New Tech Network Inc
- Assets
- $12.9m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 88
- Location
- Napa, CA
- Founding
- 05/2014
- Data as of
- 06/2021
- EIN
- 46-5770233
Organization Overview
New Tech Network Inc is located in Napa, CA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, New Tech Network Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Tech Network 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 06/2021, New Tech Network Inc generated $13.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $9.7m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATE SUSTAINABLE IMPROVEMENT IN STUDENT READINESS FOR COLLEGE AND CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NTNI ACTIVELY CULTIVATES LEADS AND INQUIRIES FROM PUBLIC AND CHARTER SCHOOLS FOR IMPLEMENTATION OF AN ALTERNATIVE WHOLE SCHOOL DESIGN USING PROJECT-BASED LEARNING. THE ORGANIZATION PROVIDES COACHING AND TRAINING SERVICES, AS WELL AS A LEARNING MANAGEMENT SYSTEM, FOR PRIMARY AND SECONDARY PUBLIC AND CHARTER SCHOOLS. NTNI SUPPORTS OVER 200 SCHOOLS IN 25 STATES AND THE DISTRICT OF COLUMBIA IN THE UNITED STATES AND AUSTRALIA.
NTNI ACTIVELY CULTIVATES LEADS AND INQUIRIES FROM PUBLIC AND CHARTER SCHOOLS FOR IMPLEMENTATION OF AN ALTERNATIVE WHOLE SCHOOL DESIGN USING PROJECT-BASED LEARNING. THE ORGANIZATION PROVIDES COACHING AND TRAINING SERVICES, AS WELL AS A LEARNING MANAGEMENT SYSTEM, FOR PRIMARY AND SECONDARY PUBLIC AND CHARTER SCHOOLS. NTNI SUPPORTS OVER 200 SCHOOLS IN 25 STATES AND THE DISTRICT OF COLUMBIA IN THE UNITED STATES AND AUSTRALIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lydia Dobyns President & CEO | OfficerTrustee | 40 | $317,897 |
Timothy Presiado Treasurer/chief Operating | Officer | 40 | $207,290 |
Eileen Grady Chief Financial Officer | Officer | 40 | $184,414 |
Megan Pacheco Chief Learning Officer | Officer | 40 | $183,112 |
James May Chief Schools Officer | Officer | 40 | $175,518 |
Judith Garnier Sr. Dir., District & Leadership Deve | 40 | $136,145 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Naviance Inc Platform Hosting | 6/29/21 | $141,422 |
Naviance Inc Platform Hosting | 6/29/21 | $141,422 |
Agilix Labs Inc Platform Hosting & Licenses | 6/29/21 | $480,300 |
American Institutes For Research Data Research | 6/29/21 | $193,331 |
Agilix Labs Inc Platform Hosting & Licenses | 6/29/21 | $480,300 |
American Institutes For Research Data Research | 6/29/21 | $193,331 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,456,323 |
| Noncash contributions included in lines 1a–1f | $1,030,281 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,456,323 |
| Total Program Service Revenue | $6,204,844 |
| Investment income | $15,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,662,524 |
| 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. | $1,196,603 |
| Compensation of current officers, directors, key employees. | $1,196,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,101,499 |
| Pension plan accruals and contributions | $537,593 |
| Other employee benefits | $332,179 |
| Payroll taxes | $465,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,352 |
| Fees for services: Accounting | $114,510 |
| Fees for services: Lobbying | $64,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $591,998 |
| Advertising and promotion | $172,693 |
| Office expenses | $223,353 |
| Information technology | $528,744 |
| Royalties | $0 |
| Occupancy | $590,673 |
| Travel | $11,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210,391 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,868 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,726,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,679,736 |
| Savings and temporary cash investments | $150,000 |
| Pledges and grants receivable | $450,000 |
| Accounts receivable, net | $67,701 |
| 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 | $164,867 |
| Net Land, buildings, and equipment | $356,347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,305 |
| Total assets | $12,877,956 |
| Accounts payable and accrued expenses | $1,646,332 |
| Grants payable | $0 |
| Deferred revenue | $2,600,425 |
| 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 | $1,300,000 |
| Total liabilities | $5,546,757 |
| Net assets without donor restrictions | $6,881,199 |
| Net assets with donor restrictions | $450,000 |
| 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 | $12,877,956 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that New Tech Network Inc has recieved totaling $3,150,000.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $2,550,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $450,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR GENERAL OPERATING SUPPORT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |
Teach-Org Inc San Francisco, CA | $5,801,007 | $13,162,873 |
The Reason Foundation Los Angeles, CA | $15,187,245 | $16,170,727 |
San Francisco Study Center Inc San Francisco, CA | $5,230,719 | $12,852,895 |
Hoffman Institute Foundation San Rafael, CA | $2,301,194 | $11,907,757 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Cambiar Education San Diego, CA | $11,761,927 | $15,993,046 |
Associated Students Of California State University Chico Chico, CA | $29,452,040 | $13,695,718 |
Todays Fresh Start Los Angeles, CA | $38,805,224 | $12,503,064 |
Agape Fresno, CA | $5,383,451 | $10,431,263 |