New Tech Network Inc
- Assets
- $8.6m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 97
- Location
- Napa, CA
- Founding
- 05/2014
- Data as of
- 06/2023
- EIN
- 46-5770233
Organization Overview
New Tech Network Inc is located in Napa, CA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, New Tech Network Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Tech Network 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 06/2023, New Tech Network Inc generated $8.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $13.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATE SUSTAINABLE IMPROVEMENT IN STUDENT READINESS FOR COLLEGE AND CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW TECH NETWORK FEE FOR SERVICE ENGAGEMENTS. NTNI ACTIVELY CULTIVATES LEADS AND INQUIRIES FROM PUBLIC AND CHARTER SCHOOLS FOR IMPLEMENTATION OF AN ALTERNATIVE WHOLE SCHOOL DESIGN USING PROJECT-BASED LEARNING. THE ORGANIZATION PROVIDES COACHING AND TRAINING SERVICES, AS WELL AS CURRICULUM RESOURCES AND A LEARNING MANAGEMENT SYSTEM, FOR PRIMARY AND SECONDARY PUBLIC AND CHARTER SCHOOLS. NTNI SUPPORTS OVER 200 SCHOOLS IN 25 STATES IN THE UNITED STATES AND AUSTRALIA. PRIOR TO JANUARY 1, 2018, NEW TECH NETWORK, INC. WAS THE SOLE MEMBER OF NEW TECHNOLOGY NETWORK, LLC. ON JANUARY 1, 2018, NEW TECHNOLOGY NETWORK, LLC WAS MERGED INTO NEW TECH NETWORK, INC., (COLLECTIVELY REFERRED TO AS "NTNI OR ORGANIZATION").
CARNEGIE CORPORATION OF NEW YORK FOUNDATION GRANT. TO DEVELOP A DISTRICT TALENT PIPELINE TO START SPREAD AND SUSTAIN DEEPER LEARNING MINDSETS AND PRACTICES ACROSS A COHORT OF 6 TO 10 PUBLIC SCHOOL DISTRICTS WITH EMERGING CLUSTERS.
COLLEGE ACCESS NETWORK FOR SCHOOL IMPROVEMENT; NETWORKS FOR SCHOOL IMPROVEMENT (NSI) GRANT FROM THE BILL & MELINDA GATES FOUNDATION (BMGF). THE NTN COLLEGE ACCESS NETWORK PARTNERS WITH A DIVERSE GROUP OF SCHOOLS AND DISTRICTS TO IMPROVE COLLEGE ACCESS BY LEVERAGING CONTINUOUS IMPROVEMENT PRACTICES. THE MULTI-YEAR INITIATIVE IS FOCUSED ON MEASURABLE IMPROVEMENTS IN WELL-MATCHED POSTSECONDARY ENROLLMENT RATES FOR BLACK, LATINO, AND LOW-INCOME STUDENTS AT PARTICIPATING NETWORK SCHOOLS. STARTING WITH THREE DISTRICTS IN TEXAS, THE NTN COLLEGE ACCESS NETWORK NOW PARTNERS WITH FORTY-NINE SCHOOLS IN FIFTEEN DISTRICTS IN ARKANSAS, SOUTHERN CALIFORNIA, AND TEXAS.
LARGE SCHOOL DEISGN BEZOS FAMILY FOUNDATION GRANT. TARGET SCHOOL FOCUS IS IMPLEMENTATIONS BEYOND 1,000 STUDENTS, THIS WORK FOCUS IS ON CODIFYING AN APPROACH TO SUPPORT LARGE SCHOOLS BOTH IN THEIR IMPLEMENTATION EFFORTS AND IN SUSTAINING THE INNOVATIONS AS MEANS TO MEET THE NEEDS OF DISTRICTS AND SCALE OUR MODEL EFFECTIVELY TO MORE LEARNERS WITH SOLUTIONS THAT PROVIDE QUALITY, STUDENT-CENTERED LEARNING EXPERIENCES THAT WILL PREPARE ALL STUDENTS FOR POST-SECONDARY SUCCESS NEED TO DEVELOP A CODIFIED APPROACH TO SUPPORTING LARGE SCHOOLS BOTH IN THEIR IMPLEMENTATION EFFORTS AND IN SUSTAINING THE INNOVATIONS AS MEANS TO MEET THE NEEDS OF DISTRICTS AND SCALE OUR MODEL EFFECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Schuler Board Chair | OfficerTrustee | 1 | $0 |
Chad Wick Director/secretary | OfficerTrustee | 1 | $0 |
Eileen Rudden Director | Trustee | 1 | $0 |
John Simpkins Director | Trustee | 1 | $0 |
Renata Soto Director | Trustee | 1 | $0 |
Timothy Tuff Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agilix Labs Inc Lms Platform Licenses | 6/29/23 | $246,600 |
Powerschool Group Llc Platform Licenses | 6/29/23 | $199,349 |
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 | $2,617,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,617,718 |
| Total Program Service Revenue | $5,626,359 |
| Investment income | $305,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,556,250 |
| 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. | $1,365,959 |
| Compensation of current officers, directors, key employees. | $1,365,959 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,970,841 |
| Pension plan accruals and contributions | $478,844 |
| Other employee benefits | $327,212 |
| Payroll taxes | $530,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,764 |
| Fees for services: Accounting | $138,195 |
| Fees for services: Lobbying | $97,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $542,095 |
| Advertising and promotion | $70,079 |
| Office expenses | $475,102 |
| Information technology | $528,478 |
| Royalties | $0 |
| Occupancy | $493,774 |
| Travel | $614,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,220,604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,463 |
| Insurance | $0 |
| All other expenses | $294,875 |
| Total functional expenses | $13,308,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,542,901 |
| Savings and temporary cash investments | $150,000 |
| Pledges and grants receivable | $793,000 |
| Accounts receivable, net | $462,239 |
| 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 | $271,173 |
| Net Land, buildings, and equipment | $372,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,520 |
| Total assets | $8,594,638 |
| Accounts payable and accrued expenses | $1,355,615 |
| Grants payable | $0 |
| Deferred revenue | $1,531,072 |
| 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 | $2,886,687 |
| Net assets without donor restrictions | $4,914,951 |
| Net assets with donor restrictions | $793,000 |
| 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 | $8,594,638 |