Tech Impact
- Assets
- $10.9m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 142
- Location
- Philadelphia, PA
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 74-3062511
Organization Overview
Tech Impact is located in Philadelphia, PA. The organization was established in 2003. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Tech Impact employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech Impact 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, Tech Impact generated $15.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $11.9m during the year ending 06/2022. While expenses have increased by 16.1% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER COMMUNITIES AND NONPROFITS TO USE TECHNOLOGY TO BETTER SERVE OUR WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TECHNOLOGY ASSISTANCE NEEDED FOR NON-PROFITS TO MEET THEIR MISSIONS MORE EFFICIENTLY AND EFFECTIVELY, THE MAJORITY OF WHICH PROVIDES DIRECT SERVICES TO UNDER-SERVED COMMUNINITY MEMBERS. OF OUR MEMBER ORGANIZATIONS, APPROXIMATELY 200 ARE PROVIDING DIRECT SUPPORT TO OUR COMMUNITY IN WORKFORCE DEVELOPMENT, HEALTH, HUMAN SERVICES, AND COMMUNITY DEVELOPMENT. OUR REMAINING MEMBERS SERVE THE COMMUNITY THROUGH CULTURAL INITIATIVES, ART, AND ADVOCACY. IN TOTAL, BY HELPING THE NON-PROFITS WHO PROVIDE THEM SERVICES, TECH IMPACT'S SERVICES HAVE AN IMPACT ON HUNDREDS OF THOUSANDS OF INDIVIDUALS IN OUR COMMUNITY EACH YEAR. OVER 300 ORGANIZATIONS RELY ON TECH IMPACT FOR REGULAR TECHNOLOGY MAINTENANCE. THESE SERVICES DEMONSTRATE AN ORGANIZATION'S COMMITMENT TO BEING STABLE AND SECURE AND PROVIDE THE REGULAR MAINTENANCE THEY NEED TO REMAIN IN BUSINESS. OVER 300 INDIVIDUALS RECEIVED 2,500 HOURS OF TRAINING ON PRODUCTIVITY SOFTWARE.
ITWORKS PROGRAM OFFERS A FREE, IMMERSIVE IT TRAINING PROGRAM TO VULNERABLE YOUNG ADULTS (HIGH ACHIEVING HIGH SCHOOL GRADUATES, 18-24, WHO HAVE NOT MOVED ON TO COLLEGE). STUDENTS RECEIVE A PROFESSIONAL CERTIFICATION IN IT AND A REAL-WORLD INTERNSHIP INSIDE LEADING CORPORATIONS AND NON-PROFITS. THE GOAL IS TO HAVE GRADUATES GAIN A MARKETABLE SKILL SET, IMPROVED CONFIDENCE, LEADERSHIP ABILITIES, AND A BROAD UNDERSTANDING OF THE NON-PROFIT COMMUNITY AND ITS INTERACTIONS. THEIR SALARIES ARE INCREASED BY 100% ON AVERAGE, AND THEY BEGIN ON THE PATH TO A PROMISING CAREER. TECH IMPACT ALSO OFFERS A SECOND PROGRAM FOR VULNERABLE YOUNG ADULTS NAMED CXWORKS, WHICH TEACHES CUSTOMER SERVICE AND CALL CENTER SKILLS, PREPARING THE STUDENTS FOR ENTRY LEVEL CAREERS IN CUSTOMER SERVICE AND CALL CENTER POSITIONS AT SUSTAINABLE WAGES.
PUNCHCODE OFFERS AN IMMERSIVE CODING BOOTCAMP TEACHING SKILLS IN APPLICATION DEVELOPMENT THAT WILL ALLOW STUDENTS TO PURSUE CAREERS IN THE GROWING IT SECTOR IN LAS VEGAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Jaskot Chair | OfficerTrustee | 1 | $0 |
Nancy Burd Vice Chair | OfficerTrustee | 1 | $0 |
Randall Gaboriault Treasurer | OfficerTrustee | 1 | $0 |
James Johnson II Secretary | OfficerTrustee | 1 | $0 |
Debbie Banko Director | Trustee | 1 | $0 |
Sandrea Behrens Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $20,150 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,089,312 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,501,663 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,611,125 |
| Total Program Service Revenue | $6,322,197 |
| Investment income | $84,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $66,964 |
| Net Income from Fundraising Events | $204,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,289,025 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,461,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $867,047 |
| Payroll taxes | $514,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $97,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,040 |
| Fees for services: Other | $2,063,011 |
| Advertising and promotion | $368,357 |
| Office expenses | $461,746 |
| Information technology | $15,817 |
| Royalties | $0 |
| Occupancy | $356,591 |
| Travel | $88,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,134 |
| Insurance | $49,590 |
| All other expenses | $286,789 |
| Total functional expenses | $11,932,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,438 |
| Savings and temporary cash investments | $4,904,299 |
| Pledges and grants receivable | $2,750,354 |
| Accounts receivable, net | $1,118,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $113,359 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $332,164 |
| Net Land, buildings, and equipment | $1,062,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,703 |
| Total assets | $10,895,345 |
| Accounts payable and accrued expenses | $1,028,436 |
| Grants payable | $0 |
| Deferred revenue | $214,082 |
| 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 | $79,593 |
| Total liabilities | $1,322,111 |
| Net assets without donor restrictions | $5,951,172 |
| Net assets with donor restrictions | $3,622,062 |
| 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 | $10,895,345 |