Regional Technology Strategies Inc
- Assets
- $1.6k
- Revenue
- $123.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Carrboro, NC
- Founding
- Data as of
- 12/2017
- EIN
- 56-1759001
Organization Overview
Regional Technology Strategies Inc is located in Carrboro, NC. Regional Technology Strategies 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 12/2017, Regional Technology Strategies Inc generated $123.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $122.1k during the year ending 12/2017. While expenses have increased by 13.6% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGHTEN REGIONAL ECONOMIES BY CREATING BETTER PAYING JOBS AND GREATERWEALTH FOR PEOPLE IN DISADVANTAGED REGIONS WITHIN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATES AND PARTICIPATES IN ACTIVITIES THAT STRENGTHEN REGIONAL ECONOMIES IN THE UNITED STATES. ASSISTS IN THE DEVELOPMENT OF PUBLIC POLICY AND THE EDUCATION OF POLICY MAKERS WHOSE GOALS ARE TO IMPLEMENT IMPROVEMENTS IN THE INFRASTRUCTURE, RESOURCES, WORK FORCE AND ABILITIES NEEDED TO PRODUCE AND MAKE BETTER USE OF ADVANCED TECHNOLOGIES. ADDRESSES THE NEEDS OF DISABLED REGIONS AND THEIR POPULATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Trent Williams Chief Executive Officer | Officer | 40 | $78,000 |
Jane Smith Patterson Chairperson | OfficerTrustee | 0.3 | $0 |
William Bishop Board Member | Trustee | 0.3 | $0 |
Hodding Carter Board Member | Trustee | 0.3 | $0 |
Bob Nash Board Member | Trustee | 0.3 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $120,947 |
| 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 | $123,500 |
| 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. | $78,642 |
| 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 | $5,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,777 |
| Information technology | $4,072 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,326 |
| 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 | $0 |
| Insurance | $337 |
| All other expenses | $0 |
| Total functional expenses | $122,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,609 |
| 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 | $1,609 |
| Accounts payable and accrued expenses | $26,512 |
| 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 | $26,512 |
| Unrestricted restricted net Assets | -$24,903 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$24,903 |
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Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Charity Global Inc Hagerstown, MD | $173,056,021 | $101,611,139 |
Truth Initiative Foundation Washington, DC | $1,008,096,015 | $92,158,475 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
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