Technology Association Of New England
- Assets
- $302.8k
- Revenue
- $201.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New Gloucester, ME
- Founding
- 04/1991
- Data as of
- 10/2023
- EIN
- 23-7399637
Organization Overview
Technology Association Of New England is located in New Gloucester, ME. The organization was established in 1991. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology Association Of New England is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 10/2023, Technology Association Of New England generated $201.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $199.8k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. 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
THE ASSOCIATION (TANE) IS DEDICATED TO BEING AN EDUCATIONAL PLATFORM FOR THE REGIONAL MEMBERSHIP. THE OBJECTIVE IS TO BRING THE MEMBERS TOGETHER TO COLLABORATE ON REGULATORY, LEGISLATIVE, OPERATIONAL, AND TECHNICAL CHALLENGES THAT FACE THE RURAL BROADBAND AND TELECOMMUNICATIONS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TANE/NYSTA ISSUES FORUM, HELD ANNUALLY IN FEBRUARY, PROVIDES A VENUE FOR MEMBERS OF THE 2 ASSOCIATIONS TO JOIN TOGETHER FOR THE PURPOSE OF LEARNING ABOUT NATIONAL AND REGIONAL ISSUES THAT HAVE AN IMPACT ON THE OPERATIONS OF ITS MEMBERS. THE VENUE'S LOCATION ALTERNATES BETWEEN EASTERN NEW YORK AND CENTRAL NEW ENGLAND WITH TANE RESPONSIBLE FOR HOSTING ON EVEN YEARS. THE 2023 EVENT WAS LED BY NYSTA IN SARATOGA NEW YORK FEBRUARY 2023 UNDER THE AUSPICES OF NYSTA VIA ZOOM. THE EVENT INCLUDES THE ASSOCIATION'S TELCO MEMBERS, AND ASSOCIATES (VENDOR COMMUNITIES) TO ATTEND AS WELL. IN 2023, REGISTRATION WAS APPROXIMATELY 135 ATTENDEES AS FOLLOWS:- NYSTA: 14 COMPANIES 31 ATTENDED - TANE: 10 COMPANIES 16 ATTENDED - ASSOCIATES: 43 COMPANIES 71 ATTENDED - SPEAKERS: 15 COMPANIES 15 ATTENDEDTHESE NUMBERS ARE UP THIS YEAR BECAUSE OF THE COVID PANDEMIC IN THE PAST SEVERAL YEARS. TOPICS ARE BASED ON THE CURRENT STATE OF THE INDUSTRY. TOPICS COVERED IN 2023:- GENERAL: WASHINGTON REVIEW, REGIONAL REGULATORY ROUNDTABLE, & TECHNICAL ISSUES ROUNDTABLE- SPECIFIC: BROADBAND SALES & MARKETING; SUPPLY CHAIN; WORKFORCE DEVELOPMENT; FCC TESTING; FUNDING FOR BROADBAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Reed President | OfficerTrustee | 5 | $0 |
Mark Deperrior Treasurer | OfficerTrustee | 5 | $0 |
Pamela Holley Secretary | OfficerTrustee | 2 | $0 |
Scott Brooks Board Member | Trustee | 2 | $0 |
Kimberly Gates Board Member | Trustee | 2 | $0 |
Maureen Hopkins Board Member | Trustee | 2 | $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 | $50 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50 |
| Total Program Service Revenue | $194,392 |
| Investment income | $4,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,697 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $39,600 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,937 |
| Advertising and promotion | $0 |
| Office expenses | $4,142 |
| Information technology | $6,346 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $54,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,052 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,442 |
| All other expenses | $0 |
| Total functional expenses | $199,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,555 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,977 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,400 |
| Prepaid expenses and deferred charges | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $218,912 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $302,844 |
| Accounts payable and accrued expenses | $57,284 |
| Grants payable | $0 |
| Deferred revenue | $450 |
| 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 | $57,734 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $245,110 |
| Total liabilities and net assets/fund balances | $302,844 |