Civic Intelligence

Tech Town Foundation Inc

990 • Fiscal year 2016 • EIN 46-5235151

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 05, 2017

1100 Market StreetChattanooga, TN 37402

(423) 308-7730

Siviq Scores

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

Liabilities / Assets

56th percentile

0.14x

Higher debt load relative to assets than 56% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

91st percentile

43%

Higher net margin than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$149,052

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

1st percentile

-66%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

436%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$564,573

Down $1,110,123 (-66%) from 2015

Net Assets

Up

$483,962

Up $1,619,639 (+143%) from 2015

Liabilities

Down

$80,611

Down $2,729,762 (-97%) from 2015

Revenue

Up

$3,273,417

Up $2,663,100 (+436%) from 2015

Expenses

Up

$1,853,068

Up $107,074 (+6.1%) from 2015

Net Income

Up

$1,420,349

Up $2,556,026 (+225%) from 2015

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2015: $1,674,696Liabilities 2015: $2,810,373Net Assets 2015: -$1,135,6772015Assets 2016: $564,573Liabilities 2016: $80,611Net Assets 2016: $483,9622016Assets 2017: $448,121Liabilities 2017: $55,426Net Assets 2017: $392,6952017Assets 2018: $291,162Liabilities 2018: $88,654Net Assets 2018: $202,5082018Assets 2019: $158,954Liabilities 2019: $58,940Net Assets 2019: $100,0142019Assets 2020: $9,344Liabilities 2020: $2,895Net Assets 2020: $6,4492020Assets 2021: $27,706Liabilities 2021: $0Net Assets 2021: $27,7062021Assets 2022: $27,706Liabilities 2022: $0Net Assets 2022: $27,7062022Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2016

Assets$564,573
Liabilities$80,611
Net Assets$483,962

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $610,317Expenses 2015: $1,745,994Net Income 2015: -$1,135,6772015Revenue 2016: $3,273,417Expenses 2016: $1,853,068Net Income 2016: $1,420,3492016Revenue 2017: $729,273Expenses 2017: $823,853Net Income 2017: -$94,5802017Revenue 2018: $344,384Expenses 2018: $530,011Net Income 2018: -$185,6272018Revenue 2019: $265,751Expenses 2019: $368,245Net Income 2019: -$102,4942019Revenue 2020: $121,056Expenses 2020: $174,563Net Income 2020: -$53,5072020Revenue 2021: $166,276Expenses 2021: $144,594Net Income 2021: $21,6822021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2024: $0Expenses 2024: $1,177Net Income 2024: -$1,1772024

Highlighted filing

2016

Revenue$3,273,417
Expenses$1,853,068
Net Income$1,420,349
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 5, 2017
Return Version
2016v3.0
Gross Receipts
$4,489,096
Mission and Program Overview

Mission

Leveling the playing field for young people by providing access to a unique technology and entrepreneurial learning center; c areer awareness of the unlimited possibilities in technology fields; and 21st century workforce training via problem-based learning.

Leveling the playing field for young people by providing access to a unique technology entrepreneurial learning center; career awareness of the unlimited possibilities in technology fields; and 21st century workforce training via problem-based learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,586,221$435,146▼ $1,151,075
Cash and Non-Interest-Bearing Accounts$23,315$119,351▲ $96,036
Accounts Receivable$41,800$6,473▼ $35,327
Inventories for Sale or Use$23,360$3,603▼ $19,757
Total Assets$1,674,696$564,573▼ $1,110,123
Liabilities
Other Liabilities$2,629,731$0▼ $2,629,731
Accounts Payable and Accrued Expenses$180,642$80,611▼ $100,031
Total Liabilities$2,810,373$80,611▼ $2,729,762
Net Assets / Fund Balance
Unrestricted Net Assets$-1,135,677$337,462▲ $1,473,139
Temporarily Rstr Net Assets-$146,500-
Total Net Assets Fund Balance$-1,135,677$483,962▲ $1,619,639
Total Liabilities and Net Assets / Fund Balance$1,674,696$564,573▼ $1,110,123

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$427,133$166,814$593,947
Other Land Buildings$8,013$5,342$13,355
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cordell CarterCEOFT$147,346$1,706$149,052

Board Members and Trustees

NameTitle
Michael HarrellChairman
Heather SveadasBoard Member
J Britton TaborBoard Member
Larry BuieBoard Member
Matthew MclellandBoard Member
Sreginald RuffSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$326,831
Program Service Revenue
$182,251
Investment Income
$2,735,934
Other Revenue
$28,401
All Other Contributions
$326,831
Change in Net Assets
$1,420,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,273,417
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$36,998
Total Revenue per Audited Statements
$3,310,415
Total Revenue per Form 990
$3,273,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,248,386
Salaries, Compensation, and Employee Benefits$598,097
Total Fundraising Expense$193,781
Grants and Similar Amounts Paid$6,585
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$448,852$61,911$5,159$515,922
Other Salaries and Wages$241,175$28,645$110,339$380,159
Depreciation Depletion$141,737$19,550$1,629$162,916
Current Officers, Directors, Trustees, and Key Employees$93,812$12,447$42,793$149,052
Fees for Services Legal-$89,184-$89,184
Office Expenses$1,321$77,453$14$78,788
Payroll Taxes$29,792$3,671$10,296$43,759
All Other Expenses$24,738$7,873$626$33,237
Advertising$10,122$20,743-$30,865
Other Employee Benefits$4,936$19,791$400$25,127
Fees for Services Accounting-$20,585-$20,585
Other Expenses$15,995$7,268$375$16,370
Grants to Domestic Orgs$6,585--$6,585
Travel$694$3,860-$4,554
Information Technology-$926-$926
Total Functional Expenses$1,129,332$529,955$193,781$1,853,068

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,890,066
Expenses per Audited Statements$1,853,068
Total Expenses per Form 990$1,853,068
Expenses Not Reported on Form 990$36,998
Expenses Not Reported on Financial Statements$0
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
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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

Form 990 shall be prepared by the accounting firm, then reviewed and verified by the ceo, cfo or equivalent, and the chairman of the board for review and comment. Comments and changes, if any are then made and the form 990 is then provided in either electronic or paper form to the remainder of the executive committee of the board for review. The final version is filed with the internal revenue service. Copies of the complete 990 shall be maintained by the cfo or equivalent and independent accounting firm. Only public disclosure copies will be maintained at techtown and will be made availalbel to the public for inspection only upon request.

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

Board members and key employees are required to review the policy on an annual basis and submit to the board chair a signed copy of the conflict of interest statement indicating acceptance of the policy and disclose any potential conflicts of interest. The written whistleblower and retention and destruction policies were adopted in 2016.

Form 990, Part VI, Section B, Line 15

Compensation of officers and key employees is determined by the executive committee of the board. The executive committee reviews responsibilities and proposed salaries and compares to other comparable organizations in our area.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are made available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Tech Town Foundation Inc
EIN
46-5235151
Phone
4233087730
Address
1100 MARKET STREET, CHATTANOOGA, TN 37402

Signing Officer

Name
Michael Harrell
Title
Board Chair
Phone
4233087730
Signed
2017-10-05

Organization Details

Principal Officer
Michael Harrell
Formed
2014
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
44
Volunteers
6

Preparer

Firm
Johnson Hickey & Murchison Pc
Address
2215 OLAN MILLS DRIVE, CHATTANOOGA, TN 37421
Preparer
Stephen L Keown
Phone
4237560052
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization follows the requirements of professional literature in accounting for uncertain tax positions. Under the guidance, an organization must recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination with taxing authorities. The organization does not believe there are any material uncertain tax positions and accordingly, it will not recognize any liability for uncertain tax positions. For the year ended december 31, 2016, there were no interest or penalties recorded or included in its financial statements. The organization's form 990, return of organization exempt from income tax, for the year ending 2015 is subject to examination by the irs, generally for three years after returns are filed.

Raw XML AppendixShowing 400 of 432 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0180642
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt080611
IRS990/AccountsReceivableGrp/BOYAmt041800
IRS990/AccountsReceivableGrp/EOYAmt06473
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0LEVELING THE PLAYING FIELD FOR YOUNG PEOPLE BY PROVIDING ACCESS TO A UNIQUE TECHNOLOGY ENTREPRENEURIAL LEARNING CENTER; CAREER AWARENESS OF THE UNLIMITED POSSIBILITIES IN TECHNOLOGY FIELDS; AND 21ST CENTURY WORKFORCE TRAINING VIA PROBLEM-BASED LEARNING.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt020743
IRS990/AdvertisingGrp/ProgramServicesAmt010122
IRS990/AdvertisingGrp/TotalAmt030865
IRS990/AllOtherContributionsAmt0326831
IRS990/AllOtherExpensesGrp/FundraisingAmt0626
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07873
IRS990/AllOtherExpensesGrp/ProgramServicesAmt024738
IRS990/AllOtherExpensesGrp/TotalAmt033237
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04233087730
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01100 MARKET STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHATTANOOGA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd037402
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt023315
IRS990/CashNonInterestBearingGrp/EOYAmt0119351
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt042793
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt012447
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt093812
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0149052
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt023807
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0326831
IRS990/CYGrantsAndSimilarPaidAmt06585
IRS990/CYInvestmentIncomeAmt02735934
IRS990/CYOtherExpensesAmt01248386
IRS990/CYOtherRevenueAmt028401
IRS990/CYProgramServiceRevenueAmt0182251
IRS990/CYRevenuesLessExpensesAmt01420349
IRS990/CYSalariesCompEmpBnftPaidAmt0598097
IRS990/CYTotalExpensesAmt01853068
IRS990/CYTotalFundraisingExpenseAmt0193781
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03273417
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/FundraisingAmt01629
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt019550
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0141737
IRS990/DepreciationDepletionGrp/TotalAmt0162916
IRS990/Desc0TECHTOWN IS A TECHNOLOGY AND ENTREPRENEURIAL LEARNING CENTER OFFERING YEAR-ROUND DURING AND AFTER-SCHOOL PROGRAMS AND SUMMER CAMPS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt044
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01129332
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020585
IRS990/FeesForServicesAccountingGrp/TotalAmt020585
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt089184
IRS990/FeesForServicesLegalGrp/TotalAmt089184
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt410.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt61706
IRS990/Form990PartVIISectionAGrp/PersonNm0HEATHER SVEADAS
IRS990/Form990PartVIISectionAGrp/PersonNm1MATTHEW MCLELLAND
IRS990/Form990PartVIISectionAGrp/PersonNm2J BRITTON TABOR
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL HARRELL
IRS990/Form990PartVIISectionAGrp/PersonNm4SREGINALD RUFF
IRS990/Form990PartVIISectionAGrp/PersonNm5LARRY BUIE
IRS990/Form990PartVIISectionAGrp/PersonNm6CORDELL CARTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6147346
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt02735934
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt06585
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt06585
IRS990/GrantsToDomesticOrgsGrp/TotalAmt06585
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03927806
IRS990/GrossReceiptsAmt04489096
IRS990/GrossRentsGrp/RealAmt012800
IRS990/GrossSalesOfInventoryAmt08137
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0926
IRS990/InformationTechnologyGrp/TotalAmt0926
IRS990/InventoriesForSaleOrUseGrp/BOYAmt023360
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03603
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0172156
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01586221
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0435146
IRS990/LandBldgEquipCostOrOtherBssAmt0607302
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01191872
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LEVELING THE PLAYING FIELD FOR YOUNG PEOPLE BY PROVIDING ACCESS TO A UNIQUE TECHNOLOGY AND ENTREPRENEURIAL LEARNING CENTER; CAREER AWARENESS OF THE UNLIMITED POSSIBILITIES IN TECHNOLOGY FIELDS; AND 21ST CENTURY WORKFORCE TRAINING VIA PROBLEM-BASED LEARNING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1135677
IRS990/NetAssetsOrFundBalancesEOYAmt0483962
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02735934
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02735934
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-15670
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-15670
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt012800
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt012800
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05159
IRS990/OccupancyGrp/ManagementAndGeneralAmt061911
IRS990/OccupancyGrp/ProgramServicesAmt0448852
IRS990/OccupancyGrp/TotalAmt0515922
IRS990/OfficeExpensesGrp/FundraisingAmt014
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt077453
IRS990/OfficeExpensesGrp/ProgramServicesAmt01321
IRS990/OfficeExpensesGrp/TotalAmt078788
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0400
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019791
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04936
IRS990/OtherEmployeeBenefitsGrp/TotalAmt025127
IRS990/OtherExpensesGrp/Desc0CONSULTING
IRS990/OtherExpensesGrp/Desc1MEALS AND ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3EMPLOYMENT COSTS
IRS990/OtherExpensesGrp/FundraisingAmt022150
IRS990/OtherExpensesGrp/FundraisingAmt1375
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0152816
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13232
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27268
IRS990/OtherExpensesGrp/ProgramServicesAmt061203
IRS990/OtherExpensesGrp/ProgramServicesAmt137074
IRS990/OtherExpensesGrp/ProgramServicesAmt211296
IRS990/OtherExpensesGrp/ProgramServicesAmt315995
IRS990/OtherExpensesGrp/TotalAmt0236169
IRS990/OtherExpensesGrp/TotalAmt140306
IRS990/OtherExpensesGrp/TotalAmt218564
IRS990/OtherExpensesGrp/TotalAmt316370
IRS990/OtherLiabilitiesGrp/BOYAmt02629731
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt031271
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031271
IRS990/OtherRevenueTotalAmt031271
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0110339
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028645
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0241175
IRS990/OtherSalariesAndWagesGrp/TotalAmt0380159
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt010296
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03671
IRS990/PayrollTaxesGrp/ProgramServicesAmt029792
IRS990/PayrollTaxesGrp/TotalAmt043759
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL HARRELL
IRS990/PriorPeriodAdjustmentsAmt0199290
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1EVENTS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0155082
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0155082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127169
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0505938
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01291827
IRS990/PYOtherRevenueAmt01021
IRS990/PYProgramServiceRevenueAmt0103358
IRS990/PYRevenuesLessExpensesAmt0-1135677
IRS990/PYSalariesCompEmpBnftPaidAmt0454167
IRS990/PYTotalExpensesAmt01745994
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0610317
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01420349
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt012800
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0197852
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0326832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0505938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0832770
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012800
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt012800
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0326038
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0303648
IRS990ScheduleA/SubstantialContributorsTotAmt0529122
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0326832
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0505938
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0832770
IRS990ScheduleA/TotalSupportAmt0845570
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt036998
IRS990ScheduleD/DonatedServicesUseFcltsAmt036998
IRS990ScheduleD/EquipmentGrp/BookValueAmt0427133
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0166814
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0593947
IRS990ScheduleD/ExpensesNotReportedAmt036998
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01853068
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08013
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05342
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013355
IRS990ScheduleD/RevenueNotReportedAmt036998
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03273417
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE REQUIREMENTS OF PROFESSIONAL LITERATURE IN ACCOUNTING FOR UNCERTAIN TAX POSITIONS. UNDER THE GUIDANCE, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION WITH TAXING AUTHORITIES. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNCERTAIN TAX POSITIONS. FOR THE YEAR ENDED DECEMBER 31, 2016, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN ITS FINANCIAL STATEMENTS. THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEAR ENDING 2015 IS SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER RETURNS ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0435146
IRS990ScheduleD/TotalExpensesPerForm990Amt01853068
IRS990ScheduleD/TotalRevenuePerForm990Amt03273417
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03310415
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01890066
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 SHALL BE PREPARED BY THE ACCOUNTING FIRM, THEN REVIEWED AND VERIFIED BY THE CEO, CFO OR EQUIVALENT, AND THE CHAIRMAN OF THE BOARD FOR REVIEW AND COMMENT. COMMENTS AND CHANGES, IF ANY ARE THEN MADE AND THE FORM 990 IS THEN PROVIDED IN EITHER ELECTRONIC OR PAPER FORM TO THE REMAINDER OF THE EXECUTIVE COMMITTEE OF THE BOARD FOR REVIEW. THE FINAL VERSION IS FILED WITH THE INTERNAL REVENUE SERVICE. COPIES OF THE COMPLETE 990 SHALL BE MAINTAINED BY THE CFO OR EQUIVALENT AND INDEPENDENT ACCOUNTING FIRM. ONLY PUBLIC DISCLOSURE COPIES WILL BE MAINTAINED AT TECHTOWN AND WILL BE MADE AVAILALBEL TO THE PUBLIC FOR INSPECTION ONLY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE POLICY ON AN ANNUAL BASIS AND SUBMIT TO THE BOARD CHAIR A SIGNED COPY OF THE CONFLICT OF INTEREST STATEMENT INDICATING ACCEPTANCE OF THE POLICY AND DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE WRITTEN WHISTLEBLOWER AND RETENTION AND DESTRUCTION POLICIES WERE ADOPTED IN 2016.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. THE EXECUTIVE COMMITTEE REVIEWS RESPONSIBILITIES AND PROPOSED SALARIES AND COMPARES TO OTHER COMPARABLE ORGANIZATIONS IN OUR AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
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 B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0146500
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01674696
IRS990/TotalAssetsEOYAmt0564573
IRS990/TotalAssetsGrp/BOYAmt01674696
IRS990/TotalAssetsGrp/EOYAmt0564573
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0326831
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0193781
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0529955
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01129332
IRS990/TotalFunctionalExpensesGrp/TotalAmt01853068
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02810373
IRS990/TotalLiabilitiesEOYAmt080611
IRS990/TotalLiabilitiesGrp/BOYAmt02810373
IRS990/TotalLiabilitiesGrp/EOYAmt080611
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1135677
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0483962
IRS990/TotalOtherCompensationAmt01706
IRS990/TotalProgramServiceExpensesAmt01129332
IRS990/TotalProgramServiceRevenueAmt0182251
IRS990/TotalReportableCompFromOrgAmt0147346
IRS990/TotalRevenueGrp/ExclusionAmt02748734
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0197852
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03273417
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01674696
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0564573
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03860
IRS990/TravelGrp/ProgramServicesAmt0694
IRS990/TravelGrp/TotalAmt04554
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1135677
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0337462
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01100 MARKET STREET
IRS990/USAddress/CityNm0CHATTANOOGA
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037402
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://GOTECHTOWN.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings