Overview
What is The Hack Foundation?
The Hack Foundation, operating as Hack Club, is a nonprofit organization established in 2016 with a mission to foster the development of skilled coders and STEM enthusiasts. Based in West Hollywood, California, they focus on engaging high school students through a global network of coding clubs, known as Hack Clubbers. This network encourages a supportive community, where members can learn coding through hands-on projects and collaborative activities. Hack Club also extends its support to local clubs, educational hackathons, and non-coding groups by offering fiscal sponsorships. Their custom software ensures a user-friendly experience while maintaining financial controls. The organization primarily relies on donations for its support and revenue.
Official website here: www.hackclub.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Hack Foundation, operating as Hack Club, has received a Three-Star rating from Charity Navigator, with an overall score of 85%. This score is derived entirely from its Accountability & Finance measures, which demonstrate a solid financial standing and operational transparency. The organization has shown excellence in various areas, including a perfect score in audit oversight, absence of asset diversion, and effective financial policies, indicating strong governance and responsible financial management.
The financial health of Hack Club is further evidenced by its impressive program expense ratio of 83.67%, suggesting that a significant portion of its funding is directed toward programmatic activities rather than administrative costs. Additionally, the low fundraising efficiency ratio of $0.04 reflects the organization's ability to maintain cost-effective fundraising efforts, maximizing the resources available for their mission.
While the organization showcases strong accountability and a solid financial track record, ongoing evaluation of program outcomes and impact would provide a fuller picture of its effectiveness in achieving its goals. Overall, Hack Club appears to be a well-managed nonprofit with a strong commitment to transparency and responsible financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Hack Foundation legitimate?
The Hack Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Hack 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: $269,302
Professional Fundraising Fees: $0
Other Salaries and Wages: $621,825
For more financial information, click here
Official website here: www.hackclub.com
What is the mission statement of The Hack Foundation?
The Hack Foundation, operating under the name Hack Club, is a not-for-profit organization established in 2016. Its primary purpose is to educate and train individuals, particularly teenagers, in the field of coding and STEM. The mission of Hack Club is to foster the development of the next generation of highly skilled problem-solvers. This is achieved through the establishment of local clubs, participation in hackathons, and engagement within an online community. As a result, teenage programmers not only enhance their coding skills but also form lasting friendships and collaborate on innovative projects addressing global challenges. Hack Club's primary source of support and revenue comes from donations.
Official website here: www.hackclub.com
Who is the CEO of The Hack Foundation?
Zachary Latta is the Coo And Boar of The Hack Foundation.
Official website here: www.hackclub.com
What is the revenue of The Hack Foundation?
The Hack Foundation's revenue in 2022 was $4,974,838.
Official website here: www.hackclub.com
Who are the executives of The Hack Foundation and what are their salaries?
The average compensation at The Hack Foundation during 2022 was $15,913. There are 56 employees and 2 volunteers at The Hack Foundation.
Here are 4 key members and their salaries:
- Compensation: $160,000
- Related: $0
- Other: $26,856
- Compensation: $82,446
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hackclub.com
Where can I find the form 990 for The Hack Foundation?
The Hack Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hackclub.com
Learn more at the official website: www.hackclub.com
Mission Statement of The Hack Foundation
The Hack Foundation, known as Hack Club, is a not-for-profit organization established in 2016 with a mission to cultivate the highly skilled problem-solvers of the future. This is achieved by engaging teenage programmers globally, fostering a network of peers through local clubs, hackathons, and an online community. Hack Clubbers, as members are called, benefit from this platform by improving their coding skills, building lasting friendships, and collaborating on innovative solutions addressing local and international needs. The organization's primary source of support and revenue is through donations.
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Impact
July, 2024
The Hack Foundation D/B/A Hack Club's impact is focused on instructing individuals to improve their coding and STEM capabilities. Through its programs, such as the engagement of teen Hack Clubbers, the organization creates a supportive community where members learn to code through hands-on projects. By working with student-led clubs and hackathons, The Hack Foundation D/B/A Hack Club empowers young programmers to become highly technical problem-solvers. Additionally, the organization supports local clubs, educational hackathons, and non-coding groups through fiscal sponsorships, enabling them to serve their communities effectively. Through these initiatives, The Hack Foundation D/B/A Hack Club is nurturing a new generation of innovative thinkers and creators who have the skills and support to address local and international challenges.
This information is meant to be a general summary of The Hack 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: $631
- Program Service Revenue: $88,291
- Gross Receipts: $4,974,838
Assets and Liabilities:
- Total Assets: $4,804,868
- Total Liabilities: $47,126
- Net Assets: $4,757,742
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FISCALLY-SPONSORED GROUP FEES
Revenue
$88,291
Organization Details
Founding Year
2016
Phone
(855) 625-4225Principal Officer
Zachary Latta
Main Address
8605 SANTA MONICA BLVD SUITE 86294, WEST HOLLYWOOD, CA, 90069
Website
www.hackclub.comNTEE Category
Code: U41 - Science research
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