Hacker Fund
Nonprofit profile at a glance
- EIN
- 472485464
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2018, Form 990-EZ 2024, Form 990-N 2020
- Location
- Venice, CA, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $86,612
- Expenses
- $70,509
- Assets
- $43,314
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JUSTIN BREZHNEV (BOARD PRESIDENT AND EXECUTIVE DIRECTOR)
People named in this filing
- JUSTIN BREZHNEV (BOARD PRESIDENT AND EXECUTIVE DIRECTOR)
- PATRICIA SPENCER (BOARD CHAIR)
- ALEX CASCANTE CPA (BOARD TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary exempt purpose of hacker fund is to create social change that benefits disadvantaged persons the broader community and the environment bt empowering technologists and technology organizations through fiscal sponsorship educational resources and capacity-building services.
What it reported doing in 2024
Hacker fund provided fiscal sponsorship capacity-building services and invention education event programming throughout the united states. Members of the program organized hackathons built prototypes to help assist communities and provided over $1.5m in volunteer services to serve 65,000+ youth per year.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 52
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.2%; rating input score 73
- Program expense ratio: 89.9%; rating input score 90
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 18.6%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 0.61; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 61.9%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: -15.9% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: -0.4% per year; rating input score 0; 37th percentile among comparable filings
Details
- Where the money goes: 73.2% of revenue deployed · 89.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $63K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- High — Sustainability: Officer compensation ratio scored 2/100.