E2d Inc
- Assets
- $1.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 94
- Location
- Davidson, NC
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 46-5008759
Organization Overview
E2d Inc is located in Davidson, NC. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, E2d Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E2d Inc 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, E2d Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 44.0% per year over the past 9 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
THE MISSION OF E2D IS TO ENSURE THAT EVERY STUDENT IN NORTH CAROLINA SCHOOLS HAS ESSENTIAL, AT-HOME ACCESS TO COMPUTER TECHNOLOGY AND DIGITAL LITERACY SUPPORT TO ACHIEVE ACADEMIC SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPUTER REFURBISHMENT: WE COLLECT DONATED LAPTOPS FROM CORPORATIONS THAT HAVE BEEN "WIPED" CLEAN OF PRIVATE INFORMATION; OUR LAB TECHNICIANS THEN INSTALL NEW OPERATING SYSTEMS AND SOFTWARE ON THE LAPTOPS, AND ENSURE PROPER WORKING ORDER BEFORE THEY ARE DISTRIBUTED.
WORKFORCE DEVELOPMENT: WE HIRE HIGH SCHOOL AGED YOUTH AND TRAIN THEM TO BE LAB TECHNICIANS WHO PERFORM THE REFURBISHMENT OF THE LAPTOPS. THEIR TRAINING IS ONGOING AND INCLUDES SOME DEGREE OF MENTORSHIP FROM OUR LEADERS. WE ALSO COLLABORATE WITH OTHER ORGANIZATIONS THAT OFFER SIMILAR TRAINING TO YOUTH.
COMPUTER DISTRIBUTION: WE WORK WITH SCHOOLS TO IDENTIFY QUALIFYING FAMILIES WHO NEED LAPTOPS IN THEIR HOMES. WE SCHEDULE DISTRIBUION EVENTS, USUALLY AT THE SCHOOLS, WHERE FAMILIES COME TO RECEIVE LAPOPS (EITHER FREE OR SOLD AT LOW PRICE). .WE CONTINUED OUR WORK WITH AFFORDABLE HOUSING COMPLEXRESIDENTS AS WELL AS BEGAN WORKING AGGRESSIVELY IN FINDING DIGITAL EQUITY SOLUTIONS FOR HBCU STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spence Millen President | OfficerTrustee | 50 | $98,583 |
Courtney Ramey Board Chair | OfficerTrustee | 1 | $0 |
Rob Phocas Board Member | Trustee | 1 | $0 |
Alex Salguedo Board Member | Trustee | 1 | $0 |
Reenie Askew Board Member | Trustee | 1 | $0 |
Jonathan Olin Board Member | Trustee | 1 | $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 | $1,250,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250,445 |
| Total Program Service Revenue | $492,083 |
| Investment income | $19,615 |
| 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 | $1,762,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,583 |
| Compensation of current officers, directors, key employees. | $9,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $926,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,859 |
| Payroll taxes | $81,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,401 |
| Advertising and promotion | $56,688 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,613 |
| Travel | $49,745 |
| 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 | $1,340 |
| Insurance | $3,545 |
| All other expenses | $7,064 |
| Total functional expenses | $1,503,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $163,561 |
| Accounts receivable, net | $10,055 |
| 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 | $3,432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $256,690 |
| Total assets | $1,186,682 |
| Accounts payable and accrued expenses | $23,565 |
| 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 | $23,791 |
| Total liabilities | $47,356 |
| Net assets without donor restrictions | $1,139,326 |
| 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 | $1,186,682 |