Technyc Inc

Nonprofit profile at a glance

EIN
811219959
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
6465040940
Rating confidence
Limited
Sector
Business and Industry

Official website

Reported finances

Revenue
$3,907,001
Expenses
$3,461,126
Assets
$1,256,173
Liabilities
$873,202

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • JULIE SAMUELS (PRESIDENT/SECRETARY/CEO)
  • MARJORIE VELAZQUEZ (VICE PRESIDENT, POLICY)

Highest reported compensation

  • JULIE SAMUELS (PRESIDENT/SECRETARY/CEO): $427,307 total reported compensation
  • SARAH BROWN (CHIEF OF STAFF): $305,322 total reported compensation
  • MARJORIE VELAZQUEZ (VICE PRESIDENT, POLICY): $150,103 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

An engaged network of tech leaders working to foster a dynamic, diverse, and creative New York. We bring together new yorkers to support a successful technology ecosystem, attract and retain top-tier talent, and celebrate New York and the companies that call it home.leveraging our network, tech: nyc advocates for policies that support the growth of technology companies and technology talent in nyc; promote inclusion and diversity; and create access for all new yorkers to connectivity, tools, and training.

What it reported doing in 2024

In 2024, tech: nyc supported the New York tech ecosystem through research, programming, and advocacy, while simultaneously working with stakeholders to ensure tech continued to give back to New York. In 2024, tech: nyc hosted more than 75 events, convening the city's top tech leaders, emerging startup founders, and our deep rolodex of government and civic partners. In the autumn of 2024, tech: nyc helped to support New York tech week through over a dozen events and activations, including the launch of founder house.tech: nyc delivered official testimony on a wide range of issues, including: e-bike safety; ai in public education; ev infrastructure; cryptocurrency regulation; rideshare pricing; facial recognition; and congestion pricing. Tech: nyc offered government leaders memos on several topics, including: data privacy & child data privacy; public broadband and 5g; home sharing and food delivery platforms, increasing access to tech jobs; autonomous vehicles; law enforcement use of personal data; and blockchain technologies.tech: nyc co-published original reports looking at New York's global positioning, as well as hiring and talent trends. In addition, tech: nyc launched a nyc tech jobs board in 2024 to help track hiring across the ecosystem. In 2024 tech: nyc launched a partnership with nyc public schools via future ready working with more than 30 high schools to reach approximately 5,000 students. Tech: nyc also continued its involvement in the nyc computer science opportunity fair, which brough together over 2,000 students from 60+ schools alongside tech companies.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 75
  • Accountability: 65
  • Sustainability: 36
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 11.4%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 0.36; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 36.4%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 17.4% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 14.5% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 5 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $427K · 10 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $1.1M reported
  • Consistency: 10 of 11 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Accountability: Governance controls: 4 of 8 not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.