ERUDITE TECHNOLOGY GROUP

EIN: 943251053 501(c)(3) Education

PALO ALTO, CA

Total Revenue
$2,122,870
Total Expenses
$2,156,072
Total Assets
$1,083,296
Net Assets
$934,738
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
CA
Principal Officer
MARY WILSON
Phone
6505658391
Tax Period
2023-09-01 to 2024-08-31

ERUDITE TECHNOLOGY GROUP, founded in 1996, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023.

Mission

Erudite Technology Group, Inc. dba Hope Technology Group ETG was organized to give the disadvantaged and needy access to technology. In the 21st Century, access to and an understanding of technology will be critical for everyone in our society. However, many disadvantaged and needy children and adults do not have access to technology. ETG wants to help narrow this technology gap. To accomplish this, ETG opened a private school with the mission of providing an exceptional learning experience for typical and special needs children in a full-inclusion, technology rich environment. The full inclusion program will be composed of highly qualified teachers and therapists, who together with parents create the perfect team for each childs development. The small class sizes and low student-to-teacher ratios benefit our students by providing individualized and small group instruction. We will work to identify and build on each childs strengths and help children overcome their weaknesses. Our goal and ambition is to allow each student to become a successful part of the community.

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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 $294,666
Program Service Revenue $1,858,170
Investment Income $556
Other Revenue $-30,522
TOTAL REVENUE $2,122,870

Expense Breakdown

Grants Paid $139,500
Salaries & Benefits $1,810,123
Fundraising Expenses $32,225
Program Expenses $1,896,835
Other Expenses $206,449
TOTAL EXPENSES $2,156,072

Year-over-Year Comparison

2023 2022 Change
Revenue $2,122,870 $2,163,999 0.0%
Expenses $2,156,072 $2,014,313 +0.1%
Net Income $-33,202 $149,686 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
45
Volunteers
29

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
4
$69,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gail Ewell Executive Director 10.0
Officer
$25,000 $24,000 $49,000
Mary Wilson Treasurer 10.0
Officer
$20,000 $0 $20,000
Russell Ewell President 2.0
Officer Director
$0 $0 $0
Tom Schaffernoth Director 1.0
Director
$0 $0 $0
Cecilia Coyne DIRECTOR 1.0
Director
$0 $0 $0
Victor Ward DIRECTOR(THROUGH 5/24) 0.1
Director
$0 $0 $0
Darren Holland DIRECTOR 0.1
Director
$0 $0 $0
Caroline McDonald DIRECTOR 0.1
Director
$0 $0 $0
Greg Bodzioch Secretary 1.0
Officer
$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 $2,122,870 $2,156,072 $1,083,296 $-33,202
2023 $2,163,999 $2,014,313 $1,091,088 $149,686
2022 $1,986,763 $2,000,709 $751,233 $-13,946
2021 $2,142,854 $1,809,481 $765,179 $333,373
2020 $1,948,553 $1,901,515 $699,365 $47,038
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