Peak Data Networks Inc
- Assets
- $5.0k
- Revenue
- $40.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Forked River, NJ
- Founding
- Data as of
- 12/2021
- EIN
- 87-3625356
Organization Overview
Peak Data Networks Inc is located in Forked River, NJ. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Peak Data Networks Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peak Data Networks Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUBSIDIZED INTERNET SERVICE ACCESS DEVICES DIGITAL LITERACY TRAINING TO THE PUBLIC INC DISADVANTAGED PEOPLE BUSINESSES AND ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED PLANNING FOR THE ORGANIZATION. DETERMINED THAT SALE OF REFURBISHED DEVICES WILL BE OUR INITIAL SOURCE OF REVENUES TO CONDUCT OPERATIONS. DEVELOPED PLAN TO PURCHASE DEVICES FROM LIQUIDATORS INITIALLY, AND BUILD PROCESSES AND A REPUTATION TO BECOME AN ITAD VENDOR FOR FUTURE DONATIONS OF DEVICES. DETERMINED THAT IN-HOUSE REFURBISHMENT BEST SERVES THE ORGANIZATION LONG-TERM. DECIDED THAT DEVICE GRANTS WILL BE OUR INITIAL FOCUS, FOLLOWED BY HOSTING OPEN- SOURCE WEB APPS THAT CAN BE OFFERED TO THE PUBLIC. DETERMINED THAT IT IS BETTER TO CONDUCT PLANNING WHILE THE PANDEMIC IS STILL A PUBLIC HEALTH ISSUE, ADAPT OUR PLANS TO POST-PANDEMIC SOCIETY, AND TARGET MID-2022 FOR THE PUBLIC LAUNCH OF OUR INITIAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin F Beideman Treasurer | OfficerTrustee | 40 | $17,011 |
Terri L Beideman Executive Director | OfficerTrustee | 40 | $17,011 |
Justin S Beideman Secretary | OfficerTrustee | $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 | $40,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,000 |
| 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 | $40,000 |
| 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. | $34,022 |
| Compensation of current officers, directors, key employees. | $1,701 |
| 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 | $100 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $35,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,878 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $4,978 |
| 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 | $4,978 |
| 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 | $4,978 |
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