Technology Education Foundation INC

Madison, WIUnknown exempt organizationEIN 76-0761976Revenue $159K in FY2024

On file with the IRStechedfoundation.comPo Box 44787 · Madison, WI

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Support the advancement and Education of individuals by providing information Technology hardware and software to public schools, libraries, or other non-profit educational organizations with a facility for individuals to learn to use such computer equipment.

89¢ of each $1 spent went to programs.
Run by 1 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 deficit $24K 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $43K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$30K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
+10% vs prior year
Spent
$278K
To programs
89%
Net assets
$0
By yearFY2021–FY2024
Revenue
$159K
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$146K
FY2022$186K
FY2023$144K
FY2024$159K
Expenses
$278K
FY2024▲ +69%
Tap a bar for its year
Expenses by fiscal year
FY2021$125K
FY2022$162K
FY2023$165K
FY2024$278K
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$1.1M
FY2023$978K
FY2024$0

From the FY2024 Form 990 (year ending March 2024) · see the original

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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

89 cents of each dollar spent went to programs.

Program services 89% · $248K Management & general 11% · $31K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Technology Education 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 15aNo

Programs and updates

Provides technology to schools and libraries for learning and skill development.

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Provided by the organization

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2 programs · $248K · in their own filed words · FY2023
01

Granted funds which helped to fund the purchase of computers and computer equipment for use in various classrooms.

$136Kprogram expense
02

Granted funds which helped to fund initiatives for technology training and classroom programs.

$112Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 4 funders$43K
See all 4 funders →
Grants paid · 45 grants · $400K · 2020–2023
St James Catholic SchoolWI · FY2023$15,000
YWCA Madison INCWI · FY2023$14,000
Bayview Foundation INCWI · FY2023$10,000
Monroe School DistrictFY2023$10,000
Blw Integrity CenterWI · FY2023$9,455
Wisconsin Youth Company INCWI · FY2023$9,044
Madison College FoundationFY2023$6,000
One City Schools INCWI · FY2022$17,665
YWCA Madison INCWI · FY2022$12,000
Wisconsin Initiative for Science LiteracyWI · FY2022$10,000
Bayview Foundation INCWI · FY2022$9,520
See all 45 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$159K
Ln 12
Gifts and grantsLn 1h$261K
Investment incomeLn 3$22K
Money outPt IX
$278K
Ln 25
Programscol B$248K
Managementcol C$31K
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$30K
LiabilitiesLn 26$30K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$261K
Fundraising eventsLn 1c$136K
Investment incomeLn 3$22K
Total revenueLn 12$159K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
InvestmentsLn 11–13$0
Total assetsLn 16$30K
LiabilitiesLn 26$30K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 53
VolunteersI 61
Fiscal year endsHeaderMarch
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$37K$30K
InvestmentsLn 11–13$950K$0
Total assetsLn 16$990K$30K
LiabilitiesLn 26$12K$30K
Net assetsLn 32$978K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$248K$248K
Other salaries and wagesLn 7$15K$15K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$430$430
InsuranceLn 23$4K$4K
All other expensesLn 24e$203$203
Total functional expensesLn 25$278K$248K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $159K$278K−$119K$0 990 PDF
FY2023 $144K$165K−$21K$978K 990 PDF
FY2022 $186K$162K$24K$1.1M 990 PDF
FY2021 $146K$125K$20K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $158,724 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $267,034$261,174
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18,419$21,756
I-11 Other revenuePrior year −$141,680−$124,206
I-12 Total revenuePrior year $143,773$158,724
I-13 Grants and similar amounts paidPrior year $139,286$247,578
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,101$14,958
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,377$15,635
I-18 Total expensesPrior year $164,764$278,171
I-19 Revenue less expensesPrior year −$20,991−$119,447
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $158,724 across 6 lines filed
VIII-1c Fundraising events$136,461
VIII-1f All other contributions, gifts and grants$124,713
VIII-1h Total contributions, gifts and grants$261,174
VIII-3 Investment incomeExcluded from tax $21,756$21,756
VIII-8 Net income from fundraising eventsExcluded from tax −$124,206−$124,206
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$102,450$158,724
Part IX · Statement of functional expenses $278,171 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $247,578$247,578
IX-7 Other salaries and wagesManagement $14,958$14,958
IX-11c Accounting feesManagement $3,744$3,744
IX-11g Other fees for servicesManagement $6,786$6,786
IX-13 Office expensesManagement $430$430
IX-23 InsuranceManagement $4,472$4,472
IX-24e All other expensesManagement $203$203
IX-25 Total functional expensesPrograms $247,578 · Management $30,593 · Fundraising $0$278,171
Part X · Balance sheet $30,339 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $36,737$30,339
X-9 Prepaid expenses and deferred chargesStart of year $3,800$0
X-11 Publicly traded securitiesStart of year $949,671$0
X-16 Total assetsStart of year $990,208$30,339
X-17 Accounts payable and accrued expensesStart of year $0$30,339
X-19 Deferred revenueStart of year $11,830$0
X-26 Total liabilitiesStart of year $11,830$30,339
X-27 Net assets without donor restrictionsStart of year $978,378$0
X-32 Total net assets or fund balancesStart of year $978,378$0
X-33 Total liabilities and net assetsStart of year $990,208$30,339
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$158,724
XI-2 Total expenses$278,171
XI-3 Revenue less expenses−$119,447
XI-4 Net assets at start of year$978,378
XI-5 Net unrealized gains (losses) on investments$14,794
XI-9 Other changes in net assets−$873,725
XI-10 Net assets at end of year$0

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

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