Technology Exchange Lab Inc
- Assets
- $56.1k
- Revenue
- $102.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 05/2010
- Data as of
- 12/2023
- EIN
- 26-3414936
Organization Overview
Technology Exchange Lab Inc is located in Cambridge, MA. The organization was established in 2010. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology Exchange Lab 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 12/2023, Technology Exchange Lab Inc generated $102.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $117.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTENANCE OF WEB SITE WHICH ACTS AS EASILY ACCESSIBLE FORUM FOR INFORMATION EXCHANGE AND EDUCATIONAL CONSULTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Von Bismarck President | 5 | $0 | |
Gary Bergstrom Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $102,142 |
| Interest on Savings | $94 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $102,236 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $6,900 |
| Travel, conferences, and meetings | $6,726 |
| Printing and publications | $0 |
| Other expenses | $6,971 |
| Total operating and administrative expenses | $117,018 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $117,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,273 |
| Savings and temporary cash investments | $1,802 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,075 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Technology Exchange Lab Inc has awarded $20,243 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHED PURPOSE: SEE ATTACHED | $5,000 |
SEE ATTACHED PURPOSE: SEE ATTACHED | $15,243 |