Hubzone Technology Initiative Inc
- Assets
- $8.9k
- Revenue
- $57.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Henderson, NC
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-3153294
Organization Overview
Hubzone Technology Initiative Inc is located in Henderson, NC. The organization was established in 2019. According to its NTEE Classification (U41) the organization is classified as: Computer Science, 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. Hubzone Technology Initiative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRIDGE THE DIGITAL DIVIDE BY PROVIDING INDIVIDUALS WITH TECHNOLOGY TO ACHIEVE THEIR EDUCATIONAL AND CAREER GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HTI WAS ABLE TO DONATE 325 CHROMEBOOKS TO THE COMMUNITIES WE SERVE DURING 2022. ALTHOUGH THIS IS HALF OF OUR 2022 GOAL, IT IS MORE THAN DOUBLE WHAT WE DONATED IN 2021 WE HAVE ADDED SEVERAL PARTNERING ORGANIZATIONS TO OUR TEAM, INCLUDING ATAP 4 AUTISM IN VANCE COUNTY. WE ARE IN THE PROCESS OF DEVELOPING A DIGITAL SKILLS LITERACY PROGRAM THAT WILL TARGET RESIDENTS OF VANCE COUNTY. HTI CONTINUES TO SPREAD AWARENESS OF OUR MISSION AND IS WORKING TO BE A HOUSEHOLD NAME IN THE COMMUNITIES WE SERVE. IN 2022, WE HELD A VETERAN'S DAY LAPTOP DRIVE IN SEVERAL COUNTIES. OUR ANNUAL EARTH DAY LAPTOP DRIVE ALSO COVERS MULTIPLE COUNTIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brooke Cook Board Member | Trustee | 1.5 | $0 |
Robert Harper Board Member | Trustee | 1.5 | $0 |
Melissa Pettis Board Member | Trustee | 1.5 | $0 |
Matthew Raydo CEO | Officer | 1.5 | $0 |
Don Williams Secretary | Officer | 1.5 | $0 |
Jody Zeugner Treasurer | Officer | 1.5 | $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 | $57,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,001 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,001 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,712 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $65,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,927 |
| Accounts payable and accrued expenses | $1,486 |
| 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 | $4,145 |
| Other liabilities | $0 |
| Total liabilities | $5,631 |
| 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 | $3,296 |
| Total liabilities and net assets/fund balances | $8,927 |