Civic Intelligence

Palm Beach Tech Foundation Inc.

990EZ • Fiscal year 2018 • EIN 30-0891778

Jan 01, 2018 to Dec 31, 2018 • Filed on Feb 20, 2019

313 Datura StWest Palm Beach, FL 33401

(561) 512-7306

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

4.95x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

0.49x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

10th percentile

-40%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

94th percentile

$60,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 51.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$11,550

No earlier filing loaded for comparison.

Net Assets

-$45,656

No earlier filing loaded for comparison.

Liabilities

$57,206

No earlier filing loaded for comparison.

Revenue

$115,569

No earlier filing loaded for comparison.

Expenses

$161,225

No earlier filing loaded for comparison.

Net Income

-$45,656

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0-$50KAssets 2018: $11,550Liabilities 2018: $57,206Net Assets 2018: -$45,6562018Assets 2019: $52,332Liabilities 2019: $36,708Net Assets 2019: $15,6242019Assets 2020: $755Liabilities 2020: $26,373Net Assets 2020: -$25,6182020

Highlighted filing

2018

Assets$11,550
Liabilities$57,206
Net Assets-$45,656

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2018: $115,569Expenses 2018: $161,225Net Income 2018: -$45,6562018Revenue 2019: $514,007Expenses 2019: $452,727Net Income 2019: $61,2802019Revenue 2020: $357,920Expenses 2020: $399,161Net Income 2020: -$41,2412020

Highlighted filing

2018

Revenue$115,569
Expenses$161,225
Net Income-$45,656
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Feb 20, 2019
Return Version
2018v3.1
Gross Receipts
$115,569
Mission and Program Overview

Mission

PALM BEACH TECH FOUNDATION INC.will galvanize and grow the technology industry of Palm Beach County, FL to become a landmark technology & innovation hub.

The mission of palm beach tech is to build the palm beaches into a tech hub it is uniting and building the software, engineering, digital & information technology industry verticals throughout palm beach county

Program Services

DescriptionGrantsExpenses
OPERATED A SUCCESSFULL SHARED WORKPLACE FORLOCAL TECH ENTREPRENURS$0$112,858
PROVIDED EVENTS AND PROGRAMMING FOR BUSINESSGROWTH$0$32,245
DEVELOPED THE ACCELERATOR PROGRAM TO BEFULLY EXECUTED IN THE NEXT FISCAL YEAR$0$16,122
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOSEPH R RUSSOExecutive DirectorFT$60,000-$60,000
CAM COLLINSChairmanPT$0--
ADAM STEINOFFVice President-$0--
AUDREY HAMMONDSSecretary-$0--
PAUL VEDDERTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Palm Beach Tech Foundation Inc
EIN
30-0891778
Phone
5615127306
Address
313 DATURA ST, WEST PALM BEACH, FL 33401

Signing Officer

Name
Joseph R Russo
Title
Executive Director
Phone
5615127306
Signed
2019-02-20

Preparer

Firm
Rinehimerbaker LLC
Address
4455 MILITARY TRAIL SUITE 204, JUPITER, FL 33458
Preparer
Neil Rinehimer
Phone
5615294633
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

BOOKINGS-WEST PALM 330.

Form 990EZ, Part I, Line 8

Corporate sponsorships-west palm 1250.

Form 990EZ, Part I, Line 10

Nonprofit Organization Grant ; Operations; MIAMA FOUNDATION: 40 NW 3RD ST, #305, MIAMI, FL, 33128; NOT RELATED, 4753.

Form 990EZ, Part I, Line 16

BANK & CC CHARGES 2295.

Form 990EZ, Part I, Line 16

Small tools & equipment 2488.

Form 990EZ, Part I, Line 16

Meals & entertainment-west palm 469.

Form 990EZ, Part I, Line 16

Miscellaneous expense 12100.

Form 990EZ, Part I, Line 16

SUPPLIES 10297.

Form 990EZ, Part I, Line 16

TRAVEL 554.

Form 990EZ, Part I, Line 16

Dues & subscriptions 786.

Form 990EZ, Part I, Line 16

Insurance, non-employee 2028.

Form 990EZ, Part I, Line 16

Conference, convention & meetings 134.

Form 990EZ, Part II, Line 26

Danielle (workspace) PAYABLE 9773.

Form 990EZ, Part II, Line 26

DUE TO FIRST BANK 588.

Form 990EZ, Part II, Line 26

OTHER PAYABLES 46845.

Raw XML Appendix190 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PALM BEACH TECH FOUNDATION
IRS990EZ/BooksInCareOfDetail/PhoneNum05615127306
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0313 DATURA ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WEST PALM BEACH
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033401
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt011550
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-45656
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt038493
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt011550
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt04753
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0115569
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitialReturnInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0113989
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-45656
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-45656
IRS990EZ/OccupancyRentUtltsAndMaintAmt080966
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt050.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt060000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOSEPH R RUSSO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CAM COLLINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ADAM STEINOFF
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3AUDREY HAMMONDS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4PAUL VEDDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt031151
IRS990EZ/OtherRevenueTotalAmt01580
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF PALM BEACH TECH IS TO BUILD THE PALM BEACHES INTO A TECH HUB IT IS UNITING AND BUILDING THE SOFTWARE, ENGINEERING, DIGITAL & INFORMATION TECHNOLOGY INDUSTRY VERTICALS THROUGHOUT PALM BEACH COUNTY
IRS990EZ/PrintingPublicationsPostageAmt05862
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OPERATED A SUCCESSFULL SHARED WORKPLACE FORLOCAL TECH ENTREPRENURS
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDED EVENTS AND PROGRAMMING FOR BUSINESSGROWTH
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2DEVELOPED THE ACCELERATOR PROGRAM TO BEFULLY EXECUTED IN THE NEXT FISCAL YEAR
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt20
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0112858
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt132245
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt216122
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt057206
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0161225
IRS990EZ/TotalProgramServiceExpensesAmt0161225
IRS990EZ/TotalRevenueAmt0115569
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0115239
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0115239
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0330
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0330
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0115569
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0115569
IRS990ScheduleA/Total509Grp/TotalAmt0115569
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0115569
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOOKINGS-WEST PALM 330.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CORPORATE SPONSORSHIPS-WEST PALM 1250.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Nonprofit Organization Grant ; Operations; MIAMA FOUNDATION: 40 NW 3RD ST, #305, MIAMI, FL, 33128; NOT RELATED, 4753.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BANK & CC CHARGES 2295.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SMALL TOOLS & EQUIPMENT 2488.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEALS & ENTERTAINMENT-WEST PALM 469.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MISCELLANEOUS EXPENSE 12100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SUPPLIES 10297.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TRAVEL 554.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DUES & SUBSCRIPTIONS 786.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10INSURANCE, NON-EMPLOYEE 2028.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11CONFERENCE, CONVENTION & MEETINGS 134.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Danielle (workspace) PAYABLE 9773.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DUE TO FIRST BANK 588.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14OTHER PAYABLES 46845.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH R RUSSO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05615127306
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALM BEACH TECH FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0300891778
ReturnHeader/Filer/PhoneNum05615127306
ReturnHeader/Filer/USAddress/AddressLine1Txt0313 DATURA ST
ReturnHeader/Filer/USAddress/CityNm0WEST PALM BEACH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033401
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AF92BDBDDB709C79740699D2178ABFFEE39827C5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0993F64AAAB546AF7A184848E9C3D0584B24AAC73
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.126.127.169
ReturnHeader/FilingSecurityInformation/IPDt02019-10-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm020:04:01
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RINEHIMERBAKER LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04455 MILITARY TRAIL SUITE 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JUPITER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033458
ReturnHeader/PreparerPersonGrp/PhoneNum05615294633
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Neil Rinehimer
ReturnHeader/ReturnTs02019-10-11T20:04:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings