Tecbridge
- Assets
- $122.2k
- Revenue
- $253.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Scranton, PA
- Founding
- 08/2005
- Data as of
- 06/2022
- EIN
- 68-0536193
Organization Overview
Tecbridge is located in Scranton, PA. The organization was established in 2005. According to its NTEE Classification (U19) the organization is classified as: Support N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2022, Tecbridge employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tecbridge 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 06/2022, Tecbridge generated $253.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $229.7k 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
WORK WITH COMMUNITY PARTNERS TO PROMOTE ENTREPRENEURSHIP, INNOVATION AND THE KNOWLEDGE ECONOMY IN NEPA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES BUSINESS GUIDANCE AND FUNDING TO ENTREPRENEURS IN NEPA THROUGH ITS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Kimmel Board Co-Chair | Trustee | 1 | $0 |
Dr Gary Lawler Board Co-Chair | Trustee | 1 | $0 |
Kristine Augustine Secretary | Trustee | 1 | $0 |
Rob Bresnahan Treasurer | Trustee | 1 | $0 |
Lynn Banta Director | Trustee | 1 | $0 |
Dr Marwan Wafa Director | Trustee | 1 | $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 | $87,258 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,258 |
| Total Program Service Revenue | $96,350 |
| 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 | $253,458 |
| 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. | $76,820 |
| Compensation of current officers, directors, key employees. | $7,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,110 |
| Payroll taxes | $7,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,360 |
| Advertising and promotion | $6,072 |
| Office expenses | $359 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $482 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,498 |
| All other expenses | $7,284 |
| Total functional expenses | $229,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,553 |
| 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 | $122,153 |
| Accounts payable and accrued expenses | $46,423 |
| 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 | $89,500 |
| Total liabilities | $135,923 |
| Net assets without donor restrictions | $0 |
| 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 | -$13,770 |
| Total liabilities and net assets/fund balances | $122,153 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Src International Inc North Syracuse, NY | $7,720,504 | $0 |
Tecbridge Scranton, PA | $122,153 | $253,458 |
Buffalo Area Engineering Awareness For Minorities Inc C/O Suny Ab Buffalo, NY | $104,548 | $0 |
The Salon Family Foundation Inc Armonk, NY | $1,275,692 | $159,889 |
Learning Curve Usa Inc New York, NY | $819 | $0 |
Global Bioethics Initiative Inc New York, NY | $5 | $0 |
Mahesh Parusha Foundation Inc Ellicott City, MD | $0 | $0 |
New England Animal Health Inc Bay Shore, NY | $147,951 | $0 |