Public Charity

Gaston Innovation Group Inc

Gaston Innovation Group Inc, of Belmont, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $560K in revenue, $462K in expenses, $284K in total assets. 7 publicly reported grants to this organization, totaling roughly $125K, appear in IRS filings.

EIN: 813076695 Belmont, NC Support N.E.C. NTEE: S19 Latest filing: 2024
Total Revenue$560K
Total Expenses$462K
Total Assets$284K
Grant Records7
Funding Total$125K
Filing Years2020–2024

Mission

Gaston Innnovation Group, Inc., dba TechWorks Gaston, was formed for the purpose of improving the socio-economic conditions for citizens of Gaston County, North Carolina, by stimulating job growth through digital inclusion, small business formation and entrepreneurship, and advancement of technology. The programs and services the organization will be developing and delivering are badly needed in Gaston County due to the challenging economic conditions in the County. Gaston County had the highest unemployment rate (by at least .5%) of all the NC counties contiguous to and including Mecklenburg County and the highest poverty rate among NC counties in that same region. TechWorks Gaston addresses upward mobility for the low to moderate income population by expanding access to high speed internet, as well as specially-designed coding and other technology classes, a digital roadmap with digital literacy tools and training, and partnerships with local colleges and K-12 schools, and other orga

Where $100 goes at Gaston Innovation Group Inc

How Gaston Innovation Group Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$34 Programs the work itself
$54 Management running the organization
$12 Fundraising raising the next dollar

Inside the $34 for programs

$29
K-12 STEM ClassesRowing & Robotics Summer Camp, June
85% of program spending · Reported in the filing: 12 programs
$5
Pearson Vue Certification Testing Center and College Board Exam AdministrationTechWorks is open to the public for certification testing 5 days/week all year long
15% of program spending · Reported in the filing: 80 students
<$1
Various Adult Enterpreneurial and Tech Daily CoursesMonthly Lunch & Learns for Entrepreneurs Cybersecurity for Small BusinessDeal Desk Sessions with seasoned entrepreneurs/investors Chat GPT Seminar Oct 13 and Dec…
0% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Chairman David Jones
Former Chairman Dr Stephen Hannon
Director Greg Lovette
Advisor Mark Cramer
Vice Chairman Nicole Murphey
Treas/Secretary Sharai Lavoie

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$125,100 7 grants

Financial Trends

Year Revenue Expenses Assets
2024 $560K $462K $284K
2023 $399K $475K $252K
2022 $766K $476K $287K
2021 $241K $488K $343K
2020 $235K $440K $441K

Between 2020 and 2024, reported annual revenue grew from $235K to $560K (+139%), with total assets most recently reported at $284K.

Interactive year-over-year charts and full filing details available with membership.

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