American Council For Technology
- Assets
- $7.2m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Fairfax, VA
- Founding
- 12/1985
- Data as of
- 12/2023
- EIN
- 68-0021892
Organization Overview
American Council For Technology is located in Fairfax, VA. The organization was established in 1985. As of 12/2023, American Council For Technology employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Council For Technology 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 12/2023, American Council For Technology generated $6.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $6.2m during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ACCELERATING GOVERNMENT MISSION OUTCOMES THROUGH COLLABORATION, LEADERSHIP AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND EVENTS: ACT-IAC HOSTS TWO MAJOR CONFERENCES ANNUALLY WHERE GOVERNMENT AND INDUSTRY EXECUTIVES MEET TO DISCUSS HIGH PRIORITY ISSUES AFFECTING THE GOVERNMENT'S USE OF INFORMATION TECHNOLOGY, DEVELOP BEST PRACTICES AND FORGE SUCCESSFUL STRATEGIES FOR CREATING A MORE EFFECTIVE GOVERNMENT. THEY ARE THE EMERGING TECHNOLOGY AND INNOVATION CONFERENCE IN THE SPRING AND IMAGINE NATION ELC IN THE FALL. IN ADDITION, ACT-IAC OFFERS FORUMS AND OTHER EVENTS THROUGHOUT THE YEAR ON THE TOP TOPICS FACING THE FEDERAL TECHNOLOGY MARKET.
PROFESSIONAL DEVELOPMENT: A MAJOR ELEMENT OF THE ACT-IAC MISSION IS TO PROVIDE LEADERSHIP DEVELOPMENT EDUCATION TO ENHANCE THE PROFESSIONAL DEVELOPMENT OF THE GOVERNMENT TECHNOLOGY COMMUNITY. ACT-IAC HAS FOUR MAJOR PROFESSIONAL DEVELOPMENT PROGRAMS FOR GOVERNMENT AND INDUSTRY. THE ASSOCIATES PROGRAM IS AIMED AT ENTRY-LEVEL INDIVIDUALS. THE VOYAGERS PROGRAM IS GEARED TO MID-CAREER EMPLOYEES AND THE PARTNERS PROGRAM PROVIDES SENIOR-LEVEL EMPLOYEES WITH EDUCATION ON STRATEGIC AND POLICY ISSUES. ACT-IAC ALSO RUNS A GROWTH IN LEADERSHIP FOR WOMEN PROGRAM.
IAC MEMBERSHIP: IAC MEMBERSHIP BENEFITS INCLUDE ADVANCING BUSINESS WITH CONNECTIONS TO GOVERNMENT AND INDUSTRY THAT WILL COLLECTIVELY SUPPORT THE MISSION OF THE GOVERNMENT, PROVIDING OPPORTUNITIES TO LEARN DIRECTLY FROM GOVERNMENT AND OTHER INDUSTRY LEADERS AND WORK TOGETHER TO SOLVE PROBLEMS, AND HELP BUILD MEANINGFUL RELATIONSHIPS WITH GOVERNMENT THROUGH COMMITTEES, COMMUNITIES OF INTEREST, CONFERENCES AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wennergren Chief Executive Officer | OfficerTrustee | 40 | $528,866 |
Malcolm Harden Exec Vc Until Jul); Chair (as Of Jul) | OfficerTrustee | 1 | $0 |
Stephanie Mango Vclarge Until Jul); Exec Vice Chair (as Of Jul) | OfficerTrustee | 1 | $0 |
Margie Graves Past Chair | OfficerTrustee | 1 | $0 |
Tim Cooke Vice Chair For Finance | OfficerTrustee | 1 | $0 |
Ellen Anderson Vice Chair At Large | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hershey Entertainment & Resorts Conference Service | 12/30/23 | $507,781 |
Hyatt Regency Cambridge Conference Service | 12/30/23 | $265,144 |
Amaze Strategies Consulting | 12/30/23 | $148,330 |
Meritalk Llc Conference Service | 12/30/23 | $114,598 |
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 | $6,586,809 |
| Investment income | $70,771 |
| 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 | $6,933,600 |
| 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. | $1,158,127 |
| Compensation of current officers, directors, key employees. | $475,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,273,563 |
| Pension plan accruals and contributions | $73,369 |
| Other employee benefits | $166,512 |
| Payroll taxes | $157,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,065 |
| Fees for services: Accounting | $141,615 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,003 |
| Advertising and promotion | $67,219 |
| Office expenses | $456,763 |
| Information technology | $317,402 |
| Royalties | $0 |
| Occupancy | $285,121 |
| Travel | $23,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,770,130 |
| Interest | $2,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,999 |
| Insurance | $25,207 |
| All other expenses | $0 |
| Total functional expenses | $6,200,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $363,430 |
| Savings and temporary cash investments | $1,477,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $456,591 |
| 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 | $347,955 |
| Net Land, buildings, and equipment | $246,912 |
| Investments—publicly traded securities | $1,585,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,751,459 |
| Total assets | $7,229,422 |
| Accounts payable and accrued expenses | $294,012 |
| Grants payable | $0 |
| Deferred revenue | $1,291,955 |
| 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 | $60,437 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,987,882 |
| Total liabilities | $4,634,286 |
| Net assets without donor restrictions | $2,595,136 |
| 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 | $7,229,422 |