Out In Tech Inc
- Assets
- $2.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-4379985
Organization Overview
Out In Tech Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2021, Out In Tech Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Out In Tech 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 12/2021, Out In Tech Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.9% each year . All expenses for the organization totaled $880.1k during the year ending 12/2021. While expenses have increased by 34.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL AND INFORMATIONAL RESOURCES TO LGBTQ+ GROUP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOST COMMUNITY-BASED AWARENESS AND MENTORSHIP EVENTS GEARED BOTH TOWARDS LOCAL YOUTH AND ADULTS IN THE TECH INDUSTRY. EVENTS HAVE BEEN HELD IN VARIOUS CITIES THROUGHOUT THE UNITED STATES. EVENTS INCLUDE KEYNOTE SPEAKERS, FORUMS, SOCIAL ACTIVITIES, AND AWARDS.MAINTAIN AND BUILD AN INTERNATIONAL COMMUNITY OF ACTIVISTS THROUGH THE USE OF SOCIAL MEDIA, WEB-BASED SEMINARS, ONLINE ENGAGEMENT, AND EMAIL BLASTS. THE ORGANIZATION PROVIDES A PLATFORM ALLOWING THE LGBTQ+ TO ORGANIZE, EXPRESS OPINIONS AND EDUCATE PEOPLE AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Lowenthal Executive Director | OfficerTrustee | 40 | $200,000 |
Leah Franklin Gilliam Chair | OfficerTrustee | 0 | $0 |
Julia Cheng President | OfficerTrustee | 0 | $0 |
Marc Dickstein Secretary | OfficerTrustee | 0 | $0 |
Lukas Thomas Treasurer | OfficerTrustee | 0 | $0 |
Marcia Cheung Member-At-Large | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,747 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,943,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,042,302 |
| 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 | $2,042,302 |
| 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. | $200,000 |
| Compensation of current officers, directors, key employees. | $10,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $389,544 |
| Pension plan accruals and contributions | $23,160 |
| Other employee benefits | $29,986 |
| Payroll taxes | $42,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $495 |
| Fees for services: Accounting | $14,167 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,903 |
| Advertising and promotion | $13,971 |
| Office expenses | $3,306 |
| Information technology | $22,083 |
| Royalties | $0 |
| Occupancy | $15,254 |
| Travel | $32,772 |
| 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 | $1,816 |
| Insurance | $5,401 |
| All other expenses | $3,073 |
| Total functional expenses | $880,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,878,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $187,500 |
| 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 | $3,463 |
| Net Land, buildings, and equipment | $2,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,990 |
| Total assets | $2,075,505 |
| Accounts payable and accrued expenses | $15,625 |
| 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 | $15,625 |
| Net assets without donor restrictions | $1,984,880 |
| Net assets with donor restrictions | $75,000 |
| 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 | $2,075,505 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Out In Tech Inc has recieved totaling $322,947.
| Awarding Organization | Amount |
|---|---|
Hopper-Dean Foundation Menlo Park, CA PURPOSE: CHARITABLE | $100,000 |
Kla-Tencor Foundation Milpitas, CA PURPOSE: WELLNESS AND SUPPORT OF DIVERSITY OF LGBTQ+ | $75,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $64,635 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $28,216 |
Louis N Cassett Foundation Philadelphia, PA PURPOSE: TO FURTHER EXEMPT PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania State Education Association P S E A Harrisburg, PA | $182,856,842 | $77,031,675 |
St Thomas Aquinas College Sparkill, NY | $109,572,323 | $32,266,792 |
United Federation Of Teachers Health Care Chapter Bene New York, NY | $44,363,289 | $35,536,855 |
New Jersey Education Association Trenton, NJ | $44,298,969 | $35,727,105 |
Educators For Excellence New York, NY | $11,862,127 | $12,667,542 |
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
New England Association Of Schools & Colleges Inc Lowell, MA | $16,030,739 | $7,781,290 |
Pennsylvania School Boards Association Inc Mechanicsburg, PA | $12,806,871 | $8,442,070 |
National Association For Communitycollege Entrepreneurship Inc Springfield, MA | $6,289,800 | $9,180,513 |
Foundation For Educational Administration Monroe Twp, NJ | $7,493,691 | $6,007,495 |
National Association Of Colleges And Employers Bethlehem, PA | $16,581,342 | $8,504,625 |
Center For Educational Innovation New York, NY | $3,305,790 | $4,609,505 |