Totals
- Total revenue
- $279,411
- Total expenses
- $251,033
- Contributions and grants received
- $37,113
- Grants paid
- $42,800
- Program service revenue
- $242,298
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $67,136
- Total liabilities, end of year
- $1,331
- Net assets or fund balances, end of year
- $65,805
- Program services expenses (Part IX)
- $249,688
- Management and general expenses
- $1,345
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $249,688
Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$37,113
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Entrepreneurship education programs for high schools
total $242,298 · related or exempt $242,298 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $42,800 · program services $42,800
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $0 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $34,100 · program services $34,100 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $0 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $0 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $26,260 · program services $26,260 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $37,390 · program services $37,390 · management and general $0 · fundraising $0
-
13 · Office expenses
total $7,969 · program services $7,969 · management and general $0 · fundraising $0
-
14 · Information technology
total $28,362 · program services $28,362 · management and general $0 · fundraising $0
-
15 · Royalties
total $28,000 · program services $28,000 · management and general $0 · fundraising $0
-
16 · Occupancy
total $40,372 · program services $40,372 · management and general $0 · fundraising $0
-
17 · Travel
total $1,098 · program services $0 · management and general $1,098 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $247 · program services $0 · management and general $247 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $1,334 · program services $1,334 · management and general $0 · fundraising $0
-
24a · Other expenses: Professional dues and subscriptions
total $3,101 · program services $3,101 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,852 · end of year $67,136
-
24 · Unsecured notes and loans payable
beginning of year $425 · end of year $1,331
-
27 · Net assets without donor restrictions
beginning of year $37,427 · end of year $65,805
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
Serve under-represented founders of tech startups - women, people of color, and members of the LGBTQ+ community. Provide entrepreneurship education to low- and moderate-income or otherwise disadvantaged individuals seeking to launch or expand technology-centered businesses, particularly in under-served geographic areas. Give youth from under-served 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 under-served geographic areas. -> in 2022 we assisted 50+ such entrepreneurs in the south Bronx
Expenses $41,647 · Revenue $34,926
-
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 $41,647 · Revenue $34,926
-
Providing programs, services, resources, and support to individuals and community organizations that share the purposes of this Corporation. -> in 2022 we apprenticed 350+ NYC high school students and enabled 600+ Bronxites to access the tech industry
Expenses $166,394 · Grants $42,800 · Revenue $209,558
As filed on the 2022 return.
Listed in Part VII
-
Miguel Sanchez
Board Director, President
- Total calculated
- $0
- Hours/week
- 10
-
Andrew Kingsley
Board Director, Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Marlin Jenkins
Board Director
- Total calculated
- $0
- Hours/week
- 1
-
Philip M Shearer
Executive Director
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, 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. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341359349316134
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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