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Technology Business Management Council Ltd

Not tax-deductible

Armonk, NY501(c)(6)Community Development EIN 46-2013265Revenue $358K in FY2024Latest return filed Nov 17, 2025

On file with the IRStbmcouncil.org1 North Castle Drive, 10504-1725 · Armonk, NYTax-exempt since Aug 2015

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To create and promote best practices for running I.t. Business and to collaborate with Business partners on identifying and executing impactful Technology strategies.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 125 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $598K a year · 138% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.6M
566% of total assets
Concern: liabilities are 566% of assets; over 80%.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$358K
+44% vs prior year
Spent
$1.8M
To programs
0%
Net assets
−$6.2M
By yearFY2020–FY2024
Revenue
$358K
FY2024▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$768K
FY2021$476K
FY2022$318K
FY2023$249K
FY2024$358K
Expenses
$1.8M
FY2024▲ +86%
Tap a bar for its year
Expenses by fiscal year
FY2020$284K
FY2021$1.1M
FY2022$981K
FY2023$983K
FY2024$1.8M
Net assets
−$6.2M
FY2024▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.8M
FY2021−$3.4M
FY2022−$4.0M
FY2023−$4.8M
FY2024−$6.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2015-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Aug 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
Ashley Pettit
Chair, Executive Director
$0Pt VII · Sec A
Atticus Tysen
Executive Director
$0Pt VII · Sec A
Bharat Amin
Executive Director
$0Pt VII · Sec A
Bhushan Ivaturi
Executive Director
$0Pt VII · Sec A
Fumbi Chima
Executive Director
$0Pt VII · Sec A
George Maddaloni
Executive Director
$0Pt VII · Sec A
Greg Sly
Executive Director
$0Pt VII · Sec A
Jeff Sousa
Executive Director
$0Pt VII · Sec A
See Technology Business Management Council Ltd 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

Promotes best practices for IT businesses and collaborates on impactful technology strategies.

Questions for Technology Business Management Council Ltd

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2 programs · in their own filed words · FY2024
01

The council's mission is to create and promote best practices for running I.T. businesses and to empower I.T. executives, such as chief information officers, to collaborate with their business partners on identifying and executing impactful technology strategies to achieve corporate goals.

Pt IX · col B
02

Standardization and Promotion of TBM Practices & Principles. TBMC serves its members and the I.T. profession by defining a data-driven framework for decision-making that creates and sustains business value. The council is working to establish and promote TBM standards and practices in the I.T.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$358K
Ln 12
Fees for servicesLn 2g$358K
Money outPt IX
$1.8M
Ln 25
Owns and owesPt X
−$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$7.6M
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$358K
Total revenueLn 12$358K
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.3M
LiabilitiesLn 26$7.6M
Net assetsLn 32−$6.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6125
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$627K$1.1M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$644K$1.3M
LiabilitiesLn 26$5.4M$7.6M
Net assetsLn 32−$4.8M−$6.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$0
Other fees for servicesLn 11g$9K
Information technologyLn 14$48K
Conferences, conventions and meetingsLn 19$1.7M
Other expenses (24a–d)Ln 24$28K
All other expensesLn 24e$0
Total functional expensesLn 25$1.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $358K$1.8M−$1.5M−$6.2M 990 PDF
FY2023Filed with the IRS Aug 7, 2024 $249K$983K−$734K−$4.8M 990 PDF
FY2022Filed with the IRS Jul 18, 2023 $318K$981K−$663K−$4.0M 990 PDF
FY2021Filed with the IRS Oct 20, 2022 $476K$1.1M−$608K−$3.4M 990 PDF
FY2020Filed with the IRS Jan 31, 2023 $768K$284K$484K−$2.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $358,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $248,835$358,176
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $248,835$358,176
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $982,999$1,825,397
I-18 Total expensesPrior year $982,999$1,825,397
I-19 Revenue less expensesPrior year −$734,164−$1,467,221
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $358,176 across 3 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $358,176$358,176
VIII-12 Total revenueRelated to mission $358,176 · Unrelated business $0 · Excluded from tax $0$358,176
Part IX · Statement of functional expenses $1,825,397 across 6 lines filed
IX-4 Benefits paid to or for members$0
IX-11g Other fees for services$8,759
IX-14 Information technology$47,820
IX-19 Conferences, conventions and meetings$1,740,976
IX-24 Other expenses (24a–d)$27,842
IX-24e All other expenses$0
IX-25 Total functional expenses$1,825,397
Part X · Balance sheet $1,339,273 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $627,043$1,069,273
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $17,054$270,000
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $644,097$1,339,273
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $103,625$52,166
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $5,319,276$7,533,132
X-26 Total liabilitiesStart of year $5,422,901$7,585,298
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$4,778,804−$6,246,025
X-33 Total liabilities and net assetsStart of year $644,097$1,339,273
Part XI · Reconciliation of net assets −$6,246,025 net assets at year end
XI-1 Total revenue$358,176
XI-2 Total expenses$1,825,397
XI-3 Revenue less expenses−$1,467,221
XI-4 Net assets at start of year−$4,778,804
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$6,246,025

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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