GOLD2024

TWO BIT CIRCUS FOUNDATION

Inventing Inspiration

aka T4T.org   |   Los Angeles, CA   |  twobitcircus.org
GuideStar Charity Check

TWO BIT CIRCUS FOUNDATION

EIN: 56-2464067


Mission

Two Bit Circus Foundation, a nonprofit educational organization, cultivates the next generation of inventors, advances environmental stewardship, and spurs community engagement by providing students of all means with access to STEAM (Science, Technology, Engineering, Art and Math) education.

Ruling year info

2006

Principal Officer

Dr. Leah Hanes

Board President

Mr. Brent Bushnell

Main address

634 Mateo St.

Los Angeles, CA 90021 USA

Show more contact info

EIN

56-2464067

Subject area info

Education services

Environmental education

Education

Population served info

Children and youth

Families

NTEE code info

Educational Services and Schools - Other (B90)

Environmental Education and Outdoor Survival Programs (C60)

Fund Raising and/or Fund Distribution (B12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

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

Tax forms

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Material memberships

Schools and organizations can purchase a Materials Membership to gain access to our warehouse filled with unused manufacturing materials. Memberships cost $1000 for a school and entitle the members (all staff and teachers) to 1000 pounds of materials that can be picked up at the warehouse throughout the year. Individual memberships are also available for $100.

Population(s) Served
Children and youth

Professional Development Workshops (PDs) are held to introduce teachers and administrators to project based learning with open ended materials.

We offer teacher training workshops in our warehouse and at school sites. We have offered PD to more than 5700 teachers over the last few years. Some of those programs are in schools that we have supplied our STEAM Lab Makerspaces and others in conjunction with districts and county offices of education. Several times per year, our early childhood education specialist facilitates a workshop called “Let Materials Lead the Way” for pre-K/kinder educators. The activities often change, but the overarching theme remains the same – getting comfortable teaching with open-ended materials. Our program director also facilitates K-12 PD workshops on an ‘as requested’ basis. These workshops incorporate the maker movement and the engineering design process into an integrated approach to curriculum development.

Population(s) Served
Children and youth

We have built more than 164 STEAM Labs Makerspaces so far. Most of them in Title 1 schools. What is a STEAM Lab Makerspace? It’s a makerspace that inspires integrative learning in science, technology, engineering, arts, and mathematics (STEAM). Our STEAM Lab Makerspaces are outfitted with tools, materials from our warehouse, and shelving – and even the shelving is usually made from re-purposed materials. The best part of our STEAM Labs Makerspaces is that we incorporate students, teaching them tool safety and organizational skills along the way. When the Lab is complete, students feel empowered to use the space and take pride of ownership in the space. We also include a teacher-training workshop with the purchase of every STEAM Lab Makerspace, so that teachers feel fully equipped to use the space and this year we have added a Standards aligned Project Book to get you started! There are more than 120 Title 1 schools that have applied for Makerspace STEAM Labs asking us to help them with grants to cover the cost. Let us know if your organization has grants that could help.

Population(s) Served
Children and youth

A traveling event that inspires Inventors through Science, Tech, & Art. STEAM Carnival is a social amusement platform for all ages that uses technology infused games and immersive hands-on experiences that leverage people’s passion for music, fashion, and games to engage them in STEAM: science, technology, engineering, art, and math. Play. Explode. Repeat. If you like lasers, fire, and robots, you’ll love STEAM Carnival! The carnival includes a giant high-tech game arcade games, a battling robot band showcase, and often a wearable technology fashion show to spotlight STEAM disciplines at work within the power of play.

Population(s) Served
Children and youth
Families

Imagination.org leads special campaigns (like the Global Cardboard Challenge), tells inspiring stories of creative kids and communities (The Storybook project), and grows Creativity Chapters around the world. We are fueling a movement to help kids and communities foster creativity through Creative Play. And our programs are designed to inspire and make it easy for anyone anywhere to play a role.

Population(s) Served
Children and youth
Families

LA Makerspace brings free, fun, hands-on science and technology workshops to public library branches throughout LA County. As the primary partner for STEAM education for both the City and County library systems (165 branches), LAM reaches over 4,000 kids a year with coding, robotics, wearable electronics, and stop motion animation programs.

Population(s) Served
Children and youth
Families

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Vision: Provide educators with inexpensive, quality materials for use in STEAM hands on learning and to reduce the amount of waste that goes into local landfills.

Financials

TWO BIT CIRCUS FOUNDATION
Fiscal year: Jul 01 - Jun 30
Financial documents
2023 Kellye Ross
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

15.82

Average of 7.80 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

0.6

Average of 2.5 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

6%

Average of 12% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

TWO BIT CIRCUS FOUNDATION

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

TWO BIT CIRCUS FOUNDATION

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

TWO BIT CIRCUS FOUNDATION

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of TWO BIT CIRCUS FOUNDATION’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $116,599 $242,298 $81,767 -$226,213 $767,976
As % of expenses 6.1% 11.9% 5.0% -12.9% 53.4%
Unrestricted surplus (deficit) after depreciation $116,599 $242,298 $81,767 -$226,213 $767,976
As % of expenses 6.1% 11.9% 5.0% -12.9% 53.4%
Revenue composition info
Total revenue (unrestricted & restricted) $2,032,504 $2,285,487 $1,705,476 $1,532,592 $2,205,090
Total revenue, % change over prior year 104.2% 12.4% -25.4% -10.1% 43.9%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.9% 1.6% 1.2%
All other grants and contributions 100.0% 100.0% 99.1% 98.4% 98.8%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $1,915,905 $2,043,189 $1,623,709 $1,758,805 $1,437,114
Total expenses, % change over prior year 101.4% 6.6% -20.5% 8.3% -18.3%
Personnel 54.2% 57.3% 52.2% 48.9% 67.4%
Professional fees 2.8% 2.4% 3.0% 3.7% 3.9%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.1% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 43.0% 40.2% 44.9% 47.4% 28.7%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $1,915,905 $2,043,189 $1,623,709 $1,758,805 $1,437,114
One month of savings $159,659 $170,266 $135,309 $146,567 $119,760
Debt principal payment $0 $0 $231,400 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $2,075,564 $2,213,455 $1,990,418 $1,905,372 $1,556,874

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 0.0 4.4 3.7 2.2 0.6
Months of cash and investments 0.0 4.4 3.7 2.2 0.6
Months of estimated liquid unrestricted net assets 2.6 3.9 5.6 3.7 11.0
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $5,483 $746,684 $497,292 $321,247 $74,990
Investments $0 $0 $0 $0 $0
Receivables $330,525 $88,965 $199,900 $212,813 $1,329,281
Gross land, buildings, equipment (LBE) $111,162 $111,162 $111,162 $121,429 $121,429
Accumulated depreciation (as a % of LBE) 63.5% 73.7% 82.5% 84.2% 92.9%
Liabilities (as a % of assets) 8.8% 26.9% 2.3% 6.3% 6.3%
Unrestricted net assets $458,320 $700,618 $782,385 $556,172 $1,324,148
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $458,320 $700,618 $782,385 $556,172 $1,324,148

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Principal Officer

Dr. Leah Hanes

Dr. Leah Hanes brings unique experiences to her role as Executive Director at 2BCF. Beginning her career in Toronto, Leah produced and hosted an award-winning TV series about woman in non-traditional roles. Later in Los Angeles, she hosted programs covering environmental issues, business and politics. Leah segued into other areas of the film industry, notably as President of a boutique agency representing Academy Award-winning cinematographers, editors and production designers, as well as several years owning and running an acting school for youth. Her early life on a farm nurtured a strong sense of environmental stewardship. Her first college experience was in Early Childhood Education; she holds an M.A. in Organizational Management and a PhD. in Leadership and Change. These variables lead to a confluence of skills and knowledge that fit perfectly into the 2BCF ecosystem. When she's not spreading the STEAM word across California, she loves spending time with her grandchildren.

Board President

Brent Bushnell

Brent Bushnell, Board President is the CEO and Chief Rabble-rouser of Two Bit Circus, a Los Angeles-based experiential entertainment company. Most recently the team launched STEAM Carnival, a modern re-imagining of the midway to inspire kids about science, technology, engineering, art and math. Brent was an on-camera inventor for the ABC TV show Extreme Makeover: Home Edition, co-founder of Anti-Aging Games, founding member of Syyn Labs, a creative collective combining art and engineering to create high engagement for large brands and bands including Google, Disney and responsible for the viral hit Rube Goldberg music video for OK Go that garnered 40 million views on YouTube. Brent also mentors teens in entrepreneurship.

Number of employees

Source: IRS Form 990

TWO BIT CIRCUS FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

TWO BIT CIRCUS FOUNDATION

Board of directors
as of 09/14/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Brent Bushnell

Two Bit Circus

Term: 2015 - 2025


Board co-chair

Dave Zobel

Science Writer - The Science Behind TV's The Big Bang Theory

Term: 2015 - 2025

Dave Zobel

No Affiliation

Celeste Anlauf

Para Los Ninos

Brent Bushnell

Two Bit Circus

Francisco Arechiga

Dijanna Figueroa

Joe Zenas

Thinkwell Group

Liz Heller

memBrain LLC

Lorene Chandler

SAM Initiative

Malik Ducard

Pinterest

Marcella Klein Williams

Oxnard College

Nirvan Mullick

Imagination.org and Interconnected Media

Scott Curran

Beyond Advisors Social Impact Consulting

Sebastian Slek

Alo/Bella+Canvas

Tara Tiger Brown

KitHub

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    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? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 9/14/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female
Sexual orientation
Decline to state
Disability status
Decline to state

The organization's co-leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability