Technology Education Foundation Inc
- Assets
- $30.3k
- Revenue
- $158.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Madison, WI
- Founding
- 09/2004
- Data as of
- 03/2024
- EIN
- 76-0761976
Organization Overview
Technology Education Foundation Inc is located in Madison, WI. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 03/2024, Technology Education Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology Education Foundation 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 03/2024, Technology Education Foundation Inc generated $158.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $278.2k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Technology Education Foundation Inc has awarded 125 individual grants totaling $972,208. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE ADVANCEMENT AND EDUCATION OF INDIVIDUALS BY PROVIDING INFORMATION TECHNOLOGY HARDWARE AND SOFTWARE TO PUBLIC SCHOOLS, LIBRARIES, OR OTHER NON-PROFIT EDUCATIONAL ORGANIZATIONS WITH A FACILITY FOR INDIVIDUALS TO LEARN TO USE SUCH COMPUTER EQUIPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTED FUNDS WHICH HELPED TO FUND THE PURCHASE OF COMPUTERS AND COMPUTER EQUIPMENT FOR USE IN VARIOUS CLASSROOMS.
GRANTED FUNDS WHICH HELPED TO FUND INITIATIVES FOR TECHNOLOGY TRAINING AND CLASSROOM PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James G Berbee President | OfficerTrustee | 0.5 | $0 |
Paul S Shain Vice President | OfficerTrustee | 0.5 | $0 |
Brett M Rimkus Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $136,461 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $124,713 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,174 |
| Total Program Service Revenue | $0 |
| Investment income | $21,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$124,206 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $158,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $247,578 |
| 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 | $14,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,786 |
| Advertising and promotion | $0 |
| Office expenses | $430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $4,472 |
| All other expenses | $203 |
| Total functional expenses | $278,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,339 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,339 |
| Accounts payable and accrued expenses | $30,339 |
| 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 | $0 |
| Total liabilities | $30,339 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $30,339 |
Grants Awarded
Over the last fiscal year, Technology Education Foundation Inc has awarded $109,199 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ST JAMES CATHOLIC SCHOOL PURPOSE: FUNDS FOR TECHNOLOGY INITIATIVES | $15,000 |
YWCA MADISON PURPOSE: FUNDS FOR TECHNOLOGY INITIATIVES | $14,000 |
MONROE SCHOOL DISTRICT PURPOSE: FUNDS FOR TECHNOLOGY INITIATIVES | $10,000 |
SIMPSON STREET FREE PRESS PURPOSE: FUNDS FOR TECHNOLOGY INITIATIVES | $10,000 |
BAYVIEW FOUNDATION PURPOSE: FUNDS FOR TECHNOLOGY INITIATIVES | $10,000 |
BRIDGE LAKE POINT WAUNONA NEIGHBORHOOD CENTER PURPOSE: FUNDS FOR TECHNOLOGY INITIATIVES | $9,455 |