GREATER RICHMOND TECHNOLOGY COUNCIL Charity Report

Public IRS 990 nonprofit record

GREATER RICHMOND TECHNOLOGY COUNCIL

EIN 54-1599550 · Chambers of Commerce & Business Leagues (S41)

What they do

THE ORGANIZATIONS MISSION is to PROMOTE THE SUCCESS of TECHNOLOGY COMPANIES and THE GROWTH of THE TECHNOLOGY SECTOR WITHIN THE CENTRAL VIRGINIA ECONOMY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.80 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 leaders41 people are listed in the latest report.

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

Money made simple

98.31%of revenue went to mission work91.8% of expenses · Program services

$107.10spent for every $100 of revenueSpending was higher than revenue this year.

$0.55in assets for every $1 spent this yearSome assets cannot be spent right away.

61.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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

Worth asking: Expenses exceeded revenue by $71,391 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $193,078 for NICK SERFASS (CHIEF EXEC.). 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.

$100revenue

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$1,005,265

Mission workProgram services$988,27198.31% of revenue91.8% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$1,076,656107.10% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 91.8% mission · 0.0% management · 0.0% fundraisingTotal expenses: 107.10% of revenue

2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 119.65% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 105.48% of revenue

2021Expense mix: 114.6% mission · 0.0% management · 0.0% fundraisingTotal expenses: 79.60% of revenue

2020Expense mix: 95.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 92.49% of revenue

2019Expense mix: 42.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 86.51% of revenue

2018Expense mix: 41.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 98.99% of revenue

2017Expense mix: 53.8% mission · 0.0% management · 0.0% fundraisingTotal expenses: 103.47% of revenue

Money in and money out

Revenue$1,005,265

Expenses$1,076,656

Annual shortfall $71,391 Expenses were higher than revenue 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)$988,271 · 91.8% of expenses

See all reported dollar amounts

Revenue$1,005,265

Expenses$1,076,656

Assets$595,129

Income$1,066,361

Contributions$620,307

Mission work (program services)$988,271

Accounting fees$3,950

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

NICK SERFASSCHIEF EXEC. · 40 hrs/week $193,078Base $187,454 · Other $5,624

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 (41)

NICK SERFASSCHIEF EXEC.

MIKE LEMPNERDIRECTOR

JENNIFER FAGANDIRECTOR

JESSICA ALLISONSECRETARY

JIMMY CHOUDIRECTOR

JOHN BARRARDIRECTOR

JONATHAN BARTEEDIRECTOR

KAREN DIGGSDIRECTOR

KELLEY MCCALLDIRECTOR

MARK DEVOOGHTDIRECTOR

MARY LYNNE STAIBCHAIR

MEGHAN HOLTMEMBERSHIP C

JAY ATKINSONDIRECTOR

PAUL DEVITTDIRECTOR

ROHANA MEADEDIRECTOR

RYAN EMMONSDIRECTOR

SONNY GUPTADIRECTOR

TOM ARRUDADIRECTOR

TOM CARRDIRECTOR

TUCKER MAHANDIRECTOR

VIDA WILLIAMSDIRECTOR

DON PARRPOLICY CHAIR

ADAM FOLDENAUERDIRECTOR

AIMEE PALMERDIRECTOR

ALEX OTANEZDIRECTOR

AMBER TILLMANDIRECTOR

BRIAN BASSETTDIRECTOR

CHRISTINA HOLLINGSWORTHDIRECTOR

CHRYSTAL NEALDIRECTOR

CONAWAY HASKINSDIRECTOR

DIANE SCHNUPPDIRECTOR

AARON MATHESDIRECTOR

EMILY MERCERDIRECTOR

GAURAV CHAWLADIRECTOR

GORDON KELLYDIRECTOR

HEIDI COOKDIRECTOR

HUNTER SHOMODIRECTOR

IAN TYNDALLVICE CHAIR

INGRID NELSONDIRECTOR

JAMELLE WILSONDIRECTOR

JASON DUFNERTREASURER

About this charity

Recognized since: January 1992
Location: 1717 E CARY ST, RICHMOND, VA 23223
County: City of Richmond
In care of: NICK SERFASS
Primary officer: NICK SERFASS, CHIEF EXEC. OFFICER

How to reach them

WebsiteVisit the charity’s website Emailinfo@rvatech.com Phone(804) 655-0896 Officer phone(804) 523-3418

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: WELLSCOLEMAN
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues