Kids In Tech
- Assets
- $431.0k
- Revenue
- $547.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lowell, MA
- Founding
- 05/2017
- Data as of
- 05/2022
- EIN
- 81-3311916
Organization Overview
Kids In Tech is located in Lowell, MA. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kids In Tech 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 05/2022, Kids In Tech generated $547.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 73.5% each year . All expenses for the organization totaled $351.7k during the year ending 05/2022. While expenses have increased by 75.5% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE EXCITE, EDUCATE, AND EMPOWER CHILDREN TO USE TECHNOLOGY, PROMOTING A POSITIVE ENVIRONMENT AND FOSTERING LIFELONG INTEREST THROUGH OUR AFTER SCHOOL PROGRAMMING IN LOWELL, MASSACHUSETTS AND THE GREATER MERRIMACK VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLOSURE OF SCHOOLS DUE TO COVID-19 HAS LEFT HUNDREDS OF OUR STUDENTS WITHOUT ANY ACCESS TO THE RESOURCES THAT ARE NOW REQUIRED FOR AN EDUCATION THAT SETS THEM UP TO BE SUCCESSFUL IN THE WORLD AROUND THEM. OUR WORK IN UNDERSERVED COMMUNITIES CONTINUES TO ADDRESS THESE INEQUITIES VIRTUALLY, DELIVERING MENTORSHIP AND PROGRAMMING TO STUDENTS WHO NEED IT MOST. WE LAUNCHED THE FUND FOR DIGITAL EQUITY TO SUPPLY STUDENTS WITH THE RESOURCES THEY NEED TO CONTINUE THEIR EDUCATION FROM HOME AND TO PIVOT AS AN ORGANIZATION TO REMOTE LEARNING AS AN ORGANIZATION. OUR AFTER SCHOOL TECH CLUB PROGRAM IS NOW CONDUCTED VIA REMOTE LEARNING PLATFORMS. OUR REMOTE LEARNING AFTER SCHOOL TECH CLUB PROGRAM CONSISTS OF SMALL-GROUP SUPERVISED STUDY FOR GRADES K-8 MONDAY-THURSDAY BETWEEN THE HOURS OF 3PM TO 6PM. KIDS WORK WITH PARENTS AND OUR SCHOOL AND YOUTH DEVELOPMENT ORGANIZATION PARTNERS TO SET THE GUIDELINES AND EXPECTATIONS FOR EACH STUDENT. OUR ROLE IN THE LEARNING PROCESS IS TO PROVIDE A STRUCTURED ENVIRONMENT CONDUCIVE TO LEARNING AND GUIDE EACH STUDENT TOWARDS GOAL ACHIEVEMENT, WHILE ENCOURAGING HEALTHY SOCIAL INTERACTIONS WITH PEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olu Ibrahim President/ceo | Officer | 60 | $38,965 |
Jared Long Treasurer (until 5/1/22) | OfficerTrustee | 1 | $0 |
Maria Mcduffie Clark Clerk/secretary | OfficerTrustee | 1 | $0 |
Pierson Devers Director (until 5/1/22) | Trustee | 1 | $0 |
Freya Hurwitz Director (until 5/1/22) | Trustee | 1 | $0 |
Joyya Smith Director (until 1/1/22) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,240 |
| All other contributions, gifts, grants, and similar amounts not included above | $506,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,062 |
| 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 | $547,062 |
| 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. | $68,580 |
| Compensation of current officers, directors, key employees. | $6,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,155 |
| Payroll taxes | $8,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,838 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,059 |
| Advertising and promotion | $7,952 |
| Office expenses | $10,302 |
| Information technology | $22,550 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,691 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,468 |
| All other expenses | $8,513 |
| Total functional expenses | $351,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $425,650 |
| 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 | $2,436 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,935 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $431,021 |
| Accounts payable and accrued expenses | $12,094 |
| 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 | $12,094 |
| Net assets without donor restrictions | $418,927 |
| 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 | $431,021 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Kids In Tech has recieved totaling $312,827.
| Awarding Organization | Amount |
|---|---|
The Patrick J Mcgovern Foundation Inc Boston, MA PURPOSE: TO PROVIDE GENERAL OPERATING AND CAPACITY BUILDING SUPPORT FOR ONGOING ACTIVITIES AND BOSTON AREA EXPANSION. | $100,000 |
Life Science Cares Inc Cambridge, MA PURPOSE: DONATION TO ASSIST THE NONPROFIT | $60,000 |
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $40,000 |
Amelia Peabody Foundation Wellesley, MA PURPOSE: OPERATIONS | $20,000 |
Amelia Peabody Foundation Wellesley, MA PURPOSE: OPERATIONS SUPPORT TO SUPPORT PROGRAM EXPANSION PLANS | $20,000 |
The Lenny Zakim Fund Inc Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |