Itec-Lansing
- Assets
- $207.7k
- Revenue
- $215.1k
- Investments
- $0.0
- Employees
- 39
- Location
- Lansing, MI
- Founding
- 05/2008
- Data as of
- 12/2018
- EIN
- 26-1077810
Organization Overview
Itec-Lansing is located in Lansing, MI. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2018, Itec-Lansing employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itec-Lansing 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 12/2018, Itec-Lansing generated $215.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $397.7k during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
ITEC SERVES AT RISK YOUTH TO ENCOURAGE AND EMPOWER THEM TO BE SUCCESSFUL IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITEC OFFERS A STIMULATING ENVIRONMENT FOR STUDENTS TO DEVELOP THEIR ACADEMIC AND LEADERSHIP SKILL, INCREASE EDUCATIONAL PERFORMANCE, AND DEVELOP CONFIDENCE IN THEIR ABILITY TO COMPETE PROFESSIONALLY AND PARTICIPATE IN A FAST-PACED GLOBAL ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teri Bernero Vice President | OfficerTrustee | 5 | $0 |
Tracey Mullaney Secretary | OfficerTrustee | 5 | $0 |
Mitchell Brown Treasurer | OfficerTrustee | 5 | $0 |
Dawn Opal Director | Trustee | 1 | $0 |
Bryan Beverly Director | Trustee | 1 | $0 |
Jason Coxon 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 | $192,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $192,476 |
| Total Program Service Revenue | $22,666 |
| 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 | $215,142 |
| 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 | $155,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,636 |
| Payroll taxes | $19,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $840 |
| Fees for services: Accounting | $24,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,063 |
| Advertising and promotion | $4,387 |
| Office expenses | $15,214 |
| Information technology | $8,406 |
| Royalties | $0 |
| Occupancy | $28,335 |
| Travel | $2,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $756 |
| Interest | $106 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,504 |
| Insurance | $7,235 |
| All other expenses | $0 |
| Total functional expenses | $397,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $78,055 |
| 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 | $3,442 |
| Net Land, buildings, and equipment | $57,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,662 |
| Accounts payable and accrued expenses | $11,698 |
| Grants payable | $0 |
| Deferred revenue | $750 |
| 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 | $12,448 |
| Unrestricted restricted net Assets | $84,152 |
| Temporarily restricted net Assets | $111,062 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $195,214 |