Techserve Alliance
- Assets
- $5.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Alexandria, VA
- Founding
- 06/1991
- Data as of
- 09/2023
- EIN
- 52-1572753
Organization Overview
Techserve Alliance is located in Alexandria, VA. The organization was established in 1991. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Techserve Alliance employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Techserve Alliance 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 09/2023, Techserve Alliance generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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
PART I, LINE 1: TO ENCOURAGE HIGH PROFESSIONAL STANDARDS IN THE IT, ENGINEERING STAFFING SOLUTIONS INDUSTRY AND TO ADVANCE THE INDUSTRY THROUGH LEGISLATIVE, REGULATORY AND EDUCATIONAL EFFORTS. TO COLLECT AND DISSEMINATE INFORMATION REGARDING OUR INDUSTRY. TO FULLY SUPPORT LEGISLATIVE, REGULATORY AND JUDICIAL EFFORTS WHICH PROTECT THE FREEDOM OF CHOICE OF FIRMS TO PROVIDE SERVICES TO THEIR CLIENTS USING INDEPENDENT CONTRACTORS OR EMPLOYEES, OR A COMBINATION THEREOF. TO ENSURE INDUSTRY FIRMS CAN OPERATE WITHOUT ILL ADVISED GOVERNMENTAL RESTRICTIONS AND BURDENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES & MEETINGS - PROVIDES EDUCATION AND DISCUSSION REGARDING THE LATEST DEVELOPMENTS AND TRENDS AFFECTING THE IT & ENGINEERING STAFFING AND SOLUTIONS INDUSTRY.
PROGRAMS & SERVICES - TECHSERVE ALLIANCE PROVIDES A VARIETY OF SERVICES TO MEMBERS IN ADVANCEMENT OF THE INDUSTRY: STUDIES, WHITE PAPERS, ONLINE COMMUNITIES, WEB DIRECTORY, MODEL AGREEMENTS REFLECTING "BEST PRACTICES", LEGAL INFORMATION, PUBLICATION (INDUSTRY UPDATE), OPERATING PRACTICES REPORT, AND WEB PRESENCE.
GOVERNMENT RELATIONS - TO FULLY SUPPORT EFFORTS WHICH PROTECT THE FREEDOM OF CHOICE OF FIRMS AND THEIR CLIENTS TO USE INDEPENDENT CONTRACTORS, OR EMPLOYEES, OR A COMBINATION THEREOF. TO ENSURE INDUSTRY FIRMS CAN OPERATE WITHOUT ILL ADVISED GOVERNMENTAL RESTRICTIONS AND BURDENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Roberts ESQ Chief Exec. | Officer | 24.5 | $321,954 |
Sona Sharma Chief Market | 26.67 | $124,437 | |
Michele Clarke Chief Financ | Officer | 7 | $30,358 |
Susan Donohoe Chief Progra | 40 | $133,559 | |
Donald Beemer Mng. Dir. In | 0 | $0 | |
Lori Fitzsimon Mng. Dir. Me | 40 | $103,323 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sound Matters Inc Event Services | 9/29/22 | $191,259 |
Hello Florida Destination Management I Event Services | 9/29/22 | $103,445 |
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 | $2,352,584 |
| Investment income | $223,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $172,798 |
| 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 | $2,758,713 |
| 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. | $322,254 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $519,580 |
| Pension plan accruals and contributions | $69,936 |
| Other employee benefits | $83,451 |
| Payroll taxes | $53,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,156 |
| Fees for services: Accounting | $24,285 |
| Fees for services: Lobbying | $16,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,225 |
| Advertising and promotion | $117,097 |
| Office expenses | $16,067 |
| Information technology | $87,322 |
| Royalties | $0 |
| Occupancy | $46,239 |
| Travel | $138,462 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $978,087 |
| Interest | $43 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,076 |
| Insurance | $18,605 |
| All other expenses | $0 |
| Total functional expenses | $2,751,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,251 |
| Savings and temporary cash investments | $182,100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,707 |
| 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 | $240,864 |
| Net Land, buildings, and equipment | $19,100 |
| Investments—publicly traded securities | $881,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $115,088 |
| Other assets | $3,488,467 |
| Total assets | $5,064,058 |
| Accounts payable and accrued expenses | $393,176 |
| Grants payable | $0 |
| Deferred revenue | $944,940 |
| 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 | $452,819 |
| Total liabilities | $1,790,935 |
| Net assets without donor restrictions | $3,273,123 |
| 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 | $5,064,058 |