Arizona Technology Council Foundation
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 37
- Location
- Tempe, AZ
- Founding
- 07/2004
- Data as of
- 07/2023
- EIN
- 20-1185167
Organization Overview
Arizona Technology Council Foundation, operating under the name Scitech Institute, is located in Tempe, AZ. The organization was established in 2004. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 07/2023, Scitech Institute employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scitech Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Scitech Institute generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.6m during the year ending 07/2023. While expenses have increased by 16.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENGAGE A CONNECTED COMMUNITY TO TRANSFORM LIVES WITH ACCESS TO THE WORLD OF STEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECT BUSINESS, INDUSTRY, ACADEMIC, CIVIC, AND COMMUNITY LEADERS AND POSSIBILITIES IN STEM. PROGRAMS INCLUDE THE 1) ARIZONA STEM ECOSYSTEM, 2) ARIZONA SCITECH FESTIVAL AND RURAL ACTIVATION AND INNOVATION NETWORK (RAIN), 3) CHIEF SCIENCE OFFICER (CSO) PROGRAM, AND 4) SCIENCE FOR ALL, LLC
STEM ECOSYSTEM: THE ARIZONA STEM ECOSYSTEM IS A COLLABORATIVE GRASSROOTS NETWORK OF OVER 900 PARTNERS STATEWIDE THAT INCLUDE EDUCATORS, GOVERNMENT LEADERS, AND COMMUNITY ORGANIZERS. SCITECH INSTITUTE SERVES AS THE ECOSYSTEM'S BACKBONE ORGANIZATION, WORKING WITH THESE ENTITIES TO PROMOTE STEM AWARENESS AND CAREER PATHWAYS, BUILD LEADERSHIP AND EMPLOYABILITY SKILLS, AND DEVELOP A DIVERSE COMMUNITY OF QUALIFIED ARIZONANS ENTERING HIGHER EDUCATION AND THE WORKFORCE.ARIZONA SCITECH FESTIVAL: THIS STATEWIDE CELEBRATION OF STEM IS HELD ANNUALLY JANUARY-APRIL. WITH OVER 1,000 EXPOS, WORKSHOPS, CONVERSATIONS, EXHIBITIONS, AND TOURS, THE AZ SCITECH FESTIVAL EDUCATES AND INVOLVES ARIZONANS OF ALL AGES ABOUT STEM AS A DRIVING FORCE FOR OUR STATE'S FUTURE.CHIEF SCIENCE OFFICERS: CHIEF SCIENCE OFFICERS ARE STUDENTS IN GRADES 6-12 WHO ARE CHOSEN TO SERVE AS STEM LEADERS AND AMBASSADORS IN THEIR SCHOOLS AND COMMUNITIES. THROUGH THEIR INVOLVEMENT IN THE PROGRAM, CSOS CAN ENHANCE THEIR EMPLOYABILITY SKILLS; JOIN A GLOBAL NETWORK OF STEM LEADERS; PREPARE FOR COLLEGE, CAREERS, AND CIVIC ENGAGEMENT; AND IMPLEMENT STEM ACTION PLANS TO RAISE AWARENESS FOR THE STEM CAUSES THEY CHAMPION. LITTLE FREE LIBRARIES: LITTLE FREE LIBRARIES ARE COMMUNITY-DRIVEN BOOK EXCHANGE HUBS THAT PROMOTE THE PHILOSOPHY OF "TAKE A BOOK, RETURN A BOOK." THROUGH COLLABORATIONS WITH AVNET AND COX, 300 STEM-THEMED KITS GO OUT MONTHLY TO RURAL LITTLE FREE LIBRARIES THROUGHOUT THE STATE.
SCIENCE FOR ALL, LLC IS AN ARIZONA CERTIFIED QUALIFYING CHARITABLE ORGANIZATION THAT SUPPORTS ACCESS TO STEM FOR EVERYONE, WITH A PARTICULAR FOCUS ON LOW-INCOME AND UNDERSERVED POPULATIONS. THE GOAL IS TO TRANSFORM LIVES BY PROVIDING THE STEM RESOURCES, EDUCATION, TOOLS, AND TRAINING NEEDED TO BE SUCCESSFUL IN AN INCREASINGLY COMPETITIVE WORKFORCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Zylstra President | OfficerTrustee | 2 | $0 |
Robert Witwer Board Chair | OfficerTrustee | 1 | $0 |
Jeff Unruh Treasurer | OfficerTrustee | 1 | $0 |
Rowan Smith Secretary | OfficerTrustee | 1 | $0 |
Lorenzo Chavez Director | Trustee | 1 | $0 |
Charleean Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,658 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $589,840 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,098,493 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,713,991 |
| Total Program Service Revenue | $68,593 |
| Investment income | $3,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,789,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,953 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $457,417 |
| Compensation of current officers, directors, key employees. | $154,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,929 |
| Pension plan accruals and contributions | $6,920 |
| Other employee benefits | $70,350 |
| Payroll taxes | $66,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $86,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $59,554 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,721 |
| Advertising and promotion | $0 |
| Office expenses | $82,263 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,678 |
| Travel | $104,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,635 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,619 |
| Insurance | $3,906 |
| All other expenses | $2,047 |
| Total functional expenses | $1,599,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,965 |
| Savings and temporary cash investments | $51,623 |
| Pledges and grants receivable | $536,959 |
| Accounts receivable, net | $6,808 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,886 |
| Investments—publicly traded securities | $153,243 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,174,484 |
| Accounts payable and accrued expenses | $111,842 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $157,157 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,704 |
| Total liabilities | $308,703 |
| Net assets without donor restrictions | $382,885 |
| Net assets with donor restrictions | $482,896 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,174,484 |
Grants Awarded
Over the last fiscal year, Arizona Technology Council Foundation has awarded $45,717 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA SCIENCE CENTER PURPOSE: PROGRAM SUPPORT | $16,425 |
ASU - OKED OFFICE FOR RESEARCH PURPOSE: PROGRAM SUPPORT | $29,292 |