GREATER RICHMOND TECHNOLOGY COUNCIL

EIN: 541599550 Community Improvement

RICHMOND, VA

Total Revenue
$912,236
Total Expenses
$1,091,451
Total Assets
$626,480
Net Assets
$174,497
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
NICK SERFASS
Phone
8046550896
Tax Period
2023-01-01 to 2023-12-31

GREATER RICHMOND TECHNOLOGY COUNCIL, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $632K in total revenue in fiscal year 2018. Revenue decreased 5% compared to the prior year.

Mission

THE ORGANIZATION'S MISSION IS TO PROMOTE THE SUCCESS OF TECHNOLOGY COMPANIES AND THE GROWTH OF THE TECHNOLOGY SECTOR WITHIN THE CENTRAL VIRGINIA ECONOMY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $582,800
Program Service Revenue $334,932
Investment Income $381
Other Revenue $-5,877
TOTAL REVENUE $912,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $434,898
Fundraising Expenses $0
Program Expenses $1,091,449
Other Expenses $656,553
TOTAL EXPENSES $1,091,451

Year-over-Year Comparison

2023 2022 Change
Revenue $912,236 $838,239 +0.1%
Expenses $1,091,451 $884,183 +0.2%
Net Income $-179,215 $-45,944 +2.9%
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
38
Independent Members
38
Employees
5
Volunteers
100

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
6
$0
Total Directors
39
$189,242
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY LYNNE STAIB CHAIR 1.00
Officer Director
$0 $0 $0
IAN TYNDALL VICE CHAIR 1.00
Officer Director
$0 $0 $0
JASON DUFNER TREASURER 1.00
Officer Director
$0 $0 $0
JESSICA ALLISON SECRETARY 1.00
Officer Director
$0 $0 $0
MEGHAN HOLT MEMBERSHIP C 1.00
Officer Director
$0 $0 $0
TWANN ATKINS POLICY CHAIR 1.00
Officer Director
$0 $0 $0
NICK SERFASS CHIEF EXEC. 40.00
Director
$183,730 $5,512 $189,242
AARON MATHES DIRECTOR 1.00
Director
$0 $0 $0
ADAM FOLDENAUER DIRECTOR 1.00
Director
$0 $0 $0
ALEX TULCHINSKY DIRECTOR 1.00
Director
$0 $0 $0
AMBER TILLMAN DIRECTOR 1.00
Director
$0 $0 $0
ANDREA GOULET DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA HOLLINGSWORTH DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY TOTTEN DIRECTOR 1.00
Director
$0 $0 $0
DIANE SCHNUPP DIRECTOR 1.00
Director
$0 $0 $0
GAURAV CHAWLA DIRECTOR 1.00
Director
$0 $0 $0
GORDON KELLY DIRECTOR 1.00
Director
$0 $0 $0
HEIDI COOK DIRECTOR 1.00
Director
$0 $0 $0
HENRY RICHIE DIRECTOR 1.00
Director
$0 $0 $0
HUNTER SHOMO DIRECTOR 1.00
Director
$0 $0 $0
JAY ATKINSON DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER FAGAN DIRECTOR 1.00
Director
$0 $0 $0
JOHN BARRAR DIRECTOR 1.00
Director
$0 $0 $0
JOHNATHAN BARTEE DIRECTOR 1.00
Director
$0 $0 $0
LORI JENNINGS DIRECTOR 1.00
Director
$0 $0 $0
MICHELE MATTHEWS DIRECTOR 1.00
Director
$0 $0 $0
PATRICK CUSHING DIRECTOR 1.00
Director
$0 $0 $0
RYAN EMMONS DIRECTOR 1.00
Director
$0 $0 $0
ROHANA MEADE DIRECTOR 1.00
Director
$0 $0 $0
SAM NIXON DIRECTOR 1.00
Director
$0 $0 $0
SCOTT MCAULIFFE DIRECTOR 1.00
Director
$0 $0 $0
SEAN MOORE DIRECTOR 1.00
Director
$0 $0 $0
SONNY GUPTA DIRECTOR 1.00
Director
$0 $0 $0
VIDA WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
TOM ARRUDA DIRECTOR 1.00
Director
$0 $0 $0
TOM CARR DIRECTOR 1.00
Director
$0 $0 $0
TUCKER MAHAN DIRECTOR 1.00
Director
$0 $0 $0
KELLEY MCCALL DIRECTOR 1.00
Director
$0 $0 $0
BRIAN BASSET DIRECTOR 1.00
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $912,236 $1,091,451 $626,480 $-179,215
2022 $838,239 $884,183 $790,883 $-45,944
2021 $845,384 $672,935 $671,404 $172,449
2020 $703,929 $651,060 $565,654 $52,869
2019 $839,157 $725,977 $380,861 $113,180
2018 $632,449 $626,087 $198,672 $6,362
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