Twin Cities Schools Telecommunications Group Inc
- Assets
- $7.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Longmont, CO
- Founding
- 02/2002
- Data as of
- 03/2023
- EIN
- 41-1804970
Organization Overview
Twin Cities Schools Telecommunications Group Inc, operating under the name Voqal Twin Cities, is located in Longmont, CO. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Voqal Twin Cities is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 03/2023, Voqal Twin Cities generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $4.4m during the year ending 03/2023. While expenses have increased by 28.0% 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.
Since 2016, Voqal Twin Cities has awarded 77 individual grants totaling $2,678,440. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOQAL TWIN CITIES PARTICIPATES IN THE EDUCATION OPPORTUNITY PROJECT (EOP). THE EOP AIMS TO MEASURABLY REDUCE EDUCATIONAL OPPORTUNITY GAPS BY PROVIDING CAPITAL AND STRATEGIC ADVICE TO ENTREPRENEURS AND ORGANIZATIONS WORKING TO IMPROVE EDUCATIONAL OUTCOMES FOR DISADVANTAGED POPULATIONS. VOQAL NONPROFITS COLLECTIVELY SPENT $505,200 IN THE FISCAL YEAR 2023 PROGRAM WITH VOQAL TWIN CITIES CONTRIBUTING $111,315 TO THE PROGRAM.
ON BEHALF OF VOQAL TWIN CITIES, MOBILE CITIZEN PLACES LTE WIRELESS BROADBAND ACCOUNTS WITH SCHOOLS AND NONPROFITS BOTH LOCALLY IN MINNESOTA AND NATIONWIDE. THE ESTIMATED NUMBER OF LTE WIRELESS BROADBAND ACCOUNTS IS BASED ON VOQAL TWIN CITIES' OWNERSHIP PERCENTAGE OF ALL ACTIVE ACCOUNTS AT FISCAL YEAR-END. THE ESTIMATED MARKET VALUE, BASED ON $50/MONTH, OF THE DONATION OF FREE AND SUBSIDIZED ACCOUNTS IS MORE THAN $2.7 MILLION. VOQAL TWIN CITIES PROVIDES SCHOOLS IN THE TWIN CITIES METRO AREA WITH FREE AND SUBSIDIZED HIGH-SPEED WIRELESS BROADBAND INTERNET ACCOUNTS. THE SCHOOLS ARE BOTH PUBLIC AND PRIVATE, SERVICING GRADES K-12. WE ESTIMATE THAT THE FAIR MARKET VALUE OF THESE FREE AND SUBSIDIZED ACCOUNTS IS OVER $625,000 ANNUALLY.
VOQAL TWIN CITIES IS PROUD TO BE PART OF THE VOQAL FELLOWSHIP. THE VOQAL FELLOWSHIP IS AN INVESTMENT IN PEOPLE AS INDIVIDUALS AND BUDDING ENTREPRENEURS; A TALENT AND STARTUP ACCELERATOR AIMED AT GIVING THOSE OFTEN OVERLOOKED BY TRADITIONAL FUNDERS A CHANCE TO ENACT THEIR VISIONS. IN FISCAL YEAR 2023, EIGHT INDIVIDUALS WERE SELECTED AS FELLOWS AFTER A RIGOROUS SEARCH PROCESS. THEIR PROJECTS FOCUSED ON ISSUES RANGING FROM CIVIC MEDIA TO ONLINE TOOLS. VOQAL NONPROFITS COLLECTIVELY SPENT $508,500 IN THE FISCAL YEAR 2023 PROGRAM WITH VOQAL TWIN CITIES CONTRIBUTING $142,633 TO THE PROGRAM.
VOQAL TWIN CITIES MAINTAINS A SEPARATE GRANTMAKING PROGRAM. IN FISCAL YEAR 2023, VOQAL TWIN CITIES MADE GRANTS TOTALING $409,096 TO 8 GRANTEES. EXPENSES TOTAL $456,800
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mckay President/director | OfficerTrustee | 5 | $0 |
Denise Mayotte Secretary/director | OfficerTrustee | 9 | $0 |
Ron Harris Treasurer/director | OfficerTrustee | 5 | $0 |
Cecilia Ortiz Director | OfficerTrustee | 5 | $0 |
Adam Miller Assistant Secretary | Officer | 5 | $0 |
Lisa Reed CFO | Officer | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,593,133 |
| Investment income | $87,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $896,173 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,618,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $409,096 |
| 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. | $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 | $557,535 |
| Fees for services: Legal | $81,940 |
| Fees for services: Accounting | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,989 |
| Fees for services: Other | $96,600 |
| Advertising and promotion | $4,589 |
| Office expenses | $11,728 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,962 |
| 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 | $1,903 |
| All other expenses | $131 |
| Total functional expenses | $4,389,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,414 |
| Savings and temporary cash investments | $344,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,940 |
| 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 | $17,594 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,934,455 |
| Investments—other securities | $0 |
| Investments—program-related | $1,685,795 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,329,525 |
| Accounts payable and accrued expenses | $76,115 |
| Grants payable | $0 |
| Deferred revenue | $70,908 |
| 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 | $147,023 |
| Net assets without donor restrictions | $7,182,502 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,329,525 |
Grants Awarded
Over the last fiscal year, Twin Cities Schools Telecommunications Group Inc has awarded $409,096 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ATWOOD CENTER PURPOSE: CORE SUPPORT | $42,000 |
CENTRO DE TRABAJADORES UNIDOS EN LA LUCHA PURPOSE: CORE SUPPORT | $42,000 |
COPAL PURPOSE: CORE SUPPORT | $38,000 |
NEXUS COMMUNITY PARTNERS PURPOSE: CORE SUPPORT AND MEET THE MOMENT | $88,386 |
RISE-REVIVING THE ISLAMIC SISTERHOOD FOR EMPOW PURPOSE: CORE SUPPORT | $42,000 |
TAKEACTION MINNESOTA EDUCATION FUND PURPOSE: BLACK VISIONS COLLECTIVE | $42,000 |