Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
EIN 85-1137904 • 501(c)3 • Brooklyn, NY
Profile
First Tech Fund is dedicated to empowering low-income high school students in New York City in identifying, navigating and attaining academic and professional opportunties through a supportive, adaptive ecosystem where students get access to free tech, free broadband, skills training, social capital, mentorship and more.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
64th percentile
Faster asset growth than 64% of similar nonprofits.
Revenue Growth
67th percentile
Faster revenue growth than 67% of similar nonprofits.
Assets
Down$189,588
Down $197,476 (-51%) from 2024
Liabilities
Down$8,172
Down $3,804 (-32%) from 2024
Net Assets
Down$181,416
Down $193,672 (-52%) from 2024
Revenue
Down$268,303
Down $302,560 (-53%) from 2024
Expenses
Up$461,975
Up $30,607 (+7.1%) from 2024
Net Income
Down-$193,672
Down $333,167 (-239%) from 2024
Most recent year
2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
First Tech Fund is dedicated to closing the digital divide by providing low income and underserved communities in New York City with technology, practical skills and opportunities to succeed in 21st century careers.
First tech fund empowers low-income high school students in new york city to thrive academically and professionally by offering free technology, reliable internet access, targeted digital skills training, dedicated mentorship, and opportunities to build social capital. Through a holistic support system, the organization equips youth from underserved backgrounds to navigate and attain meaningful educational and career pathways, seeking to close the digital divide and promote lifelong success.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $321,229 | $180,812 | ▼ $140,417 |
| Pledges and Grants Receivable | $20,000 | - | - |
| Inventories for Sale or Use | $37,610 | $6,040 | ▼ $31,570 |
| Prepaid Expenses and Deferred Charges | $8,225 | $2,736 | ▼ $5,489 |
| Total Assets | $387,064 | $189,588 | ▼ $197,476 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $11,976 | $8,172 | ▼ $3,804 |
| Total Liabilities | $11,976 | $8,172 | ▼ $3,804 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $30,000 | $95,000 | ▲ $65,000 |
| Net Assets Without Donor Restrictions | $345,088 | $86,416 | ▼ $258,672 |
| Total Net Assets Fund Balance | $375,088 | $181,416 | ▼ $193,672 |
| Total Liabilities and Net Assets / Fund Balance | $387,064 | $189,588 | ▼ $197,476 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Josue De Paz | President | PT | $90,625 | $90,625 |
| Name | Title |
|---|---|
| Jerome J Sanders | Board Chair |
| Emilie Hsieh | Director |
| Glickman Colon | Director |
| Hyobin Sung | Director |
| Jackie Mallon | Director |
| Jamal Adams | Director |
| Jamie Cunningham | Director |
| Monica Sibri | Director |
| Olivia Fowora | Director |
| Natasha Ubaldo | Compliance O |
| Hana Seligman | Secretary |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $283,042 |
| Other Expenses | $178,933 |
| Total Fundraising Expense | $2,369 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $121,187 | $30,297 | - | $151,484 |
| Current Officers, Directors, Trustees, and Key Employees | $70,687 | $18,125 | $1,813 | $90,625 |
| Information Technology | $22,511 | $1,305 | - | $23,816 |
| Payroll Taxes | $16,314 | $4,117 | $154 | $20,585 |
| Other Employee Benefits | $16,278 | $4,070 | - | $20,348 |
| Occupancy | $2,432 | $8,751 | - | $11,183 |
| All Other Expenses | $4,094 | $2,048 | $170 | $6,312 |
| Other Expenses | $5,335 | $1,155 | $43 | $5,335 |
| Fees for Services Accounting | - | $3,950 | - | $3,950 |
| Travel | $2,402 | $601 | - | $3,003 |
| Advertising | $1,074 | $869 | $189 | $2,132 |
| Conferences and Meetings | - | $1,908 | - | $1,908 |
| Insurance | - | $1,673 | - | $1,673 |
| Fees for Services Legal | - | $1,100 | - | $1,100 |
| Office Expenses | $137 | $315 | - | $452 |
| Fees for Services Other | - | $400 | - | $400 |
| Total Functional Expenses | $378,922 | $80,684 | $2,369 | $461,975 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $7,859 |
| Fundraising Direct Expenses | $3,201 |
| Professional Fundraising Fees | $0 |
“Josue de paz hana seligman president secretary married”
“Board members review the tax return prior to signing”
“Every new board member is asked to review and sign the conflict of interest policy. If a board member changes their job, a discussion of potential conflicts follows.”
“The board reviews the annual budget ahead of time and is asked to sign off on the compensation of all employees.”
“The board reviews the annual budget ahead of time and is asked to sign off on the compensation of all employees.”
“These documents are made available upon request.”
“First tech fund empowers low-income high school students in new york city to thrive academically and professionally by offering free technology, reliable internet access, targeted digital skills training, dedicated mentorship, and opportunities to build social capital. Through a holistic support system, the organization equips youth from underserved backgrounds to navigate and attain meaningful educational and career pathways, seeking to close the digital divide and promote lifelong success.”
“The organizations principal program is a year-long fellowship for low- income high school students, providing participants with free technology (laptops and wifi hotspots), targeted digital and career skills training, individual mentorship, and access to social capital and networking opportunities. The programs goal is to equip students from underserved backgrounds with the tools and guidance necessary to succeed in college and the workforce, while addressing inequities in technology access and educational opportunity in new york city. As an extension of the fellowship, the dual impact internship program places fellowship alumni college students in eight-week internships with companies led by underrepresented or women founders, building workforce experience and industry connections. Throughout the internship, enrolled individuals may receive a scholarship through the program. Together, these programs address educational inequities and provide continued support for academic, professional, and economic opportunity for underserved youth in new york city.”
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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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 8172 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | FIRST TECH FUND EMPOWERS LOW-INCOME HIGH SCHOOL STUDENTS IN NEW YORK CITY TO THRIVE ACADEMICALLY AND PROFESSIONALLY BY OFFERING FREE TECHNOLOGY, RELIABLE INTERNET ACCESS, TARGETED DIGITAL SKILLS TRAINING, DEDICATED MENTORSHIP, AND OPPORTUNITIES TO BUILD SOCIAL CAPITAL. THROUGH A HOLISTIC SUPPORT SYSTEM, THE ORGANIZATION EQUIPS YOUTH FROM UNDERSERVED BACKGROUNDS TO NAVIGATE AND ATTAIN MEANINGFUL EDUCATIONAL AND CAREER PATHWAYS, SEEKING TO CLOSE THE DIGITAL DIVIDE AND PROMOTE LIFELONG SUCCESS. |
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| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 869 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 1074 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 2132 |
| IRS990/AllOtherContributionsAmt | 0 | 251045 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 170 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2048 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 4094 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 6312 |
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| IRS990/CollectionsOfArtInd | 0 | false |
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| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 90625 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
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| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 1908 |
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| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 251045 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 178933 |
| IRS990/CYOtherRevenueAmt | 0 | 4658 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 12600 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -193672 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 283042 |
| IRS990/CYTotalExpensesAmt | 0 | 461975 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 2369 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 268303 |
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| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | THE ORGANIZATIONS PRINCIPAL PROGRAM IS A YEAR-LONG FELLOWSHIP FOR LOW- INCOME HIGH SCHOOL STUDENTS, PROVIDING PARTICIPANTS WITH FREE TECHNOLOGY (LAPTOPS AND WIFI HOTSPOTS), TARGETED DIGITAL AND CAREER SKILLS TRAINING, INDIVIDUAL MENTORSHIP, AND ACCESS TO SOCIAL CAPITAL AND NETWORKING OPPORTUNITIES. THE PROGRAMS GOAL IS TO EQUIP STUDENTS FROM UNDERSERVED BACKGROUNDS WITH THE TOOLS AND GUIDANCE NECESSARY TO SUCCEED IN COLLEGE AND THE WORKFORCE, WHILE ADDRESSING INEQUITIES IN TECHNOLOGY ACCESS AND EDUCATIONAL OPPORTUNITY IN NEW YORK CITY. AS AN EXTENSION OF THE FELLOWSHIP, THE DUAL IMPACT INTERNSHIP PROGRAM PLACES FELLOWSHIP ALUMNI COLLEGE STUDENTS IN EIGHT-WEEK INTERNSHIPS WITH COMPANIES LED BY UNDERREPRESENTED OR WOMEN FOUNDERS, BUILDING WORKFORCE EXPERIENCE AND INDUSTRY CONNECTIONS. THROUGHOUT THE INTERNSHIP, ENROLLED INDIVIDUALS MAY RECEIVE A SCHOLARSHIP THROUGH THE PROGRAM. TOGETHER, THESE PROGRAMS ADDRESS EDUCATIONAL INEQUITIES AND PROVIDE CONTINUED SUPPORT FOR ACADEMIC, PROFESSIONAL, AND ECONOMIC OPPORTUNITY FOR UNDERSERVED YOUTH IN NEW YORK CITY. |
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| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 30000 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 95000 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 7 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 378922 |
| IRS990/FamilyOrBusinessRlnInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 3950 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1100 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 1100 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 400 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 400 |
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| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 4658 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 86416 |
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| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 315 |
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| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 452 |
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| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 20348 |
| IRS990/OtherExpensesGrp/Desc | 0 | SCHOLARSHIPS - WORKFORCE |
| IRS990/OtherExpensesGrp/Desc | 1 | PROGRAM SUPPLIES |
| IRS990/OtherExpensesGrp/Desc | 2 | PAYROLL PROCESSING |
| IRS990/OtherExpensesGrp/Desc | 3 | PROGRAM EVENT EXPENSE |
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| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 1155 |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 40457 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 4579 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 5335 |
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| IRS990/OtherExpensesGrp/TotalAmt | 1 | 40457 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 5777 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 5335 |
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| IRS990/ScheduleJRequiredInd | 0 | false |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FIRST TECH FUND EMPOWERS LOW-INCOME HIGH SCHOOL STUDENTS IN NEW YORK CITY TO THRIVE ACADEMICALLY AND PROFESSIONALLY BY OFFERING FREE TECHNOLOGY, RELIABLE INTERNET ACCESS, TARGETED DIGITAL SKILLS TRAINING, DEDICATED MENTORSHIP, AND OPPORTUNITIES TO BUILD SOCIAL CAPITAL. THROUGH A HOLISTIC SUPPORT SYSTEM, THE ORGANIZATION EQUIPS YOUTH FROM UNDERSERVED BACKGROUNDS TO NAVIGATE AND ATTAIN MEANINGFUL EDUCATIONAL AND CAREER PATHWAYS, SEEKING TO CLOSE THE DIGITAL DIVIDE AND PROMOTE LIFELONG SUCCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATIONS PRINCIPAL PROGRAM IS A YEAR-LONG FELLOWSHIP FOR LOW- INCOME HIGH SCHOOL STUDENTS, PROVIDING PARTICIPANTS WITH FREE TECHNOLOGY (LAPTOPS AND WIFI HOTSPOTS), TARGETED DIGITAL AND CAREER SKILLS TRAINING, INDIVIDUAL MENTORSHIP, AND ACCESS TO SOCIAL CAPITAL AND NETWORKING OPPORTUNITIES. THE PROGRAMS GOAL IS TO EQUIP STUDENTS FROM UNDERSERVED BACKGROUNDS WITH THE TOOLS AND GUIDANCE NECESSARY TO SUCCEED IN COLLEGE AND THE WORKFORCE, WHILE ADDRESSING INEQUITIES IN TECHNOLOGY ACCESS AND EDUCATIONAL OPPORTUNITY IN NEW YORK CITY. AS AN EXTENSION OF THE FELLOWSHIP, THE DUAL IMPACT INTERNSHIP PROGRAM PLACES FELLOWSHIP ALUMNI COLLEGE STUDENTS IN EIGHT-WEEK INTERNSHIPS WITH COMPANIES LED BY UNDERREPRESENTED OR WOMEN FOUNDERS, BUILDING WORKFORCE EXPERIENCE AND INDUSTRY CONNECTIONS. THROUGHOUT THE INTERNSHIP, ENROLLED INDIVIDUALS MAY RECEIVE A SCHOLARSHIP THROUGH THE PROGRAM. TOGETHER, THESE PROGRAMS ADDRESS EDUCATIONAL INEQUITIES AND PROVIDE CONTINUED SUPPORT FOR ACADEMIC, PROFESSIONAL, AND ECONOMIC OPPORTUNITY FOR UNDERSERVED YOUTH IN NEW YORK CITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | JOSUE DE PAZ HANA SELIGMAN PRESIDENT SECRETARY MARRIED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BOARD MEMBERS REVIEW THE TAX RETURN PRIOR TO SIGNING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | EVERY NEW BOARD MEMBER IS ASKED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY. IF A BOARD MEMBER CHANGES THEIR JOB, A DISCUSSION OF POTENTIAL CONFLICTS FOLLOWS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE BOARD REVIEWS THE ANNUAL BUDGET AHEAD OF TIME AND IS ASKED TO SIGN OFF ON THE COMPENSATION OF ALL EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE BOARD REVIEWS THE ANNUAL BUDGET AHEAD OF TIME AND IS ASKED TO SIGN OFF ON THE COMPENSATION OF ALL EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 189588 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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| IRS990/TotalEmployeeCnt | 0 | 7 |
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| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 461975 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 11976 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 8172 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 11976 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 8172 |
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| IRS990/TravelGrp/TotalAmt | 0 | 3003 |
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| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 299 VAN BUREN STREET APT 2A |
| IRS990/USAddress/CityNm | 0 | BROOKLYN |
| IRS990/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/USAddress/ZIPCd | 0 | 11221 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 12 |
| IRS990/VotingMembersIndependentCnt | 0 | 12 |
| IRS990/WebsiteAddressTxt | 0 | WWW.FIRSTTECHFUND.COM |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOSUE DE PAZ |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6313611026 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-09-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FIRST TECH FUND INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FIRS |
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