One-Tech Foundation
- Assets
- $134.6k
- Revenue
- $161.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Weddington, NC
- Founding
- Data as of
- 12/2021
- EIN
- 85-2431024
Organization Overview
One-Tech Foundation is located in Weddington, NC. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One-Tech Foundation 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, One-Tech Foundation generated $161.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 62.5% each year . All expenses for the organization totaled $71.8k during the year ending 12/2021. While expenses have increased by 28.3% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONEY TO SUPPORT EDUCATION OF AN INDIVIDUAL INCLUDING MENTAL HEALTH
SUPPORT AN IMMIGRANT MOTHER TO HELP EDUCATION OF A DAUGHTER
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $161,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $161,900 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $71,757 |
| Total expenses and disbursements | $71,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,595 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $134,595 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, One-Tech Foundation has awarded $71,757 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ASMA KHATOON PURPOSE: SUPPORT DAUGHTERS FOR EDUCATION | $47,024 |
ZEBA RAHMAN PURPOSE: EDUCATION ASSISTANCE | $19,233 |
SHAWN RAHMAN PURPOSE: PROMOTE EDUCATION | $5,500 |
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|---|---|---|
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The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
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Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |
Grace Christian Academy Of Leipers Fork Franklin, TN | $10,280,279 | $8,867,909 |
Healthmpowers Inc Norcross, GA | $4,830,831 | $6,606,779 |
Manna Cafe Ministries Clarksville, TN | $2,290,772 | $5,669,916 |
Innovative Education Partnership Corporation Maryville, TN | $1,869,912 | $5,283,927 |
Association For The Advancement Of Education Inc Saxapahaw, NC | $14,393,237 | $5,390,894 |
Ready For School Ready For Life Greensboro, NC | $5,692,106 | $6,572,581 |
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