Techpoint Foundation Inc
Nonprofit profile at a glance
- EIN
- 352155455
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3175010589
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $1,301,205
- Expenses
- $1,499,729
- Assets
- $2,059,371
- Liabilities
- $66,237
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- GEORGE GILTNER (PRESIDENT & CEO)
- JAMIE INSKEEP (VICE PRESIDENT)
Highest reported compensation
- GEORGE GILTNER (PRESIDENT & CEO): $108,772 total reported compensation
- JAMIE INSKEEP (VICE PRESIDENT): $95,804 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A venture philanthropy organization incubating science, technology, engineering, and mathematics programs for high student impact and scalable for underserved populations.
What it reported doing in 2024
State robotics initiative - a statewide effort to start new vex robotics teams in Indiana schools as well as bring robotics and stem experiences into the school day. Awarded schools received essential supplies and equipment and professional development to start a team for students in 1st - 12th grade. During the 2024-2025 school year, 83 teams received grants and teams were formed and 180 classrooms added stem programming to their day as a result of this effort. 2,033 robotics teams ranging from elementary to high school were support and 20,333 students were exposed to robotics programming outside of the classroom and 31,405 inside the classroom as a result of this effort. 568 teachers served as coaches and over 200 volunteers assisted with robotics tournaments across the state. This initiative culminates with tpf4y hosting the largest vex robotics state championship in the country and supports teams who qualify for the world championship.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 72
- Accountability: 100
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.2%; rating input score 91
- Program expense ratio: 75.8%; rating input score 76
- Fundraising efficiency: $37.8 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 26th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 27%; rating input score 27; 27th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -15.3%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 1.37; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 13.6%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 6.9% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 10.3% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 91.2% of revenue deployed · 75.8% of spending went to programs
- Governance: 24 of 24 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $1.1M in reported program spending
- Leadership: top reported pay $109K · 26 people listed
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Transparency & Controls: Grant itemization coverage scored 27/100.
- High — Sustainability: Operating margin scored 12/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.