Hack Reduce INC FY2020 filing

EIN 45-5290831 Public charity (501(c)(3)) Arlington, MA

Form 990 (PDF)

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Size

<$100K

What they do

Develops talent and technologies for a data-driven future by promoting data processing and analysis skills.

Leadership

Frederic Lalonde · President

Money in and out

$12K revenue

Bottom line

4.9mo operating runway

Develops talent and technologies for a data-driven future by promoting data processing and analysis skills. For fiscal year 2020 it reported $12K in revenue, — in expenses, and $-168K in net assets.Pt I

Where the money goes · FY2020

Total revenue

$12K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$-168K

Pt X · Ln 32

Operating runway

4.9mo

months of highly liquid reserves at operating expense rate

Surplus margin

-39%

revenue over expenses, this year

Donor-funded

100%

of revenue is gifts & grants

Summary of the Filing

Part I · fiscal year 2020 · Form 990-EZ

Revenue

$12K

FY2020

Expenses

—

FY2020

Total assets

—

FY2020

Total liabilities

$175K

FY2020

Total revenue

$12K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$-168K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19—

Total assetsPt X · Ln 16—

Program-expense ratioPt IX · col B—

Voting members of governing bodyPt I · Ln 3pending

Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CHack Reduce INC

EINHdr · item D45-5290831

Principal addressHdr · item CArlington, MA

WebsiteHdr · item Jnone reported

Year of formationHdr · item Lpending

State of legal domicileHdr · item MMA

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFScience & Technology (U99)

Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Frederic Lalonde

President

$0Pt VII · Sec A

Christopher Lynch

Director

$0Pt VII · Sec A

Cortland Johnson

Executive Director

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Other revenue100%$12K

Total revenueLn 12$12K

Balance Sheet

Part X · end of year

CashLn 1—

Total assetsLn 16—

Total liabilitiesLn 26$175K

Total net assetsLn 32$-168K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $7K · Operating expenses/yr $17K

4.9 months

Where the money goes

Program services

not reported

Management & General

not reported

Fundraising

not reported

Cost to raise $1

not reported

Where the money comes from

Contribution dependence

Contributions & grants $12K · Total revenue $12K

100%

Government reliance

not reported

Earned-income share

Program service revenue — · Total revenue $12K

—

Investment reliance

Investment income — · Total revenue $12K

—

Program self-sufficiency

Program service revenue — · Total expenses $17K

Rests on the self-reported EZ program figure

Growth & trend

Revenue growth (YoY)

This year $12K · Prior year —

No prior year on file

Net-asset trend (YoY)

End of year $-168K · Beginning of year $-163K

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $12K · Expenses $17K

-39%

Liabilities-to-Assets

Total liabilities $175K · Total assets $7K

×26

Net-asset ratio

Net assets $-168K · Total assets $7K

-2357%

People & payroll

Highest Reported Total Compensation

Individual Frederic Lalonde · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $17K

Personnel share

Salaries & benefits $0 · Total expenses $17K

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

Grants

Schedule I · received and paid

Grants received · FY2024

Fidelity Investments Charitable Gift FundFY2024$35K

National Philanthropic TrustFY2024$10K

Morgan Stanley Global Impact Funding Trust INCFY2024$5K

Total grants receivedfrom 3 funders$50K

See all 3 funders →

Grants paid · 6 grants · $680K · 2022–2024

St Baldricks Foundation INCCA · FY2024$100,000

One Mission INCFY2024$100,000

St Baldricks Foundation INCCA · FY2023$115,000

One Mission INCFY2023$115,000

St Baldricks Foundation INCCA · FY2022$125,000

One Mission INCFY2022$125,000

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2025 (Latest)$30K revenue · ⤓ 990 PDF

FY2024$457K revenue · ⤓ 990 PDF

FY2023$306K revenue · ⤓ 990 PDF

FY2022$265K revenue · ⤓ 990 PDF

FY2021$0 revenue · ⤓ 990 PDF

FY2020$12K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2020IRS

Classification, formation year, addressIRS Business Master File

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