Robotics Engineering and Drones Academy Red EIN 83-3600134 Form 990 (PDF) Claim this org

Robotics Engineering and Drones Academy Red FY2020 filing

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Teaches underprivileged students STEM, drones, and general education. For fiscal year 2020 it reported $141K in revenue, $173K in expenses, and $418 in net assets.Pt I

Type
Public charity (501(c)(3)) · Science & Technology
Location
San Bernardino, CA
Filings
3 on file (2020–2020)
Revenue
$141KFY2020
Expenses
$173K
Net assets
$418
People
3
Filings
3
Updates
0
More identity details & actions ⌄
EIN  83-3600134 Public charity (501(c)(3)) San Bernardino, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →
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Size
$100K–1M
What they do
Teaches underprivileged students STEM, drones, and general education.
Leadership
Lakeisha Barre · President
Money in and out
$141K revenue, $173K expenses
Bottom line
80% program efficiency
Where the money goes · FY2020
Total revenue
$141K
Pt VIII · Ln 12
Total expenses
$173K
Pt IX · Ln 25
Net assets
$418
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$31K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$141K
FY2020
Expenses
$173K
FY2020
Total assets
$418
FY2020
Total liabilities
$0
FY2020
Total revenue
$141K
Pt VIII · Ln 12
Total expenses
$173K
Pt IX · Ln 25
Net assets
$418
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$31K
Total assetsPt X · Ln 16$418
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $4K of program spending, described in the organization's own filed words · FY2020.
01

Supplies for youth

$4Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRobotics Engineering and Drones Academy Red
EINHdr · item D83-3600134
Principal addressHdr · item CSan Bernardino, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U40)
Ruling yearIRS BMFJan 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$130K · 92%
Program service revenue$11K · 8%
Contributions & grants92%$130K
Program service revenue8%$11K
Total revenueLn 12$141K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$138K
Management & general20%$35K
Total functional expensesLn 25$173K

Balance Sheet

Part X · end of year
CashLn 1$418
Total assetsLn 16$418
Total liabilitiesLn 26$0
Total net assetsLn 32$418
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $418 · Operating expenses/yr $173K
0.0 months
Where the money goes
Program services
Program services $138K · Total expenses $173K
80%
Management & General
Management & general $35K · Total expenses $173K
20%
Fundraising
Fundraising $0 · Total expenses $173K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $130K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $130K · Total revenue $141K
92%
Government reliance
Government grants — · Total revenue $141K
Earned-income share
Program service revenue $11K · Total revenue $141K
8%
Investment reliance
Investment income $0 · Total revenue $141K
0%
Program self-sufficiency
Program service revenue $11K · Total expenses $173K
6%
Growth & trend
Revenue growth (YoY)
This year $141K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $418 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $141K · Expenses $173K
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $418
Net-asset ratio
Net assets $418 · Total assets $418
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $418
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lakeisha Barre · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $173K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $130K · Total expenses $173K
75%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Accounting fee ratio 2%

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.

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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
FY2022 (Latest)$221K revenue · ⤓ 990 PDF
FY2021$60K revenue · ⤓ 990 PDF
FY2020$141K 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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