THE FOUNDATION FOR TECHNOLOGY AND ENGINEERING EDUCATORS INC

EIN: 521426174 501(c)(3)

RESTON, VA

Total Revenue
$34,803
Total Expenses
$88,072
Total Assets
$1,093,943
Net Assets
$1,093,943
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Principal Officer
STEVEN A BARBATO
Phone
7038602100
Tax Period
2017-07-01 to 2018-06-30

THE FOUNDATION FOR TECHNOLOGY AND ENGINEERING EDUCATORS INC, founded in 1986, is a micro nonprofit that reported $35K in total revenue in fiscal year 2017. Revenue decreased 18% compared to the prior year. Expenses of $88K exceeded revenue, resulting in a 153% operating deficit.

Mission

TO ASSIST THE INTERNATIONAL TECHNOLOGY EDUCATION ASSOCIATION, INC. THROUGH SUPPORTING PROGRAMS THAT TRANSFER INDUSTRIAL AND CORPORATE RESEARCH INTO SCHOOL SYSTEMS, ENCOURAGE STUDENTS TO BE TECHNOLOGICALLY LITERATE, PRODUCE MODELS OF EXCELLENCE IN TECHNOLOGY TEACHING, CREATE PUBLIC AWARENESS REGARDING THE NATURE OF TECHNOLOGY EDUCATION, AND HELP TECHNOLOGY TEACHERS MAINTAIN A COMPETITIVE EDGE IN TECHNOLOGY.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $3,939
Program Service Revenue $0
Investment Income $30,864
Other Revenue $0
TOTAL REVENUE $34,803

Expense Breakdown

Grants Paid $9,137
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,191
Other Expenses $78,935
TOTAL EXPENSES $88,072

Year-over-Year Comparison

2017 2016 Change
Revenue $34,803 $42,354 -0.2%
Expenses $88,072 $79,094 +0.1%
Net Income $-53,269 $-36,740 +0.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$171,804
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YVONNE SPICER PRESIDENT 0.50
Officer Director
$0 $0 $0
MICHAEL SANDELL PRESIDENT ELECT 0.50
Officer Director
$0 $0 $0
ED REEVE PAST PRESIDENT 0.50
Officer Director
$0 $0 $0
DEBRA SHAPIRO REGION 1 DIRECTOR 0.50
Director
$0 $0 $0
ABBI RICHCREEK REGION 2 DIRECTOR 0.50
Director
$0 $0 $0
KURT HELGESON REGION 3 DIRECTOR 0.50
Director
$0 $0 $0
GARY STEWARDSON REGION 4 DIRECTOR 0.50
Director
$0 $0 $0
MARK CRENSHAW ITEEA-CSL DIRECTOR 0.50
Director
$0 $0 $0
SCOTT GREENHALGH TEECA DIRECTOR 0.50
Director
$0 $0 $0
CHARLOTTE HOLTER ITEEA-CC DIRECTOR 0.50
Director
$0 $0 $0
MARIE HOEPFL CTETE DIRECTOR 0.50
Director
$0 $0 $0
STEVEN BARBATO EXEC. DIRECTOR/CEO 5.50
Officer
$0 $15,704 $171,804
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $34,803 $88,072 $1,093,943 $-53,269
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