Nercomp Inc
- Assets
- $4.0m
- Revenue
- $849.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Glastonbury, CT
- Founding
- 03/1974
- Data as of
- 06/2022
- EIN
- 04-2465851
Organization Overview
Nercomp Inc is located in Glastonbury, CT. The organization was established in 1974. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2022, Nercomp Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nercomp 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 06/2022, Nercomp Inc generated $849.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $723.2k during the year ending 06/2022. 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
NERCOMP CULTIVATES COMMUNITIES OF PRACTICE AROUND INFORMATION AND TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING CONFERENCES - SPONSORED AND HELD VARIOUS EDUCATIONAL CONFERENCES, WORKSHOPS AND OTHER PROGRAMS RELATED TO THE USE OF INFORMATION TECHNOLOGY FOR ACADEMIC COMPUTER USERS. THERE WERE 112 CONFERENCES AND WORKSHOPS HELD WITH A TOTAL OF 3,004 PARTICIPANTS. ADDITIONALLY, THE ORGANIZATION AWARDED FIVE SCHOLARSHIPS.
MEMBERSHIP SERVICES - MEMBERS OF THE ORGANIZATION ARE EDUCATIONAL INSTITUTIONS AND NONPROFIT ORGANIZATIONS. EMPLOYEES OF MEMBERS PARTICIPATE IN COLLABORATION EVENTS AND OPPORTUNITIES INCLUDING A VARIETY OF INTEREST GROUPS, AND WEB CONFERENCING. MEMBERS HAVE ACCESS TO VENDOR LICENSING AT REDUCED RATES AND A PLACE TO POST JOB OPPORTUNITIES. THERE WERE A TOTAL OF 276 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Dimauro Director Of Operations | Officer | 50 | $102,358 |
Katie Surkin Secretary, Eff. 4/28/2022 | OfficerTrustee | 4 | $0 |
Becky Frieden Treasurer, Eff. 4/28/2022 | OfficerTrustee | 4 | $0 |
Robin Robinson Vice-Chair | OfficerTrustee | 5 | $0 |
Jay Rozgonyi Chair, Eff. 4/28/2022 | OfficerTrustee | 5 | $0 |
David Blezard Trustee | Trustee | 2 | $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 | $576,440 |
| Investment income | $71,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $201,852 |
| 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 | $849,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,281 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,594 |
| Compensation of current officers, directors, key employees. | $39,408 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,223 |
| Pension plan accruals and contributions | $7,810 |
| Other employee benefits | $0 |
| Payroll taxes | $19,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,949 |
| Fees for services: Accounting | $32,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,865 |
| Fees for services: Other | $1,104 |
| Advertising and promotion | $2,316 |
| Office expenses | $8,968 |
| Information technology | $59,994 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,848 |
| Insurance | $9,057 |
| All other expenses | $0 |
| Total functional expenses | $723,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,743 |
| Savings and temporary cash investments | $120,454 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126,993 |
| 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 | $25,041 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,341,323 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $27,580 |
| Other assets | $1,500 |
| Total assets | $3,970,634 |
| Accounts payable and accrued expenses | $16,340 |
| Grants payable | $0 |
| Deferred revenue | $127,730 |
| 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 | $144,070 |
| Net assets without donor restrictions | $3,826,564 |
| 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 | $3,970,634 |
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