Totals
- Total revenue
- $188,690
- Total expenses
- $213,388
- Contributions and grants received
- $75,000
- Grants paid
- $24,800
- Program service revenue
- $113,690
- Membership dues (line 3)
- $0
- Investment income (line 4)
- $0
- Gain or loss on sale of assets (line 5c)
- $0
- Gaming and fundraising events, net (line 6d)
- $0
- Gross profit on inventory sales (line 7c)
- $0
- Other revenue (line 8)
- $0
- Total assets, end of year
- $2,010
- Total liabilities, end of year
- $7,027
- Net assets or fund balances, end of year
- -$5,017
- Program service expenses (Part III)
- $213,012
Program services were 99.8% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2024
Primary exempt purpose
Serve underestimated founders of tech startups. Provide entrepreneurship education to low- and moderate-income or otherwise disadvantaged individuals seeking to launch or expand technology-centered businesses, particularly in overlooked geographic areas. Give youth from local communities access to the production side of the innovation economy in order for them to acquire the skills necessary for success in the 21st century workplace.
-
Providing entrepreneurship education to low- and moderate-income or otherwise disadvantaged individuals seeking to launch or expand technology-centered businesses, particularly in overlooked geographic areas. -> in 2024 we assisted 30+ such entrepreneurs in the south Bronx
Expenses $37,718
-
Encouraging entrepreneurship by assisting low- and moderate-income individuals who have limited or no access to conventional financing, and facilitating access to capital. -> the startups in our first three cohorts raised upwards of $15.5mm following their participation in the program
Expenses $37,718
-
Providing programs, services, resources, and support to individuals and community organizations that share the purposes of this Corporation. -> in 2024 we apprenticed 100+ NYC high school students and enabled 250+ Bronxites to access the tech industry
Expenses $137,576
As filed on the 2024 return.
Listed in Part IV
-
Miguel Sanchez
Board Director, President
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 5
-
Marlin Jenkins
Board Director
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 1
-
Sarah Poyet
Board Director
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 2
-
Andrew Kingsley
Treasurer
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 1
-
Philip M Shearer
Managing Director
- Total calculated
- $0
- Compensation
- $0
- Benefit plans
- not reported
- Expense account
- not reported
- Hours/week
- 40
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2024
- Filed
- 2 April 2025
- IRS schema version
- 2024v5.0
- Source object
- 202520929349201607
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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