Overview
What is Scratch Foundation?
The Scratch Foundation, a Boston-based nonprofit organization, is dedicated to fostering creativity and learning in young people through the development and support of the Scratch programming language and online community. With a mission to equip children with digital tools for imagination, creation, sharing, and education, Scratch Foundation has amassed an impressive 50.7 million users worldwide, resulting in over 120 million projects. The Foundation, originally initiated at the Massachusetts Institute of Technology Media Lab, moved to independent status in 2019. With a modest team of 93 employees, the Scratch Foundation continues to empower children to develop essential skills, such as creative thinking, systematic reasoning, and collaboration, through the creation and sharing of stories, games, and animations using the Scratch platform.
Official website here: www.scratchfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Scratch Foundation has demonstrated a strong commitment to accountability and finance, earning a notable 96% rating with a Four-Star distinction from Charity Navigator. The organization boasts an impressive Accountability & Finance score of 90%, highlighting its solid governance practices and financial integrity. The board is predominantly independent, which enhances transparency and oversight, while a lack of material diversion of assets further underscores its financial responsibility.
The foundation excels in its leadership and adaptability, achieving a perfect score of 100 in this category. This reflects its strategic focus on ensuring fiscal sustainability, enhancing its digital platform, and creating pathways for creative learning. Its investment in leadership development is robust, indicating a proactive approach to internal growth and capacity building.
Despite its strengths, the organization faces challenges related to its working capital ratio, which stands at 0.43 years, signaling potential liquidity concerns. However, with a program expense ratio of 69.41% and an efficient fundraising ratio, Scratch Foundation appears well-positioned to utilize its resources effectively to further its mission. Overall, the foundation's strong governance and adaptability make it a commendable organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Scratch Foundation legitimate?
Scratch Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scratch Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,163,712
Professional Fundraising Fees: $67,147
Other Salaries and Wages: $6,887,910
For more financial information, click here
Official website here: www.scratchfoundation.org
What is the mission statement of Scratch Foundation?
The Scratch Foundation is a non-profit organization dedicated to helping young people by providing them with digital tools and opportunities for imaginative expression. Through the use of the Scratch programming language and online community, children can create, share, and learn. As they build stories, games, and animations, they develop valuable skills such as creative thinking, logical reasoning, and collaboration. Originally developed at the MIT Media Lab, the Scratch Foundation took over its support in 2019. Its mission continues to empower young minds and equip them with essential skills for the modern world.
Official website here: www.scratchfoundation.org
Who is the CEO of Scratch Foundation?
Margaret Honey is the President/Chair of Scratch Foundation.
Official website here: www.scratchfoundation.org
What is the revenue of Scratch Foundation?
Scratch Foundation's revenue in 2022 was $15,041,052.
Official website here: www.scratchfoundation.org
Who are the executives of Scratch Foundation and what are their salaries?
The average compensation at Scratch Foundation during 2022 was $86,577. There are 93 employees and 5 volunteers at Scratch Foundation.
Here are 17 key members and their salaries:
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- Compensation: $193,444
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- Other: $32,580
- Compensation: $178,381
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- Other: $31,284
Official website here: www.scratchfoundation.org
Where can I find the form 990 for Scratch Foundation?
Scratch Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scratchfoundation.org
Learn more at the official website: www.scratchfoundation.org
Mission Statement of Scratch Foundation
The Scratch Foundation, a non-profit organization, is dedicated to nurturing creativity and learning in young people by providing them with innovative digital tools. Through its development and support of the Scratch programming language and online community, the Foundation empowers children to imagine, create, and share their ideas with the world. The Scratch programming language offers a unique platform where kids can build stories, designing games, and creating animations, allowing them to hone essential skills such as creative thinking, logical reasoning, and collaboration.
The Scratch Foundation's mission extends beyond just the provision of digital tools. It also offers young users an engaging and collaborative environment where they can connect, learn, and grow together. As they create and share their projects, children gain valuable experience in expressing their ideas, working together, and solving complex problems. Furthermore, the Foundation's origins trace back to the Massachusetts Institute of Technology Media Lab, and it has been serving as an independent organization since 2019. With a strong commitment to fostering imagination, creativity, and learning, the Scratch Foundation continues to make a positive impact on the lives of young people.
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Impact
October, 2024
The Scratch Foundation has significantly impacted how young people engage with technology and creativity. By providing a platform where children and teens can create and share their own interactive stories, games, and animations, it fosters important skills such as creative thinking, systematic reasoning, and collaboration. With over 50.7 million users from around the globe creating more than 120 million projects in 2022, Scratch has become the world's largest online coding community for youth.
This extensive reach allows children from diverse backgrounds and regions to access digital tools that encourage self-expression and innovation. The foundation not only supports the development of the Scratch programming language but also nurtures a vibrant online community where users can learn from each other, share ideas, and collaborate on projects.
By engaging with Scratch, young individuals are better prepared for the demands of the digital age, gaining essential competencies that will serve them well in their educational and professional paths. Through this initiative, the foundation plays a crucial role in shaping the next generation of creators, thinkers, and leaders.
This information is meant to be a general summary of Scratch Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $95,037
- Program Service Revenue: $15,000
- Gross Receipts: $15,164,917
Assets and Liabilities:
- Total Assets: $13,703,238
- Total Liabilities: $1,669,657
- Net Assets: $12,033,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developing Content and Materials
Revenue
$15,000
Organization Details
Founding Year
2013
Phone
(857) 233-5422Principal Officer
Margaret Honey
Main Address
201 South Street 1-102, Boston, MA, 02111
Website
www.scratchfoundation.orgNTEE Category
Code: U41 - Science research
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