High-Tech Small Town
- Assets
- $19.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeland, TN
- Founding
- Data as of
- 12/2022
- EIN
- 85-2801002
Organization Overview
High-Tech Small Town is located in Lakeland, TN. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High-Tech Small Town 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 12/2022, High-Tech Small Town generated $43.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (29.8%) each year. All expenses for the organization totaled $71.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE BUSINESSES TO LOCATE TECHNICAL TALENT IN ECONOMICALLY DEPRESSED RURAL TOWNS TO PROVIDE NEW EMPLOYMENT OPPORTUNITIES, WORK WITH LOCAL SCHOOL SYSTEMS TO ENGAGE AND EDUCATED SECONDARY STUDENTS IN TECHNOLOGY COURSE, COORDINATE WITH COLLEGES AND TRAINING INSTITUTIONS TO PROVIDE INTERNSHIPS FOR POST-SECONDARY TECHNOLOGY STUDENTS, WORK WITH LOCAL BUSINESSES AND WOULD-BE ENTREPRENEURS TO UTILIZE TECHNOLOGY TO ENABLE COMPETITION OF RURAL BUSINESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis E Powell Director | 0 | $0 | |
Sonia D Powell Director | 0 | $0 | |
William J Albertson Director | 0 | $0 | |
Crista L Albertson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,948 |
| Total Program Service Revenue | $27,101 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $43,049 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,133 |
| Professional fees and other payments to independent contractors | $625 |
| Occupancy, rent, utilities, and maintenance | $50,044 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,401 |
| Total expenses | $71,203 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,132 |
| Other assets | $0 |
| Total assets | $19,606 |
| Total liabilities | $1,041 |
| Net assets or fund balances | $18,565 |