Interconnection
- Assets
- $849.1k
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 32
- Location
- Seattle, WA
- Founding
- 01/1999
- Data as of
- 12/2021
- 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 12/2021, Interconnection employed 32 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 12/2021, Interconnection generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INTERCONNECTION ENABLES DIGITAL EQUITY BY PROVIDING AFFORDABLE TECHNOLOGY, CONNECTIVITY AND VOCATIONAL TRAINING TO UNDERSERVED COMMUNITIES THROUGH SUSTAINABLE REFURBISHMENT AND RE-USE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPUTER RECYCLING AND REUSE PROGRAM
PROVIDED TECHNOLOGY VOCATIONAL TRAINING WORKSHOPS AND PROVIDED TECHNOLOGY TO LOW INCOME QUALIFYING CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Fry Roe President | Trustee | 40 | $126,025 |
Suman Paranjape Chairwoman | Trustee | 10 | $0 |
Ben Peters Secretary | Trustee | 4 | $0 |
Robert Peterson Treasurer | Trustee | 4 | $0 |
Linda Venczel Board Member | Trustee | 4 | $0 |
Sajani Amarasiri Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $517,903 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,222 |
| Noncash contributions included in lines 1a–1f | $72,910 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $657,125 |
| Total Program Service Revenue | $3,191,124 |
| Investment income | $156 |
| 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 | $3,895,264 |
| 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. | $126,025 |
| Compensation of current officers, directors, key employees. | $21,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,001,871 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,528 |
| Payroll taxes | $111,762 |
| 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 | $178,671 |
| Advertising and promotion | $102,652 |
| Office expenses | $7,638 |
| Information technology | $18,012 |
| Royalties | $0 |
| Occupancy | $263,740 |
| Travel | $5,854 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,282 |
| Interest | $5,227 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,383 |
| Insurance | $30,127 |
| All other expenses | $54,740 |
| Total functional expenses | $3,423,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,283 |
| Savings and temporary cash investments | $330,521 |
| 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 | $9,601 |
| Net Land, buildings, and equipment | $52,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $849,088 |
| Accounts payable and accrued expenses | $32,358 |
| 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 | $182,358 |
| 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 | $666,730 |
| Total liabilities and net assets/fund balances | $849,088 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Interconnection has recieved totaling $3,346.
| Awarding Organization | Amount |
|---|---|
Fred H And Mary S Dore Charitable Ffoundation Bainbridge Island, WA PURPOSE: EDUCATION | $1,500 |
Fred H And Mary S Dore Charitable Ffoundation Bainbridge Island, WA PURPOSE: EDUCATION | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $346 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Aleutian Tribes Inc Anchorage, AK | $24,179,312 | $16,987,359 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Public School Employees Of Washington Auburn, WA | $10,924,728 | $12,530,239 |
Washington State Charter Schools Association Seattle, WA | $13,158,502 | $7,768,416 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Native Project Spokane, WA | $18,009,954 | $13,503,494 |
Spokane International Academy Spokane, WA | $28,868,838 | $9,309,601 |
Pride Prep Schools Spokane, WA | $4,483,995 | $8,242,945 |
Oregon School Employees Association 133 Salem, OR | $7,639,516 | $7,655,217 |
Washington Manufacturing Services Bothell, WA | $3,899,855 | $7,541,918 |
Oregon Social Learning Center Inc Eugene, OR | $1,429,393 | $6,701,221 |
Riverstone Community School Inc Boise, ID | $14,062,968 | $7,409,648 |