Civic Intelligence

Tech901

990 • Fiscal year 2021 • EIN 47-4244246

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 23, 2022

Organization ProfileTECH901.ORG
1350 Concourse Avenue Ste 375Memphis, TN 38104

(901) 881-2677

Siviq Scores

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

Liabilities / Assets

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

72nd percentile

28%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

84th percentile

$145,121

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

78th percentile

31%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

80th percentile

62%

Faster revenue growth than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$1,670,427

Up $392,750 (+31%) from 2020

Net Assets

Up

$1,637,392

Up $546,967 (+50%) from 2020

Liabilities

Down

$33,035

Down $154,217 (-82%) from 2020

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin72nd percentile

Revenue

Up

$1,939,069

Up $739,117 (+62%) from 2020

Expenses

Up

$1,392,102

Up $12,676 (+0.9%) from 2020

Net Income

Up

$546,967

Up $726,441 (+405%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

2021

Assets$1,670,427
Liabilities$33,035
Net Assets$1,637,392
Open 2021 Filing

Operations Trend

Revenue Growth80th percentile

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

2021

Revenue$1,939,069
Expenses$1,392,102
Net Income$546,967
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 23, 2022
Return Version
2021v4.2
Gross Receipts
$1,939,069
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's mission is 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$611,074$1,052,004▲ $440,930
Land, Buildings, and Equipment, Net$639,782$618,423▼ $21,359
Accounts Receivable$26,821$0▼ $26,821
Total Assets$1,277,677$1,670,427▲ $392,750
Liabilities
Unsecured Notes Loans Payable$156,600--
Accounts Payable and Accrued Expenses$15,892$18,996▲ $3,104
Deferred Revenue$14,760$14,039▼ $721
Total Liabilities$187,252$33,035▼ $154,217
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,017,925$1,526,392▲ $508,467
Net Assets With Donor Restrictions$72,500$111,000▲ $38,500
Total Net Assets Fund Balance$1,090,425$1,637,392▲ $546,967
Total Liabilities and Net Assets / Fund Balance$1,277,677$1,670,427▲ $392,750

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$574,840$187,117$761,957
Equipment$43,583$13,392$56,975
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve DenegriChief Operating OfficerFT$125,053$20,068$145,121
Jennifer L CarmichaelDirector of MarketingFT$106,007$3,600$109,607
Robert MontagueExecutive DirectorFT$72,152$14,392$86,544

Board Members and Trustees

NameTitle
Tom MarinoPresident
Charles ElliottDirector
Jennifer KrouseDirector
Michelle EppsDirector
David HarrisSecretary
David MontagueTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Crosstown Master Tenant LLCLandlord5101 WHEELIS DRIVE SUITE 320, Memphis, TN 38117$130,644
Revenue and Support

Revenue Composition

Contributions and Grants
$1,873,806
Program Service Revenue
$65,263
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,717,206
Change in Net Assets
$546,967

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,939,069
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,939,069
Total Revenue per Form 990
$1,939,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,011,115
Other Expenses$380,987
Total Fundraising Expense$41,896
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$591,842--$591,842
Current Officers, Directors, Trustees, and Key Employees$211,605$17,193$17,193$245,991
Occupancy$97,983$26,129$6,532$130,644
Other Employee Benefits$105,416$2,552$2,552$110,520
Payroll Taxes$53,702$1,315$1,315$56,332
Depreciation Depletion$23,095$23,095-$46,190
Advertising$33,908$9,042$2,261$45,211
Office Expenses$17,137$14,227$1,906$33,270
Fees for Services Accounting$11,684$11,684-$23,368
Fees for Services Lobbying$20,450--$20,450
Fees for Services Other$2,102$2,102$8,500$12,704
Insurance$4,844$1,292$323$6,459
Pension Plan Contributions$6,080$175$175$6,430
Conferences and Meetings$2,713--$2,713
Other Expenses$690$1,200$1,139$1,890
All Other Expenses-$727-$727
Fees for Services Legal$270$270-$540
Total Functional Expenses$1,231,882$118,324$41,896$1,392,102

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,392,102
Total Expenses per Audited Statements$1,392,102
Total Expenses per Form 990$1,392,102
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
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 board member of tech901 and robert montague, executive director of tech901, are brothers.”

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

“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
1350 CONCOURSE AVENUE STE 375, MEMPHIS, TN 38104

Signing Officer

Name
Steve Denegri
Title
Chief Operating Officer
Phone
9018812677
Signed
2022-06-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Denegri
Formed
2015
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
5
Employees
10
Volunteers
0

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard L Webb CPA
Phone
9016834234
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“Although the organization does not have a separate committee that provides oversight of the audit process, the full board reviews and approves the audit report before it is issued. The organization has not changed its selection process for the independent accountants.”

Financial Statement Notes

PART X, LINE 2:

“Tech901 follows the accounting guidance for uncertainty in income taxes using the provisions of fasb asc topic 740, income taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. The organization has concluded that there are no significant uncertain tax positions requiring disclosure and there are no material amounts of unrecognized tax benefits. The organization's evaluation was performed for tax years ended december 31, 2018 through december 31, 2021, the years that remain subject to examination by major tax jurisdictions as of december 31, 2021.”

Raw XML AppendixShowing 400 of 469 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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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01017925
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01526392
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt06532
IRS990/OccupancyGrp/ManagementAndGeneralAmt026129
IRS990/OccupancyGrp/ProgramServicesAmt097983
IRS990/OccupancyGrp/TotalAmt0130644
IRS990/OfficeExpensesGrp/FundraisingAmt01906
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014227
IRS990/OfficeExpensesGrp/ProgramServicesAmt017137
IRS990/OfficeExpensesGrp/TotalAmt033270
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02552
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02552
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0105416
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0110520
IRS990/OtherExpensesGrp/Desc0TEXTBOOKS & TECHING TOO
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt01139
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04557
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12764
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21200
IRS990/OtherExpensesGrp/ProgramServicesAmt031271
IRS990/OtherExpensesGrp/ProgramServicesAmt117090
IRS990/OtherExpensesGrp/ProgramServicesAmt2690
IRS990/OtherExpensesGrp/TotalAmt031271
IRS990/OtherExpensesGrp/TotalAmt122786
IRS990/OtherExpensesGrp/TotalAmt22764
IRS990/OtherExpensesGrp/TotalAmt31890
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0591842
IRS990/OtherSalariesAndWagesGrp/TotalAmt0591842
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01315
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01315
IRS990/PayrollTaxesGrp/ProgramServicesAmt053702
IRS990/PayrollTaxesGrp/TotalAmt056332
IRS990/PensionPlanContributionsGrp/FundraisingAmt0175
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0175
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06080
IRS990/PensionPlanContributionsGrp/TotalAmt06430
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEVE DENEGRI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611420
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt065263
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt065263
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01135730
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0354228
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt064222
IRS990/PYRevenuesLessExpensesAmt0-179474
IRS990/PYSalariesCompEmpBnftPaidAmt01025198
IRS990/PYTotalExpensesAmt01379426
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01199952
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0546967
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt065263
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01873806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01135730
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01341042
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01363094
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01462217
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07175889
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0129485
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92780
IRS990ScheduleA/PublicSupportPY170Pct00.98430
IRS990ScheduleA/PublicSupportTotal170Amt06657443
IRS990ScheduleA/SubstantialContributorsTotAmt0518446
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01873806
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01135730
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01341042
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01363094
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01462217
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07175889
IRS990ScheduleA/TotalSupportAmt07175889
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
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt053553
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt053553
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0214210
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0214210
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt020450
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt020450
IRS990ScheduleC/GrassrootsCeilingAmt080330
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt053553
IRS990ScheduleC/LobbyingCeilingAmt0321315
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0214210
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01371652
IRS990ScheduleC/PoliticalExpendituresAmt00
IRS990ScheduleC/Section4955ManagersTaxAmt00
IRS990ScheduleC/Section4955OrganizationTaxAmt00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0TECH901 CONTRACTED THE STONE RIVER GROUP, LLC, A PUBLIC-AFFAIRS FIRM, TO HELP WITH GOVERNMENT RELATIONS REGARDING FUTURE STATE LEGISLATION THAT COULD POSITIVELY AFFECT TECH901'S PROGRAMS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE C, PART II-A, LINE 1B:
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt020450
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01392102
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt020450
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/VolunteerHoursCnt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt043583
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013392
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt056975
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01392102
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0574840
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0187117
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0761957
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01939069
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TECH901 FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED DECEMBER 31, 2018 THROUGH DECEMBER 31, 2021, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0618423
IRS990ScheduleD/TotalExpensesPerForm990Amt01392102
IRS990ScheduleD/TotalRevenuePerForm990Amt01939069
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01939069
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01392102
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAVID MONTAGUE, TREASURER AND BOARD MEMBER OF TECH901 AND ROBERT MONTAGUE, EXECUTIVE DIRECTOR OF TECH901, ARE BROTHERS.
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/ExplanationTxt5ALTHOUGH THE ORGANIZATION DOES NOT HAVE A SEPARATE COMMITTEE THAT PROVIDES OVERSIGHT OF THE AUDIT PROCESS, THE FULL BOARD REVIEWS AND APPROVES THE AUDIT REPORT BEFORE IT IS ISSUED. THE ORGANIZATION HAS NOT CHANGED ITS SELECTION PROCESS FOR THE INDEPENDENT ACCOUNTANTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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 XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01277677
IRS990/TotalAssetsEOYAmt01670427
IRS990/TotalAssetsGrp/BOYAmt01277677
IRS990/TotalAssetsGrp/EOYAmt01670427
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01873806
IRS990/TotalEmployeeCnt010

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,670,427
Liabilities
$33,035
Net assets
$1,637,392
Revenue
$1,939,069
Expenses
$1,392,102
Net income
$546,967
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