Mv Robotics EIN 93-4376718 Form 990 (PDF) Claim this org

Mv Robotics

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Teaches K-12 students robotics through education and mentorship. For fiscal year 2024 it reported $344K in revenue, $259K in expenses, and $90K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Los Altos, CA
Filings
1 on file (2024–2024)
Revenue
$344KFY2024
Expenses
$259K
Net assets
$90K
People
3
Filings
1
Updates
0
More identity details & actions ⌄
EIN  93-4376718 Public charity (501(c)(3)) Los Altos, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Teaches K-12 students robotics through education and mentorship.
Leadership
Stephan Massalt · President
Money in and out
$344K revenue, $259K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$344K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$90K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $84K
Where spending went · Part IX cols B–D
Program services $1.00 Management & general $0.00
Program efficiency
100%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+25%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$344K
Pt VIII · Ln 12
Total expenses
$259K
Pt IX · Ln 25
Net assets
$90K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$84K
Total assetsPt X · Ln 16$90K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMv Robotics
EINHdr · item D93-4376718
Principal addressHdr · item CLos Altos, 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 BMFEducation (B99)
Ruling yearIRS BMFDec 2023

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 12aYes
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
$0Pt VII · Sec A
Vice President and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $243K of program spending, described in the organization's own filed words · FY2024.
01

Our organization provides essential logistical support for team members mentors and chaperones attending FIRST Robotics competitions. This includes coordinating transportation to and from events arranging accommodations and ensuring access to nutritious meals throughout the duration of the competition.

$162Kprogram expense
02

The organization also covers all additional expenses related to acquiring supplies necessary for constructing robots and preparing teams to engage in FIRST activities. This includes but is not limited to purchasing various materials such as electronic components mechanical parts tools and safety equipment essential for building…

$64Kprogram expense
03

Our organization provides parts and supplies essential for constructing robots used in competitive events. These resources include motors sensors controllers and structural components necessary for building sophisticated robotic systems.

$17Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$172K · 50%
Contributions & grants$168K · 49%
Other revenue$4K · 1%
Program service revenue50%$172K
Contributions & grants49%$168K
Other revenue1%$4K
Total revenueLn 12$344K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00 Management & general $0.00
Program services100%$259K
Management & general$424
Total functional expensesLn 25$259K

Balance Sheet

Part X · end of year
CashLn 1$90K
Total assetsLn 16$90K
Total liabilitiesLn 26$0
Total net assetsLn 32$90K
Months of cash on handcomputed4.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $90K · Operating expenses (Pt IX) $259K · Less non-cash grants $50K · Cash operating expenses/yr $209K
5.1 months
Where the money goes
Program services
Program services $259K · Total expenses $259K
100%
Management & General
Management & general $424 · Total expenses $259K
0.2%
Fundraising
Fundraising $0 · Total expenses $259K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $168K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $168K · Total revenue $344K
49%
Government reliance
Government grants $0 · Total revenue $344K
0%
Earned-income share
Program service revenue $172K · Total revenue $344K
50%
Investment reliance
Investment income $0 · Total revenue $344K
0%
Program self-sufficiency
Program service revenue $172K · Total expenses $259K
66%
Growth & trend
Revenue growth (YoY)
This year $344K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $90K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $344K · Expenses $259K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $90K
Net-asset ratio
Net assets $90K · Total assets $90K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $90K
0%
People & payroll
Highest Reported Total Compensation
Individual Stephan Massalt · Reported title President · Highest reported compensation $0 · Total expenses $259K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $259K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0.2%
Fundraising cost 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
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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)$344K revenue · viewing · ⤓ 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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