Civic Intelligence

New Century Technology Council Inc

990 • Fiscal year 2019 • EIN 54-1897618

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 02, 2020

Organization ProfileWWW.RBTC.TECH
2200 Kraft DriveBlacksburg, VA 24060

(540) 443-9232

Siviq Scores

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

Liabilities / Assets

94th percentile

0.73x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.16x

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

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Net Margin

59th percentile

6.4%

Higher net margin than 59% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

48th percentile

$41,143

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2019

Asset Growth

95th percentile

62%

Faster asset growth than 95% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

82nd percentile

20%

Faster revenue growth than 82% of similar nonprofits.

2019 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$143,013

Up $54,778 (+62%) from 2018

Net Assets

Up

$38,593

Up $62,060 (+264%) from 2018

Liabilities

Down

$104,420

Down $7,282 (-6.5%) from 2018

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin59th percentile

Revenue

Up

$638,621

Up $105,251 (+20%) from 2018

Expenses

Down

$597,811

Down $17,145 (-2.8%) from 2018

Net Income

Up

$40,810

Up $122,396 (+150%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$200K$100K$0-$100KAssets 2010: $65,285Liabilities 2010: $3,507Net Assets 2010: $61,7782010Assets 2011: $100,663Liabilities 2011: $26,846Net Assets 2011: $73,8172011Assets 2012: $112,717Liabilities 2012: $41,127Net Assets 2012: $71,5902012Assets 2013: $191,363Liabilities 2013: $67,587Net Assets 2013: $123,7762013Assets 2014: $133,106Liabilities 2014: $16,138Net Assets 2014: $116,9682014Assets 2015: $142,068Liabilities 2015: $26,459Net Assets 2015: $115,6092015Assets 2016: $116,394Liabilities 2016: $25,762Net Assets 2016: $90,6322016Assets 2017: $105,629Liabilities 2017: $47,510Net Assets 2017: $58,1192017Assets 2018: $88,235Liabilities 2018: $111,702Net Assets 2018: -$23,4672018Assets 2019: $143,013Liabilities 2019: $104,420Net Assets 2019: $38,5932019Assets 2020: $165,547Liabilities 2020: $89,605Net Assets 2020: $75,9422020Assets 2021: $174,552Liabilities 2021: $76,324Net Assets 2021: $98,2282021Assets 2022: $106,949Liabilities 2022: $99,796Net Assets 2022: $7,1532022Assets 2023: $177,728Liabilities 2023: $93,811Net Assets 2023: $83,9172023

Highlighted filing

2019

Assets$143,013
Liabilities$104,420
Net Assets$38,593
Open 2019 Filing

Operations Trend

Revenue Growth82nd percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $291,7862010Revenue 2011: $318,714Expenses 2011: $306,675Net Income 2011: $12,0392011Revenue 2012: $326,308Expenses 2012: $328,535Net Income 2012: -$2,2272012Revenue 2013: $400,327Expenses 2013: $348,141Net Income 2013: $52,1862013Revenue 2014: $385,439Expenses 2014: $392,247Net Income 2014: -$6,8082014Revenue 2015: $424,779Expenses 2015: $424,083Net Income 2015: $6962015Revenue 2016: $360,797Expenses 2016: $385,774Net Income 2016: -$24,9772016Revenue 2017: $357,939Expenses 2017: $390,452Net Income 2017: -$32,5132017Revenue 2018: $533,370Expenses 2018: $614,956Net Income 2018: -$81,5862018Revenue 2019: $638,621Expenses 2019: $597,811Net Income 2019: $40,8102019Revenue 2020: $477,301Expenses 2020: $470,652Net Income 2020: $6,6492020Revenue 2021: $590,380Expenses 2021: $568,074Net Income 2021: $22,3062021Revenue 2022: $344,310Expenses 2022: $435,385Net Income 2022: -$91,0752022Revenue 2023: $512,311Expenses 2023: $435,547Net Income 2023: $76,7642023

Highlighted filing

2019

Revenue$638,621
Expenses$597,811
Net Income$40,810
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 2, 2020
Return Version
2019v5.0
Gross Receipts
$638,621
Mission and Program Overview

Mission

To serve and promote the technolgy industry for the purpose of driving prosperity and to champion a climate for the sustainable success of technology-based businesses in the region. We recognize and work to support the following key drivers that influence the success and growth of the region's technology industries:building strong local networksfacilitating connections to regional educational institutionspromoting supportive infrastructure and resourcespromoting diverse sources of capitalsupporting an entrepreneur and technology friendly environment

Foster a climate for sustainable success of technology based business in western virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$73,314$110,498▲ $37,184
Rtn Earn Endowment Incm Other Fnds$-23,467$38,593▲ $62,060
Cash and Non-Interest-Bearing Accounts$2,526$13,893▲ $11,367
Savings and Temporary Cash Investments$333$10,091▲ $9,758
Prepaid Expenses and Deferred Charges$12,062$8,531▼ $3,531
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$88,235$143,013▲ $54,778
Other Assets Total-$0-
Liabilities
Deferred Revenue$74,182$88,129▲ $13,947
Accounts Payable and Accrued Expenses$37,520$16,291▼ $21,229
Total Liabilities$111,702$104,420▼ $7,282
Net Assets / Fund Balance
Total Net Assets Fund Balance$-23,467$38,593▲ $62,060
Total Liabilities and Net Assets / Fund Balance$88,235$143,013▲ $54,778

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$9,326$9,326
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John PhillipsExecutive DirectorFT$41,143$41,143

Board Members and Trustees

NameTitle
Kevin BloomfieldCo-chair
Patrick PattersonCo-chair
Amy AnkrumBoard Member
Barbara SchleiderBoard Member
Beth ShermanBoard Member
Bob StolleBoard Member
Brian SollerBoard Member
Clark WorthyBoard Member
Craig ParrentBoard Member
Danny KempBoard Member
Greg FeldmannBoard Member
Jeff SmithBoard Member
Joe MeredithBoard Member
Kathy ClaytorBoard Member
Marjorie TenzerBoard Member
Sean PetersBoard Member
Steve CritchfieldBoard Member
Tyler ClontzBoard Member
Wayne StricklandBoard Member
Henry BassDirector
Beth WallerSecretary
Donald DeedsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$305,980
Program Service Revenue
$332,638
Investment Income
$3
Other Revenue
$0
All Other Contributions
$156,457
Change in Net Assets
$40,810
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$347,987
Salaries, Compensation, and Employee Benefits$249,824
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$185,290
Fees for Services Management---$99,199
Current Officers, Directors, Trustees, and Key Employees---$41,143
All Other Expenses---$34,835
Other Expenses---$20,010
Payroll Taxes---$18,778
Occupancy---$13,570
Office Expenses---$5,495
Other Employee Benefits---$4,613
Insurance---$2,021
Total Functional Expenses$0$0$0$597,811
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bloomfield Partners LLCContract WorkConsulting ServicesNo$36,938

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is reviewed by the executive director and the executive committee of the board before filing with the irs.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“A review for the compensation (base salary and commission percentages) forthe executive director is completed by the executive committee each yearduring the review of the annual budget and is then approved with the budgetapproval at the board of directors meeting in january. Quarterly bonusesfor the executive director are approved by the president of the corporationon a quarterly basis.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“All governing documents are available for public inspection upon request toan officer/executive director or operations manager in our offices, mondaythrough friday, during normal business hours.”

Filing and Contact Details

Filer

Filer Name
New Century Technology Council Inc
EIN
54-1897618
Phone
5404439232
Address
2200 KRAFT DRIVE, BLACKSBURG, VA 24060

Signing Officer

Name
John Phillips
Title
President & CEO
Signed
2020-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Phillips
Formed
1998
Legal Domicile
Va
Voting Board Members
23
Independent Board Members
21
Employees
6
Volunteers
100

Preparer

Firm
Foti Flynn Lowen & Co PC
Address
PO Box 12765, Roanoke, VA 24028-2765
Preparer
Bradley J Davis CPA
Phone
5403449246
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services

“Fall gala is no longer a program service.”

Form 990, Part III, Line 4D: Other Program Services Description

“Other program services 4: other miscellaneous programs”

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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$143,013
Liabilities
$104,420
Net assets
$38,593
Revenue
$638,621
Expenses
$597,811
Net income
$40,810
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.78$0.94$0.84$5.12$4.36$0.77
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$1.00$0.07$3.44$4.35$0.91
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.76$0.98$5.90$5.68$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.90$0.76$4.77$4.71$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.43$1.04$0.39$6.39$5.98$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$1.12$0.23$5.33$6.15$0.82
2017Summary only. Only limited summary data is available for this year.$1.06$0.48$0.58$3.58$3.90$0.33
2016Summary only. Only limited summary data is available for this year.$1.16$0.26$0.91$3.61$3.86$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.42$0.26$1.16$4.25$4.24$0.01
2014Summary only. Only limited summary data is available for this year.$1.33$0.16$1.17$3.85$3.92$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.91$0.68$1.24$4.00$3.48$0.52
2012Summary only. Only limited summary data is available for this year.$1.13$0.41$0.72$3.26$3.29$0.02
2011Summary only. Only limited summary data is available for this year.$1.01$0.27$0.74$3.19$3.07$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.04$0.62$2.92