Technology Exchange Lab Inc
- Assets
- $101.2k
- Revenue
- $100.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 26-3414936
Organization Overview
Technology Exchange Lab Inc is located in Cambridge, MA. The organization was established in 2010. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology Exchange Lab Inc 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 12/2021, Technology Exchange Lab Inc generated $100.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $53.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF WEB SITE WHICH ACTS AS EASILY ACCESSIBLE FORUM FOR INFORMATION EXCHANGE AND EDUCATIONAL CONSULTATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Von Bismarck President | 5 | $0 | |
Gary Bergstrom Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,374 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $2,818 |
| Occupancy | $2,413 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,146 |
| Total operating and administrative expenses | $53,428 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $53,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,524 |
| Savings and temporary cash investments | $1,702 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $101,226 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Technology Exchange Lab Inc has awarded $20,243 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: SEE ATTACHED | $15,243 |
SEE ATTACHED PURPOSE: SEE ATTACHED | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Technology Exchange Lab Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Bergstrom Foundation Tr Boston, MA PURPOSE: GENERAL | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Media Nj Inc New York, NY | $13,143,046 | $9,787,571 |
Wmht Educational Telecommunications Inc Troy, NY | $24,630,036 | $10,052,137 |
Democracy Now Productions Inc New York, NY | $36,977,400 | $9,199,755 |
Public Broadcasting Council Of Central New York Inc Old Liverpool Syracuse, NY | $17,299,983 | $6,896,548 |
Jta-Mjl New Corp New York, NY | $4,638,573 | $7,369,921 |
Markup News Inc New York, NY | $7,207,134 | $6,862,028 |
Forward Assoc Inc New York, NY | $1,778,782 | $4,957,225 |
Queens Public Communications Corporation Flushing, NY | $19,316,266 | $6,693,975 |
Wskg Public Telecommunications Council Vestal, NY | $6,035,773 | $6,220,212 |
City Report Inc New York, NY | $6,536,494 | $7,232,654 |
Society Of Motion Picture And Television Engineers Inc White Plains, NY | $6,291,909 | $3,388,117 |
Trace Media Inc Brooklyn, NY | $1,883,565 | $3,581,483 |