Northern Virginia Technology Council Foundation
- Assets
- $92.4k
- Revenue
- $87.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- 09/2014
- Data as of
- 06/2022
- EIN
- 46-4090178
Organization Overview
Northern Virginia Technology Council Foundation is located in Falls Church, VA. The organization was established in 2014. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Virginia Technology Council 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 06/2022, Northern Virginia Technology Council Foundation generated $87.3k 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 $99.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. 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
SUPPORT EMPLOYMENT INITIATIVES FOR UNDERREPRESENTED POPULATIONS IN TECH FIELDS (VETERANS, WOMEN)
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NVTC FOUNDATION WAS ESTABLISHED TO PROVIDE EDUCATIONAL AND FINANCIAL SUPPORT TO COMMUNITIES WHO ARE UNDERREPRESENTED IN OUR REGIONS TECH SECTOR. THE MISSION OF THE FOUNDATION IS TO EXPAND AND PROMOTE ADVANCED ACADEMIC AND EMPLOYMENT OPPORTUNITIES WITHIN TECHNOLOGY FIELDS. THE FOUNDATION PROGRAMS INCLUDE THE VETERANS EMPLOYMENT INITIATIVE WHICH SUPPORTS TRANSITIONING MILITARY SERVICE MEMBERS AND THE KILBERG SCHOLARSHIP FUND WHICH SUPPORTS WOMEN WHO ARE PURSUING HIGHER EDUCATION IN THE TECHNOLOGY FIELDS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Baroni Chair | OfficerTrustee | 0.3 | $0 |
Jennifer Taylor President | OfficerTrustee | 1.5 | $0 |
Tyler Fearn Treasurer | OfficerTrustee | 0.3 | $0 |
Tony Crescenzo Director | Trustee | 0.3 | $0 |
Bobbie Kilberg Director | Trustee | 0.3 | $0 |
Zuzana Steen Director | Trustee | 0.3 | $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 | $84,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,934 |
| 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 | $87,334 |
| 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 | $64,572 |
| Pension plan accruals and contributions | $2,665 |
| Other employee benefits | $16,041 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,188 |
| 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 | $418 |
| 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 | $99,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,388 |
| 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 | $50 |
| 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 | $92,438 |
| Accounts payable and accrued expenses | $19,108 |
| Grants payable | $0 |
| Deferred revenue | $2,100 |
| 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 | $21,208 |
| Net assets without donor restrictions | $24,769 |
| Net assets with donor restrictions | $46,461 |
| 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 | $92,438 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northern Virginia Technology Council Foundation has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Essentials Inc Clarksville, TN | $30,139,027 | $9,106,360 |
Experience Works Inc Severna Park, MD | $76,388 | $8,997,468 |
Urban Alliance Foundation Inc Washington, DC | $17,000,062 | $13,601,733 |
Employ Prince Georges Largo, MD | $4,258,774 | $8,835,926 |
Job Squad Inc Bridgeport, WV | $7,674,844 | $8,287,475 |
Lift Inc Washington, DC | $11,053,254 | $10,488,956 |
National Fund For Workforce Solutions Washington, DC | $8,495,293 | $1,868,629 |
Lee Initiative Inc Louisville, KY | $1,578,527 | $6,114,008 |
Human Resource Development Foundation Inc Morgantown, WV | $1,783,034 | $4,904,674 |
Bawac Inc Florence, KY | $7,204,800 | $5,957,243 |
South Western West Virginia Region 2 Work Force Investment Board Huntington, WV | $715,624 | $4,765,252 |
Jobs For Americas Graduates Inc Alexandria, VA | $6,705,273 | $5,268,108 |