Nc Techpaths Inc
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Wilkesboro, NC
- Founding
- Data as of
- 06/2023
- EIN
- 87-2625452
Organization Overview
Nc Techpaths Inc is located in Wilkesboro, NC. As of 06/2023, NC Techpaths Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC Techpaths 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 06/2023, NC Techpaths Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 36.5% each year . All expenses for the organization totaled $1.3m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NC TECH PATHS IS A NON-PROFIT DEDICATED TO HELPING OUR RURAL NEIGHBORS GAIN ACCESS TO TECHNOLOGY JOBS AND REMAIN IN THEIR HOME REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TALENT NC TECH PATHS WORKS AT THE INTERSECTION OF STUDENTS, EDUCATION, AND INDUSTRY FOR RURAL COMMUNITIES. OUR PROGRAM MODEL IS TO RECRUIT HIGH-POTENTIAL TALENT INTERESTED IN CAREERS IN SOFTWARE DEVELOPMENT, NETWORK MANAGEMENT, CYBER SECURITY AND IT SUPPORT, COACH AND ASSIST THE LEARNERS ON PATHWAYS TO A DEGREE AND/OR INDUSTRY CREDENTIAL, AND THEN PREPARE THEM FOR JOB PLACEMENT AND CAREER SUCCESS.
MASTHEAD NC TECH PATHS PURCHASED A BUILDING IN DOWNTOWN NORTH WILKESBORO TO SERVE AS THE ORGANIZATIONS FIRST RURAL TECH OUTPOST. IN ADDITION TO SERVING AS A MAGNETIC WORKSPACE, THE MASTHEAD WILL PROVIDE A DOWNTOWN CONVENING SPOT FOR INDIVIDUALS INTERESTED IN TECHNOLOGY AND ENTREPRENEURSHIP, HOSTING HANDS-ON TRAINING, SUMMER CAMPS, AFTER-SCHOOL EXPERIENCE, AND FIELD TRIPS, ALL DESIGNED TO BUILD A ROBUST PIPELINE OF STEM TALENT IN THE GREATER WILKES AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Barnes Interim Executive Director Effective Dec 2022 | Officer | 20 | $23,510 |
Zachary J Barricklow Executive Director Through Dec 2022 | Officer | 40 | $21,000 |
Craig Delucia President Through Mar 2023 | Officer | 9 | $19,000 |
Mark Bullard Secretary Through Mar 2023 | OfficerTrustee | 3 | $0 |
William C Warden Jr Secretary/treasurer Effective Mar 2023 | OfficerTrustee | 0.5 | $0 |
Albert Lee Herring II Chair | OfficerTrustee | 0.5 | $0 |
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 | $1,019,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,019,400 |
| Total Program Service Revenue | $435,545 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,999 |
| 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 | $1,500,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $141,869 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,510 |
| Compensation of current officers, directors, key employees. | $9,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $519,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,084 |
| Payroll taxes | $34,067 |
| Fees for services: Management | $134,211 |
| Fees for services: Legal | $24,351 |
| Fees for services: Accounting | $84,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,300 |
| Advertising and promotion | $13,725 |
| Office expenses | $67,469 |
| Information technology | $10,304 |
| Royalties | $0 |
| Occupancy | $23,014 |
| Travel | $14,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,733 |
| Insurance | $5,752 |
| All other expenses | $14,515 |
| Total functional expenses | $1,342,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,738 |
| 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 | $2,222,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,050 |
| Total assets | $2,521,745 |
| Accounts payable and accrued expenses | $678 |
| 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 | $1,865,559 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,105 |
| Total liabilities | $1,869,342 |
| Net assets without donor restrictions | $0 |
| 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 | $652,403 |
| Total liabilities and net assets/fund balances | $2,521,745 |