Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1975.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
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
6 people listed on the 990; $2K paid to officers and key staff.
Mark Grimes’s $2K as Regent is at the 15th percentile of top reported officer pay among 250 <$100K arts & culture 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.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Mark Grimes | $2,500 | $5,000 | $5,000 | $5,000 | $5,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aNo
Programs and updates
Supports IT research, education, and individuals entering the tech profession.
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Conference
Promoted educational and research goals of the foundation. Provided an avenue for it students to exhibit their skills, learn new techniques and meet potential employers. Provide an avenue for it faculty to publish and present research papers that further information technology education.
Scholarships and Awards
Assisted information technology students and recognized information technology professionals and educators in business, government and other areas.
Itsa
Provided guidance to information technology-related student organizations and provided a means for those student organizations to be associated with a national organization, which is required by many colleges / universities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $78K | $60K |
| InvestmentsLn 11–13 | $757K | $825K |
| Land, buildings, equipmentLn 10c | $456 | $0 |
| Total assetsLn 16 | $843K | $885K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $843K | $885K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $27K | $27K | ||
| Accounting feesLn 11c | $15K | $15K | ||
| Investment management feesLn 11f | $4K | $4K | ||
| Other fees for servicesLn 11g | $15K | $15K | ||
| Office expensesLn 13 | $5K | $3K | $1K | |
| TravelLn 17 | $8K | $8K | ||
| Conferences, conventions and meetingsLn 19 | $39K | $39K | ||
| Depreciation, depletion and amortizationLn 22 | $455 | $455 | ||
| Other expenses (24a–d)Ln 24 | $808 | $458 | $350 | |
| Total functional expensesLn 25 | $115K | $94K | $21K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $99K | $115K | −$16K | $885K | 990 PDF |
| FY2024 | $103K | $145K | −$42K | $843K | 990 PDF |
| FY2023 | $94K | $130K | −$36K | $818K | 990 PDF |
| FY2022 | $23K | $66K | −$43K | $779K | 990 PDF |
| FY2021 | $79K | $51K | $28K | $972K | 990 PDF |
| FY2020 | $28K | $77K | −$48K | $934K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $98,618 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 2 to look at
Part VIII · Statement of revenue $98,618 across 5 lines filed
Part IX · Statement of functional expenses $114,882 across 9 lines filed
Part X · Balance sheet $885,039 assets, 10 lines filed
Part XI · Reconciliation of net assets $885,039 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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