Form 990 for tax year 2022
Filed by NORTHEASTERN TECHNICAL COLLEGE FOUNDATION.
Totals
- Total revenue
- $403,329
- Total expenses
- $204,139
- Contributions and grants received
- $333,831
- Grants paid
- $121,854
- Program service revenue
- $64,840
- Investment income
- $4,658
- Other revenue
- $0
- Total assets, end of year
- $2,451,723
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,451,723
- Program services expenses (Part IX)
- $170,571
- Management and general expenses
- $32,008
- Fundraising expenses
- $1,560
- Program service expenses (Part III)
- $170,571
Program services were 83.6% 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.
-
1f · All other contributions, gifts and grants
$333,831
-
2a · Program service revenue: RENTAL INCOME
total $64,840 · related or exempt $64,840
-
3 · Investment income
total $4,658 · excluded $4,658
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $98,353 · program services $98,353
-
2 · Grants to domestic individuals
total $23,501 · program services $23,501
-
11d · Fees: lobbying
total $6,600 · management and general $6,600
-
11f · Fees: investment management
total $4,659 · management and general $4,659
-
13 · Office expenses
total $17,679 · management and general $17,679
-
17 · Travel
total $862 · fundraising $862
-
19 · Conferences, conventions and meetings
total $3,070 · management and general $3,070
-
22 · Depreciation, depletion and amortization
total $48,717 · program services $48,717
-
23 · Insurance
total $698 · fundraising $698
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $33,812 · end of year $750,579
-
2 · Savings and temporary cash investments
beginning of year $859,143 · end of year $388,289
-
3 · Pledges and grants receivable
beginning of year $143,504 · end of year $76,333
-
10a · Land, buildings and equipment: cost or other basis
$1,319,056
-
10b · Land, buildings and equipment: accumulated depreciation
$262,170
-
10c · Land, buildings and equipment, net
beginning of year $1,240,509 · end of year $1,056,886
-
11 · Investments: publicly traded securities
beginning of year $172,464 · end of year $179,636
-
19 · Deferred revenue
beginning of year $39,507 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,334,412 · end of year $1,052,462
-
28 · Net assets with donor restrictions
beginning of year $1,075,513 · end of year $1,399,261
Mission and programs · 2022
Mission
SUPPORT OF NORTHEASTERN TECHNICAL COLLEGE
-
THE FOUNDATION IS THE SUPPORT FOR NORTHEASTERN TECHNICAL COLLEGE TRAINING PROGRAM FOR CURRENT COMPANIES, FUTURE COMPANIES AND FOR THE LOCAL COUNTIES AND COMMUNITIES.
Expenses $170,571 · Grants $121,854 · Revenue $64,840
As filed on the 2022 return.
Listed in Part VII
-
Dr Kyle WagnerDR KYLE WAGNER
PRESIDENT, NETC
- Total calculated
- $0
- Hours/week
- 2
-
Elisabeth McNeilELISABETH MCNEIL
FOUNDATION CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Tom PharrTOM PHARR
FINANCE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Dan BozardDAN BOZARD
AREA COMMISSION CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Dorr R DepewDORR R DEPEW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mb Godbold JrcluMB GODBOLD JRCLU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ronald HeneganRONALD HENEGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John MeltonJOHN MELTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ivy PopeIVY POPE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James Roberts IIIJAMES ROBERTS III
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
-
NORTHEASTERN TECHNICAL COLLEGE
$98,352
EDUCATIONAL ASSISSTANCE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421359349302537
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