Tech for Troops EIN 47-1465185

Tech for Troops FY2023 filing

EIN  47-1465185 Public charity (501(c)(3)) Richmond, VA
Form 990 (PDF)
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Size
$1–10M
What they do
Refurbishes used technology to provide veterans with computers and IT job training.
Leadership
Jeff Vittone · Chairman
Money in and out
$833K revenue, $740K expenses
Bottom line
75% program efficiency

Refurbishes used technology to provide veterans with computers and IT job training. For fiscal year 2023 it reported $833K in revenue, $740K in expenses, and $334K in net assets.Pt I

Where the money goes · FY2023
Total revenue
$833K
Pt VIII · Ln 12
Total expenses
$740K
Pt IX · Ln 25
Net assets
$334K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $93K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.14 Fundraising $0.11
Program efficiency
75%
of spending reaches programs
Operating runway
2.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$833K
FY2023▲ +44%
Expenses
$740K
FY2023▲ +6%
Total assets
$435K
FY2023▲ +27%
Total liabilities
$101K
FY20230%
Total revenue
$833K
Pt VIII · Ln 12
Total expenses
$740K
Pt IX · Ln 25
Net assets
$334K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$93K
Total assetsPt X · Ln 16$435K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $556K of program spending, described in the organization's own filed words · FY2023.
01

Receive used computer equipment, refurbish it to put it back into use by gifting to in need veterans and their families or selling it at a very low cost to veterans outside of the richmond, va area. We also sell computer parts and responsibly recycle computer scrap keeping it out of the landfill.

$556Kprogram expense
02

Provide on-the-job, classroom training for veterans, providing computer literacy, job skills and business connections for a career or job.

Pt IX · col B
03

Provide complete 100% data destruction to corporations and individuals who are concerned with data security.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTech for Troops
EINHdr · item D47-1465185
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jwww.techfortroops.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic & Societal Benefit (W02)
Ruling yearIRS BMFSep 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark Casper’s $64K as Executive Director is at the 11th percentile of top reported officer pay among 732 $1–10M public & societal benefit 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.

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Statement of Revenue

Part VIII
Program service revenue$520K · 62%
Contributions & grants$224K · 27%
Other revenue$88K · 11%
Program service revenue62%$520K
Contributions & grants27%$224K
Other revenue11%$88K
Total revenueLn 12$833K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.14 Fundraising $0.11
Program services75%$556K
Management & general14%$104K
Fundraising11%$79K
Total functional expensesLn 25$740K

Balance Sheet

Part X · end of year
CashLn 1$157K
Total assetsLn 16$435K
Total liabilitiesLn 26$101K
Total net assetsLn 32$334K
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $157K · Operating expenses/yr $740K
2.5 months
Where the money goes
Program services
Program services $556K · Total expenses $740K
75%
Management & General
Management & general $104K · Total expenses $740K
14%
Fundraising
Fundraising $79K · Total expenses $740K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $55K · Solicited contributions (3-yr avg) $300K
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $224K · Total revenue $833K
27%
Government reliance
Government grants — · Total revenue $833K
Earned-income share
Program service revenue $520K · Total revenue $833K
62%
Investment reliance
Investment income $0 · Total revenue $833K
0%
Program self-sufficiency
Program service revenue $520K · Total expenses $740K
70%
Growth & trend
Revenue growth (YoY)
This year $833K · Prior year $579K
+44%
Net-asset trend (YoY)
End of year $334K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $833K · Expenses $740K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $435K
Net-asset ratio
Net assets $334K · Total assets $435K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $435K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeff Vittone · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $740K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $469K · Total expenses $740K
63%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 14%
Fundraising cost ratio 35%
Revenue growth 44%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.0M revenue · ⤓ 990 PDF
FY2023$833K revenue · viewing · ⤓ 990 PDF
FY2022$579K revenue · ⤓ 990 PDF
FY2021$497K revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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