Civic Intelligence

North Carolina Technology Association

EIN 56-1821165 • 501(c)6 • Raleigh, NC

View Organization Page

Profile

To promote the electronics and inofrmation technology industries throughout north carolina through educational seminars, programs, newsletters and government monitoring.

4020 Westchase Boulevard 350Raleigh, NC 27607

www.nctech.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.80x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

0.66x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

19th percentile

-6.4%

Higher net margin than 19% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

52nd percentile

6.2%

Faster asset growth than 52% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

50th percentile

6.8%

Faster revenue growth than 50% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,525,935

Up $190,299 (+14%) from 2023

Liabilities

Up

$1,216,360

Up $307,497 (+34%) from 2023

Net Assets

Down

$309,575

Down $117,198 (-27%) from 2023

Operations
Liabilities / Revenue89th percentileNet Margin19th percentile

Revenue

Up

$1,842,732

Up $65,809 (+3.7%) from 2023

Expenses

Up

$1,959,930

Up $122,276 (+6.7%) from 2023

Net Income

Down

-$117,198

Down $56,467 (-93%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $514,924Liabilities 2011: $51,009Net Assets 2011: $463,9152011Assets 2012: $670,357Liabilities 2012: $36,541Net Assets 2012: $633,8162012Assets 2014: $1,140,372Liabilities 2014: $116,667Net Assets 2014: $1,023,7052014Assets 2015: $682,224Liabilities 2015: $646,659Net Assets 2015: $35,5652015Assets 2016: $859,960Liabilities 2016: $639,344Net Assets 2016: $220,6162016Assets 2017: $948,133Liabilities 2017: $610,984Net Assets 2017: $337,1492017Assets 2018: $1,119,812Liabilities 2018: $611,874Net Assets 2018: $507,9382018Assets 2019: $1,052,496Liabilities 2019: $492,802Net Assets 2019: $559,6942019Assets 2020: $1,201,698Liabilities 2020: $685,438Net Assets 2020: $516,2602020Assets 2021: $1,304,382Liabilities 2021: $759,874Net Assets 2021: $544,5082021Assets 2022: $1,353,934Liabilities 2022: $866,430Net Assets 2022: $487,5042022Assets 2023: $1,335,636Liabilities 2023: $908,863Net Assets 2023: $426,7732023Assets 2024: $1,525,935Liabilities 2024: $1,216,360Net Assets 2024: $309,5752024

Highlighted filing

2024

Assets$1,525,935
Liabilities$1,216,360
Net Assets$309,575
Open 2024 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,340,374Expenses 2011: $1,179,546Net Income 2011: $160,8282011Revenue 2012: $1,480,709Expenses 2012: $1,310,808Net Income 2012: $169,9012012Revenue 2014: $1,580,019Expenses 2014: $1,414,591Net Income 2014: $165,4282014Revenue 2015: $1,746,292Expenses 2015: $1,539,836Net Income 2015: $206,4562015Revenue 2016: $1,487,517Expenses 2016: $1,312,646Net Income 2016: $174,8712016Revenue 2017: $1,514,509Expenses 2017: $1,397,976Net Income 2017: $116,5332017Revenue 2018: $1,804,594Expenses 2018: $1,633,805Net Income 2018: $170,7892018Revenue 2019: $1,594,482Expenses 2019: $1,542,726Net Income 2019: $51,7562019Revenue 2020: $1,462,380Expenses 2020: $1,505,814Net Income 2020: -$43,4342020Revenue 2021: $1,458,106Expenses 2021: $1,429,858Net Income 2021: $28,2482021Revenue 2022: $1,615,947Expenses 2022: $1,672,951Net Income 2022: -$57,0042022Revenue 2023: $1,776,923Expenses 2023: $1,837,654Net Income 2023: -$60,7312023Revenue 2024: $1,842,732Expenses 2024: $1,959,930Net Income 2024: -$117,1982024

Highlighted filing

2024

Revenue$1,842,732
Expenses$1,959,930
Net Income-$117,198
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,525,935
Liabilities
$1,216,360
Net assets
$309,575
Revenue
$1,842,732
Expenses
$1,959,930
Net income
-$117,198
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$1.22$0.31$1.84$1.96$0.12
2023Detailed filing. Detailed filing data is available for this year.$1.34$0.91$0.43$1.78$1.84$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.35$0.87$0.49$1.62$1.67$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.76$0.54$1.46$1.43$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.20$0.69$0.52$1.46$1.51$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.49$0.56$1.59$1.54$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.12$0.61$0.51$1.80$1.63$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.95$0.61$0.34$1.51$1.40$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.64$0.22$1.49$1.31$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.65$0.04$1.75$1.54$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.14$0.12$1.02$1.58$1.41$0.17
2012Summary only. Only limited summary data is available for this year.$0.67$0.04$0.63$1.48$1.31$0.17
2011Summary only. Only limited summary data is available for this year.$0.51$0.05$0.46$1.34$1.18$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 7, 2025
Return Version
2024v5.2
Gross Receipts
$2,286,669
Mission and Program Overview

Mission

To promote the electronics and inofrmation technology industries throughout north carolina through educational seminars, programs, newsletters and government monitoring.

To promote the electronics and information technology industries throughout north carolina through educational seminars, programs, newsletters and government monitoring.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$419,651$540,182▲ $120,531
Accounts Receivable$322,005$437,911▲ $115,906
Prepaid Expenses and Deferred Charges$168,948$117,248▼ $51,700
Pledges and Grants Receivable$100,000--
Land, Buildings, and Equipment, Net$1,052$64,017▲ $62,965
Cash and Non-Interest-Bearing Accounts$185,127$43,488▼ $141,639
Total Assets$1,335,636$1,525,935▲ $190,299
Other Assets Total$138,853$323,089▲ $184,236
Liabilities
Other Liabilities$343,880$477,340▲ $133,460
Deferred Revenue$361,125$396,250▲ $35,125
Accounts Payable and Accrued Expenses$60,399$203,052▲ $142,653
Mortgage Notes Payable Secured by Investment Property$143,459$139,718▼ $3,741
Total Liabilities$908,863$1,216,360▲ $307,497
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$326,773$262,738▼ $64,035
Net Assets With Donor Restrictions$100,000$46,837▼ $53,163
Total Net Assets Fund Balance$426,773$309,575▼ $117,198
Total Liabilities and Net Assets / Fund Balance$1,335,636$1,525,935▲ $190,299

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,017$12,203$76,220
Other Assets Org$318,131--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brooks RaifordPresidentFT$490,487$32,700$523,187
Michelle CaltonVice PresidentFT$128,535$21,373$149,908
Tracy SternbergDirector Programs/sponsorsFT$105,949$18,283$124,232

Board Members and Trustees

NameTitle
Brian GregoryChair
Natalie BattenImmediate Past Chair
Arthur PhiddMember
Bojan CukicMember
Brian BakerMember
Brian MoffettMember
Byron KirklandMember
Chris DownieMember
Chuck KeslerMember
Clay HarrisMember
Dan MintoMember
Dede RamonedaMember
Dewayne SouthernMember
Eban ScanlanMember
Joan SmemoeMember
John HeatonMember
Kamala SubramaniamMember
Kevin WalkerMember
Laurie SchaeferMember
Mark DirksMember
Mark WrightMember
Paul ChunnMember
Rama KandalaMember
Richard MaMember
Ryan MccurdyMember
Sean HayesMember
Tamra FrenchMember
Tom JacobikMember
Trish HalleyMember
Larry RobbinsSecretary
Ron Wainwright JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,103,513
Program Service Revenue
$283,841
Investment Income
$19,891
Other Revenue
$435,487
Change in Net Assets
$-117,198

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,842,732
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$533,043
Total Revenue per Audited Statements
$2,375,775
Total Revenue per Form 990
$1,842,732
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,296,224
Other Expenses$663,706
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$511,487$161,607-$673,094
Other Salaries and Wages$328,886$119,073-$447,959
Occupancy$81,389$30,103-$111,492
Fees for Services Other$71,854$22,703-$94,557
Information Technology-$89,396-$89,396
Other Employee Benefits$58,222$18,395-$76,617
Payroll Taxes$51,074$16,137-$67,211
Office Expenses$22,515$43,145-$65,660
Fees for Services Lobbying$55,262--$55,262
Other Expenses$37,797$40,000-$37,797
Pension Plan Contributions$23,818$7,525-$31,343
Fees for Services Accounting-$20,050-$20,050
Travel$13,886$4,388-$18,274
Depreciation Depletion$7,311$2,704-$10,015
All Other Expenses-$9,360-$9,360
Interest-$3,951-$3,951
Advertising-$1,015-$1,015
Total Functional Expenses$1,311,606$648,324$0$1,959,930

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,492,973
Expenses per Audited Statements$1,959,930
Total Expenses per Form 990$1,959,930
Expenses Not Reported on Form 990$533,043
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$867,415
Fundraising Direct Expenses$443,298
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Nc Tech Awards Gala$210,260$210,260$6,037$204,223
State of Technology$146,950$146,950$4,561$142,389
Total Events$867,415$867,415$443,298$424,117
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$55,262
Political Expenditures$55,262
Total Nondeductible Lobbying and Political Cost$55,262
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$342,337
Accrued Payroll$135,003
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 B, Line 11B

“The treasurer and president are given a draft copy of the 990 to review for accuracy and completeness.”

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

“During 2010 the association adopted a written conflict of interest policy. As well as a written whistleblower policy and a document retention and destruction policy. The board monitors conflict of interest matters through regular board meetings and related communication with board members.”

Form 990, Part VI, Section B, Line 15

“The process for determining compensation of officer's included input from an independent employment solutions & consulting company.”

Form 990, Part VI, Section C, Line 19

“Available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
North Carolina Technology Association
EIN
56-1821165
Phone
9198560393
Address
4020 WESTCHASE BOULEVARD 350, RALEIGH, NC 27607

Signing Officer

Name
Brooks Raiford
Title
President
Phone
9198560393
Signed
2025-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brooks Raiford
Formed
1993
Legal Domicile
Nc
Voting Board Members
25
Independent Board Members
25
Employees
12
Volunteers
200

Preparer

Firm
Thomas Judy & Tucker Pa
Address
404 HUNT STREET SUITE 100, DURHAM, NC 27701
Preparer
Kristen Hoyle CPA
Phone
9195717055
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“There have been no changes to the process from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the association and recognize a tax liability (or asset) if the association has taken an uncertain tax position that more likely than not would be sustained upon examination by the applicable authorities. Management has analyzed the tax positions taken by the association, and has concluded that as of december 31, 2024, 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 association is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 443,298.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 443,298.”

Raw XML AppendixShowing 400 of 738 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/Form990PartVIISectionAGrp/TitleTxt30MEMBER
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IRS990/MissionDesc0TO PROMOTE THE ELECTRONICS AND INOFRMATION TECHNOLOGY INDUSTRIES THROUGHOUT NORTH CAROLINA THROUGH EDUCATIONAL SEMINARS, PROGRAMS, NEWSLETTERS AND GOVERNMENT MONITORING.
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