Technocation
- Assets
- $124.9k
- Revenue
- $326.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, MA
- Founding
- 06/2008
- Data as of
- 12/2018
- EIN
- 20-5445375
Organization Overview
Technocation is located in Somerville, MA. The organization was established in 2008. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technocation 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 12/2018, Technocation generated $326.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $216.7k during the year ending 12/2018. While expenses have increased by 14.9% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORTING EDUCATION FOR INFORMATION TECHNOLOGY PROFESSIONALS BY PROVIDING OPPORTUNITIES FOR DEVELOPMENT OF TECHNICAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZING CONFERENCES TO STRENGTHEN THE OPEN SOURCE GEOSPATIAL TECHNOLOGY THROUGH EDUCATION, NETWORKING, AND DISCUSSION.
SUPPLYING GRANTS TO COMMUNITY MEMBERS TO EXPAND RESEARCH AND APPLICATION OF OPEN SOURCE GEOSPATIAL TECHNOLOGIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guido Stein President | Officer | 2 | $0 |
Laura Doty Treasurer | Officer | 0.5 | $0 |
Joshua Rosenthal Clerk | Trustee | 0.5 | $0 |
Randal Hale Director | Trustee | 0.5 | $0 |
Kurt Menke Director | Trustee | 0.5 | $0 |
Kayla Patel Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,602 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,602 |
| Total Program Service Revenue | $296,369 |
| Investment income | $12 |
| 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 | $325,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,530 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $63,860 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,645 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,386 |
| Advertising and promotion | $0 |
| Office expenses | $6,104 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,553 |
| Travel | $7,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,056 |
| Total functional expenses | $216,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,638 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,250 |
| Total assets | $124,888 |
| Accounts payable and accrued expenses | $6,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,000 |
| Unrestricted restricted net Assets | $118,888 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $118,888 |
Grants Awarded
Over the last fiscal year, Technocation has awarded $39,530 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AERIAL FUTURES PURPOSE: SUPPORT FOR DRONE MAPPING PROJECT | $34,980 |
UAVIONIX PURPOSE: SUPPORT FOR DRONE MAPPING PROJECT | $4,050 |
OPEN SOURCE GEOSPACIAL FOUNDATION- FOSS4G PURPOSE: SUPORT FOR EDUCATIONAL CONFERENCE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Griffiss Institute Inc Rome, NY | $5,351,291 | $13,272,090 |
Scratch Foundation Boston, MA | $12,660,412 | $10,034,461 |
Powermylearning Inc New York, NY | $8,303,195 | $9,294,963 |
Software Freedom Conservancy Inc Brooklyn, NY | $6,623,240 | $4,357,006 |
Owasp Foundation Inc Wakefield, MA | $1,369,843 | $2,158,507 |
New York City Foundation For Computer Science Education New York, NY | $1,500,469 | $2,506,361 |
Participatory Culture Foundation Boston, MA | $1,418,302 | $1,710,892 |
Free Software Foundation Inc Boston, MA | $2,824,546 | $1,875,386 |
Open Source Project For A Network Providence, RI | $716,267 | $982,751 |
Entropy Software Foundation Inc Woodbury, NY | $186,783 | $920,000 |
Ethereum Classic Cooperative Llc New York, NY | $5,145,057 | $5,191,092 |
Software In The Public Interest Inc New York, NY | $3,096,266 | $522,719 |