Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 1,849,598 | 2,115,907 | 2,280,318 | 3,378,259 | 2,496,135 | 12,120,217 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 2,165,565 | 2,180,983 | 2,058,117 | 2,947,610 | 3,430,070 | 12,782,345 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | 42,003 | 203,642 | 245,645 | |||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | 0 | |||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | 0 | |||||
| 6 | Total. Add lines 1 through 5 | 4,015,163 | 4,296,890 | 4,338,435 | 6,367,872 | 6,129,847 | 25,148,207 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 263,530 | 111,349 | 95,000 | 687,486 | 1,009,113 | 2,166,478 |
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 48,790 | 48,790 | ||||
| c | Add lines 7a and 7b.. | 263,530 | 111,349 | 143,790 | 687,486 | 1,009,113 | 2,215,268 |
| 8 | Public support. (Subtract line 7c from line 6.) | 22,932,939 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 4,015,163 | 4,296,890 | 4,338,435 | 6,367,872 | 6,129,847 | 25,148,207 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 1,532 | 334 | 4,414 | 1,329 | 335 | 7,944 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | 0 | |||||
| c | Add lines 10a and 10b. | 1,532 | 334 | 4,414 | 1,329 | 335 | 7,944 |
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | 0 | |||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | 3,834 | 284 | 4,118 | |||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 4,016,695 | 4,297,224 | 4,346,683 | 6,369,201 | 6,130,466 | 25,160,269 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2021 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2021 |
(iii) Distributable Amount for 2021 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2021 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2021: | ||||
| a From 2016....... | ||||
| b From 2017....... | ||||
| c From 2018....... | ||||
| d From 2019....... | ||||
| e From 2020....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2021 distributable amount | ||||
|
i
Carryover from 2016 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2021 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2021 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2022. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2017..... | ||||
| b Excess from 2018..... | ||||
| c Excess from 2019..... | ||||
| d Excess from 2020..... | ||||
| e Excess from 2021..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
|---|---|
| PART III, SECTION A, LINE 1 | In May 2020, the Organization obtained a Small Business Administration ("SBA") loan under the Paycheck Protection Program Flexibility Act ("PPPFA") totaling $390,780. The Paycheck Protection Program ("PPP") loan bore interest at 1.00%, and would have required repayments under certain circumstances. Under the terms of the Coronavirus Aid, Relief, and Economic Securities Act (the "Cares Act"), the Organization may apply with the lending institution for PPP loan proceeds used within a specified time period to be forgiven, provided the proceeds are used to cover certain payroll and other costs as defined by the Cares Act. During 2020, the Organization utilized $316,085 of PPP funding on qualifying expenses and accordingly recorded this amount as grant revenue within the statement of activities. At June 30, 2020, the remaining unspent amount of $74,695 was reported as a refundable advance in the accompanying statement of financial position. This balance was utilized during 2021 and recognized as revenue within the statement of activities. In September 2021, the Organization was notified that the SBA approved its application for complete loan forgiveness. In April 2021, the Organization obtained another SBA loan under the second round of PPP totaling $456,737. The PPP loan bears interest at 1% and would have required repayments under certain circumstances. Under the Cares Act, the Organization may apply with the lending institution for PPP loan proceeds used within a specified time period to be forgiven, provided the proceeds are used to cover certain payroll and other costs as defined by the Cares Act. During 2021, the Organization utilized all funding on qualifying expenses and accordingly recorded this amount as grant revenue within the statement of activities. On January 28, 2022, the Organization was notified that the SBA approved its application for complete loan forgiveness. |
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Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| PART VI, LINE 8B | COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY: THE COMMITTEES OF THE BOARD FUNCTION AS REVIEW COMMITTEES AND DO NOT HAVE INDEPENDENT "AUTHORITY TO ACT ON ITS BEHALF." RECOMMENDATIONS FOR DECISIONS COME OUT OF THE COMMITTEE FOR BOARD APPROVAL. THE COMPENSATION COMMITTEE WAS FORMED TO HANDLE CEO COMPENSATION ISSUES AND THERE IS DOCUMENTATION FOR THOSE MEETINGS. |
| Part VI, Line 11A | THE TECHBRIDGE MANAGEMENT (CEO AND CONTROLLER) WORKED WITH THE ACCOUNTING FIRM, SMITH & HOWARD ADVISORY, LLC, TO PREPARE AND REVIEW THE 990. UPON THE COMPLETION OF THE FORM 990, IT WAS SENT IN ITS ENTIRETY TO THE FINANCE COMMITTEE FOR REVIEW PRIOR TO SUBMISSION TO THE IRS. A COPY WAS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING. |
| Part VI, Line 12C | HOW THE ORGANIZATION MONITORS ITS CONFLICT OF INTEREST POLICY PER THE CONFLICT OF INTEREST POLICY: "IT IS THE POLICY OF TECHBRIDGE, INC. ("TECHBRIDGE") THAT EACH MEMBER OF THE BOARD OF DIRECTORS DISCLOSES TO THE BOARD ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. DISCLOSURE WILL BE MADE BY SUBMITTING TO THE EXECUTIVE DIRECTOR A LIST OF ALL BUSINESS OR OTHER ORGANIZATIONS OF WHICH THE DIRECTOR OR HIS OR HER SPOUSE OR MINOR CHILDREN IS AN OFFICER, MEMBER, MORE THAN 10% STOCKHOLDER, DIRECTOR, OWNER, PARTNER, OR EMPLOYEE OR FOR WHICH HE OR SHE ACTS AS AN AGENT, WITH WHICH TECHBRIDGE HAS DONE BUSINESS IN THE LAST FIVE (5) YEARS OR IS LIKELY TO DO BUSINESS WITH IN THE FUTURE. AN UPDATED STATEMENT WILL BE SUBMITTED EACH YEAR. A DIRECTOR WILL BE DEEMED TO HAVE AN INTEREST IN ANY TRANSACTION INVOLVING A BUSINESS OR ORGANIZATION WHICH IS OR SHOULD BE INCLUDED IN HIS OR HER WRITTEN NOTICE. THE CHAIRMAN OR THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WILL BE RESPONSIBLE FOR BECOMING FAMILIAR WITH THE STATEMENTS OF ALL BOARD MEMBERS. IF ANY MATTER COMES BEFORE THE BOARD OF DIRECTORS CONCERNING A BUSINESS RELATIONSHIP BETWEEN TECHBRIDGE AND ANY PARTY IN WHICH A DIRECTOR OR THE SPOUSE OR MINOR CHILDREN OF SUCH DIRECTOR HAS AN INTEREST OR WHICH OTHERWISE MAY GIVE RISE TO A CONFLICT OF INTEREST BETWEEN THE DIRECTOR AND TECHBRIDGE, THE AFFECTED DIRECTOR WILL DISCLOSE THE POTENTIAL CONFLICT, WHETHER LISTED IN HIS OR HER WRITTEN STATEMENT OR NOT. THE DIRECTOR WILL ANSWER ANY QUESTIONS OTHER DIRECTORS MAY HAVE AND THEN WITHDRAW FROM ANY MEETING AND WILL NOT PARTICIPATE IN ANY VOTE ON ANY MATTER THAT IMPLICATES THE DISCLOSED CONFLICT OF INTEREST. IF THE DIRECTOR FAILS TO WITHDRAW VOLUNTARILY, THE BOARD CHAIR IS EMPOWERED TO REQUIRE AND WILL REQUIRE THAT THE DIRECTOR WITHDRAW DURING BOTH THE DISCUSSION AND THE VOTE ON THE MATTER. IF THE POTENTIAL CONFLICT OF INTEREST AFFECTS THE CHAIR, THEN THE VICE CHAIR IS EMPOWERED TO REQUIRE AND WILL REQUIRE THAT THE CHAIR WITHDRAW IN THE SAME MANNER. FOR THE DURATION OF DISCUSSION AND ACTION ON THE MATTER, THE VICE CHAIR WILL PRESIDE. IF THE MATTER IS THE ITEM OF BUSINESS FOR WHICH A SPECIAL MEETING OF THE BOARD OF DIRECTORS WAS CALLED, THE AFFECTED DIRECTOR WILL NOT BE COUNTED TO ESTABLISH A QUORUM, NOR WILL HE OR SHE PARTICIPATE IN THE DELIBERATIONS OR VOTE ON IT." |
| Part VI, Line 15A | PROCESS FOR DETERMINING CEO COMPENSATION - THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR OVERSEESNG THE CEO'S COMPENSATION. THE CEO, IN CONJUNCTION WITH THE EXECUTIVE COMMITTEE AND BOARD, DEVELOPED A PLAN OF INITIATIVES AND REPORTED AGAINST THAT PLAN (WITH ITS CHANGES BASED ON EXPERIENCE) IN THE MONTHLY REPORT. IN ADDITION, THE CEO PROVIDED THE EXECUTIVE COMMITTEE A SUMMARY OF ACCOMPLISHMENTS. A BOARD COMPENSATION COMMITTEE EXISTS TO OVERSEE CEO COMPENSATION. FOR THE ANNUAL REPORTING PERIODS, CEO REPORTED ACCOMPLISHMENTS VS PLAN FOR THE ORGANIZATION. BONUS RECOMMENDATIONS WERE MADE BASED UPON ACCOMPLISHMENTS AND TECHBRIDGE'S FINANICAL PERFORMANCE. THESE WERE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. THE CEO'S SALARY CONTINUES TO BE WITHIN THE NONPROFIT RANGE FOR CEO'S, EVEN GIVEN THE FACT THAT TECHBRIDGE IS IN THE TECHNOLOGY SECTOR AND REQUIRES SPECIFIC TECHNOLOGY EXPERIENCE AND EXPERTISE. |
| Part VI, Line 19 | DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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