Instructional Telecommunications Foundation Inc
- Assets
- $32.7m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Boulder, CO
- Founding
- 01/2001
- Data as of
- 03/2022
- EIN
- 84-0943035
Organization Overview
Instructional Telecommunications Foundation Inc, operating under the name Voqal Usa, is located in Boulder, CO. The organization was established in 2001. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Voqal USA is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 03/2022, Voqal USA generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $10.9m during the year ending 03/2022. While expenses have increased by 16.7% per year over the past 7 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.
Since 2015, Voqal USA has awarded 387 individual grants totaling $29,889,231. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSTRUCTIONAL TELECOMMUNICATIONS FOUNDATION, INC. D/B/A VOQAL USA (THE "FOUNDATION" IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF COLORADO IN JULY 1983. THE FOUNDATION IS ORGANIZED AND WILL BE OPERATED EXCLUSIVELY BOTH FOR "CHARITABLE, SCIENTIFIC, AND EDUCATIONALX AND "SOCIAL WELFARE" PURPOSES (SUCH TERMS HAVING THE MEANING PROVIDED UNDER SECTIONS 501(C)(3) AND 501(C)(4), RESPECTIVELY, OF THE INTERNAL REVENUE CODE OF 1986 ("I.R.C"). TO SUCH END, THE FOUNDATION SHALL, AMONGST OTHER EFFORTS, UNDERTAKE ACTIVITIES TO:- SUPPORT THE PROVISION OF QUALITY AND DIVERSE INSTRUCTIONAL MEDIA CONTENT AND CAPABILITIES TO EDUCATORS AND STUDENTS, INCLUDING, BUT NOT LIMITED TO, DATA SERVICES AND INSTRUCTIONAL VIDEO PROVIDED TO ACCREDITED EDUCATIONAL INSTITUTIONS AND GOVERNMENTAL ORGANIZATIONS ENGAGED IN THE FORMAL EDUCATION OF ENROLLED STUDENTS;- FOSTER OPEN, HONEST AND OUTSPOKEN MEDIA THAT HELP USERS TO BE A POPULAR DEMOCRATIC CHECK ON BOTH GOVERNMENT POWER AND CONCENTRATED PRIVAT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOBILE CITIZEN: ON BEHALF OF VOQAL USA, MOBILE CITIZEN PLACED LTE WIRELESS BROADBAND ACCOUNTS WITH SCHOOLS AND NONPROFITS NATIONWIDE IN FISCAL YEAR 2022. THE ESTIMATED NUMBER OF LTE WIRELESS BROADBAND ACCOUNTS IS BASED ON VOQAL USA'S OWNERSHIP PERCENTAGE OF ALL ACTIVE ACCOUNTS AT FISCAL YEAR-END.
VOQAL USA MAINTAINS A SEPARATE GRANTMAKING PROGRAM.
VOQAL USA PARTICIPATES IN THE EDUCATION OPPORTUNITY PROJECT (EOP). THE EOP AIMS TO MEASURABLY REDUCE EDUCATIONAL OPPORTUNITY GAPS BY PROVIDING CAPITAL AND STRATEGIC ADVICE TO ENTREPRENEURS AND ORGANIZATIONS TO IMPROVE EDUCATIONAL OUTCOMES FOR DISADVANTAGES POPULATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Traynor Director & VP | OfficerTrustee | 4 | $313 |
Ashindi Maxton Director | Trustee | 1 | $313 |
Kevin Lindsay Director | Trustee | 1 | $313 |
John Schwartz Director & Pres | OfficerTrustee | 23 | $0 |
Barbara Hunter CFO | Officer | 4 | $0 |
Kim Bubon Asst. Secretary | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robbins Russell Englert Orseck & Untereine Legal | 3/30/22 | $210,047 |
Ebs Support Services Mgmt Services | 3/30/22 | $1,445,109 |
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 | $7,253,344 |
| Investment income | $360,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,067,468 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,038,413 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,715,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,482,745 |
| 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. | $938 |
| Compensation of current officers, directors, key employees. | $938 |
| 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 | $1,063,609 |
| Fees for services: Legal | $267,400 |
| Fees for services: Accounting | $16,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $116,216 |
| Fees for services: Other | $223,880 |
| Advertising and promotion | $0 |
| Office expenses | $185,311 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,252 |
| Travel | $40,240 |
| 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 | $4,226 |
| All other expenses | $9,028 |
| Total functional expenses | $10,948,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,243,415 |
| Savings and temporary cash investments | $1,765,206 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $204,357 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,567 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,494,722 |
| Investments—other securities | $0 |
| Investments—program-related | $8,051,000 |
| Intangible assets | $0 |
| Other assets | $415,052 |
| Total assets | $32,699,319 |
| Accounts payable and accrued expenses | $333,372 |
| Grants payable | $897,756 |
| Deferred revenue | $408,669 |
| 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 | $0 |
| Total liabilities | $1,639,797 |
| Net assets without donor restrictions | $31,059,522 |
| 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 | $32,699,319 |
Grants Awarded
Over the last fiscal year, Instructional Telecommunications Foundation Inc has awarded $4,472,745 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: CORE SUPPORT | $550,500 |
Amherst, MA PURPOSE: CORE SUPPORT/PIPER ACTION FUND | $121,000 |
Washington, DC PURPOSE: CORE SUPPORT | $121,000 |
Richmond, CA PURPOSE: CORE SUPPORT | $121,000 |
Washington, DC PURPOSE: CORE SUPPORT | $121,000 |
Washington, DC PURPOSE: DEFEND DIRECT DEMOCRACY | $103,320 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Instructional Telecommunications Foundation Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
The Center For Cultural Power Oakland, CA PURPOSE: SPIN-OFF OF PROGRAM | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Central Utah Telephone Association Inc Escalante, UT | $109,120,426 | $33,441,414 |
Craw-Kan Telephone Cooperative Inc Girard, KS | $75,521,936 | $30,625,152 |
Instructional Telecommunications Foundation Inc Boulder, CO | $32,699,319 | $13,715,740 |
Native Public Media Inc Flagstaff, AZ | $849,086 | $528,756 |
Rocky Mountain Ham Radio Inc Evergreen, CO | $243,642 | $393,505 |
Arivaca Community Internet Arivaca, AZ | $97,408 | $244,290 |
Wet Mountain Broadcasting Corp Westcliffe, CO | $215,331 | $0 |
Oklahoma Municipal Service Corporation Oklahoma City, OK | $156,268 | $0 |
Bush Telegraph Mission Phoenix, AZ | $0 | $0 |
Law Matters Tucson, AZ | $11,354 | $0 |