THE HACK FOUNDATION D/B/A HACK CLUB

EIN: 812908499 501(c)(3) Science & Technology

WEST HOLLYWOOD, CA

Total Revenue
$11,357,856
Total Expenses
$6,018,628
Total Assets
$10,313,634
Net Assets
$10,126,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
ZACHARY LATTA
Phone
8556254225
Tax Period
2023-01-01 to 2023-12-31

THE HACK FOUNDATION D/B/A HACK CLUB, founded in 2016, is a mid-sized nonprofit in the Science & Technology sector that reported $11.4M in total revenue in fiscal year 2023. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 47% operating margin.

Mission

THE HACK FOUNDATION, D/B/A HACK CLUB (HACK CLUB OR ORGANIZATION) IS A NOT- FOR-PROFIT ORGANIZATION FORMED IN 2016 TO HELP CREATE THE HIGHLY TECHNICAL PROBLEM-SOLVERS OF TOMORROW BY ENGAGING TEENAGE PROGRAMMERS IN A WORLDWIDE NETWORK OF PEERS. THROUGH LOCAL CLUBS, HACKATHONS AND OUR ONLINE COMMUNITY, HACK CLUBBERS LEARN TO CODE, BUILD LIFELONG FRIENDSHIPS AND COLLABORATE ON INNOVATIVE PRODUCTS AND SERVICES ADDRESSING NEEDS AT LOCAL AND INTERNATIONAL LEVELS. HACK CLUB RECEIVES SUPPORT AND REVENUE PRIMARILY FROM DONATIONS. HACK CLUB'S FISCAL SPONSORSHIP ACTIVITIES EXPANDED TO COVER A BROADER ARRAY OF CHARITABLE AND EDUCATIONAL ACTIVITIES IN 2023. HACK CLUB APPLIES THE SAME PRINCIPLES AND PROCEDURES IT DEVELOPED AS A SPONSOR TO CODING CLUBS TO HAVE A BROADER IMPACT ON A GREATER ARRAY OF ISSUE AREAS. HACK CLUB RETAINS ULTIMATE SUPERVISORY AUTHORITY OVER ITS PROJECTS AND REQUIRES ITS PROJECTS TO OPERATE IN A MANNER CONSISTENT WITH THE REQUIREMENTS OF 501(C)(3), WHILE EMPOWERING THEM TO USE T

Program Service Accomplishments

Program 1
Expenses: $5,181,220 Revenue: $226,387

HACK CLUB'S PRIMARY PROGRAMS CONSIST OF THE FOLLOWING: ENGAGEMENT OF TEEN HACK CLUBBERS - A GLOBAL NONPROFIT NETWORK OF HIGH SCHOOL CODING CLUBS WHERE MEMBERS CREATE A SUPPORTIVE COMMUNITY WHILE...

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HACK CLUB'S PRIMARY PROGRAMS CONSIST OF THE FOLLOWING: ENGAGEMENT OF TEEN HACK CLUBBERS - A GLOBAL NONPROFIT NETWORK OF HIGH SCHOOL CODING CLUBS WHERE MEMBERS CREATE A SUPPORTIVE COMMUNITY WHILE LEARNING TO CODE THROUGH TINKERING AND BUILDING PROJECTS. THROUGH THIS PROGRAM, THEY WORK WITH AND GUIDE STUDENT-LED CLUBS AND HACKATHONS. FISCAL SPONSORSHIPS - HACK CLUB SUPPORTS LOCAL CLUBS, EDUCATIONAL HACKATHONS AND NON-CODING GROUPS THAT WANT TO SERVE THEIR COMMUNITY AS A NONPROFIT, BUT HAVE NOT ESTABLISHED THEIR OWN TAX-EXEMPT STATUS. HACK CLUB'S FISCAL SPONSORSHIP PROGRAM IS BUILT AROUND CUSTOM IN-HOUSE SOFTWARE THAT PROVIDES A SIMPLE USER EXPERIENCE WHILE MAINTAINING THE NECESSARY FINANCIAL CONTROLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,976,912
Program Service Revenue $226,387
Investment Income $123,120
Other Revenue $31,437
TOTAL REVENUE $11,357,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,661,923
Fundraising Expenses $262,208
Program Expenses $5,181,220
Other Expenses $4,356,705
TOTAL EXPENSES $6,018,628

Year-over-Year Comparison

2023 2022 Change
Revenue $11,357,856 $4,974,838 +1.3%
Expenses $6,018,628 $3,170,440 +0.9%
Net Income $5,339,228 $1,804,398 +2.0%
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
4
Independent Members
2
Employees
30
Volunteers
2

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
2
$307,971
Total Directors
4
$307,971
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA ASQUITH COO AND BOAR 40.00
Officer Director
$160,200 $28,112 $188,312
ZACHARY LATTA E.D. & PRESI 40.00
Officer Director
$119,659 $0 $119,659
THOMAS PRESTON-WERNER SECRETARY 1.00
Director
$0 $0 $0
SAMUEL QUINN SLACK TREASURER 1.00
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
2024 No data No data No data No data
2023 $11,357,856 $6,018,628 $10,313,634 $5,339,228
2022 $4,974,838 $3,170,440 $4,804,868 $1,804,398
2021 $3,041,120 $1,711,023 $3,032,702 $1,330,097
2020 $1,600,932 $1,413,912 $1,476,563 $187,020
2019 $1,648,010 $556,873 $1,203,719 $1,091,137
2018 $285,026 $202,132 $104,567 $82,894
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