Institute for Applied Tinkering

EIN: 264299346 501(c)(3) Youth Development

San Francisco, CA

Total Revenue
$15,465,010
Total Expenses
$5,597,329
Total Assets
$17,529,798
Net Assets
$9,502,057
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
Michlene Cotter
Phone
4157018700
Tax Period
2024-09-01 to 2025-08-31

Institute for Applied Tinkering, founded in 2009, is a mid-sized nonprofit in the Youth Development sector that reported $15.5M in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.9M, a strong 64% operating margin.

Mission

Institute for Applied Tinkering IAT develops, practices and shares educational methods that challenge and support all children to engage deeply in their learning via real interests and real tools.

Program Service Accomplishments

Program 1
Expenses: $4,404,649 Revenue: $4,152,207

Brightworks is an innovative school that reimagines education. By taking the best practices from both early childhood education and hands-on, project-based experiential learning, we strive to meet...

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Brightworks is an innovative school that reimagines education. By taking the best practices from both early childhood education and hands-on, project-based experiential learning, we strive to meet students' needs in a flexible, mixed-age environment that breaks the traditional walls between school and the community outside the classroom. We offer a broad-spectrum learning environment designed to encourage creative capacity, tenacity, citizenship, imaginative capabilities and empathy.

Program 2
Expenses: $456,549

Tinkering School acts as after school, break, and summer programming to encourage creative capacity, tenacity, and citizenship in youth. Tinkering School is a place where children are given abstract...

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Tinkering School acts as after school, break, and summer programming to encourage creative capacity, tenacity, and citizenship in youth. Tinkering School is a place where children are given abstract, open-ended building projects and problems. Trained to use the tools required for success, they have the freedom to fail and the time to persevere. Trusted with real tools and real supplies, kids are put in an environment where constraints breed creativity and foster problem-solving that will expand into every area of their lives. Kids learn to trust themselves and their curiosity. They develop new skills and vocabulary, their creativity and their ability to persist.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,277,113
Program Service Revenue $4,152,207
Investment Income $35,575
Other Revenue $115
TOTAL REVENUE $15,465,010

Expense Breakdown

Grants Paid $1,148,578
Salaries & Benefits $2,746,811
Fundraising Expenses $71,698
Program Expenses $4,861,198
Other Expenses $1,701,940
TOTAL EXPENSES $5,597,329

Year-over-Year Comparison

2024 2023 Change
Revenue $15,465,010 $6,336,633 +1.4%
Expenses $5,597,329 $6,582,673 -0.1%
Net Income $9,867,681 $-246,040 -41.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
60
Volunteers
15

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$374,729
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gever Tulley Founder 40.00
$104,363 $42,931 $147,294
Anthony Consilio Asst.HeadofSchool 40.00
$118,507 $17,910 $136,417
Adrian Skaj Fin Manager Controller 32.00
Officer
$97,653 $38,498 $136,151
Michlene Cotter Asst.HeadofSchool 40.00
$115,252 $18,826 $134,078
Mackenzie Price Head of School 40.00
$104,921 $15,368 $120,289
Qi Diaz Executive Dir. 40.00
Officer
$78,155 $7,773 $85,928
Sean Hamer Head of School Executive Dir. 40.00
Officer
$73,642 $10,798 $84,440
Maria Favata Business Mgr Controller 32.00
Officer
$60,687 $7,523 $68,210
Laura Skelton Director Chairman 3.00
Officer Director
$0 $0 $0
Drew Harry Director Treasurer 3.00
Officer Director
$0 $0 $0
Elijah Selby Director Secretary 3.00
Officer Director
$0 $0 $0
Monique Brinson Director 3.00
Director
$0 $0 $0
Debolina Dutta Director 3.00
Director
$0 $0 $0
Elizabeth Rubenstein Director 3.00
Director
$0 $0 $0
Russ Simmons Director 3.00
Director
$0 $0 $0
Abby Sommerfeld Director 3.00
Director
$0 $0 $0
CaTameron Bobino Director 3.00
Director
$0 $0 $0
Eric Shupert-Nadig Director 3.00
Director
$0 $0 $0
Heather Hund Director 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $15,465,010 $5,597,329 $17,529,798 $9,867,681
2024 $6,336,633 $6,582,673 $8,901,224 $-246,040
2023 $5,538,531 $6,077,304 $10,387,754 $-538,773
2022 $5,874,709 $4,416,230 $3,620,891 $1,458,479
2021 $3,939,681 $3,911,534 $2,134,364 $28,147
2021 $3,838,130 $3,882,283 $2,128,364 $-44,153
2020 $3,511,644 $3,623,364 $1,270,069 $-111,720
2019 $3,630,111 $4,431,575 $546,059 $-801,464
2018 $3,161,095 $3,757,180 $1,361,672 $-596,085
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