Civic Intelligence

Nashville Technology Council Foundation

990 • Fiscal year 2018 • EIN 46-3167306

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 14, 2018

500 Interstate Blvd S No 200Nashville, TN 37210

(615) 873-1284

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

80th percentile

25%

Higher net margin than 80% of similar nonprofits.

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

Top Officer Pay

99th percentile

$212,142

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 67.5% of source-year revenue.

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

Asset Growth

93rd percentile

142%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

52%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$131,622

Up $77,256 (+142%) from 2017

Net Assets

Up

$131,622

Up $77,256 (+142%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$314,258

Up $107,084 (+52%) from 2017

Expenses

Down

$237,002

Down $36,805 (-13%) from 2017

Net Income

Up

$77,256

Up $143,889 (+216%) from 2017

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100K-$200KAssets 2016: $149,446Liabilities 2016: $28,447Net Assets 2016: $120,9992016Assets 2017: $54,366Liabilities 2017: $0Net Assets 2017: $54,3662017Assets 2018: $131,622Liabilities 2018: $0Net Assets 2018: $131,6222018Assets 2019: $72,817Liabilities 2019: $0Net Assets 2019: $72,8172019Assets 2020: $84,142Liabilities 2020: $120,000Net Assets 2020: -$35,8582020Assets 2021: $133,598Liabilities 2021: $243,825Net Assets 2021: -$110,2272021Assets 2022: $76,100Liabilities 2022: $34,778Net Assets 2022: $41,3222022Assets 2023: $184,968Liabilities 2023: $0Net Assets 2023: $184,9682023Assets 2024: $218,614Liabilities 2024: $71,988Net Assets 2024: $146,6262024

Highlighted filing

2018

Assets$131,622
Liabilities$0
Net Assets$131,622

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $243,649Expenses 2016: $128,707Net Income 2016: $114,9422016Revenue 2017: $207,174Expenses 2017: $273,807Net Income 2017: -$66,6332017Revenue 2018: $314,258Expenses 2018: $237,002Net Income 2018: $77,2562018Revenue 2019: $365,679Expenses 2019: $428,032Net Income 2019: -$62,3532019Revenue 2020: $660,450Expenses 2020: $769,125Net Income 2020: -$108,6752020Revenue 2021: $871,133Expenses 2021: $945,502Net Income 2021: -$74,3692021Revenue 2022: $946,337Expenses 2022: $794,788Net Income 2022: $151,5492022Revenue 2023: $679,825Expenses 2023: $536,179Net Income 2023: $143,6462023Revenue 2024: $387,450Expenses 2024: $448,563Net Income 2024: -$61,1132024

Highlighted filing

2018

Revenue$314,258
Expenses$237,002
Net Income$77,256
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 14, 2018
Return Version
2017v2.3
Gross Receipts
$314,258
Mission and Program Overview

Mission

The nashville technology council foundation raises funds to support the ntc's talent development initiatives to enhance the technology programs available to students in middle tennessee. Its mission is to invest in building the pathways for future technology professionals by developing problem solvers and creative thinkers.

Build pathway for future tech professionals by developing problem solvers & creative thinkers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$36,179$116,193▲ $80,014
Land, Buildings, and Equipment, Net$18,187$15,429▼ $2,758
Total Assets$54,366$131,622▲ $77,256
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$54,366$131,622▲ $77,256
Total Net Assets Fund Balance$54,366$131,622▲ $77,256
Total Liabilities and Net Assets / Fund Balance$54,366$131,622▲ $77,256

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,429$3,875$19,304
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Sandi HoffExecutive DirectorPT$100,183$100,183

Board Members and Trustees

NameTitle
Brian MoyerChair, Ntc President and C
Amy HendersonBoard Member
Charlie Apigian PhdBoard Member
Dennis VaughanBoard Member
Kent FourmanBoard Member
Mark DavisonBoard Member
Susan LewisBoard Member
Tiffany WoosleyBoard Member
Tim WalshBoard Member
Vanessa HickmanBoard Member
William OrangeBoard Member
Katherine McelroySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$302,163
Program Service Revenue
$12,095
Investment Income
$0
Other Revenue
$0
All Other Contributions
$302,163
Change in Net Assets
$77,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$237,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$33,756$66,000-$99,756
Conferences and Meetings$74,713--$74,713
Information Technology$20,593$5,148-$25,741
Advertising$7,500--$7,500
Fees for Services Accounting-$4,310-$4,310
Depreciation Depletion$2,758--$2,758
Other Expenses$20,541$930-$930
Office Expenses$346$86-$432
Travel$321--$321
Total Functional Expenses$160,528$76,474$0$237,002
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

It is detail reviewed by the ntc foundation executive director, reviewed by the board chair, and then placed on a drive where the board has access to it.

Form 990, Part VI, Section B, Line 12C

There are very few opportunities for conflicts of interest. Monitoring is part of the role of the governance committee.

Form 990, Part VI, Section C, Line 19

Documents have not been made public.

Filing and Contact Details

Filer

Filer Name
Nashville Technology Council Foundation
EIN
46-3167306
Phone
6158731284
Address
500 INTERSTATE BLVD S NO 200, NASHVILLE, TN 37210

Signing Officer

Name
Sandi Hoff
Title
Executive Director
Phone
6153981587
Signed
2018-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandi Hoff
Formed
2013
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
300

Preparer

Firm
Kraftcpas Pllc
Address
555 GREAT CIRCLE ROAD, NASHVILLE, TN 37228
Preparer
Frances E Leahy
Phone
6152427351
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Lines 5-10

Compensation is paid by the related organization, nashville technology council. The compensation is set by approval of the board of compensation committee of the related party. The foundation reimburses a portion of the wages, which is shown on the payments to affiliates, line 21.

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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt027
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0139
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0166
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt078092
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0523538
IRS990ScheduleA/SubstantialContributorsTotAmt0169425
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0302163
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0182400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0208400
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0692963
IRS990ScheduleA/TotalSupportAmt0693129
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt015429
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03875
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019304
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015429
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt018720
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0178490
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt06061
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08871
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRIAN MOYER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIR, NTC PRESIDENT AND C
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0212142
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE OF THE NASHVILLE TECHNOLOGY COUNCIL BOARD OF DIRECTORS ACTS AS A COMPENSATION COMMITTEE AND REVIEWS AND APPROVES ALL COMPENSATION ANNUALLY. ANNUAL REVIEWS ARE PERFORMED, AND SALARY RECOMMENDATIONS ARE MADE BASED ON THE ORGANIZATION'S PERFORMANCE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IT IS DETAIL REVIEWED BY THE NTC FOUNDATION EXECUTIVE DIRECTOR, REVIEWED BY THE BOARD CHAIR, AND THEN PLACED ON A DRIVE WHERE THE BOARD HAS ACCESS TO IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE VERY FEW OPPORTUNITIES FOR CONFLICTS OF INTEREST. MONITORING IS PART OF THE ROLE OF THE GOVERNANCE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS HAVE NOT BEEN MADE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION IS PAID BY THE RELATED ORGANIZATION, NASHVILLE TECHNOLOGY COUNCIL. THE COMPENSATION IS SET BY APPROVAL OF THE BOARD OF COMPENSATION COMMITTEE OF THE RELATED PARTY. THE FOUNDATION REIMBURSES A PORTION OF THE WAGES, WHICH IS SHOWN ON THE PAYMENTS TO AFFILIATES, LINE 21.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINES 5-10
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NASHVILLE TECHNOLOGY COUNCIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0621794295
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GROWTH AND INFLUENCE OF MIDDLE TENNESSEE'S TECHNOLOGY INDUSTRY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0500 INTERSTATE BLVD SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NASHVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037210
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0RELATED ORGANIZATIONS: NASHVILLE TECHNOLOGY COUNCIL AND NASHVILLE TECHNOLOGY COUNCIL FOUNDATION SHARE THE FOLLOWING PAID EMPLOYEES: BRIAN MOYER SANDI HOFF JACQUI LOGAN HEATHER PLATCHETT ERIN WHITAKER KENDRICK WATTS NASHVILLE TECHNOLOGY COUNCIL COMPENSATES THESE EMPLOYEES SINCE THE MAJORITY OF THE TIME IS DEVOTED TO NASHVILLE TECHNOLOGY COUNCIL.
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt1AS OF 6/30/18, THE FOUNDATION'S BOARD WAS COMPRISED OF AT LEAST 50% OF EITHER THE CURRENT OR FORMER NASHVILLE TECHNOLOGY COUNCIL BOARD MEMBERS. IN THE FUTURE, THE FOUNDATION BOARD WILL SELF APPOINT AND VOTE FOR NEW MEMBERS.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE R, PART V, LINE 10 - SHARING OF PAID EMPLOYEES
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE R, PART II
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt190756
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR MARKET VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FAIR MARKET VALUE OF HOURS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NASHVILLE TECHNOLOGY COUNCIL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NASHVILLE TECHNOLOGY COUNCIL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt054366
IRS990/TotalAssetsEOYAmt0131622
IRS990/TotalAssetsGrp/BOYAmt054366
IRS990/TotalAssetsGrp/EOYAmt0131622
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0302163
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt076474
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0160528
IRS990/TotalFunctionalExpensesGrp/TotalAmt0237002
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt054366
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0131622
IRS990/TotalOtherCompensationAmt014932
IRS990/TotalProgramServiceExpensesAmt0160528
IRS990/TotalProgramServiceRevenueAmt012095
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00

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