Interconnection
- Assets
- $433.8k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 36
- Location
- Seattle, WA
- Founding
- 01/1999
- Data as of
- 12/2022
- EIN
- 93-1262843
Organization Overview
Interconnection is located in Seattle, WA. The organization was established in 1999. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Interconnection employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interconnection 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 12/2022, Interconnection generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 years. 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
INTERCONNECTION ENABLES DIGITAL EQUITY BY PROVIDING AFFORDABLE TECHNOLOGY AND CONNECTIVITY TO UNDERSERVED COMMUNITIES THROUGH SUSTAINABLE E-WASTE RECYCLING, REFURBISHMENT, AND RE-USE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPUTER REUSE, DIGITAL EQUITY AND DIGITAL SUPPORT SERVICES. FOR MORE THAN 20 YRS, INTERCONNECTION HAS REBUILT, REFURBISHED, AND EXTENDED THE LIFE OF COMPUTERS TO INCREASE ACCESS TO TECHNOLOGY FOR THOSE WHO NEED IT. WE PROVIDE HIGH QUALITY, AFFORDABLE (OR FREE-TO-END-USER) COMPUTERS AND TECH SUPPORT TO PEOPLE WITH LOW INCOMES, INCLUDING NEARLY 1,500 REFURBISHED COMPUTERS IN 2022 THAT WERE FREE TO COMMUNITY MEMBERS IN IN LOW-INCOME, REFUGEE, YOUTH, AND HISTORICALLY MARGINALIZED COMMUNITIES. THE NEED FOR DIGITAL EQUITY IS INCREASING DESPITE NEGATIVE IMPACTS TO OUR FUNDING BY THE ECONOMIC AND MARKET CHANGES BROUGHT ABOUT BY THE 2020 COVID PANDEMIC.
RESPONSIBLE RECYCLING OF ELECTRONICS WASTE. INTERCONNECTION PARTNERS WITH RIOS AND R2 CERTIFIED ELECTRONICS RECYCLER TO RESPONSIBLY RECYCLE ELECTRONICS THAT ARE AT THE END OF THEIR USEFUL LIFE. INTERCONNECTION IS ALSO A KEY PARTICIPANT IN WASHINGTON STATE'S E-CYCLE PROGRAM, PROVIDING A DROP-OFF POINT FOR COMMUNITY MEMBERS TO RECYCLE BROKEN, OBSOLETE, OR WORN-OUT ELECTRONICS. WE ALSO PARTNERED WITH LOCAL ORGANIZATIONS, GOVERNMENTS, ENTITIES, AND COMPANIES TO RECYCLE AND REFURBISH THEIR OLD TECHNOLOGY. AS A RESULT OF THESE EFFORTS, INTERCONNECTION WAS ABLE TO DIVERT NEARLY 730,000 LBS. FROM LANDFILLS IN 2022 AND PREVENT TOXINS, RARE EARTH METALS, AND PLASTICS FROM ENTERING THE ECOSYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suman Paranjape Chairwoman | OfficerTrustee | 15 | $0 |
Robert Peterson Treasurer | OfficerTrustee | 1 | $0 |
Greg Devers Secretary | OfficerTrustee | 7 | $0 |
Linda Venczel Board Member | Trustee | 1 | $0 |
Sajani Amarasiri Board Member | Trustee | 1 | $0 |
Martin Moreno 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 | $166,722 |
| Noncash contributions included in lines 1a–1f | $46,795 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,722 |
| Total Program Service Revenue | $2,398,811 |
| Investment income | $118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,580,516 |
| 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. | $154,447 |
| Compensation of current officers, directors, key employees. | $26,256 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,028,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,631 |
| Payroll taxes | $127,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,741 |
| Advertising and promotion | $95,837 |
| Office expenses | $12,121 |
| Information technology | $11,673 |
| Royalties | $0 |
| Occupancy | $286,206 |
| Travel | $1,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $523 |
| Interest | $4,043 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,027 |
| Insurance | $29,904 |
| All other expenses | $53,205 |
| Total functional expenses | $3,001,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,302 |
| Savings and temporary cash investments | $237,639 |
| 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 | $9,209 |
| Net Land, buildings, and equipment | $47,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $433,806 |
| Accounts payable and accrued expenses | $37,733 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $187,733 |
| Net assets without donor restrictions | $0 |
| 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 | $246,073 |
| Total liabilities and net assets/fund balances | $433,806 |