Nc Techpaths INC FY2024 filing

Claim it free, then get the verified mark Claim this org →
EIN 87-2625452 Unknown exempt organization Wilkesboro, NC
Form 990 (PDF)

Is this your organization? Claim it free

Revenue & expenses by yearFY2022–FY2025
Revenue
$421K
FY2024▼ -72%
Expenses
$732K
FY2024▼ -45%

Form 990 for the fiscal year ending June 2024 (IRS tax year 2023).


Connects rural residents with technology jobs to keep them in their home regions. For fiscal year 2024 it reported $421K in revenue, $732K in expenses, and $341K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Wilkesboro, NC
Website
nctechpaths.org
Filings
4 on file (2022–2024)
Revenue
$421KFY2024
Expenses
$732K
Net assets
$341K
People
3
Is this your organization?
Claim this profile to manage it and share your story.
Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
Compare with another nonprofit →
Provided by the organization

This section is blank until Nc Techpaths INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Connects rural residents with technology jobs to keep them in their home regions.
Leadership
William C Warden JR · Secretary/Treasurer
Money in and out
$421K revenue, $732K expenses
Bottom line
-74% surplus margin
Reported financial activity · FY2024
Total revenue
$421K
Pt VIII · Ln 12
Total expenses
$732K
Pt IX · Ln 25
Net assets
$341K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$311K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.09
Surplus margin
-74%
revenue over expenses, this year
Program spending
91%
of expenses reach programs

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Nc Techpaths INC →

Run this organization? Claim this page

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$2.4M
FY2024▼ -4%
Total liabilities
$2.1M
FY2024▲ +11%
Revenue less expensesPt I · Ln 19−$311K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CNc Techpaths INC
EINHdr · item D87-2625452
Principal addressHdr · item CWilkesboro, NC
WebsiteHdr · item Jnctechpaths.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

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

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2023FY2022
Karen Barnes$23,510—
Zachary J Barricklow$21,000$8,000
Craig Delucia$19,000—
Craig Delucia—$6,000

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.

See Nc Techpaths INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

2 program services account for $667K of program spending, described in the organization's own filed words · FY2023.
01

TALENT NC Tech Paths works at the intersection of students, education, and industry for rural communities. Our program model is to recruit high-potential talent interested in careers in software development, network management, cyber security and IT support, coach and assist the learners on pathways to a degree and/or industry…

$446Kprogram expense
02

MASTHEAD NC Tech Paths purchased a building in downtown North Wilkesboro to serve as the organizations first Rural Tech Outpost. In addition to serving as a magnetic workspace, the Masthead provides a downtown convening spot for individuals interested in technology and entrepreneurship, hosting hands-on training designed to build a…

$221Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Program service revenue$207K · 49%
Contributions & grants$141K · 34%
Other revenue$72K · 17%
Program service revenue49%$207K
Contributions & grants34%$141K
Other revenue17%$72K
Investment income$786
— government grantsLn 1e$100K
Total revenueLn 12$421K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$667K
Management & general9%$65K
Total functional expensesLn 25$732K

Balance Sheet

Part X · end of year
CashLn 1$274K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$2.1M
Total net assetsLn 32$341K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $274K · Operating expenses/yr $732K
4.5 months
Where the money goes
Program services
Program services $667K · Total expenses $732K
91%
Management & General
Management & general $65K · Total expenses $732K
9%
Fundraising
Fundraising $0 · Total expenses $732K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $14K · Solicited contributions (3-yr avg) $620K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $141K · Total revenue $421K
34%
Government reliance
Government grants $100K · Total revenue $421K
24%
Earned-income share
Program service revenue $207K · Total revenue $421K
49%
Investment reliance
Investment income $786 · Total revenue $421K
+0.2%
Program self-sufficiency
Program service revenue $207K · Total expenses $732K
28%
Growth & trend
Revenue growth (YoY)
This year $421K · Prior year $1.5M
-72%
Net-asset trend (YoY)
End of year $341K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $421K · Expenses $732K
-74%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
—
Net-asset ratio
Net assets $341K · Total assets $2.4M
14%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William C Warden JR · Reported title Secretary/Treasurer · Highest reported compensation $0 · Total expenses $732K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $158K · Total expenses $732K
22%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%——
Overhead ratio 9%——
Fundraising cost ratio 0%——
Revenue growth -72%——
Investment management fee ratio 0%——
Legal fee ratio 0.9%——
Accounting fee ratio 5%——

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 · received and paid
Grants received · FY2022
Total grants receivedfrom 2 funders$1.1M
Grants paid · 5 grants · $176K · 2021–2023
Unitemized GrantFY2023$22,260
Unitemized GrantFY2022$138,744
Unitemized GrantFY2022$3,125
Unitemized GrantFY2021$8,750
Unitemized GrantFY2021$2,850

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$174K revenue · ⤓ 990 PDF
FY2024$421K revenue · viewing · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$805K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.