Technology For The Future
- Assets
- $26.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kernersville, NC
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 81-1808572
Organization Overview
Technology For The Future is located in Kernersville, NC. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology For The Future 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 12/2022, Technology For The Future generated $83.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $74.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OUR MISSION IS TO SUPPORT INNOVATIVE THINKING, DEVELOP RESOURCES, AND FORM COOPERATIONS THAT CREATE OPPORTUNITY, BETTER STANDARDS OF LIVING, AND THAT AID SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Martinca Board Chairman | 30 | $0 | |
Miriam Martincova President-Secretary | 30 | $0 | |
Joseph Erba Board Member | 1 | $0 | |
Christine Ryals Board Member | 1 | $0 | |
Odell Cleveland Board Member | 1 | $0 | |
Brett Henderson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,936 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $25,397 |
| Total Revenue | $83,015 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,697 |
| Professional fees and other payments to independent contractors | $8,082 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,568 |
| Other expenses | $30,318 |
| Total expenses | $74,665 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,729 |
| Other assets | $0 |
| Total assets | $26,729 |
| Total liabilities | $67,570 |
| Net assets or fund balances | -$40,841 |
Grants Awarded
Over the last fiscal year, Technology For The Future has awarded $866,270 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GUILFORD EDUCATION ALLIANCE PURPOSE: TO PROVIDE ACCESS TO TECHNOLOGY FOR STUDENTS TO AID IN EDUCATION | $739,330 |
HOBGOOD CHARTER SCHOOL PURPOSE: TO PROVIDE ACCESS TO TECHNOLOGY FOR STUDENTS TO AID IN EDUCATION | $28,300 |
HAYDEN CANYON CHARTER SCHOOL PURPOSE: TO PROVIDE ACCESS TO TECHNOLOGY FOR STUDENTS TO AID IN EDUCATION | $24,000 |
AUGSBURG FAIRVIEW ACADEMY PURPOSE: TO PROVIDE ACCESS TO TECHNOLOGY FOR STUDENTS TO AID IN EDUCATION | $10,500 |
THOMAS ACADEMY PURPOSE: TO PROVIDE ACCESS TO TECHNOLOGY FOR STUDENTS TO AID IN EDUCATION | $11,000 |
GUILFORD PREPARATORY ACADEMY PURPOSE: TO PROVIDE ACCESS TO TECHNOLOGY FOR STUDENTS TO AID IN EDUCATION | $49,250 |