Technology For Families In Need
- Assets
- $47.8k
- Revenue
- $111.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-2199564
Organization Overview
Technology For Families In Need is located in Brooklyn, NY. The organization was established in 2014. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Technology For Families In Need is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Technology For Families In Need generated $111.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $94.2k during the year ending 12/2023. While expenses have increased by 10.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TECH F.I.N. ASPIRES TO HELP NARROW THE DIGITAL DIVIDE BY COLLECTING USED PC-BASED LAPTOPS AND DESKTOP COMPUTERS, IN BULK, FROM CORPORATIONS, WE ARE ABLE TO REVITALIZE THESE MACHINES AND DISTRIBUTE THEM TO LOW-INCOME HOUSEHOLDS AT NO COST TO THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILLIONS OF LOW INCOME FAMILIES LACK ACCESS TO A COMPUTER IN THE HOME. THIS LACK OF ACCESS CONTRIBUTES TO A GROWING DIGITAL DIVIDE WHERE COMPLETING SCHOOLWORK OR COLLEGE AND JOB APPLICATIONS BECOMES INCREASINGLY DIFFICULT. YET IN THIS ENVIRONMENT, US COMPANIES DISPOSE OF MILLIONS OF FUNCTIONAL COMPUTERS EVERY YEAR PER THEIR UGRADE CYCLE. IN A SOLUTION THAT IS BOTH SUSTAINABLE AND BENEFICIAL, TECHFIN ASPIRES TO DIVERT SOME THESE MACHINES FROM THE SCRAP HEAP TO THE LIVING ROOM BY REVITALIZING THESE MACHINES AND DISTRIBUTE THEM TO LOW-INCOME HOUSEHOLDS AT NO COST TO THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Valdivia Director | Trustee | 1 | $0 |
Marcos Maldonado Director | Trustee | 1 | $0 |
Ben Becker Director | Trustee | 1 | $0 |
Crystal White Treasurer | Trustee | 1 | $0 |
Tiffany Frankson Director | Trustee | 1 | $0 |
Antoine Simons Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,676 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,676 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $55,956 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,363 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $506 |
| Insurance | $4,332 |
| All other expenses | $0 |
| Total functional expenses | $94,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,292 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,962 |
| Total assets | $47,807 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $47,807 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $47,807 |