Technology Management Institute Inc
- Assets
- $37.8k
- Revenue
- $19.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Falls Church, VA
- Founding
- Data as of
- 12/2022
- EIN
- 86-3300175
Organization Overview
Technology Management Institute Inc is located in Falls Church, VA. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Technology Management Institute Inc 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, Technology Management Institute Inc generated $19.5k 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 (64.7%) each year. All expenses for the organization totaled $99.3k during the year ending 12/2022. 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
OUR MISSION AND PURPOSE IS TO CONDUCT AND PROMOTE BASIC AND APPLIED RESEARCH OF CONTEMPORARY EDUCATION ISSUES, WHICH INCLUDE BUT ARE NOT LIMITED TO -- PERSPECTIVES FROM INFORMATION TECHNOLOGY, DATA ANALYSIS, CYBER-SECURITY,COGNITIVE SYSTEMS ENGINEERING, INNOVATION/TECHNOLOGY COMMERCIALIZATION AND ENTREPRENEURSHIP. THIS INCLUDES MAKING RECOMMENATIONS REGARDING RELATED POLICY IMPACTS THAT WOULD BE USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSPIRE FELLOWSHIP ------------------------------------------------------------------------ INVESTED TIME TO DEVELOP AND OUTLINE THE FOLLOWING CONCEPT -- INITIATE THE DEVELOPMENT OF AN EXPERIMENTAL 9-MONTH PROGRAM FOCUSED ON UNDERSTANDING AND ASSESSING THE IMPACT OF DISRUPTIVE TECHNOLOGY (E.G., ARTIFICIAL INTELLIGENCE, MACHINE LEARNING, QUANTUM COMPUTING, ETC.) ON A SET OF SPECIFIC BUSINESSES IN CERTAIN GROWTH INDUSTRIES (E.G., LIFE SCIENCES AND DIGITAL GAME DEVELOPMENT). THE PROGRAM WILL BE FURTHER DEVELOPED IN 2023 AND WILL IDENTIFY POTENTIAL LOCAL, STATE AND FEDERAL FUNDING SOURCES.
AMORTIZATION OF ORGANIZATION EXPENSES
TECHNOLOGY ORIENTATION PROGRAMS (TOP) FOR UNDERSERVED STUDENTS --------------------------------------------------------------------------- AN INITIAL CURRICULUM WAS IMPLEMENTED IN THE FALL OF 2022 AND ABOUT 20 STUDENTS COMPLETED THE SEMESTER-LONG PROGRAM, WHICH WAS DESIGNED TO INTRODUCE THE TECHNOLOGY AND BUSINESS INDUSTRY TO STUDENTS IN GRADES 7- 10, BOTH IN THE CLASSROOM SETTINGS AND TROUGH ON-SITE VISITS WITH RENSSELAER COUNTY, NY. CERTIFICATES OF COMPLETION WERE AWARDED TO THE STUDENTS WHO COMPLETED THE PROGRAM.
IC CHIP DESIGN & FABRICATION PROOF OF CONCEPT PROGRAM FOR STEM STUDENTS --------------------------------------------------------------------------- PROVIDED SUPPORT TO ANOTHER 501-C-3 ORGANIZATON, NY DESIGN, TO DEVELOP THE INITIAL PROGRAM WITH EFABLESS AND TO IDENTIFY A SET OF EIGHT ACADEMIC ORGANIZATIONS IN NEW YORK STATE TO PARTICIPATE. SEVERAL STUDENT TEAMS FROM NEW YORK COLLEGES (RENSSELAER POLYTECHNIC INSTITUTE, HUDSON VALLEY COMMUNITY COLLEGE AND MOHAWK VALLEY COMMUNITY COLLEGE) DEVELOPED DESIGNS AND SUBMITTED THEM FOR SILICON CHIP FABRICATION. THE FABRICATED CHIPS WILL BE PROVIDED BACK TO THE STUDENTS IN 2023 FOR TESTING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Thomas Triscari Jr Executive Di | OfficerTrustee | 10 | $2,500 |
Mr Leo Canseco ESQ Director | Trustee | 2 | $2,500 |
Ms MA Teresita Trinchera Director | Trustee | 2 | $2,500 |
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 | $19,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,486 |
| 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 | $19,486 |
| 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. | $7,500 |
| Compensation of current officers, directors, key employees. | $6,250 |
| 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 | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $96 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| 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 | $2,071 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $99,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,611 |
| 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 | $7,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,798 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $37,798 |
| 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 | $37,798 |