Technology Foundation Of The Americas Inc
- Assets
- $50.0k
- Revenue
- $800.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 45-5502058
Organization Overview
Technology Foundation Of The Americas Inc is located in Coral Gables, FL. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology Foundation Of The Americas Inc 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 06/2022, Technology Foundation Of The Americas Inc generated $800.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.2%) each year. All expenses for the organization totaled $800.0k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO ADVANCE THE TECHNOLOGY ECOSYSTEM IN SOUTH FLORIDA. THE FOUR MAIN AREAS OF FOCUS ARE: EDUCATION, EMPLOYMENT BASE, INSTITUTIONAL FUNDING AND ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY FOCUS OF THE FOUNDATION IS TO SUPPORT THE PRODUCTION OF EMERGE AMERICAS, A LARGE SCALE ANNUAL TECHNOLOGY CONFERENCE. THE CONFERENCE FOCUSES ON FOUR MAJOR AREAS: EDUCATION, EMPLOYMENT BASE, INSTITUTIONAL FUNDING AND ENTREPRENEURSHIP.EDUCATION: PROMOTE TECHNOLOGY EDUCATION FROM KINDERGARTEN THROUGH GRADUATE SCHOOL IN ORDER TO ENCOURAGE AND EMPOWER TALENTED YOUNGSTERS TO PURSUE CAREERS IN THE TECHNOLOGY INDUSTRY.EMPLOYMENT BASE: ENSURE SOUTH FLORIDA OFFERS TECHNOLOGY EMPLOYERS A ROBUST BASE OF WORKERS THAT MEET THEIR NEEDS.INSTITUTIONAL FUNDING: ATTRACT FIRMS AND ORGANIZATIONS THAT PROVIDE CAPITAL TO EARLY-STAGE AND GROWTH-STAGE COMPANIES THAT CAN GROW IN OUR COMMUNITY AND PROVIDE DESIRABLE EMPLOYMENT TO OUR RESIDENTS.START-UP/ENTREPRENEURSHIP: ACCCELERATE THE MOMENTUM IN SOUTH FLORIDA'S START-UP ECOSYSTEM AND FOSTER THE ENTREPRENEURIAL SPIRIT AMONGST OUR COMMUNITY'S INNOVATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuel Medina Chairman | OfficerTrustee | 5 | $0 |
Nelson Fonseca Director | Trustee | 5 | $0 |
Melissa Medina President | OfficerTrustee | 5 | $0 |
Diane Vidoni CEO | OfficerTrustee | 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 | $800,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $800,000 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $800,000 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $800,000 |
| Total functional expenses | $800,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $50,000 |
| 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 | $0 |
| Total assets | $50,000 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $50,000 |
| 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 | $50,000 |