North Carolina Technology Association Inc

Organization Overview

North Carolina Technology Association Inc is located in Raleigh, NC. The organization was established in 1994. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, North Carolina Technology Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Technology Association 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 12/2021, North Carolina Technology Association Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE THE ELECTRONICS AND INFORMATION TECHNOLOGY INDUSTRIES THROUGHOUT NORTH CAROLINA THROUGH EDUCATIONAL SEMINARS, PROGRAMS, NEWSLETTERS AND GOVERNMENT MONITORING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NCTA SERVES OVER 500 MEMBER COMPANIES IN THE ELECTRONICS AND INFORMATION TECHNOLOGY INDUSTRY (COMPUTER HARDWARE/SOFTWARE, TELECOMMUNICATIONS & RELATED BUSINESSES) IN PART BY SPONSORING AN ANNUAL MEETING & RELATED ACTIVITIES.


NCTA SPONSORS SEVERAL PRIMARY FORUMS AND SMALLER BRIEFINGS THROUGH ITS EXECUTIVE ENGAGEMENT INITIATIVE. EXECUTIVE ENGAGEMENT PROGRAMS FOCUS ON EMERGING TECHNOLOGIES, BUSINESS SOLUTIONS AND OTHER PERTINENT ISSUES FACING TODAY'S TECHNOLOGY COMPANIES. EVENTS INCLUDE FORUMS AND GUEST SPEAKERS FROM PROMINENT TECHNOLOGY COMPANIES.


NCTA SPONSORS AN ANNUAL LEADERSHIP CONFERENCE WHICH CONVENES LEADERS FROM ACROSS NORTH CAROLINA TO EXPLORE THE STATE OF THE TECHNOLOGY SECTOR, AS WELL AS HOW TECHNOLOGY DRIVES SALES AND INTEGRATES LEADERSHIP TEAMS. THIS CONFERENCE IS AN EXECUTIVE BRIEFING ON THE MID-YEAR ECONOMIC OUTLOOK, PROVIDED BY NATIONALLY PROMINENT ECONOMIST. LEADERS ACROSS A BROAD RANGE OF ORGANIZATIONS ANNUALLY ATTEND THIS CONFERENCE.


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Board, Officers & Key Employees

Name (title)Compensation
Brooks Raiford
President
$454,425
Michelle Calton
Vice President
$144,331
Buffie Rodrie
Vice Chair
$0
Larry Robbins
Secretary
$0
Mark Dirks
Chair
$0
Ron Wainwright Jr
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$831,822
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$831,822
Total Program Service Revenue$189,942
Investment income $2
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $436,340
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,458,106

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