Civic Intelligence

First Tech Fund Inc.

990EZ • Fiscal year 2021 • EIN 85-1137904

May 01, 2020 to Apr 30, 2021 • Filed on Jun 07, 2021

Organization Profilefirsttechfund.com
299 Van Buren StreetBrooklyn, NY 11221

(212) 643-2036

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.13x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Liabilities / Revenue

73rd percentile

0.11x

Higher debt load relative to revenue than 73% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Net Margin

93rd percentile

73%

Higher net margin than 93% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets74th percentile

Assets

$39,375

No earlier filing loaded for comparison.

Net Assets

$34,375

No earlier filing loaded for comparison.

Liabilities

$5,000

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin93rd percentile

Revenue

$47,364

No earlier filing loaded for comparison.

Expenses

$12,989

No earlier filing loaded for comparison.

Net Income

$34,375

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2021: $39,375Liabilities 2021: $5,000Net Assets 2021: $34,3752021Assets 2022: $155,513Liabilities 2022: $41,850Net Assets 2022: $113,6632022Assets 2023: $239,803Liabilities 2023: $4,210Net Assets 2023: $235,5932023Assets 2024: $387,064Liabilities 2024: $11,976Net Assets 2024: $375,0882024Assets 2025: $189,588Liabilities 2025: $8,172Net Assets 2025: $181,4162025

Highlighted filing

2021

Assets$39,375
Liabilities$5,000
Net Assets$34,375
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2021: $47,364Expenses 2021: $12,989Net Income 2021: $34,3752021Revenue 2022: $181,667Expenses 2022: $102,379Net Income 2022: $79,2882022Revenue 2023: $303,712Expenses 2023: $181,782Net Income 2023: $121,9302023Revenue 2024: $570,863Expenses 2024: $431,368Net Income 2024: $139,4952024Revenue 2025: $268,303Expenses 2025: $461,975Net Income 2025: -$193,6722025

Highlighted filing

2021

Revenue$47,364
Expenses$12,989
Net Income$34,375
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Jun 7, 2021
Return Version
2020v4.1
Gross Receipts
$47,364
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
We provided internet access (via T Mobile HotSpots) and laptop computersto 52 New York City High School Students selected from more than 700 applicants$0$12,222
In 2021, we will launch a new summer photography program (FOTO) a seven week introductory course.It will provide NYC high school students with fundamental photography skills,insight into career pathways, and constructive art criticism strategies.$0$0
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Josue De PazPresidentFT$0--
Hana SeligmanSecretaryPT$0--
Howard SeligmanTreasurer-$0--
Jerome J SandersBoard Chair-$0--
Nakia Alston-HendricksonDirector-$0--
Rodney Cruz PizarroDirector-$0--
Nicole Chin-LynDirector-$0--
Branden CrouchDirector-$0--
Jamal AdamsDirector-$0--
Filing and Contact Details

Filer

Filer Name
First Tech Fund Inc
EIN
85-1137904
Phone
2126432036
Address
299 Van Buren Street, Brooklyn, NY 11221

Signing Officer

Name
Howard F Seligman
Title
Treasurer
Phone
2126432036
Signed
2021-06-07

Preparer

Firm
Howard F Seligman
Address
221 W 37TH ST FL 6, NEW YORK, NY 10018-5700
Preparer
Howard Seligman
Phone
2126432036
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

“To provide students with internet access and computer technology; internet access; : , , , ; , 6700.”

Form 990EZ, Part I, Line 10

“To provide students with internet access and computer technology; computers; : , , , ; , 3360.”

Form 990EZ, Part I, Line 16

“Startup/Formation 725.”

Form 990EZ, Part I, Line 16

“Delivery/Local Transport 427.”

Form 990EZ, Part I, Line 16

“Bank Fees 42.”

Form 990EZ, Part II, Line 24

“Computers 0. 2000.”

Form 990EZ, Part II, Line 26

“Deferred Revenue (Prepaid Grants) 0. 5000.”

Raw XML Appendix194 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Josue De Paz
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Howard Seligman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Jerome J Sanders
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Nakia Alston-Hendrickson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Rodney Cruz Pizarro
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Nicole Chin-Lyn
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7Branden Crouch
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Jamal Adams
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Board Chair
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02000
IRS990EZ/OtherExpensesTotalAmt01194
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PrintingPublicationsPostageAmt01735
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0We provided internet access (via T Mobile HotSpots) and laptop computersto 52 New York City High School Students selected from more than 700 applicants
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1In 2021, we will launch a new summer photography program (FOTO) a seven week introductory course.It will provide NYC high school students with fundamental photography skills,insight into career pathways, and constructive art criticism strategies.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012222
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TotalExpensesAmt012989
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0firsttechfund.com
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt048852
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To provide students with internet access and computer technology; internet access; : , , , ; , 6700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1To provide students with internet access and computer technology; computers; : , , , ; , 3360.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Startup/Formation 725.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Delivery/Local Transport 427.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Bank Fees 42.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Computers 0. 2000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Deferred Revenue (Prepaid Grants) 0. 5000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 26
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Howard F Seligman
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02126432036
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0First Tech Fund Inc
ReturnHeader/Filer/BusinessNameControlTxt0FIRS
ReturnHeader/Filer/EIN0851137904
ReturnHeader/Filer/PhoneNum02126432036
ReturnHeader/Filer/USAddress/AddressLine1Txt0299 Van Buren Street
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011221
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOWARD F SELIGMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0221 W 37TH ST FL 6
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0100185700
ReturnHeader/PreparerPersonGrp/PhoneNum02126432036
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Howard Seligman
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-06-09T16:16:58-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Howard
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Seligman
ReturnHeader/TaxPeriodBeginDt02020-05-21
ReturnHeader/TaxPeriodEndDt02021-04-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,375
Liabilities
$5,000
Net assets
$34,375
Revenue
$47,364
Expenses
$12,989
Net income
$34,375
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.08$1.81$2.68$4.62$1.94
2024Detailed filing. Detailed filing data is available for this year.$3.87$0.12$3.75$5.71$4.31$1.39
2023Detailed filing. Detailed filing data is available for this year.$2.40$0.04$2.36$3.04$1.82$1.22
2022Detailed filing. Detailed filing data is available for this year.$1.56$0.42$1.14$1.82$1.02$0.79
2021Detailed filing. Detailed filing data is available for this year.$0.39$0.05$0.34$0.47$0.13$0.34