Tech For Troops
- Assets
- $340.9k
- Revenue
- $579.2k
- Investments
- $0.0
- Employees
- 22
- Location
- Richmond, VA
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 47-1465185
Organization Overview
Tech For Troops is located in Richmond, VA. The organization was established in 2014. According to its NTEE Classification (W02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Tech For Troops employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech For Troops 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 12/2022, Tech For Troops generated $579.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $698.7k during the year ending 12/2022. While expenses have increased by 14.3% per year over the past 7 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
TECH FOR TROOPS IS DEDICATED TO EMPOWERING VETERANS AND THEIR FAMILIES WITH COMPUTERS SKILLS, AND INFORMATION TECHNOLOGY (IT) WORK FORCE TRAINING BY COLLECTING USED TECHNOLOGY THAT WOULD USUALLY END UP IN LANDFILLS, THEN REFURBISHING THE LAPTOPS AND OTHER DEVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE USED COMPUTER EQUIPMENT, REFURBISH IT TO PUT IT BACK INTO USE BY GIFTING TO IN NEED VETERANS AND THEIR FAMILIES OR SELLING IT AT A VERY LOW COST TO VETERANS OUTSIDE OF THE RICHMOND, VA AREA. WE ALSO SELL COMPUTER PARTS AND RESPONSIBLY RECYCLE COMPUTER SCRAP KEEPING IT OUT OF THE LANDFILL.
PROVIDE COMPLETE 100% DATA DESTRUCTION TO CORPORATIONS AND INDIVIDUALS WHO ARE CONCERNED WITH DATA SECURITY.
PROVIDE ON-THE-JOB, CLASSROOM TRAINING FOR VETERANS, PROVIDING COMPUTER LITERACY, JOB SKILLS AND BUSINESS CONNECTIONS FOR A CAREER OR JOB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Vittone Chairman | OfficerTrustee | 3.5 | $0 |
Viki Armentrout Secretary | OfficerTrustee | 6 | $0 |
Anthony Nienaber Director | Trustee | 3 | $0 |
Jeffrey Beaudoin Director | Trustee | 3.5 | $0 |
Richard Fleming Director | Trustee | 3.5 | $0 |
Caroline Peters Director | Trustee | 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 | $180,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,029 |
| Total Program Service Revenue | $380,549 |
| 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 | $18,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,196 |
| 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 | $364,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,323 |
| Office expenses | $31,044 |
| Information technology | $17,561 |
| Royalties | $0 |
| Occupancy | $53,573 |
| Travel | $2,648 |
| 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 | $12,618 |
| Insurance | $5,297 |
| All other expenses | $0 |
| Total functional expenses | $698,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,000 |
| Prepaid expenses and deferred charges | $1,648 |
| Net Land, buildings, and equipment | $24,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136,953 |
| Total assets | $340,927 |
| Accounts payable and accrued expenses | $5,340 |
| 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 | $94,957 |
| Total liabilities | $100,297 |
| Net assets without donor restrictions | $240,630 |
| 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 | $340,927 |