THE HACKTORY The Hacktory
Nonprofit profile at a glance
- EIN
- 455274036
- IRS 990-EZ coverage
- 2014–2014
- Forms available
- Form 990-EZ 2014
- Location
- Philadelphia, PA, USA
- Phone
- 2156507295
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Vocational Rehabilitation
Reported finances
- Revenue
- $111,268
- Expenses
- $106,088
- Assets
- $6,604
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Georgia Guthrie (Executive Director)
- Ashley John Pigford (Board Vice President)
People named in this filing
- Georgia Guthrie (Executive Director)
- Ashley John Pigford (Board Vice President)
- Katherine Bennett (Board Secretary)
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 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The goals of The Hacktory are to: 1) Inspire people to rethink what's possible with technology 2) Provide formal and informal opportunities for spontaneous learning and discovery related to technology, science and art 3) Revive the definition of "hacking" as problem-solving, and encourage the general public to hack many areas of their lives 4) Foster a creative community and space where sharing knowledge, skills, and the process of learning by failing among people of many backgrounds is encouraged 5) Support educators in their efforts to implement and foster hands-on learning activities, project based learning and the space to engage in these activities within their institutions 6) Support artists to expand and transform their creative practice by incorporating technology.
What it reported doing in 2014
2014-2015 was a year many programs and projects saw completion of The Hacktory. The organization doubled it's revenue from the prior year, executed a highly successful 6-month residency program, had more attendance than ever, and expanded it's youth programs to include a satellite location and an additional program for older students. At the end of this fiscal year the organization was in the best shape it had ever been in, and was well-situated to take big steps in the near future.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 100
- Sustainability: 38
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.4%; rating input score 74
- Program expense ratio: 78%; rating input score 78
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 4.7%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 23.6%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 74.4% of revenue deployed · 78% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $83K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.