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Nonprofiteer
← WORLD COMPUTER EXCHANGE INC

Form 990 for tax year 2024

Filed by WORLD COMPUTER EXCHANGE INC.

Totals

Total revenue
$150,755
Total expenses
$264,817
Contributions and grants received
$245,078
Grants paid
$0
Program service revenue
$0
Investment income
$2,424
Other revenue
-$96,747
Total assets, end of year
$659,964
Total liabilities, end of year
$346,853
Net assets or fund balances, end of year
$313,111
Program services expenses (Part IX)
$227,298
Management and general expenses
$29,640
Fundraising expenses
$7,879
Program service expenses (Part III)
$227,298

Program services were 85.8% 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

    $245,078

  • 1g · Noncash contributions included above

    $155,175

  • 3 · Investment income

    total $2,424 · excluded $2,424

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $46,637

  • 10b · Cost of goods sold

    $143,384

  • 10c · Net income from sales of inventory

    total -$96,747 · excluded -$96,747

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $35,000 · program services $14,000 · management and general $14,000 · fundraising $7,000

  • 7 · Other salaries and wages

    total $13,859 · program services $13,859

  • 9 · Other employee benefits

    total $1,538 · program services $877 · management and general $446 · fundraising $215

  • 10 · Payroll taxes

    total $3,601 · program services $2,053 · management and general $1,044 · fundraising $504

  • 11c · Fees: accounting

    total $3,200 · management and general $3,200

  • 11g · Fees: other

    total $1,650 · management and general $1,650

  • 13 · Office expenses

    total $2,703 · management and general $2,703

  • 16 · Occupancy

    total $18,000 · program services $12,060 · management and general $5,940

  • 23 · Insurance

    total $3,255 · program services $3,255

  • 24a · Other expenses: Program Development

    total $9,043 · program services $9,043

  • 24b · Other expenses: Credit Card Fees

    total $326 · management and general $326

  • 24c · Other expenses: Payroll Processing Fees

    total $1,142 · program services $651 · management and general $331 · fundraising $160

  • 24d · Other expenses: Loss on Inventory Disposal

    total $171,500 · program services $171,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $89,327 · end of year $136,686

  • 2 · Savings and temporary cash investments

    beginning of year $36,938 · end of year $19,144

  • 4 · Accounts receivable

    beginning of year $13,601

  • 8 · Inventories for sale or use

    beginning of year $490,350 · end of year $377,475

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,500

  • 11 · Investments: publicly traded securities

    beginning of year $111,565 · end of year $126,659

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,067 · end of year $5,296

  • 19 · Deferred revenue

    beginning of year $28,885 · end of year $48,359

  • 22 · Loans and payables to officers and key people

    beginning of year $293,198 · end of year $293,198

  • 24 · Unsecured notes and loans payable

    beginning of year $2,052

  • 27 · Net assets without donor restrictions

    beginning of year $261,965 · end of year $161,106

  • 28 · Net assets with donor restrictions

    beginning of year $150,114 · end of year $152,005

Mission and programs · 2024

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, 2025, 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 $227,298

As filed on the 2024 return.

Listed in Part VII

  • Pamela Cooney

    PRESIDENT

    Total calculated
    $36,538
    From this org
    $35,000
    From related orgs
    $0
    Other
    $1,538
    Hours/week
    0

  • Lisa Dale

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ayesha Hassan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Manoj Kumar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Satish Gupta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Alex Higuera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Chege Ngugi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Pascal Bekono

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Suzanne Grant Lewis

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    0

  • Jeremy Griffiths

    VICE CHAIRMAN- TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Marci Rosenthal

    CLERK

    Total calculated
    $0
    Hours/week
    0

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.

  • COMPUTER RECYCLING LLC

    $171,500

    Disposition · DISCOUNTINUED INVENTORY DISPOSAL · Jun 30, 2025

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202611289349302401

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