Northern Virginia Technology Council Inc
- Assets
- $2.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Falls Church, VA
- Founding
- 05/1992
- Data as of
- 06/2022
- EIN
- 62-1471948
Organization Overview
Northern Virginia Technology Council Inc is located in Falls Church, VA. The organization was established in 1992. 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. As of 06/2022, Northern Virginia Technology Council Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Virginia Technology Council 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 06/2022, Northern Virginia Technology Council Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. 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
ADVOCATE OF TECHNOLOGY BUSINESS IN NORTHERN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS, PROGRAM, AND MEMBER SERVICES - NVTC HOSTED TWO INDUSTRY SUMMITS (ARTIFICIAL INTELLIGENCE AND CYBER SECURITY), FOUR AWARDS EVENTS (DATA CENTER AWARDS, CYBER AWARDS, TECH 100, AND CFO AWARDS), AND OVER 90 VIRTUAL MEMBER CONTENT PROGRAMMING EVENTS INCLUDING LET'S TALK TECH, MASTERS OF LEADERSHIP, DATA SCIENCE SPEAKERS SERIES, AND COMMUNITIES OF INTEREST. LEADING INDUSTRY EXPERTS ATTRACT AN ENGAGED AUDIENCE WITH SOME EVENTS EXCEEDING OVER 400 ATTENDEES. NVTC OFFERS MEMBERS NETWORK OPPORTUNITIES, EDUCATIONAL PROGRAMMING, AND MEMBER BENEFITS.
PUBLIC POLICY - NVTC'S LEGISLATIVE AGENDA IS INFORMED BY THE EXECUTIVE COMMITTEE TO HELP ADVANCE NVTC 'S MISSION. THE AGENDA IS SUPPORTED WITH LOBBYING EFFORTS BY NVTC. WE INCLUDE EVENTS, MEETINGS AND PROGRAMS TO HELP FULFILL OUR PUBLIC POLICY AND LEGISLATIVE EFFORTS. APPROXIMATELY 11.1% OF NVTC MEMBERSHIP DUES SUPPORT LEGISLATIVE EFFORTS. FY2022 STATE LOBBYING AND LEGISLATIVE ADVOCACY EFFORTS HELPED ACHIEVE SEVERAL INITIATIVES IN SUPPORT OF VIRGINIA'S TECH INDUSTRY AND NVTC'S LEGISLATIVE AGENDA, WHICH INCLUDES COMPETITIVENESS AND ECONOMIC GROWTH, STEM EDUCATION AND WORKFORCE, AND INFRASTRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Taylor President & CEO | OfficerTrustee | 40 | $335,312 |
Christine Kallivokas COO | 40 | $162,564 | |
Stephen G Upton Chief Growth Officer | 40 | $151,680 | |
Randy Cisler Controller | 40 | $121,937 | |
Yolanda Lee Manag Dir Mbshp & Business Dev | 40 | $110,026 | |
Tarin Horan Senior Director Of Programs & Events | 40 | $109,673 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $320,613 |
| 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 | $320,613 |
| Total Program Service Revenue | $3,312,495 |
| Investment income | $120 |
| 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 | $3,676,796 |
| 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. | $399,464 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,256,401 |
| Pension plan accruals and contributions | $61,773 |
| Other employee benefits | $65,361 |
| Payroll taxes | $98,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $224,907 |
| Fees for services: Lobbying | $3,636 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,540 |
| Advertising and promotion | $241,730 |
| Office expenses | $54,845 |
| Information technology | $154,166 |
| Royalties | $0 |
| Occupancy | $1,476 |
| Travel | $13,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $451,217 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,278 |
| Insurance | $36,231 |
| All other expenses | $15,517 |
| Total functional expenses | $3,233,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,305,073 |
| Savings and temporary cash investments | $167,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $532,441 |
| 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 | $71,616 |
| Net Land, buildings, and equipment | $36,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,113,496 |
| Accounts payable and accrued expenses | $551,459 |
| Grants payable | $0 |
| Deferred revenue | $419,434 |
| 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 | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,120,893 |
| Net assets without donor restrictions | $182,039 |
| Net assets with donor restrictions | $810,564 |
| 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 | $2,113,496 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northern Virginia Technology Council Inc has recieved totaling $55,000.
| Awarding Organization | Amount |
|---|---|
Us Chamber Of Commerce Foundation Washington, DC PURPOSE: Subgrant for NVTC to participate in Talent Pipeline Management project with a focus on information technology. The subgrant contract requires a final report insuring funds were spent as required. | $50,000 |
Carilion Medical Center Roanoke, VA PURPOSE: Corporate Sponsorship | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |