Hubzone Technology Initiative Inc
Donations deductibleRevenue
$364k
year to 31 December 2025
Expenses
$442k
year to 31 December 2025
Total assets
$53k
$4k liabilities
Net assets
$49k
assets less liabilities
Directors and trustees
8
3.2 years on average
Staff
6
employees, year to 31 December 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
3
named in Part VII
Hubzone Technology Initiative Inc's network
8 people4 organisationsi8 people and 4 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (8). Violet dotted lines (4) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
8 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 8 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Aaron Palermo | Board Member | 2024 | 2 yrs |
| Brooke Cook | Board Member | 2022 | 4 yrs |
| Don Williams | Company secretary | 2024 | 2 yrs |
| JED Drake | Board Member | 2024 | 2 yrs |
| Jody Zeugner | Treasurer | 2024 | 2 yrs |
| Matthew Raydo | CEO | 2024 | 2 yrs |
| Melissa Pettis | Board Member | 2022 | 4 yrs |
| Robert Harper | Board Member | 2022 | 4 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
3 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Don Williams | Company secretary | since 2022 |
| Jody Zeugner | Treasurer | since 2022 |
| Matthew Raydo | CEO | since 2022 |
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Brooke Cook | Board Member | $0 | |||
| Jed Drake | Board Member | $0 | |||
| Robert Harper | Board Member | $0 | |||
| Aaron Palermo | Board Member | $0 | |||
| Melissa Pettis | Board Member | $0 | |||
| Matthew Raydo | CEO | $0 | |||
| Jody Zeugner | Treasurer | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Hubzone Technology Initiative Inc
- EIN
- 833153294
- Address
- 501 S Chestnut St, Henderson, NC, 27536-4102
- State
- North Carolina
- Mission
- To bridge the digital divide by providing individuals with technology to achieve their educational and career goals. (as filed on the Form 990)
- Activity (NTEE)
- U41 Science and technology research
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Science & Technology
- Size band
- 4 (IRS master file code)
- Principal officer
- Matthew Raydo (as named on the Form 990)
- IRS ruling date
- 1 July 2019
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 3, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥4years on the filingsBrooke Cook
≥4years on the filingsMelissa Pettis
≥4years on the filingsRobert Harper
≥2years on the filingsAaron Palermo
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $53k
- Total liabilities
- $4k
- Net assets or fund balances
- $49k
- Contributions and grants received
- $364k
- Program service revenue
- $0
- Employees
- 6
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $429k | $328k | $101k |
As filed on the IRS Form 990. US dollars.