Tech Alpharetta Inc
- Assets
- $288.9k
- Revenue
- $540.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Alpharetta, GA
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-1769869
Organization Overview
Tech Alpharetta Inc is located in Alpharetta, GA. The organization was established in 2015. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech Alpharetta Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Tech Alpharetta Inc generated $540.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $459.8k during the year ending 12/2022. While expenses have increased by 15.4% per year over the past 8 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 ALPHARETTA IS A TECH ECONOMIC DEVELOPMENT ENGINE FOR THE CITY OF ALPHARETTAWE GROW NEW COMPANIES & NEW JOBS FOR THE CITYWE HELP ATTRACT & RETAIN TECH COMPANIES IN THE CITY WE HELP TO ATTRACT, RETAIN & GROW SKILLED TECH WORKFORCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 WAS A MILESTONE YEAR FOR TECH ALPHARETTATHANKS TO THE ONGOING SUPPORT OF THE CITY OF ALPHARETTA, OUR BOARD, AND OUR EXCEPTIONAL PARTNERSHIP WITH THE CITYS ECONOMIC DEVELOPMENT TEAM, TECH ALPHARETTA SUCCESSFULLY GREW ITS PROGRAMS AND ITS BRAND TO NEW LEVELS IN 2022. TECH ALPHARETTA HAS BECOME AN IMPACTFUL AND WELL-RESPECTED TECH ORGANIZATION THAT HAS HELPED TO FUEL THE GROWTH OF OUR BOOMING, ALPHARETTA TECH ECOSYSTEM AND THE RECOGNITION OF ALPHARETTA AS A WELL-KNOWN TECH HUB. TECH ALPHARETTA IS A TECH ECONOMIC DEVELOPMENT ENGINE FOR THE CITY OF ALPHARETTAWE GROW NEW COMPANIES & NEW JOBS FOR THE CITYWE HELP ATTRACT & RETAIN TECH COMPANIES IN THE CITY WE HELP TO ATTRACT, RETAIN & GROW SKILLED TECH WORKFORCEWE HELP TO BRAND ALPHARETTA AS A TECH HUB WE GROW NEW COMPANIES & NEW JOBS FOR THE CITY3 NEW STARTUP GRADUATES IN 202240-50 TECH STARTUPS INCUBATE AT OUR CENTER AT ANY GIVEN TIME, CREATING NEW SOFTWARE, HARDWARE, MED DEVICES, BIOTECH20 HAVE GRADUATED FROM OUR INCUBATOR SINCE 2015, CREATING 1,188 NEW TECH & SERVICE INDUSTRY JOBS FOR THE CITY & 1854 TOTAL NEW JOBS FOR THE STATE OF GEORGIA THAT JOBS-CREATION # WONT BE STATIC FOR LONG ALPHARETTA-BASED STARTUP GRADS & CURRENT COMPANIES ARE ACTIVELY HIRING MORE EMPLOYEESCURRENT STARTUP TERZO IS HIRING, AS IT EXPANDS AND MOVES CLOSER TO GRADUATING INTO THE COMMUNITY. CURRENTLY APPROX. 20 EMPLOYEES IN ALPHARETTA. 6 STARTUP GRADUATES ACTIVELY HIRING IN ALPHARETTADATASEERS, (WINDWARD PLAZA) (50 EMPLOYEES+ IN ALPHARETTA, 50 IN INDIA)FUSMOBILE, (WINDWARD PARKWAY)(5 LOCAL, 7 INTL, 4 OUT OF STATE)OVALEDGE, (8000 AVALON BLVD.)(15 LOCAL, 250 INTL, 20 OOS)SOLMICROGRID, (8000 AVALON BLVD.)(7 LOCAL, 3 OOS)($55 MILLION MORGAN STANLEY ENERGY PARTNERS INVESTMENT)VERYABLE, (GREAT OAKS WAY)(NEARLY 40 EMPLOYEES IN ALPHARETTA)VOXIE, (LAKEVIEW)(10 LOCAL, 34 OOS)($32 MILLION SERIES A)TECH ALPHARETTA STARTUPS FUNDRAISING SUCCESS?OUR STARTUPS HAVE SUCCESSFULLY RAISED $221 MILLION IN INVESTOR FUNDING SINCE 2015THIS IS AN INCREASE OF NEARLY $40 MILLION FROM 1 YEAR AGO ($182 MILLION IN 12/21)IN ADDITION, THROUGH OUR PARTNERSHIP WITH FCS, WE PLACED 20 FCS HIGH SCHOOL INTERNS WITH OUR TECH ALPHARETTA STARTUPS IN 2022WE HELP TO ATTRACT & RETAIN TECH COMPANIES IN THE CITY. BY GROWING & SUPPORTING A THRIVING TECH ECOSYSTEM IN ALPHARETTAEVENTS 27 EVENTS SERVED2000 TECH EXEC ATTENDEES IN 2022INCUBATOR RUNNING A RENOWNED & SUCCESSFUL TECH STARTUP INCUBATOR, CONNECTING STARTUPS & ENTERPRISEBOARD OFFERING BOARD MEMBER & BOARD COMPANY ENGAGEMENT & THOUGHT LEADERSHIP TO OUR 36 BOARD TECH COMPANIESA THRIVING TECH ECOSYSTEM & OPPORTUNITIES FOR ENGAGEMENT ATTRACT MORE TECH COMPANIES & HELP TO RETAIN THE ONES THAT ARE ALREADY HERE. TECH ALPHARETTA ALSO HELPS TO ATTRACT & RETAIN TECH COMPANIES IN THE CITY BY WORKING IN PARTNERSHIP WITH THE CITYS ECONOMIC DEVELOPMENT TEAM, TO HELP TO RECRUIT NEW COMPANIES & TO PARTICIPATE IN ECONOMIC DEVELOPMENTS MEET & GREETS WITH ESTABLISHED TECH COMPANIES.WE HELP TO ATTRACT, RETAIN & GROW SKILLED TECH WORKFORCE FOR THE CITYGROWING & SUPPORTING A THRIVING TECH ECOSYSTEM IN ALPHARETTATECH ALPHARETTAS WOMENS FORUMS STEAM MENTORING PROGRAM IS HELPING TO GROW THE NEXT GENERATION STEAM WORKFORCE IN ALPHARETTATECH ALPHARETTAS PARTICIPATION IN THE ATLUNLOCKED INITIATIVE PROVIDED TREMENDOUS VISIBILITY TO TECH ALPHARETTA AND THE CITYABOUT TO LAUNCH 1ST Q 2023: OUR TECH STUDIO TECHNICAL TRAINING & LEADERSHIP DEVELOPMENT COURSES, POWERED BY TLG & WNS WE HELP TO BRAND ALPHARETTA AS A TECH HUB758 SOCIAL MEDIA POSTS IN 2022 (LINKED IN, TWITTER, FB)827 ARTICLES MENTIONED TECH ALPHARETTA 179 MILLION MEDIA IMPRESSIONS28 BLOGS6 PODCASTS4 EXECUTIVE SPOTLIGHT VIDEOS4 PRESS RELEASES90 ENEWSLETTERS SENT WEEKLY TO OUR CONTACT LIST OF5000 TECH EXECUTIVES SPECIAL THANKS TO OUR PR & DIGITAL MARKETING SERVICES FIRM TK AND TO OUR COMMERCIAL VIDEO PRODUCTION FIRM VLINK SOLUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Nagrowski Chairman | OfficerTrustee | 1 | $0 |
David Albano Treasurer | OfficerTrustee | 1 | $0 |
Felipe Smolka Board Mbr | Trustee | 1 | $0 |
Ben Andrews Comm Ptnr | Trustee | 1 | $0 |
Jessica Fang Board Mbr | Trustee | 1 | $0 |
Lance Morsell Board Mbr | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,202 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,305 |
| Total Program Service Revenue | $373,782 |
| 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 | $77,432 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $540,519 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $260,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,632 |
| Advertising and promotion | $6,821 |
| Office expenses | $10,109 |
| Information technology | $14,228 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,881 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $714 |
| Interest | $42 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,952 |
| Insurance | $3,477 |
| All other expenses | $13,324 |
| Total functional expenses | $459,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,376 |
| 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 | $11,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $288,927 |
| 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 | $9,127 |
| Total liabilities | $9,127 |
| Net assets without donor restrictions | $279,800 |
| 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 | $288,927 |
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Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
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Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
Serc Reliability Corporation Charlotte, NC | $16,241,101 | $25,718,150 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |