REALITY HACK INC

EIN: 843780556 501(c)(3) Education

BOSTON, MA

Total Revenue
$438,483
Total Expenses
$378,824
Total Assets
$144,237
Net Assets
$132,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Principal Officer
SCOTT GREENWALD
Phone
6314667782
Tax Period
2024-01-01 to 2024-12-31

REALITY HACK INC, founded in 2019, is a small nonprofit in the Education sector that reported $438K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $379K left a modest 14% surplus.

Mission

THE MISSION OF REALITY HACK INC (THE 'ORGANIZATION') IS TO PROMOTE USES OF MIXED REALITY TECHNOLOGY THAT ARE BENEFICIAL AND EQUITABLE TO SOCIETY. MIXED REALITY TECHNOLOGY ALLOWS FOR A BLENDING OF THE PHYSICAL WORLD AND DIGITALLY CREATED OBJECTS, AND A MIXED-REALITY EXPERIENCE IS ENABLED BY WEARING VIRTUAL AND AUGMENTED REALITY GOGGLES OR GLASSES, OR USING DISPLAYS. ACTUAL AND POTENTIAL USES OF MIXED REALITY TECHNOLOGY INCLUDE, FOR EXAMPLE, (A) WORKER TRAINING AND INSTRUCTION PROGRAMS IN WHICH MACHINERY CAN BE VISUALIZED IN A FACTORY AND VIRTUAL EQUIPMENT CAN BE OPERATED AND MOVED AROUND THE SPACE; (B) ELEMENTARY SCHOOL STUDENTS ACCESSING SUPPORTIVE SOCIAL AND EMOTIONAL LEARNING SO THAT THEY EXPERIENCE LIFE FROM NEW PERSPECTIVES AND COLLABORATE; AND (C) MEDICAL STUDENTS HAVING AN OPPORTUNITY TO PRACTICE SURGERIES BY ACCESSING VIRTUALIZATION OF OPERATING ROOM DATA DURING A PROCEDURE.

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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 $438,181
Program Service Revenue $0
Investment Income $2
Other Revenue $300
TOTAL REVENUE $438,483

Expense Breakdown

Grants Paid $15,074
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $315,277
Other Expenses $363,750
TOTAL EXPENSES $378,824

Year-over-Year Comparison

2024 2023 Change
Revenue $438,483 $379,735 +0.2%
Expenses $378,824 $339,904 +0.1%
Net Income $59,659 $39,831 +0.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT GREENWALD PRESIDENT N/A
Officer Director
$0 $0 $0
FERNANDO OLIVER MEDIAVILLA TREASURER N/A
Officer Director
$0 $0 $0
MARIA RICE DIRECTOR N/A
Director
$0 $0 $0
SULTAN SHARRIEF CLERK N/A
Officer 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 $438,483 $378,824 $144,237 $59,659
2023 $379,735 $339,904 $84,187 $39,831
2022 $232,109 $198,584 $44,356 $33,525
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