Civic Intelligence

Technology Education Foundation Inc

EIN 76-0761976 • 501(c)3 • Madison, WI

Profile

Support the advancement and education of individuals by providing information technology hardware and software to public schools, libraries, or other non-profit educational organizations with a facility for individuals to learn to use such computer equipment.

PO Box 44787Madison, WI 53744

www.techedfoundation.com

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.19x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

11th percentile

-75%

Higher net margin than 11% of similar nonprofits.

501(c)3 • <$500k 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

9th percentile

-97%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$30,339

Down $959,869 (-97%) from 2023

Liabilities

Up

$30,339

Up $18,509 (+156%) from 2023

Net Assets

Down

$0

Down $978,378 (-100%) from 2023

Revenue

Up

$158,724

Up $14,951 (+10%) from 2023

Expenses

Up

$278,171

Up $113,407 (+69%) from 2023

Net Income

Down

-$119,447

Down $98,456 (-469%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $358,483Liabilities 2012: $0Net Assets 2012: $358,4832012Assets 2013: $433,670Liabilities 2013: $0Net Assets 2013: $433,6702013Assets 2014: $505,317Liabilities 2014: $0Net Assets 2014: $505,3172014Assets 2015: $548,663Liabilities 2015: $0Net Assets 2015: $548,6632015Assets 2016: $594,845Liabilities 2016: $0Net Assets 2016: $594,8452016Assets 2017: $688,530Liabilities 2017: $0Net Assets 2017: $688,5302017Assets 2018: $808,600Liabilities 2018: $0Net Assets 2018: $808,6002018Assets 2019: $809,191Liabilities 2019: $0Net Assets 2019: $809,1912019Assets 2020: $765,823Liabilities 2020: $15,486Net Assets 2020: $750,3372020Assets 2021: $1,115,786Liabilities 2021: $18,567Net Assets 2021: $1,097,2192021Assets 2022: $1,123,631Liabilities 2022: $14,265Net Assets 2022: $1,109,3662022Assets 2023: $990,208Liabilities 2023: $11,830Net Assets 2023: $978,3782023Assets 2024: $30,339Liabilities 2024: $30,339Net Assets 2024: $02024

Highlighted filing

2024

Assets$30,339
Liabilities$30,339
Net Assets$0

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2012: $164,267Expenses 2012: $77,522Net Income 2012: $86,7452012Expenses 2013: $96,2352013Revenue 2014: $168,046Expenses 2014: $111,880Net Income 2014: $56,1662014Revenue 2015: $168,567Expenses 2015: $112,612Net Income 2015: $55,9552015Revenue 2016: $173,645Expenses 2016: $109,992Net Income 2016: $63,6532016Revenue 2017: $159,107Expenses 2017: $117,176Net Income 2017: $41,9312017Revenue 2018: $196,491Expenses 2018: $123,693Net Income 2018: $72,7982018Revenue 2019: $116,576Expenses 2019: $133,763Net Income 2019: -$17,1872019Revenue 2020: $146,086Expenses 2020: $121,144Net Income 2020: $24,9422020Revenue 2021: $145,873Expenses 2021: $125,423Net Income 2021: $20,4502021Revenue 2022: $186,107Expenses 2022: $162,091Net Income 2022: $24,0162022Revenue 2023: $143,773Expenses 2023: $164,764Net Income 2023: -$20,9912023Revenue 2024: $158,724Expenses 2024: $278,171Net Income 2024: -$119,4472024

Highlighted filing

2024

Revenue$158,724
Expenses$278,171
Net Income-$119,447

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2023 to Mar 31, 2024
Signed
Sep 17, 2024
Return Version
2023v5.1
Gross Receipts
$360,317
Mission and Program Overview

Mission

Support the advancement and education of individuals by providing information technology hardware and software to public schools, libraries, or other non-profit educational organizations with a facility for individuals to learn to use such computer equipment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$949,671$0▼ $949,671
Cash and Non-Interest-Bearing Accounts$36,737$30,339▼ $6,398
Prepaid Expenses and Deferred Charges$3,800$0▼ $3,800
Total Assets$990,208$30,339▼ $959,869
Liabilities
Accounts Payable and Accrued Expenses$0$30,339▲ $30,339
Deferred Revenue$11,830$0▼ $11,830
Total Liabilities$11,830$30,339▲ $18,509
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$978,378$0▼ $978,378
Total Net Assets Fund Balance$978,378$0▼ $978,378
Total Liabilities and Net Assets / Fund Balance$990,208$30,339▼ $959,869
Compensation and Service Providers

Board Members and Trustees

NameTitle
James G BerbeePresident
Paul S ShainVice President
Brett M RimkusSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$261,174
Program Service Revenue
$0
Investment Income
$21,756
Other Revenue
$-124,206
All Other Contributions
$124,713
Change in Net Assets
$-119,447
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$247,578
Other Expenses$15,635
Salaries, Compensation, and Employee Benefits$14,958
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$247,578--$247,578
Other Salaries and Wages-$14,958-$14,958
Fees for Services Other-$6,786-$6,786
Insurance-$4,472-$4,472
Fees for Services Accounting-$3,744-$3,744
Office Expenses-$430-$430
All Other Expenses-$203-$203
Total Functional Expenses$247,578$30,593$0$278,171
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St James Catholic SchoolMadison, WI501(c)3Funds for Technology Initiatives$15,000
Ywca MadisonMadison, WI501(c)3Funds for Technology Initiatives$14,000
Bayview FoundationMadison, WI501(c)3Funds for Technology Initiatives$10,000
Monroe School DistrictMonroe, WI501(c)3Funds for Technology Initiatives$10,000
Simpson Street Free PressMonona, WI501(c)3Funds for Technology Initiatives$10,000
Bridge Lake Point Waunona Neighborhood CenterMadison, WI501(c)3Funds for Technology Initiatives$9,455
Wisconsin Youth CompanyMadison, WI501(c)3Funds for Technology Initiatives$9,044
Neighborhood House Community Center IncMadison, WI501(c)3Funds for Technology Initiatives$7,200
Door of Hope MinistriresBlaine, MN501(c)3Funds for Technology Initiatives$6,500
Badgerbots Robotics CorporationMadison, WI501(c)3Funds for Technology Initiatives$6,000
Madison College FoundationMadison, WI501(c)3Funds for Technology Initiatives$6,000
United Way of Dane CountyMadison, WI501(c)3Funds for Technology Initiatives$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$201,593
Fundraising Gross Income$77,387
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Berbee Derby$213,848$77,387$33,403$43,984
Total Events$213,848$77,387$201,593$-124,206
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
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
No
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, Section B, Line 11B

A copy of form 990 was reviewed by the governing body before filing.

Form 990, Part VI, Section C, Line 19

All documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Technology Education Foundation Inc
EIN
76-0761976
Phone
6085160154
Address
PO BOX 44787, MADISON, WI 53744

Signing Officer

Name
Brett Rimkus
Title
Secretary/treasurer
Phone
6085160154
Signed
2024-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Rimkus
Formed
2004
Legal Domicile
Wi
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
325

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
PO BOX 7398, MADISON, WI 53707-7398
Preparer
Troy Marine CPA
Phone
6082496622
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The foundation approved the plan for liquidation and proceeded to close down operations and program activities during the tax year.

FORM 990, PART XI, LINE 9:

Disbursement upon liquidation -869,925. Adjustments of estimated values -3,800.

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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc9501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc10501(C)3
IRS990ScheduleI/RecipientTable/IRCSectionDesc11501(C)3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt80
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt90
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt100
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt110
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11FUNDS FOR TECHNOLOGY INITIATIVES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ST JAMES CATHOLIC SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1YWCA MADISON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MONROE SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3SIMPSON STREET FREE PRESS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4BAYVIEW FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5BRIDGE LAKE POINT WAUNONA NEIGHBORHOOD CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6WISCONSIN YOUTH COMPANY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7NEIGHBORHOOD HOUSE COMMUNITY CENTER INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8DOOR OF HOPE MINISTRIRES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9BADGERBOTS ROBOTICS CORPORATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10UNITED WAY OF DANE COUNTY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11MADISON COLLEGE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0270961979
IRS990ScheduleI/RecipientTable/RecipientEIN1390806303
IRS990ScheduleI/RecipientTable/RecipientEIN2396003491
IRS990ScheduleI/RecipientTable/RecipientEIN3391882258
IRS990ScheduleI/RecipientTable/RecipientEIN4396092644
IRS990ScheduleI/RecipientTable/RecipientEIN5852910278
IRS990ScheduleI/RecipientTable/RecipientEIN6237401836
IRS990ScheduleI/RecipientTable/RecipientEIN7391930073
IRS990ScheduleI/RecipientTable/RecipientEIN8462329178
IRS990ScheduleI/RecipientTable/RecipientEIN9453598842
IRS990ScheduleI/RecipientTable/RecipientEIN10390817532
IRS990ScheduleI/RecipientTable/RecipientEIN11391086718
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01204 ST JAMES CT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1101 E MIFFLIN ST STE 100
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21600 26TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO BOX 6307
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4601 BAY VIEW
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt51917 LAKE POINT DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6PO BOX 45620
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt729 S MILLS ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8PO BOX 490565
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt97615 DISCOVERY DR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10PO BOX 7548
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt111701 WRIGHT ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MONROE
IRS990ScheduleI/RecipientTable/USAddress/CityNm3MONONA
IRS990ScheduleI/RecipientTable/USAddress/CityNm4MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm5MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm6MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm7MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm8BLAINE
IRS990ScheduleI/RecipientTable/USAddress/CityNm9MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm10MADISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm11MADISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd8MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd9WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd10WI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd11WI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd053715
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd153703
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd253566
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd353716
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd453715
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd553713
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd653744
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd753715
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd855449
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd953562
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1053704
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1153704
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EACH YEAR, EACH OF THE SELECTION COMMITTEE MEMBERS MEET WITH TWO OF THE ORGANIZATIONS RECEIVING GRANTS. THE COMMITTEE MEMBERS MEET AT THE GRANTEES LOCATION AND GET AN UPDATE ON HOW THE GRANT WAS USED AND WHAT THE OUTCOMES WERE. THE EVALUATING COMMITTEE MEMBERS THEN REPORT BACK TO THE ENTIRE SELECTION COMMITTEE. EACH YEAR TECHNOLOGY EDUCATION FOUNDATION CHOOSES 8 OF APPROXIMATELY 16 DIFFERENT GRANTEES TO REVIEW.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt012
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0INVESTMENTS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1CASH
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0MADISON COMMUNITY FOUNDATION
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt1MADISON COMMUNITY FOUNDATION
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02024-03-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12024-03-31
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0396038248
IRS990ScheduleN/DispositionOfAssetsDetail/EIN1396038248
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0855424
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt114501
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)3
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt1501(C)3
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt1BOOK
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0111 N FAIRCHILD ST
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt1111 N FAIRCHILD ST
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0MADISON
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1MADISON
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd1WI
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd053703
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd153703
IRS990ScheduleN/EmployeeOfSuccessor2Ind00

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