Arizona Technology Council
- Assets
- $686.2k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 34
- Location
- Phoenix, AZ
- Founding
- 09/1998
- Data as of
- 12/2022
- EIN
- 86-0684848
Organization Overview
Arizona Technology Council is located in Phoenix, AZ. The organization was established in 1998. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2022, Arizona Technology Council employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Technology Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Arizona Technology Council generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 4.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT AND STRENGTHEN ARIZONA'S TECHNOLGY INDUSTRY AND COMMUNITY, PROMOTE STATE AND FEDERAL POLICIES THAT ENHANCE ARIZONA'S TECHNOLOG INDUSTRY, DELIVER QUALITY CONTENT AND EVENTS TO EDUCATE THOSE WORKING IN ARIZONA'S EXPANDING TECHNOLOGY SECTOR, AND ACCELERATE THE INNOVATION AND ENTREPRENEURIAL MINDSET ALREADY PRESENT IN OUR GROWING STARTUP ECOSYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNOR'S CELEBRATION OF INNOVATION ( GCOI) - ANNUAL AWARDS GALA HONORING TECHNOLGY LEADERS, INNOVATORS, AND ACADEMICS FROM ACROSS THE STATE. THE EVENT ATTRACTS OVER 750 ATTENDESS EACH YEAR FOR A NIGHT OF NETWORKING, FOOD, DRINKS, AND ENTERTAINMENT. THE EVENT ALSO INCULDES THE TECH SHOWCASE THAT FEATURES OVER 50 ARIZONA COMPAINES SHOWCASING THEIR INNOVATIONS. THESE COMPAINES INCULDE THE AWARD FINALISTS, FUTURE INNOVATORS AND GCOI SPONSORS
CYBERSECURITY SUMMIT - AN OPPORTUNITY FOR BOTH BUSINESS AND GOVERNMENT TECHNOLOGY LEADERS TO LEARN ABOUT CURRENT THREATS VULNERABILITIES, AND CONSEQUENCES RELATED TO DATA SECURITY AND PRIVACY MATTERS. THIS EDUCATIONAL SUMMIT PROVIDES ACTIONABLE SOLUTIONS, AS NUMEROUS COUNSEL AND ACTRA MEMBER ORGANIZATIONS SHOWCASE THEIR AVAILABLE RESOURCES, PRODUCTS AND SERVICES GEARED TOWARDS HELPING PROTECT INTELLECTUAL PROPERTY AND CUSTOMER DATA. THE COUNCIL ALSO HOSTS A CYBERSECURITY LUNCH FORUM ANNUALLY IN DECEMBER.
TECH AND BUSINESS EXPO - THE SOUTHERN ARIZONA TECH AND BUSINESS EXPO IS THE BIGGEST TECHNOLGY EVENT OF THE YEAR IN TUCSON. ATTRACTING OVER 400 ATTENDEES AND OVER 50 EXHIBITORS, THE EVENT INCULDES EDUCATION, NETWORKING, AND A TECHNOLGY AWARDS CEREMONY. EXHIBITORS ARE ENCOURGED TO SHOWCASE THE TECHNOLOGIES INVOLED IN THEIR PRODUCTS AND SERVICES.
CEO LEADERSHIP RETREAT - A TWO-DAY CEO RETREAT THAT GATHERS BUSINESS OWNERS, PRESIDENTS, AND CEOS FOR GOLF, NETWORKING, PANELS, PRESENTATIONS, KEYNOTES, AND WORKSHOPS, THIS EVENT IS ONLY OPEN TO ORGANIZATIONS' HIGHST-RANKING EXECUTIVE AND EVENT SPONSORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Zylstra President/ceo | OfficerTrustee | 40 | $309,403 |
Alex Iuorio Vice Chair | OfficerTrustee | 1 | $0 |
Kevin Campbell Director | Trustee | 1 | $0 |
Reetika Dhawan Director | Trustee | 1 | $0 |
Calline Sanchez Director | Trustee | 1 | $0 |
Carol Stewart Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $527,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,211 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $698,481 |
| Total Program Service Revenue | $1,583,519 |
| 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 | $2,393,813 |
| 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 | $852,729 |
| Pension plan accruals and contributions | $32,692 |
| Other employee benefits | $65,914 |
| Payroll taxes | $52,838 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,024 |
| Fees for services: Accounting | $127,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,700 |
| Advertising and promotion | $48,536 |
| Office expenses | $7,743 |
| Information technology | $44,985 |
| Royalties | $0 |
| Occupancy | $77,548 |
| Travel | $24,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $330,223 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $983 |
| Insurance | $7,407 |
| All other expenses | $53,357 |
| Total functional expenses | $2,121,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,620 |
| Savings and temporary cash investments | $225,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,173 |
| 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 | $33,378 |
| Net Land, buildings, and equipment | $193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,948 |
| Total assets | $686,157 |
| Accounts payable and accrued expenses | $89,061 |
| Grants payable | $0 |
| Deferred revenue | $515,483 |
| 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 | $149,730 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $178,371 |
| Total liabilities | $932,645 |
| Net assets without donor restrictions | -$246,488 |
| 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 | $686,157 |