Civic Intelligence

Tech Foundry Inc.

990 • Fiscal year 2022 • EIN 46-4389001

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 16, 2023

Organization ProfileTHETECHFOUNDRY.ORG
1391 Main Street 9th FloorSpringfield, MA 01103

(413) 276-0609

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.18x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

0.10x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

15th percentile

-31%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

98th percentile

$108,700

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 23.9% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-49%

Faster asset growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

16th percentile

-35%

Faster revenue growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$255,995

Down $250,897 (-49%) from 2021

Net Assets

Down

$208,945

Down $139,015 (-40%) from 2021

Liabilities

Down

$47,050

Down $111,882 (-70%) from 2021

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin15th percentile

Revenue

Down

$454,485

Down $249,733 (-35%) from 2021

Expenses

Up

$593,500

Up $86,083 (+17%) from 2021

Net Income

Down

-$139,015

Down $335,816 (-171%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.5M$1.0M$500K$0Assets 2016: $277,112Liabilities 2016: $11Net Assets 2016: $277,1012016Assets 2017: $259,349Liabilities 2017: $15,975Net Assets 2017: $243,3742017Assets 2018: $192,622Liabilities 2018: $18,634Net Assets 2018: $173,9882018Assets 2019: $103,302Liabilities 2019: $29,006Net Assets 2019: $74,2962019Assets 2020: $190,587Liabilities 2020: $39,428Net Assets 2020: $151,1592020Assets 2021: $506,892Liabilities 2021: $158,932Net Assets 2021: $347,9602021Assets 2022: $255,995Liabilities 2022: $47,050Net Assets 2022: $208,9452022Assets 2025: $1,493,550Liabilities 2025: $405,955Net Assets 2025: $1,087,5952025

Highlighted filing

2022

Assets$255,995
Liabilities$47,050
Net Assets$208,945
Open 2022 Filing

Operations Trend

Revenue Growth16th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2016: $386,677Expenses 2016: $462,511Net Income 2016: -$75,8342016Revenue 2017: $497,679Expenses 2017: $531,406Net Income 2017: -$33,7272017Revenue 2018: $499,427Expenses 2018: $568,813Net Income 2018: -$69,3862018Revenue 2019: $419,400Expenses 2019: $519,092Net Income 2019: -$99,6922019Revenue 2020: $490,576Expenses 2020: $413,713Net Income 2020: $76,8632020Revenue 2021: $704,218Expenses 2021: $507,417Net Income 2021: $196,8012021Revenue 2022: $454,485Expenses 2022: $593,500Net Income 2022: -$139,0152022Revenue 2025: $1,956,783Expenses 2025: $1,652,095Net Income 2025: $304,6882025

Highlighted filing

2022

Revenue$454,485
Expenses$593,500
Net Income-$139,015
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 16, 2023
Return Version
2021v4.0
Gross Receipts
$454,485
Mission and Program Overview

Mission

Founded by concerned area employers who saw a dramatic need for a skilled it workforce, tech foundry is on a mission to build the most dynamic and fluid it workforce development and training programs ever created. Driven by specific employer demands, we combine hands-on skill focused technical training with professional development, which aids us in our overarching duty to elevate an under-served, at-risk population into tomorrow's it workforce. The greater springfield area of massachusetts is a region ripe with opportunity. A low cost of living and high and quality of life make it an attractive community for businesses and employees alike. The obstacle to growth for our region is the lack of a skilled workforce. Without a strong, scalable, and dynamic workforce, employers are hesitant to locate and grow jobs here and the talent we do have is hesitant to stay. At no cost to the students, we prepare a cross-section of the population to step into a sustainable career in the information t

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$203,979$189,967▼ $14,012
Cash and Non-Interest-Bearing Accounts$97,068$48,100▼ $48,968
Accounts Receivable$199,201$12,355▼ $186,846
Prepaid Expenses and Deferred Charges$6,644$5,573▼ $1,071
Total Assets$506,892$255,995▼ $250,897
Liabilities
Accounts Payable and Accrued Expenses$143,212$31,330▼ $111,882
Deferred Revenue$15,720$15,720→ $0
Total Liabilities$158,932$47,050▼ $111,882
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$347,960$208,945▼ $139,015
Total Net Assets Fund Balance$347,960$208,945▼ $139,015
Total Liabilities and Net Assets / Fund Balance$506,892$255,995▼ $250,897

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$184,962$76,013$260,975
Leasehold Improvements$5,005$19,295$24,300
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bruce DixonCEO (partialFT$100,276$8,424$108,700

Board Members and Trustees

NameTitle
Delcie D Bean IvPresident
Ann BurkeDirector
Christina RoyalDirector
Dawn CreightonDirector
Diane DohertyDirector
Greg BialeckiDirector
Mike WalkerDirector
Tinsae ErkailoDirector
Scott W FosterClerk
Lynne MillsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$377,782
Program Service Revenue
$76,703
Investment Income
$0
Other Revenue
$0
All Other Contributions
$277,483
Change in Net Assets
$-139,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$373,789
Other Expenses$219,711
Total Fundraising Expense$32,449
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$264,960$26,543$26,543$318,046
Fees for Services Other$71,119$2,783-$73,902
Occupancy$40,320$840$840$42,000
Depreciation Depletion$35,038$327$326$35,691
Payroll Taxes$29,541$2,813$2,813$35,167
Fees for Services Accounting-$34,032-$34,032
Other Employee Benefits$16,692$2,199$1,685$20,576
Insurance$4,379$744$242$5,365
Office Expenses-$5,277-$5,277
Information Technology$5,249--$5,249
Advertising$4,742--$4,742
Travel$1,299--$1,299
Other Expenses$1,654$19-$19
Total Functional Expenses$485,474$75,577$32,449$593,500
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
Yes
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

“The form 990 is disseminated to various board members before it is filed. Board members have the opportunity to review the form, ask questions and recommend changes as appropriate.”

Form 990, Page 6, Part VI, Line 12C

“When a new board member is recruited and voted in, we present them with the conflict of interest policy and ask them to review and sign. At least annually, it is discussed with all board members who are required to notify the organization of any changes.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to the public on the ma secretary of state's website. The financial statements and a copy of the form 990 are available to the public on the ma attorney general's website with the form pc filing”

Filing and Contact Details

Filer

Filer Name
Tech Foundry Inc
EIN
46-4389001
Phone
4132760609
Address
1391 MAIN STREET 9TH FLOOR, SPRINGFIELD, MA 01103

Signing Officer

Name
Delcie D Bean Iv
Title
President
Phone
4132760609
Signed
2023-01-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Delcie D Bean Iv
Formed
2013
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
10

Preparer

Firm
Burgess Robb & Grassetti Pc
Address
2 CENTER SQUARE, EAST LONGMEADOW, MA 01028
Preparer
N Andrew Robb
Phone
4135250025
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Payroll service fees 0 1,619 0 contract services 2,300 0 0 program development 51,100 0 0 information technology 17,719 0 0 hr services 0 1,164 0 total 71,119 2,783 0”

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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/ExplanationTxt0THE FORM 990 IS DISSEMINATED TO VARIOUS BOARD MEMBERS BEFORE IT IS FILED. BOARD MEMBERS HAVE THE OPPORTUNITY TO REVIEW THE FORM, ASK QUESTIONS AND RECOMMEND CHANGES AS APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHEN A NEW BOARD MEMBER IS RECRUITED AND VOTED IN, WE PRESENT THEM WITH THE CONFLICT OF INTEREST POLICY AND ASK THEM TO REVIEW AND SIGN. AT LEAST ANNUALLY, IT IS DISCUSSED WITH ALL BOARD MEMBERS WHO ARE REQUIRED TO NOTIFY THE ORGANIZATION OF ANY CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC ON THE MA SECRETARY OF STATE'S WEBSITE. THE FINANCIAL STATEMENTS AND A COPY OF THE FORM 990 ARE AVAILABLE TO THE PUBLIC ON THE MA ATTORNEY GENERAL'S WEBSITE WITH THE FORM PC FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL SERVICE FEES 0 1,619 0 CONTRACT SERVICES 2,300 0 0 PROGRAM DEVELOPMENT 51,100 0 0 INFORMATION TECHNOLOGY 17,719 0 0 HR SERVICES 0 1,164 0 TOTAL 71,119 2,783 0
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02 CENTER SQUARE

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$255,995
Liabilities
$47,050
Net assets
$208,945
Revenue
$454,485
Expenses
$593,500
Net income
-$139,015
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.41$1.09$1.96$1.65$0.30
2022Detailed filing. Detailed filing data is available for this year.$0.26$0.05$0.21$0.45$0.59$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.16$0.35$0.70$0.51$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.04$0.15$0.49$0.41$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.03$0.07$0.42$0.52$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.02$0.17$0.50$0.57$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.02$0.24$0.50$0.53$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.00$0.28$0.39$0.46$0.08