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Tech Town Foundation INC FY2021 filing

Chattanooga, TNUnknown exempt organizationEIN 46-5235151Revenue $166K in FY2021

On file with the IRSPo Box 11449 · Chattanooga, TN

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Leveling the playing field for young people by providing access to a unique technology and entrepreneurial learning center; c areer awareness of the unlimited possibilities in technology fields; and 21st century workforce training via problem-based learning.

74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 4
filings with a surplus
Average surplus $14K a year · 15% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$166K
+37% vs prior year
Spent
$145K
To programs
74%
Net assets
$28K
By yearFY2020–FY2024
Revenue
$166K
FY2021▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$121K
FY2021$166K
FY2022$89K
FY2024$0
Expenses
$145K
FY2021▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$175K
FY2021$145K
FY2022$0
FY2024$1K
Net assets
$28K
FY2021▲ +330%
Tap a bar for its year
Net assets by fiscal year
FY2020$6K
FY2021$28K
FY2022$28K
FY2024$0

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $108K Management & general 26% · $37K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Marlin Gines
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Britton Tabor
Treasurer
$0Pt VII · Sec A
See Tech Town Foundation INC executive salaries →

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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 15aYes

Programs and updates

Empowering youth with tech skills, career awareness, and workforce training for future success.

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Provided by the organization

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1 program · $108K · in their own filed words · FY2021
01

Tech town is a technology and entrepreneurial learning center offering year-round during and after-school programs and summer camps.

$108Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$166K
Ln 12
Fees for servicesLn 2g$106K
Gifts and grantsLn 1h$60K
Money outPt IX
$145K
Ln 25
Programscol B$108K
Managementcol C$37K
Owns and owesPt X
$28K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$28K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Government grantsLn 1e$60K
Fees for servicesLn 2g$106K
Total revenueLn 12$166K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
Total assetsLn 16$28K
LiabilitiesLn 26$0
Net assetsLn 32$28K
OperationsPt I, VI
EmployeesI 52
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$598$24K
Total assetsLn 16$9K$28K
LiabilitiesLn 26$3K$0
Net assetsLn 32$6K$28K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$16K$16K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$10K$10K
Information technologyLn 14$659$659
OccupancyLn 16$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$108K$107K$490
All other expensesLn 24e$6K$150$5K
Total functional expensesLn 25$145K$108K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$1K−$1K$0 990 PDF
FY2023 Not on file
FY2022 $89K$0$89K$28K 990 PDF
FY2021 Viewing $166K$145K$22K$28K 990 PDF
FY2020 $121K$175K−$54K$6K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $166,276 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $57,500$60,336
I-9 Program service revenuePrior year $63,556$105,940
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $121,056$166,276
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $13,370$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $161,193$144,594
I-18 Total expensesPrior year $174,563$144,594
I-19 Revenue less expensesPrior year −$53,507$21,682
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $166,276 across 4 lines filed
VIII-1e Government grants$60,336
VIII-1h Total contributions, gifts and grants$60,336
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $105,940$105,940
VIII-12 Total revenueRelated to mission $105,940 · Unrelated business $0 · Excluded from tax $0$166,276
Part IX · Statement of functional expenses $144,594 across 8 lines filed
IX-11a Management feesManagement $15,850$15,850
IX-11c Accounting feesManagement $1,969$1,969
IX-13 Office expensesManagement $10,158$10,158
IX-14 Information technologyManagement $659$659
IX-16 OccupancyManagement $1,310$1,310
IX-23 InsuranceManagement $1,200$1,200
IX-24 Other expenses (24a–d)Programs $107,382 · Management $490$107,872
IX-24e All other expensesPrograms $150 · Management $5,426$5,576
IX-25 Total functional expensesPrograms $107,532 · Management $37,062 · Fundraising $0$144,594
Part X · Balance sheet $27,706 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $598$24,103
X-8 Inventories for sale or useStart of year $3,603$3,603
X-16 Total assetsStart of year $8,919$27,706
X-26 Total liabilitiesStart of year $2,895$0
X-27 Net assets without donor restrictionsStart of year $6,024$27,706
X-32 Total net assets or fund balancesStart of year $6,024$27,706
X-33 Total liabilities and net assetsStart of year $8,919$27,706
Part XI · Reconciliation of net assets $27,706 net assets at year end
XI-1 Total revenue$166,276
XI-2 Total expenses$144,594
XI-3 Revenue less expenses$21,682
XI-4 Net assets at start of year$6,024
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$27,706

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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