Totals
- Total revenue
- $766,164
- Total expenses
- $476,405
- Contributions and grants received
- $530,000
- Grants paid
- $0
- Program service revenue
- $8,710
- Investment income
- $0
- Other revenue
- $227,454
- Total assets, end of year
- $287,294
- Total liabilities, end of year
- $353,501
- Net assets or fund balances, end of year
- -$66,207
- Program services expenses (Part IX)
- $198,145
- Management and general expenses
- $241,919
- Fundraising expenses
- $36,341
- Program service expenses (Part III)
- $198,145
Program services were 41.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$500,000
-
1f · All other contributions, gifts and grants
$30,000
-
2a · Program service revenue: Certification Testing
total $1,711 · related or exempt $1,711
-
2b · Program service revenue: Entrepreneurial Programs
total $240 · related or exempt $240
-
2c · Program service revenue: Tech Education
total $6,759 · related or exempt $6,759
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $226,534
-
6c · Rental income or loss
real property $226,534
-
6d · Net rental income or loss
total $226,534 · related or exempt $226,534
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other
total $920 · related or exempt $920
-
11e · Other revenue, total
$920
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $110,000 · program services $55,000 · management and general $22,000 · fundraising $33,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $4,769 · program services $2,385 · management and general $953 · fundraising $1,431
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $4,814 · management and general $4,814
-
11c · Fees: accounting
total $6,550 · management and general $6,550
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $15,160 · program services $15,064 · management and general $96
-
12 · Advertising and promotion
total $7,680 · program services $7,680
-
13 · Office expenses
total $3,259 · program services $1,692 · management and general $1,567
-
14 · Information technology
total $4,500 · program services $2,700 · management and general $1,800
-
15 · Royalties
total $0
-
16 · Occupancy
total $129,752 · program services $64,876 · management and general $64,876
-
17 · Travel
total $191 · program services $38 · fundraising $153
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $10,891 · program services $6,300 · management and general $4,591
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $99,112 · management and general $99,112
-
23 · Insurance
total $2,290 · program services $1,145 · management and general $1,145
-
24a · Other expenses: Internet Fiber & WiFi
total $19,392 · program services $9,696 · management and general $9,696
-
24b · Other expenses: Utilities
total $13,552 · program services $6,776 · management and general $6,776
-
24c · Other expenses: Kitchen Supplies
total $7,400 · program services $3,700 · management and general $3,700
-
24d · Other expenses: Tech Education
total $7,024 · program services $7,024
-
24e · All other expenses
total $30,069 · program services $14,069 · management and general $14,243 · fundraising $1,757
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,163 · end of year $67,415
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $30,627 · end of year $6,744
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$587,830
-
10b · Land, buildings and equipment: accumulated depreciation
$380,045
-
10c · Land, buildings and equipment, net
beginning of year $299,979 · end of year $207,785
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $5,350 · end of year $5,350
-
17 · Accounts payable and accrued expenses
beginning of year $98,245 · end of year $24,247
-
23 · Secured mortgages and notes payable
beginning of year $307,075 · end of year $133,718
-
24 · Unsecured notes and loans payable
beginning of year $190,536 · end of year $190,536
-
25 · Other liabilities
beginning of year $103,229 · end of year $5,000
-
27 · Net assets without donor restrictions
beginning of year -$355,966 · end of year -$66,207
Mission and programs · 2022
Mission
Gaston Innnovation Group, Inc., dba TechWorks Gaston, was formed for the purpose of improving the socio-economic conditions for citizens of Gaston County, North Carolina, by stimulating job growth through digital inclusion, small business formation and entrepreneurship, and advancement of technology. The programs and services the organization will be developing and delivering are badly needed in Gaston County due to the challenging economic conditions in the County. Gaston County had the highest unemployment rate (by at least .5%) of all the NC counties contiguous to and including Mecklenburg County and the highest poverty rate among NC counties in that same region. TechWorks Gaston addresses upward mobility for the low to moderate income population by expanding access to high speed internet, as well as specially-designed coding and other technology classes, a digital roadmap with digital literacy tools and training, and partnerships with local colleges and K-12 schools, and other orga
-
K-12 STEM Classes1,031 youth served in 2022 with K-12 STEMRowing & Robotics Summer Camp, June- July 20222 Video Game Design Camps, July and Aug 2022Robotics Classes and First Lego League Competition Classes, Jan through Dec 2022Sunday Coding Club classes, Jan through Dec 2022, both elementary and middle school youth classesDream Center Robotics Classes- after school program for underserved, 2 days per weekGrowth Entrepreneurial Mindset (GEM) Training, Jan through March 2022, middle school youth and a few adults. GEM combined with Robotics training starting April 2022. Summer Coding Camp in June 2022 for elementary school youthMIT Edgerton Flashlights Course, Oct 2022, ages 9-13 City of Belmont helped subsidize K-12 STEM and operational expenses with $330,000K from the NCDOC directed state grant.Charlotte SIM Grant funded $5K for K-12 STEM Courses
Expenses $184,541 · Revenue $6,759
-
Pearson Vue Certification Testing CenterTechWorks is open to the public for certification testing approximately 4-5 days/week. It's the only public certification testing center in Gaston County. We have paid proctors who manage the testing center. 491 testers used the center in 2022.TechWorks Testing Center was closed from Feb 2022 through Aug 2022 for an infrastructure upgrade. The David Belk Canon Foundation provided a $25K grant to pay for the testing center upgrade and help subsidize the operating costs for the testing center.City of Belmont helped subsidize this County wide benefit, only available through TechWorks, with $50K from the NCDOC directed state grant.
Expenses $13,240 · Revenue $1,711
-
Various Adult Entrepreneurial and Tech Daily Courses193 adults served in 2022 with various courses and trainingMonthly Lunch & Learns for Entrepreneurs Drive Sales with Digital MarketingCybersecurity for Small BusinessDeal Desk Sessions with seasoned entrepreneurs/investors PMP Adult Certification Course in July 2022 for 12 Analytics Pathway- Excel, Etc (4 part series) City of Belmont helped subsidize the adult education, training, and operational expenses with $120,000K from the NCDOC directed state grant.
Expenses $364 · Revenue $240
As filed on the 2022 return.
Listed in Part VII
-
Terry Cox
Executive Dir.
- Total calculated
- $110,000
- From this org
- $110,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Dr Stephen Hannon
Former Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Nicole Murphey
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Sharai Lavoie
Treas/Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Charlie Peninger
Director
- Total calculated
- $0
- Hours/week
- 3
-
David Jones
Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Mark Cramer
Advisor
- Total calculated
- $0
- Hours/week
- 4
-
Greg Lovette
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tim Cascio
Director
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349316256
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