Technica
- Assets
- $88.1k
- Revenue
- $166.6k
- Investments
- $0.0
- Employees
- 0
- Location
- College Park, MD
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 47-4760280
Organization Overview
Technica is located in College Park, MD. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technica 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, Technica generated $166.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $215.0k during the year ending 12/2022. 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
TO PROMOTE DIVERSITY IN THE TECHNOLOGY INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICA HACKS NOW SERVES THOUSANDS OF HACKERS OVER 6 CONTINENTS. BELOW IS A SUMMARY OF ITS ACCOMPLISHMENTS FOR 2022. WE WELCOMED OVER 1200 TOTAL HACKERS, BOTH IN-PERSON AND VIRTUALLY, ACROSS 15 COUNTRIES AND 4 CONTINENTS. WE IMPLEMENTED A HYBRID EVENT FORMAT AND ORGANIZED A HACKATHON THAT PROVIDES THE ABILITY TO ATTEND BOTH IN-PERSON AND VIRTUALLY. WE EXPANDED OUR REACH AND IMPACT BY HOSTING REGULAR EVENTS, WORKSHOPS, AND PROGRAMS THROUGHOUT THE YEAR, AND STAYING IN TOUCH WITH OUR COMMUNITY THROUGH DISCORD AND MONTHLY NEWSLETTERS. WE HAD A FOCUS ON EVENT DIVERSITY, ACCESSIBILITY & INCLUSIVITY BY CHANGING TO A MORE ACCESSIBLE VENUE, UTILIZING ALTERNATIVE TEXT AND CLOSED CAPTIONING, INVITING INTERPRETERS, AND REACHING OUT TO MORE DIVERSE SPEAKERS AND ATTENDEES. WE BROUGHT BACK THE IN-PERSON HACKATHON EXPERIENCE VIA BUS TRAVEL TO AND FROM UNIVERSITIES, REIMBURSING FLIGHTS AND DRIVES, AND OFFERING HOTEL ROOMS FOR THE FIRST TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashlee Nanze Co Executive Director | Officer | 6 | $0 |
Joy Wang Co Executive Director | Officer | 6 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $166,639 |
| 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 | $166,639 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $265 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $188,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $214,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,066 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,066 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $88,066 |
| 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 | $88,066 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Technica has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
David & Kathleen Husman Family Foundation Northbrook, IL PURPOSE: SCIENTIFIC | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Educational Commission For Foreign Medical Graduates Philadelphia, PA | $218,692,756 | $72,786,979 |
National Center For Research In Advanced Information & Digital Tec Washington, DC | $0 | $38,475,850 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Education Trust Inc Washington, DC | $60,384,663 | $28,594,144 |
Fwdus Education Fund Inc Washington, DC | $39,522,128 | $52,902,160 |
Chiefs For Change Washington, DC | $30,000,112 | $22,072,365 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |