North Carolina Technology Association Inc
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Raleigh, NC
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 56-1821165
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 12/2022, 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 12/2022, North Carolina Technology Association Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.7m 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 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 600 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) | Role | Hours | Compensation |
|---|---|---|---|
Bojan Cukic Member | Trustee | 1 | $0 |
Brian Baker Member | Trustee | 1 | $0 |
Brian Gregory Member | Trustee | 1 | $0 |
Byron Kirkland Member | Trustee | 1 | $0 |
Carolyn Saacke Member | Trustee | 1 | $0 |
Chris Downie Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $886,255 |
| 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 | $886,255 |
| Total Program Service Revenue | $260,229 |
| 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 | $463,879 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,615,947 |
| 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. | $694,140 |
| Compensation of current officers, directors, key employees. | $146,969 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,628 |
| Pension plan accruals and contributions | $20,967 |
| Other employee benefits | $49,717 |
| Payroll taxes | $52,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $37,008 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,759 |
| Advertising and promotion | $2,479 |
| Office expenses | $55,585 |
| Information technology | $112,465 |
| Royalties | $0 |
| Occupancy | $88,258 |
| Travel | $16,437 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $340 |
| Insurance | $0 |
| All other expenses | $7,049 |
| Total functional expenses | $1,672,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $762,831 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $313,560 |
| 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 | $56,323 |
| Net Land, buildings, and equipment | $1,326 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $219,894 |
| Total assets | $1,353,934 |
| Accounts payable and accrued expenses | $92,769 |
| Grants payable | $0 |
| Deferred revenue | $228,555 |
| 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 | $147,858 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $397,248 |
| Total liabilities | $866,430 |
| Net assets without donor restrictions | $487,504 |
| 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 | $1,353,934 |