Technocopia Co is located in Worcester, MA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Technocopia Co employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technocopia Co 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, Technocopia Co generated $219.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $236.5k during the year ending 12/2023. While expenses have increased by 23.8% 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
THE PURPOSE OF THE ORGANIZATION IS TO BUILD AND MAINTAIN SPACES SUITABLE FOR TECHNICAL AND SOCIAL COLLABORATION; COLLABORATION ON ALL FORMS OF TECHNOLOGY, CULTURE, CULTURE AND CRAFT, COLLABORATION AND DEVELOPMENT OF NEW AND/OR EXISTING TECHNOLOGY, CULTURE AND CRAFT, THAT HELPS PROVIDE COMMUNITIES, FAMILIES, AND/OR INDIVIDUALS THE TOOLS AND EXPERTISE NECESSARY TO SUSTAINABLY PROVIDE FOR THE HUMANITARIAN NEED OF A COMMUNITY, FAMILY, AND/OR INDIVIDUAL; FREELY SHARE ITS RESEARCH AND DISCOVERIES; USING WHAT IS LEARNED TO TEACH OTHERS, RECRUIT AND DEVELOP TALENTED MEMBERS DEDICATED TO THESE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNOCOPIA RETAINED ITS MEMBERSHIP, PROGRAMS AND BEGAN NEW INITIATIVES. WE ARE WORKING ON EFFORTS THAT INCLUDE: NON-PROFIT MANAGEMENT AND INFRASTRUCTURE; DIVERSITY, EQUITY AND INCLUSION; GRANT WRITING; AND EVENT PLANNING. TECHNOCOPIA HAS MAINTAINED MANY PARTNERSHIPS IN OUR COMMUNITY AND HAD SIGNIFICANT GROWTH IN ITS ENTREPRENEURIAL AND EVENT DEVELOPMENT. THIS YEAR TECHNOCOPIA STRENGTHENED RELATIONS WITH A BUSINESS INCUBATOR AND TECHNOCOPIA HAS DEVELOPED A 5 WEEK ENTREPRENEURIAL PROGRAM. THIS YEARS ENTREPRENEURIAL PROGRAM PILOT WAS SERVED 3 HIGH SCHOOL YOUTH WHO CREATED AND BRANDED THEIR OWN PRODUCTS AFTER STUDYING DESIGN, FABRICATION, AND THE BASICS OF ENTREPRENEURSHIP.TECHNOCOPIA CONTINUES TO WORK WITH THE BUSINESS IMPROVEMENT DISTRICT AND WITH DOWNTOWN ARTISTIC INFRASTRUCTURE. IN EVENTS, THIS SUMMER TECHNOCOPIA HELD ITS FIRST MAKE IT! FESTIVAL. MAKE IT! WAS A FAMILY FRIENDLY CELEBRATION WITH DAY LONG DEMONSTRATIONS AND ACTIVITIES. ADDITIONALLY THIS WINTER, TECHNOCOPIA RAN A HOLIDAY VENDOR MARKET AT REDEMPTION ROCK BREWERY. THIS MARKET, NAMED TECHNOCOPIA MAKER'S MARKET, FEATURED 9 TECHNOCOPIA MEMBERS. IN OTHER PROGRAMMING DEVELOPMENTS AND PARTNERSHIPS TECHNOCOPIA CONTINUES TO WORK WITH THE DYNAMY INTERN PROGRAM WHICH BRINGS YOUNG ADULTS 18+ TO TRAIN, LEARN AND INTERN. IN MEMBERSHIP DEVELOPMENT AND COMMUNITY OUTREACH EFFORTS, A VETERANS PROGRAM WAS DEVELOPED AND COMMUNITY MEMBERSHIP EXPANDED. THE PROGRAM IS DESIGNED TO SERVE VETERANS WHO COULDN'T OTHERWISE AFFORD TECHNOCOPIA'S CLASS FEES. TECHNOCOPIA'S FREE COMMUNITY MEMBERSHIP PROGRAM WHICH PROVIDES 12 FREE MEMBERSHIPS TO MEMBERS WHO CANNOT OTHERWISE AFFORD MEMBERSHIP AND WHO CONTRIBUTE TO THE DIVERSITY OF OUR SPACE, HAS EXPANDED TO INCLUDE FREE TOOL TRAININGS. TECHNOCOPIA SERVED WORCESTER PUBLIC SCHOOL STUDENTS THIS YEAR THROUGH ONE ONLINE AND ONE IN PERSON SUMMER PROGRAM. TECHNOCOPIA IS NOW PROVIDING SERVICES TO THE MAIN WORCESTER PUBLIC LIBRARY. WE ARE TEACHING, SHARING KNOWLEDGE AND BUILDING A PIPELINE TO GIVE LIBRARY PATRONS A PLACE TO MAKE ONCE THEY HAVE GROWN OUT OF THE LIBRARY MAKERSPACE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph Forgette Treasurer | OfficerTrustee | 1 | $0 |
Kevin Harrington-Rutter Clerk | OfficerTrustee | 1 | $0 |
Frankie Franco Jr Director | Trustee | 1 | $0 |
Lauren Monroe President | OfficerTrustee | 40 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $157,305 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $36,031 |
All other contributions, gifts, grants, and similar amounts not included above | $5,475 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $198,811 |
Total Program Service Revenue | $19,988 |
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 | $219,003 |
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 | $62,192 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $6,010 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,127 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $19,805 |
Advertising and promotion | $920 |
Office expenses | $12,686 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $88,460 |
Travel | $472 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $11,881 |
Insurance | $4,503 |
All other expenses | $0 |
Total functional expenses | $236,481 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,044 |
Savings and temporary cash investments | $0 |
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 | $6,866 |
Net Land, buildings, and equipment | $81,030 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $258,356 |
Total assets | $361,296 |
Accounts payable and accrued expenses | $3,678 |
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 | $271,544 |
Total liabilities | $275,222 |
Net assets without donor restrictions | $86,074 |
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 | $361,296 |