Red River Technology Foundation

Organization Overview

Red River Technology Foundation is located in Claremont, NH. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red River Technology Foundation 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 12/2022, Red River Technology Foundation generated $567.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $226.7k during the year ending 12/2022. While expenses have increased by 13.6% per year over the past 7 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.

Since 2019, Red River Technology Foundation has awarded 13 individual grants totaling $228,870. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AND ENCOURAGE STUDENTS TO CONTINUE THEIR STUDIES IN THE FIELDS OF SCIENCE AND TECHNOLOGY AS WELL AS SUPPORTING US MILITARY VETERANS TRANSITIONING TO CIVILIAN LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO AWARD SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS WHO HAVE DEMONSTRATED AN INTEREST IN INFORMATION TECHNOLOGY (IT) AND INTEND TO PURSUE AN INFORMATION TECHNOLOGY EDUCATION AFTER HIGH SCHOOL.TO PROMOTE TECHNOLOGY KNOWLEDGE, EDUCATION, AND INTEREST AMONG STUDENTS, PARTICULARLY THOSE IN HIGH SCHOOL. ALSO SUPPORTS VETERANS AND THEIR FAMILIES BY PROVIDING TECHNOLOGY CAREER COUNSELING AND MENTORSHIPS AS WELL AS EMERGENGY MONETARY ASSISTANCE AS THEY INTEGRATE BACK INTO THE COMMUNITY.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Bolduc
President
$0
Gina Burke
Board Member
$0
Daniel Mcgee
Treasurer
$0
Kimberly Vacca
Secretary
$0
Alan Dumas
Board Member
$0
Nancy Merrill
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$62,213
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$492,633
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$554,846
Total Program Service Revenue$0
Investment income $19,197
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $20,106
Net Income from Fundraising Events -$27,111
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $567,038

Grants Awarded

Over the last fiscal year, Red River Technology Foundation has awarded $35,000 in support to 2 organizations.

Grant RecipientAmount

OPERATION HAT TRICK (OHT)

PURPOSE: PARTNERSHIP TO PROVIDE ICE TEAM TO VARIOUS WARRIOR HOCKEY TEAMS AROUND THE COUNTRY

$20,000

TWIN STATE MAKER SPACES INC

PURPOSE: 2022 CLAREMONT MAKER SPACE VETERAN SCHOLARSHIP

$15,000
View Grant Profile

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