Overview
What is Hackrva Labs?
Hackrva Labs is a community-focused nonprofit organization situated in Richmond, Virginia. With a strong emphasis on affordability, they offer their members a chance to engage in a variety of workshops, events, and projects centered around arts and STEM disciplines. These events are primarily organized by the members themselves, making Hackrva Labs a collaborative space where individuals can learn, experiment, and share their passion for creative and technological pursuits. The organization's mission is to democratize access to resources and knowledge, fostering a vibrant community of lifelong learners.
Official website here: www.hackrva.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Hackrva Labs has achieved a remarkable 97% score, reflecting its strong accountability and finance practices. This high rating is derived from a single beacon focused entirely on these aspects, indicating that the organization maintains exceptional standards in governance and financial management. Notably, it has a fully independent board and demonstrates no material diversion of assets.
The organization excels in transparency, with comprehensive policies in place for conflict of interest, whistleblower protection, and document retention. Furthermore, its program expense ratio is impressive at 94.54%, indicating that a significant portion of its resources is directed towards fulfilling its mission rather than administrative costs.
Overall, Hackrva Labs stands out as a well-managed nonprofit with a commitment to accountability and effective use of funds. However, while the data highlights its strengths, no additional limitations or areas for improvement were noted in the feedback.
This AI summary has been generated from information found on Charity Navigator.
Is Hackrva Labs legitimate?
Hackrva Labs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hackrva Labs 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.
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Official website here: www.hackrva.org
What is the mission statement of Hackrva Labs?
Hackrva Labs' mission is to offer the community affordable access to a workspace, essential tools, and opportunities for learning through member-led art and STEM workshops, events, and projects. By fostering this environment, the organization aims to empower individuals, encouraging creativity and innovation in the realm of science, technology, engineering, and mathematics. The primary objective is to make such resources accessible to a broad audience, thereby promoting education and skill development within the community.
Official website here: www.hackrva.org
Who is the CEO of Hackrva Labs?
Matthew Reid is the President of Hackrva Labs.
Official website here: www.hackrva.org
What is the revenue of Hackrva Labs?
Hackrva Labs's revenue in 2022 was $63,499.
Official website here: www.hackrva.org
Who are the executives of Hackrva Labs and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.hackrva.org
Where can I find the form 990 for Hackrva Labs?
Hackrva Labs's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hackrva.org
Learn more at the official website: www.hackrva.org
Mission Statement of Hackrva Labs
Hackrva Labs, a community-focused organization, is dedicated to providing affordable access to workshops, events, and project spaces in the realms of art and STEM. Members of this group take the lead in organizing these educational opportunities, fostering a collaborative environment where individuals can learn and innovate. The primary mission of Hackrva Labs is to make these resources accessible to the community, encouraging growth and knowledge-sharing in various creative and scientific disciplines.
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Impact
August, 2024
Hackrva Labs provides the community in Richmond, VA with low-cost access to workspace, tools, and learning opportunities through member-organized art and STEM workshops, events, and projects. They play a vital role in fostering innovation, creativity, and education in the local area, particularly in the fields of science and research. This impact is significant as it empowers individuals to explore their interests, develop new skills, collaborate with others, and contribute to the growth of the community as a whole. By offering these resources and opportunities at accessible rates, Hackrva Labs helps break down barriers to entry and promotes a culture of lifelong learning and hands-on experience.
This information is meant to be a general summary of Hackrva Labs. 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.
- Program Service Revenue: $63,468
- Gross Receipts: $63,499
Assets and Liabilities:
- Total Assets: $128,338
- Total Liabilities: $0
- Net Assets: $128,338
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$63,468
Organization Details
Founding Year
2013
Phone
(804) 396-2542Principal Officer
Matthew Reid
Main Address
1600 Roseneath Road Suite E, Richmond, VA, 23230
Website
www.hackrva.orgNTEE Category
Code: U40 - Science research
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