Powered by CharityEZ

CharityEZ

Charity report ready

TECH FOUNDRY INC

We found this organization. Review its mission, finances, leadership, and ways to help below.

Back to search results

This takes you back to the exact search that opened this report.

Public IRS 990 nonprofit record

TECH FOUNDRY INC

EIN 46-4389001 · Vocational & Technical Schools (B30)

What they do

FOUNDED BY CONCERNED AREA EMPLOYERS WHO SAW A DRAMATIC NEED for A SKILLED IT WORKFORCE, TECH FOUNDRY is ON A MISSION to BUILD THE MOST DYNAMIC and FLUID IT WORKFORCE DEVELOPMENT and TRAINING PROGRAMS EVER CREATED. DRIVEN BY SPECIFIC EMPLOYER DEMANDS, WE COMBINE HANDS-ON SKILL FOCUSED TECHNICAL TRAINING WITH PROFESSIONAL DEVELOPMENT, WHICH AIDS US IN OUR OVERARCHING DUTY to ELEVATE AN UNDER-SERVED, AT-RISK POPULATION INTO TOMORROWS IT WORKFORCE. THE GREATER SPRINGFIELD AREA of MASSACHUSETTS is A REGION RIPE WITH OPPORTUNITY. A LOW COST of LIVING and HIGH and QUALITY of LIFE MAKE IT AN ATTRACTIVE COMMUNITY for BUSINESSES and EMPLOYEES ALIKE. THE OBSTACLE to GROWTH for OUR REGION is THE LACK of A SKILLED WORKFORCE. WITHOUT A STRONG, SCALABLE, and DYNAMIC WORKFORCE, EMPLOYERS ARE HESITANT to LOCATE and GROW JOBS HERE and THE TALENT WE DO HAVE is HESITANT to STAY. AT NO COST to THE STUDENTS, WE PREPARE A CROSS-SECTION of THE POPULATION to STEP INTO A SUSTAINABLE CAREER IN THE INFORMATION T

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $79.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

67.15%of revenue went to mission work79.5% of expenses · Program services
5.39%of revenue went to fundraising6.4% of expenses
$84.43spent for every $100 of revenueRevenue covered expenses this year.
11.89%of revenue went to management and office costs14.1% of expenses
$0.90in assets for every $1 spent this yearSome assets cannot be spent right away.
98.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $173,822 for PATRICIA CANAVAN (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,956,783
Mission workProgram services$1,313,89067.15% of revenue79.5% of expenses
ManagementOffice and general costs$232,75711.89% of revenue14.1% of expenses
FundraisingAsking for donations$105,4485.39% of revenue6.4% of expenses
Revenue left after expensesReported annual surplus$304,68815.57% of revenueShown in gray on the chart
Total expenses$1,652,09584.43% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 79.5% mission · 14.1% management · 6.4% fundraisingTotal expenses: 84.43% of revenue
2023Expense mix: 76.2% mission · 19.6% management · 4.2% fundraisingTotal expenses: 75.13% of revenue
2022Expense mix: 76.2% mission · 18.7% management · 5.1% fundraisingTotal expenses: 82.77% of revenue
2021Expense mix: 81.8% mission · 12.7% management · 5.5% fundraisingTotal expenses: 130.59% of revenue
2020Expense mix: 81.0% mission · 11.1% management · 7.9% fundraisingTotal expenses: 72.05% of revenue
2019Expense mix: 77.9% mission · 12.0% management · 10.2% fundraisingTotal expenses: 84.33% of revenue
2018Expense mix: 70.9% mission · 18.5% management · 10.6% fundraisingTotal expenses: 123.77% of revenue
2017Expense mix: 88.1% mission · 11.9% management · 0.1% fundraisingTotal expenses: 113.89% of revenue

Money in and money out

Revenue$1,956,783
Expenses$1,652,095
Annual surplus $304,688 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,313,890 · 79.5% of expenses
Management and office costs$232,757 · 14.1% of expenses
Fundraising$105,448 · 6.4% of expenses
See all reported dollar amounts
Revenue$1,956,783
Expenses$1,652,095
Assets$1,493,550
Income$1,956,783
Contributions$1,919,289
Mission work (program services)$1,313,890
Fundraising$105,448
Management and general$232,757
Accounting fees$46,571
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
PATRICIA CANAVANCEO · 40 hrs/week $173,822Base $171,731 · Other $2,091

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

PATRICIA CANAVANCEO

HECTOR TOLEDODIRECTOR

XIAOLEI HUADIRECTOR

SAMALID HOGANDIRECTOR

SALAM ZEBIANDIRECTOR

PAUL NICHOLSONTREASURER

PATRICK STRECKDIRECTOR

MIKE WALKERPRESIDENT

JAY ASHDIRECTOR

ANN MCFARLAND BURKEDIRECTOR

EVERTON CHINDIRECTOR

DR GEORGE TIMMONSDIRECTOR

DIANNE DOHERTYDIRECTOR

DAWN CREIGHTONDIRECTOR

DAMON DEPAOLODIRECTOR

CINDY KNOWLESDIRECTOR

BRIANA DAWKINSCLERK

About this charity

Recognized since
January 2014
Location
1350 MAIN ST STE 500, SPRINGFIELD, MA 01103-1783
County
Hampden
In care of
% DELCIE BEAN
Primary officer
PAUL NICHOLSON, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(413) 276-0609

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
BURGESS ROBB & GRASSETTI PC
NTEE classification
Vocational & Technical Schools (B30)
IRS tax category
Vocational & Technical Schools

Thanks for caring! Learning about a charity is a great first step toward giving back.

About this report: Information comes from public nonprofit records and may show the latest filing available.

Back to search results
Want to go deeper?

Full charity research is waiting at CharityEZ

Explore complete charity searches, information, reports, and research tools.

For Full Charity Searches and Information — Try CharityEZ
Are you this charity?Keep your current needs updated free with CharityEZ.
Post your needs free