVENT LASTS FOR FIVE DAYS, WITH ONE DAY OF INTENSIVE LEARNING, THREE DAYS OF PROTOTYPE CREATION WITH A COMPETITIVE COMPONENT,AND ONE DAY FOR AN EXPO. PARTICIPANTS WILL NOT BE CHARGED TO ATTEND.

    Expenses $169,017 · Grants $12,915

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Luka Srsic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Maria Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Austin Edelmam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Tim Hyland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Scott Greenwald

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
1 December 2023
IRS schema version
2022v5.0
Source object
202303359349300210

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