Civic Intelligence

Technology Association of Grantmakers Inc.

990 • Fiscal year 2019 • EIN 56-2558836

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 25, 2020

1 North State Street Suite 1500Chicago, IL 60602

(312) 772-6809

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

0.00x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

77th percentile

20%

Faster asset growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$659,319

Up $107,979 (+20%) from 2018

Net Assets

Up

$656,819

Up $105,479 (+19%) from 2018

Liabilities

Up

$2,500

Up $2,500 from 2018

Revenue

Up

$823,294

Up $285,912 (+53%) from 2018

Expenses

Down

$717,815

Down $8,161 (-1.1%) from 2018

Net Income

Up

$105,479

Up $294,073 (+156%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $300,782Liabilities 2011: $0Net Assets 2011: $300,7822011Assets 2012: $315,707Liabilities 2012: $0Net Assets 2012: $315,7072012Assets 2013: $514,181Liabilities 2013: $4,449Net Assets 2013: $509,7322013Assets 2014: $691,040Liabilities 2014: $8,234Net Assets 2014: $682,8062014Assets 2015: $694,044Liabilities 2015: $6,618Net Assets 2015: $687,4262015Assets 2016: $795,061Liabilities 2016: $346Net Assets 2016: $794,7152016Assets 2017: $744,032Liabilities 2017: $4,098Net Assets 2017: $739,9342017Assets 2018: $551,340Liabilities 2018: $0Net Assets 2018: $551,3402018Assets 2019: $659,319Liabilities 2019: $2,500Net Assets 2019: $656,8192019Assets 2020: $670,048Liabilities 2020: $27,000Net Assets 2020: $643,0482020Assets 2021: $872,956Liabilities 2021: $30,039Net Assets 2021: $842,9172021Assets 2022: $1,226,919Liabilities 2022: $122,715Net Assets 2022: $1,104,2042022Assets 2023: $1,387,837Liabilities 2023: $220,708Net Assets 2023: $1,167,1292023Assets 2024: $1,042,948Liabilities 2024: $116,144Net Assets 2024: $926,8042024

Highlighted filing

2019

Assets$659,319
Liabilities$2,500
Net Assets$656,819

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $261,282Expenses 2011: $248,319Net Income 2011: $12,9632011Revenue 2012: $302,265Expenses 2012: $287,340Net Income 2012: $14,9252012Revenue 2013: $538,786Expenses 2013: $344,761Net Income 2013: $194,0252013Revenue 2014: $638,226Expenses 2014: $465,152Net Income 2014: $173,0742014Revenue 2015: $502,241Expenses 2015: $497,621Net Income 2015: $4,6202015Revenue 2016: $635,454Expenses 2016: $528,165Net Income 2016: $107,2892016Revenue 2017: $553,648Expenses 2017: $608,429Net Income 2017: -$54,7812017Revenue 2018: $537,382Expenses 2018: $725,976Net Income 2018: -$188,5942018Revenue 2019: $823,294Expenses 2019: $717,815Net Income 2019: $105,4792019Revenue 2020: $596,673Expenses 2020: $610,444Net Income 2020: -$13,7712020Revenue 2021: $756,276Expenses 2021: $556,407Net Income 2021: $199,8692021Revenue 2022: $1,459,775Expenses 2022: $1,198,488Net Income 2022: $261,2872022Revenue 2023: $1,830,573Expenses 2023: $1,767,648Net Income 2023: $62,9252023Revenue 2024: $1,149,235Expenses 2024: $1,389,560Net Income 2024: -$240,3252024

Highlighted filing

2019

Revenue$823,294
Expenses$717,815
Net Income$105,479
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 25, 2020
Return Version
2019v5.0
Gross Receipts
$823,294
Mission and Program Overview

Mission

Advance Philanthropic Organizations

The technology affinity group is a non-profit membership organization that promotes the power of technology to advance the goals of the philanthropic sector.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$462,871$610,882▲ $148,011
Cash and Non-Interest-Bearing Accounts$57,918$33,437▼ $24,481
Accounts Receivable$19,308--
Prepaid Expenses and Deferred Charges$11,243$15,000▲ $3,757
Total Assets$551,340$659,319▲ $107,979
Liabilities
Accounts Payable and Accrued Expenses-$2,500-
Total Liabilities$0$2,500▲ $2,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$551,340$636,694▲ $85,354
Net Assets With Donor Restrictions-$20,125-
Total Net Assets Fund Balance$551,340$656,819▲ $105,479
Total Liabilities and Net Assets / Fund Balance$551,340$659,319▲ $107,979
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim RuttPresident
Chad BergBoard Member
Jonathan MergyBoard Member
Leon WilsonBoard Member
Mark WalkerBoard Member
Matt SharpBoard Member
Sam CaplanBoard Member
Satonya FairBoard Member
Edima ElinewingaEmeritus Brd
John MohrEmeritus Brd
Kristine McdaidEmeritus Brd
Laura GoffEmeritus Brd
Linda RosanoEmeritus Brd
Nicolette LodicoSecretary
Rob RosenthalTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gibson Carlisle LLCConsulting233 E 13TH STREET 1407, Chicago, IL 60605$191,098
Revenue and Support

Revenue Composition

Contributions and Grants
$512,022
Program Service Revenue
$305,835
Investment Income
$4,841
Other Revenue
$596
All Other Contributions
$127,037
Change in Net Assets
$105,479

Audited Revenue Reconciliation

Revenue per Audited Statements
$823,294
Revenue Not Reported on Form 990
$14,005
Total Revenue per Audited Statements
$837,299
Total Revenue per Form 990
$823,294
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$717,815
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$331,717--$331,717
Fees for Services Management$216,330$48,822-$265,152
Fees for Services Other$25,673--$25,673
Fees for Services Accounting-$11,317-$11,317
Information Technology$10,494--$10,494
Travel$8,469--$8,469
Other Expenses$2,164$28,338-$2,164
Fees for Services Legal-$1,500-$1,500
Insurance$1,462--$1,462
Office Expenses-$1,024-$1,024
All Other Expenses-$130-$130
Total Functional Expenses$626,684$91,131$0$717,815

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$731,820
Expenses per Audited Statements$717,815
Total Expenses per Form 990$717,815
Expenses Not Reported on Form 990$14,005
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization uses the services of a consulting firm to perform day-to- day operations on a part-time basis.

Form 990, Page 6, Part VI, Line 4

On november 27, 2019, the governing board approved an amendment to the articles of incorporation pertaining to a name change for technology affinity group. Effective january 1, 2020, technology affinity group changed its name to technology association of grantmakers.

Form 990, Page 6, Part VI, Line 11B

The 990 is prepared by o'connell & company llc. A draft of the 990 is provided to the board of directors for review, which the accountant reviews with the board. With board approval, o'connell & company llc provides a signed copy to the board's treasurer for filing.

Form 990, Page 6, Part VI, Line 12C

Each year the organization's board is asked to sign a new conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The executive committee has benchmarked and reviewed the executive director's compensation.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public at tagtech.org or upon request.

Filing and Contact Details

Filer

Filer Name
Technology Affinity Group
EIN
56-2558836
Phone
3127726809
Address
1 NORTH STATE STREET SUITE 1500, CHICAGO, IL 60602

Signing Officer

Name
Rob Rosenthal
Title
Treasurer
Phone
6106886832
Signed
2020-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Rutt
Formed
2007
Legal Domicile
Fl
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
40

Preparer

Firm
O'CONNELL & COMPANY LLC
Address
165 TOWNSHIP LINE RD STE 1100, JENKINTOWN, PA 19046
Preparer
Robert J Mcnamee
Phone
2158874425
Supplemental Narrative

Additional Explanations

Form 990

Technology affinity group's board of directors has the right to set dues for its members. There are two types of members, "regular- and "affiliate". Technology affinity group's board of directors has elected to set dues at -0- for regular members who have financial hardships.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from income tax under irc section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations; and to identify and evaluate other matters that may be considered tax positions. The organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TECHNOLOGY AFFINITY GROUP'S BOARD OF DIRECTORS HAS THE RIGHT TO SET DUES FOR ITS MEMBERS. THERE ARE TWO TYPES OF MEMBERS, "REGULAR- AND "AFFILIATE". TECHNOLOGY AFFINITY GROUP'S BOARD OF DIRECTORS HAS ELECTED TO SET DUES AT -0- FOR REGULAR MEMBERS WHO HAVE FINANCIAL HARDSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION USES THE SERVICES OF A CONSULTING FIRM TO PERFORM DAY-TO- DAY OPERATIONS ON A PART-TIME BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ON NOVEMBER 27, 2019, THE GOVERNING BOARD APPROVED AN AMENDMENT TO THE ARTICLES OF INCORPORATION PERTAINING TO A NAME CHANGE FOR TECHNOLOGY AFFINITY GROUP. EFFECTIVE JANUARY 1, 2020, TECHNOLOGY AFFINITY GROUP CHANGED ITS NAME TO TECHNOLOGY ASSOCIATION OF GRANTMAKERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS PREPARED BY O'CONNELL & COMPANY LLC. A DRAFT OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW, WHICH THE ACCOUNTANT REVIEWS WITH THE BOARD. WITH BOARD APPROVAL, O'CONNELL & COMPANY LLC PROVIDES A SIGNED COPY TO THE BOARD'S TREASURER FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH YEAR THE ORGANIZATION'S BOARD IS ASKED TO SIGN A NEW CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE COMMITTEE HAS BENCHMARKED AND REVIEWED THE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT TAGTECH.ORG OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.12$0.93$1.15$1.39$0.24
2023Detailed filing. Detailed filing data is available for this year.$1.39$0.22$1.17$1.83$1.77$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.23$0.12$1.10$1.46$1.20$0.26
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.03$0.84$0.76$0.56$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.03$0.64$0.60$0.61$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.82$0.72$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.54$0.73$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.55$0.61$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.79$0.64$0.53$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.01$0.69$0.50$0.50$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.01$0.68$0.64$0.47$0.17
2013Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$0.54$0.34$0.19
2012Summary only. Only limited summary data is available for this year.$0.32$0.00$0.32$0.30$0.29$0.01
2011Summary only. Only limited summary data is available for this year.$0.30$0.00$0.30$0.26$0.25$0.01