Information Technology Alliance Inc
- Assets
- $454.9k
- Revenue
- $819.5k
- Investments
- $100.0k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 01/1994
- Data as of
- 08/2022
- EIN
- 13-6214713
Organization Overview
Information Technology Alliance Inc is located in Raleigh, NC. The organization was established in 1994. According to its NTEE Classification (U41) the organization is classified as: Computer Science, 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. Information Technology Alliance Inc 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 08/2022, Information Technology Alliance Inc generated $819.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $1.0m during the year ending 08/2022. 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
DISSEMINATING INFORMATION TO CPA FIRMS AND OTHER PROFESSIONAL ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO EXCHANGE AND DISSEMINATE INFORMATION AMONG THE MEMBERS ABOUT INFORMATION PROCESSING AND MANAGEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lissa Johnsen Vice President, Secretary | Officer | 50 | $148,200 |
Shawn Slavin President | OfficerTrustee | 25 | $110,000 |
John Fleischer Assistant Treasurer | OfficerTrustee | 2 | $0 |
David Hirschkorn Chairman | OfficerTrustee | 2 | $0 |
Todd Perlman Treasurer | OfficerTrustee | 2 | $0 |
Dom Pernai Vice Chairman | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Business Technology Solutions Inc Management | 8/30/22 | $148,200 |
Slavin Advisors Management | 8/30/22 | $110,000 |
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 | $797,210 |
| Investment income | $402 |
| 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 | $819,469 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $319,989 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $2,667 |
| Information technology | $3,765 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,066 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,632 |
| All other expenses | $0 |
| Total functional expenses | $1,048,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $354,867 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $454,867 |
| 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 | $454,867 |
| 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 | $454,867 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nc Idea Durham, NC | $0 | -$1,424,982 |
Corporation For National Research Initiatives Reston, VA | $8,623,101 | $3,063,779 |
Real Estate Standards Organization Raleigh, NC | $3,130,508 | $3,018,827 |
Information Technology Alliance Inc Raleigh, NC | $454,867 | $819,469 |
Fedora Commons Inc Atlanta, GA | $0 | $1,039,056 |
Csra Inc Veba Tr Reston, VA | $2,257,065 | $668,158 |
Standard Performance Evaluation Corporation Gainesville, VA | $3,321,624 | $829,986 |
Mid-Atlantic Research Infrastructure Alliance Blacksburg, VA | $1,655,387 | $558,133 |
World Information Technology And Services Alliance Fairfax, VA | $97,179 | $57,997 |
Us Technology Leadership Council Alexandria, VA | $119,120 | $235,609 |
The Widernet Project Durham, NC | $32,201 | $121,970 |
South Carolina Information Technology Directors Association Columbia, SC | $250,718 | $94,276 |