TWO BIT CIRCUS FOUNDATION
Inventing Inspiration
TWO BIT CIRCUS FOUNDATION
EIN: 56-2464067
as of September 2024
as of September 09, 2024
Programs and results
What we aim to solve
Our programs
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.
Professional Development
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.
STEAM Lab Makerspaces
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.
STEAM Carnival
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.
Imagination.org Powered by Two Bit
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.
LA Makerspace Powered by Two Bit
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.
Where we work
Photos
Videos
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
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.
What are the organization's key strategies for making this happen?
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
15.82
Months of cash in 2023 info
0.6
Fringe rate in 2023 info
6%
Funding sources info
Assets & liabilities info
Financial data
TWO BIT CIRCUS FOUNDATION
Balance sheetFiscal Year: Jul 01 - Jun 30
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: Jul 01 - Jun 30
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.
Created in partnership with
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
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 employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
TWO BIT CIRCUS FOUNDATION
Board of directorsas of 09/14/2024
Board of directors data
Brent Bushnell
Two Bit Circus
Term: 2015 - 2025
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
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
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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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
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:
The organization's co-leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
No data