Civic Intelligence

Technology for Families in Need Inc

EIN 46-2199564 • 501(c)3 • Brooklyn, NY

Profile

TechF.I.N seeks to address an alarming trend in America. Millions of low income families lack access to a computer in the home. This lack of access contributes to a growing digital divide where completing schoolwork, or college and job applications becomes increasingly difficult. Yet, in this environment U.S. companies dispose of millions of functional computers every year, per their upgrade cycle. In a solution that is both sustainable and beneficial, TechF.I.N aspires to divert some of these machines from the scrap heap to the living room.

68 34th Street Ste B517Brooklyn, NY 11232

www.tech-fin.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

88th percentile

57%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

84th percentile

48%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Up

$74,821

Up $44,459 (+146%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$74,821

Up $44,459 (+146%) from 2022

Revenue

Up

$207,060

Up $112,783 (+120%) from 2022

Expenses

Up

$180,046

Up $87,605 (+95%) from 2022

Net Income

Up

$27,014

Up $25,178 (+1371%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2013: $7,187Net Assets 2013: $7,1872013Assets 2014: $29,102Net Assets 2014: $29,1022014Assets 2015: $25,602Net Assets 2015: $25,6022015Assets 2016: $42,372Net Assets 2016: $42,3722016Assets 2018: $28,679Liabilities 2018: $0Net Assets 2018: $28,6792018Assets 2019: $4,648Liabilities 2019: $0Net Assets 2019: $4,6482019Assets 2020: $13,587Liabilities 2020: $0Net Assets 2020: $13,5872020Assets 2022: $30,362Liabilities 2022: $0Net Assets 2022: $30,3622022Assets 2024: $74,821Liabilities 2024: $0Net Assets 2024: $74,8212024

Highlighted filing

2024

Assets$74,821
Liabilities$0
Net Assets$74,821

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2013: $9,375Expenses 2013: $2,188Net Income 2013: $7,1872013Revenue 2014: $29,201Expenses 2014: $7,286Net Income 2014: $21,9152014Revenue 2015: $31,796Expenses 2015: $35,296Net Income 2015: -$3,5002015Revenue 2016: $60,123Expenses 2016: $43,353Net Income 2016: $16,7702016Revenue 2018: $42,938Expenses 2018: $48,166Net Income 2018: -$5,2282018Revenue 2019: $44,365Expenses 2019: $44,681Net Income 2019: -$3162019Revenue 2020: $53,870Expenses 2020: $44,931Net Income 2020: $8,9392020Revenue 2022: $94,277Expenses 2022: $92,441Net Income 2022: $1,8362022Revenue 2024: $207,060Expenses 2024: $180,046Net Income 2024: $27,0142024

Highlighted filing

2024

Revenue$207,060
Expenses$180,046
Net Income$27,014

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 15, 2025
Return Version
2024v5.1
Gross Receipts
$207,060
Mission and Program Overview

Mission

TechF.I.N seeks to address an alarming trend in America. Millions of low income families lack access to a computer in the home. This lack of access contributes to a growing digital divide where completing schoolwork, or college and job applications becomes increasingly difficult. Yet, in this environment U.S. companies dispose of millions of functional computers every year, per their upgrade cycle. In a solution that is both sustainable and beneficial, TechF.I.N aspires to divert some of these machines from the scrap heap to the living room.

Tech f.i.n. Aspires to help narrow the digital divide by collecting used laptops and desktop computers, in bulk, from corporations, we are able to revitalize these machines and distribute them to low-income households at no cost to them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$39,292$66,306▲ $27,014
Land, Buildings, and Equipment, Net$4,553$4,553→ $0
Total Assets$47,807$74,821▲ $27,014
Other Assets Total$3,962$3,962→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,807$74,821▲ $27,014
Total Net Assets Fund Balance$47,807$74,821▲ $27,014
Total Liabilities and Net Assets / Fund Balance$47,807$74,821▲ $27,014

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,553$506-
Other Assets Org$3,962--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$207,060
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$207,060
Change in Net Assets
$27,014

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table5$94,930Fair Market Value
Total Noncash Contributions5$94,930-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$141,225
Other Expenses$38,821
Total Fundraising Expense$6,988
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$141,225--$141,225
Other Expenses-$26,132-$26,132
Fees for Services Other--$6,988$6,988
Insurance-$4,016-$4,016
Depreciation Depletion-$506-$506
Fees for Services Accounting-$360-$360
Office Expenses-$98-$98
Total Functional Expenses$141,225$31,833$6,988$180,046
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Nigel frankson, board chair and tiffany frankson, board memeber are married

Form 990 governing body review Part VI line 11

The form 990 has been reviewed by a group of persons authorized to review financial and audit matters prior to filing. The final form 990 will be available at the next meeting of the board for inspection. In addition, upon request of any board member, a copy will be provided. If there are any materials changes, an amended form 990 will be filed.

Governing documents etc available to public Part VI line 19

The organizations governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Technology for Families in Need Inc
EIN
46-2199564
In Care Of
% NIGEL FRANKSON
Phone
5302080690
Address
68 34TH STREET STE B517, BROOKLYN, NY 11232

Signing Officer

Name
Nigel Frankson
Title
Chairman
Phone
5302080690
Signed
2025-04-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Nigel Frankson
Formed
2014
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Arc Tax Advisors
Address
6 WOODHILL DRIVE, Maplewood, NJ 07040
Preparer
James Jones CPA
Phone
9737622762
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990-ez part iii - organizations primary exempt purposetechfin seeks to address an alarming trend in america. Millions of low income families lack access to a computer in the home. This lack of access contributes to a growing digital divide where completing schoolwork or college and job applications becomes increasingly difficult. Yet in this environment, us companies dispose of millions of functional computers every year per their ugrade cycle. In a solution that is both sustainable and beneficial, techfin aspires to divert some these machines from the scrap heap to the living foom. Form 990-ez part iii, line 28 - statement of program service accomplishmentstechfin offers one singular program: providing lower income households with used but still working computers. Corporate donors will donate computers to techfin. In most cases they have machines deliverd to our facility although we may be required to pick up machines. Depending on the size and location of the donation, we may hire a moving company, leverage ups/fedex or rent a truck to pick up machines ourselves. From there, we store the computers, repurpose them, clean the harddrives and reload with mostly free software. We then deliver the repurposed machines to low income families, usually to a child via our relationship with their charter school or after school program.

Raw XML Appendix370 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0DISTRIBUTION OF COMPUTER EQUIPMENT TO LOW INCOME INDIVIDUALS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0COMPUTER EQUIPMENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NIGEL FRANKSON, BOARD CHAIR AND TIFFANY FRANKSON, BOARD MEMEBER ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL FORM 990 WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARD MEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIALS CHANGES, AN AMENDED FORM 990 WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990-EZ PART III - ORGANIZATIONS PRIMARY EXEMPT PURPOSETECHFIN SEEKS TO ADDRESS AN ALARMING TREND IN AMERICA. MILLIONS OF LOW INCOME FAMILIES LACK ACCESS TO A COMPUTER IN THE HOME. THIS LACK OF ACCESS CONTRIBUTES TO A GROWING DIGITAL DIVIDE WHERE COMPLETING SCHOOLWORK OR COLLEGE AND JOB APPLICATIONS BECOMES INCREASINGLY DIFFICULT. YET IN THIS ENVIRONMENT, US COMPANIES DISPOSE OF MILLIONS OF FUNCTIONAL COMPUTERS EVERY YEAR PER THEIR UGRADE CYCLE. IN A SOLUTION THAT IS BOTH SUSTAINABLE AND BENEFICIAL, TECHFIN ASPIRES TO DIVERT SOME THESE MACHINES FROM THE SCRAP HEAP TO THE LIVING FOOM. FORM 990-EZ PART III, LINE 28 - STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTSTECHFIN OFFERS ONE SINGULAR PROGRAM: PROVIDING LOWER INCOME HOUSEHOLDS WITH USED BUT STILL WORKING COMPUTERS. CORPORATE DONORS WILL DONATE COMPUTERS TO TECHFIN. IN MOST CASES THEY HAVE MACHINES DELIVERD TO OUR FACILITY ALTHOUGH WE MAY BE REQUIRED TO PICK UP MACHINES. DEPENDING ON THE SIZE AND LOCATION OF THE DONATION, WE MAY HIRE A MOVING COMPANY, LEVERAGE UPS/FEDEX OR RENT A TRUCK TO PICK UP MACHINES OURSELVES. FROM THERE, WE STORE THE COMPUTERS, REPURPOSE THEM, CLEAN THE HARDDRIVES AND RELOAD WITH MOSTLY FREE SOFTWARE. WE THEN DELIVER THE REPURPOSED MACHINES TO LOW INCOME FAMILIES, USUALLY TO A CHILD VIA OUR RELATIONSHIP WITH THEIR CHARTER SCHOOL OR AFTER SCHOOL PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3General explanation attachment
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0NIGEL FRANKSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05302080690
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TECHNOLOGY FOR FAMILIES IN NEED INC
ReturnHeader/Filer/BusinessNameControlTxt0TECH
ReturnHeader/Filer/EIN0462199564
ReturnHeader/Filer/InCareOfNm0% NIGEL FRANKSON
ReturnHeader/Filer/PhoneNum05302080690
ReturnHeader/Filer/USAddress/AddressLine1Txt068 34TH STREET STE B517
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0455483638
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ARC TAX ADVISORS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 WOODHILL DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Maplewood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007040
ReturnHeader/PreparerPersonGrp/PhoneNum09737622762
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES JONES CPA
ReturnHeader/ReturnTs02025-04-27T10:40:03-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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