Technology Innovation Foundation Of The Americas Inc
- Assets
- $1.0
- Revenue
- $45.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 11/2013
- Data as of
- 06/2022
- EIN
- 46-3069806
Organization Overview
Technology Innovation Foundation Of The Americas Inc is located in Coral Gables, FL. The organization was established in 2013. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Technology Innovation Foundation Of The Americas 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 06/2022, Technology Innovation Foundation Of The Americas Inc generated $45.0k in total revenue. All expenses for the organization totaled $45.0k during the year ending 06/2022. While expenses have increased by 163.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A CATALYST FOR THE ESTABLISHMENT OF MIAMI AS THE TECHNOLOGY HUB FOR THE AMERICAS IN ORDER TO PROPEL INNOVATION AND INVESTMENT IN SOUTH FLORIDA AND LATIN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: PROMOTE TECHNOLOGY EDUCATION TO STUDENTS FROM KINDERGARTEN THROUGH GRADUATE SCHOOL IN ORDER TO ENCOURAGE AND EMPOWER TALENTED YOUNGSTERS TO PURSUE CAREERS IN AN ESSENTIAL INDUSTRY.EMPLOYMENT BASE: ENSURE THAT SOUTH FLORIDA OFFERS TECHNOLOGY COMPANIES A ROBUST BASE OF WORKERS THAT MEET THEIR NEEDS.INSTITUTIONAL FUNDING: ATTRACT THE FIRMS AND ORGANIZATIONS THATPROVIDE MUCH-NEEDED CAPITAL TO EARLY-STAGE AND GROWTH-STAGE COMPANIES THAT CAN GROW IN OUR COMMUNITY AND PROVIDE HIGH-WAGEDESIRABLE EMPLOYMENT OPPORTUNITIES FOR OUR RESIDENTS.START-UPS/ENTREPRENEURSHIP: HELP ACCELERATE THE STRONG MOMENTUM IN SOUTH FLORIDA'S START-UP ECOSYSTEM AND FOSTER THE ENTREPRENEURIAL SPIRIT AMONG OUR COMMUNITY'S INNOVATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Felipe Gorordo CEO | OfficerTrustee | 5 | $0 |
Manuel Medina Chairman | OfficerTrustee | 5 | $0 |
Melissa Medina President | OfficerTrustee | 5 | $0 |
Nelson Fonseca Director | Trustee | 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 | $45,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,000 |
| 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 | $45,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| 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 | $0 |
| Total functional expenses | $45,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| 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 | $0 |
| 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 | $1 |
| 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 | $50,000 |
| Total liabilities | $50,000 |
| Net assets without donor restrictions | -$49,999 |
| 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 | $1 |