Civic Intelligence

Tech901

990 • Fiscal year 2015 • EIN 47-4244246

May 18, 2015 to Dec 31, 2015 • Filed on Jul 14, 2016

Organization ProfileTECH901.ORG
P O Box 771169Memphis, TN 38117-1169

(901) 881-2677

Siviq Scores

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

Liabilities / Assets

84th percentile

0.26x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

55th percentile

5.3%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

96th percentile

$70,087

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 28.6% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

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

Source year 2015

Revenue Growth

Score unavailable

No value available

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

Source year 2015

Balance Sheet
Liabilities / Assets84th percentile

Assets

$17,540

No earlier filing loaded for comparison.

Net Assets

$13,042

No earlier filing loaded for comparison.

Liabilities

$4,498

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin55th percentile

Revenue

$245,100

No earlier filing loaded for comparison.

Expenses

$232,058

No earlier filing loaded for comparison.

Net Income

$13,042

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $17,540Liabilities 2015: $4,498Net Assets 2015: $13,0422015Assets 2016: $862,814Liabilities 2016: $313,810Net Assets 2016: $549,0042016Assets 2017: $969,575Liabilities 2017: $24,828Net Assets 2017: $944,7472017Assets 2018: $1,201,472Liabilities 2018: $14,874Net Assets 2018: $1,186,5982018Assets 2019: $1,309,423Liabilities 2019: $39,524Net Assets 2019: $1,269,8992019Assets 2020: $1,277,677Liabilities 2020: $187,252Net Assets 2020: $1,090,4252020Assets 2021: $1,670,427Liabilities 2021: $33,035Net Assets 2021: $1,637,3922021Assets 2022: $1,497,206Liabilities 2022: $512,671Net Assets 2022: $984,5352022Assets 2023: $1,713,109Liabilities 2023: $416,743Net Assets 2023: $1,296,3662023Assets 2024: $1,464,188Liabilities 2024: $309,029Net Assets 2024: $1,155,1592024

Highlighted filing

2015

Assets$17,540
Liabilities$4,498
Net Assets$13,042
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MRevenue 2015: $245,100Expenses 2015: $232,058Net Income 2015: $13,0422015Revenue 2016: $1,146,280Expenses 2016: $610,318Net Income 2016: $535,9622016Revenue 2017: $1,506,944Expenses 2017: $1,111,201Net Income 2017: $395,7432017Revenue 2018: $1,440,566Expenses 2018: $1,198,715Net Income 2018: $241,8512018Revenue 2019: $1,434,591Expenses 2019: $1,351,290Net Income 2019: $83,3012019Revenue 2020: $1,199,952Expenses 2020: $1,379,426Net Income 2020: -$179,4742020Revenue 2021: $1,939,069Expenses 2021: $1,392,102Net Income 2021: $546,9672021Revenue 2022: $807,401Expenses 2022: $1,460,258Net Income 2022: -$652,8572022Revenue 2023: $1,843,681Expenses 2023: $1,531,850Net Income 2023: $311,8312023Revenue 2024: $1,481,895Expenses 2024: $1,623,102Net Income 2024: -$141,2072024

Highlighted filing

2015

Revenue$245,100
Expenses$232,058
Net Income$13,042
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
May 18, 2015 to Dec 31, 2015
Signed
Jul 14, 2016
Return Version
2015v2.1
Gross Receipts
$245,100
Mission and Program Overview

Mission

The organization's mission is to train current or potential memphians for a variety of information technology jobs and work with employers to increase the memphis technology job base. Tech901 was founded to provide vocational awareness-building, assessment, recruitment, and training referral and job opening data services for a range of technology careers.

Tech901 exists to train individuals for a variety of information technology jobs and to work with employers to increase the memphis technology job base.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$16,104-
Rtn Earn Endowment Incm Other Fnds$0$13,042▲ $13,042
Accounts Receivable-$1,436-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$17,540▲ $17,540
Liabilities
Accounts Payable and Accrued Expenses-$4,498-
Total Liabilities$0$4,498▲ $4,498
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$13,042▲ $13,042
Total Liabilities and Net Assets / Fund Balance$0$17,540▲ $17,540
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Steve DenegriCheif Operating OfficerFT$70,087$70,087
Robert MontagueExecutive DirectorFT$46,589$46,589

Board Members and Trustees

NameTitle
Tom MarinoPresident
David HarrisSecretary
David MontagueTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$245,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$245,100
Change in Net Assets
$13,042

Audited Revenue Reconciliation

Revenue per Audited Statements
$245,100
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$245,100
Total Revenue per Form 990
$245,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$151,677
Other Expenses$80,381
Total Fundraising Expense$8,668
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$101,505$9,338$5,834$116,677
Fees for Services Other$17,627$9,060$1,120$27,807
Other Salaries and Wages$22,943--$22,943
Office Expenses$10,408$2,961$694$14,063
Payroll Taxes$8,804$715$446$9,965
Occupancy$7,176$1,914$478$9,568
Insurance$2,587$301$76$2,964
Fees for Services Legal$2,208--$2,208
Other Employee Benefits$2,092--$2,092
Conferences and Meetings$1,642--$1,642
Fees for Services Accounting$1,547--$1,547
Advertising$302$81$20$403
Other Expenses$0$144-$144
Total Functional Expenses$189,451$33,939$8,668$232,058

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$232,058
Total Expenses per Audited Statements$232,058
Total Expenses per Form 990$232,058
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
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
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 A, Line 2

“David montague, treasurer, and robert montague, executive director, are brothers and board members of tech901.”

Form 990, Part VI, Section B, Line 11

“The return preparer provided a copy of the final version of form 990 to the board of directors for their review, consideration, comments and suggestions and final approval before the return was filed.”

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

“Directors and officers are required to update an annual conflict of interest statement as required by the adopted policy. The policy requires a board member to provide relevant information to the full board if the affected board member believes that a potential conflict has arisen with the potential conflict resolved by a vote of the full board exclusive of the member in question.”

Form 990, Part VI, Section B, Line 15

“The board of directors considered the compensation from other organizations in the memphis area in like positions and made a determination of the compensation for all employees.”

Form 990, Part VI, Section C, Line 19

“Tech901 has available for public inspection all required documents in a separate binder marked "open for public inspection and will provide the information for review upon request.”

Filing and Contact Details

Filer

Filer Name
Tech901
EIN
47-4244246
Phone
9018812677
Address
P O BOX 771169, MEMPHIS, TN 38117-1169

Signing Officer

Name
Steve Denegri
Title
Cheif Operating Officer
Phone
9018812677
Signed
2016-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Denegri
Formed
2015
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
2
Employees
3
Volunteers
3

Preparer

Firm
Brundige Payne and Company Pc
Address
700 COLONIAL ROAD SUITE 220, MEMPHIS, TN 38117-5156
Preparer
Richard L Webb CPA
Phone
9016834234
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees: program service expenses 17,627. Management and general expenses 9,060. Fundraising expenses 1,120. Total expenses 27,807.”

FORM 990, PART XII, LINE 2C:

“During the year, the organization has not changed its oversight or selection process of the independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america requires management of the organization to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. Management of the organization has analyzed the tax positions taken by the organization and has concluded that, as of december 31, 2015, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods.”

Raw XML Appendix352 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT OF THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2015, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0232058
IRS990ScheduleD/TotalRevenuePerForm990Amt0245100
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0245100
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0232058
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID MONTAGUE, TREASURER, AND ROBERT MONTAGUE, EXECUTIVE DIRECTOR, ARE BROTHERS AND BOARD MEMBERS OF TECH901.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW, CONSIDERATION, COMMENTS AND SUGGESTIONS AND FINAL APPROVAL BEFORE THE RETURN WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS AND OFFICERS ARE REQUIRED TO UPDATE AN ANNUAL CONFLICT OF INTEREST STATEMENT AS REQUIRED BY THE ADOPTED POLICY. THE POLICY REQUIRES A BOARD MEMBER TO PROVIDE RELEVANT INFORMATION TO THE FULL BOARD IF THE AFFECTED BOARD MEMBER BELIEVES THAT A POTENTIAL CONFLICT HAS ARISEN WITH THE POTENTIAL CONFLICT RESOLVED BY A VOTE OF THE FULL BOARD EXCLUSIVE OF THE MEMBER IN QUESTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS CONSIDERED THE COMPENSATION FROM OTHER ORGANIZATIONS IN THE MEMPHIS AREA IN LIKE POSITIONS AND MADE A DETERMINATION OF THE COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TECH901 HAS AVAILABLE FOR PUBLIC INSPECTION ALL REQUIRED DOCUMENTS IN A SEPARATE BINDER MARKED "OPEN FOR PUBLIC INSPECTION AND WILL PROVIDE THE INFORMATION FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTING FEES: PROGRAM SERVICE EXPENSES 17,627. MANAGEMENT AND GENERAL EXPENSES 9,060. FUNDRAISING EXPENSES 1,120. TOTAL EXPENSES 27,807.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DURING THE YEAR, THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt017540
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt017540
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0245100
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08668
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033939
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0189451
IRS990/TotalFunctionalExpensesGrp/TotalAmt0232058
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt04498
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt04498
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013042
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0189451
IRS990/TotalReportableCompFromOrgAmt0116676
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0245100
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017540
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 771169
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd0381171169
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0TECH901.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE DENEGRI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHEIF OPERATING OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum09018812677
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TECH901
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0(FORMERLY MEMPHIS ACADEMY OF TECHNOLOGY)
ReturnHeader/Filer/BusinessNameControlTxt0TECH
ReturnHeader/Filer/EIN0474244246
ReturnHeader/Filer/PhoneNum09018812677
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 771169
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0381171169
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621174696
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRUNDIGE PAYNE AND COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0700 COLONIAL ROAD SUITE 220
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381175156
ReturnHeader/PreparerPersonGrp/PhoneNum09016834234
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD L WEBB CPA
ReturnHeader/ReturnTs02016-07-21T09:13:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-05-18
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,540
Liabilities
$4,498
Net assets
$13,042
Revenue
$245,100
Expenses
$232,058
Net income
$13,042
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.46$0.31$1.16$1.48$1.62$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.71$0.42$1.30$1.84$1.53$0.31
2022Detailed filing. Detailed filing data is available for this year.$1.50$0.51$0.98$0.81$1.46$0.65
2021Detailed filing. Detailed filing data is available for this year.$1.67$0.03$1.64$1.94$1.39$0.55
2020Detailed filing. Detailed filing data is available for this year.$1.28$0.19$1.09$1.20$1.38$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.31$0.04$1.27$1.43$1.35$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.01$1.19$1.44$1.20$0.24
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.02$0.94$1.51$1.11$0.40
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.31$0.55$1.15$0.61$0.54
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.01$0.25$0.23$0.01
Peer Organizations

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