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Nonprofit · EIN 83-3153294

HUBZONE TECHNOLOGY INITIATIVE INC

Tax-exempt · HENDERSON, NC 27536

Financials

$301K$278K2023$429K$328K2024$364K$442K2025
Revenue Expenses · by fiscal year end
Financials of HUBZONE TECHNOLOGY INITIATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$363,940$442,203-$78,263$52,771$3,831$48,940
December 31, 2024990$429,364$328,473$100,891$138,645$11,442$127,203
December 31, 2023990$301,152$278,136$23,016$33,252$6,940$26,312
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$363,940
of which government grants
$214,380
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$246,111
Salaries, compensation and benefits (total)
$267,525
Professional fundraising fees
$0
Accounting fees
$1,150
Occupancy
$18,517
Travel
$3,642
Depreciation
$20,249
Program services (functional)
$146,603
Management and general (functional)
$291,481
Fundraising (functional)
$4,119

Balance sheet and other

Total assets, start of year
$138,645
Total assets, end of year
$52,771
Total liabilities, end of year
$3,831
Net assets, end of year
$48,940
Land, buildings and equipment
$14,233
Gross receipts
$363,940
Employees
6
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
BROOKE COOKBOARD MEMBER
Trustee or director
–$0
JED DRAKEBOARD MEMBER
Trustee or director
–$0
ROBERT HARPERBOARD MEMBER
Trustee or director
–$0
AARON PALERMOBOARD MEMBER
Trustee or director
–$0
MELISSA PETTISBOARD MEMBER
Trustee or director
–$0
MATTHEW RAYDOCEO
Trustee or director, Officer
–$0
JODY ZEUGNERTREASURER
Trustee or director, Officer
–$0
990 for the year ended December 31, 2024: 8 people
NameTitleHours / weekCompensation
BROOKE COOKBOARD MEMBER
Trustee or director
–$0
JED DRAKEBOARD MEMBER
Trustee or director
–$0
ROBERT HARPERBOARD MEMBER
Trustee or director
–$0
AARON PALERMOBOARD MEMBER
Trustee or director
–$0
MELISSA PETTISBOARD MEMBER
Trustee or director
–$0
MATTHEW RAYDOCEO
Trustee or director, Officer
–$0
DON WILLIAMSSECRETARY
Trustee or director, Officer
–$0
JODY ZEUGNERTREASURER
Trustee or director, Officer
–$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
BROOKE COOKBOARD MEMBER
Trustee or director
–$0
ROBERT HARPERBOARD MEMBER
Trustee or director
–$0
MELISSA PETTISBOARD MEMBER
Trustee or director
–$0
MATTHEW RAYDOCEO
Officer
–$0
DON WILLIAMSSECRETARY
Officer
–$0
JODY ZEUGNERTREASURER
Officer
–$0

Address and contacts

Address (IRS master file)
501 S CHESTNUT ST, HENDERSON, NC 27536-4102
In care of
% MATT RAYDO
Mailing address (990-N for 2021)
208 N Garnett St Suite F, Henderson NC 27536
Principal officer (990 for 2025)
MATTHEW RAYDO, 7424 DOVER HILLS DRIVE, WAKE FOREST, NC 27587
Principal officer (990-N for 2021)
Matthew Raydo, 7424 Dover Hills Drive, Wake Forest NC 27587
Signed the 990
MATTHEW RAYDO, CEO
Phone
(919) 414-2340
Return prepared by
MITCHELL & NEMITZ PA

Mission

TO BRIDGE THE DIGITAL DIVIDE BY PROVIDING INDIVIDUALS WITH TECHNOLOGY TO ACHIEVE THEIR EDUCATIONAL AND CAREER GOALS.

990 for the year ended December 31, 2025

Program accomplishments

  • IN 2025, HTI DONATED 676 CHROMEBOOKS TO INDIVIDUALS AND ORGANIZATIONS ACROSS OUR SERVICE AREA, REFLECTING CONTINUED GROWTH OVER THE PRIOR YEAR. AS OF MID-2026, WE HAVE ALREADY DONATED 560 CHROMEBOOKS, PUTTING US ON PACE TO SIGNIFICANTLY SURPASS OUR 2025 TOTAL BY THE END OF THE YEAR. WE ARE NOW PARTNERED WITH OVER 175 NONPROFIT ORGANIZATIONS AND CONTINUE TO SERVE INDIVIDUALS THROUGH AN EASY-TO-ACCESS ONLINE APPLICATION, ENSURING THAT PEOPLE WHO ARE NOT CONNECTED TO A PARTNER ORGANIZATION CAN STILL RECEIVE THE TECHNOLOGY THEY NEED. IN 2025, HTI LAUNCHED ITS DIGITAL LITERACY SKILLS PROGRAM, AND WE ARE CURRENTLY CONDUCTING CLASSES TO HELP PARTICIPANTS BUILD THE PRACTICAL TECHNOLOGY SKILLS NEEDED FOR EDUCATION, EMPLOYMENT, COMMUNICATION, AND EVERYDAY LIFE. WE ALSO CONTINUE TO EXPAND OUR TECHREVIVE PROGRAM ACROSS NORTH CAROLINA, STRENGTHENING OUR ABILITY TO COLLECT, REFURBISH, AND REDISTRIBUTE DONATED TECHNOLOGY THROUGHOUT THE STATE.
    Expenses $146,603

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-3153294
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$52,771
Income (IRS master file)
$363,940

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$363,940$442,203$52,771XML
990December 2024$429,364$328,473$138,645XML
990December 2023$301,152$278,136$33,252XML
990December 2022$57,001$65,712$8,927IRS
990-N for 2021
Officer: Matthew Raydo
December 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Matthew Raydo
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Matthew Raydo
December 31, 2019≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-3153294).

Questions about HUBZONE TECHNOLOGY INITIATIVE INC

What is the EIN of HUBZONE TECHNOLOGY INITIATIVE INC?
The employer identification number (EIN) of HUBZONE TECHNOLOGY INITIATIVE INC is 83-3153294.
Is HUBZONE TECHNOLOGY INITIATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to HUBZONE TECHNOLOGY INITIATIVE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HUBZONE TECHNOLOGY INITIATIVE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HUBZONE TECHNOLOGY INITIATIVE INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HUBZONE TECHNOLOGY INITIATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of HUBZONE TECHNOLOGY INITIATIVE INC?
The 990 for the year ended December 31, 2025 names MATTHEW RAYDO.
Who are the officers and directors of HUBZONE TECHNOLOGY INITIATIVE INC?
The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does HUBZONE TECHNOLOGY INITIATIVE INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $363,940, expenses of $442,203 and total assets of $52,771 at year end.

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