Technology Councils Of North America Tecna
- Assets
- $691.2k
- Revenue
- $737.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Sewickley, PA
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 91-2069106
Organization Overview
Technology Councils Of North America Tecna is located in Sewickley, PA. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Technology Councils Of North America Tecna 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 12/2023, Technology Councils Of North America Tecna generated $737.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $728.5k during the year ending 12/2023. While expenses have increased by 19.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TECNA REPRESENTS 60+ IT AND TECHNOLOGY TRADE ORGANIZATIONS THAT, IN TURN, REPRESENT MORE THAN 22,000 TECHNOLOGY-RELATED COMPANIES IN NORTH AMERICA. TECNA SERVES OUR MEMBERS AND THE INDUSTRY THROUGH OUR STRONG PEER-TO-PEER NETWORK AND REGIONAL INITIATIVES TO RAISE THE VISIBILITY AND VIABILITY OF THE TECHNOLOGY INDUSTRY. OUR CORE PURPOSE IS TO EMPOWER REGIONAL TECHNOLOGY ORGANIZATIONS AND BE THEIR COLLECTIVE VOICE IN GROWING THE NORTH AMERICAN TECHNOLOGY ECONOMY. WE STRIVE TO DELIVER VALUABLE SERVICES TO MEMBER ORGANIZATIONS AND FOSTER COLLABORATION, INNOVATION, AND THE EXCHANGE OF IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND SEMINARS, INCLUDING OUR SUMMER CONFERENCE, WHICH IS FOCUSED ON THE FUTURE BY EXAMINING EMERGING TECHNOLOGY AND ASSOCIATION TRENDS AND PROVIDING BEST PRACTICES THAT WILL SUPPORT THEIR MEMBER COMPANIES AND THE GROWTH OF THEIR REGIONAL MARKETPLACES. ADDITIONALLY, OUR CEO RETREAT PROVIDES A BALANCED SCHEDULE OF NETWORKING, SPEAKERS, AND LEARNING OPPORTUNITIES. ATTENDEES ATTAIN NEW INFORMATION, LEADERSHIP SKILLS, AND BUSINESS DEVELOPMENT IDEAS TO HELP MANAGE AND GROW THEIR ASSOCIATIONS. FURTHERMORE, ONLINE EDUCATION AND ADVOCACY PROGRAMS ARE PROVIDED TO SUPPORT TECNA'S MEMBERS BY SHARING PRACTICES AND PROCEDURES TO HELP IMPROVE AND GROW THEIR ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Grundy Young CEO | OfficerTrustee | 40 | $245,500 |
Jennifer Taylor Vice Chair | OfficerTrustee | 3 | $0 |
Ryan Weber Past Chairman | OfficerTrustee | 3 | $0 |
Sara Fraim Director | Trustee | 1 | $0 |
Deon Gordon Director | Trustee | 1 | $0 |
Brian Kennedy Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $736,975 |
| Investment income | $4 |
| 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 | $736,979 |
| 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. | $259,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $7,750 |
| Other employee benefits | $0 |
| Payroll taxes | $14,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,097 |
| Fees for services: Lobbying | $39,013 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,500 |
| Advertising and promotion | $96,247 |
| Office expenses | $11,711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $9,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,760 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,342 |
| Insurance | $4,450 |
| All other expenses | $0 |
| Total functional expenses | $728,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $654,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $22,823 |
| 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 | $2,192 |
| Net Land, buildings, and equipment | $1,611 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $691,173 |
| Accounts payable and accrued expenses | $64,649 |
| Grants payable | $0 |
| Deferred revenue | $318,035 |
| 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 | $1 |
| Total liabilities | $382,685 |
| Net assets without donor restrictions | $308,488 |
| 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 | $691,173 |