Civic Intelligence

Northern Virginia Technology Council Foundation

990EZ • Fiscal year 2023 • EIN 46-4090178

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 15, 2024

1069 West Broad Street Suite 743Falls Church, VA 22046

(571) 421-7743

Siviq Scores

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

Liabilities / Assets

89th percentile

0.43x

Higher debt load relative to assets than 89% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

1.15x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

8th percentile

-65%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

39th percentile

-4.8%

Faster asset growth than 39% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-62%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$88,045

Down $4,393 (-4.8%) from 2022

Net Assets

Down

$49,823

Down $21,407 (-30%) from 2022

Liabilities

Up

$38,222

Up $17,014 (+80%) from 2022

Revenue

Down

$33,100

Down $54,234 (-62%) from 2022

Expenses

Down

$54,507

Down $45,346 (-45%) from 2022

Net Income

Down

-$21,407

Down $8,888 (-71%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $246,641Liabilities 2015: $27,142Net Assets 2015: $219,4992015Assets 2016: $245,614Liabilities 2016: $3,044Net Assets 2016: $242,5702016Assets 2017: $658,814Liabilities 2017: $47,831Net Assets 2017: $610,9832017Assets 2018: $464,014Liabilities 2018: $65,262Net Assets 2018: $398,7522018Assets 2019: $297,715Liabilities 2019: $37,963Net Assets 2019: $259,7522019Assets 2020: $213,893Liabilities 2020: $41,794Net Assets 2020: $172,0992020Assets 2021: $220,334Liabilities 2021: $136,585Net Assets 2021: $83,7492021Assets 2022: $92,438Liabilities 2022: $21,208Net Assets 2022: $71,2302022Assets 2023: $88,045Liabilities 2023: $38,222Net Assets 2023: $49,8232023Assets 2024: $45,307Liabilities 2024: $39,661Net Assets 2024: $5,6462024

Highlighted filing

2023

Assets$88,045
Liabilities$38,222
Net Assets$49,823

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2015: $349,600Expenses 2015: $130,101Net Income 2015: $219,4992015Revenue 2016: $152,746Expenses 2016: $129,675Net Income 2016: $23,0712016Revenue 2017: $535,898Expenses 2017: $167,485Net Income 2017: $368,4132017Revenue 2018: $70,587Expenses 2018: $282,818Net Income 2018: -$212,2312018Revenue 2019: $80,445Expenses 2019: $219,445Net Income 2019: -$139,0002019Revenue 2020: $118,730Expenses 2020: $206,384Net Income 2020: -$87,6542020Revenue 2021: $74,675Expenses 2021: $163,025Net Income 2021: -$88,3502021Revenue 2022: $87,334Expenses 2022: $99,853Net Income 2022: -$12,5192022Revenue 2023: $33,100Expenses 2023: $54,507Net Income 2023: -$21,4072023Revenue 2024: $3,000Expenses 2024: $47,177Net Income 2024: -$44,1772024

Highlighted filing

2023

Revenue$33,100
Expenses$54,507
Net Income-$21,407
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 15, 2024
Return Version
2022v5.0
Gross Receipts
$33,100
Mission and Program Overview

Mission

The nvtc foundation's purpose is to support unemployed veterans of the united states armed services through the support of employment initiatives focused on veterans, and to pursue other charitable and educational initiatives.

The mission of the nvtc foundation is to empower and connect populations traditionally underrepresented in the technology industry to educational and employment opportunities in technology careers in northern virginia.

Program Services

DescriptionGrantsExpenses
THE NVTC FOUNDATION WAS ESTABLISHED TO PROVIDE EDUCATIONAL AND FINANCIAL SUPPORT TO COMMUNITIES WHO ARE UNDERREPRESENTED IN REGION'S TECH SECTOR. THE FOUNDATION PROGRAMS INCLUDE AIM HIGH TALENT INITIATIVE AND KILLBERG SCHOLARSHIP FUND.-$26,601
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JENNIFER TAYLORChair-$0--
STEVE UPTONSecretary-$0--
TYLER FEARNTreasurer-$0--
BOBBIE KILBERGDirector-$0--
ZUZANA STEENDirector-$0--
TONY CRESCENZODirector-$0--
Filing and Contact Details

Filer

Filer Name
Northern Virginia Technology
EIN
46-4090178
Address
1069 WEST BROAD STREET SUITE 743, FALLS CHURCH, VA 22046

Signing Officer

Name
Jennifer Taylor
Title
Chair
Signed
2024-01-15
Discuss with paid preparer
Yes

Preparer

Firm
Deleon & Stang Cpas and Advisors
Address
150 S EAST ST STE 103, FREDERICK, MD 21701-6175
Preparer
Clint Lehman CPA
Phone
3012507400
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Other revenue 2,100 total 2,100

Form 990-ez, Part I, Line 16

Expenses office expenses 5,758 insurance 1,460 event expense 26,601 total 33,819

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 50 0 total 50 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 19,108 38,222 deferred revenue 2,100 0

Form 990-ez, Part III

The mission of the nvtc foundation is to empower and connect populations traditionally underrepresented in the technology industry to educational and employment opportunities in technology careers in northern virginia.

Form 990-ez, Part III, Line 28

The nvtc foundation was established to provide educational and financial support to communities who are underrepresented in region's tech sector. The foundation programs include aim high talent initiative and killberg scholarship fund.

Raw XML Appendix160 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER REVENUE 2,100 TOTAL 2,100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE EXPENSES 5,758 INSURANCE 1,460 EVENT EXPENSE 26,601 TOTAL 33,819
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PREPAID EXPENSES AND DEFERRED CHARGES 50 0 TOTAL 50 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 19,108 38,222 DEFERRED REVENUE 2,100 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MISSION OF THE NVTC FOUNDATION IS TO EMPOWER AND CONNECT POPULATIONS TRADITIONALLY UNDERREPRESENTED IN THE TECHNOLOGY INDUSTRY TO EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES IN TECHNOLOGY CAREERS IN NORTHERN VIRGINIA.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
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ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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