Totals
- Total revenue
- $22,843
- Total expenses
- $340,787
- Contributions and grants received
- $211,270
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $3,959
- Other revenue
- -$192,386
- Total assets, end of year
- $803,967
- Total liabilities, end of year
- $351,860
- Net assets or fund balances, end of year
- $452,107
- Program services expenses (Part IX)
- $322,992
- Management and general expenses
- $17,795
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $322,992
Program services were 94.8% 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.
-
1f · All other contributions, gifts and grants
$211,270
-
1g · Noncash contributions included above
$143,229
-
3 · Investment income
total $3,959 · excluded $3,959
-
10a · Gross sales of inventory
$19,408
-
10b · Cost of goods sold
$211,794
-
10c · Net income from sales of inventory
total -$192,386 · excluded -$192,386
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,343 · program services $1,343
-
10 · Payroll taxes
total $161 · program services $161
-
11c · Fees: accounting
total $7,000 · management and general $7,000
-
13 · Office expenses
total $4,294 · program services $669 · management and general $3,625
-
16 · Occupancy
total $18,000 · program services $12,060 · management and general $5,940
-
23 · Insurance
total $4,377 · program services $4,377
-
24a · Other expenses: Program Development
total $3,864 · program services $3,864
-
24b · Other expenses: Credit Card Fees
total $1,230 · management and general $1,230
-
24c · Other expenses: Loss on Inventory Disposal
total $300,518 · program services $300,518
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $79,698 · end of year $65,483
-
8 · Inventories for sale or use
beginning of year $939,600 · end of year $597,300
-
9 · Prepaid expenses and deferred charges
beginning of year $3,370 · end of year $1,637
-
11 · Investments: publicly traded securities
beginning of year $124,831 · end of year $139,547
-
17 · Accounts payable and accrued expenses
beginning of year $31,634 · end of year $25,359
-
19 · Deferred revenue
beginning of year $40,566 · end of year $28,815
-
22 · Loans and payables to officers and key people
beginning of year $309,532 · end of year $293,198
-
24 · Unsecured notes and loans payable
beginning of year $6,644 · end of year $4,488
-
27 · Net assets without donor restrictions
beginning of year $631,520 · end of year $310,979
-
28 · Net assets with donor restrictions
beginning of year $127,603 · end of year $141,128
Mission and programs · 2022
Mission
The Mission of World Computer Exchange is to reduce the digital divide for youth in developing countries; to use our global network of partnerships to enhance communities in these countries; and to promote the reuse of electronic equipment (continued Schedule O)
-
In FYE June 30, 2023, WCE distributed 1,129 computers to 28 schools in 7 developing countries. Over 200 volunteers in our five chapters refurbished the computers, loaded the hard drives with educational programs, and prepared them for shipping. The schools receiving the equipment estimate that the equipment will serve 15,975 students annually. WCE works with 11 field associates in 10 developing countries on a fee basis. They will develop WCE chapters in those countries, utilizing the WCE process to collect, refurbish, load, and distribute computers to local community schools and other organizations serving youth. They will also help our partners maintain their computers and provide technical assistance. We also continue to seek support for our Inspire Girls initiative to develop resources for our partner schools to encourage girls to stay in school and pursue careers in technology.
Expenses $322,992
As filed on the 2022 return.
Listed in Part VII
-
Ayeshah HassanAYESHAH HASSAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Manoj KumarMANOJ KUMAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa DaleLISA DALE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex HigueraALEX HIGUERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Satish GuptaSATISH GUPTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Marci RosenthalMARCI ROSENTHAL
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Pamela CooneyPAMELA COONEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
Jeremy GriffithsJEREMY GRIFFITHS
VICE CHAIRMAN & TREASURER
- Total calculated
- $0
- Hours/week
- 7
-
Suzanne GrantSUZANNE GRANT
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
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.
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
1 distribution to a recipient named as a person, $3,307. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202401299349301720
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