Is it real?
Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2023). Last full Form 990: 2020. IRS ruling in Aug 2019.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
18 people listed on the 990; $110K paid to officers and key staff (Part VII, Section A).
Shana Ostrovitz’s $65K as Employee is at the 91st percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
See Palm Beach Tech Foundation INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Grows Palm Beach County's tech industry into a landmark innovation hub.
Questions for Palm Beach Tech Foundation INC
Your first name shows with your question. Palm Beach Tech Foundation INC answers here, for everyone.
1909 Business Education Programs We offer business courses to help founders turn their ideas into real businesses. Our programs are based on collaborative learning, which is the educational approach of using groups to enhance learning through working together.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0891778) · Dispute this lineIn response to the pandemic we launched a micro-grant program in 2020 to provide meaningful work 1909 Microgrant Program for freelancers and capacity building for local businesses in need. Our 2020 microgrant program provided over 20 jobs for local freelancers and supported 15 businesses in the Downtown West Palm Beach community who…
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0891778) · Dispute this lineCo-Lab Events Hackathon style days where we turn problems into projects...and solve them. Participants in our programs earn access to co-lab events where they get a team of experts to help move their business forward. Teams can include coders, graphic designers, photographers, copywriters, business strategists, etc.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 30-0891778) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $52K | $755 |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $52K | $755 |
| LiabilitiesLn 26 | $37K | $26K |
| Net assetsLn 32 | $16K | −$26K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $116K | $116K | $0 | $0 |
| Other employee benefitsLn 9 | $3K | $3K | $0 | $0 |
| Payroll taxesLn 10 | $6K | $6K | $0 | $0 |
| Accounting feesLn 11c | $3K | $3K | $0 | $0 |
| Other fees for servicesLn 11g | $47K | $47K | $0 | $0 |
| Advertising and promotionLn 12 | $6K | $6K | $0 | $0 |
| Office expensesLn 13 | $6K | $6K | $0 | $0 |
| OccupancyLn 16 | $179K | $179K | $0 | $0 |
| TravelLn 17 | $7K | $7K | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $2K | $0 | $2K | $0 |
| InsuranceLn 23 | $240 | $240 | $0 | $0 |
| All other expensesLn 24e | $22K | $22K | $0 | $0 |
| Total functional expensesLn 25 | $399K | $397K | $2K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2020 Latest ViewingFiled with the IRS Nov 15, 2021 | $358K | $399K | −$41K | −$26K | 990 PDF |
Files the 990-N e-Postcard (latest 2023). Last full Form 990: 2020. The 990-N has no money details, and postcard years before 2023 are not published by the IRS.
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $357,920 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 2 to look at
Part VIII · Statement of revenue $357,920 across 6 lines filed
Part IX · Statement of functional expenses $399,161 across 13 lines filed
Part X · Balance sheet $755 assets, 9 lines filed
Part XI · Reconciliation of net assets −$25,618 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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