High-Tech Small Town
- Assets
- $46.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeland, TN
- Founding
- Data as of
- 12/2021
- EIN
- 85-2801002
Organization Overview
High-Tech Small Town is located in Lakeland, TN. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High-Tech Small Town is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE BUSINESSES TO LOCATE TECHNICAL TALENT IN ECONOMICALLY DEPRESSED RURAL TOWNS TO PROVIDE NEW EMPLOYMENT OPPORTUNITIES, WORK WITH LOCAL SCHOOL SYSTEMS TO ENGAGE AND EDUCATED SECONDARY STUDENTS IN TECHNOLOGY COURSE, COORDINATE WITH COLLEGES AND TRAINING INSTITUTIONS TO PROVIDE INTERNSHIPS FOR POST-SECONDARY TECHNOLOGY STUDENTS, WORK WITH LOCAL BUSINESSES AND WOULD-BE ENTREPRENEURS TO UTILIZE TECHNOLOGY TO ENABLE COMPETITION OF RURAL BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis E Powell Director | 1 | $0 | |
Sonia D Powell Director | 1 | $0 | |
Crista L Albertson Director | 1 | $0 | |
William J Albertson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,727 |
| Total Program Service Revenue | $18,676 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,403 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,554 |
| Occupancy, rent, utilities, and maintenance | $34,300 |
| Printing, publications, postage, and shipping | $137 |
| Other expenses | $9,735 |
| Total expenses | $45,726 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,243 |
| Other assets | $0 |
| Total assets | $46,717 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,717 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that High-Tech Small Town has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural Economic Development Center Inc Raleigh, NC | $223,566,149 | $11,378,133 |
Kentucky River Area Development District Inc Hazard, KY | $5,857,667 | $4,838,342 |
Missouri Incutech Foundation Rolla, MO | $1,463,624 | $4,973,546 |
Mountain Association For Community Economic Development Inc Berea, KY | $33,227,736 | $8,576,709 |
Southeast Kentucky Economic Development Corporation Inc Somerset, KY | $28,123,081 | $3,726,346 |
Western Arkansas Planning And Fort Smith, AR | $1,883,659 | $2,141,077 |
Little Rock Workforce Development Board Little Rock, AR | $359,522 | $1,935,959 |
Virginia Coalfield Coalition Inc Lebanon, VA | $15,855,826 | $1,388,700 |
Appalachian Community Action & Development Agency Inc Gate City, VA | $1,460,417 | $1,629,556 |
W A M Y Community Action Inc Boone, NC | $1,852,412 | $1,596,975 |
Pulaski County Growth Alliance Saint Robert, MO | $34,130 | $1,396,256 |
Kentucky Mountain Housing Development Corporation Inc Manchester, KY | $13,287,100 | $769,226 |