Foundation For Californias Technology And Innovation Economy

Organization Overview

Foundation For Californias Technology And Innovation Economy is located in Los Angeles, CA. The organization was established in 2018. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Californias Technology And Innovation Economy 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 12/2021, Foundation For Californias Technology And Innovation Economy generated $227.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $83.5k during the year ending 12/2021. While expenses have increased by 13.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATING CALIFORNIANS ABOUT THE VITAL ROLE TECHNOLOGY AND INNOVATION PLAYS IN THE ECONOMIC AND CIVIC SUCCESS OF OUR STATE. THROUGH EDUCATION EVENTS, RESEARCH, COMMUNICATIONS, OUTREACH AND ADVOCACY, THE ORGANIZATION WILL SHOWCASE HOW THE TECHNOLOGY AND INNOVATION SECTOR CREATES JOBS, BENEFITS THE STATE BUDGET AND PROMOTES CIVIC ENGAGEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATING LEGISLATORS ABOUT DEVELOPMENTS WITHIN THE TECHNOLOGY INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Gilbert Wong
President/director
$0
Alina Hernandez
Secretary/director
$0
Gina Frisby
Treasurer/director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$391,010
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$391,010
Total Program Service Revenue$0
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 -$163,957
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $227,053

Grants Awarded

Over the last fiscal year, Foundation For Californias Technology And Innovation Economy has awarded $73,000 in support to 2 organizations.

Grant RecipientAmount

Seattle, WA

PURPOSE: DONATION

$63,000

SOCIAL & ENVIRONMENTAL ENTREPRENEURS

Org PageRecipient Profile

Calabasas, CA

PURPOSE: DONATION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Foundation For Californias Technology And Innovation Economy has recieved totaling $55,000.

Awarding OrganizationAmount
Ctia-The Wireless Association

Washington, DC

PURPOSE: GENERAL SUPPORT

$35,000
California Cable & Telecommunications

Sacramento, CA

PURPOSE: GENERAL ASSISTANCE

$20,000
View Grant Recipient Profile

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