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The Tech Museum of Innovation Organization Name provided in the GuideStar Exchange* as of 08/07/2014: The Tech Museum of Innovation

Organization Name as listed in the IRS Business Master File as of 07/14/2014: THE TECH MUSEUM OF INNOVATION

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AKA  The Tech
San Jose, CA
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GuideStar Summary

&1002; GuideStar Exchange Committed to transparency ?
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&1002; Registered with IRS Legitimacy information is available
&1002; Financial Data Annual Revenue and Expense data reported
&1002; Forms 990 2012, 2011, and 2010 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit and Charting Impact Report are available
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Basic Organization Information

The Tech Museum of Innovation Organization Name provided in the GuideStar Exchange* as of 08/07/2014: The Tech Museum of Innovation

Organization Name as listed in the IRS Business Master File as of 07/14/2014: THE TECH MUSEUM OF INNOVATION

* The GuideStar Exchange allows nonprofits to regularly update key information directly to GuideStar. It provides richer and broader information about their programs, impact, finances, people and more.
Also Known As: The Tech
Physical Address: San Jose, CA 95113 2008
EIN: 94-2864660
Web URL: www.thetech.org 
Blog URL: www.thetech.org/about-us/tech-blog 
NTEE Category: A Arts, Culture, and Humanities
A57 Science & Technology Museum
B Educational Institutions
B90 Educational Services and Schools - Other
N Recreation, Sports, Leisure, Athletics
N52 County / Street / Civic / Multi-Arts Fairs and Festivals
Ruling Year: 1983 
How This Organization Is Funded: Ann Bowers - $3,000,000
Dan and Charmaine Warmenhoven - $700,000
Applied Materials - $550,000


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Mission Statement

Mission Our mission is to inspire the innovator in everyone. Vision Our vision is to become a resource for innovation. Core Values The Staff and Volunteers of The Tech, in an effort to make a positive difference in the world, are committed to: Creating playful and profound experiences We commit to creating experiences that invite people to learn through play, evoke emotions of wonder and joy, contain solid and accessible science, show how technology can improve lives, provoke thought and inspire action, and represent our local Silicon Valley community. Continually learning We commit to acting on the belief that all people have the capacity to learn and grow through the awakening of their curiosity in an environment that rewards that curiosity. This ideal environment promotes learning from failures and others’ experience, creating a culture of feedback and the opportunity for learning from every experience. This commitment is supported with the time and resources to provide the reflection and mindfulness necessary for growth and development. Acting with integrity We commit to keeping our word. To do this, we will make promises based on well-informed and mindful decisions, honoring those promises and offering transparency in all that we do. We hold ourselves to high ethical standards to always do the right thing. Being team players We commit to collaborating with others, coming from a place of respect and generosity of spirit, honoring different opinions and perspectives, trusting that others will do the same. This culture of teamwork empowers all to speak the truth, stay in the conversation, and when necessary, question the status quo. This level of collaboration requires support for one another, a willingness to do whatever it takes, and hearty celebration of successes. Embracing diversity We commit to actively cultivating a welcoming and inclusive environment that reflects the diverse community that is Silicon Valley. This drives the scope of our outreach, and the tone and content of our communication to all constituents, including board, staff, volunteers, visitors, and vendors. It feeds the process of creating, marketing and delivering our programs. Valuing and encouraging diverse ideas from many sources results not only in a more well-rounded product, but more importantly, in a shared experience by all constituents of feeling valued and respected. Being innovative We commit to being innovative. Innovation is the practical expression of imagination. It turns ideas into reality. The Tech Museum provides the environment that supports this expression, seeing opportunities for innovation in our daily lives as well as around the world. When opportunities or challenges arise, we believe solutions exist, take risks to find answers, think “outside the box,” are willing to fail, persevere to the end, remain optimistic, and maintain our sense of wonder. Valuing the local community We commit to being involved with what’s going on outside our own front door – giving back to our community as well as inviting them into our home. We welcome by reaching out to collaborate with other Bay Area institutions, we stay involved by being aware of what’s happening around us, and by engaging in dialogue with others. This community is our home which we treat with integrity and respect. Achieving excellence We commit to creating and adhering to high standards of excellence, and we welcome being held accountable for the outcome and quality of our work. To ensure we consistently meet these standards, we support systems of feedback and response from our visitors, staff and volunteers. The outcome of this commitment will endear us to our visitors, embolden our staff to reach higher, and help us fulfill our mission in ways that exceed expectations.

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

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Annual Revenue & Expenses

(GuideStar Exchange,
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August 2014)

Fiscal Year Starting: July 1, 2012
Fiscal Year Ending: June 30, 2013

Total Revenue $19,381,317
Total Expenses $17,266,419

Revenue & Expenses

(GuideStar Exchange,
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Fiscal Year Starting: July 1, 2012
Fiscal Year Ending: June 30, 2013

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
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Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership

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Mr. Tim Ritchie

Board Chair (GuideStar Exchange,
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Board Co-Chair

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Board Leadership Practices (GuideStar Exchange,
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GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

Board Orientation & Education ?
Why does this matter? Without clarity around their responsibilities and expectations, board members are not positioned to succeed. They may find themselves challenged to fulfill their governance responsibilities or frustrated by the expectations that the organization has set for them. BoardSource recommends that every new board member participate in a formal orientation process, and that all board members sign a pledge or agreement committing to their board service and to all of the responsibilities and expectations that come with service. Ideally, board members also should participate in a formal governance training program prior to serving on a board.

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?
Response Not Provided
CEO Oversight ?
Why does this matter? Oversight and management of the chief executive is one of the board’s most important legal responsibilities. The CEO or executive director is the board's single employee, and - just like any other employer/employee relationship - regular and written assessment is critical to ensuring that the chief executive and board are communicating openly about goals and performance. BoardSource recommends that boards conduct formal, written reviews of their chief executives on an annual basis, which should include an in-person discussion with the chief executive and distribution of the written evaluation to the full board.

Has the board conducted a formal, written assessment of the chief executive within the past year?
Response Not Provided
Ethics & Transparency ?
Why does this matter? A commitment to handling conflicts of interests is essential to creating an organizational culture of transparency. Boards should create and follow a policy for identifying and handling conflicts of interest, whether real or perceived. BoardSource recommends that organizations review the conflict-of-interest statement and require signed disclosures from all board members and senior staff on an annual basis.

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements within the past year?
Response Not Provided
Board Composition ?
Why does this matter? The best boards are composed of individuals who bring a variety of skills, perspectives, backgrounds, and resources to tackle the complex and strategic challenges confronting their organizations. BoardSource recommends that boards commit to diversity and inclusion by establishing written policies and practices, which include strategic and intentional recruitment of diverse board members, continual commitment to inclusivity, and equal access to board leadership opportunities.

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?
Response Not Provided
Board Performance ?
Why does this matter? Boards need to regularly assess their own performance. Doing so ensures that they are being intentional about how they govern their organization, which is a critical component of effective board leadership. BoardSource recommends that a board conduct a self-assessment of its performance a minimum of once every three years to ensure that it is staying on track with its roles and responsibilities.

Has the board conducted a formal, written self-assessment of its performance within the past three years?
Response Not Provided

Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in August 2014

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Programs

Program: The Tech (GuideStar Exchange,
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August 2014)

Budget:
$17,000,000
Category:
Science & Technology, General/Other
Population Served:
General Public/Unspecified
None
None

Program Description:

The frontiers of human imagination and knowledge converge at The Tech Museum of Innovation, where visitors explore modern technology through interactive exhibits that captivate while they inform. With the mission of inspiring the innovator in everyone, this hands-on science center engages visitors to learn about the technologies affecting their lives. More than 400,000 guests visit each year—140,000 as part of a school field trip. An expansive variety of exhibitions covering 132,000 square feet showcase not just how technology works, but how it influences our identities and how we live, work, play, and learn. The Tech also features the Hackworth IMAX Dome Theater, Northern California's only domed IMAX screen. Signature programs include The Tech Challenge, an annual student engineering design competition founded in 1988, and The Tech Awards, honoring people around the world who use technology to benefit humanity.

Program Long-Term Success:

The Tech welcomes more than 400,000 visitors each year, arriving from California’s Bay Area and around the world. In 2012 The Tech launched a five-year institutional transformation that will redefine the museum as a Silicon Valley resource for innovation. The Tech aims to become a community resource that fosters innovation with deep experiences that are open-ended, social, and collaborative.

Program Short-Term Success:

As part of The Tech’s institutional transformations, nine new interactive “design challenge” exhibits will debut in the coming years. The first is already open: Social Robots, funded by the Tech 3.0 campaign, is now being enjoyed daily by hundreds of visitors. It is a hands-on design challenge in which visitors take a robot base and add components to make the robot perform various functions. Debuting in fall 2014 is Body Metrics, which will use technology to create a “digital reflection” of visitors to enable them to assess their lifestyles’ influence on health in new ways. Body Metrics will educate guests about the vast data available for interpretation, specifically related to the human body. Other upcoming design challenge exhibitions include one dedicated to cyber security that will open in early 2015, followed by one about living sustainably on Earth and in space.

Program Success Monitored by:

Board of Directors

Program Success Examples:

More than five million visitors since opening its new facility in 1998. Annually welcoming more than 140,000 children who visit on field trips, of which more than half are from Title 1 schools. Growth of The Tech Challenge program. This signature competition has seen an increase in participation every year since it began in the 1980s. The challenge has also grown in depth, with in-house trainings for team participants and advisors, test trials, and online assistance. The Tech Challenge is now a months-long program that provides extensive scientific training to participants and includes significant participation from girls and low-income students. Growth of The Tech Awards. This signature program to honor people who use technology to benefit humanity has seen an increase in applications by 20 percent. The museum has implemented interactive programs for young people to expose them to it, and the pool of judges has grown, representing an array of universities, organizations, and former Tech Award Laureates.
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Impact Summary from the Nonprofit Additional Information
A Charting Impact Report consists of an organization’s responses to the five questions. Helping validate this self-reported data are three reviews. Once an organization has used the online interface to complete its report, its responses will produce a document with a unique URL that will be shared on this website, on your GuideStar profile, on the reports of charities participating in BBB Wise Giving Alliance evaluations, and – in the future – with other websites and information sources about nonprofits. We encourage organizations to use this URL to share their report on their own website and through their own media channels. Participants will receive guidance about promoting their Charting Impact Report, along with other benefits, once they publish their report.

The Tech Museum is a dynamic learning resource in Silicon Valley designed to bring science and technology to life. Hundreds of educational, hands-on exhibits and one-of-a-kind floor programs await the visitor. Experience the Bay Area’s only IMAX dome theater with its eight-story-high screen and digital surround-sound system.
For more in-depth information about this organization's impact, view their Charting Impact Report.
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