Technology Laboratory And Professional Development Center
Technology Laboratory And Professional Development Center shows consistent revenue growth and zero officer compensation.
EIN: 208370098 · Garden City, MI · NTEE: B80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $543K |
| Total Expenses | $313K |
| Program Spending | 85% |
| Net Assets | $223K |
| Transparency Score | 90/100 |
Is Technology Laboratory And Professional Development Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Technology Laboratory And Professional Development Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Technology Laboratory And Professional Development Center
Technology Laboratory And Professional Development Center (EIN: 208370098) is a nonprofit organization based in Garden City, MI, classified under NTEE code B80. The organization reported total revenue of $543K and total assets of $438K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Technology Laboratory And Professional Development Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Technology Laboratory And Professional Development Center is a small nonprofit that has been operating for 9 years, with 12 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $390K |
| Total Expenses | $313K |
| Surplus / Deficit | +$78K |
| Total Assets | $471K |
| Total Liabilities | $248K |
| Net Assets | $223K |
| Operating Margin | 19.9% |
| Debt-to-Asset Ratio | 52.7% |
| Months of Reserves | 18.1 months |
Financial Health Grade: A
In 2022, Technology Laboratory And Professional Development Center reported a surplus of $78K with revenue exceeding expenses, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 52.7% (high leverage).
Financial Trends
Over 12 years of filings (2010–2022), Technology Laboratory And Professional Development Center's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +48.1% | +16.3% | +174.8% |
| 2021 | -4.2% | +5.8% | -44.5% |
| 2020 | +2.9% | +0.1% | +50.3% |
| 2019 | +15.7% | +14.4% | +19.5% |
| 2018 | +22.9% | +15.1% | +41.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Technology Laboratory And Professional Development Center with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Technology Laboratory And Professional Development Center allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $78K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly commendable and suggests a strong dedication to maximizing funds for programmatic activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Technology Laboratory And Professional Development Center's IRS 990 filings:
- Increasing liabilities, which reached $248,229 in 2022, warrant monitoring to ensure they remain manageable relative to assets.
Strengths
The following positive indicators were identified for Technology Laboratory And Professional Development Center:
- Consistent revenue growth, with revenue increasing from $199,825 in 2013 to $390,275 in 2022.
- Zero officer compensation reported across all filings, indicating high efficiency in directing funds to mission.
- Significant asset growth, from $17,509 in 2014 to $470,803 in 2022, enhancing financial stability.
- Expenses consistently below revenue in most recent years, leading to healthy surpluses.
- Strong and consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Technology Laboratory And Professional Development Center
Is Technology Laboratory And Professional Development Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Technology Laboratory And Professional Development Center (EIN: 208370098) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Technology Laboratory And Professional Development Center spend its money?
Technology Laboratory And Professional Development Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Technology Laboratory And Professional Development Center tax-deductible?
Technology Laboratory And Professional Development Center is registered as a tax-exempt nonprofit (EIN: 208370098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Technology Laboratory And Professional Development Center's spending goes to programs?
Technology Laboratory And Professional Development Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Technology Laboratory And Professional Development Center compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Technology Laboratory And Professional Development Center is above average for NTEE category B80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Technology Laboratory And Professional Development Center located?
Technology Laboratory And Professional Development Center is headquartered in Garden City, Michigan and files with the IRS under EIN 208370098. It is classified under NTEE code B80.
How many years of IRS 990 filings does Technology Laboratory And Professional Development Center have?
Technology Laboratory And Professional Development Center has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $543K in total revenue.
Is Technology Laboratory And Professional Development Center a good charity?
Based on the available financial data, Technology Laboratory And Professional Development Center appears to be a good charity. It demonstrates consistent revenue growth, maintains expenses below revenue, and notably reports 0% officer compensation, indicating a strong commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly. Revenue has grown from $199,825 in 2013 to $390,275 in 2022, and assets have increased dramatically from $17,509 in 2014 to $470,803 in 2022, indicating substantial growth and increased financial capacity.
What is the trend in the organization's assets and liabilities?
Assets have shown a strong upward trend, growing from $17,509 in 2014 to $470,803 in 2022. Liabilities have also increased, from $17,825 in 2014 to $248,229 in 2022, though assets still significantly outweigh liabilities.
Filing History
IRS 990 filing history for Technology Laboratory And Professional Development Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2022), Technology Laboratory And Professional Development Center's revenue has grown by 436.1%, moving from $73K to $390K. Total assets increased by 984% over the same period, from $43K to $471K. Total functional expenses rose by 137.4%, from $132K to $313K. In its most recent filing year (2022), Technology Laboratory And Professional Development Center reported a surplus of $78K, with revenue exceeding expenses. The organization holds $248K in liabilities against $471K in assets (debt-to-asset ratio: 52.7%), resulting in net assets of $223K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $390K | $313K | $471K | $248K | — | View 990 |
| 2021 | $264K | $269K | $171K | $156K | — | View 990 |
| 2020 | $275K | $254K | $309K | $288K | — | — |
| 2019 | $267K | $254K | $205K | $183K | — | View 990 |
| 2018 | $231K | $222K | $172K | $163K | — | View 990 |
| 2017 | $188K | $193K | $121K | $121K | — | View 990 |
| 2016 | $190K | $189K | $198K | $66K | — | View 990 |
| 2014 | $241K | $240K | $18K | $18K | — | — |
| 2013 | $200K | $215K | $21K | $20K | — | — |
| 2012 | $208K | $214K | $40K | $131K | — | View 990 |
| 2011 | $46K | $132K | $43K | $117K | — | View 990 |
| 2010 | $73K | $132K | $43K | $117K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $390K, expenses of $313K, and assets of $471K (revenue +48.1% year-over-year).
- 2021: Revenue of $264K, expenses of $269K, and assets of $171K (revenue -4.2% year-over-year).
- 2020: Revenue of $275K, expenses of $254K, and assets of $309K (revenue +2.9% year-over-year).
- 2019: Revenue of $267K, expenses of $254K, and assets of $205K (revenue +15.7% year-over-year).
- 2018: Revenue of $231K, expenses of $222K, and assets of $172K (revenue +22.9% year-over-year).
- 2017: Revenue of $188K, expenses of $193K, and assets of $121K (revenue -1.1% year-over-year).
- 2016: Revenue of $190K, expenses of $189K, and assets of $198K (revenue -21.1% year-over-year).
- 2014: Revenue of $241K, expenses of $240K, and assets of $18K (revenue +20.5% year-over-year).
- 2013: Revenue of $200K, expenses of $215K, and assets of $21K (revenue -3.9% year-over-year).
- 2012: Revenue of $208K, expenses of $214K, and assets of $40K (revenue +354.1% year-over-year).
- 2011: Revenue of $46K, expenses of $132K, and assets of $43K (revenue -37.1% year-over-year).
- 2010: Revenue of $73K, expenses of $132K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Technology Laboratory And Professional Development Center:
Data Sources and Methodology
This transparency report for Technology Laboratory And Professional Development Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.