Hubzone Technology Initiative Inc

Nonprofit profile at a glance

EIN
833153294
IRS 990 coverage
2022–2025
Forms available
Form 990 2025, Form 990-N 2021
Location
Henderson, NC, USA
Phone
9194142340
Rating
51
Verdict
MIXED
Rating confidence
Moderate
Sector
Computer Science

Official website

Reported finances

Revenue
$363,940
Expenses
$442,203
Assets
$52,771
Liabilities
$3,831

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MATTHEW RAYDO (CEO)

People named in this filing

  • BROOKE COOK (BOARD MEMBER)
  • JED DRAKE (BOARD MEMBER)
  • ROBERT HARPER (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To bridge the digital divide by providing individuals with technology to achieve their educational and career goals.

What it reported doing in 2025

In 2025, hti donated 676 chromebooks to individuals and organizations across our service area, reflecting continued growth over the prior year. As of mid-2026, we have already donated 560 chromebooks, putting us on pace to significantly surpass our 2025 total by the end of the year. We are now partnered with over 175 nonprofit organizations and continue to serve individuals through an easy-to-access online application, ensuring that people who are not connected to a partner organization can still receive the technology they need. In 2025, hti launched its digital literacy skills program, and we are currently conducting classes to help participants build the practical technology skills needed for education, employment, communication, and everyday life. We also continue to expand our techrevive program across North Carolina, strengthening our ability to collect, refurbish, and redistribute donated technology throughout the state.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 90
  • Accountability: 6
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.3%; rating input score 40
  • Program expense ratio: 33.2%; rating input score 33
  • Fundraising efficiency: $88.36 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 8th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -21.5%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 17% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 36.4% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 40.6% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 40.3% of revenue deployed · 33.2% of spending went to programs
  • Governance: 0 of 7 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $147K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 33/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.