International Technology Center
- Assets
- $418.3k
- Revenue
- $139.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Rtp, NC
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 56-2171281
Organization Overview
International Technology Center is located in Rtp, NC. The organization was established in 2001. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Technology Center 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 12/2021, International Technology Center generated $139.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $180.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCIENTIFIC RESEARCH ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMERCIAL CONTRACTS AND RELATED PARTY TRANSACTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary E Eberle Secretary/treasurer | OfficerTrustee | 2 | $3,538 |
Gary E Mcguire President | OfficerTrustee | 0 | $0 |
Kevin K Smith Board Member | Trustee | 0 | $0 |
Dawn A Bonnell Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $117,273 |
| 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 | $117,273 |
| Total Program Service Revenue | $0 |
| Investment income | $389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,362 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,024 |
| 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 | $3,538 |
| Pension plan accruals and contributions | $175 |
| Other employee benefits | $319 |
| Payroll taxes | $357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,282 |
| Advertising and promotion | $0 |
| Office expenses | $117,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,810 |
| Travel | $0 |
| 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 | $17,405 |
| Insurance | $32 |
| All other expenses | $0 |
| Total functional expenses | $180,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,419 |
| Savings and temporary cash investments | $1,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,285 |
| Net Land, buildings, and equipment | $599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,925 |
| Total assets | $418,325 |
| Accounts payable and accrued expenses | $2,593 |
| 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 | $17,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,601 |
| Total liabilities | $21,194 |
| Net assets without donor restrictions | $0 |
| 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 | $397,131 |
| Total liabilities and net assets/fund balances | $418,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
Virginia Tech Applied Research Corporation Arlington, VA | $4,609,993 | $12,977,041 |
Education And Research Consortium Of Western North Carolina Asheville, NC | $24,894,045 | $7,143,878 |
Baptist Clinical Research Institute Inc Memphis, TN | $153,363 | $1,977,517 |
Bent Creek Institute Inc Asheville, NC | $201,660 | $266,886 |
International Technology Center Rtp, NC | $418,325 | $139,024 |
Region 2000 Research Institute Forest, VA | $0 | $7,587 |
Washington Center For Technology Policy Inclusion Fairfax, VA | $78,514 | $0 |
Technology Management Institute Inc Falls Church, VA | $117,586 | $156,751 |
Reimagine Science Annandale, VA | $8,850 | $0 |
Gender And Radiation Impact Project Inc Candler, NC | $20,604 | $0 |
Richard T Greener Institute For Social Policy Columbia, SC | $23,631 | $8,303 |