Civic Intelligence

Tech Nyc Foundation

990 • Fiscal year 2024 • EIN 85-1077938

Jan 01, 2024 to Dec 31, 2024

Organization ProfileN/A
152 West 57th Street 49th FloorNew York, NY 10019

(646) 504-0940

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,458,136

Up $1,374,783 (+1649%) from 2023

Net Assets

Up

$1,153,928

Up $1,146,525 (+15487%) from 2023

Liabilities

Up

$304,208

Up $228,258 (+301%) from 2023

Revenue And Expenses

Revenue

Up

$2,012,750

Up $1,902,750 (+1730%) from 2023

Expenses

Up

$896,225

Up $788,961 (+736%) from 2023

Net Income

Up

$1,116,525

Up $1,113,789 (+40709%) from 2023

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2022: $39,667Liabilities 2022: $35,000Net Assets 2022: $4,6672022Assets 2023: $83,353Liabilities 2023: $75,950Net Assets 2023: $7,4032023Assets 2024: $1,599,037Liabilities 2024: $1,262,100Net Assets 2024: $336,9372024Assets 2024: $1,458,136Liabilities 2024: $304,208Net Assets 2024: $1,153,9282024

Highlighted filing

2024

Assets$1,458,136
Liabilities$304,208
Net Assets$1,153,928
Open 2024 Filing

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2022: $65,000Expenses 2022: $60,333Net Income 2022: $4,6672022Revenue 2023: $110,000Expenses 2023: $107,264Net Income 2023: $2,7362023Revenue 2024: $1,225,759Expenses 2024: $896,225Net Income 2024: $329,5342024Revenue 2024: $2,012,750Expenses 2024: $896,225Net Income 2024: $1,116,5252024

Highlighted filing

2024

Revenue$2,012,750
Expenses$896,225
Net Income$1,116,525
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 28, 2026
Return Version
2024v5.5
Gross Receipts
$2,012,750
Mission and Program Overview

Mission

To support the technology ecosystem in new york through education and volunteerism.

To support the technology ecosystem in new york through education and volunteerism

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$83,353$1,423,136▲ $1,339,783
Rtn Earn Endowment Incm Other Fnds$7,403$1,153,928▲ $1,146,525
Accounts Receivable-$35,000-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$83,353$1,458,136▲ $1,374,783
Liabilities
Other Liabilities$45,450$286,765▲ $241,315
Deferred Revenue$30,000--
Accounts Payable and Accrued Expenses$500$17,443▲ $16,943
Total Liabilities$75,950$304,208▲ $228,258
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,403$1,153,928▲ $1,146,525
Total Liabilities and Net Assets / Fund Balance$83,353$1,458,136▲ $1,374,783
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Bryan LozanoFoundation DirectorFT$137,599$137,599

Board Members and Trustees

NameTitle
Jenny KimDirector
Julie SamuelsCEO
Sarah BrownChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,012,750
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,012,750
Change in Net Assets
$1,116,525

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,012,750
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,012,750
Total Revenue per Form 990
$2,012,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$499,909
Salaries, Compensation, and Employee Benefits$372,216
Total Fundraising Expense$89,332
Grants and Similar Amounts Paid$24,100
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$451,414--$451,414
Other Salaries and Wages$182,385$100,499$89,332$372,216
Grants to Domestic Orgs$24,100--$24,100
Fees for Services Legal-$17,187-$17,187
Conferences and Meetings$14,384--$14,384
Other Expenses$7,500--$7,500
Office Expenses$2,474$1,943-$4,417
Fees for Services Accounting-$3,239-$3,239
Travel-$1,768-$1,768
Total Functional Expenses$682,257$124,636$89,332$896,225

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$896,225
Total Expenses per Audited Statements$896,225
Total Expenses per Form 990$896,225
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Queens Economic Development CorporationKew Gardens, NY501(c)(3)To Support an City Entrepreneurship Competition, the Queens Tech and Innovation Challenge$15,000
Pursuit Transformation Company IncLong Island City, NY501(c)(3)Contribution to the Gala Which Supports the Pursuit Group, Which Helps Trains and Teach Adults to Get Their First Job in Technology$6,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Organizations$286,765
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
No
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
No

Governance Explanations

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

“The form 990 is prepared by an outside accounting firm. The form 990 is then reviewed by the executive director. A copy of the form 990 is provided to the entire board for review.”

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

“Each covered person signs an annual disclosure and must promptly disclose material facts when issues arise. After disclosure, the disinterested board decides by majority whether a conflict exists and whether to proceed, seeking arm's-length, fair-value terms and reasonable alternatives. The interested person may state facts and answer questions, then must leave, may not hear deliberations, vote, or influence others. The minutes record disclosures, participants, discussion, and votes. Failures to disclose lead to notice, an opportunity to respond, and discipline.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Technyc Foundation
EIN
85-1077938
Phone
6465040940
Address
152 WEST 57TH STREET 49TH FLOOR, NEW YORK, NY 10019

Signing Officer

Name
Julie Samuels
Title
CEO
Phone
6465040940
Signed
2026-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Samuels
Formed
2020
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Trimnerbeckham Pllc
Address
1750 TYSONS BLVD SUITE 1500, MCLEAN, VA 22102
Preparer
David Trimner
Phone
7036631756
Supplemental Narrative

Additional Explanations

FORM 990 HEADER B: AMENDED RETURN

“The 2024 form 990 is being amended to conform to the audited financial statements. A change in the recognition of deferred revenue resulted in updates to accounts receivable, accounts payable, and deferred revenue. The statement of functional expenses is also updated.”

Form 990, Part IX, Line 11G

“Professional fees: program service expenses 451,414. Management and general expenses 0. Fundraising expenses 0. Total expenses 451,414.”

Financial Statement Notes

PART X, LINE 2:

“Tech:nyc foundation is exempt from federal income tax, on its exempt purpose activities, under section 501(c)(3) of the internal revenue code (irc). Tech:nyc foundation is subject to income tax on its unrelated business income under the irc. Tech:nyc foundation had no unrelated business income for the year ended december 31, 2024. For the year ended december 31, 2024, tech:nyc foundation has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.”

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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0423958
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1285000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt03349
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt120322
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JULIE SAMUELS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SARAH BROWN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF FINANCIAL OFFICER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0427307
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1305322
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 2024 FORM 990 IS BEING AMENDED TO CONFORM TO THE AUDITED FINANCIAL STATEMENTS. A CHANGE IN THE RECOGNITION OF DEFERRED REVENUE RESULTED IN UPDATES TO ACCOUNTS RECEIVABLE, ACCOUNTS PAYABLE, AND DEFERRED REVENUE. THE STATEMENT OF FUNCTIONAL EXPENSES IS ALSO UPDATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS THEN REVIEWED BY THE EXECUTIVE DIRECTOR. A COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH COVERED PERSON SIGNS AN ANNUAL DISCLOSURE AND MUST PROMPTLY DISCLOSE MATERIAL FACTS WHEN ISSUES ARISE. AFTER DISCLOSURE, THE DISINTERESTED BOARD DECIDES BY MAJORITY WHETHER A CONFLICT EXISTS AND WHETHER TO PROCEED, SEEKING ARM'S-LENGTH, FAIR-VALUE TERMS AND REASONABLE ALTERNATIVES. THE INTERESTED PERSON MAY STATE FACTS AND ANSWER QUESTIONS, THEN MUST LEAVE, MAY NOT HEAR DELIBERATIONS, VOTE, OR INFLUENCE OTHERS. THE MINUTES RECORD DISCLOSURES, PARTICIPANTS, DISCUSSION, AND VOTES. FAILURES TO DISCLOSE LEAD TO NOTICE, AN OPPORTUNITY TO RESPOND, AND DISCIPLINE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 451,414. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 451,414.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 HEADER B: AMENDED RETURN
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TECHNYC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0811219959
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ENSURE THAT NY IS THE BEST PLACE TO BUILD AND GROW A TECHNOLOGY COMPANY.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0152 WEST 57TH STREET 49TH FLOOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd010019
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt083353
IRS990/TotalAssetsEOYAmt01458136
IRS990/TotalAssetsGrp/BOYAmt083353
IRS990/TotalAssetsGrp/EOYAmt01458136
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt02012750
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt089332
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0124636
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0682257
IRS990/TotalFunctionalExpensesGrp/TotalAmt0896225
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt075950
IRS990/TotalLiabilitiesEOYAmt0304208
IRS990/TotalLiabilitiesGrp/BOYAmt075950
IRS990/TotalLiabilitiesGrp/EOYAmt0304208
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07403
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01153928
IRS990/TotalOtherCompensationAmt043543
IRS990/TotalProgramServiceExpensesAmt0682257
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02012750
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt083353
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01458136
IRS990/TotReportableCompRltdOrgAmt0826685
IRS990/TravelGrp/ManagementAndGeneralAmt01768
IRS990/TravelGrp/TotalAmt01768
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0152 WEST 57TH STREET 49TH FLOOR
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010019
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,458,136
Liabilities
$304,208
Net assets
$1,153,928
Revenue
$2,012,750
Expenses
$896,225
Net income
$1,116,525
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.60$1.26$0.34$1.23$0.90$0.33
2024Detailed filing. Detailed filing data is available for this year.$1.46$0.30$1.15$2.01$0.90$1.12
2023Detailed filing. Detailed filing data is available for this year.$0.08$0.08$0.01$0.11$0.11$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.00$0.07$0.06$0.00