IIF / Triple Helix FY2019-2020 budget - public
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Intentional Innovation Foundation
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Approved budget July 2019 - June 2020 - PUBLIC VERSION
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Prepared 30 July 19 - N. Laverdure
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For more information contact natel@iifound.org
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Category
RecievedEncumberedExpendedNetComments
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Intentional Innovation Foundation
Intentional Innovation Foundation has 3 business units:
-- Triple Helix (approximately 60% of our organization's total effort)
-- Peninsula STEM Gym (~20% and a cost center)
-- Rumble in the Roads (~20% and a profit center)

Various overhead and organizational costs, and ancillary efforts not assigned to one of the 3 business units, are absorbed here at this top level section of our budget, making this section of our budget a cost center.
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Taxes
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IIF.ADM.Taxes.CoNN0.000.00(638.50)(638.50)Municipal 'business personal property' taxes, business licences. Intentional Innovation Foundation is a Newport News, VA 501(c)(3) public charity.
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IIF.ADM.Taxes.Virginia0.000.00(25.00)(25.00)VA SSC renewal fees
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Insurance
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IIF.ADM.Insurance0.000.00(2,092.55)(2,092.55)Directors & officers insurance, liability for operations & events (including Rumble in the Roads), non-owned vehicle coverage
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Asset maintenance
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IIF.ADM.Interest1,000.000.000.001,000.00Investment interest
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IIF.ADM.Trailer0.000.00(100.00)(100.00)Minor repairs, tire replacement, state inspection
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Business expenses
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IIF.ADM.Web services.Cloud storage0.000.000.000.00Donated (Google)
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IIF.ADM.Web services.Web hosting0.000.00(41.85)(41.85)Partially donated (Dreamhost)
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IIF.ADM.Web services.Social media0.000.00(114.00)(114.00)Hootsuite membership
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IIF.ADM.Memberships0.000.000.000.00Legacy category
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IIF.ADM.Fundraisers0.000.000.000.00Any other fundraisers operated by the organization
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IIF.ADM.Other0.000.00(100.00)(100.00)Any other business costs incurred by the organization
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Grant program
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IIF.OUT.VCU OT DEC0.000.00(460.94)(460.94)Materials budget for VCU OT DEC collaboration
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IIF.OUT.Hampton Roads STEM team sponsorship
0.000.00(950.00)(950.00)Small grants out to our partner organizations
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IIF.OUT.TH student scholarship0.00(700.00)0.00(700.00)Small "grants" to ourselves, to offset student participation costs. It is our policy to work with families so that money is never a reason that a student would be unable to participate as a member of Triple Helix.
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Intentional Innovation Foundation1,000.00(700.00)(4,522.84)(4,222.84)
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Triple Helix Robotics
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Revenue sources
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Major corporate sponsorship
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TH.ADM.Sponsorship.Government.Federal42,500.00(7,000.00)0.0035,500.00Grants and sponsorships by US Government entities such as NASA Langley Research Center and DoD STEM
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TH.ADM.Sponsorship.Corporations15,897.02(3,000.00)0.0012,897.02Grants and sponsorships by corporate entities such as TE Connectivity and Boeing
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TH.ADM.Sponsorship.Nonprofits3,330.00(2,000.00)0.001,330.00Grants and sponsorships by nonprofit entities such as Community Knights
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TH.ADM.Sponsorship.Individuals792.840.000.00792.84Grants and sponsorships by individuals
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Earned income
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TH.ADM.Student membership fees3,099.03588.430.003,687.46Student participation fee ($150 per student per season). This includes some team t-shirts and participation in the team's first 2 spring competitions, with the expectation that students must meet certain participation/engagement tresholds to be eligible to travel with the team to events.
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TH.FUN.Event stipends0.000.000.000.00Legacy category
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General
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Outreach materials
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TH.ADM.Team wear508.420.00(2,555.50)(2,047.08)T-shirts and other gear
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TH.ADM.Marketing materials0.000.00(84.00)(84.00)Poster printing and other marketing materials retained by the team
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TH.ADM.Giveaways0.000.00(250.00)(250.00)Stickers and other marketing materials given away
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TH.ADM.Mailings and postage0.000.00(112.00)(112.00)Shipping costs
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Other operating expenses
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TH.ADM.Meals0.000.00(850.00)(850.00)Meals at odd times of the year, not captured in other budget line items. Triple Helix parents sponsor most lunches during build season; this sponsorship is unfortunately not captured in this budget.
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TH.ADM.STEM Gym usage0.00(1,000.00)0.00(1,000.00)Triple Helix's contribution (to ourselves) as one FRC user of the Peninsula STEM Gym
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TH.ADM.Conferences.Registration fees0.000.000.000.00Legacy category
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TH.ADM.Conferences.Other expenses0.000.00(50.00)(50.00)Transportation or other costs related to participation in FRC conferences
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Equipment, tools, infrastructre
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Capital equipment
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TH.ETI.Capital equipment0.000.000.000.00Capital investments associated with acquisition of a new major capability, such as CNC machining or carbon fiber 3d printing
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Workshop staples
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TH.ETI.Safety0.000.00(250.00)(250.00)PPE and other safety equipment
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TH.ETI.Shop.Tools.Maintenence0.000.00(500.00)(500.00)Repair of tools in our current inventory
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TH.ETI.Shop.Tools.Replacement0.000.00(750.00)(750.00)Replacement of tools in our current inventory
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TH.ETI.Shop.Tools.New0.000.00(1,000.00)(1,000.00)Addition of tools to our inventory (but not associated with acquisition of a new major capability, which would be considered a capital investment)
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TH.ETI.Shop.Maintenence0.000.00(400.00)(400.00)Maintenence of the workshop as a whole
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TH.ETI.Shop.Consumables0.000.00(750.00)(750.00)Replacement of consumable items such as goops and glues, saw blades, drill bits, shop towels, etc.
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Electronics
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TH.ETI.Multimedia equipment0.000.000.000.00Cameras, storage media
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TH.ETI.Computers and peripherals0.000.00(1,851.61)(1,851.61)Laptops and accessories
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TH.ETI.Software0.000.000.000.00Software
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FRC specific
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Entry into competition
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TH.CMP.Registration fees0.005,000.00(5,000.00)0.00Initial registration into FRC, including KOP and 2 district events
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TH.CMP.Robot building materials0.002,000.00(14,350.00)(12,350.00)COTS parts and raw materials necessary to build at least 2 FRC robots per year
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Events
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IROC
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TH.TRV.Registration fees.IROC0.000.00(300.00)(300.00)Offseason competition registration
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TH.TRV.Lodging.IROC197.350.00(1,005.70)(808.35)Lodging (~10 rooms for 1 night)
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TH.TRV.Meals.IROC0.000.00(182.00)(182.00)The team purchases 1 meal (Saturday lunch) for participants. Another meal is covered by the hotel (Saturday breakfast). Participants are responsible for covering the remaining 1 dinner.
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TH.TRV.Trip fees.IROC535.0261.570.00596.59Student participation fee ($50 per student)
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Rumble in the Roads
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TH.TRV.Meals.RITR0.00(125.00)0.00(125.00)The team purchases 1 meal (Saturday lunch) for participants
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FIRST Chesapeake District - Haymarket VA Event
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TH.TRV.Lodging.NOVA400.500.00(2,212.54)(1,812.04)Lodging (~11 rooms for 2 nights)
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TH.TRV.Meals.NOVA0.000.00(582.45)(582.45)The team purchases 3 meals (2 lunches and 1 dinner) for participants. Another 2 meals are covered by the hotel (breakfasts). Participants are responsible for covering the remaining 2 dinners.
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FIRST Chesapeake District - Portsmouth VA Event
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TH.TRV.Meals.HRVA0.000.00(708.80)(708.80)The team purchases 3 meals (2 lunches and 1 dinner) for participants. Participants are responsible for covering the remaining breakfasts and dinners.
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FIRST Chesapeake District Championship
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TH.TRV.Registration fees.DCMP0.000.00(4,000.00)(4,000.00)Event registration
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