Ignite Robotics EIN 87-1306813

Ignite Robotics

EIN  87-1306813 Public charity (501(c)(3)) Kirkland, WA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Engages students in hands-on programs and competitions to boost STEM interest and involvement.
Leadership
Dan Li · President
Money in and out
$722K revenue, $564K expenses
Bottom line
85% program efficiency

Engages students in hands-on programs and competitions to boost STEM interest and involvement. For fiscal year 2024 it reported $722K in revenue, $564K in expenses, and $471K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$722K
Pt VIII · Ln 12
Total expenses
$564K
Pt IX · Ln 25
Net assets
$471K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $158K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
+22%
revenue over expenses, this year▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$722K
FY2024▲ +77%
Expenses
$564K
FY2024▲ +79%
Total assets
$486K
FY2024▲ +50%
Total liabilities
$16K
FY2024▲ +29%
Total revenue
$722K
Pt VIII · Ln 12
Total expenses
$564K
Pt IX · Ln 25
Net assets
$471K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$158K
Total assetsPt X · Ln 16$486K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

2 program services account for $479K of program spending, described in the organization's own filed words · FY2024.
01

Competition robotics teams

$444Kprogram expense
02

Robotics competition event hosting

$35Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIgnite Robotics
EINHdr · item D87-1306813
Principal addressHdr · item CKirkland, WA
WebsiteHdr · item Jwww.igniterobotics.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFSep 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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

Part VIII
Program service revenue$536K · 74%
Contributions & grants$186K · 26%
Program service revenue74%$536K
Contributions & grants26%$186K
Investment income$5
Total revenueLn 12$722K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$479K
Management & general15%$85K
Total functional expensesLn 25$564K

Balance Sheet

Part X · end of year
CashLn 1$348K
Total assetsLn 16$486K
Total liabilitiesLn 26$16K
Total net assetsLn 32$471K
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $348K · Operating expenses/yr $564K
7.4 months
Where the money goes
Program services
Program services $479K · Total expenses $564K
85%
Management & General
Management & general $85K · Total expenses $564K
15%
Fundraising
Fundraising $0 · Total expenses $564K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $87K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $186K · Total revenue $722K
26%
Government reliance
Government grants — · Total revenue $722K
Earned-income share
Program service revenue $536K · Total revenue $722K
74%
Investment reliance
Investment income $5 · Total revenue $722K
0%
Program self-sufficiency
Program service revenue $536K · Total expenses $564K
95%
Growth & trend
Revenue growth (YoY)
This year $722K · Prior year $408K
+77%
Net-asset trend (YoY)
End of year $471K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $722K · Expenses $564K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $486K
Net-asset ratio
Net assets $471K · Total assets $486K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $486K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dan Li · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $564K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $564K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth 77%
Legal fee ratio 1%
Accounting fee ratio 0%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$132K

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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
FY2024 (Latest)$722K revenue · viewing · ⤓ 990 PDF
FY2023$408K revenue · ⤓ 990 PDF
FY2022$310K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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